The round, led by alternative investment firm Marshall Wace, comes as the crypto market faces what some observers are calling a crypto winter. The total cryptocurrency market cap has slumped to less than $1 trillion from about $3 trillion in November and bitcoin, the largest cryptocurrency, has dropped 59% this year. Firms grappling with lower cryptocurrency prices have been forced to cut costs, with casualties including investment fund Three Arrows Capital and lender Celsius Network.
ZKsync Airdrop of ‘ZK’ Token Puts Initial Market Cap Near $900M
The ZK token opened at $0.31 and is down about 21% since then, trading at $0.24 at the time of...