43 Weekly Crypto News and Venture Deal Summary: May 6, 2024Blockchain Networks:Sui Network Surpasses Solana in Daily Transactions:#SuiNetwork has overtaken Solana in daily transactions. However, doubts have arisen due to the launch of the SPAM token on Sui, which incentivizes users to conduct transactions—raising skepticism about the authenticity of these figures. Despite having only 60,000 active wallets compared to Solana’s 1.1 million, Sui’s Total Value Locked (TVL) has surged by over 120% this month. This development has been a major topic in Weekly Crypto News and is closely monitored by analysts involved in any upcoming Venture Deal activity related to layer-1 blockchains.Bitcoin Achieves One Billion Transactions Milestone:Bitcoin’s blockchain has officially processed its one billionth transaction, a historic feat 15 years after its launch. This achievement occurred in block 842,241. Averaging 178,475 transactions per day, #Bitcoin continues to reinforce its dominance in the market. The milestone is featured across Weekly Crypto News platforms and highlights Bitcoin’s growing role in shaping institutional and Venture Deal strategies in crypto infrastructure.Vodafone to Integrate Crypto Wallets into SIM Cards:#Vodafone is stepping into the blockchain space with plans to integrate Crypto Wallets into SIM cards. This ambitious move involves embedding cryptographic features directly into mobile devices, allowing secure, automated transactions between machines and devices. This innovation could redefine mobile-based Crypto Wallets and is expected to attract significant Venture Deal interest. It’s a highlight of this week’s Weekly Crypto News, showing how telecom giants are tapping into blockchain adoption.Read More CryptoNews: Notcoin Launching Day | Riding the FTM/USDT Bullish Wave | Sam Bankman-Fried Appeals 25-Year Prison SentenceKey Venture Deals:Mitosis Raises $7M for Modular Liquidity Protocol: #Mitosis secured $7 million in funding to develop its modular liquidity protocol, led by Amber Group and Foresight Ventures. The ecosystem, consisting of Layer 1 and Vaults, aims to redefine liquidity management across multiple networks.**X10 Raises $6.5M for Hybrid Crypto Exchange: ** #X10 a hybrid exchange, raised $6.5 million to combine CeFi and DeFi advantages. With a focus on transparency and security through on-chain validation, X10 aims to provide a holistic trading experience.Holograph Secures $3M to Expand Omnichain Gaming: #Holograph raised $3 million to enhance its protocol for gaming and asset distribution across chains. This funding will support game studios in launching assets on multiple #Ethereum Virtual Machine chains. Weekly Venture Deal Insights:25 deals closed last week.Infra sector leads with 13 deals (52% of total).Total funding raised: $141.5M, with Infra raising $86.8M (61% of total).Weekly fundraising remained steady, up 112.5% YoY.Stay tuned for more updates in the crypto venture space.
