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Crypto

Symbiotic launches Core V2, shifts beyond restaking to collateral market platform

Collateral market platform Symbiotic, which has received investment from Paradigm, has launched Core V2. The company said the upgrade formalises a shift from its origins as a restaking protocol to a collateral market. It said DeFi applications such as insurance pools, credit protocols and real-world asset vaults can share a common collateral base. Core V2 also aims to keep capital earning yield when not used as collateral by moving funds into major lending protocols and recalling them when needed.

Crypto

Privacy-focused AI startup Venice raises $65 million in Series A

Privacy-focused AI startup VeniceAI has raised $65 million in a Series A round. The Block reported that Dragonfly led the round, with North Island Ventures, Coinbase Ventures and F-Prime participating. Venice, launched two years ago, positions itself as an alternative to OpenAI\'s ChatGPT and says it does not store user prompts, encrypting them before sending them through an external proxy. It offers access to more than 200 AI models.

Crypto

Goldfinch decentralised credit protocol shifts to maintenance mode, halts development

Goldfinch, a decentralised credit protocol, is effectively moving toward shutting down after a token-holder vote. A proposal submitted by co-founders Mike Sall and Blake West cleared quorum by more than four times as of June 23, with about 1.1 million GFI tokens counted in favour and none against. If approved, Goldfinch will stop new protocol development and growth initiatives and focus on loan recovery and maintaining user access.