Fundraising
Crypto’s easy-money era is ending in a wave of failures
Inflated valuations and weak business models are driving crypto’s shakeout, Global Settlement Network CEO Ryan Kirkley says.
Crypto-friendly bank Erebor in talks to raise $1.5 billion at $9.5 billion valuation: FT
Total deposits grew from $1.1 billion in March to $4.6 billion by July, driven by clients in crypto, AI and defense.
Citadel Securities invests $400 million in Crypto.com, valuing exchange at $20 billion
The exchange's first institutional funding round values it at $20 billion and will fund expansion into tokenized securities and derivatives.
Crypto brokerage firm Alpaca raises $135 million for tokenized stock infrastructure
The company has previously cleared or held in custody roughly 94% of tokenized U.S. equities and now holds over $1.5 billion in underlying stocks.
EDX Markets raises $76 million in funding round led by SBI Holdings
EDX’s model targets institutional clients by separating trading from custody through a central clearinghouse to minimize counterparty risk.
EToro invests in onchain derivatives platform Extended as brokers race into DeFi
The broker plans to bring perpetual futures into Zengo wallet and expand DeFi products to its core platform as rivals like Robinhood expand onchain offerings.
Crypto's next frontier isn't crypto, it's financing AI and robotics, Framework's Anderson says
Blockchain is becoming the financial layer for capital-intensive industries rather than just crypto-native speculation, Michael Anderson, the crypto venture firm's cofounder, said.
Canton Network developer raises $355 million to bring Wall Street onchain
The investment comes as blockchains designed for big banks and institutions are having a moment, with Stripe's Tempo and Circle's Arc raising hundreds of millions of dollars.
Zerohash pursues new funding at more than $1.5 billion valuation after Mastercard drops investment plans
Crypto infrastructure providers are drawing renewed investor interest as Wall Street deepens its push into digital assets.
Crypto wallet provider Ledger puts U.S. IPO plans on hold due to market conditions
The French crypto security firm, which is said to have explored a potential $4 billion U.S. listing, is reassessing its public market plans as volatile conditions weigh on investor appetite for crypto IPOs.
