Bleap, a "blockchain bank account" founded by former Revolut employees Joao Alves and Guilherme Gomes, closed a $2.30 million seed round led by Ethereal Ventures. Other participants included institutions such as Maven11 and Alliance DAO, as well as executives from Revolut, Phantom and OKX. The round valued the company at $10 million.
Lewis Grant, senior manager of the global equity portfolio at Federated Hermes, said the financial marekt was likely to continue to be volatile as the US election approached because of uncertainty over the outcome. The first presidential debate between Democratic nominee Harris and Republican nominee Trump offered little substantive policy clarity, he said. "Uncertainty around which candidates' economic agendas will take effect - and even what those agendas actually are - will weigh on market se...