Search results for Dragonfly Capital
Crypto
AI trading bots in crypto draw buzz, but experts urge caution
AI trading bots are emerging as a new trend in the cryptocurrency market, with claims spreading that automated bots using Anthropic\'s Claude generated millions of dollars in profits. Major AI companies do not officially support such use. Experts say the boom is exaggerated and point to structural limits. They cite legal liability risks, the ability of institutions to copy strategies at scale, and limited differentiation among similar models.
Crypto
MegaETH mainnet to launch on Feb. 9, hit 35,000 TPS in tests
Ethereum layer-2 solution MegaETH will launch its mainnet on Feb. 9. Cointelegraph reported on Jan. 29 that MegaETH processed 35,000 transactions per second in a seven-day global stress test and recorded 1.07 billion transactions. During the test, it opened the mainnet to some users and checked performance as developers pushed the chain to its limits from the backend. MegaETH has support from Vitalik Buterin and Joe Lubin and has received investment from crypto venture capital firms including Dragonfly Capital and Figment Capital. It raised $500 million in a pre-deposit sale last November but later returned the funds due to technical and operational problems.
Crypto
Crypto payments startup Mesh raises $75 million, reaches unicorn status
Crypto payment infrastructure firm Mesh raised $75 million in a Series C funding round led by Dragonfly Capital, Cointelegraph reported on Jan. 27 local time. Paradigm, Moderne Ventures, SBI Investment, Coinbase Ventures and Liberty City Ventures also participated. Mesh was valued at $1 billion. The company said part of the investment was paid in stablecoins and the funds will be used to expand its network into Latin America, Asia and Europe and accelerate product development.
