Gate News, on March 25, Payy, a stablecoin startup, completed a $6 million seed round of financing in December last year, led by FirstMark Capital, with participation from Robot Ventures and DBA Crypto. This round of financing was conducted using a SAFE agreement format with attached token warrants. To date, Payy has accumulated a total of $8 million in financing.

New York-based crypto investment firm DBA has raised $68 million for its second venture capital fund, following the $50 million raised for its first fund. DBA was founded by Michael Jordan and Jon Charbonneau and focuses on various investments in the crypto space.

Golden Finance reported that the Layer 2 shared sequencer project Astria Network based on Celestia has officially ceased operations. After about a year of running its Mainnet, the development team voluntarily terminated the network at Block Height 15,360,577 on Monday, defining it as the end of an "experimental infrastructure project." Astria was launched in 2023, aiming to provide decentralized shared sequencer services for Layer 2 networks. It completed a $5.5 million seed round financing led by Maven 11 and obtained $12.5 million in strategic financing in 2024, led by dba and Placeholder VC. Since the beginning of this year, the project has successively stopped the development of its EVM Rollup product Flame and closed the Celestia validator nodes, ultimately deciding to shut down completely. The team has not made a public statement.

PANews, November 14th news, Josh, the founder of the shared sorting network Astria, announced on the X platform that he has decided to shut down Astria's development company. According to news from July 2024, Astria completed a $12.5 million funding round, led by dba and Placeholder VC.