The deal is part of MEXC’s broader push into Southeast Asia, a region the firm sees as a major growth market for digital assets.
The deal was led by Kingsway Capital and includes over 110 investors, including Blockchain.com and Ribbit Capital.
Venture firms are backing OpenMind, a startup building a decentralized operating system for robots, founded by a Stanford professor.
The Rialo network is designed to make developing blockchain applications as easy as building scalable web2 products.
180 Life Sciences has entered into a $425 million PIPE agreement with over 60 investors to build an Ethereum treasury strategy.
Asymmetric’s Liquid Alpha Fund has shut down, reportedly after steep losses. I asked top VCs why liquid strategies are struggling — and what it takes to get them right.
Galaxy Digital moved nearly 30,000 BTC — worth around $3.5 billion — to exchanges. SharpLink has named Joseph Chalom as its new co-CEO.
The Hong Kong-based crypto firm said it plans to use the proceeds for its international expansion and stablecoin initiatives.
Crypto inflows are up nearly 50% since May and are on track to comfortably surpass last year’s record total, JPMorgan analysts said.
The platform will enable users to invest in new projects, similar to the Echo angel investing platform founded by Cobie.
Mercurity's Solana strategy is additive and does not replace plans to invest in bitcoin, chief strategy officer Wilfred Daye told The Block.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Tether's multi-billion dollar war chest has been deployed into several projects in recent years, including a Neuralink-style brainchip firm.
The funding aims to accelerate institutional and decentralized finance adoption of the privacy-focused Canton Network.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Tether Investments' approximate 31.9% stake in Elemental is worth around $89 million at an acquisition price of $1.14.
SOON plans to use the funds to deliver high-performance chains and trading tools, expand further into the RWA space, and scale its copy-trading product.
Atticus, currently in stealth-mode, could get a valuation of between $1.5 billion to $2 billion and become this year's first stablecoin unicorn.
Eternis AI is developing Freysa AI and has raised $30 million from Coinbase Ventures, Selini Capital, and others.
The team plans to invest upwards of $500,000 in around 30 early-stage startups involved in tokenization, stablecoins, and infrastructure.
Telegram is looking to raise $1.5 billion, including from existing backers like BlackRock and Abu Dhabi’s investment firm Mubadala.
Earlier this year, Echo called out VC "hostility." Now, top funds like Paradigm and Coinbase Ventures are leading groups on the crowdfunding platform.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Treehouse Finance has raised fresh funding at a $400 million token valuation to expand its DeFi fixed-income platform.
Other investors include prominent financial institutions Susquehanna and Triton Capital as well as dozens of crypto native firms and angels.
Stablecoins are one of crypto's clearest success stories — and VCs are treating them as a serious long-term bet. Here’s why.
After a five-year absence, CoinList is making a U.S. comeback and hosting its first token sale for DoubleZero Foundation.
Capital providers have been "more sensitive towards VC funding due to the general market conditions," said Maven 11's Balder Bomans.
The TON Foundation said a group of VCs including Sequoia Capital, Ribbit, Benchmark and Kingsway invested over $400 million buying Toncoin.
The financing MGX's first investment into a crypto and blockchain firm, with MGX also acquiring a minority stake in Binance.