ChainCatcher news, according to Fortune, German investment firm Lennertz & Co. is preparing to become one of the largest funds in the blockchain space, planning to raise $165 million for its third fund focused on cryptocurrency. Oksana Tiedt, head of fund investments at Lennertz, stated that the fund has completed its first round of fundraising but did not disclose the specific amount.Lennertz is a multi-family office established in 2015, investing in various asset classes, including private equity and traditional venture capital. The firm began its foray into the blockchain space around 2016, initially making private investments in a fund, and launched a $35 million fund in 2020, followed by a second fund of $65 million in 2022.Lennertz does not directly invest in portfolio companies or token trading but invests in other firms, including well-known crypto venture capital firms like Multicoin, Polychain, and Hack VC. The second fund primarily invests in diversified funds with crypto strategies, including Bain Capital, Lightspeed, and Andreessen Horowitz.In its third fund, Lennertz plans to invest in 8 to 10 venture capital funds focused on blockchain, some of which are in Europe, but most are in the United States. Tiedt stated that Lennertz has raised enough capital to invest in two funds, namely the crypto funds of Polychain and Bain Capital.

ChainCatcher news, Unitronix Corp. announced an investment of $3 million in the U.S. fundraising project Unity Coin, which introduces a method of campaign donations that supports providing tradable digital tokens in exchange for campaign contributions, while leveraging blockchain for transparency and engagement.

ChainCatcher news, according to Bloomberg, New York-based digital asset management firm ParaFi Capital has raised $120 million from investors including Theta Capital Management and Accolade Partners.According to ParaFi's new strategy, part of this funding will be used to acquire stakes in other crypto funds that focus on specific niches, strategies, or regions. ParaFi founder Ben Forman stated in an interview that the company plans to build a portfolio over the next three to five years, investing in 30 to 50 such funds.It is reported that ParaFi has invested in 9 different cryptocurrency management firms. As the number of crypto funds begins to grow again, the company is expanding this strategy to external investors. The firm has been operating hedge fund and venture capital strategies for about six years and has a team of 22 people. In addition to KKR and Kravis, ParaFi's investors also include Bain Capital Ventures.

ChainCatcher news, the legal dispute of Tornado Cash developer Alexey Pertsev has reached a critical moment as he seeks to raise more funds to address the lawsuit. Last month, a Dutch court announced the refusal to release Alexey Pertsev, forcing him to prepare for further appeals.In addition, another Tornado Cash developer, Roman Storm, will be tried in the U.S. in September, facing charges of money laundering, conspiracy to operate an unlicensed money transmission business, and conspiracy to violate U.S. sanctions laws.

According to ChainCatcher's message, documents submitted to the U.S. Securities and Exchange Commission reveal that Meltem Demirors, the former Chief Strategy Officer of digital asset management firm CoinShares, is seeking to raise $75 million for two new venture funds.According to the documents, the two new funds are named Crucible Capital Fund I and Crucible Capital Fund 1-A. They aim to raise $45 million and $30 million, respectively. Demirors is listed as a managing member and general partner of both funds.Demirors served as CoinShares' Chief Strategy Officer from May 2018 until her departure in January 2024. According to her LinkedIn profile, she still holds the position of Director of the Oxford University Blockchain Strategy Programme.

ChainCatcher news, Arkham disclosed on X that it has identified fundraising addresses for 24 different projects, which have collectively raised $500 million on-chain.For example: Berachain ($100 million), Scroll ($87 million), Gnosis Safe ($44 million), Movement Labs ($21.2 million).

ChainCatcher news, the perpetual contract protocol Rage Trade announced on X that it has completed the RAGE public offering, raising $6 million in 15 minutes.Previous news, Rage Trade released its tokenomics, which includes: 35% token sale, 30% community treasury, 15% team, 13.5% private buyers, and 6.5% airdrop.The airdrop portion consists of: 4% for V1 users, 1.25% for V2 users, and 1.25% for @HyperliquidX OG spot traders.

ChainCatcher news, according to informed sources, despite signs of recovery in the Web3 market, the European venture capital firm XAnge has quietly stopped raising funds for its first cryptocurrency venture capital fund.In 2022, the venture capital announced it was raising funds for its dedicated cryptocurrency fund, the Digital Ownership Fund, with a target size of 80 million euros, recruiting Luc Jodet, co-founder of the Paris Web3 luxury platform Arianee. However, now due to difficulties in securing enough supporters to complete the initial fundraising, its CEO Cyril Bertrand has stated that they will no longer raise funds for this cryptocurrency-specific fund.

ChainCatcher news, according to Bloomberg, billionaire Michael Novogratz's Galaxy Asset Management has raised $113 million for its new venture fund, which invests in early-stage startups focused on crypto software, infrastructure, and financial applications.Galaxy Ventures Fund I LP aims to build a portfolio consisting of about 30 investments. The fund has already invested in projects such as Ethena, Monad, and Plume. Galaxy Digital Holdings stated in a press release on Thursday that the fund expects to continue raising capital, with a target of reaching $150 million by next year at the latest. Will Nuelle, another general partner of the fund, mentioned that the fund expects to invest between $3 million and $5 million in each project, although the amounts may vary.

ChainCatcher news, influenced by the latest round of donations for the Democratic Party campaign in the United States, which raised $81 million in 24 hours, Harris's winning probability on Polymarket has risen to 37%. As a result, the Harris concept Meme token has reached a historical high, where: KAMA on the Solana chain is currently priced at $0.03352, with a 24-hour increase of 64.32%; HARRIS on the Ethereum chain is currently priced at $0.00001159, with a 24-hour increase of 164%.

ChainCatcher news, the Jiangsu Province Zhenjiang City Jingkou District People's Procuratorate recently announced that the court sentenced Li and 7 others to three years in prison for the crime of illegally absorbing public deposits, with a probation period of three to five years, and imposed fines ranging from 210,000 to 250,000 yuan.These individuals used the guise of "1 FIL coin can yield 2 times the profit," claiming to cooperate with mining machine vendors for Filecoin staking mining. They attracted over 10,000 members in less than a year through their self-developed FPM App, accumulating over 400,000 FIL coins, with the amount involved exceeding 40 million yuan.The case involves multiple provinces and cities, including Jiangsu, Guizhou, and Hunan. The prosecution stated that the individuals involved used a large amount of the absorbed FIL coins for staking "mining" in cooperation with mining machine vendors, and continued to generate profits until the case was uncovered.

According to ChainCatcher news and data disclosed by the WSJ, cryptocurrency donations accounted for about 1% of the total fundraising amount for Trump's campaign team in the second quarter, with most of it being Bitcoin and Ethereum, valued at approximately $3 million. Between May and the end of June, around 100 people donated cryptocurrency to Trump's campaign team.

ChainCatcher news, based on Base's modular entertainment chain XProtocol announces the successful completion of a $800,000 strategic round of financing, with a total fundraising amount reaching $5.2 million. Investors in XProtocol include Cogitent Ventures, Zephyrus Capital, and others.It is reported that XProtocol is a modular entertainment chain built on Base using Superchain technology. XProtocol has also launched Xardian Nodes, where node operators will earn rewards by participating in the network consensus process.

ChainCatcher news, according to Coindesk, announced that Colosseum, an accelerator specifically for the Solana ecosystem, has completed a $60 million fundraising for a fund focused on investing in early-stage projects. The fund was oversubscribed and will focus on Pre-Seed stage investments in startups selected by the winners of Solana Hackathons.So far, the Colosseum has funded 11 companies and deployed $250,000.

ChainCatcher news, according to The Block, Pantera Capital is raising a new fund to purchase more TON tokens.An email sent to potential investors by Pantera earlier this week indicated that the fund is called "Pantera TON Investment Opportunity," aimed at raising funds to buy more TON tokens. The email stated, "We invite you to participate in the next round of financing for this investment opportunity." Interested parties have been asked to indicate their interest in the opportunity via a form by June 21 to ensure allocation from the fund. The form shows that the minimum investment amount for each supporter is $250,000.ChainCatcher previously reported that Dan Morehead, founder of Pantera Capital, stated on social media that Pantera recently made the largest investment in the history of the fund in Telegram's TON blockchain project.

ChainCatcher news, according to Tech in Asia, venture capital firm Square Peg announced that it will raise a new fund of $550 million in the second half of 2024, which will be their sixth fund.It is reported that Square Peg has previously participated in the $5 million seed round financing of AI startup Mindverse, as well as the $12 million Series A financing of blockchain game infrastructure startup Lysto.Previously reported in October 2022, venture capital firm Square Peg announced that its fifth fund completed fundraising of $550 million, with investors including Australian pension funds Hostplus and AustralianSuper, as well as family offices, institutions, and donor funds. Square Peg partner Tushar Roy stated that the new fund will closely monitor high levels of activity in the Web3 markets of Australia, Israel, and Southeast Asia.

ChainCatcher news, according to Reuters citing sources, Trump raised $12 million at an event hosted by a San Francisco tech venture capitalist, attended by crypto leaders including Coinbase executives, Gemini co-founders Cameron Winklevoss and Tyler Winklevoss. A source familiar with the fundraising situation stated that the highest ticket price for the gathering was $500,000 per couple, and all tickets were sold out.Trevor Traina, Chief Business Officer of Tools for Humanity and former U.S. Ambassador to Austria under Trump, told Reuters that Trump stated at the fundraising event that he would become the "crypto president."Jacob Helberg, a consultant at Palantir Technologies, told Reuters that Trump made it clear that the Biden and Gensler crackdown on cryptocurrencies would stop within an hour of Trump taking office for his second term.

ChainCatcher news, according to the Taiyuan Daily, in recent years, some criminals have been using the banners of blockchain, financial innovation, and so on, to issue so-called virtual currencies, virtual assets, and digital assets to raise funds, infringing on the legitimate rights and interests of the public. On June 3, the Office of the Leading Group for the Disposal of Illegal Fundraising in Shanxi Province issued a reminder that such activities are not genuinely based on blockchain technology, but rather are illegal fundraising, pyramid schemes, and fraud disguised as hype. Consumers should enhance their risk awareness, refrain from participating in speculative activities, and be cautious to avoid damage to their personal property and rights.Currently, there are three main characteristics of illegal fundraising using the concept of blockchain.First, there is a clear trend of networking and cross-border activities. Relying on the internet and chat tools for transactions, and using online payment tools for fund inflow and outflow, the risk spreads widely and rapidly. Some criminals set up websites by renting overseas servers, effectively targeting domestic residents while remotely controlling illegal activities. Some individuals claim in chat group tools to have access to high-quality overseas blockchain project investment quotas and can invest on behalf of others, which is highly likely to be fraudulent activity. Much of the funds from these illegal activities flow overseas, making regulation and tracking very difficult.Second, there is a strong element of deception, temptation, and concealment. By exploiting hot concepts for speculation, some even use celebrities to promote their schemes, enticing with airdrops and claiming short investment cycles, high returns, and low risks, which are highly seductive, concealed, and misleading. In actual operations, criminals manipulate behind the scenes, setting thresholds for profit and withdrawal to illegally reap huge profits.Third, there are various illegal risks involved. Criminals publicly promote static returns (appreciation profits) and dynamic returns (profits from developing downlines) as bait to attract the public to invest funds, and entice investors to recruit others, continuously expanding the funding pool, which exhibits characteristics of illegal fundraising, pyramid schemes, and fraud.