squads

According to The Block, the Solana ecosystem multi-signature protocol Squads announced the completion of a $18 million strategic financing round, led by Solana Ventures, with participation from Coinbase Ventures, Haun Ventures, L1D, and others. This round of financing is an equity round, bringing its total financing amount to $42.9 million. Squads will use the funds from this round to expand its stablecoin enterprise financial platform, Altitude.It is reported that Altitude, the stablecoin payment platform under Squads, allows businesses to conduct 24/7 global payment settlements in stablecoins through self-custody wallets, and connects to the global payment network through compliance and risk control systems.

According to Arkham data, at 02:19, 9.7143 million JITO (worth approximately $2.75 million) was transferred from the Squads Vault "Jito Tokenomics SubDAO" to an anonymous address (starting with jtojtome...).

According to Arkham data, between 21:40 and 21:46, pump.fun transferred two large amounts of SOL to Squads Vault "BBFunds1", totaling 42893.34 SOL (approximately worth 5.44 million USD).At 21:40, 25389 SOL (worth approximately 3.22 million USD) was transferred from pump.fun to Squads Vault "BBFunds1".At 21:46, 17504.34 SOL (worth approximately 2.22 million USD) was transferred from pump.fun to Squads Vault "BBFunds1".

According to Arkham data, at 14:55, 5 million RENDER (worth approximately 10.25 million USD) was transferred from Squads Vault "OTOY Custodial Holdings" to Fireblocks Custody.

ChainCatcher news, Solana ecosystem multi-signature protocol Squads announced a strategic partnership with Coinbase to accelerate the promotion of USDC and the mission of stablecoin-driven finance. Squads has locked over 1 billion USDC in its products, accounting for nearly 15% of Solana's total supply. This collaboration further strengthens USDC as the default stablecoin in its product suite.

According to news from on-chain analyst Ai Yi (@ai_9684xtpa), the pump.fun project team has transferred funds to the Squads Vault "Token Admin" address.In addition, there are 185 addresses that have reached $1 million;121 addresses have received $500,000 or more;In terms of payment methods, USDC accounts for 97%, while USDT only accounts for about 3%.

ChainCatcher news, according to Blockworks, the Solana ecosystem multi-signature protocol Squads announced a strategic investment from Haun Ventures, with the specific amount not disclosed.In addition, Squads also announced the upcoming launch of its stablecoin native account Altitude, allowing companies to open and fund dollar accounts without relying on traditional banks or U.S. entities.

ChainCatcher news, the Solana ecosystem multi-signature management tool Squads announces that the Squads Protocol v4 code has now been fully open-sourced after running on the Solana mainnet for one year.

ChainCatcher news, Solana ecosystem multi-signature protocol Squads announced in an official blog post that Squads Protocol v5 will be officially validated and will go live on the Solana mainnet later this year, allowing users to have fine control over smart accounts, thereby accelerating the adoption of smart accounts and account abstraction on Solana and SVM. It is reported that the new version will introduce features such as synchronous transaction execution and will also include performance and memory improvements.

ChainCatcher news, according to official sources, the Solana ecosystem multi-signature management tool Squads has announced the launch of the Squads Policy Network (SPN), aimed at promoting the development of smart accounts through distributed policy execution.SPN will bring refined trading strategies to on-chain smart accounts in a trustless and decentralized manner. The network is supported by Jito (Re)staking.SPN is currently under development and will soon release a comprehensive white paper.

ChainCatcher news, Stepan Simkin, co-founder of Squads Labs, a multi-signature management tool for the Solana ecosystem, stated that over 1 million SOL have participated in staking through Squads smart accounts.

ChainCatcher news, according to The Block, the Solana ecosystem multi-signature protocol Squads has completed a $10 million Series A funding round, led by Electric Capital, with participation from Coinbase Ventures, Placeholder VC, RockawayX, L1 Digital, and Mert Mumtaz, co-founder and CEO of Helius and founder of Odyssey Ventures. Previously, the company had raised $12.5 million in three funding rounds.According to the Web3 asset data platform RootData, Squad is a multi-signature management tool based on Solana, designed to handle complex governance and fund management, with the mission of unlocking the full potential of self-custody, co-ownership, and coordination for teams emerging in Web3.Since its launch in 2021, Squads has stated that it has helped protect over $10 billion in assets, a significant increase from $500 million in October last year.

ChainCatcher news, according to The Block, Solana ecosystem multi-signature management tool Squads developer Squads Labs announced the completion of a $5.7 million strategic financing round, led by Placeholder VC, with participation from Multicoin Capital, Solana Ventures, Jump Crypto, Solana Labs co-founder Anatoly Yakovenko, Jito Labs CEO Lucas Bruder, and Helius Labs CEO Mert Mumtaz.Stepan Simkin, co-founder of Squads Labs, revealed to The Block that this is a financing round with token warrants, and he declined to comment on the valuation.Squads is a multi-signature protocol that helps cryptocurrency companies protect and manage their on-chain digital assets.

According to ChainCatcher, in an interview at Lisbon's Breakpoint 2022, Solana Labs CEO Anatoly Yakovenko stated that over the past year, Solana Labs has only deployed a portion of the $250 million crypto social and gaming fund, focusing on small seed round investments, with the amount deployed in the social media fund so far being "far less than half." Current social media products include Dispatch, Squads, Dialect, and Wordcell, with 37 games either launched or preparing to launch.It is reported that Solana Labs previously announced the establishment of two flagship funds at Breakpoint 2021: one is a $100 million fund focused on decentralized social media, and the other is a $150 million fund aimed at encouraging blockchain games. (The Block)