Latest news with #ElectricCapital
Yahoo
4 days ago
- Business
- Yahoo
Hyperbeat Secures $5.2M Backing From ether.Fi, Electric Capital
Hyperbeat, a protocol powering yield infrastructure on the Hyperliquid decentralized exchange, has closed a $5.2 million oversubscribed seed round co-led by Ventures and Electric Capital. The raise will be used to build out their yield infrastructure for traders, protocols, and institutions that are tapped into the Hyperliquid ecosystem. The round also drew investments from Coinbase Ventures, Chapter One, Selini, Maelstrom, Anchorage Digital, and community backers via the HyperCollective. Hyperbeat serves as the native yield layer for Hyperliquid, building permissionless financial infrastructure that allows anyone to earn, stake, and spend directly from their on-chain portfolio. It unlocks yield generated by Hyperliquid's funding rates—previously accessible only to sophisticated market participants—and packages it into simple, tokenized vaults. Core products in the Hyperbeat ecosystem include beHYPE, a liquid staking token, Hyperbeat Earn, high-yield vaults on HyperEVM, Morphobeat, a credit layer enabling borrowing against vault positions, and Hyperbeat Pay, a protocol alternative to traditional banking rails. Together with its portfolio tracker, Hyperfolio, Hyperbeat is designed to give traders, protocols, and institutions a fully integrated way to trade, earn, and spend on-chain The news of the seed raise comes as Hyperliquid's total value locked surpasses $2.1 billion, and as institutions are starting to develop greater interest in its ecosystem. 'Hyperbeat blends strong technical execution with an authentic understanding of the Hyperliquid community,' said Avichal Garg, a general partner at Electric Capital that co-lead the round, in a press release shared with CoinDesk. 'Hyperliquid has fundamentally shifted trading on-chain, and Hyperbeat is building the rest of the financial stack—starting with liquid staking, isolated lending, strategy vaults, and portfolio tools.'Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Insider
7 days ago
- Business
- Business Insider
180 Life Sciences Stock (ATNF) Rockets 80% on $350M Ethereum Purchase
180 Life Sciences (ATNF) stock soared on Tuesday after the former biotechnology company announced its acquisition of $349 million in Ethereum (ETH). It now holds 82,186 Ether, which were bought at an average price of $3,806.71 per token. The company also noted that it still has roughly $238 million in cash equivalents. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. 180 Life Sciences' latest Ethereum purchase was part of its effort to become a crypto holding company. That's resulted in it using funds from private investments to build an ETH treasury. 180 Life Sciences has also revealed that it plans to rebrand to reflect this change, ditching its current name in favor of ETHZilla. The company will pursue a differentiated yield generation program designed to outperform traditional ETH staking via a partnership with crypto-focused venture capital firm Electric Capital. McAndrew Rudisill, Executive Chairman of 180 Life Sciences, said 'we believe that this reserve of ETH will unlock cash flow for our shareholders as we seek to deliver on our on-chain yield generation program through our external asset manager Electric Capital.' 180 Life Sciences Stock Movement Today 180 Life Sciences stock was up 78.74% on Tuesday, following an 11.33% rally yesterday. The shares have also increased 83.52% year-to-date and 91.95% over the past 12 months. Today's news brought heavy trading to ATNF stock, as some 33 million shares changed hands, compared to a three-month daily average of about 4.78 million units.
Yahoo
30-07-2025
- Business
- Yahoo
New Ether Treasury Firm 'ETHZilla' Emerges With $425M Funding and a DeFi Twist
Nasdaq-listed biotech firm 180 Life Sciences (ATNF) is set to rebrand as ETHZilla after securing $425 million in private funding to pivot toward an ether-focused treasury strategy. The transaction, structured as a private investment in public equity (PIPE), is expected to close by Aug. 1, the company said in a press release. It's backed by sixty institutional and crypto-native investors, including Polychain Capital, Electric Capital, GSR, and founders of major Ethereum-based platforms like Lido, Frax and EigenLayer. The company plans to use the bulk of the funds to accumulate ether (ETH) as its core treasury asset and generate higher yields than with traditional staking. Electric Capital will serve as ETHZilla's external asset manager. The company will leverage its holdings through an on-chain yield generation program that combines staking, lending and liquidity provisioning. ETHZilla will also launch along with a 'DeFi Council' made up of Etherealize and other DeFi players to offer the company input on how to better monetize its ETH treasury. "Our strategy at closing aims to allow investors to access exposure to a strong-yield potential ecosystem at the heart of the stablecoin and tokenized asset markets," said McAndrew Rudisill, who is expected become chairman of the company after the deal's closing. "We expect to assemble an incredible team of well-regarded veterans across traditional finance and decentralized finance (DeFi) to help guide this new chapter." The firm joins a growing list of publicly-traded companies betting on ETH. These companies, coupled with DeFi treasuries, have accumulated a total of $9.5 billion worth of the cryptocurrency, equivalent to around 2% of its total supply, data from StrategicEtherReserve shows. 180 Life Science's shares are down 7% after the opening bell to $2.69. Sign in to access your portfolio
Yahoo
01-07-2025
- Business
- Yahoo
Early Solana investor Kyle Samani on challenging Ethereum
Early Solana investor Kyle Samani on challenging Ethereum originally appeared on TheStreet. After years of building through a brutal bear market and a near-fatal association with FTX, Solana is having a moment and potentially on the verge of becoming the next crypto to win SEC approval in the U.S. for a slew of ETFs. According to early Solana investor and co-founder of Multicoin Capital Kyle Samani, the recent growth has not only cemented Solana as the next great crypto contender — it's put it on an inevitable path to flip Ethereum. "For a long time, if you were in crypto, it seemed impossible for anyone to get there because Ethereum was so dominant," he tells Coinage. "The reality is that [the] Ethereum guys just totally missed the mark. They didn't scale, gas fees spiked through the roof, people got really pissed and they said, 'OK, these guys don't care about my user experience. I'm going to go elsewhere.' And Solana was really the primary beneficiary of that." The numbers seem to reflect that. (Solana's price has outperformed Ethereum's by a margin of 10:1 since the start of 2023.) But, it's not even Solana's incredible 1,451% rally from the depths of the post-FTX crash crypto winter that seems most impactful for Samani, who seems just as bullish as he was when Multicoin led Solana's $20 million Series A in 2019. "Solana is now the leading ecosystem by number of [new] developers," he says, pointing to Electric Capital's latest report. While Ethereum leads on every continent in terms of overall developers, Electric Capital reported this was the first time since 2016 new developers on another chain flipped Ethereum. "This was completely implausible two years ago, and today Solana is number one on that metric." Of course, Coinbase's Ethereum Layer-2 has been working hard to counteract that trend. Base Lead Jesse Pollak recently joined Coinage to explain how Base has been able to leverage Coinbase's existing distribution to grow users and developers. That battle is likely to remain fierce as the size of the prize shifts from retail to institutions looking at options to bring assets, including potentially stocks and stablecoins, onchain. Samani has become one of the loudest voices in the Solana community to take issue with Base being a centralized way to scale Ethereum, often repeating on X that "the future of Ethereum is Coinbase." Pollak has insisted that Base has plans to lean into decentralization in the future. (After hearing both sides, Coinage's decentralized membership crowned Solana as our Crypto Project of the Year in 2024 — and have explored both via our latest $PLYBTN memecoin experiment.) But on the precipice of monumental change looming in Washington D.C., the size of the pie is set to grow incredibly quickly. As Coinbase makes its own push, other crypto exchanges, like Kraken, have pursued tokenized stock trading on Solana for non-U.S. users. And now, prediction markets for all kinds of things are giving rise to the idea that there can be bets instantly settled between any users anywhere in the world. Kalshi, for example, just raised another $185 million to cross a $2 billion valuation (Multicoin joined the round.) 'People are going to predict and bet on event contracts and event outcomes in every single country around the world. And I think the only path for someone like Kalshi to get there is on something like Solana," Samani said. But it doesn't even necessarily need to be that new markets come onchain. Maybe just boring old dollars would do just fine. With legislation like the GENIUS Act and new institutional on-ramps gaining momentum, Samani sees the potential for a tenfold increase in crypto's market cap in short order. 'To go from $3 trillion to $50 trillion over the next decade? Like, that's the kind of scale we're talking about,' he said. With other DePIN projects, like mapping project HiveMapper and decentralized mobile provider Helium also scaling quickly, Samani says its Solana incubating the right ecosystem projects that will also continue to help it scale across more than just memecoins. "I'm so grateful to the Solana community and the teams who have made it all happen, he said, reflecting on Solana's rise since the fall of FTX. "It was a really dark time ... and they they stuck it through. And now they're being rewarded for for that conviction." Early Solana investor Kyle Samani on challenging Ethereum first appeared on TheStreet on Jun 30, 2025 This story was originally reported by TheStreet on Jun 30, 2025, where it first appeared. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
18-04-2025
- Business
- Yahoo
Down 87%, Shiba Inu Is Plummeting: Is It a Better Buy Than Bitcoin Right Now?
Shiba Inu (CRYPTO: SHIB) has amassed a following among a certain group of cryptocurrency enthusiasts who value community and follow the hype. It probably helps that Shiba Inu's price has climbed astronomically since its launch in August 2020, despite the extreme volatility. As of April 17, this meme token is trading for a gut-wrenching 87% below its all-time high. That record was established in October 2021, at the tail end of a strong run for both stocks and cryptocurrencies. Speculative investors could be eyeing the current situation as an opportunity to be more aggressive. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » But is Shiba Inu a better buy than Bitcoin (CRYPTO: BTC), the world's oldest and most valuable cryptocurrency, right now? It's time to compare the two digital assets. Shiba Inu currently carries a market cap of about $7 billion. To its credit, a Layer-2 scaling solution called Shibarium was launched to enable faster and cheaper transactions. There are also metaverse updates in the works. Although it has a relatively large market value, the cryptocurrency doesn't have any competitive strengths. It was built on top of the Ethereum network, meaning it doesn't stand out from a technical perspective. And according to venture firm Electric Capital, Shiba Inu doesn't even crack the top-100 list of cryptos with the most developers working on them. Given that there are more compelling blockchains out there, especially for decentralized applications, Shiba Inu's real-world utility probably isn't anything to write home about. For example, the network had just $10 million in total value locked on ShibaSwap, its decentralized exchange. That places Shiba Inu 138th on the list of DeFi protocols. The price has moved based on various hype cycles, which presents a very risky proposition for true investors. Crypto industry observers will point out that perhaps having a strong fan base counts as having fundamental value, as cryptocurrencies depend on their communities of supporters to keep them relevant. This argument is valid, I think, but eventually the excitement will fade away unless there are positive developments. We're seeing this play out right before our eyes. Shiba Inu's price has experienced some short-lived run-ups in the past year or so. These were followed by drastic price declines. The fact that the token continues to trade substantially below its peak is an indication that investors are losing interest. Competition plays a part here, too. There are a large number of cryptocurrencies out there, with new ones being created all the time. Market participants interested in betting on short-term price movements will always gravitate to whatever is hot at any particular point in time. Bitcoin stands head and shoulders above Shiba Inu. The former has a fixed supply cap of 21 million coins, supporting its impressive scarcity. The latter has more than 589 trillion tokens in circulation, a staggering figure that ongoing coin-burning activities are barely putting a dent in. Bitcoin is fully decentralized, with no single entity in control. And it's becoming a more widely accepted store of value and investable asset. Some of the largest asset managers offer spot Bitcoin exchange-traded funds (ETFs) to their customers. Companies are building products and services that support a growing financial ecosystem that enables Bitcoin use. Even the White House announced the creation of a Strategic Bitcoin Reserve, underscoring the importance of owning this asset. Shiba Inu's price could soar at any moment, but it's not a smart long-term investment for your hard-earned savings. A decade from now, Shiba Inu might not even exist. The price might keep heading lower toward irrelevance. Bitcoin, on the other hand, has the durability, track record, and regulatory buy-in that should drive its price higher in the future. Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $518,599!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $640,429!* Now, it's worth noting Stock Advisor's total average return is 791% — a market-crushing outperformance compared to 152% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 14, 2025 Neil Patel and his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin and Ethereum. The Motley Fool has a disclosure policy. Down 87%, Shiba Inu Is Plummeting: Is It a Better Buy Than Bitcoin Right Now? was originally published by The Motley Fool Sign in to access your portfolio
