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Crypto OTC settlement platform BridgePort completes $3.2 million seed round
07-08 06:00

Odaily News The cryptocurrency over-the-counter settlement platform BridgePort has completed a $3.2 million seed round of financing, led by Further Ventures, with participation from Virtu, XBTO, Blockchain Founders Fund, Fun Fair Ventures and Humla Ventures. The company plans to enhance its collateral and credit capabilities in subsequent updates. The company provides a middleware solution that connects exchanges, custodians and trading firms. The solution aims to optimize capital allocation and post-trading processes through real-time messaging and collateral management, while addressing issues such as pre-funding requirements, credit risk and settlement inefficiencies. (Techinasia)

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Planet Morning News | August 3
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Sam Altman: The new model is expected to be released in the coming months, but there may be a capacity crisis during this period
A whale's 10x leveraged long position in DOGE was partially liquidated, resulting in losses exceeding $3 million.
BMNR, the largest Ethereum holder, saw a floating loss of over 9% of its holdings, totaling nearly $200 million.
The whale "sets 10 major targets first" and switches from short position to long position, opening a 5x leveraged BTC long position at $112,891.
"Big Brother Maji" closed his long position in PUMP, resulting in a total loss of $9.94 million in contracts and spot trading.
Planet Morning News | August 3