•	Gelato raises $11 million from a series A funding round
•	The funding round was led by lead venture capitalist Dragonfly Capital
•	The funds will help onboard more blockchains to the Gelato network


News

Gelato Raises $11M From Its Latest Funding Round For Web 3 Automation

•	Velas has made available $100 million to support startups
•	This is a sizable increase from the initial pledge of $5 million pledge
•	New DeFi projects on Velas can access up to $100,000


Velas Blockchain Grants Program Increases To $100M

•	Umbrella Network launches on the Ethereum blockchain
•	Users can now access cross-chain transactions between Ethereum and BSC
•	Users can farm and stake their crypto tokens

Umbrella Network cross-chain bridge to BSC launches on Ethereum

•	RippleX shares an engineering preview of their federated sidechains
•	Sidechains will offer support to developers and include smart contracts capabilities
•	Sidechains to act as blockchains for high-level performances

RippleX Set To Compete With Ethereum After Previewing Federated Sidechains

•	XDEFI has announced the end of a successful funding round
•	The funding round raised $6 million
•	XDEFI Wallet Chrome extension delivers the fastest possible user experience
•	The invite-only beta version brought on board more than 20,000 users

Web3 Wallet, XDEFI Wallet Secures $6M From Funding To Scale Next-Generation DeFi Wallet

•	Ardadex Protocol announces a launch on the Cardano platform
•	Ardadex protocol avails 250 million ARDAN tokens
•	ARDAN tokens to sell at 0.001 USD at launch

Early Adopters Can Now Invest In Ardadex Protocol As Token Sales Kicks Off

•	RavenDex has officially introduced its project to the crypto space
•	RavenDex to offer a DEX, an IDO launchpad, and lending and borrowing services
•	RavenDex is a Cardano-based service that guarantees seamless cross-chain transactions

RavenDex To Be The BackBone Of DeFi Applications On The Cardano Blockchain

•	Decentralized finance startup Angle Labs has raised $5 million
•	funding round led by Andreessen Horowitz (a16z).
•	The startup plans to launch several stablecoins
•	Stablecoins to be pegged to fiat currencies
