Core

Bittensor

Jupiter

Internet Computer

Bitget Token

Over the past few years, cryptocurrencies have flourished , creating several paths for new business opportunities. Over a thousand companies have debuted in the crypto sector with many debutants bowing out early.
Paradigm, a crypto investment firm, has structured a plan to raise as much as $850 Million in fresh funding after Bitcoin (BTC) recovery. In March 2024, BTC traded at its all-time high of $73,750.
The firm aims to attract at least $750 Million. On November 15, 2024, Paradigm raised $2.5 Billion.
According to RootData, Optimism, Blast, Flashbots, Amber Group, UniSwap, Lido, Magic Eden, StarkNet, and Blur, among several other firms, secured funding from Paradigm.&nbsp;
Paradigm was co-founded by Matt Huang and Fred Ehrsam in 2018 in the United States. According to the available information, FTX, now a bankrupt centralized cryptocurrency exchange, has received funding from Paradigm.
Matt Huang claimed to be in close contact with <a href="https://www.thecoinrepublic.com/2024/01/17/parents-of-sam-bankman-fried-seek-dismissal-of-ftx-lawsuit/" rel="noopener noreferrer nofollow">Sam Bank Fried</a>. However, he never publicly certified his relations. He was also part of the team that invested $278 Million in SBF’s ventures.
Not only Paradigm but dozens of other venture capital firms have lost their funds following the sudden demise and bankruptcy of FTX. The founder of the crypto exchange was sentenced to 25 years in jail.
<h2 class="wp-block-heading" id="strong-quarterly-crypto-funding-overview-strong">Quarterly Crypto Funding Overview&nbsp;</h2>
From the beginning of 2024 till March 31, 2024, around 448 rounds of funding were organized, in which collectively, the fund seekers secured $2,605,091,315. Compared to the last quarter of 2023, Q1 2024 received less funding, but more funding rounds were organized.
YTD, 126 projects raised funds in their seed round, 63 Strategic, 42 Pre-Seed, and 40 others. Since the beginning of 2024, Animoca Brands has funded eight infrastructure projects: DeFi 1, NFT 2, Games 7, and Social &amp; Entertainment.
The funding in crypto grew more than 12% in the past 180 days, and the total number of rounds was 736. Dogwifhat (WIF) debuted a few months ago, trading at $3.91 at the time of writing.
<h3 class="wp-block-heading" id="strong-crypto-market-price-overview-strong">Crypto Market Price Overview&nbsp;</h3>
After enjoying high rides since the beginning of 2024, in the past 48 hours, the crypto market capitalization fell significantly. However, market capitalization increased by 51% in the past three months and rose by 128% in the past six months.
The fear and greed index powered by the CoinMarketCap reflects greed in the market. Most of the time, it is observed that when greed surges in the market, some specified tokens/coins decline.&nbsp;
Flare (FLR) Added 28.29% to its trading price in the past 24 hours, which makes it the leader of the list. Bitget Token (BGB), Bittensor (TAO), Near Protocol (NEAR), Internet Computer (ICP), and Jupiter (JUP) flourished significantly.
Although the weekly gainer’s list is led by Core (CORE), as its price grew more than 240%, Bitget Token (BGB) by 40.22%, and Ethena (ENA) by 30.20%.&nbsp;
<h5 class="wp-block-heading">Disclaimer</h5>
The views and opinions stated by the author or any other person in this article are for informational purposes only and do not constitute financial, investment, or other advice.

Crypto Investment Firm Paradigm Ready to Raise $850 M- Report

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Thecoinrepublic.com

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