ChainCatcher news, according to informed sources, the blockchain venture capital firm Superscrypt, backed by Temasek Holdings Private Limited, plans to raise up to $100 million for its second investment fund.Informed sources indicate that Temasek has been listed as a major investor in the new fund alongside the New York-based fintech company Republic. Temasek and Republic will jointly serve as general partners of the new company. Informed sources stated that this process is ongoing, and the final amount may change.

ChainCatcher news, Rohit Sipahimalani, Chief Investment Officer of Singapore's state investment company Temasek International, stated that if Trump returns to the White House, it may not have a positive impact on the global economy and financial markets.Sipahimalani pointed out that the policies of the Trump administration would lead to a slowdown in global economic growth, which would ultimately affect American businesses. He also warned that higher interest rates and a stronger dollar would have adverse effects on emerging markets.

ChainCatcher news, sources reveal that the blockchain fintech startup Partior is operating with a reduced number of employees. The company laid off about 30 employees in July, and several others, including members of the leadership team, have also left. Notably, Partior is the latest startup supported by Temasek Holdings to be affected by layoffs and employee departures in the past 10 months.Previously, it was reported that the cross-border payment and settlement blockchain company Partior completed a $60 million financing round, led by Peak XV Partners.

ChainCatcher news, Bitcoin L2 Giants Planet recently announced its list of investors on its official website, including the Singapore sovereign wealth fund—Heliconia Capital under Temasek Holdings of Singapore. Other investors include SEQUOIA, PG Capital, Plug and Play Ventures, LucidBlue Ventures, Immutable, COIN98, WARNERMEDIA, Brinc, DWF Labs, IBG Capital, Digital Consensus Fund, UOB, Evan Luthra, and others.

ChainCatcher news, according to the Financial Times in the UK, Singapore's state-owned investment firm Temasek Holdings is in investment talks with OpenAI CEO Sam Altman, marking the first time a state-backed group has invested in OpenAI.According to insiders, senior executives from Temasek have met with Altman multiple times in recent months, with discussions being preliminary but ongoing, and no agreement on any investment size has been reached yet. This negotiation comes as Altman seeks funding to launch a semiconductor business aimed at reducing reliance on cutting-edge chips manufactured by Nvidia.It is reported that despite a significant increase in OpenAI's revenue since the launch of ChatGPT in November 2022, Altman has stated that OpenAI is still operating at a loss due to the enormous costs of building and training its models. Temasek's investment interest reflects its increasingly global footprint over the past decade, with the investment firm currently holding a portfolio valued at $287 billion globally, including some top tech startups. OpenAI is currently supported by $13 billion from Microsoft, its largest investor, as well as several venture capital groups such as Thrive Capital, Sequoia Capital, Tiger Global Management, and Andreessen Horowitz.

ChainCatcher news, NFT verification company Authentick announced the completion of a $4 million seed round financing, led by the venture capital platform Menyala founded by Temasek. The funds will help Authentick expand its user base and product range. Authentick allows users to purchase digital collectibles or NFTs and verify their authenticity, aiming to enable users to buy digital collectibles without the need for a Web3 wallet or entering an exchange.Authentick plans to offer incentives to brand partners looking to reach a wider audience. The company will manage the distribution of their digital collectibles and ensure that these collectibles can be purchased at major online retailers.

ChainCatcher news, according to Cointelegraph, 18 FTX investment firms including Temasek, Sequoia Capital, and SoftBank have been named as defendants in a class-action lawsuit filed in Miami due to their association with the now-bankrupt cryptocurrency exchange FTX. The plaintiffs claim that these investment firms are responsible for "aiding and abetting" FTX's fraud. The plaintiffs point out that the FTX cryptocurrency exchange violated multiple securities laws and misappropriated customer funds, while the defendants assert that they conducted due diligence.

ChainCatcher news, according to e27, the digital asset Launchpad platform 2MR Labs announced the completion of a new round of financing, led by Heliconia Capital, a subsidiary of Temasek, with participation from Plug and Play APAC, The Assembly Place, PG, and LucidBlue Ventures. The specific amount of financing has not been disclosed.It is reported that 2MR Labs will use the new financing to support enterprises in their Web3 technology transformation through the Launchpad. They have currently established strategic alliance partnerships with cold wallet provider UKISS Technology, Web3 gaming platform MetaOne, and global entrepreneurship and innovation platform Plug and Play APAC. (source link)

ChainCatcher news, according to CNBC, Temasek's Chief Investment Officer Rohit Sipahimalani stated that in light of the regulatory uncertainty in the cryptocurrency industry, Temasek currently does not plan to invest in cryptocurrency companies.Sipahimalani added, "We have never considered investing in cryptocurrency. Even our investment in FTX was specifically in the exchange, which allowed us to earn fee-based revenue without considering balance sheet risk or any trading risk." (source link)

ChainCatcher news, according to the Science and Technology Innovation Board Daily, artificial intelligence accelerator company Celestial AI announced the completion of a $100 million Series B financing, led by IAG Capital Partners, Koch Disruptive Technologies, and Temasek Xora Innovation Fund. The company's CEO Lazovsky stated that this funding brings Celestial AI's total financing to over $165 million and will be used to support the production of the Celestial photonic platform by expanding the company's engineering, sales, and technical marketing departments.Celestial AI is an AI accelerator company with a proprietary hardware and software platform for machine learning chipsets. (source link)

ChainCatcher news, according to Bloomberg, Singapore's national investment fund Temasek has stated that it will cut the compensation of senior management and the investment team responsible for investing in FTX. Temasek's chairman stated, "As the prosecutors have alleged, and as the main executives of FTX and its affiliates have admitted, there was fraudulent behavior that was deliberately concealed from investors, including Temasek."According to ChainCatcher previous reports, Temasek has decided to fully write down its investment of approximately $275 million in FTX and FTX US. Singapore's Deputy Prime Minister Lawrence Wong revealed in the country's parliament that Temasek has officially initiated an internal review of FTX-related investments. (source link)

ChainCatcher news, Singapore's national investment fund Temasek today issued a statement on its official website stating that Temasek has not invested in Array and has no relationship with them.Previously, the media reported that Array, a developer of an algorithmic currency system based on smart contracts and AI, received a $10 million investment from Temasek at a valuation of over $100 million. (source link)

ChainCatcher news, according to Cointelegraph, the algorithmic currency system developer Array, based on smart contracts and AI, has received a $10 million investment from Temasek at a valuation of over $100 million.It is reported that Array's smart contract platform ArrayFi aims to enable decentralized applications powered by its proprietary AI algorithm ArrayGo on top of its network. The system is expected to have various use cases, including payments, remittances, and investments. (source link)