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Crypto

Tether, Gnosis co-lead seed investment in mobile crypto wallet Sorted

Tether and Gnosis co-led a seed round for Sorted Wallet, a non-custodial cryptocurrency wallet for mobile devices in emerging markets. The round totalled $4.4 million, with Tether and Gnosis investing $3.4 million in equity. Other participants included Movement, AngelInvestGroup and individual angel investors such as founders of RWA.io. Sorted plans to use the funding to expand in sub-Saharan Africa and South Asia and strengthen integrations with mobile carriers.

Crypto

New wallet takes 10x leveraged long bet on 20 million Dogecoin

A newly created cryptocurrency wallet has entered a 10x leveraged long position on 20 million Dogecoin, drawing market attention. The position size was about $2.25 million, with a tight liquidation band. On-chain data showed entry at $0.11335 per DOGE, while the displayed price was $0.11273, implying an unrealised loss of about $12,410. As DOGE fell to $0.11027, losses grew to about $60,724, with liquidation set at $0.10284.

Crypto

Japan\'s KDDI to take 14.9% stake in Coincheck Group for $65 million

Japan\'s telecommunications company KDDI will invest $65 million to acquire a 14.9% stake in Coincheck Group. CoinDesk reported that KDDI agreed to buy 28.5 million newly issued shares at $2.28 each, with the deal expected to close in June. The companies also signed a business partnership involving customer referrals, revenue sharing and referral fees, aiming to broaden crypto access in Japan by combining KDDI channels with Coincheck services.