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The following article is adapted from The Blockâs newsletter, The Daily, which comes out on weekday afternoons.Happy Monday! With Fed rate cuts now looking increasingly likely, bitcoin is holding onto September gains after its late-August slide â but may not be out of the woods yet.In today's newsleâŚ
TLGY Acquisition Corp. and StablecoinX Assets Inc., which are looking to combine and list on Nasdaq as StablecoinX (ticker USDE) in Q4 2025, announced on Friday a new $530 million private investment in public equity (PIPE) financing round to build out its Ethena treasury strategy. The new round brinâŚ
Singapore-based crypto advisory firm BlockSpaceForce has partnered with local licensed fund manager Mainnet Capital to launch a new hedge fund dedicated to investing in crypto-linked public companies, including digital asset treasury (DAT) firms.The vehicle is structured as a sub-fund of an unnamed âŚ
Coinbase Ventures, the investment arm of crypto exchange Coinbase, now holds Toncoin (TON), the native token of The Open Network blockchain that powers Telegramâs web3 infrastructure."While we canât disclose the size of their position, their support speaks volumes," the TON Foundation said in an X pâŚ
Euphoria, a MegaETH-based crypto derivatives trading app under development, has raised $7.5 million in seed funding, aiming to become a "breakout" consumer app for the crypto market.The $7.5 million raise includes a $2.5 million pre-seed round raised in November 2024 and a $5 million seed round raisâŚ
Bitcoinâs decentralized finance (DeFi) ecosystem is experiencing renewed venture capital (VC) interest, signaling more demand for the worldâs first cryptocurrency as it gains utility as a yield-bearing asset.Bitcoin DeFi, or BTCFi, is a technological paradigm that seeks to bring decentralized financâŚ
Crypto venture firm Polychain Capital has offloaded its stake in Celestia, the Celestia Foundation announced Thursday, marking a significant exit by one of the modular blockchain network's most prominent early backers. The Celestia Foundation repurchased $62.5 million worth of TIA tokens from PolychâŚ
Venture capital firm Paradigm has led the Series A $11.5 million funding round for Kuru Labs, a startup building a decentralized exchange on the high-performance Ethereum-compatible Monad Layer 1.Kuru uses a "hybrid CLOB-AMM model" that combines the automated market maker (AMM) functions often seen âŚ
Bitcoin is closing in on a new high, buoyed by renewed optimism that the United States and China have reached a final agreement on their long-awaited trade deal.The worldâs largest trading economies have nearly finalized their trade agreement, according to a June 11 post on Truth Social by US PresidâŚ
The top 220 holders of US President Donald Trumpâs memecoin met yesterday at the presidentâs golf course in Virginia for an exclusive dinner and purported meet-and-greet.Attendees spent a grand total of $148 million for an âultra-exclusive VIP reception with the president,â which crypto industry advâŚ
Amsterdam-based Theta Capital Management raised over $175 million for its latest fund-of-funds, aimed at supporting early-stage blockchain startups through specialized venture capital (VC) firms.The new vehicle, Theta Blockchain Ventures IV, will channel capital into crypto-native VC firms with a trâŚ
Microsoft is integrating new blockchain data feeds into its Fabric analytics platform through a partnership with crypto startup Space and Time Labs (SXT), which a Microsoft venture unit has previously backed. According to an announcement on Tuesday, Space and Time will provide Fabric users with âreaâŚ