Wednesday, Apr 20th 2022
"The most dangerous thing you can do in life is play it safe." —Casey Neistat
1) Robinhood is set to acquire British crypto app Ziglu as it pushes to expand internationally. The deal price isn’t yet clear, but Ziglu was valued at $110M in November. The acquisition, coming two years after Robinhood abandoned earlier plans for an expansion in the UK, underscores growing worldwide interest in crypto, and in particular an uptick in crypto curiosity among the British and European public.
2) Blockchain.com plans to go public as soon as this year, as more and more crypto firms eye-up IPOs. Blockchain.com received a valuation of roughly $14B last month after its most recent funding round, and is now reportedly in talks with US banks to IPO later this year. Coinbase’s 2021 IPO was referred to as the “Netscape moment” for crypto, and today’s crypto firms have shown an increased interest in going public as a way to gain traction and build stronger connections between crypto and traditional finance.
3) Solana-based lending protocol Hedge raises $3.7M in a seed funding round. The DeFi platform offers instant, interest-free loans in its own stablecoin, USH. Hedge announced plans to use the funding to hire staff and finalize a DeFi product for its Solana mainnet launch later this year. The race to be the next big thing in DeFi is relentless, and we believe the future looks bright—especially for the Solana network, the second-largest smart contract blockchain.
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