Berachain Raises $100M

Alpha Team
April 12, 2024

💼 Berachain's Major Funding Round

Series B Funding Success: Berachain has raised $100 million in a Series B funding round, exceeding initial expectations by 45%, with significant backers including Brevan Howard Digital and Framework Ventures.

Expansion Plans Outlined: The funds are earmarked for expansion into key regions like Hong Kong, Singapore, Southeast Asia, Latin America, and Africa, bolstering its community-centric blockchain approach.

Crypto Market Reinvigoration: This funding reflects renewed interest in crypto startups, with a substantial increase in venture capital investment noted in the first quarter, culminating in a record-setting March. Read More.

️ On today's Top Picks:

⚖️ Sam Bankman-Fried files to appeal conviction.
🪂 Omni Network introduces $OMNI token & airdrop.
🗡️ Scammers use Denial-of-Service to bypass security.
🔓 Starknet $STRK token unlock worth ~$117M.

Read time: ⏰ 6 minutes

Crypto News

• Hong Kong to potentially approve Bitcoin $BTC & Ethereum $ETH ETFs next week.

• US Senate Majority Leader reportedly met with key House negotiators to discuss stablecoin legislation.

• ⭐️ Sam Bankman-Fried files to appeal his conviction & sentencing.

• Craig Wright drops appeal for 2022 loss of defamation case.

• Pac Finance adjusts contract function causing ~$26M in liquidations.

Alpha

• EigenLayer to remove all LST caps and unpause deposits starting April 16th.

• LayerN launches Public Testnet Phase 1 with interactive quests on Galxe.

• Polymer Labs posts, "Phase 2 coming soon... Stay tuned 🤫" on X.

• Squid posts, "Something sovereign, coming soon 🫴" on X.

• Pooly lauches Defend Uniswap Labs NFT on Zora.

Airdrops

• ⭐️ Omni Network introduces $OMNI token and airdrop eligibility details.

• Avail $AVAIL airdrop eligibility requirements allegedly leak on X.

• Parallel Network posts points and airdrop details on X.

• ICYMI Plena Airdrop Strategy by Earndrop.

• Top Airdrop Odds in the next 80 days by Polymarket.

Finance News

• Ark Invest sells an additional ~$20M of Coinbase $COIN shares.

• Amazon $AMZN Web Services owes Kove $525M for violating its patent rights.

• Biden administration to forgive $7.4B in student debt for ~277K borrowers.

• UniCredit receives approval from European Central Bank for $3.3B share buyback.

Security and Exploits

• ⭐️ Scammers are using Denial-of-Service (DoS) attacks to bypass wallet security.

• Nirvana Finance & Crema Finance hacker sentenced to 3 years in prison.

• Apple Updates spyware alert system to warn victims of mercenary attacks.

Token Unlocks

• CyberConnect / 886.12K $CYBER / ~$12M / APR 14
⭐️ • Starknet / 64M $STRK / ~$117M / APR 14

Funding

• ⭐️ Berachain, an EVM-equivalent L1; raises $100M in Series B funding co-led by Brevan Howard Digital & Framework Ventures.

• Azuro, an infrastrucutre & liquidity layer for predictions & games; raises $3.5M in Pre-Launch funding.

• Mayan, a cross-chain auction protocol; raises $3M in Seed funding co-led by 6MV & Borderless Capital.

• BounceBit, a Bitcoin restaking CeDeFi infrastructure; raises an undisclosed amount from Binance Labs.

• Sharpe AI, an AI-powered Crypto Super App; raises an undisclosed amount in Seed funding.

• Warpcast to give $50K to OSS projects that help the Farcaster ecosystem.

The Degen Farmer

Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!

PROTOCOL	ASSETS	APY
Merkle Trade (Aptos)	ZUSDC	250.21%
Aerodrome (Base)	USDCSTAR	80.07%
Extra Finance (Base)	WUSDRUSDBC	69.04%
Cetus (Sui)	USDYUSDC	52.71%
Morpho Blue (Ethereum)	USDEDAI	49.39%
Blast Futures (Blast)	USDB	47.88%
Velodrome V2 (Optimism)	USDCDOLA	45.34%
Aura (Ethereum)	GHOUSDCUSDT	40.55%

. . .

Plena SuperApp Wallet: A road to TGE!

Plena is a "Superapp Wallet" that uses account abstraction (self-custodial), and their TGE is close.

You can do what you'd expect from a mobile wallet: import/create seeds, buy/sell, invest in strategies.

Plena is having an airdrop campaign before their TGE later this month 🪂. They partnered with Galxe to airdrop $PLENA to community members who complete their tasks.

How to?: Go into Galxe and follow the tasks. We are currently in week 5 of 8, so there's still time to get in!

👉 Get $PLENA by doing Galxe tasks

. . .

That’s it for today’s edition! See you soon.

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