Pantera Capital and Arrington XRP Capital lead $5.8M Unbound Finance raise

Cryptocurrency asset managers Pantera Capital and Arrington XRP Capital have co-led a $5.8 million private investment round for Unbound Finance, an up-and-coming DeFi treasury protocol for pooled tokens.  The funds will be used to further develop Unbound Finance’s cross-chain stablecoin platform, including the development of native bridges for instant transfers between its native UNB stablecoin and other synthetic assets, the company announced Wednesday. Unbound Finance operates a so-called “liquidation-free collateralization platform,” which, as the name suggests, allows users to obtain interest-free loans against collateralized tokens. Automated market makers are “DeFi’s…

Ripple Seeks XRP Transfer Data on Overseas Exchanges

Key Takeaways Ripple’s executives have filed a new motion requesting the Court to issue Letters of Request to foreign authorities. The letters would be sent with the aim of collecting data on Ripple’s XRP sales on 15 non-U.S. exchanges. Ripple has submitted the motion in hopes of proving that its XRP sales were made outside the scope of the Securities Act of 1933. Share this article The legal team representing Ripple executives has filed a motion aiming to collect in-depth data on XRP sales conducted on foreign crypto exchanges. This…