$2B of Silk Road's Bitcoin Transferred by the Feds

Uniswap Integrates With Blast, Paradigm To Raise Up To $850M

Welcome to Coinfeeds Daily Digest! Today we cover the venture firm Paradigm looking to raise between $750M and $850M for its new mega crypto fund that would be the largest fund created since the last market crash. Uniswap announced that it integrated with the layer 2 network Blast for potentially reduced fees and better (native for Ether and USDB) yields, and Telegram's Toncoin integration for ad purchases has greatly spiked the daily activity on TON. Also, the FixedFloat exchange went offline after seeing $3M in suspicious transactions and being explored by CertiK, and the feds have moved $2B in Bitcoin that was seized from the Silk Road.

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U.S. Transfers $2B of Bitcoin Seized From Silk Road

The U.S. government has recently transferred a massive amount of Bitcoin, originally seized from the Silk Road, to a Coinbase wallet. This transfer involved 30,175 bitcoins, which at the time were valued at approximately $2 billion. This action follows a previous sale in March 2023, where the government sold 9,861 bitcoins for $216 million. | Read More

Paradigm to Raise Up To $850M To Launch Mega Crypto Fund

Paradigm, a leading Web3 venture firm, is making headlines with its ambitious plan to launch a new crypto venture fund. The company is reportedly in discussions to raise between $750 million and $850 million, which, if successful, would mark the largest fund of its kind since last year. In November 2021, Paradigm established a $2.5 billion venture fund, which was among the largest of its time. | Read More

Uniswap Goes Live On Blast

The integration between Uniswap and Blast allows users to seamlessly swap and provide liquidity on the Blast network directly through the Uniswap interface. This is particularly noteworthy because it introduces the ability for users to earn native yield on liquidity provider (LP) positions for the first time on Uniswap, thanks to Blast's innovative rebasing functionality. | Read More

Toncoin Benefits From Telegram's TON Integration For Ads

At the heart of Telegram's new advertising model is the use of Toncoin for all ad payments and crypto payouts. This strategic pivot not only enhances the platform's functionality but also significantly boosts the value and activity of TON on the blockchain. By integrating Toncoin into its advertising ecosystem, Telegram has created a circular economy that benefits advertisers, content creators, and the platform itself. | Read More

Bitcoin Lightning Exchange FixedFloat Saw $3M In Suspicious Transactions, Went Offline

FixedFloat, an exchange platform that leverages the Bitcoin Lightning network, has come under scrutiny due to a series of 'suspicious' transactions. Over $3 million worth of funds were transferred from the platform to the Ethereum and Tron networks. The incident came to light when security firm CertiK identified what they described as an 'exploit' involving large sums of money being moved in an unusual manner. | Read More