Evening News | Three Arrows Capital founder Su Zhu tweets again after several days; Multicoin Capital launches a new venture capital fund with a scale of $430 million

Organizer: Runsheng, Chain Catcher

1. Su Zhu, founder of Three Arrows Capital, tweets again after several days, stating that the sincerity of cooperation with the liquidator has been met with baiting

Su Zhu, founder of Three Arrows Capital, tweeted again after several days, stating, "Sadly, our sincerity in cooperating with the liquidator has been met with baiting. I hope they have indeed acted in good faith regarding the exercise of the StarkWare token warrants." He attached two screenshots of email communications.

In response to Su Zhu's tweet, Hasu, strategic director of Flashbots, stated on Twitter that Su Zhu claimed the Starkware equity token warrants expired on July 5, and the liquidator did not exercise the warrants, resulting in the loss of Starkware tokens. (Source link)

2. Animoca Brands completes $75 million financing at a pre-money valuation of $5.9 billion

NFT development and investment company Animoca Brands has completed $75 million in financing at a pre-money valuation of $5.9 billion, with participation from Liberty City Ventures, Kingsway Capital, Alpha Wave Ventures, 10T, SG Spring Limited Partnership Fund, Generation Highway Ltd, and Cosmic Summit Investments Limited. This round of financing will be used to continue funding strategic acquisitions, investments, and product development, obtain licenses for popular intellectual properties, and promote open virtual worlds. Earlier this year in January, Animoca Brands raised $358.8 million at a valuation of $5 billion. (The Block)

3. Web3 infrastructure provider Mysten Labs seeks to raise at least $200 million in Series B funding at a $2 billion valuation

Sources reveal that Mysten Labs, a Web3 infrastructure startup founded by former Meta engineers, is negotiating to raise at least $200 million in Series B funding at a $2 billion valuation, with FTX Ventures leading the investment, which has already contributed at least $140 million to this round.

An insider stated that the $2 billion valuation may change depending on whether equity investors receive additional warrants, granting them the right to purchase its blockchain-native tokens, as well as the exercise price of these options, making it currently impossible to ascertain the exact valuation of the Series A funding.

Mysten Labs was founded by senior members of Meta's crypto R&D department, Novi Research, and its co-founder and CEO Evan Cheng previously served as the head of R&D for Meta's crypto wallet program. The company launched the decentralized blockchain Sui in March. Previously, Mysten raised $36 million in a Series A funding round led by Andreessen Horowitz (a16z) in December 2021. (The Information)

4. Gnosis Safe completes $100 million strategic financing, led by 1kx with participation from Tiger Global and others

Gnosis Safe announced the completion of $100 million in strategic financing, led by 1kx, with participation from Tiger Global, A&T Capital, Blockchain Capital, Digital Currency Group, Greenfield One, Rockaway Blockchain Fund, ParaFi, Lightspeed, Polymorphic Capital, and Superscrypt. Additionally, after a successful community vote to spin off from Gnosis, the Gnosis Safe project is being renamed to Safe. This funding is raised for the Safe Ecosystem Foundation, a non-profit organization aimed at protecting strategic assets and contributing to the further development of Safe.

This round of financing marks an important milestone for Safe as a programmable ownership platform, enabling the secure management of digital assets, data, and identities across DAOs, retail, and institutional users. The funding and strategic alliances will allow Safe to develop applications and tools on top of its smart contract account protocol. (Source link)

5. Multicoin Capital announces the launch of new venture fund Venture Fund III, totaling $430 million

Multicoin Capital has announced the launch of its new venture fund, Venture Fund III, with a commitment of up to $430 million. The firm is focusing on areas including proof of physical work, DataDAO, online platforms that use crypto payments, DeFi applications, NFTs, and social tokens to provide monetization projects for creators, as well as building crypto-native consumer products. (Decrypt)

6. Lightspeed's four funds complete $7.1 billion in financing and launch crypto fund Lightspeed Faction

Lightspeed's four funds have completed a total of $7.1 billion in financing, including three U.S. funds and one Indian fund: an early-stage fund (under $2 billion), a growth fund ($2.3 billion), an international investment fund ($2.4 billion), and Lightspeed India Partners ($500 million).

At the same time, Lightspeed announced the launch of a new early-stage crypto fund, Lightspeed Faction. The fund declined to disclose financing information, but according to a source, it has completed an initial fundraising of $325 million, although fundraising activities are not yet finished, and the total amount is expected to reach $400 million.

It is reported that Lightspeed has invested in over 500 companies over the past two decades and currently manages approximately $18 billion in assets. (Fortune)
"What are the noteworthy articles to read in the past 24 hours?"
1. "The Pros and Cons of CeFi from a Liquidity Perspective"
This article focuses on how CeFi institutions in the crypto market effectively play the role of banks, providing liquidity supply, leverage management, and term conversion services to the entire industry, while exploring their flaws and reasons. The author believes that the crypto industry should first fully recognize the problems at hand, then establish an industry-level collaborative mechanism, explicitly introducing infrastructure such as reputation, credit, and term financial products on the blockchain based on mechanisms like SBT, and strive to create inter-institutional lending and repurchase markets, establishing a money market separate from the secondary market, so that the crypto industry can enter a relatively stable and healthy development phase, supporting the significant development of Web3 and blockchain industry applications.
2. "New Public Chain Sui: Layer 1 Built by Former Facebook Team Valued at $2 Billion"
Mysten Labs, founded by four former Meta engineers, announced its Layer 1 public chain project "Sui" in March 2022 and released the economic model for the project's token SUI in May. Figment Capital investor Trace introduced Sui from three perspectives: technology, token economics, and team on his personal social media platform.

3. "Su Zhu Speaks Again After Nearly a Month, What Did He Actually Say?"

Su Zhu accused the liquidator in an email of failing to fulfill the acquisition offer, leading to the expiration of the Starkware token equity certification on July 5, which he claimed resulted in "significant losses" for the company.