Blum raises USD 5 mn in pre-seed and seed funding: Dubai-based Blum, a decentralized trading platform operating via Telegram, raised USD 5 mn in pre-seed and seed funding to expand its AI-driven crypto trading tools, according to a post on X. Led by gumi Cryptos Capital, the funding round also saw participation from YZi Labs, Spartan Capital,OKX Ventures, Wintermute, No Limit Holdings, and Bitscale.

The startup is gearing up for a token listing in 1Q 2025 and an upcoming airdrop — which is when crypto firms distribute tokens to wallet addresses at no charge.

About Blum: Founded by Gleb Kostarev (Linkedin) and Vladimir Smerkis (Linkedin), Blum is a UAE-based decentralized trading platform on Telegram, which created an AI-powered “trade to earn” model that has attracted over 1 mn users and a 32 mn-member Telegram community. The platform simplifies crypto trading via a Telegram bot, enabling users to manage assets and earn rewards through active participation.

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