Swiss Crypto Bank Sygnum Inches Closer to 'Unicorn' Status With $40M Raise
The company said that its initial target for the funding round was $35 million.
24H Price
The Status price is $0.03696885, a change of 0.52% over the past 24 hours as of 3:08 p.m. The recent price action in Status left the tokens market capitalization at $146.41M. So far this year, Status has a change of -17.48%. Status is classified as a Currency under CoinDesks Digital Asset Classification Standard (DACS).
The company said that its initial target for the funding round was $35 million.
"You have people talking about bitcoins, about equity, being the safe asset," El-Erian told CNBC.
The decline in activity in the network is partly because of the adoption of layer 2 networks, and the trend will continue in the near term, according to IntoTheBlock.
Not raising rates now may make it more difficult later, some analysts say.
Evan Zinaman breaks down why the government’s indictment of the Bueno brothers for their $25 million MEV exploitation is a “vanilla fraud,” but still may shed light on potential compliance considerations for block-building participants. Read more...
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