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Farcaster, a blockchain-based social protocol founded by two Coinbase alumni, announced on Tuesday that it closed a $150 million fundraise. Led by Paradigm, the platform also raised money from a16z crypto, Haun Ventures, USV, Variant, Standard Crypto and others, according to a blog post by founder Dan Romero.
Pepe (PEPE), the popular frog-themed meme coin, has continued its bullish streak, rising by more than 10%. In the past 24 hours, Pepe’s price jumped by more than 10%, to $0.00001577, marking a new ATH and maintaining a strong performance streak for the last three months.
On May 21, the overall cryptocurrency market cap increased by hundreds of billions in hours. This rapid ascent was preceded by increased Bitcoin (BTC) demand, as 11 U.S. spot BTC ETFs saw over $950 million in outflows.
Some analysts have forecasted Solana as the next project due for an ETF, but Standard Chartered’s Geoffrey Kendrick echoed that a Ripple (XRP) ETF could also come in 2025.