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Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

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The fintech funding market is not dead

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Alex and Grace are back to cover the biggest, boldest and baddest technology news. This is our Monday show, coming to you this week on a Tuesday as, hey, yesterda…

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Magic Eden raises $130M, hitting unicorn status at $1.6B valuation

NFT marketplace Magic Eden, launched just nine months ago, has raised $130 million in a Series B round co-led by Electric Capital and Greylock Partners, bringing its valuation to $1.6 billion. Lightspeed Venture Partners also participated alongside previous investors Paradigm and Sequoia Capital. T…

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The NFT slump is real (really)

The data doesn't appear to indicate that there is a more attractive way to view NFT activity today. It is, by a number of measuring methods, depressed at the moment. This meets our view of a slump.

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The NFT slump is real

This is not an exercise in knocking back a few shots of haterade. Instead, it's a reminder that consumer demand for products like digital collectibles is fickle and ever-changing.

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DOJ case against ex-OpenSea exec could label NFTs as securities, former SEC lawyer says

The case could determine whether NFTs are indeed securities — and if that label really matters for the future of the digital assets.

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OnlyFans founder makes crypto debut selling influencer trading cards

Zoop, built on the Polygon blockchain, will allow users to trade NFT-based cards featuring their favorite influencers.

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Co:Create aims to help NFT projects launch their own cryptocurrencies

a16z leads $25 million seed investment into NFT tooling startup Co:Create, alongside Tom Brady's Autograph, FTX's Amy Wu, others

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Polygon among $9.3M investment in Paper to help onboard NFT buyers via email

Paper, a crypto-focused payments processing company launched in February, closed a $7.3 million seed round after a $2 million angel investment for a total of $9.3 million in fresh capital.

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WeWork India exposed visitors’ personal information and selfies

Visitor names, email addresses, phone numbers, and selfies were exposed to the internet.

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TikTok says ‘Project Texas’ will bolster security for U.S. users in wake of China data access concerns

Over the weekend, TikTok wrote to Republican Senators to assure them that it’s working on a program called “Project Texas” to bolster data security for U.S.-based users. This was in response to the Senators’ letter to the company dated June 27 that questioned its data access…

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