$10 Million Raised for Matr1x Gaming Platform, Bybit Adds Spot Trading Capabilities to Portfolio Margin Mode, MapMetrics Expands to Peaq Blockchain


Matr1x, the platform facilitating the mobile shooting game Matr1x Fire within the Web3 domain, secured an additional $10 million in its recent A-2 financing round, following successful fundraising in 2022, bringing total funding to $20 million. The round was led by Folius Ventures and co-led by SevenX, with participation from ABCDE Capital, Find Satoshi Lab, Initiate Capital, and Jambo. Matr1x attracted financial backing from entities such as Hana Financial Group, Hashkey Capital, SevenX, and Amber Group.

MapMetrics, a Web3 drive-to-earn navigation app originating from Solana, expanded to the peaq blockchain, allowing users to anonymously share location data, without it being shared with advertisers, and earn digital currency and NFTs. The app will leverage peaq as part of its decentralized physical infrastructure network (DePIN) powering a Google Maps-style service. MapMetrics will use peaq IDs, now compatible with Solana, for secure data authentication.

Bybit Institutional, the institutional arm under the Bybit exchange, announced an enhancement to its Portfolio Margin Mode, now incorporating spot trading capabilities. This latest upgrade empowers traders to integrate spot positions into their hedging strategies, “bolstering their risk management practices amidst the dynamic cryptocurrency landscape.”

Bitget launched Arabic lingual support for eleven Middle-Eastern and North African countries accessible on its mobile application and website. Users can now trade cryptocurrencies in over 12 Middle Eastern currencies and over 590 tokens listed on Bitget. The language support extends to utilizing P2P, Earn, Futures, Copy-trading, and other features on the platform.

Tanzanian fintech company ClickPesa and Pendulum, the technology company that serves as a bridge between the Polkadot and Stellar ecosystems, teamed up in a technology partnership. By employing DeFi solutions developed on the Pendulum blockchain, the two companies strive to increase financial accessibility for small and medium-sized enterprises (SMEs) by financing Microfinance Institutions (MFIs) and providing them with essential tools and resources to access funding through the ClickPesa Debt Fund.

Bitcoin mining company Cathedra Bitcoin Inc. announced a debt settlement and debenture extension. The company expects to settle a portion of the outstanding principal amount of debentures equal to up to C$10,946,706 into up to 98,264,870 common shares of the company, which will be issued at a deemed price of C$0.1114 per share. The debt is payable to certain debenture holders in respect of 3.5% senior secured convertible debentures of the company due November 11, 2024 (the maturity date) originally issued to the debenture holders on November 11, 2021. Before settling the settlement amount into shares, Cathedra expects to repay C$2,000,000 to retire C$3,333,333 of the outstanding principal amount of the debentures. It also announced that it intends to amend the maturity date of the outstanding debentures following the completion of the debt settlement to November 11, 2025.

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