Jump Crypto is building towards the next frontier in crypto infrastructure. Jump Crypto is a division of Jump Trading Group, a research-driven quantitative trading firm and one of the largest traders, by volume, across traditional asset classes.
on-chain perpetual futures exchange Extended has completed a $12.5 million strategic funding round, led by eToro, with participation from Jump Crypto.The project primarily operates an on-chain perpetual futures exchange built on StarkWare's StarkEx scaling engine. Founded by former Revolut employees, Extended opened for trading at the end of 2024. (financefeeds)
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According to The Block, trading platform eToro announced on July 2 local time that it led a $12.5 million strategic financing round for the on-chain perpetual futures exchange Extended, with Jump Crypto also participating in this investment. This financing is closely tied to a strategic partnership with Zengo, eToro's self-custody wallet. Both parties will jointly explore the integration of traditional financial assets and decentralized trading environments, expanding on-chain access channels to global financial markets. Extended was founded by former Revolut employees, launched trading at the end of 2024, and is built on StarkWare's on-chain scaling engine StarkEx.
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eToro
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Odaily报道: Satori Finance, a multi-chain decentralized exchange backed by investors including Polychain Capital and Coinbase Ventures, has announced it will cease operations and begin the closure process. The platform stated that due to "prolonged unfavorable market conditions," its revenue is insufficient to support continued operations, leading to the decision to gradually wind down. Users must withdraw their assets before 23:59 UTC on July 16, after which the platform will no longer be accessible.In 2022, Satori Finance completed a $10 million seed funding round led by Polychain Capital, with participation from Coinbase Ventures and Jump Crypto. The platform was deployed across multiple networks including Arbitrum, Optimism, and BNB Chain, and initially featured 25x leverage and an "points mining" incentive model. (The Block)
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the Solana validator client Firedancer, developed by Jump Crypto, is now officially running on the Solana mainnet and has started producing blocks.Firedancer Lead Engineer Ritchie Patel stated that over the past few months, the client has processed tens of millions of transactions. However, the team is currently adopting a gradual deployment strategy and has no plans for a large-scale public rollout. Patel noted that until all security audits are complete, upgrading more than half of the network's validators simultaneously would pose significant risks.Firedancer is an independent validator client developed by Jump Crypto for Solana, aimed at enhancing network performance and reducing the risks associated with reliance on a single client. Patel indicated that the project's architecture draws from traditional high-frequency trading systems, with the goal of bringing blockchain performance closer to that of conventional financial market infrastructure.Additionally, the team has recently concluded a public security audit competition with a total prize pool of $1 million. According to Patel, with Firedancer's gradual deployment, the Solana network's stability during high-concurrency scenarios such as meme coin and NFT trading has already seen a notable improvement. (CoinDesk)
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: The Solana Foundation has announced that its core development team, Anza, has reached an agreement with Jump Crypto's Firedancer on a potential post-quantum solution, planning to introduce a new digital signature scheme called Falcon. Although the threat of quantum computing is not expected to materialize for several years, Solana has already developed a phased upgrade roadmap. The plan includes ongoing research into Falcon and other alternatives, introducing post-quantum schemes for new wallets when necessary, and ultimately completing the migration of existing wallets. Currently, the quantum-resistant primitive Winternitz Vault, developed by Blueshift, has been operating on Solana for over two years. The Solana Foundation stated that the network's high-speed, low-latency design is compatible with such solutions and expects the migration will not significantly impact performance.
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According to official announcements, Pumpcade—a live-stream prediction market and meme coin issuance platform—has secured $5 million in seed funding. Investors include Jump Crypto and Foundation Capital. Pumpcade is a Solana-based platform for instant meme coin creation and trading, integrated into the Pump.fun chat system and enabling one-click prediction market creation during live streams. Earlier, on April 2, Pump.fun led a $1 million pre-seed round for Pumpcade.
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