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AI & Enterprise

Flux raises $37 million to automate PCB development with AI

Flux, a company developing an automated platform for printed circuit board design, has raised $37 million. SiliconANGLE reported the funding includes a Series B round led by 8VC and a $10 million seed round joined by Outsiders Fund and Bain Capital Ventures. Flux said its AI platform can generate PCB designs, recommend components and suggest cost reductions, and also supports firmware development, testing and code generation.

Crypto

Terraform Labs liquidator sues Jane Street, alleging insider front-running

Todd Snyder, the court-appointed liquidator of Terraform Labs, sued Jane Street, co-founder Robert Granieri and two employees in New York federal court. The Wall Street Journal reported the suit alleges they used material non-public information obtained from a Terraform insider to execute front-running trades, profit and accelerate Terraform’s collapse. The complaint says Jane Street set up a private channel via former Terraform intern Bryce Pratt and accessed confidential information.

Crypto

Magic Eden to close bitcoin and EVM marketplaces in March, end multichain wallet in April

NFT marketplace Magic Eden will close its bitcoin and EVM marketplaces and end multichain wallet support. Blockspace reported the bitcoin and EVM marketplaces will end service in the first week of March. The multichain wallet will move to export-only mode from mid-March and will be fully discontinued in early April. Support for Solana NFTs and assets will continue. Magic Eden was once a major trading platform for Bitcoin Ordinals.