Published on augustus 17, 2024, 12:25 am
Image source: Fox News
```json [ { "TLDR": "Crypto startup funding increased by over 2.5% in the second quarter despite a decrease in overall investment deals, reaching $2.7 billion. Tron network shows potential to surpass Ethereum's revenue and become 'most profitable blockchain.' Vessel secures $10 million in seed funding to advance DeFi using zero-knowledge tech. Coinbase challenges SEC with letter on national securities exchange definitions revisions. Ethereum hits milestone with 120 million tokens; staking activities highlight proof-of-stake model." } ] ```
Crypto startup funding has seen a notable increase of over 2.5% in the second quarter, as reported by Pitchbook data. Despite a decrease in overall investment deals, funding for crypto startups surged to $2.7 billion, hinting at growing optimism among crypto investors.
In another exciting development, the Tron network is emerging as a potential game-changer in the blockchain space. Surpassing Ethereum’s revenue over the last 90 days, Tron could potentially hit $2 billion in revenue by the end of 2024, positioning itself as what Justin Sun believes could be the “most profitable blockchain on Earth.”
Moreover, with $10 million in seed funding, Vessel aims to revolutionize DeFi by focusing on zero-knowledge technologies and addressing key challenges like liquidity fragmentation and cross-chain compatibility.
Coinbase has made strides by submitting a letter to the SEC concerning proposed revisions to national securities exchange definitions. The company insists that the SEC lacks vital information for an effective cost-benefit analysis and suggests starting over post-research for clarity.
Additionally, Ethereum’s Ether has reached a significant milestone with a total supply of 120 million tokens. The surge in staking activities further emphasizes Ethereum’s proof-of-stake consensus mechanism.
Despite some market downturns indicated by Cointelegraph Markets Pro and TradingView data, such as notable declines for Solana-based memecoin Dogwifhat (WIF) and the Brett (BRETT) token this week, developments within the crypto space remain dynamic and impactful.
This article offers insights into recent key events in decentralized finance and underscores the ongoing evolution within the cryptocurrency sector — a space that continually presents both challenges and opportunities for investors and enthusiasts alike.
Original article posted by Fox News
