SoSo Daily Jul 11 | Stablecoin company Agora completes $50.00 million Series A funding round, led by Paradigm

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 23:50 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Hyperlane ($HYPER). As of 23:50 today, its market cap is 99.13M, with a coin price of 0.56580 USD, witnessing a 24-hour increase of 387%.
The second is ZKFair ($ZKF). As of 23:50 today, its coin price is 0.000064650 USD, with a 24-hour increase of 135%.
The third is Ben the Dog ($BENDOG). As of 23:50 today, its coin price is 0.00090700 USD, showing a 24-hour increase of 74.4%.
In fourth place is $Omni Network ($OMNI). As of 23:50 today, its coin price is 2.4300 USD, with a 24-hour rise of 58.8%.
In fifth place is Swarm Markets (SMTX). As of 23:50 today, its coin price is 0.055860 USD, increasing by 49.4% over the last 24 hours.




Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:According to Fortune magazine, stablecoin startup Agora has completed a $50.00 million Series A funding round led by Paradigm. Agora has partnered with cryptocurrency companies such as Polygon to help them launch customized stablecoins for decentralized finance projects. [Foresight News]
Next news:Korean media group K Wave Media (Nasdaq: KWM), listed on Nasdaq, has announced a convertible note agreement with Anson Funds. Anson has agreed to provide financing of up to $500 million, with KWM using at least 80% of the net proceeds to purchase Bitcoin ($BTC). The first tranche of financing will involve the issuance and sale of $15.000 million worth of senior secured convertible notes and warrants to Anson Investments Master Fund, LP and Anson East Master Fund LP, pursuant to a securities purchase agreement. The company will receive $15.000 million in gross proceeds from this offering before deducting placement agent fees and other issuance expenses payable by the company. Under the purchase agreement, the company must use at least 80% of the net proceeds from the sale of the notes and warrants specifically to purchase Bitcoin ($BTC). [Foresight News]
Next news:According to CoinDesk, German state-owned development bank NRW.BANK has issued a blockchain bond worth €100 million ($116.7 million USD). The two-year bond was issued on the Polygon blockchain and registered using the infrastructure of Cashlink Technologies, a crypto securities registry licensed by the German Federal Financial Supervisory Authority (BaFin). This is NRW.BANK's first fully digital bond issuance under the German Electronic Securities Act (eWpG) as a crypto security. The law allows bonds to exist entirely on a blockchain network without the need for physical certificates. [Foresight News]
Next news:According to official sources, YZi Labs has announced a strategic investment in blockchain infrastructure platform Aspecta, providing price discovery and lifecycle liquidity for illiquid assets (such as pre-release stocks, locked tokens, private equity, risk-weighted assets, etc.). [ChainCatcher]
Next news:HSBC stated that it recently completed experimental testing for the Hong Kong Monetary Authority's "e-HKD+" project. HSBC has conducted experiments on a range of public Distributed Ledger Technology (DLT) environments (including Arbitrum, Ethereum, Linea, and Polygon) as well as on a private Distributed Ledger Technology (DLT) developed by HSBC on Hyperledger Besu. These results will support the Hong Kong Monetary Authority and the industry in exploring how innovative digital currencies can create value for the Hong Kong public. More important results will be shared later this year. [Foresight News]
Next news:According to official sources, $DDC Enterprise Limited and Animoca Brands have signed a non-binding memorandum of understanding establishing a strategic partnership. Animoca Brands will invest $100 million in $DDC to support its Bitcoin treasury. This move will accelerate $DDC's Bitcoin accumulation strategy, positioning Bitcoin as a key component of contemporary corporate finance strategies and providing a blueprint for listed companies to adopt digital assets. [Odaily Planet Daily]
Next news:The Ethereum Foundation has published an article outlining the future development goals of the ecosystem. As stated in the Ethereum Foundation's recent vision statement, there are two main goals:
1. Maximize the number of people who (directly or indirectly) use Ethereum, enabling them to benefit from Ethereum's underlying value.
2. Maximize the resilience of Ethereum's technological and social infrastructure.
The Ethereum Foundation is creating four new teams to drive key adoption channels:
1. Enterprise Relations: Tailor clear resources and guidance for enterprises adopting Ethereum.
2. Developer Growth: Engage, mentor, and support the next generation of Ethereum builders.
3. Application Relations and Research: Accelerate meaningful, user-facing Ethereum applications.
4. Support Project Founders: Provide non-financial support, feedback, introductions, operational expertise, and guidance.
The Ethereum Foundation will continue to establish three teams dedicated to coordinating the financial support required for the Ethereum ecosystem plan:
1. ESP/Grant Support: The grant program will undergo significant adjustments, focusing on more targeted applications and non-financial support. This team will support EF teams in carrying out grant programs, assist in reviewing some grant applications, and manage relationships with grantees.
2. Ecosystem Grant Program: Co-fund important public goods organizations that benefit the broader Ethereum ecosystem.
3. Launchpad: Assist organizations in addressing operational design, sustainable financing, governance, and other challenges. Launchpad supports startups, grantees, or other ecosystem organizations derived from the Ecosystem Foundation (EF). [Odaily Planet Daily]
Next news:pump.fun has announced the acquisition of wallet tracking tool Kolscan. Kolscan tracks the wallet activity of top on-chain traders in real time, providing transaction dynamics, token profit and loss data, and leaderboard functions. pump.fun stated that this integration will bring a better product experience to users of both parties and is expected to create a new on-chain trading experience, reshaping the relevant ecosystem. [Odaily Planet Daily]
Next news:On July 10, according to official news, Solana treasury company DeFi Development Corp. (Nasdaq: $DFDV) announced an increase of 153,225 $SOL, worth approximately $23.72 million, bringing its total holdings to 846,630 $SOL ($133.1 million). [Deep Tide TechFlow]
Next news:Kraken has announced that it has officially registered with the National Securities Commission (CNV) of Argentina as a Virtual Asset Service Provider (VASP), enabling it to operate in full compliance with local regulations. It has also enabled local currency exchange systems in Argentina and Mexico, allowing customers in these two countries to now deposit local currencies ARS and MXN through domestic payment methods to access Kraken's full suite of crypto services. [Foresight News]

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.