Rails, Yupp, Beam, Frachtis, Interface Labs, Gradient Network, Story, Blueprint Finance and Units Network headline the latest VC Roundup. Venture capital funding in the crypto industry has shown signs of stagnation in recent months, with some firms struggling to close new funds — a trend highlighted by Sarah Austin, co-founder of the real-world asset (RWA) platform Titled, which raised a $1.3 million seed round earlier this year. Despite this challenging macro environment, “Blockchain infrastructure remains the lead story in the crypto space,” said Kaden Stadelmann, chief technology officer at Komodo Platform. He noted that the key crypto themes still attracting investment include AI, decentralized physical infrastructure networks (DePIN), tokenization, payments and RWAs. In June, several high-profile funding deals reflected this continued interest, with decentralized finance (DeFi), trading platforms, pre-seed growth funds and projects at the intersection of digital assets and artificial intelligence all sec...
The death toll from catastrophic floods in Texas reached at least 67 on Sunday, including 21 children, as the search for girls missing from a summer camp entered a third day. Larry Leitha, the Kerr County Sheriff in Texas Hill Country, the epicentre of the flooding, earlier said that the death toll in Kerr County had reached 59, including the 21 children. Leitha said 11 girls and a counsellor remained missing from a summer camp near the Guadalupe River, which broke its banks after torrential rain fell in the central Texas area on Friday, the US Independence Day holiday. A Travis County official said four people had died from the flooding there, with 13 unaccounted for, and officials reported another death in Kendall County. The Burnet County Sheriff’s office reported two fatalities. A woman was found dead in her submerged car in the city of San Angelo in Tom Green County, the police chief said. Leitha said there were 18 adults and four children still pending identification in Kerr County. He did not say if th...
ISLAMABAD: The Pakistan Meteorological Department (PMD) has issued a warning for widespread rain, wind, and thundershowers expected across several regions of the country from the night of July 06 to July 10. According to Pakistan’s state-run news agency, the APP, the wet spell is likely to bring heavy to very heavy rainfall at various locations, […]