💰Wormhole Closes Largest 2023 Crypto Raise With $225M

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Wormhole, the cross-chain interoperability protocol, closed the largest crypto funding round of 2023 by securing $225M at a $2.5B valuation.

In other news, opBNB activity is surging, Polkadot's Web3 Foundation is investing $1M in on-chain treasury bonds, dYdX kicked of its rewards campaign, Iota is pivoting to the Middle-East, Aave's GHO stablecoin is reclaiming its peg, and Stellar onboarded EURS.

Plus, the U.S. Treasury Department has sanctioned the crypto mixing protocol, Sinbad.

✍️ In today’s newsletter:

Wormhole raises $225M
OpBNB activity spikes
Web3 Foundation invests in U.S. treasuries
DYdX launches trading rewards
IOTA rallies on major pivot
GHO trends towards peg
Stellar onbaords EURS
Sinbad mixer sanctioned

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Check out our recent interviews with Ethereum's chief scientist, Vitalik Buterin, and MakerDAO's co-founder, Rune Christensen, from the Devconnect conference in Istanbul. And watch our podcast with David Gogel of the dYdX Foundation to find out why his team migrated from an Ethereum Layer 2 to a Cosmos appchain.

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