The company will change its ticker from VAPE to BNC and operate its BNB treasury strategy under the name BNB Network Company.
The LTC tokens were purchased at an average price of $107.58 between July 30 and Aug. 4. At current market prices of around $124, the LTC treasury is now valued at about $115 million.
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.
Stable, a new blockchain built for stablecoins, has raised $28 million in seed funding as it bets on USDT as the future of onchain payments.
180 Life Sciences has entered into a $425 million PIPE agreement with over 60 investors to build an Ethereum treasury strategy.
The funding is more than seven times the amount the project sought to raise, as it sets out to provide free USDT transfers.
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 following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Dan Tapiero's 10T and 1RT funds have consolidated and rebranded as 50T. The consolidated firm has launched a new $500 million growth equity fund.
Andreessen Horowitz has invested in Poseidon, a full-stack decentralized data layer built on the IP-focused Story protocol.
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.
Blockskye helps corporates like PwC cut travel costs by connecting directly with airlines and streamlining payments.
XMTP is relaunching inside Coinbase's new Base app, moving from an optional tool to native infrastructure.
The platform aims to close the cash yield gap between Europe and the U.S., projecting to reach $1 billion in AUM by the end of the year.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Hyperliquid Strategies is expected to hold 12.6 million HYPE tokens and $305 million in cash at closing of the deal.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The firm plans to lead Series A rounds in companies building on Bitcoin with initial checks ranging from $3 million to $8 million.
Kuru blends AMM functionality with the central limit order book (CLOB) architecture on the Monad Layer 1 blockchain.
Earlier this year, Ondo Finance launched a platform to give onchain exposure to U.S. securities such as stocks, bonds, and ETFs.
Capital will support the development of the open-world shooter "Reaper Actual," slated for release on Steam and the Epic Games Store.
The Open Platform plans to use its financing to expand geographically, which entails launching portfolio companies in the U.S., EU, and other areas.