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 2 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

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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.”

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

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