ChainCatcher news, according to TechCrunch, the Singapore-based crypto investment app Pillow plans to cease all its services and applications in the coming weeks due to regulatory uncertainty. In a post on Telegram, Pillow urged customers to withdraw all funds from the Pillow app and stated that it would terminate all current services on July 31, 2023.It is reported that Pillow was founded in 2021 by Arindam Roy, Rajath KM, and Kartik Mishra, with the aim of building a one-stop platform for managing cryptocurrency storage, spending, and investment, allowing customers to invest in cryptocurrencies such as Bitcoin, Ethereum, and Solana. Pillow has raised a total of approximately $21 million. (source link)

ChainCatcher news, according to TechCrunch, the cryptocurrency management platform Pillow has completed a $18 million Series A funding round, led by Accel and Quona Capital, with participation from Elevation Capital and Jump Capital. The platform aims to create a one-stop solution for cryptocurrency management that integrates storage, consumption, and investment, currently boasting over 75,000 users across more than 60 countries/regions.Pillow is headquartered in Singapore and was founded in 2021 by Arindam Roy, Rajath KM, and Kartik Mishra, focusing on emerging markets such as Africa and Southeast Asia. Currently, the platform supports 10 digital assets, including Bitcoin, Ethereum, Solana, Polygon, Axie Infinity, USDC, and USDT, with plans to expand to over 50 assets in the coming months. (TechCrunch)