ChainCatcher news, according to two informed sources, Arjun Sethi, co-founder of venture capital firm Tribe Capital, is expected to be appointed as the co-CEO of cryptocurrency exchange Kraken, working alongside current CEO Dave Ripley.Sethi first invested in Kraken in 2019 and joined its board in 2021. According to one informed source, even after taking on the new role at Kraken, Sethi will retain his position as Chairman and Chief Investment Officer of Tribe Capital.Yesterday, Kraken announced plans to launch an L2 blockchain called Ink early next year.Previous news, on December 11, 2023, Arjun Sethi, CEO of venture capital firm Tribe Capital, has stepped down, with Boris Revsin as his successor. Arjun Sethi will serve as Chairman and Chief Investment Officer of Tribe Capital.

ChainCatcher news, the re-staking protocol Helix Labs has completed a $2 million Pre-Seed financing round, led by Tribe Capital, EMURGO Ventures, Taureon Capital, LD Capital, and Double Peak Group. This financing will accelerate the increase of L1 asset application scenarios, solve the cold start problem of L3, and promote Cardano liquidity into a broader DeFi ecosystem by providing liquidity and users.Helix Labs aims to enhance the yield opportunities for non-Ethereum L1 asset holders and support future MoveVM Rollups through liquidity abstraction and the OmniVM technology stack. By enhancing token utility, expanding EigenFi capacity, and providing liquidity as a service, it offers greater returns to users and brings more liquidity to DeFi. Helix Labs has joined the Move Collective accelerator program of Movement Labs, and the protocol will allow Cardano's ADA token holders to stake while obtaining liquid-staked ADA, which can then be bridged to Movement, thereby unlocking approximately $12 billion in liquidity for Cardano.

ChainCatcher news, according to CoinDesk, the Wingbits protocol, which creates a DePIN flight tracking network based on Solana, announced the completion of a $3.5 million seed round financing, led by Borderless Capital and Tribe Capital, with participation from Antler and several angel investors.The team stated: "Wingbits rewards the data quality captured by antennas maintained by enthusiasts. Individuals are rewarded based on performance, coverage, and uptime, with a global leaderboard to compare the best-performing antennas. As of the end of 2023, there were 40 nodes on the Wingbits platform, which has now increased to nearly 2000."

ChainCatcher news, the decentralized AI infrastructure layer KIP Protocol has announced the completion of a $5 million private placement financing, led by Animoca Ventures and Tribe Capital. Other investors include GBV Capital, DWF Ventures, Morningstar Ventures, and others. So far, KIP Protocol has raised a total of $10 million.As the world's first underlying protocol supporting Decentralized Retrieval-Augmented Generation (dRAG), KIP Protocol provides cutting-edge Web3 infrastructure that enables app developers, model creators, and data owners to achieve seamless deployment, monetization, and full ownership in Web3. KIP Protocol offers a comprehensive suite of tools and services aimed at breaking the monopoly barriers in the AI industry, providing a fairer environment for AI developers and consumers. This round of financing will further advance KIP Protocol's mission for decentralized AI development by creating powerful and secure decentralized AI solutions that drive unprecedented applications and innovations.Previously, KIP Protocol officially announced a partnership with the leading AI Agent entertainment platform Moemate, leading 3 million Web2 AI users into Web3. KIP has also secured the management rights to a $10 million fund provided by Open Campus, collaborating to layout and explore the "DeAI + Education" landscape, and jointly building a leading, decentralized AI-driven online learning education platform OCU, offering personalized learning experiences and redefining decentralized education. Through these collaborations, KIP has realized real use cases for decentralized AI.

ChainCatcher news, according to official sources, Gate Charity, a global non-profit blockchain charity organization under Gate Group, recently successfully held the "Book of the Ocean: Duano Tribe Literacy Campaign" in Indonesia. The event aims to improve the educational level of the Duano tribe, helping this indigenous community traditionally known as "people of the sea" overcome educational barriers. Gate Charity collaborated with local communities, educators, and volunteers to provide essential literacy resources, organized learning activities and games for about 100 local children, and donated books to inspire children's interest in reading and learning, creating a brighter future for the tribe's younger generation. Gate Charity hopes to promote global educational equity and community development through such projects around the world.

ChainCatcher news, the oracle protocol Switchboard announced the completion of a $7.5 million Series A funding round, led by Tribe Capital and RockawayX, with participation from Mysten Labs, InfStones Global, OtterSec, Bixin Ventures, and various angel investors.It is reported that Switchboard's mission is to provide fast, permissionless, and customizable oracle solutions. Its total value guaranteed has risen to approximately $1.75 billion.According to the Web3 asset data platform RootData, Switchboard is a permissionless, customizable, multi-chain oracle protocol for general data feeds and verifiable randomness. By allowing anyone to push any form of data, regardless of the data type, it provides users with a one-stop service and helps drive the development of the next generation of decentralized applications.

ChainCatcher news, according to VentureBeat, CARV, which provides a modular data layer for the gaming and AI industries, has announced the completion of a $10 million Series A funding round, led by Tribe Capital and IOSG Ventures, with participation from several institutions including Consensys (MetaMask), OKX Ventures, Fenbushi Capital, No Limit Holdings, Draper Dragon, Arweave, LiquidX, and MARBLEX.It is reported that the funds will be used to build a cross-chain modular data layer and promote innovation in the data economy. The CARV ecosystem has an average of over 500,000 active addresses daily, making it one of the top three most active ecosystems on chains such as Linea, opBNB, zkSync, and Ronin.

ChainCatcher news, modular blockchain infrastructure developer Lava Network has completed a $15 million seed round financing, led by Jump Capital, Hashkey Capital, and Tribe Capital, with participation from North Island Ventures, Dispersion Capital, Alliance DAO, Finality Capital Partners, and others. Executives from Celestia, Cosmos, StarkWare, Filecoin, and other blockchain ecosystems also participated in this round of financing.

ChainCatcher news, according to The Block, the full-chain interoperability protocol Analog has completed a $16 million seed and strategic round of financing, led by Tribe Capital, with participation from NGC Ventures, Wintermute, GSR, NEAR, Orange DAO, Mike Novogratz's alternative asset management company Samara Asset Group, Balaji Srinivasan, and others.Analog co-founder Victor Young stated that the financing was achieved through a Simple Agreement for Future Tokens (SAFT), and after the financing, Analog's fully diluted valuation reached $120 million.It is reported that Analog is a blockchain interoperability project that is building cross-chain communication tools for interoperability across multiple blockchain networks. Its core products include the Timechain blockchain network based on the Rust language; a universal messaging protocol; a developer-focused product called Analog Watch; and the Timegraph SDK and API suite, allowing application builders to combine applications across multiple chains.

ChainCatcher news, the decentralized internet proxy network Wynd Network recently announced the completion of a $3.5 million seed round financing, led by Polychain Capital and Tribe Capital, with participation from Bitscale, Big Brain, Advisors Anonymous, Typhon V, and Mozaik.The company's first product, Grass, is a decentralized web crawling network designed to help companies and non-profit organizations train artificial intelligence. Wynd Network's Chief Technology Officer Chris Nguyen stated that Grass will produce datasets traceable to their origins, allowing people to be fairly compensated for their contributions to the network.Grass currently allows users to provide unused internet bandwidth through a web browser extension to earn points, which will be "retroactively converted to network ownership" at the end of the product's beta phase. Many observers expect that Grass will transfer network ownership to early users through tokens, similar to many decentralized autonomous organizations or DAOs. Wynd Network stated that once the product's beta phase ends, users will be able to earn up to $30 per month by selling bandwidth.

ChainCatcher news, according to Bloomberg, Arjun Sethi, the CEO of the venture capital firm Tribe Capital, has stepped down, with Boris Revsin as his successor. Arjun Sethi will serve as the Chairman and Chief Investment Officer of Tribe Capital. Sethi stated that this change was made to focus on investments and products.Tribe Capital is a venture capital firm established in 2018, managing over $1.6 billion in assets, and has invested in crypto companies such as MoonPay and Kraken. Tribe Capital is also one of the bidders for FTX.

ChainCatcher news, encrypted KOL @sdcrypto123 tweeted that the claims for the Fei Protocol attack incident applied in Tribe DAO have been received, "If you applied for FEI compensation, hurry up and check, it has been credited."Previously, on April 30 last year, the algorithmic stablecoin protocol Fei Protocol's Fuse pool deployed on Rari Capital was hacked, resulting in a loss of approximately $80.34 million. Subsequently, Tribe DAO conducted a community vote regarding the compensation for victims, and Fei Protocol will reimburse victims with approximately 12.68 million FEI and 26.61 million DAI. In September of the same year, Tribe DAO launched the claims page for the stolen funds from the Fei Protocol attack incident.

According to ChainCatcher, citing sources familiar with the matter, Block.one's cryptocurrency exchange Bullish is one of the parties bidding for the bankrupt trading platform FTX. In addition to Bullish, Tribe Capital has also made its own acquisition offer, with its venture capital portfolio including FTX. Currently, there are 75 bidders for FTX. The deadline for new bids is September 24.

ChainCatcher news, according to CertiKAlert monitoring, the Poly Network attacker has converted approximately 488,600 TRIBE and about 147,800 FEI into 151.75 ETH, which has been transferred to address 0x122. The attacker has accumulated approximately 235.2 ETH in EOA 0x122. (Source link)

ChainCatcher news, according to CoinDesk, the multi-chain risk and collateral management protocol Concordia has completed a $4 million seed round financing, led by Tribe Capital and Kraken Ventures, with participation from Cypher Capital, Saison Capital, and others.Earlier this month, Concordia launched its public testnet on Aptos. The mainnet is expected to go live in the coming months. Concordia will also launch on other chains. (Source link)

ChainCatcher news, OKX announced that it will continue to sponsor the Tribeca Festival as the world's first digital asset partner, marking the second year of collaboration between the two. The Tribeca Festival will launch the NFT Pass card through OKX, and the "BMCC Tribeca Performing Arts Center" will be renamed to "BMCC Tribeca Performing Arts Center OKX Theater."The collaboration between OKX and the Tribeca Festival aims to leverage innovative technologies such as digital assets, Web3, and the metaverse to combine OKX's global influence, open brand partnership ecosystem, and the increasingly sophisticated OKX Web3 system with the creativity and imagination of the Tribeca Festival, enhancing equity and providing new opportunities for artists. This partnership was established following the launch of OKX's global brand campaign "REWRITE THE SYSTEM," which advocates for the use of the Web3 paradigm to replace existing centralized systems.

ChainCatcher news, according to CoinDesk, venture capital firm [Tribe Capital](https://www.rootdata.com/zh/Investors/detail/Tribe Capital?k=Mjk1) has launched a new cryptocurrency fund aiming to raise $100 million. Tribe plans to make early investments ranging from $500,000 to $3 million in Layer 1 and Layer 2 ecosystems, DeFi projects, and infrastructure to bring real-world assets on-chain. (Source link)

ChainCatcher news, according to globenewswire, the NFT derivatives trading platform Tribe3 has completed a $2.1 million financing round, with participation from Spartan Capital, Newman Capital, Infinity Ventures Crypto, Modular Capital, Cogitent Ventures, Blockbuilders, Founderheads, Lapin Digital, and Blockhype.It is reported that Tribe3 will launch its mainnet Beta version on Arbitrum on May 3, 2023, with the first phase supporting four NFT collections including Bored Ape Yacht Club, Mutant Ape Yacht Club, Azuki, and CryptoPunks. (Source link)