Quasar Finance Raises $5.4M to Revolutionize DeFi Space

Bullet points: • Quasar Finance, a decentralized asset management protocol using Inter Blockchain Communication (IBC) technology, has raised $5.4 million in a funding round led by Shima Capital. • The round was done at a $70 million valuation, and other investors included Polychain Capital, Blockchain Capital, HASH Capital, and CIB. • The capital will go…

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Former FTX CEO Pleads Not Guilty to 8 Criminal Charges

• Sam Bankman-Fried, the former CEO of the now-bankrupt crypto exchange FTX, has pleaded not guilty to 8 criminal charges. • The charges include wire fraud and campaign-finance violations. • Latest crypto market prices showed an increase in the CoinDesk Market Index (CMIP) of 11.3, Bitcoin (BTC) of 108.5, Ethereum (ETH) of 37.0, S&P 500…

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