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Ethereum staking platform Kiln completes $17 million financing with 1kx as lead investor.

BlockBeats reported on January 18th that Kiln, an Ethereum staking platform, has completed a $17 million funding round. The round was led by 1kx with participation from IOSG, Crypto.com, Wintermute Ventures, KXVC, and LBank. This new funding round is an extension of the $17.6 million Series A funding round announced by Kiln in November 2022. Kiln has raised a total of $35 million from investors since its launch, with backers including Illuminate Financial, Kraken Ventures, Avon Ventures, Consensys, and GSR.

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Good morning! Here is a summary of important news in the cryptocurrency industry from last night and this morning on February 28th.

On-Chain Activity