Regulatory clarity, along with the success of Circle's IPO, has helped fuel a record venture capital surge in the stablecoin sector.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Alex Atallah previously co-founded OpenSea with CEO Devin Finzer in 2018 but stepped down from the NFT marketplace in 2022.
CoreWeave is negotiating to acquire Bitcoin (BTC) miner-turned-compute host Core Scientific, the Wall Street Journal reported on June 26, citing people familiar with the matter. The cloud infrastructure company attempted to acquire the miner for $5.75 per share in June 2024 but withdrew after Core Scientific’s board deemed the price inadequate. Core Scientific and CoreWeave […]
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The move would represent Bakkt's latest strategic shift, after launching Bitcoin futures trading, a tokenized rewards program, and custody services.
Jarsy aims to give everyday investors access to pre-IPO companies by issuing a token that directly tracks that company's private shares.
In June 2024, the firm offered approximately $1 billion to purchase Core Scientific, which rejected the bid.
Galaxy Asset Management closed a $175 million raise for Galaxy Ventures Fund I on Thursday, exceeding its initial $150 million target.
Zama closed a $57 million Series B at a valuation of over $1 billion, according to a statement on Wednesday.
Bit Digital will wind down BTC mining operations, sell stock & spin out its high-performance computing subsidiary to fund ETH purchases.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The move comes on the heels of similar news from Polymarket, which is reportedly "nearing a deal" to raise $200 million at a $1 billion valuation.
Tether's multi-billion dollar war chest has been deployed into several projects in recent years, including a Neuralink-style brainchip firm.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
DeFi Dev Corp and the Dogwifhat community will split staking income and other validator rewards after deducting operational expenses.
The expanded deal, which extends the loan’s maturity to July 2026, allows Hut 8 to tap an additional $65 million in non-dilutive capital.
The firm, which will go public through a merger with Nasdaq-listed Columbus Circle Capital Corp., was unveiled on Monday.
The financing could suggest renewed investor interest in prediction markets after the trading frenzy spurred by the presidential election.
Cathie Wood’s ARK Invest sold around $110 million worth of Circle (CRCL) shares on June 23, continuing a wave of profit-taking just weeks after the stablecoin issuer went public. According to the firm’s latest trading disclosure, the firm’s ARK Innovation ETF (ARKK) offloaded the most significant chunk of CRCL with the sale of 306,921 shares, […]
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Nano Labs became the second company this week to announce a BNB treasury plans, as corporate crypto accumulation accelerated.
The funding aims to accelerate institutional and decentralized finance adoption of the privacy-focused Canton Network.
BNB, the fifth-largest crypto by market cap, is currently trading hands at around $630, up nearly 5% on the day.
The Truth Social parent company previously disclosed a Bitcoin treasury scheme funded by a $2.3 billion private placement offering.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Paris-based internet-of-things firm Sequans plans to raise $385 million via private placements to fund a BTC acquisition strategy.
The firm will invest in decentralized infrastructure, middleware, and consumer applications at the intersection of blockchain and AI.
Involved parties have raised $516.5 million in equity and $235 million in convertible notes, according to a statement.
The crypto exchange OKX is reportedly considering an initial US public offering (IPO) as the wave of crypto firms entering public markets gains momentum. Although the exchange has not officially confirmed these plans, Chief Marketing Officer Haider Rafique hinted at the possibility during a conversation with The Information, suggesting an IPO could be on the […]
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The startup is confident its trading capabilities can rival giant centralized exchanges like Binance and Coinbase.
Veda is designed to enable apps, protocols, and institutions to offer onchain yield products without DeFi complexity.