Bitcoin DeFi developer ALEX completes US$10 million in strategic financing, led by Spartan Capital
PANews reported on March 26 that Bitcoin DeFi developer Automated Liquidity Exchange (ALEX) announced that it had successfully completed $10 million in strategic financing. This round of financing was led by Spartan Capital, with participation from CMS Holdings, DACM, DWF Labs, Foresight Ventures, G-20 Group, Ouroboros Capital, Summer Capital, Cultur3 Capital and EVG. ALEX plans to use the funds to continue developing its Bitcoin-specific decentralized finance layer on Stacks, the second layer of the Bitcoin network.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
From "whoever pays gets it" to "only the right people get it": The next generation of Launchpads needs a reshuffle
The next-generation Launchpad may help address the issue of community activation in the cryptocurrency sector, a problem that airdrops have consistently failed to solve.
After bitcoin returns to $90,000, is Christmas or a Christmas crash coming next?
This Thanksgiving, we are grateful for bitcoin returning to $90,000.
Bitcoin security reaches a historic high, but miner revenue drops to a historic low. Where will mining companies find new sources of income?
The current paradox of the Bitcoin network is particularly striking: while the protocol layer has never been more secure due to high hash power, the underlying mining industry is facing pressure from capital liquidation and consolidation.
Trending news
MoreCrypto prices
More
