Saturn is proud to announce our $2M seed round led by @TheSpartanGroup, with participation from @Anchorage, Susquehanna Crypto, and more. Saturn is building the application layer on Bitcoin - powered by $STRC. A thread on why it matters.

Projects Fundraising on RootData (Jun 29 - July 5) Last week, 8 blockchain companies/projects received funding. 💎 @AskVenice — Private, Permissionless AI, raised $65M in Series A by @dragonfly_xyz, @cbventures, @NorthIslandVC & others. 💎 @extendedapp — Perp Dex, raised $12.5M in strategic round by @eToro, @jump_ and Alber Blanc. 💎 @Thea_AI — AI-driven solutions for risk markets, raised $8M in strategic round by @Maven11Capital, @TheSpartanGroup, @ManifoldTrading & others. 💎 @techdollarhq — The credit layer of private markets, raised $3M in pre-seed round by @nolimithodl, @reforge_vc, @newmichwill & others.

Projects Fundraising on RootData (May 3 - May 10) Last week, 13 blockchain companies/projects received funding. 💎 @reapglobal — Web3 payment infrastructure, was acquired by @krakenfx in $600M. 💎 @HoudiniSwap — Privacy cross-chain protocol, was acquired by @solstrategies in $18M. 💎 @opentrade_io — DeFi for the real world, raised $17M in strategic round by @mercuryfund, NotionCapital, @a16zcrypto & others. 💎 @onrefinance — On-chain reinsurance company, raised $5M in Series A by @FWDind & @Rockaway_X. 💎 @saturn_credit — Stablecoin yield protocol, raised $2M in seed round by @TheSpartanGroup, @Anchorage, Susquehanna Crypto & others.

In August 2021, IVC (Infinity Ventures Crypto) @ivcryptofund was officially established. Shortly thereafter, Daniel Wang, co-founder of Aethir, joined IVC. In November 2021, IVC partnered with YGG to launch YGG SEA, which is now known as W3GG (@w3ggofficial). Around the same time, the two parties also co-founded YGG Japan (@YGGJapan). In February 2022, IVC closed a $70 million Web3 fund, backed by investors including @Circle, @DCGco , @AnimocaBrands, Hive Ventures, and Cherubic Ventures. IVC later deployed the first investment from this fund by co-investing in @YGG alongside @a16z. IVC’s partners include: 1. Akio Tanaka @tanakaakio  Founder of @HeadlineVC Headline Asia and co-founder of IVC. 
 Tanaka, who is Japanese, is widely regarded as an OG within Japan’s traditional venture capital circle, having built Headline Asia into one of the region’s established VC platforms. 2. Brian Lu  @LuBall13 Former co-founder and GP of IVC. 
 Brian Lu also comes from a notable entrepreneurial family. His father, Hong Liang Lu, is the founder of UTStarcom and a founding figure behind SoftBank China Venture Capital (SBCVC). 3. JT Law  @JorLaw8  Co-founder of VerifyInvestor. 4. Gabby Dizon @gabusch Co-founder of YGG (Yield Guild Games). 5. Alex Yeh @alex_yehya Co-founder of AuraBlock Ventures, and also a co-founder of $GAIB @gaib_ai Richie Chaval Jiaravanon @RichieLychee Former CEO of Snapask Thailand.
 He also holds another role as a board member at Velo Labs @veloprotocol Behind the Jiaravanon family stands the Charoen Pokphand Group, Thailand’s largest private conglomerate, widely known as the CP Group.  Returning to Daniel Wang, who was seconded by IVC to Aethir as a representative and co-founder of the project. According to publicly available information, between August 2021 and August 2023, Daniel Wang held roles across IVC, W3GG, and Aethir simultaneously. We’ve also just received information from sources familiar with the matter claiming that, during his time at IVC, Daniel Wang allegedly accepted various kickbacks tied to deals, which reportedly caused dissatisfaction among several of IVC’s core partners. A quick side note here: IVC is widely regarded as the most active investor among Japan-based crypto funds in terms of the number of crypto projects backed. @FSA_Japan @cyberpolice_jp @JVCEA_Official @jcba_official @CoinDesk @coin_post @circle  @DCGco @animocabrands  @TheSpartanGroup   @Morningstar_VC @shimacapital   @BigBrainVC  @Sfermion_   @Ventures_HTX

Back in the day, Wilson Wei (Jiequan) & Ryan Li （Yihe） and other guys  allegedly paid $400,000 in kickbacks to Wang Bingyu, a close lieutenant of Justin Sun, in order to accelerate BTT’s acquisition of Lino Network and DLive @OfficialDLive By the end of 2019, after BTT completed the acquisition of the Lino & DLive project and team, core members  including Wilson Wei , Ryan Li , Charles Wayn (Wang Jiaxi), and Shiyu Zhang ,Harry Zhang（Haoran) only stayed at BTT for about a year before leaving. They eventually split into two separate teams and embarked on their next round of token launches（ $G @Galxe and  $CYBER @BuildOnCyber）, conveniently leaving behind what was essentially an empty shell project with no real users for Justin Sun. In other words, at this point  Wilson Wei @WilsonWei777 appears to be the one taking the fall for Ryan Li @ryanli , Charles Wayn @charleswayn , and Shiyu Zhang @shiyuSQ,Harry Zhang @harryhrz . A bit more info about  Wilson Wei: This has already escalated into a criminal case. In mainland China ，pre-trial detention does not exceed one month. After formal arrest approval under normal circumstances, the investigation detention period typically lasts no longer than two months. However, Wilson Wei  has now been held for nearly three months, which usually suggests that investigators believe the evidence is relatively clear and substantial. The likelihood of a conviction and prison sentence is therefore quite high. Figure 1 Wilson Wei , Ryan Li , Shiyu Zhang Figure 2 Charles Wayn, Harry Zhang @multicoin @animocabrands @hashed_official @DraperDragon @incecapital @smrti_lab @IOSGVC @Delphi_Digital @protocollabs @TheSpartanGroup @FoliusVentures @blockchain @dragonfly_xyz @SolanaVentures @jumpcapital @lattice_fund @shimacapital @zachxbt @mrblock @HsakaTrades @PixOnChain @Polymarket @FareaNFts @AshCrypto @Cointelegraph @TheBlockCo @100trillionUSD @tier10k @Tree_of_Alpha @DegenSpartan @Icebergy @arkham @arndxt_xo @alpackaP @blknoiz06 @dlnews

@thesmallhands_ showed me a side to pleasure I may never experience again 😫 We started off tame and sensual, but when the clothes came off, he absolutely manhandled me 🤤