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Finance

MEXC Ventures Raises Ethena Investment to $66M

The new investment builds on previous purchases of ENA and USDe, its synthetic stablecoin that tracks the value of the dollar without traditional reserves.

Seed Funding Investment coins in a jar (Towfiqu barbhuiya/Unsplash/Modified by CoinDesk)

Markets

Coinbase’s Bitcoin-Backed Loans Surpass $1B as Exchange Prepares to Lift Borrowing Cap

The crypto exchange said it plans to raise its borrowing cap from $1 million to $5 million.

Coinbase logo shown on a laptop screen

Finance

Republic to Tokenize Animoca Brands Equity on Solana to Broaden Investor Access

Tokenizing Animoca's private equity will expand global access while adhering to existing securities rules, Republic said.

Yat Siu, co-founder and executive chairman of Animoca Brands. (Shutterstock/CoinDesk)

Finance

CoinRoutes Acquires QIS Risk For $5M to Bolster Institutional Crypto Trading Tools

The deal brings together CoinRoutes’ execution technology with QIS Risk’s portfolio and risk management tools.

Scattered pile of $1 bills (Gerd Altmann/Pixabay, modified by CoinDesk)

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Markets

Robinhood Eyes Global Expansion of Prediction Markets After U.S. Debut: Bloomberg

The retail trading platform is exploring launches in the UK and Europe after teaming up with Kalshi in August.

Robinhood logo on a mobile phone. (appshunter.io/Unsplash)

Markets

Here’s What Happens to Solana, Litecoin ETFs in U.S. Government Shutdown

Issuers race against the clock as SEC faces possible furloughs and decision deadlines pile up in October.

(Andrew Harrer/Bloomberg/Getty Images)

Markets

Bit Digital Shares Slide 8% on $135M Upsized Convertible Note

The crypto miner increased the offering from $100 million and plans to use proceeds to buy ether.

BTBT Share Price (TradingView)

Markets

PEPE Falls 2.6% After Failing to Breach Resistance Levels

Despite the drop, PEPE's derivatives market activity remains strong, with open interest reaching $560 million and trading volume at $1.2 billion.

PEPEUSD (CoinDesk Data)

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Markets

Citizens Starts Circle Coverage With Market Perform Rating on Stablecoin Growth, Valuation

Circle is positioned to benefit from surging stablecoin adoption and supportive regulation, but the company’s valuation already reflects much of the upside.

Circle Internet President Heath Tarbert

Finance

Gate Rolls Out Token Launcher ‘Gate Fun’ on New Layer-2 Network

The exchange’s new token launchpad lets users create and trade tokens in minutes, expanding the ecosystem around Gate Layer, its recently launched OP Stack–based blockchain.

Gate (Gate)