Breaking crypto and Web3 news, analysis and market intelligence for institutional investors.
TRON (TRX) has witnessed a significant resurgence in investor interest following the introduction of USDD 2.0, a revamped version of its stablecoin. This fresh iteration, designed to address the shortcomings of its predecessor, has stirred investor optimism, contributing to a notable price increase and a surge in trading activity. Justin Sun, the founder of TRON, … Read more
Phantom, a prominent cryptocurrency wallet provider, has successfully raised $150 million in a Series C funding round, propelling its valuation to $3 billion. The round was led by renowned venture capital firms Sequoia Capital and Paradigm, with participation from prominent investors such as Andreessen Horowitz and Variant. CEO Brandon Millman emphasized Phantom’s commitment to making … Read more
South Korea’s Financial Intelligence Unit (FIU) has issued a suspension notice to Upbit, a leading cryptocurrency exchange, for alleged Know Your Customer (KYC) violations. The FIU proposes a six-month suspension on new user registrations, while existing users will remain unaffected. Upbit has until January 20th to respond to the proposed restrictions, with the final … Read more
Reown, the company behind the popular WalletConnect protocol, has successfully closed a $13 million Series B funding round, bringing its total funding to $38 million. This investment will be used to further develop Reown’s onchain user experience (UX) platform, comprised of the Reown AppKit and Reown WalletKit SDKs. Funding Round Led by Prominent Investors The … Read more
Bithumb, a leading cryptocurrency exchange in South Korea, has announced the addition of three new tokens to its trading platform: Adventure Gold (AGLD), Cobak Token (CBK), and Hippocrat (HPO). Starting at 6:00 PM on Thursday, January 16, 2025, these tokens will be available for trading against the Korean Won (KRW). Adventure Gold (AGLD): AGLD serves … Read more
Upbit, a major cryptocurrency exchange, recently revealed a substantial holding of 255,868,438.556 ONDO tokens, valued at $304,483,441.88. This represents approximately 2.5587% of the total token supply, signifying a significant investment and potentially influencing ONDO’s price dynamics. Whale Watch: Impact of a Major Holding Confidence Boost: This concentrated holding suggests strong confidence in ONDO’s future, potentially … Read more
Coinbase, the largest US-based crypto exchange, announced the addition of Toshi (TOSHI) to its listing roadmap. This news sent TOSHI’s price soaring nearly 70% before profit-taking kicked in. TOSHI, a token built on the Base network, joins QCAD and Peanut the Squirrel on Coinbase’s listing roadmap. The exchange emphasized that its listing decisions are based … Read more
Cryptocurrency derivatives exchange Deribit has engaged financial technology advisors, FT Partners, to explore potential strategic options, including a possible sale of the company. While initially hired in early 2023 to facilitate secondary stock sales for existing investors, FT Partners’ mandate has expanded to include assessing potential acquisition bids. Sources close to the matter suggest Deribit … Read more
Switzerland and Singapore-based crypto bank Sygnum has secured $58 million in a strategic growth round, surpassing a $1 billion valuation and achieving Unicorn status. Fulgur Ventures led the round, with participation from existing and new investors, including Sygnum team members. The funding will be used to expand product offerings with a focus on Bitcoin technology, … Read more
PayPal USD (PYUSD) made a significant splash upon its launch in late 2024, marking a crucial step for traditional finance into the Web3 space. However, its initial momentum has waned, with the market cap declining significantly from its peak of over $1 billion. A Fading Spark: The decline in PYUSD’s market cap coincides with a … Read more