Search results for Bain Capital Crypto
Crypto
Ground raises $3.6 million to offer API for onchain yield products
Ground, a startup founded by former Superstate co-founder Reid Cumming, has closed a $3.6 million pre-seed funding round. The company provides a platform that lets fintech firms and asset managers access onchain yield products through an API. The round was co-led by Bain Capital Crypto and ParaFi, with participation from Nascent, Robot Ventures, Chapter One and CoinFund Ventures. Ground supports protocols including Aave, Morpho, Maple and Kamino.
Crypto
Variational, Arbitrum-based derivatives startup, raises $50 million
Variational, an Arbitrum-based derivatives startup, has raised $50 million in a Series A round led by Dragonfly Capital. Bain Capital Crypto and Coinbase Ventures also participated, The Block reported. Co-founded by Lucas Schuermann and Edward Yu, the company focuses on bringing traditional finance dealer and exchange liquidity to on-chain trading and plans to offer a range of derivatives, including physical commodities. It plans to list more than 100 traditional finance products on-chain this summer.
Crypto
Binance sues Wall Street Journal for defamation, focusing on protecting user trust
Binance has filed a defamation lawsuit in New York against Dow Jones, the publisher of the Wall Street Journal. It claims a February WSJ report contained at least 11 false statements. The WSJ reported Binance fired staff who raised concerns over more than $1 billion in crypto transactions linked to Iran-related sanctioned entities. The case draws attention because New York has strong media protections and anti-SLAPP rules, raising the burden for a defamation claim.
