Fomo raised a $75 million Series B led by Index Ventures at a $550 million valuation, with Union Square Ventures and angels including Mark Pincus, Humam Sakhnini, and Kevin Hartz also in the round. The dYdX-alumni team is building a non-custodial, global trading app that abstracts cross-chain onboarding, lists perps, and says it is adding roughly 3,500 users per day with 17 employees. The bet is that social trading UX becomes a Robinhood-style wedge for stocks, derivatives, and other assets as they move onchain.

TLDR by @Benthic

Explore the topic

More on Crypto

ether.fi taps Nexus Mutual for crypto's largest slashing cover, protecting validators against up to 15,000 ETH

ether.fi taps Nexus Mutual for crypto's largest slashing cover, protecting validators against up to 15,000 ETH

𝕏/@ether_fi ·

House digital assets panel holds New York field hearing on CLARITY Act’s potential to unlock crypto innovation

House digital assets panel holds New York field hearing on CLARITY Act’s potential to unlock crypto innovation

financialservices.house.gov ·

SBI Holdings takes majority stake in Coinhako after MAS approval, bringing Singapore crypto exchange under its control

SBI Holdings takes majority stake in Coinhako after MAS approval, bringing Singapore crypto exchange under its control

sbigroup.co.jp ·

Vladimir S. says layered security—not a single device—is the safest way to store crypto, highlighting multisig wallets, offline signers and hardened iPhones as best practices

Vladimir S. says layered security—not a single device—is the safest way to store crypto, highlighting multisig wallets, offline signers and hardened iPhones as best practices

𝕏/@officer_secret ·

Leviathan Atlas is now charting Coinage, the crypto newsroom testing community ownership

Leviathan Atlas is now charting Coinage, the crypto newsroom testing community ownership

leviathan.news ·

Susquehanna Crypto becomes Paragon's first institutional liquidity partner, with backing from UFO Holdings

Susquehanna Crypto becomes Paragon's first institutional liquidity partner, with backing from UFO Holdings

𝕏/@tradeparagon ·

Explore the full feed

Comments

Up nextSlowMist uncovers macOS malware that steals Telegram sessions and swaps Ledger, Trezor apps for phishing loaders