With the investment led by Fulgur Ventures and Framework, the firm plans to scale its bitcoin-denominated life insurance and annuity products designed to combat inflation risk.
Spot bitcoin ETFs saw $127 million in net outflows and the Bitcoin life insurance firm Meanwhile raised $40 million in Series A financing.
"We see a great opportunity in the market for liquid tokens when you look at current valuations," Node Capital's Amos Meiri told The Block.
Based in Bermuda, Meanwhile offers a "BTC Whole Life" insurance product, which is a "whole life" insurance plan that's based in bitcoin.
Arch Network is working with DPI Capital to write first checks for "pillar" protocols building on the Bitcoin DeFi project.
Former Binance CEO Changpeng 'CZ' Zhao also joins Pakistan Crypto Council as advisor, and the stablecoin startup Cap raised $8 million in seed funding.
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.
The popular crypto commentator will stay on as an advisor to the influential firm as he doubles down on expanding the SEAL 911 security team.
The following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
"You can't IPO into a market collapsing like 2008,” Austin Campbell, CEO of payments firm WSPN, told The Block.
The startup is building a blockchain geared for stablecoins on Optimism in a bid to boost enterprise use cases.
After a five-year absence, CoinList is making a U.S. comeback and hosting its first token sale for DoubleZero Foundation.
Bpifrance's ability to make direct token investments became "much more urgent" in light of the United States' accelerating crypto strategy.
Capital providers have been "more sensitive towards VC funding due to the general market conditions," said Maven 11's Balder Bomans.
Strobe Ventures led the round with participation from Brevan Howard and angels Rune Christensen, Andre Cronje and Stani Kulechov, among others.
Blockchain oracles like Chronicle are key piece of infrastructure to connect blockchain-based assets with off-chain data.
The company is focused on providing consumers with a way to spend stablecoins with limited friction.
The firm previously raised $1.5 billion, which it deployed slowly following the crypto market downturn in 2022.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The Walrus Foundation plans to use its financing to continue developing Walrus, which is expected to launch on mainnet on March 27.
The credit line is for moments of extreme liquidity demand, such as the recent Trump memecoin launch, MoonPay CEO Ivan Soto-Wright told The Block.
The TON Foundation said a group of VCs including Sequoia Capital, Ribbit, Benchmark and Kingsway invested over $400 million buying Toncoin.
The venture landscape's contraction appears to be affecting all crypto categories somewhat uniformly.
VCs from M13 maintain that launching tokens is an effective way to bootstrap liquidity, as long as it's done thoughtfully.
The announcement follows recent raises by Utila, Crossmint and Reown as investment in crypto wallet infrastructure gains pace.
Utila provides digital asset infrastructure for institutions, focusing on stablecoin payments and tokenization.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Crossmint plans to develop AI agent infrastructure and other enterprise blockchain tools with its fresh financing.
The protocol's lvlUSD stablecoin hit $80 million market capitalization since its beta launch and outperformed rival yield-generating stablecoins, founders told CoinDesk in an interview.