ChainCatcher news, according to The Block, the algorithmic crypto trading platform Tread.fi, founded by former Morgan Stanley employees, has completed a $3.5 million seed funding round. This round was led by New Form Capital, with participation from Aquanow, Varys Capital, GBV Capital, Thanefield Capital, and others.David Jeong, founder and CEO of Tread.fi and former vice president of quantitative research at Morgan Stanley, declined to comment on the valuation but stated that this funding round utilized a Simple Agreement for Future Equity (SAFE) structure, accompanied by a symbolic letter, laying the groundwork for the next funding round in the first quarter of 2025.

ChainCatcher news, according to The Wall Street Journal, cryptocurrency and blockchain venture capital firm New Form Capital has launched a $100 million fundraising effort aimed at returning to the once-troubled cryptocurrency industry.New Form Capital stated that the venture will focus on reshaping traditional finance through crypto-related technologies, including trading markets and payment systems. Additionally, they revealed that they will also invest in some AI startups related to cryptocurrency and blockchain.