Blockchain project TAC announced on X that it has raised a total of $11.5 million through its seed and strategic funding rounds. The latest strategic round was led by HCVC. TAC is developing EVM-compa...

Blockchain project TAC announced on X that it has raised a total of $11.5 million through its seed and strategic funding rounds. The latest strategic round was led by HCVC. TAC is developing EVM-compatible DeFi infrastructure for Telegram and the TON ecosystem, with the funds to be used for development.

TAC raises $11.5M to build DeFi infrastructure for Telegram and TON ecosystem

Author: <Nancy>, <PANews>
Circle successfully went public in the US stock market, with its stock price soaring and significantly boosting market attention to crypto-related stocks. Meanwhile, benefiting from the continuous optimization of the US regulatory environment and policy support, the crypto industry is experiencing a wave of Wall Street expansion, with more and more crypto institutions actively planning to enter the US capital market.

Circle's stock price rose by nearly 600% at its peak, with investment institutions beginning to cash out at high levels
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At local time on Wednesday afternoon (June 18), the Federal Reserve (Fed) announced that it would maintain its benchmark interest rate unchanged at 4.25%-4.50%, marking the fourth consecutive meeting of "holding steady", which fully aligns with market expectations.

In its statement, the Fed noted that while uncertainty about economic prospects has somewhat diminished, it remains at a high level. Meanwhile, the Fed lowered its 2025 U.S. GDP growth forecast to 1.4% and raised its inflation expectation to 3%. This indicates that the Fed continues to face a dilemma between economic recovery and inflation control.

The expectation of interest rate cuts is also...