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This week in cryptocurrency was a rollercoaster, especially with Meme Moguls Uniswap launch. This meme-based project initially drummed up significant excitement and saw a downturn in enthusiasm post-launch, prompting investors to seek more promising ventures with BlockDAG. The Uniswap Launch Letdown Investors piled into Meme Moguls with high hopes, propelled by the meme coin craze and the potential for substantial returns. However, the aftermath of its launch painted a different picture, with the initial buzz…

This new month has ignited a wave of market correction for many tokens in the cryptocurrency market. Most have already seen waning investor interest and some have registered a downturn in price. In this article, we delve into the markets of Solana (SOL) and Ripple (XRP) scrutinizing the behavior of its investors amidst these market conditions. However, our major focus is on the movement of big investments into the presale of Kelexo (KLXO), a decentralized peer-to-peer (P2P) lending protocol positioned to…

Happy Monday! Homegrown investment fund A91 Partners is once again upping the size of its latest India-dedicated fund, per sources in the know. Details of this and more in today’s super packed ETtech Morning Dispatch.Also in this letter:■ Cobranded credit cards under RBI lens■ BigBasket, Flipkart deliveries to pick up pace■ Byju’s clears February salary for some A91 Partners on track to raise its largest fund at $700-750 million (L-R) VT Bharadwaj, Abhay Pandey, and Gautam Mago, A91 PartnersA91 Partners, which has backed…

“Unfortunately like almost every woman in every industry I’ve been subjected to sexism, harassment and bullying ... ranging from been sexually assaulted at events, assumed I’m the junior at the fund I started because of my gender, and subject to a campaign of public bullying,” she said.“While it’s easier to be quiet, it doesn’t change anything, and so I’m still here banging the drum, not just for me but for everyone in this industry.”Stead said recent highly publicised incidents of alleged inappropriate conduct, which…

A fund managed by US-based asset manager Baron Capital Group has marked up the fair value of food-delivery platform Swiggy to $12.1 billion, 13% higher than the $10.7 billion valuation at which the Bengaluru-based firm last raised funds in 2022.Baron Capital, which participated in the $700 million funding round in January 2022, has raised the fair value of its holding in Swiggy for the third time. The latest valuation was ascribed to Swiggy as of December 31, 2023, as per US Securities and Exchange Commission filings.…

Throne, which lets fans gift items to creators from their wishlist, is launching a new gifting portal for family and friends called Happy Wishlist. However, the more interesting bit of the story is that last year, the company returned the money it had raised from investors and opted for the bootstrapped route. Starting Throne The startup was founded by Patrice Becker and Leonhard Soenke in 2021. The duo previously started the calendar management app Meeter, which was acquired by workflow automation startup Bardeen.…

A federal appeals court on Friday revived a lawsuit where investors accused Binance, the world's largest cryptocurrency exchange, of violating US securities laws by selling unregistered tokens that lost much of their value.In a 3-0 decision, the 2nd US Circuit Court of Appeals in Manhattan said investors in the proposed class action plausibly alleged that domestic securities laws applied because their purchases of tokens had become irrevocable in the United States once they paid for them.Elevate Your Tech Prowess with…

The Indian quick-commerce sector might see expansion into a much wider array of stock keeping units (SKUs), bringing it closer to ecommerce in the future, said Paul Hudson, founder of investment firm Glade Brook Capital.In a blog post on LinkedIn, Hudson wrote that the market is already moving in this direction with Blinkit and Zepto expanding their product assortment. The fund had backed Mumbai-based Zepto last year and invested in Blinkit’s parent company Zomato back in 2019.Elevate Your Tech Prowess with High-Value…

Indian-American businessman Vinod Khosla, who is the cofounder of Sun Microsystems and the founder of Khosla Ventures, has called out Elon Musk for suing OpenAI. He termed Musk's move "a case of sour grapes".Khosla has been an investor in OpenAI since 2019 when the company became "for profit". Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Professional Certificate in Product ManagementVisitIndian School of BusinessISB Product ManagementVisitIIM LucknowIIML…

Polygon (MATIC) is one of the prominent blockchains in crypto. Currently priced at $1.02 with a market cap of $10.046. The all-time high for Polygon was two years ago, in 2021. The highest price was $2.92. Since then, It has not observed an all-time high in 2 years. However, amidst the positive market momentum, MATIC’s daily chart displayed a red flag just as it was on the edge of breaking above a bullish pattern. This shift in momentum affected market sentiment, as evidenced by a decrease in the token’s…