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Hypernative raises $40M, Stripe acquires Privy, Binance Wallet launches Alpha Earn Hub, and other Web3 news

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  • Berachain, a DeFi-focused Layer 1 blockchain, has seen its total value locked drop by 71% from $3.5 billion to $990 million, with user activity and token value also declining significantly due to fading early incentives and a complex system. (📰eGamers.io)
  • Web3 security firm Hypernative has raised $40 million in a Series B funding round to enhance its AI-based transaction monitoring tools, currently protecting over 200 web3 projects and securing assets worth more than $100 billion. (📰eGamers.io)
  • Stripe is acquiring crypto wallet startup Privy to enhance its Web3 capabilities, integrating Privy’s technology into its crypto tools to simplify onboarding for users and reduce drop-off rates. (📰CoinDesk)
  • Okto has become the first mobile-native wallet to fully support Hyperliquid, allowing users to trade on the platform directly from their smartphones, with over $1 billion in futures trades executed in the past year. (📰The Crypto Times)
  • HyperPay has partnered with Aylab to enhance Web3 consumer acquisition strategies, leveraging Aylab’s technologies to improve onboarding and access to reliable DeFi applications. (📰BlockchainReporter)
  • NodeX has formed a strategic alliance with Ice Open Network to combine their DeFi infrastructure and blockchain capabilities, aiming to enhance the development and deployment of decentralized applications. (📰BlockchainReporter)
  • Binance Wallet launched the Binance Alpha Earn Hub, rewarding liquidity providers on Alpha token pools with annual interest from trading fees, coinciding with a record $12.5 billion in daily on-chain volume driven by increased activity on Binance Alpha. (📰CoinDesk)
  • SpaceM has partnered with hardware wallet provider Tangem to enhance digital asset security in the Web3 space, focusing on user-friendly self-custody solutions that improve trust in decentralized technologies. (📰BlockchainReporter)
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