Galaxy Digital Raises $1.15B via Exchangeable Debt Private Offering
Galaxy Digital is selling $1.15 billion in exchangeable notes in a private offering, a debt financing move reported on Oct. 28, 2025. The offering sparked market reaction, with the company's shares slipping following the announcement.
OceanPal Secures $120M PIPE to Launch AI Arm, Eyes NEAR Token Supply
OceanPal announced a $120 million private investment in public equity (PIPE) to back a new AI arm while maintaining its shipping operations separately. The round is backed by investors including Kraken and Fabric Ventures and positions OceanPal to target roughly...
Tokenization Firm Securitize to Go Public via SPAC at $1.25B Valuation with $225M PIPE
Securitize announced plans to go public through a SPAC deal that values the tokenization firm at $1.25 billion, alongside a $225 million PIPE financing. Existing investors ARK Invest and BlackRock will retain their stakes and are participating in the transaction...
Crypto Staking Firm KR1 Plans Move to London Stock Exchange Principal Market
Isle of Man-based crypto staking company KR1, currently listed on the Aquis small-cap exchange, plans to list on the London Stock Exchange's principal market, according to the FT. The move would shift KR1 to the LSE main market; financial terms...
Metaplanet Secures up to $500M BTC‑secured Credit Facility Alongside Share Buyback
Metaplanet announced on Oct. 28 that it authorized a share buyback and disclosed a Bitcoin‑secured credit facility of up to $500 million to support buybacks and liquidity. The facility is collateralized by BTC and was filed with the Tokyo Stock...
APRO Closes Strategic Seed Funding Led by YZi Labs’ EASY Residency
APRO, a decentralized oracle network, closed a strategic early-stage funding round led by YZi Labs via its EASY Residency program, with participation from Gate Labs, WAGMI Venture and TPC Ventures. Early backers Polychain Capital and Franklin Templeton also participated. The...
CipherOwl Raises $15M Seed to Power AI-Native Crypto Compliance
CipherOwl announced a $15 million seed financing to build its AI-native intelligence layer for institutional cryptocurrency compliance. The round was co-led by General Catalyst and Flourish Ventures with participation from Coinbase Ventures, Sancus Ventures, Enlight Capital, OKX Ventures, AME Cloud...
David Beckham-Backed Prenetics Raises $46.8M Backed by Kraken and Exodus to Advance Bitcoin Treasury
Health tech firm Prenetics announced a $46.8M funding round led by crypto firms Kraken and Exodus to support its bitcoin treasury strategy and growth toward $1B in annual revenue; proceeds could reach $216M. The raise was reported on 2025-10-27.
TZERO Announces Plans to Go Public to Scale Tokenization Platform
tZERO has announced plans for a public listing to scale its regulated tokenization platform across securities, real estate and digital assets as tokenization gains momentum. The company aims to leverage a public listing to expand its regulated marketplace and product...
Pave Bank Raises $39M Led by Accel to Expand Onchain Commercial Banking
Singapore-based Pave Bank raised over $39M in a funding round led by Accel, bringing total funding to more than $44M. Participants included Tether Investments, Quona Capital, Wintermute Ventures, Helios Digital Ventures, Yolo Investments, Kazea Fund and GC&H Investments.
Turtle Raises $5.5M Additional Funding, Bringing Total to $11.7M
Turtle, a Zug-based on-chain liquidity distribution protocol, raised an additional $5.5M in funding, bringing its total capital raised to $11.7M. The round included participation from numerous crypto and institutional backers.
Coinbase Acquired Fundraising Platform Echo as It Builds On‑chain Startup Lifecycle
Coinbase recently acquired fundraising platform Echo and plans to integrate it into its ecosystem to enable on‑chain incorporation, fundraising in USDC, and tokenized public listings. Echo has helped 200+ projects raise over $200M and will initially operate independently before deeper...
Ripple Completes $1.25B Acquisition of Prime Broker Hidden Road, Launches Ripple Prime
Ripple has closed its acquisition of global prime broker Hidden Road and rebranded the business as Ripple Prime. The unit, which Ripple said has tripled in size since announcement, serves 300+ institutions and will use Ripple's RLUSD stablecoin as optional...
Tether Invests $775M in Rumble as Platform Prepares Bitcoin Tipping
Tether has invested $775 million in video platform Rumble, which plans to roll out a Bitcoin tipping feature for its 51 million users in mid-December. Tether intends to leverage the partnership to promote its USAT stablecoin to U.S. users.
Ripple Completes Acquisition of Hidden Road to Expand Institutional Fintech Services
Ripple has completed its acquisition of Hidden Road to broaden its fintech offerings for institutional clients and enhance the utility and distribution of its RLUSD stablecoin. The deal positions Ripple as a more comprehensive fintech provider for institutional crypto and...
Pumpfun Acquires Trading Terminal Padre to Boost Memecoin Liquidity
Crypto token issuer Pumpfun (PUMP) has acquired trading terminal Padre to drive higher trading volumes and liquidity for its tokens amid a cooled memecoin market. The deal aims to support token activity and market engagement.
Strive (ASST) Acquiring Semler Scientific (SMLR) as Bitcoin Treasury Plays Struggle
Semler Scientific (SMLR), which began its bitcoin treasury strategy in mid‑2024, is in the process of being acquired by Strive (ASST). The deal comes amid plunging valuations for bitcoin treasury companies trading below the value of their BTC holdings.
Ripple‑backed Evernorth to Go Public via Merger with Armada Acquisition Corp. II in $1B+ Deal
Evernorth Holdings, backed by Ripple Labs, will go public through a merger with Armada Acquisition Corp. II that is expected to raise over $1 billion, including a $200 million investment from SBI Holdings. Additional backers include Ripple, Kraken, Pantera Capital...
Spark Allocates $100M to Superstate’s Crypto Carry Fund (USCC)
Decentralized lending platform Spark has moved $100 million of its stablecoin reserves into Superstate’s Crypto Carry Fund (USCC) to capture higher crypto yields. The allocation comes as Spark manages yield for a $9B USDS liquidity reserve and seeks enhanced returns...
Polymarket Secured $2B Investment From Intercontinental Exchange (ICE)
Polymarket previously secured a $2 billion investment from Intercontinental Exchange (ICE) at a $10 billion valuation. The platform says a native token is planned but US app launch and further fundraising (potentially valuing it at $15B) are priorities.
Relai Raised $12M Series A Led by Ego Death Capital
Swiss Bitcoin app Relai completed a $12M Series A in late 2024 led by Ego Death Capital, with participation from Plan B Bitcoin Fund, Timechain and Solit Group. The raise was disclosed alongside Relai's push to obtain a MiCA license...
Stable’s Phase 1 Pre‑deposit Campaign Hits $825M Hard Cap
Stable, a stablecoin‑focused layer‑1 blockchain, said Phase 1 of its pre‑deposit campaign hit the $825 million hard cap within minutes of opening. The campaign represents a large capital inflow tied to the project's token/pre‑deposit offering.
BlockStreet Raises $11.5M Seed Round Led by Hack VC
BlockStreet, building a unified liquidity layer for tokenized assets on Monad, has raised $11.5 million in a funding round led by Hack VC. The startup plans a Q4 2025 launch and is running a public testnet to onboard users and...
Pump.fun Acquires Padre Trading Terminal to Bolster Solana Memecoin Liquidity
Solana-based memecoin launchpad Pump.fun has acquired multichain trading terminal Padre to enhance liquidity and trading experience for tokens on its platform. Financial terms were not disclosed; the deal aims to support Pump.fun's market position amid cooling memecoin activity.
Tether Invested $775M in Rumble
Tether made a $775 million strategic investment in video‑sharing platform Rumble (RUM) last year, positioning the firm as a distribution partner for Tether's upcoming USAT stablecoin and its crypto wallet.
Ripple Completes $1.25B Acquisition of Hidden Road, Rebrands It as Ripple Prime
Ripple has completed its acquisition of global prime broker Hidden Road for $1.25 billion and rebranded the business as Ripple Prime. The deal expands Ripple into institutional prime brokerage and supports greater use of its stablecoin RLUSD and XRP in...
Pumpfun Acquires Multichain Memecoin Trading Terminal Padre
Pumpfun has acquired Padre, a multichain memecoin trading terminal operating on Solana, Base, Ethereum, and BNB Smart Chain, expanding Pumpfun's memecoin trading stack and challenging trading bots. The deal was announced on 2025-10-24; no financial terms were disclosed.
Polymarket Acquired CFTC-Registered Exchange QCX for $112 Million
Polymarket acquired QCX, a CFTC-registered derivatives exchange, for $112 million earlier in 2025 to enable a regulated U.S. relaunch. The purchase is intended to bring Polymarket’s prediction markets back to U.S. users in a regulated format and precedes plans for...
Aave Labs Acquires Stable Finance to Expand Consumer Onchain Savings
Aave Labs has acquired Stable Finance, a San Francisco startup that built a mobile app for stablecoin onchain savings. Stable’s founder and engineering team will join Aave Labs to integrate the startup’s consumer-focused technology into Aave’s product roadmap; terms were...
Kalshi Raises $300M From Paradigm, Sequoia and Andreessen Horowitz
Kalshi raised $300 million from venture firms including Paradigm, Sequoia, and Andreessen Horowitz to support its crypto and on‑chain expansion. The funding backs Kalshi's push into on‑chain prediction markets and integrations such as its partnership with oracle RedStone.
Hyperliquid Strategies Files S-1 to Raise up to $1B in Public Offering
Hyperliquid Strategies filed an S-1 prospectus on Oct 22, 2025 outlining plans to offer up to $1 billion in a public offering of 160 million shares to build a digital asset treasury. The filing signals the company's intent to go...
Mill City Ventures III Leads $450M Private Placement to Back Sui Group DAT
Mill City Ventures III announced a $450 million private placement to create a digital asset treasury (DAT) centered on the SUI token, including a $25 million cash investment from the Sui Foundation and purchase of $140 million in locked tokens...
Pave Bank Raises $39M Series A Led by Accel with Participation From Tether and Others
Singapore-based fintech Pave Bank raised $39M in a Series A round led by Accel, with participation from Tether Investments, Wintermute, Quona Capital, Helios Digital Ventures, Yolo Investments, Kazea Capital, Financial Technology, and GC&H Investments. The funding will expand Pave Bank's...
Aave Labs Acquires Stable Finance to Simplify Stablecoin Savings
Aave Labs has acquired San Francisco fintech startup Stable Finance, bringing founder Mario Baxter Cabrera and the full engineering team into Aave Labs to accelerate consumer-facing DeFi products and simplify stablecoin savings. The Stable app will be phased out as...
CipherOwl Raises $15M Seed Round to Scale AI-Native Crypto Compliance
CipherOwl, an AI-native intelligence layer for institutional cryptocurrency compliance, raised $15M in a seed financing round co-led by General Catalyst and Flourish Ventures. The company will use the proceeds to accelerate engineering hires, expand blockchain network coverage, and deepen partnerships.
Aave Labs Acquires Stable Finance to Expand Consumer DeFi and Stablecoin Offerings
Aave Labs has acquired Stable Finance in a deal to broaden its consumer DeFi footprint and stablecoin capabilities, following prior institutional initiatives like Maple Finance integration and Horizon RWA marketplace. The acquisition aims to integrate Stable Finance's technology and products...
Fireblocks Acquires Dynamic to Expand Enterprise Wallet Infrastructure
Fireblocks has acquired Dynamic to complete its enterprise wallet technology stack and offer expanded institutional-grade services. The deal integrates Dynamic's wallet infrastructure into Fireblocks' platform to enhance custody and wallet capabilities for institutional clients.
Plasma Acquires VASP‑licensed Entity in Italy to Expand EU Stablecoin Payments
Plasma acquired a Virtual Asset Service Provider (VASP)‑licensed entity in Italy as part of a broader push into regulated EU payments, and is opening an Amsterdam office while pursuing MiCA and EMI licenses. The move enables Plasma to legally handle...
DraftKings Acquires Railbird to Build DraftKings Predictions Platform
DraftKings acquired CFTC‑regulated prediction markets platform Railbird (terms undisclosed) and will launch a new DraftKings Predictions product, tapping Polymarket as its designated clearinghouse. The acquisition was announced the week of 2025-10-23 and positions DraftKings in the prediction markets sector.
Hyperliquid Strategies to Raise Up to $1B Through Share Issuance to Fund HYPE Treasury Purchases
Hyperliquid Strategies plans to issue up to 160 million shares to raise as much as $1 billion to fund purchases for its HYPE treasury. Chardan Capital Markets is acting as the company's financial advisor on the transaction announced on 2025-10-23.
Hyperliquid Strategies Files to Raise $1B via Stock Sale to Buy More HYPE Tokens
Hyperliquid Strategies filed to raise $1 billion through a stock offering to expand its crypto treasury and increase exposure to HYPE tokens. The raise is intended to fund additional purchases of HYPE as part of the firm's post-merger strategy.
Fireblocks Acquires Dynamic to Create End-to-End Custody-to-Consumer On‑Chain Stack
Fireblocks acquired Dynamic, a developer platform that powers wallets and onboarding for firms like Kraken and Magic Eden, combining institutional custody infrastructure with consumer wallet and onboarding tech to deliver a full custody-to-consumer on‑chain platform. Financial terms were not disclosed;...
Moon Inc. Raises About $8.8M via New Shares and Convertible Notes to Roll Out Bitcoin Prepaid Card
Hong Kong-listed Moon Inc. (HKEX: 1723) raised roughly US$8.8 million (about HK$65.5 million) through a private placement of new shares and convertible notes to fund rollout of a Bitcoin prepaid card across Asia. The funds come from a private allotment;...
Coinbase Acquired Privacy-Focused Zk Project Iron Fish, Credited for Base Private Transactions Push
Coinbase acquired Iron Fish (announced March 2025), a privacy-focused blockchain project, a move Coinbase CEO Brian Armstrong credited for enabling private transactions on Base. The acquisition is cited as driving Base's private transactions efforts, though transaction terms were not disclosed.
Cybrid Raises $10M Series A Led by BDC Capital’s Growth Venture Fund
Toronto-based Cybrid, a platform for compliant stablecoins and fiat payment infrastructure, raised $10M in a Series A round led by the Growth Venture Fund at BDC Capital, with participation from Golden Ventures, Luge Capital and Panache Ventures. The company will...
Inveniam Capital Partners Acquires Storj to Bolster Decentralized Data and AI Capabilities
Inveniam Capital Partners signed a definitive agreement to acquire decentralized cloud storage provider Storj, folding its distributed storage and compute into Inveniam’s data and AI platform. Storj will operate as a standalone subsidiary with existing leadership retained and financial terms...
FalconX to Acquire ETF Manager 21Shares, Sources Say
According to the Wall Street Journal cited in the article, crypto trading firm FalconX is acquiring ETF manager 21Shares to build out funds focused on derivatives and structured products. The report frames the move as a strategic combination to expand...
FalconX Acquires 21Shares, World’s Largest Crypto ETP Issuer
FalconX has acquired 21Shares, the world’s largest crypto exchange-traded product (ETP) issuer, marking the firm’s third major deal of 2025 after purchases of Arbelos Markets and a majority stake in Monarq. Financial terms were not disclosed in the announcement on...
FalconX to Acquire Crypto ETF Provider 21Shares, Terms Undisclosed
Digital asset prime broker FalconX agreed to acquire crypto asset manager 21Shares, expanding FalconX beyond market making into issuing crypto ETFs. Terms of the deal were not disclosed; announcement reported by the Wall Street Journal and covered by CoinDesk on...
Tesser Raises $4.5M Seed to Build Stablecoin Payments Infrastructure
Tesser announced a $4.5M seed round to build a stablecoin payments solution, led by Castle Island Ventures with participation from Strobe Ventures, Anthemis and other strategic investors. The funding will support product and go-to-market expansion for licensed institutions seeking compliant...
