20 Crypto Startups Raise $141.3 Million Because Apparently Nobody Learned Anything From Watching Their Previous 1000 Siblings Crash and Burn

Crypto News Hack Memecoins 1 Kevin Nelson August 16, 2024

An illustration depicting 20 balloons floating upwards with varying levels of deflation; some have popped while others remain inflated but at different heights indicating their relative success or failure. A large balloon dominates the center and is nearly fully inflated representing Morpho's significant funding round. The background features a subtle image of a market downturn, represented by falling stocks and coins. In the distance, several smaller balloons are seen floating away from each other as they disintegrate into tiny pieces signifying their demise in an unprofitable venture.

Another batch of crypto startups has managed to swindle investors out of $141 million. Because who needs real returns when you can get 10x your money back by investing in vaporware? I mean, what could possibly go wrong with throwing cash at a bunch of unproven projects that are just “building the future” or some nonsense like that

Source: bitcoin.com

20 Crypto Startups Raise $141.3 Million in Less Than 2 Weeks

https://news.bitcoin.com/20-crypto-startups-raise-141-3-million-in-less-than-2-weeks

In the first 12 days of Aug., $141.3 million has flowed into crypto, defi, and blockchain ventures, according to recent metrics. Morpho, a decentralized lending developer, accounted for roughly 35.38% of the total funds raised across 20 different projects. Even with the crypto markets experiencing a downturn, venture capital continues to pour in, amounting to $141.3 million so far across 20 different startups. Morpho led the pack, raising $50 million […]

Tagged as:
Business Environment Crypto Funds Crypto Industry Growth Fundraising Liquidity Mergers and Acquisitions

Share on

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

An illustration of a rocket ship blasting off into space with flames and smoke behind it; in front of the rocket is an arrow pointing upwards through a series of rising lines representing increasing prices. To one side are two falling arrows amidst broken chains suggesting losses or failures while on the other side, there's a growing mountain range symbolizing growth but also warning signs like exclamation marks above them indicating caution and uncertainty. The background has swirling clouds with lightning bolts hinting at turmoil in financial markets.

Bitcoin Mania Ignites as Experts Warn You Will Probably Still Lose All Your Money

Bitcoin

An illustration of Goldman Sachs' headquarters with money bags overflowing from its windows onto the streets below where people are dancing and celebrating amidst confetti while Morgan Stanley's building stands nearby with empty pockets. A hedge fund manager is shown standing on top of it looking worried as a bitcoin symbol rises into the sky above them all, surrounded by rising arrows indicating growth. In the background, a cityscape at sunset glows warmly. The scene conveys excitement and optimism about investments in cryptocurrency despite volatility.

Goldman Sachs Discloses $418 Million Bitcoin ETF Holdings Because Someone Finally Figured Out That Throwing Money at a Bubble Is Still Fun

Bitcoin

Disclaimer

Please do not hesitate to contact us if you have any questions or concerns.

We are the internet’s finest destination for poking fun at the wild world of cryptocurrency! We transform the bewildering jargon and frantic hype of the crypto market into a comedy spectacle that’s almost as volatile as crypto itself.

20 Crypto Startups Raise $141.3 Million Because Apparently Nobody Learned Anything From Watching Their Previous 1000 Siblings Crash and Burn

Previous

Next

You may also like

Disclaimer