š Daily Recap: Curve Finance Founder Raises $5M, Libra Fallout Continues
ā» Curve Finance founder Michael Egorov raised $5M for his new project, Yield Basis, at a $50M valuation, aiming to optimize liquidity for BTC and ETH holders.
ā» Meteora co-founder Ben Chow resigned following backlash over his involvement with the LIBRA memecoin, while the platform launched an insider trading investigation.
ā» Argentinaās President Milei denied promoting LIBRA, claiming he only intended to "spread the word." The token collapsed 95%, and Milei now faces fraud charges.
ā» Hyperliquid launched HyperEVM on mainnet, introducing Ethereum-compatible smart contracts to its Layer 1 blockchain.
ā» Dave Portnoy mistakenly bought $170K of a fake LIBRA token, causing its price to spike 3,000%, before warning followers it would eventually go to zero.
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