Crypto angel investor platform Echo completes first deal, raising $300,000 for Ethena

Odaily Odaily reported that Cobie’s crypto angel investor platform Echo has completed its first transaction, with Echo users investing US$300,000 in the synthetic dollar protocol Ethena. In addition, the most recent private placement sale valued Ethena at an FDV of $600 million, but participants in the deal were able to buy at the price when Ethena was previously valued at $300 million, minus the Echo platform's 5% commission. The deal was proposed by cryptocurrency trader Ser Shokunin, who confirmed the transaction details to The Block along with BitMEX co-founder Arthur Hayes, family office Maelstrom and venture capital firm Dragonfly. As a first-time trade on the platform, the group will not charge additional management or holding fees. (The Block) Crypto trader Cobie announced that his crypto angel investor platform Echo has begun beta testing. The main goal of this platform is to bring together crypto investors to collectively participate in various crypto projects. Currently, Echo is in the invitation testing phase, and invitation emails will be sent to early applicants starting on March 28.