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, […]
It was 3:30am in Khokhar Mohalla, one of Hyderabad’s oldest neighbourhoods, when streams of women clad in black crossed security barriers on July 4. Some carried sleepy toddlers in their arms; others held the hands of young boys or walked alongside their husbands. Men and children also mingled in the growing crowd. They had come together for the cherished ritual of mannat at an Imambargah set in a modest house dating back to 1876. The passageway leading to the entrance was already packed with scores of women. “I couldn’t get in, but my son has gone inside,” said a young woman anxiously. Moments later, her son, Danyal, returned. “I saw the ziarat. Let’s go now,” he told his mother, who had brought him all the way from their home in Qasimabad to seek blessings. “We’re not Shia Muslims — we’re Maulaee,” she clarified with quiet pride, using a term that reflects deep devotion to the fourth caliph of Islam and his family, who were martyred in Karbala in 61 Hijri. The sea of women had gathered to perform the ritual...