DeFi Project KeeperDAO Raises ‘Seven-Figure’ Seed Funding to Build Liquidity Pool

https://www.cryptofundreport.com/articles/defi-project-keeperdao-raises-seven-figure-seed-funding-to-build-liquidity-pool/

TheBlock – KeeperDAO, an on-chain liquidity underwriter for decentralized finance (DeFi) protocols, has raised seed funding from notable investors.  The “seven-figure” seed round, i.e. worth more than $1 million, was led by Polychain Capital and Three Arrows Capital.

DeFi Hits $2 billion in Total Value Locked; Compound Snatches MakerDAO’s Top Spot

https://www.cryptofundreport.com/articles/defi-hits-2-billion-in-total-value-locked-compound-snatches-makerdaos-top-spot/

TheBlock – The decentralized finance (DeFi) market continues to grow fast.  It has now hit the $2 billion mark in total value locked (TVL) for the first time ever, according to DeFi Pulse. TVL is the total amount that has been committed or “locked-in” by users of various DeFi protocols.

Story from Policy & regulation ‘Inherently Borderless’: Acting OCC Chief Talks Crypto, State Licenses and DeFi

https://www.cryptofundreport.com/articles/story-from-policy-regulation-inherently-borderless-acting-occ-chief-talks-crypto-state-licenses-and-defi/

CoinDesk – Brian Brooks, the former Coinbase legal chief, took office as Acting Comptroller of the Currency (OCC) at the end of May, barely two and a half months after being appointed First Deputy at the federal banking agency. In that time he’s already publicly suggested a federal payments charter for fintech companies, asked state and local governments to consider lifting COVID-19 lockdowns to protect the banking system and published a request for public input on how banks look at crypto.

Funds Raised by DeFi Lending Projects Surges 150% in April 2020, but Fintech and Digital Assets Projects Record 57% Drop in Funding

https://www.cryptofundreport.com/articles/funds-raised-by-defi-lending-projects-surges-150-in-april-2020-but-fintech-and-digital-assets-projects-record-57-drop-in-funding/

CrowdfundInsider – A recent report from VC research firm, Ana.vc, reveals that there was a significant 57% decline in total funding allocated to digital assets and Fintech-focused projects during April 2020.  Although there has been a considerable decline in cryptocurrency-related investments, the decentralized lending sector seems to be doing well, having raised 150% of its March total during April.

Balancer, a Decentralized Digital Asset Manager, Secures $3 Million via Seed Round Led by Accomplice, Placeholder

https://www.cryptofundreport.com/articles/balancer-a-decentralized-digital-asset-manager-secures-3-million-via-seed-round-led-by-accomplice-placeholder/

Crowdfund Insider – The company confirmed that it had finalized a $3 million seed round, which was led by Accomplice and Placeholder. CoinFund and Inflection also took part in the round.