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Web3 Investors from 16 nations converged to witness these 6 Graviton-backed Indian startups make their pitch.

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Graviton Web3 Accelerator’s digitally simulcast Demo Day event saw participation from VCs and angels around the world, focused on a cumulative raise of $10Mn for their first cohort. 

Graviton, a web3-focused accelerator for emerging markets backed by global VCs such as Hashkey Capital, Moonrock Capital, NGC Ventures, 369 Capital, Ascensive Assets, Stacker Ventures, MH Ventures, G1 Ventures, Infinity Ventures Crypto (IVC), and GravityX Capital, recently organized its first-ever digitally simulcast Demo Day.

The event saw participation from over 70 global investors from 16 countries, with all eyes converging on what the six teams at Graviton are busy building and scaling. These teams have emerged as outliers from a pool of 300+ startups that had applied to get accelerated through the Graviton ecosystem.

Graviton’s uniquely designed accelerator program arms a limited cohort of promising early-stage web3 founders with a healthy infusion of institutional capital (marked by a seed investment into each team), technical grants and integrations from a vast partner ecosystem, mentorship from proven industry experts to help the teams with business strategy, tech fundamentals, growth marketing, and fundraising, as well as expanded networking opportunities to help them raise serious capital in the long run. 

“While the ongoing ‘bear market’ sentiment fosters a conservative investment mindset around the world for crypto platforms, we at Graviton believe that world-class technology products led by visionary founders are always ahead of the curve, and always lucrative to serious investors”, remarked Arpit Nik (Founder & CEO at Graviton and a General Partner at GravityX Capital). Arpit and team have been hard at work since December last year, to identify India’s strongest founders with a penchant to build for the decentralized web. 

The six teams that emerged frontrunners amidst a plethora of applicants, include:

Spydra – An enterprise grade blockchain solution that is helping large organizations migrate their existing tech stack from web2 to web3, making the transition as frictionless as possible. Led by the seasoned and suave Manish Tewari (with massive previous exits at Koovs.com and Pokkt), Spydra is powering the largest status-quo migration in enterprise tech, since the advent of AWS and cloud-computing. They’re already clocking an annual run rate of $100K in revenue, servicing clients such as Raymond, Myntra, and the National Payments Corporation of India. 

Wall – This team is solving one of the most significant challenges of web3, i.e. community building. Wall helps businesses acquire and take community members through beautifully mapped custom user journeys, helping them claim rewards (such as Airdrop tokens), while completing platform-mandated tasks across multiple touch points (such as Twitter, Telegram, Discord, etc). It offsets the community moderation costs for emerging web3 platforms, and after helping 40+ projects design custom reward pathways, Wall is fast emerging as the go-to community building solution for L1 and L2 ecosystems.  Wall is helmed by Anuj Kumar Kodam (ex IIT Kharagpur, IIM Calcutta, and formerly part of the founder’s office at Ola Cabs). 

Strive – Global opinion on the utility of NFTs is divided, and Strive is here to change that. With a proprietary layer that facilitates the sharing and trading of NFT utilities, the team is expanding the possibilities of what one can do with NFTs today. Using Strive, any business, brand, or artist-led community can monetize their audience and influence with ease. Kartik Mehrotra (ex UC Berkeley) leads the show at Strive Network. 

Zoth – Crypto users of today are struggling to find secure and passive income generating opportunities, despite the total value of crypto finance having breached $1Trillion as of 2022. Pritam Dutta (ex Ab-InBev, Mahindra & Mahindra) and team Zoth are on a mission to democratize global access to affordable capital, through the tokenization of real world assets. They’ve already deployed $500K in capital, and have a little under $10M in their managed assets pipeline. 

Fetcch – The motto and creed at Fetcch is to make web3 payments as simple as Venmo or Paypal. Mandar Ray, CEO at Fetcch, explains that they’re building an abstracted middleware layer that removes the complexities associated with wallet addresses, which in turn is a giant leap towards the mainstream adoption of web3. Recently, the team has opened up beta access to Fetcch Pay, their flagship payments product. 

GG Nation – eSports is booming, and team GG Nation has done a stellar job of capturing the mindshare of student gamers across 250+ Indian colleges in 18 cities. Today, GGNation has more than 200,000 gamers on its roster, with an aim to onboard India’s first million gamers. Abhinandan, the founder and CEO, has a remarkable track record with two of India’s biggest sports IPs, Indian Racing League and Premier Futsal, achieving impressive media value, viewership, and live attendance.

Over the last 16 weeks, these teams have been immersed in interactive workshops with a team of 50+ remarkable mentors – all of whom are established thought leaders in their respective domains. And in exchange for their time and imparted wisdom, Graviton has created a circular rewards model, with each mentor acquiring nominal equity in these teams, proportionate to the time they spend nurturing each product. Arjun Kalsy (ex-Growth lead at Polygon), for instance, has a vested interest in the success of each of these six teams, as one of their growth mentors. The same is true for Parth Chaturvedi of Coinswitch Ventures, Vijay Pravin of bitsCrunch, and many others who have become an integral part of the growth journeys of all 6 teams.

The success of Graviton’s Demo Day is owed largely to the efforts of Program Director Jeffrey Broer, who is a seasoned web3 investor at Mulana Capital, and a highly sought-after blockchain mentor and speaker. 

“Supporting visionary entrepreneurs on their transformative journeys in the web3 realm brings me immense joy. I extend my heartfelt gratitude to the nurturing Graviton ecosystem for promoting an inclusive culture of progress. May the six teams embark on a remarkable path of growth and achievement!”

– Vijay Pravin (CEO, bitsCrunch & Growth Mentor at Graviton)

“All hands aboard is the philosophy that drives us to help startups and founders. We’re glad that this team of web3 disruptors came together at Graviton, and forever indebted to our invaluable mentors, who have helped craft this journey together. With everyone’s hearts set on building sustainably for the decentralized internet, we’re just really excited about what the future holds for the Indian web3 space”

– Vishal Sanap (Head of Portfolio Growth & Development at Graviton)

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Crypto

Binance Faces Renewed Legal Battle Over Alleged $80M BTC Theft

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A Florida scam victim will get a second chance to pursue legal action against Binance Holdings Inc. after a state appeals court ruled that a lawsuit over the alleged theft of $80 million worth of Bitcoin can move forward. The Florida Third District Court of Appeals determined on Wednesday that a lower court improperly dismissed the case for lack of personal jurisdiction, stating the plaintiff presented a plausible argument that Binance conducts business activities connected to Florida users.

The lawsuit, originally filed in state court, claims scammers gained access to the victim’s Binance account and transferred roughly $80 million in Bitcoin off the exchange. According to the plaintiff, Binance was notified immediately and provided with transaction details but did not freeze the stolen assets in time, allowing the funds to vanish permanently. The defendant argues it has no direct operational presence in Florida, but the appeals court disagreed, reviving the case and sending it back to the trial court for further proceedings.

The decision does not determine whether Binance is liable, but it opens the door for discovery, hearings, and evidence collection. Legal analysts say the ruling could have wider implications for global crypto exchanges that serve U.S. users while attempting to avoid state-level jurisdiction.

This lawsuit adds to Binance’s broader legal challenges over the past two years, including federal scrutiny regarding compliance and operational practices. As the case progresses, the Florida court will assess whether Binance can be held responsible for failing to safeguard customer assets amid an alleged sophisticated crypto theft.

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Crypto Currency

Sony’s Big Step Into Stablecoins & Web3 Infrastructure

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Revolutionary: Sony’s Soneium Layer 2 Integrates Startale USD Stablecoin for Seamless Transactions

Sony’s Ethereum-based Soneium Layer 2 network has officially integrated the Startale USD stablecoin, marking a significant advancement for blockchain adoption. This move introduces a native digital dollar tailored for the Soneium ecosystem, setting the stage for smoother transactions and stronger Web3 utility. The integration highlights Sony’s strategy to make cryptocurrency both practical and accessible.

The Startale USD stablecoin, USDSC, now acts as the primary transactional currency within Soneium. According to Sota Watanabe, founder of Astar Network and CEO of Startale Labs, USDSC powers all financial operations in the Startale ecosystem. Users can expect low-cost transfers, minimal volatility, and fast settlement times across the network. This solves one of blockchain’s longstanding issues—reliable value transfer—by anchoring transactions to a stable asset that avoids the price swings of typical cryptocurrencies. Soneium leverages Ethereum’s security while delivering major improvements in scalability and speed through its Layer 2 architecture.

Sony’s stablecoin integration is an important marker for broader crypto adoption. It demonstrates how large corporations can collaborate with crypto-native projects to build real-world utility. With lower transaction fees, predictable pricing, and a frictionless user experience, Sony’s move opens the door for millions of users to interact with blockchain-backed applications for the first time. Stablecoins like USDSC eliminate volatility concerns, encouraging broader use of digital payments and decentralized financial tools.

This development also strengthens the wider Ethereum ecosystem. Corporate deployments on Layer 2 networks validate Ethereum’s scaling roadmap and encourage more developers to build applications using this approach. As major brands expand their Web3 footprints, Ethereum’s network effects deepen, driving further innovation and user adoption. However, regulatory pressures surrounding stablecoins remain a challenge, and Sony will need to navigate compliance carefully. User adoption will ultimately determine whether Soneium becomes a widely used blockchain environment.

Looking ahead, the integration of Startale USD is likely only the beginning of Sony’s blockchain ambitions. Potential future applications include seamless in-game payments, NFT-based collectibles, Web3 loyalty systems, decentralized identity tools, and interoperable digital assets across Sony platforms. By partnering with Startale Labs, Sony gains specialized blockchain expertise while focusing on its strengths in entertainment, gaming, and consumer technology.

Sony’s adoption of the USDSC stablecoin marks a major milestone in corporate blockchain integration. It blends the power of decentralized finance with the reach of a global tech leader, offering a practical pathway for mainstream audiences to interact with crypto-based systems. If successful, this model could inspire other major corporations to embrace blockchain technology and reshape digital finance for everyday users.

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Blockchain

Aerodrome Finance Faces DNS Hijacking Attack: Users Redirected to Phishing Sites

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Aerodrome Finance — one of the largest decentralized exchanges (DEXs) on Coinbase’s Base network with more than $400 million in total value locked — has suffered a DNS hijacking attack that compromised its front-end website late Friday.

According to the Aerodrome team, attackers managed to infiltrate the centralized domain settings for aerodrome.finance and aerodrome.box, redirecting unsuspecting users to phishing sites designed to steal wallet credentials and drain funds.

Importantly, no smart contracts were compromised. All on-chain components of the protocol — including liquidity pools and treasury funds — remain fully secure.

What Happened? Aerodrome’s Domain Hijacked

The attack targeted Aerodrome’s DNS configuration, allowing hackers to replace the legitimate website with a malicious clone.
Users interacting with the fake interface risked signing transactions that transferred tokens to attacker-controlled wallets.

Because the exploit occurred at the domain level, Aerodrome is now urging users to:

  • Avoid visiting aerodrome.finance and aerodrome.box
  • Use the ENS-backed decentralized mirror:
    aero.drome.eth.limo

Aerodrome stated that My.box, the domain provider, is currently investigating whether a system-level vulnerability enabled the hijack.

User Risks and Safety Guidelines

To protect users from further harm, Aerodrome issued urgent safety recommendations:

Use Only Verified Links

ENS domains bypass traditional DNS infrastructure, reducing the risk of tampering.

Revoke Recent Token Approvals

If a user unknowingly interacted with the phishing domain, criminals could still drain funds through previously granted permissions.
Tools like Revoke.cash allow users to quickly remove risky approvals.

Double-Check Transactions

Never approve token transfers or contract interactions through unverified websites.

Aerodrome previously suffered a similar front-end exploit in late 2023, which resulted in $300,000 in losses. This highlights a recurring challenge across Web3 platforms: while smart contracts may be secure, front-end attacks remain a persistent threat.

Market Response: AERO Token Remains Stable

Despite the security scare, the AERO token remained remarkably stable:

  • Trading at ~$0.67
  • Up 2% in the past 24 hours

Investor confidence appears intact, likely due to clarity that the exploit affected only the website’s front end — not the underlying DeFi infrastructure.

The incident also arrives just days after Aerodrome announced a major merger with Velodrome, combining liquidity and governance elements across Base and Optimism under a unified Aero ecosystem.

Ongoing Investigation

Aerodrome’s security team continues to collaborate with cyber specialists and infrastructure partners to trace the cause and verify the full scope of the attack.

Until the official domains are confirmed safe, the team advises users to rely exclusively on decentralized ENS-based access points.

The event also comes amid rising threats across the crypto space, including the Lazarus Group’s recent $1.4 billion theft from Bybit, underscoring escalating risks in centralized and semi-centralized Web3 systems.

Conclusion

The Aerodrome DNS hijacking attack serves as a powerful reminder that even secure DeFi protocols can be undermined by vulnerabilities at the interface layer. While user funds controlled by smart contracts remain safe, front-end exploits pose serious risks and demand heightened vigilance.

As Aerodrome works toward restoring full security and transparency, users are strongly advised to verify URLs, revoke suspicious approvals, and follow official updates.

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