TL;DR

• Dora secured $5.5 million in funding, led by Dragonfly and Lemniscap.

• Captions, an innovative AI company, raised $60 million in a financing round led by Index Ventures.

• Frumtak Ventures' fourth fund has raised $84 million, focusing on the intersection of AI and deep tech.

• Frictionless Capital announced its Frictionless Fund I has raised $20 million to invest in blockchain projects.

• The Crypto Fear & Greed Index recently hit its lowest level and is now stabilizing at 27.

• Up Network launched ‘Up Mobile,’ the world’s first smartphone integrating advanced AI and blockchain technology.

• Tezos Foundation partnered with Baanx to develop a non-custodial crypto card.

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Alpha of the Day

Dora Bags $5.5 Million: A New Dawn in Funding

Dora has just landed $5.5 million in funding, courtesy of Dragonfly and Lemniscap. It's like they hit the startup jackpot! With this infusion of cash, they're ready to tackle the tech world with renewed vigor. This funding round will likely fuel their ambitions, from expanding their team to launching new projects. Dragonfly and Lemniscap must see something special in Dora—perhaps a future unicorn in the making? Only time will tell, but for now, it's all high-fives and celebratory memes at Dora HQ.

Captions Scores $60 Million: The AI Game Changer

Captions, the cool kid on the AI block, just raised a whopping $60 million in a funding round led by Index Ventures. That's right, $60 million! It's like they won the AI lottery. This cash injection will no doubt propel Captions to new heights, allowing them to push the boundaries of artificial intelligence. Whether it's making your photos talk or creating the next big thing in AI, Captions is on a roll, and we're here for it. Watch out, tech world—Captions is coming for you!

Frumtak Ventures: $84 Million for AI and Deep Tech

Frumtak Ventures' fourth fund has amassed an impressive $84 million, zeroing in on the sweet spot between AI and deep tech. It's like they've got a treasure map, and X marks the spot right at the intersection of futuristic technologies. This hefty fund will support startups that are pushing the envelope in AI and deep tech, ensuring that innovation doesn't just march on—it sprints. Investors are clearly betting big on the next wave of tech, and Frumtak Ventures is leading the charge.

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Frictionless Capital: $20 Million for Blockchain Projects

Frictionless Capital is making waves with its Frictionless Fund I, which has raised $20 million to dive into blockchain projects. It's like they've got blockchain fever, and the only prescription is more funding. This money will help bring groundbreaking blockchain ideas to life, potentially revolutionizing industries and making transactions smoother than ever. With Frictionless Capital at the helm, the blockchain future looks bright and brimming with possibilities.

Crypto Fear & Greed Index: The Calm at 27

The Crypto Fear & Greed Index recently took a nosedive, hitting its lowest level and now chilling at a stable 27. It's like the crypto world is on a rollercoaster, and we've just hit the bottom of the drop. But hey, stability at 27 isn't the worst place to be—it's kind of like finding a cozy spot in the eye of the storm. Investors are watching closely, hoping this calm means smoother sailing ahead. Fingers crossed, crypto enthusiasts!

Up Network's ‘Up Mobile’: AI Meets Blockchain

Up Network has unveiled ‘Up Mobile,’ the world's first smartphone that combines advanced AI with blockchain technology. It's like they took two tech buzzwords and made them have a baby. The result? A phone that's not just smart—it's a genius. With this innovation, Up Network is aiming to redefine how we interact with our devices, making everything from security to everyday tasks smarter and more secure. Get ready to upgrade your mobile game!

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Tezos Foundation and Baanx: The Non-Custodial Crypto Card

Tezos Foundation is teaming up with Baanx to roll out a non-custodial crypto card. It's like they've decided to make spending crypto as easy as swiping your regular debit card. This partnership promises to bring more flexibility and control to crypto users, allowing them to manage their digital assets seamlessly. It's a big step towards making crypto mainstream, and we can't wait to see it in action. Swipe right on this one, folks!

Labour Party Win Boosts UK Crypto Optimism

The Labour Party's victory in the UK elections has breathed new life into the crypto industry's dreams. They've promised to make the UK a global leader in tokenization, and the crypto crowd is buzzing. It's like someone just plugged in the optimism machine and cranked it to max. If Labour follows through, the UK could become the new hotspot for crypto innovation, attracting startups and investors from around the globe. Cheers to that!

Standard Chartered Eyes Elwood Capital Management

Standard Chartered is in talks to acquire Elwood Capital Management, a prominent crypto OTC firm. It's like they're gearing up for a major power move in the crypto space. This potential acquisition could solidify Standard Chartered's position in the crypto market, bringing more legitimacy and muscle to their operations. As the traditional finance world continues to embrace digital assets, deals like this one are becoming the new norm. Stay tuned—things are about to get interesting!

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