restate

According to Techcrunch, durable workflow infrastructure startup Restate announced the completion of a $20 million Series A funding round, led by Singular, with participation from Redpoint Ventures and Capital One Ventures.Restate was founded in 2022 and is headquartered in Berlin, focusing on building multi-step workflow execution engines that can withstand crashes and network interruptions, leveraging self-developed storage, replication, and redundancy layers, with advantages of high speed and lightweight architecture. Recently, it has signed six-figure to seven-figure contracts with multiple clients, including the vibe programming platform Replit and several Fortune 500 companies in the financial sector. This round of funding will be used to build a marketing team, expand the engineering team, and grow its office in the San Francisco Bay Area.

ChainCatcher news, according to Cryptoslate, the U.S. Securities and Exchange Commission (SEC) has completed its long-term review of Coinbase's financial disclosures and ultimately did not require the company to amend or restate the relevant documents.Coinbase's Chief Legal Officer Paul Grewal stated that this review covered the 10-K filings for the fiscal years 2022 and 2023, lasting over two years, and that all relevant comments have been fully addressed with the SEC's Division of Corporation Finance. The SEC reminded in its letter that the company and its management remain responsible for the accuracy and completeness of the disclosures, and the completion of the review does not represent an official endorsement. This process began shortly after Coinbase went public in April 2021, amid the ongoing evolution of compliance standards for crypto companies. Additionally, since the Trump administration took office, the regulatory stance in the U.S. has become more lenient, with the SEC withdrawing lawsuits against several crypto companies and working on a new regulatory framework for the industry.