Startup

Coinbase founder: Thank you to the Trump administration, paying tribute to crypto startups that went bankrupt due to inability to afford legal fees

ChainCatcher message, Coinbase founder stated, "Thank you to the Trump administration for winning the election and for the departure of the SEC's aggressive chairman Gary Gensler, who, along with Elizabeth Warren and some followers in Congress, orchestrated this illegal act.I believe we will win this case in court regardless, as our facts are so strong, but it undoubtedly accelerated this process and pushed for accountability. I pointed out the SEC's suspicious behavior as early as 2021, and I believe this comment has proven to be prescient. I want to give special recognition to all the other crypto companies fighting the SEC through litigation (we are clearly not the only ones). I want to especially honor those crypto startups that went bankrupt due to the inability to afford legal fees; although your companies may be dead, the crypto industry still exists.Do not stop building. I want to give special recognition to all the Democratic and Republican lawmakers working hard to ensure that the U.S. remains a leader in the crypto space. I know that Gary Gensler and Elizabeth Warren do not represent the entire Democratic Party. Finally, I want to give special recognition to all American crypto holders who support pro-crypto candidates; you have ensured that your rights are protected. It turns out that crypto voters are real, and they show up in the millions.I expect we will continue to maintain a positive collaboration with the SEC in various matters in the future, just as we do with other agencies in every country and region where we operate globally. I look forward to reforms at the SEC under the leadership of Paul Atkins, Mark Uyeda, Hester Peirce, and DOGE, welcoming more rational leaders.I also commend the new leadership for working to correct this mistake—this is a great step in the right direction and requires courage. Now, let’s push for the U.S. to enact crypto legislation, clarify the rules, and truly kickstart the next phase of building."

AI Web3 startup Bluwhale has completed a new round of financing, with a total funding amount reaching 100 million dollars

ChainCatcher news, AI Web3 startup Bluwhale has completed a new round of financing. Some of the investors and partners participating in this round include Cointelegraph, SwissBorg, Awaken Foundation, CoinBureau, Altcoin Daily, Master Ventures, DWF Labs, Baboon Ventures, Cryptonite Capital, Hub71, NewTribe Capital, Vitality Ventures, Citizen Capital, Castrum Capital, Elevate Ventures, Common Wealth Fund, AlphaCrypto Capital, Faro, Kahuna, Moon Capital, EVO, and London Real Ventures, along with additional funding support from Arbitrum and Movement Labs.Bluwhale's financing has reached $100 million, including seed/A round financing as well as a $75 million token purchase commitment, grants, and node sales revenue. These investments will enable the company to further expand its Web3 smart layer across multiple L1 and L2 blockchains.According to the RootData page, Bluwhale completed a $7 million seed round financing in March this year. Bluwhale's AI personalization protocol is specifically designed to unlock the full potential of decentralized applications (dApps) by extracting deep insights from user wallets across various blockchain networks. Bluwhale's main goal is to drive user growth, engagement, and retention by identifying and reaching potential users through data-driven decision-making and personalized wallet-to-wallet communication.
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