Hardware Wallet Company Ledger Raises $380M For DeFi Expansion – June 10

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $38,174

Bitcoin price has rocketed back above the $38,000 mark today, continuing a bullish move sparked by the Salvadoran news yesterday.

Top-20 altcoins are beginning to show some strength, with Ethereum gaining 4%, XRP rising 3% and Polkadot leading with a 14% charge.

Top Stories for June 10, 2021 πŸ”₯

πŸ‘‰ Hardware Wallet Company Ledger Raises $380M For DeFi Expansion

Ledger, the well-known cryptocurrency hardware wallet company, has raised $380 million in Series C funding for expansion into decentralized finance (DeFi).

The funding round included contributions from Cathay Innovation, Draper Associates and others, now placing Ledger at a $1.5 billion valuation.

Ledger plans to use the funds to develop new products and add DeFi solutions to its “Ledger Live” software.

πŸ‘‰ Elizabeth Warren Grills Cryptocurrency At Senate Hearing

Subcommittee Chairwoman Elizabeth Warren has blasted cryptocurrencies over ransomware attacks and energy usage claims, in a Senate hearing yesterday.

Senator Warren’s comments support previous remarks from the Biden Administration, indicating that cryptocurrencies are gaining importance on the list of national security priorities.

πŸ‘‰ Curve Decentralized Exchange Releases v2 Whitepaper

Stablecoin-focused decentralized exchange Curve has released the whitepaper for Version 2 of its protocol, competing closely with Uniswap.

The new version of the Curve protocol appears to offer comparable liquidity depth for Uniswap’s recent upgrade, but without the requirement of active management.