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MARA Holdings Acquires 64% of EDF's Exaion for $168M, with NJJ Capital Taking 10% Stake
Deals•Feb 21, 2026

MARA Holdings Acquires 64% of EDF's Exaion for $168M, with NJJ Capital Taking 10% Stake

U.S. bitcoin miner MARA Holdings announced the acquisition of a 64% stake in Exaion, the high‑performance computing subsidiary of France’s state‑owned EDF, for $168 million. The French government required a French investor, leading NJJ Capital to take a 10% stake in the acquisition vehicle, while EDF retains a minority stake. The deal was approved on Feb 21 2026 after a national‑security review.

CoinDesk
SBI Holdings Launches ¥10B On‑chain Bond with XRP Rewards for Retail Investors
Deals•Feb 21, 2026

SBI Holdings Launches ¥10B On‑chain Bond with XRP Rewards for Retail Investors

SBI Holdings announced the issuance of a ¥10 billion (≈$64.5 million) three‑year on‑chain bond, the SBI START Bonds, offering a fixed interest rate of 1.85‑2.45% and XRP rewards for eligible retail investors. The bonds will be settled on Boostry’s ibet for Fin...

CoinDesk
Dragonfly Raises $650M for New Crypto Fund Amid Bear Market
Deals•Feb 17, 2026

Dragonfly Raises $650M for New Crypto Fund Amid Bear Market

Crypto venture capital firm Dragonfly announced it has raised $650 million for its latest fund, despite a challenging bear market for digital assets. The capital will be used to back early‑stage crypto and Web3 startups, underscoring continued investor appetite for...

CoinDesk
Tether Investments Makes Strategic Corporate Investment in LayerZero Labs
Deals•Feb 10, 2026

Tether Investments Makes Strategic Corporate Investment in LayerZero Labs

Tether Investments, the investment arm of stablecoin issuer Tether, announced a strategic corporate investment in LayerZero Labs, the developer of the LayerZero interoperability protocol. The deal, disclosed on Feb 10 2026, aims to support LayerZero’s Omnichain infrastructure and the cross‑chain USDt0 stablecoin,...

CoinDesk
Jump Trading to Take Equity Stakes in Prediction‑market Platforms Kalshi and Polymarket
Deals•Feb 10, 2026

Jump Trading to Take Equity Stakes in Prediction‑market Platforms Kalshi and Polymarket

Jump Trading announced it will acquire small equity positions in Kalshi and Polymarket, providing liquidity in exchange for the stakes. The Kalshi stake will be a fixed amount, while the Polymarket stake will increase over time based on Jump’s trading...

CoinDesk
ETHZilla Acquires $4.7M Home Loan Portfolio for Tokenization
Deals•Feb 5, 2026

ETHZilla Acquires $4.7M Home Loan Portfolio for Tokenization

Ethereum‑focused treasury firm ETHZilla announced it is acquiring a $4.7 million portfolio of manufactured and modular home loans to tokenize on an Ethereum layer‑2 network. The loans will be turned into cash‑flow‑generating digital tokens and offered via Liquidity.io, expanding ETHZilla’s tokenization...

CoinDesk
Tether Acquires $150M Minority Stake in Gold.com to Expand Tokenized Gold Distribution
Deals•Feb 5, 2026

Tether Acquires $150M Minority Stake in Gold.com to Expand Tokenized Gold Distribution

Tether, the issuer of the USDT stablecoin, announced a $150 million investment for a 12% minority stake in Gold.com, a platform for physical and tokenized gold. The deal will integrate Tether’s gold‑backed token XAUT into Gold.com and enable purchases of physical...

CoinDesk
Opinion Raises $20M in Pre-Series A Round
Deals•Feb 4, 2026

Opinion Raises $20M in Pre-Series A Round

Blockchain‑based prediction‑market platform Opinion announced a $20 million pre‑Series A funding round, backed by Hack VC, Jump Crypto, Primitive Ventures, Decasonic and others. The capital will support Opinion’s global expansion ahead of the 2026 World Cup and upcoming elections.

CoinDesk
TRM Labs Raises $70M Series C, Hits $1B Valuation
Deals•Feb 4, 2026

TRM Labs Raises $70M Series C, Hits $1B Valuation

Blockchain analytics firm TRM Labs announced a $70 million Series C funding round, pushing its valuation to $1 billion. The round was led by Blockchain Capital with participation from Goldman Sachs, Citi Ventures, Bessemer, Thoma Bravo and Brevan Howard. The...

CoinDesk
TeraWulf Jumps 11% After Buying Power‑rich Kentucky and Maryland Sites
Deals•Feb 3, 2026

TeraWulf Jumps 11% After Buying Power‑rich Kentucky and Maryland Sites

TeraWulf announced the acquisition of two power‑rich industrial sites in Hawesville, Kentucky and Morgantown, Maryland, adding 1.5 GW of capacity and more than doubling its footprint to 2.8 GW. The sites will support AI compute workloads and help maintain grid reliability. The...

CoinDesk
Jupiter Secures $35M Strategic Investment From ParaFi Capital
Deals•Feb 2, 2026

Jupiter Secures $35M Strategic Investment From ParaFi Capital

Solana‑based DEX Jupiter announced a $35 million strategic investment from ParaFi Capital to accelerate its on‑chain financial infrastructure and expand its prediction‑market offerings, including integrating Polymarket onto the platform. The investment will be settled in Jupiter’s JupUSD token with an extended...

CoinDesk
Bed Bath & Beyond to Acquire Tokens.com, Launch Real Estate Tokenization Platform
Deals•Feb 2, 2026

Bed Bath & Beyond to Acquire Tokens.com, Launch Real Estate Tokenization Platform

Bed Bath & Beyond announced it will acquire Tokens.com to create a tokenization platform for real estate, leveraging tZERO’s regulated trading tools and Figure’s blockchain services. The platform, slated to debut by July 2026, will enable users to convert home...

CoinDesk
Securitize to Go Public via Merger with Cantor Equity Partners II
Deals•Jan 29, 2026

Securitize to Go Public via Merger with Cantor Equity Partners II

Tokenization firm Securitize filed a registration statement to merge with Cantor Equity Partners II, a Cantor Fitzgerald‑backed blank‑check company, aiming to list on Nasdaq under the ticker SECZ. The deal, pending shareholder and regulatory approval, marks Securitize’s move to become...

CoinDesk
Galaxy Digital Leads $7M Investment in Tenbin to Build Improved Tokenized Gold and FX Markets
Deals•Jan 27, 2026

Galaxy Digital Leads $7M Investment in Tenbin to Build Improved Tokenized Gold and FX Markets

Tenbin Labs secured $7 million in a seed round led by Galaxy Ventures, the venture‑capital arm of Galaxy Digital, with participation from Wintermute Ventures, GSR, Variant, Archetype and FalconX. The funding will be used to develop institutional‑grade tokenized gold and foreign‑exchange...

CoinDesk
Sharon AI Secures up to $500 Million On-Chain Loan From USD.AI
Deals•Jan 22, 2026

Sharon AI Secures up to $500 Million On-Chain Loan From USD.AI

Australian AI infrastructure provider Sharon AI announced it has secured a non‑recourse credit facility of up to $500 million from blockchain‑based lender USD.AI, using tokenized GPU hardware as collateral. The loan will fund the rollout of compute systems across the...

CoinDesk
Farcaster Founders Step Back as Neynar Acquires Struggling Crypto Social App
Deals•Jan 21, 2026

Farcaster Founders Step Back as Neynar Acquires Struggling Crypto Social App

Neynar has acquired Farcaster, the decentralized crypto social protocol, taking over its smart contracts, code repositories, mobile app and AI token launchpad. The deal follows Farcaster’s struggle to sustain growth despite a $150 million funding round. Co‑founders Dan Romero and Varun...

CoinDesk
Solayer Launches $35M Ecosystem Fund for Real‑time DeFi, AI and Tokenization Apps
Deals•Jan 20, 2026

Solayer Launches $35M Ecosystem Fund for Real‑time DeFi, AI and Tokenization Apps

Solayer announced a $35 million ecosystem fund to support early‑ and growth‑stage projects building on its infiniSVM blockchain. Funded by Solayer Labs and the Solayer Foundation, the capital will target DeFi, payments, AI‑driven systems and tokenized real‑world assets, leveraging the network’s...

CoinDesk
CleanSpark Signs Definitive Agreement to Acquire 447 Acres in Texas for AI‑focused Data Center
Deals•Jan 14, 2026

CleanSpark Signs Definitive Agreement to Acquire 447 Acres in Texas for AI‑focused Data Center

CleanSpark announced a definitive agreement to purchase up to 447 acres in Brazoria County, Texas, along with a long‑term transmission extension, to build a large‑scale AI and high‑performance computing data center. The project will initially support 300 MW of demand, with...

CoinDesk
BlackOpal Secures $200M Investment From Mars Capital Advisors for GemStone Tokenization Platform
Deals•Jan 8, 2026

BlackOpal Secures $200M Investment From Mars Capital Advisors for GemStone Tokenization Platform

On Jan 8, 2026, BlackOpal announced its GemStone platform will tokenize Brazilian credit‑card receivables, offering investors a 13% yield. The launch is backed by a $200 million three‑year investment from Mars Capital Advisors, with Draupnir Capital acting as lead adviser. The platform aims...

CoinDesk
Barclays Makes Strategic Investment in Stablecoin Settlement Startup Ubyx
Deals•Jan 7, 2026

Barclays Makes Strategic Investment in Stablecoin Settlement Startup Ubyx

Barclays announced a strategic investment in Ubyx, a US startup building clearing systems for tokenized money such as regulated stablecoins. The terms of the investment were not disclosed. The move underscores growing interest from traditional banks in blockchain‑based payment infrastructure.

CoinDesk
Maelstrom Makes Strategic Investment in Stablecoin Startup River
Deals•Jan 6, 2026

Maelstrom Makes Strategic Investment in Stablecoin Startup River

Stablecoin startup River announced it secured a strategic investment from Arthur Hayes' Maelstrom fund, though the amount was not disclosed. The investment comes as Maelstrom adopts an aggressive crypto‑focused stance heading into 2026. The deal highlights continued interest in privacy‑coin...

CoinDesk
XRP Weakens After Losing Support, with $1.85 Next in Focus
News•Dec 24, 2025

XRP Weakens After Losing Support, with $1.85 Next in Focus

XRP lost its short‑term support around $1.87 as sellers pushed the token below the $1.8615‑$1.8700 band. Heavy volume at the $1.9061 resistance level indicated larger players were selling into strength rather than accumulating. The price now hovers near $1.86, with...

By CoinDesk
Tensions over El Salvador's Bitcoin Holdings Ease as IMF Praises Economic Progress
News•Dec 23, 2025

Tensions over El Salvador's Bitcoin Holdings Ease as IMF Praises Economic Progress

The IMF praised El Salvador’s faster‑than‑expected economic growth and omitted earlier calls to pause its bitcoin accumulation. The country added over 1,000 BTC in November, bringing its treasury holdings to roughly 7,500 BTC, valued at about $660 million. While the IMF noted progress on...

By CoinDesk
Bitcoin Slips, Crypto Stocks Suffer Steep Declines, as Tax-Loss Selling Drives Action, Analysts Say
News•Dec 23, 2025

Bitcoin Slips, Crypto Stocks Suffer Steep Declines, as Tax-Loss Selling Drives Action, Analysts Say

Bitcoin slipped about 1% to just under $88,000, pulling crypto‑related equities down 6‑16% as analysts attribute the sell‑off to year‑end tax‑loss harvesting. Open interest in Bitcoin and Ethereum perpetual futures fell $3 billion and $2 billion respectively, thinning leverage ahead of a...

By CoinDesk
Russia’s Central Bank Unveils New Crypto Rules to Be Adopted in 2026
News•Dec 23, 2025

Russia’s Central Bank Unveils New Crypto Rules to Be Adopted in 2026

Russia’s central bank released a draft framework that will legalise cryptocurrency trading for retail and qualified investors, with implementation slated for 2026‑2027. The proposal caps retail purchases at 300,000 rubles per year and requires a risk‑awareness test, while qualified investors face...

By CoinDesk
Solana Treasury-Focused Upexi Files for up to $1 Billion Capital Raise
News•Dec 23, 2025

Solana Treasury-Focused Upexi Files for up to $1 Billion Capital Raise

Upexi, a Nasdaq‑listed crypto‑treasury firm focused on Solana, filed a shelf registration with the SEC to raise up to $1 billion through various securities. The company holds roughly 2 million SOL tokens—about $248 million—making it the fourth‑largest Solana treasury among public companies. Proceeds...

By CoinDesk
Bitcoin Still Hasn't Hit $100,000 when Adjusted for Inflation: Galaxy's Alex Thorn
News•Dec 23, 2025

Bitcoin Still Hasn't Hit $100,000 when Adjusted for Inflation: Galaxy's Alex Thorn

Alex Thorn, Galaxy Digital’s global head of research, highlighted that Bitcoin never breached the $100,000 mark when measured in 2020‑dollar terms, topping out at $99,848. While the cryptocurrency’s nominal price peaked around $126,000 in October 2024, inflation‑adjusted figures tell a...

By CoinDesk
Filecoin Drops as Bears Test Support
News•Dec 23, 2025

Filecoin Drops as Bears Test Support

Filecoin (FIL) slipped 2.2% to $1.29, trading within a tight five‑cent range after hitting $1.33 resistance. Volume surged 180% to 7.59 million tokens, indicating heavy institutional distribution at the top of the range. Support at $1.28 held, showing continued buyer interest...

By CoinDesk
Bitcoin Bulls Eye Possible Tailwind as U.S. Dollar Index Continues to Leg Lower
News•Dec 23, 2025

Bitcoin Bulls Eye Possible Tailwind as U.S. Dollar Index Continues to Leg Lower

Bitcoin’s price continues its bear market even as the U.S. dollar index slides toward a multi‑year low. The DXY is hovering just above a long‑term support level dating back to the 2008 financial crisis, while gold, silver and copper have...

By CoinDesk
XRP Holders Can Now Earn Yield without Selling Their Tokens
News•Dec 23, 2025

XRP Holders Can Now Earn Yield without Selling Their Tokens

Flare has introduced earnXRP, a vault that lets XRP holders earn yield without selling their tokens. Users deposit FXRP, a 1:1 representation of XRP on Flare, and receive a receipt token that tracks their share and compounded returns. The vault...

By CoinDesk
Amplify ETFs Targeting Stablecoin and Tokenization Sectors Open for Trade
News•Dec 23, 2025

Amplify ETFs Targeting Stablecoin and Tokenization Sectors Open for Trade

Amplify ETFs has launched two new exchange‑traded funds—STBQ and TKNQ—targeting the stablecoin and tokenization ecosystems. Both funds carry a 69‑basis‑point expense ratio and are listed on NYSE Arca. STBQ tracks the MarketVector Stablecoin Technology Index and holds 24 securities, including...

By CoinDesk
Strategy's Increased Dollar Buffer Covers More than 2 Years of Dividend Obligations
News•Dec 23, 2025

Strategy's Increased Dollar Buffer Covers More than 2 Years of Dividend Obligations

Strategy (MSTR) raised its dollar reserve to $2.2 billion, adding $748 million from a stock sale. The buffer covers roughly 32 months of preferred‑stock dividend obligations, roughly $824 million per year, extending through the next bitcoin halving in 2028. It also positions the...

By CoinDesk
Upexi Files for up to $1 Billion Shelf Registration to Fund Growth
Deals•Dec 23, 2025

Upexi Files for up to $1 Billion Shelf Registration to Fund Growth

Upexi, a Nasdaq‑listed crypto‑treasury firm focused on Solana, filed a shelf registration to raise up to $1 billion through equity and debt offerings. Proceeds may be used for working capital, R&D, acquisitions and debt repayment, giving the company flexibility to expand...

CoinDesk
Coinbase Agrees to Buy The Clearing Company to Deepen Prediction Markets Push
News•Dec 22, 2025

Coinbase Agrees to Buy The Clearing Company to Deepen Prediction Markets Push

Coinbase announced it will acquire San Francisco‑based startup The Clearing Company to accelerate its nascent prediction‑market offering. The acquisition brings a team with deep experience from Polymarket and Kalshi, including former growth head Toni Gemayel and a former Kalshi compliance...

By CoinDesk
ETHZilla Sells $74.5 Million of Ether in Effort to Trim Debt Load
News•Dec 22, 2025

ETHZilla Sells $74.5 Million of Ether in Effort to Trim Debt Load

ETHZilla, a Nasdaq‑listed firm that builds a reserve of ether, sold 24,291 ETH worth $74.5 million, marking its second large liquidation this year. The cash will be used to redeem senior secured convertible notes under a recent agreement, reducing the company’s...

By CoinDesk
CME Loses Top Spot to Binance in Bitcoin Futures Open Interest as Institutional Demand Wanes
News•Dec 22, 2025

CME Loses Top Spot to Binance in Bitcoin Futures Open Interest as Institutional Demand Wanes

The Chicago Mercantile Exchange (CME) has been overtaken by Binance as the leading venue for bitcoin futures open interest, with Binance now holding roughly 125,000 BTC versus CME's 123,000 BTC. CME's open interest fell from a year‑start peak of 175,000...

By CoinDesk
The Clock Is Ticking for Crypto Tax Loss Harvesting
News•Dec 22, 2025

The Clock Is Ticking for Crypto Tax Loss Harvesting

Crypto investors can use the recent market slump to harvest tax losses before year‑end. By selling assets below cost basis, realized losses offset capital gains and lower taxable income. Unlike stocks, crypto lacks a wash‑sale rule, allowing immediate repurchase, but...

By CoinDesk
JPMorgan Weighs Crypto Trading for Institutions Amid Growing Demand
News•Dec 22, 2025

JPMorgan Weighs Crypto Trading for Institutions Amid Growing Demand

JPMorgan Chase is assessing whether to provide spot and derivatives cryptocurrency trading services to institutional clients such as hedge funds and pension funds. The bank’s deliberation follows growing demand for regulated, high‑liquidity digital‑asset venues and a clearer U.S. regulatory outlook....

By CoinDesk
Prediction Markets May Offer a Tax Loophole for Gamblers Under Trump’s Big Beautiful Bill, Coinbase Says
News•Dec 22, 2025

Prediction Markets May Offer a Tax Loophole for Gamblers Under Trump’s Big Beautiful Bill, Coinbase Says

Coinbase warns that a provision in President Trump’s One Big Beautiful Bill, effective 2026, will limit the deduction of gambling losses against winnings, raising the tax burden for traditional bettors. The change creates a tax advantage for blockchain‑based prediction markets, which may be...

By CoinDesk
Aave Slides as Community Debates over Who Controls the Brand
News•Dec 22, 2025

Aave Slides as Community Debates over Who Controls the Brand

A governance dispute over Aave’s brand assets has escalated to a Snapshot vote, pushing the AAVE token down 11% in 24 hours. BGD Labs co‑founder Ernesto Boado argues that the DAO should formally own domains, social handles, and naming rights...

By CoinDesk
Boxing Day Bonanza: $27 Billion in Bitcoin, Ether Options Set for Year-End Reset
News•Dec 22, 2025

Boxing Day Bonanza: $27 Billion in Bitcoin, Ether Options Set for Year-End Reset

A $27 billion options expiry on Dec 26 will clear $23.6 bn of bitcoin and $3.8 bn of ether contracts on Deribit, representing over half of the exchange’s open interest. The market shows a strong bullish tilt, with a put‑call ratio of 0.38 and...

By CoinDesk
Bullish Bitcoin Plays on Bitfinex Swell to Highest Since Early 2024
News•Dec 22, 2025

Bullish Bitcoin Plays on Bitfinex Swell to Highest Since Early 2024

Bitcoin margin long positions on Bitfinex have surged to about 72,700 BTC, the highest level since February 2024. The rise follows a price slide from a peak above $126,000 to roughly $89,750, marking three consecutive months of decline. Historically, such...

By CoinDesk
Uniswap Vote, U.S. GDP: Crypto Week Ahead
News•Dec 22, 2025

Uniswap Vote, U.S. GDP: Crypto Week Ahead

The Uniswap DAO is voting on the UNIfication proposal, which would activate protocol fees, burn 100 million UNI tokens from the treasury, and tighten operational ties between Uniswap Labs and the Uniswap Foundation. Early voting indicates overwhelming support, positioning the change...

By CoinDesk
Hong Kong Proposes New Rules to Tap Insurance Capital Into Cryptocurrencies
News•Dec 22, 2025

Hong Kong Proposes New Rules to Tap Insurance Capital Into Cryptocurrencies

Hong Kong’s Insurance Authority has unveiled a proposal allowing its 158 licensed insurers to allocate capital to digital assets, including cryptocurrencies. The framework imposes a 100% risk charge on direct crypto holdings, meaning insurers must set aside an equal amount...

By CoinDesk
Binance Opens up Ways for Users to Generate Income Using ETH Options
News•Dec 22, 2025

Binance Opens up Ways for Users to Generate Income Using ETH Options

Binance has launched ether options for all users, enabling them to write (sell) ETH options and collect premiums as passive income. The move expands the exchange’s derivative toolkit beyond Bitcoin, responding to growing retail and institutional demand for advanced hedging...

By CoinDesk
Coinbase to Acquire The Clearing Company to Boost Prediction Markets
Deals•Dec 22, 2025

Coinbase to Acquire The Clearing Company to Boost Prediction Markets

Coinbase announced it has agreed to acquire San Francisco‑based startup The Clearing Company, bringing in a team experienced in event‑based trading systems. The acquisition, valued at an undisclosed amount, aims to strengthen Coinbase’s newly launched prediction‑market platform as it expands...

CoinDesk
‘DeFi Is Dead’: Maple Finance’s CEO Says Onchain Markets Will Swallow Wall Street
News•Dec 21, 2025

‘DeFi Is Dead’: Maple Finance’s CEO Says Onchain Markets Will Swallow Wall Street

Maple Finance CEO Sid Powell declares “DeFi is dead,” meaning the distinction between decentralized finance and traditional finance will vanish as institutions move capital markets on‑chain. He predicts stablecoins will handle $50 trillion in payments by 2026, driving cost savings for...

By CoinDesk
Tom Lee Responds to Controversy Surrounding Fundstrat’s Differing Bitcoin Outlooks
News•Dec 20, 2025

Tom Lee Responds to Controversy Surrounding Fundstrat’s Differing Bitcoin Outlooks

Fundstrat co‑founder Tom Lee clarified why the firm’s analysts have issued seemingly conflicting Bitcoin forecasts. Head of digital‑asset strategy Sean Farrell projects Bitcoin could retreat to $60,000‑$65,000 in the first half of 2026, while Lee has suggested the cryptocurrency may...

By CoinDesk
VanEck's New Avalanche ETF Filing to Include Staking Rewards for AVAX Investors
News•Dec 20, 2025

VanEck's New Avalanche ETF Filing to Include Staking Rewards for AVAX Investors

VanEck has amended its S‑1 filing for the proposed Avalanche ETF, VAVX, to allow the fund to stake up to 70% of its AVAX holdings and capture staking rewards. The rewards, after a 4% service fee to Coinbase Crypto Services,...

By CoinDesk
Ethereum’s ‘Glamsterdam’ Upgrade Aims to Fix MEV Fairness
News•Dec 20, 2025

Ethereum’s ‘Glamsterdam’ Upgrade Aims to Fix MEV Fairness

Ethereum developers are planning the "Glamsterdam" upgrade, targeting a 2026 launch, to address MEV fairness and improve block execution. The core of the upgrade is Proposer‑Builder Separation (ePBS) under EIP‑7732, which splits block building from proposing, removing reliance on centralized...

By CoinDesk
Hilbert Group Buys Enigma Nordic in $32 Million Deal to Boost Crypto Trading Edge
News•Dec 20, 2025

Hilbert Group Buys Enigma Nordic in $32 Million Deal to Boost Crypto Trading Edge

Hilbert Group, a Swedish algorithmic‑trading firm, agreed to buy high‑frequency platform Enigma Nordic for $32 million. The deal includes $7.5 million in new Hilbert shares and up to $17.5 million in performance‑based earn‑outs, contingent on Enigma generating $40 million of net income. Enigma reports...

By CoinDesk
Brazil’s Gen Z Drives Crypto Boom as Stablecoins, Income Tokens Surge
News•Dec 20, 2025

Brazil’s Gen Z Drives Crypto Boom as Stablecoins, Income Tokens Surge

Brazil’s cryptocurrency market is being reshaped by Gen Z investors, whose participation grew 56% in 2025. Younger users favor low‑volatility assets, allocating funds to stablecoins and tokenized fixed‑income products called Renda Fixa Digital (RFD). Mercado Bitcoin distributed roughly $325 million through RFD, achieving returns...

By CoinDesk
BlackRock's Bitcoin ETF a True Rarity: Massive Inflows Even with Negative Performance
News•Dec 20, 2025

BlackRock's Bitcoin ETF a True Rarity: Massive Inflows Even with Negative Performance

BlackRock’s iShares Bitcoin Trust (IBIT) pulled in more than $25 billion of new capital in 2025, ranking it sixth among all U.S. ETFs by inflows. Despite a 9.6% decline in price performance, the fund out‑raised the gold‑focused SPDR Gold ETF (GLD),...

By CoinDesk
Gold Wins the Debasement Trade in 2025, but It Is Not the Full Story
News•Dec 20, 2025

Gold Wins the Debasement Trade in 2025, but It Is Not the Full Story

In 2025 gold outperformed bitcoin dramatically, delivering a 65% gain while bitcoin slipped 7% after a 36% correction from its October peak. The two assets were neck‑and‑neck through August, but gold’s surge thereafter cemented its win in the so‑called debasement...

By CoinDesk
Hilbert Group Acquires Enigma Nordic for $32 Million to Boost Crypto Trading Edge
Deals•Dec 20, 2025

Hilbert Group Acquires Enigma Nordic for $32 Million to Boost Crypto Trading Edge

Hilbert Group, a Swedish investment firm focused on algorithmic crypto trading, announced the acquisition of high‑frequency trading platform Enigma Nordic for $32 million, including cash and performance‑based earn‑outs. The deal gives Hilbert access to Enigma’s proprietary market‑neutral strategies and is expected...

CoinDesk
Crypto's Closest Ally in Congress, Sen. Lummis, Is Retiring Next Year
News•Dec 19, 2025

Crypto's Closest Ally in Congress, Sen. Lummis, Is Retiring Next Year

Senator Cynthia Lummis, the Senate’s most vocal crypto advocate, announced she will not seek re‑election, ending her term in January 2027. As the inaugural chair of the Banking Committee’s crypto subcommittee, Lummis has driven market‑structure, tax, and Bitcoin‑reserve legislation. Her departure...

By CoinDesk
Foundation Behind Restaking Protocol EigenLayer Plans Bigger Rewards for Active Users
News•Dec 19, 2025

Foundation Behind Restaking Protocol EigenLayer Plans Bigger Rewards for Active Users

The EigenLayer foundation has tabled a governance amendment that creates an Incentives Committee to steer token emissions toward participants securing Actively Validated Services (AVS) and the EigenCloud suite. The plan earmarks 20% of AVS‑related fees and cloud‑service revenues for EIGEN...

By CoinDesk
Citi Is Still a Believer in Crypto Stocks Despite Bitcoin Being Rocked to End the Year
News•Dec 19, 2025

Citi Is Still a Believer in Crypto Stocks Despite Bitcoin Being Rocked to End the Year

Citigroup refreshed its digital‑assets equity coverage, reaffirming a bullish outlook despite Bitcoin’s end‑of‑year slump. The bank kept Circle Financial as its top pick, maintaining a $243 price target while the stock trades near $83.60. Bullish and Coinbase also remain favored,...

By CoinDesk
Most Influential 2025's Honorable Mentions
News•Dec 19, 2025

Most Influential 2025's Honorable Mentions

CoinDesk’s 2025 Most Influential Honorable Mentions spotlight a resurgence in crypto privacy, with Zcash’s Zashi wallet making shielded transactions default and the Canton network securing a partnership with DTCC to tokenize U.S. Treasury securities. Prediction‑market pioneer Kalshi raised $1 billion, expanding...

By CoinDesk
Most Influential: Hsiao-Wei Wang and Tomasz K. Stańczak
News•Dec 19, 2025

Most Influential: Hsiao-Wei Wang and Tomasz K. Stańczak

The Ethereum Foundation announced Tomasz Stańczak and Hsiao‑Wei Wang as its new co‑executive directors, pairing an external client‑builder with a long‑time protocol researcher. Their hybrid leadership aims to steer the foundation as Ethereum transitions from experimental to global‑scale infrastructure. Since...

By CoinDesk
Most Influential: The Solana Developers
News•Dec 19, 2025

Most Influential: The Solana Developers

Solana’s 2025 ecosystem blended meme‑coin hype with tangible hardware and protocol upgrades. Early‑year memecoin mania, highlighted by the short‑lived TRUMP token, surged activity before a LIBRA‑related scandal dampened speculation. Meanwhile, the Solana Mobile team released the second‑generation Seeker phone, integrating...

By CoinDesk
Most Influential: Luke Dashjr
News•Dec 19, 2025

Most Influential: Luke Dashjr

Veteran Bitcoin developer Luke Dashjr is leading the debate over Bitcoin’s role after the 2023 Ordinals and 2024 Runes protocols introduced NFTs and fungible tokens on the original blockchain. He argues that expanding data limits via OP_RETURN would flood the network...

By CoinDesk
Most Influential: Jeff Yan
News•Dec 19, 2025

Most Influential: Jeff Yan

Jeff Yan, founder of Hyperliquid, has built a decentralized exchange that handled $308 billion in volume in 2024 and processes about $10 billion in trades per day, serving over 570,000 users. The platform runs on a custom layer‑1 blockchain delivering sub‑second finality...

By CoinDesk
DraftKings Enters Prediction Markets with CFTC-Approved App for Real-World Events
News•Dec 19, 2025

DraftKings Enters Prediction Markets with CFTC-Approved App for Real-World Events

DraftKings has launched DraftKings Predictions, a CFTC‑registered real‑money prediction‑market app available in 38 states. The platform lets users trade contracts on sports, finance and other real‑world events, linking to CME Group and integrating Railbird Technologies. By operating within the traditional...

By CoinDesk
Poland’s Lower House Approves Crypto Law Again, Sends Vetoed Bill Back to Senate
News•Dec 19, 2025

Poland’s Lower House Approves Crypto Law Again, Sends Vetoed Bill Back to Senate

Poland’s lower house (Sejm) voted 241‑to‑0 to pass the Crypto‑Asset Market Act, re‑introducing the same text that President Karol Nawrocki vetoed earlier this month. The legislation seeks to align domestic rules with the EU’s Markets in Crypto‑Assets (MiCA) framework, but critics...

By CoinDesk
Metaplanet to Start Sponsored ADR Program to Woo Over-the-Counter U.S. Investors
News•Dec 19, 2025

Metaplanet to Start Sponsored ADR Program to Woo Over-the-Counter U.S. Investors

Metaplanet announced that its American depositary receipts will begin trading on December 19 under the ticker MPJPY on the U.S. over‑the‑counter market. The sponsored Level I ADRs replace the unsponsored MTPLF instruments and are backed by a formal deposit agreement with Deutsche...

By CoinDesk
Bybit Returns to UK with 100 Crypto Trading Pairs After 2-Year Break
News•Dec 19, 2025

Bybit Returns to UK with 100 Crypto Trading Pairs After 2-Year Break

Bybit, the world’s second‑largest crypto exchange, has re‑entered the United Kingdom after a two‑year hiatus, offering spot trading on 100 currency pairs. The comeback follows the FCA’s 2023 crackdown on crypto advertising, which forced several firms out of the market....

By CoinDesk
Crypto Breaks Higher as BOJ Decision Clears a Macro Overhang
News•Dec 19, 2025

Crypto Breaks Higher as BOJ Decision Clears a Macro Overhang

Bitcoin and ether surged past key technical levels after the Bank of Japan raised rates to a three‑decade high, lifting Asian risk appetite. Bitcoin broke $87,000 while ether climbed alongside a 2 % rise in the CoinDesk 20 index, as equities...

By CoinDesk
Senate Confirms Trump Crypto-Friendly Nominees to Take over CFTC, FDIC
News•Dec 19, 2025

Senate Confirms Trump Crypto-Friendly Nominees to Take over CFTC, FDIC

President Donald Trump secured Senate confirmation for his crypto‑friendly nominees, Mike Selig as CFTC chairman and Travis Hill as FDIC chairman, with a 53‑43 vote. Selig, a former SEC official, inherits a CFTC commission reduced to a single member and...

By CoinDesk
Altcoins Plunge as Bitcoin's $85,000 Test Triggers $550 Million in Liquidations
News•Dec 18, 2025

Altcoins Plunge as Bitcoin's $85,000 Test Triggers $550 Million in Liquidations

Bitcoin slipped below the critical $85,000 support, touching $84,500 before a modest rebound, erasing its earlier rally to $89,500. The breach sparked roughly $550 million in derivatives liquidations, affecting both long and short positions. Altcoins led the sell‑off, with Solana falling...

By CoinDesk
DAWN Secures $13M Series B to Expand Decentralized Broadband Network
Deals•Dec 18, 2025

DAWN Secures $13M Series B to Expand Decentralized Broadband Network

DAWN, a Solana‑based decentralized broadband protocol, announced a $13 million Series B round led by Polychain Capital. The funding will fuel U.S. network expansion and international deployments, advancing its user‑owned internet infrastructure model.

CoinDesk
VivoPower to Acquire $300M of Ripple Labs Shares via Joint Venture
Deals•Dec 18, 2025

VivoPower to Acquire $300M of Ripple Labs Shares via Joint Venture

VivoPower announced a joint‑venture arrangement to purchase up to $300 million of Ripple Labs equity, giving investors indirect exposure to roughly $1 billion of XRP. The deal, facilitated by South Korea‑based asset manager Lean Ventures, involves VivoPower’s digital‑asset unit acquiring preferred shares...

CoinDesk
Trump Media to Merge with Fusion Pioneer TAE Technologies in $6B All‑Stock Deal
Deals•Dec 18, 2025

Trump Media to Merge with Fusion Pioneer TAE Technologies in $6B All‑Stock Deal

Trump Media & Technology Group announced an all‑stock merger agreement with nuclear‑fusion firm TAE Technologies, valuing the combined entity at over $6 billion. The deal will pivot Trump Media from a pure social‑media platform into a clean‑energy and financial‑assets company, building...

CoinDesk
Securitize to Go Public via SPAC Merger with Cantor Fitzgerald Vehicle
Deals•Dec 17, 2025

Securitize to Go Public via SPAC Merger with Cantor Fitzgerald Vehicle

Securitize announced it will go public through a SPAC merger with a vehicle managed by Cantor Fitzgerald, targeting a listing in early 2026. The deal, valued as undisclosed, marks a major milestone for the tokenized asset platform as it moves...

CoinDesk
Metaplanet Seeks $150M Institutional Raise as NBIM Backs Bitcoin Strategy
Deals•Dec 17, 2025

Metaplanet Seeks $150M Institutional Raise as NBIM Backs Bitcoin Strategy

Norway's sovereign wealth fund NBIM voted in favor of Metaplanet's proposals ahead of its Dec. 22 EGM, including a plan to raise $150 million from institutional investors via new preferred shares. The capital raise aims to fund further bitcoin acquisitions and support...

CoinDesk
HashKey Holdings Launches Hong Kong IPO, Shares Dip 5% on Debut
Deals•Dec 17, 2025

HashKey Holdings Launches Hong Kong IPO, Shares Dip 5% on Debut

HashKey Holdings debuted on the Hong Kong Stock Exchange, with its shares falling about 5% after opening below the IPO price. The listing highlights investor caution despite the exchange's dominant position in Hong Kong's regulated crypto market.

CoinDesk
EquiLend Makes Strategic Minority Investment in Digital Prime Technologies to Bridge $40T Tradfi Pool with Tokenized Markets
Deals•Dec 17, 2025

EquiLend Makes Strategic Minority Investment in Digital Prime Technologies to Bridge $40T Tradfi Pool with Tokenized Markets

EquiLend announced a strategic minority investment in Digital Prime Technologies, a regulated crypto‑financing provider, to integrate its $40 trillion lendable‑asset platform with Digital Prime’s Tokenet network. The deal, disclosed on Dec 17, 2025, aims to enable tokenized assets and stablecoin collateral for institutional...

CoinDesk
HashKey Targets $215M Hong Kong IPO
Deals•Dec 17, 2025

HashKey Targets $215M Hong Kong IPO

HashKey announced plans to raise $215 million through an initial public offering in Hong Kong, signaling strong investor interest in the crypto sector. The filing was highlighted in the Crypto Long & Short newsletter on Dec 17 2025 as a key upcoming deal.

CoinDesk
Frontera Labs Secures $3M Seed Funding Led by Maven 11 Capital
Deals•Dec 16, 2025

Frontera Labs Secures $3M Seed Funding Led by Maven 11 Capital

London‑based Frontera Labs announced a $3 million seed round to expand its Strata DeFi protocol, with Maven 11 Capital as lead investor and Lightspeed Faction as a major backer. The round also included Halo Capital, Heartcore Capital, Anchorage Digital Ventures, Nayt Technologies, Split Capital...

CoinDesk
RedotPay Secures $107M Series B to Accelerate Global Stablecoin Payments
Deals•Dec 16, 2025

RedotPay Secures $107M Series B to Accelerate Global Stablecoin Payments

Hong Kong fintech RedotPay announced a $107 million Series B round led by Goodwater Capital, with participation from Pantera Capital, Blockchain Capital and Circle Ventures, to expand its stablecoin‑powered payment services across more than 100 countries. The funding follows a...

CoinDesk
Tether Invests $8M in Lightning‑powered Payments Platform Speed
Deals•Dec 16, 2025

Tether Invests $8M in Lightning‑powered Payments Platform Speed

Tether announced a strategic $8 million investment in Speed, a payments infrastructure firm that combines Bitcoin’s Lightning Network with USDT settlement. The funding aims to expand Speed’s real‑time payment services and broaden USDT usage beyond trading. The deal was disclosed on...

CoinDesk
Doha Bank Issues $150M Digital Bond via Euroclear’s DLT Platform
Deals•Dec 15, 2025

Doha Bank Issues $150M Digital Bond via Euroclear’s DLT Platform

Doha Bank completed a $150 million digital bond that settled instantly on Euroclear’s permissioned DLT platform, marking a first for the Qatari lender. Standard Chartered acted as the sole global coordinator and arranger, handling structuring, execution, and distribution of the bond...

CoinDesk
Anchorage Digital Acquires Securitize’s RIA Platform to Boost Crypto Wealth Management
Deals•Dec 15, 2025

Anchorage Digital Acquires Securitize’s RIA Platform to Boost Crypto Wealth Management

Anchorage Digital announced the acquisition of Securitize’s For Advisors unit, bringing the crypto‑focused RIA platform in‑house. The deal, disclosed in a press release on Monday, expands Anchorage’s wealth‑management capabilities while Securitize refocuses on tokenization. Financial terms were not disclosed.

CoinDesk
Strategy Raises $82.2M via ATM Sale of STRD Junior Preferred Stock
Deals•Dec 14, 2025

Strategy Raises $82.2M via ATM Sale of STRD Junior Preferred Stock

Strategy (MSTR) disclosed that it raised $82.2 million by selling about 1 million shares of its junior preferred series STRD through an at‑the‑market program for the week ending Dec 14, 2025. The issuance marked the largest single‑week proceeds for any of its preferred offerings,...

CoinDesk
YO Labs Secures $10M Series A to Expand Cross-Chain Crypto Yield Protocol
Deals•Dec 14, 2025

YO Labs Secures $10M Series A to Expand Cross-Chain Crypto Yield Protocol

YO Labs announced a $10 million Series A round led by Foundation Capital, with participation from Coinbase Ventures, Scribble Ventures and Launchpad Capital. The funding will be used to scale its cross‑chain YO Protocol, enhancing infrastructure and expanding to additional blockchains.

CoinDesk
BitMine Immersion Technologies Launches $250 Million Private Placement
Deals•Dec 12, 2025

BitMine Immersion Technologies Launches $250 Million Private Placement

BitMine Immersion Technologies announced a $250 million private placement to fund its new ether‑focused treasury strategy, coinciding with Tom Lee’s appointment as chairman. The raise aims to support staking, ether holdings, and broader crypto‑treasury initiatives.

CoinDesk
JPMorgan Arranges Galaxy’s Tokenized Debt Issuance on Solana
Deals•Dec 11, 2025

JPMorgan Arranges Galaxy’s Tokenized Debt Issuance on Solana

JPMorgan acted as arranger for Galaxy’s on‑chain commercial paper issuance on the Solana blockchain, settling the debt in USDC. Coinbase and Franklin Templeton invested in the tokenized debt, marking a landmark tokenization of real‑world assets.

CoinDesk
Nexo to Acquire Argentina’s Buenbit, Expanding Crypto Services Across Latin America
Deals•Dec 11, 2025

Nexo to Acquire Argentina’s Buenbit, Expanding Crypto Services Across Latin America

Crypto lender Nexo announced it has agreed to acquire Argentine crypto platform Buenbit for an undisclosed sum, aiming to broaden its crypto‑backed loan and savings offerings in the region. The acquisition will give Nexo access to Buenbit’s user base in...

CoinDesk
Blockstream Capital Partners to Acquire Corbiere Capital Management
Deals•Dec 11, 2025

Blockstream Capital Partners to Acquire Corbiere Capital Management

Blockstream Capital Partners announced it will acquire Jersey‑based hedge fund Corbiere Capital Management, adding equity and event‑driven strategies to its bitcoin‑linked product suite. The deal, disclosed in a press release on Dec 11, 2025, does not disclose a purchase price.

CoinDesk
LI.FI Secures $29M Series A Extension to Boost Cross-Chain Liquidity
Deals•Dec 11, 2025

LI.FI Secures $29M Series A Extension to Boost Cross-Chain Liquidity

Berlin‑based cross‑chain liquidity protocol LI.FI announced a $29 million Series A extension, bringing its total funding to $51.7 million. The round was led by Multicoin Capital and CoinFund, and the capital will fund product expansion, hiring, and AI‑focused infrastructure. The announcement was made...

CoinDesk
SpaceX Announces Plans for a $30B+ IPO Targeting $1.5T Valuation
Deals•Dec 10, 2025

SpaceX Announces Plans for a $30B+ IPO Targeting $1.5T Valuation

SpaceX is moving ahead with plans for an initial public offering that could raise over $30 billion and target a $1.5 trillion valuation, with a potential listing in mid‑to‑late 2026. The announcement highlights the company’s sizable Bitcoin holdings and its growing crypto...

CoinDesk
State Street and Galaxy to Launch Tokenized Liquidity Fund with $200M Seed From Ondo Finance
Deals•Dec 10, 2025

State Street and Galaxy to Launch Tokenized Liquidity Fund with $200M Seed From Ondo Finance

State Street and Galaxy Asset Management announced the upcoming launch of the State Street Galaxy Onchain Liquidity Sweep Fund on Solana in early 2026. Ondo Finance pledged about $200 million to seed the product, enabling institutional investors to subscribe and redeem...

CoinDesk
Stripe Acqui-Hires Crypto Payments Startup Valora to Boost Stablecoin Capabilities
Deals•Dec 10, 2025

Stripe Acqui-Hires Crypto Payments Startup Valora to Boost Stablecoin Capabilities

Stripe announced on Dec 10, 2025 that it is acquiring the team behind Valora, a Celo‑based crypto payments app, in an acqui‑hire deal. The move deepens Stripe’s push into blockchain and stablecoin payments, with Valora’s IP returning to cLabs. Deal terms were...

CoinDesk
TenX Protocols Launches IPO on TSX Venture Exchange After Raising C$33M
Deals•Dec 10, 2025

TenX Protocols Launches IPO on TSX Venture Exchange After Raising C$33M

TenX Protocols, a blockchain infrastructure firm, announced it will start trading on the TSX Venture Exchange on Dec 10, 2025 after completing subscription‑receipt financings of C$29.9 million and raising over C$33 million this year. The proceeds will be used to buy and stake tokens...

CoinDesk
HashKey Targets HK$1.67 Billion ($215M) Hong Kong IPO to Fuel Growth
Deals•Dec 9, 2025

HashKey Targets HK$1.67 Billion ($215M) Hong Kong IPO to Fuel Growth

Crypto exchange HashKey announced it is seeking to raise up to HK$1.67 billion (about $215 million) through a Hong Kong IPO, aiming to secure over five years of liquidity. The filing, released on Dec 9, 2025, highlights the firm’s rapid user growth and plans to...

CoinDesk
Twenty One Completes SPAC Merger with Cantor Equity Partners, Debuts on NYSE
Deals•Dec 9, 2025

Twenty One Completes SPAC Merger with Cantor Equity Partners, Debuts on NYSE

Bitcoin treasury firm Twenty One (XXI) went public on the NYSE after completing a SPAC merger with Cantor Equity Partners, trading around $10.50 per share. The deal, which created one of the largest corporate bitcoin treasuries, was finalized just before...

CoinDesk
Bitcoin‑Focused Firm Twenty One to List on NYSE on Dec 9, 2025
Deals•Dec 9, 2025

Bitcoin‑Focused Firm Twenty One to List on NYSE on Dec 9, 2025

Twenty One, a firm that provides public equity exposure to Bitcoin, announced it will go public on the New York Stock Exchange on December 9, 2025 under the ticker ‘XXI’. The listing will give investors direct access to the company’s capital‑efficient...

CoinDesk
Solmate Announces All-Stock Acquisition of RockawayX to Build $2B Solana Institution
Deals•Dec 4, 2025

Solmate Announces All-Stock Acquisition of RockawayX to Build $2B Solana Institution

Solmate disclosed an all‑stock acquisition of RockawayX, aiming to combine infrastructure, liquidity and asset‑management capabilities into a unified platform. The merger is intended to create a $2 billion institutional‑grade Solana ecosystem. The deal was announced on Dec. 4, 2025.

CoinDesk
Parataxis to Acquire Control of South Korea’s Sinsiway for $27M, Launching First ETH Treasury
Deals•Dec 3, 2025

Parataxis to Acquire Control of South Korea’s Sinsiway for $27M, Launching First ETH Treasury

Parataxis announced it will purchase a controlling stake in South Korean crypto firm Sinsiway for $27 million, creating the country’s first ether‑focused treasury platform backed by U.S. capital. The deal will rebrand Sinsiway as Parataxis ETH, Inc., positioning it as a...

CoinDesk
Stable and Theo Anchor $100M+ in ULTRA Tokenized Treasury Fund
Deals•Dec 3, 2025

Stable and Theo Anchor $100M+ in ULTRA Tokenized Treasury Fund

Stable and Theo have each committed over $100 million to ULTRA, a Libeara‑backed tokenized U.S. Treasury fund managed by FundBridge Capital and Wellington Management. The anchor investment marks a new large‑scale capital infusion into the crypto‑focused treasury vehicle.

CoinDesk
IREN Secures $3.6B Capital Raise to Fuel AI Compute Expansion
Deals•Dec 3, 2025

IREN Secures $3.6B Capital Raise to Fuel AI Compute Expansion

Bitcoin miner‑turned‑AI compute provider IREN announced a $3.6 billion capital raise, aiming to bolster its AI infrastructure and balance‑sheet. The fundraising marks a major influx of capital as the company faces a steep stock decline, prompting investor scrutiny.

CoinDesk
Kalshi Secures $1 Billion Funding Round Led by Paradigm
Deals•Dec 3, 2025

Kalshi Secures $1 Billion Funding Round Led by Paradigm

Kalshi announced a fresh $1 billion financing round, with Paradigm as the lead investor. The capital boost propels the prediction‑market platform’s growth and places co‑founders Luana Lopes Lara and Tarek Mansour on the billionaire list.

CoinDesk
ETHZilla Acquires 20% Stake in AI Lending Platform Karus for $10M
Deals•Dec 3, 2025

ETHZilla Acquires 20% Stake in AI Lending Platform Karus for $10M

ETHZilla announced the purchase of a 20% equity stake in AI‑driven lending platform Karus for $10 million. The deal aims to combine ETHZilla’s tokenization expertise with Karus’s AI loan‑origination technology to launch tokenized auto‑loan portfolios by early 2026.

CoinDesk
Jane Street Leads $105M Series A for Antithesis, Ethereum Testing Platform
Deals•Dec 3, 2025

Jane Street Leads $105M Series A for Antithesis, Ethereum Testing Platform

Antithesis, a deterministic simulation testing tool for the Ethereum network, announced a $105 million Series A round led by Jane Street. The funding will accelerate product development and expand its testing capabilities for crypto and other always‑on systems.

CoinDesk
Iren Announces Up to $2.3B Convertible Note Offering to Refinance Debt
Deals•Dec 2, 2025

Iren Announces Up to $2.3B Convertible Note Offering to Refinance Debt

Bitcoin miner Iren disclosed plans to raise up to $2.3 billion through a private placement of convertible senior notes and an equity sale to fund the repurchase of existing debt. The offering includes $1 billion of notes due 2032, $1 billion due 2033,...

CoinDesk
Kraken to Acquire Tokenization Specialist Backed Finance
Deals•Dec 2, 2025

Kraken to Acquire Tokenization Specialist Backed Finance

Kraken announced it has agreed to acquire Swiss tokenization firm Backed Finance, aiming to add tokenized stocks and ETFs to its platform. The terms were not disclosed, and the move aligns with Kraken's broader push into real‑world assets as it...

CoinDesk
HashKey Files for IPO Amid Deepening Losses
Deals•Dec 1, 2025

HashKey Files for IPO Amid Deepening Losses

Hong Kong's leading licensed crypto exchange HashKey has filed for an initial public offering, revealing over $151 million in net losses for 2024 despite dominant market share. The filing, released on Monday, highlights the company's low‑fee strategy and modest revenue from...

CoinDesk
Kalshi Secures $1 Billion Growth‑stage Funding Round
Deals•Dec 1, 2025

Kalshi Secures $1 Billion Growth‑stage Funding Round

Kalshi announced it closed a $1 billion funding round last month, valuing the prediction‑market exchange at $11 billion. The capital boost aims to expand its tokenized event contracts on Solana and attract crypto liquidity.

CoinDesk
Gleec Acquires Komodo’s Cross‑Chain DeFi Stack for $23.5 Million
Deals•Dec 1, 2025

Gleec Acquires Komodo’s Cross‑Chain DeFi Stack for $23.5 Million

Gleec announced the acquisition of the entire Komodo Platform ecosystem, including its atomic‑swap technology, token infrastructure and development team, for $23.5 million. The deal brings Komodo’s cross‑chain DeFi stack under Gleec’s regulated financial services umbrella, enhancing its B2B offerings. Integration is...

CoinDesk
KR1 Announces London Stock Exchange IPO to Boost Blue-Chip Staking Profile
Deals•Nov 26, 2025

KR1 Announces London Stock Exchange IPO to Boost Blue-Chip Staking Profile

KR1, the Isle of Man‑based digital‑asset staking platform, has announced its debut on the London Stock Exchange, marking its first public offering. The move aims to position KR1 as a blue‑chip player in the crypto‑staking space and broaden its investor...

CoinDesk
Paxos Acquires Fordefi to Boost Institutional Custody Services
Deals•Nov 25, 2025

Paxos Acquires Fordefi to Boost Institutional Custody Services

Paxos announced the acquisition of crypto wallet startup Fordefi, aiming to expand its custody and on‑chain asset issuance capabilities for institutional clients. The deal underscores Paxos' strategy to meet rising demand for stablecoin payments and broader crypto services.

CoinDesk
Bridgepoint to Acquire Majority Stake in Crypto Audit Specialist ht.digital for $262M
Deals•Nov 25, 2025

Bridgepoint to Acquire Majority Stake in Crypto Audit Specialist ht.digital for $262M

Private equity firm Bridgepoint announced it will purchase a majority stake in crypto audit specialist ht.digital, valuing the transaction at roughly £200 million ($262 million). The financial terms were not disclosed by Bridgepoint, though Sky News cited the figure. The deal underscores...

CoinDesk
Rumble Announces Acquisition of Northern Data to Expand AI Cloud Infrastructure
Deals•Nov 24, 2025

Rumble Announces Acquisition of Northern Data to Expand AI Cloud Infrastructure

Rumble Inc. disclosed that it will acquire data‑center and AI‑infrastructure firm Northern Data, adding 22,000 Nvidia chips to its cloud division. The deal, announced alongside a 13% stock surge after Tether increased its stake, aims to strengthen Rumble's cloud‑computing capabilities....

CoinDesk
Exodus Acquires W3C Corp, Owner of Baanx and Monavate for $175M
Deals•Nov 24, 2025

Exodus Acquires W3C Corp, Owner of Baanx and Monavate for $175M

Exodus, the U.S.-listed crypto wallet provider, announced the acquisition of W3C Corp, the parent of crypto card and payments firms Baanx and Monavate, in a deal valued at $175 million. The transaction expands Exodus' product suite into crypto payments and...

CoinDesk
Revolut Secures $75B Valuation in Secondary Share Sale Led by Coatue, NVentures and Others
Deals•Nov 24, 2025

Revolut Secures $75B Valuation in Secondary Share Sale Led by Coatue, NVentures and Others

Revolut announced a secondary share sale that lifted its valuation to $75 billion, with the round led by Coatue, Greenoaks, Dragoneer, Fidelity and NVIDIA’s venture arm NVentures. The fintech also counted Andreessen Horowitz, Franklin Templeton and other investors, though the exact...

CoinDesk
Enlivex Therapeutics Raises $212M in Private Placement to Acquire RAIN Token
Deals•Nov 24, 2025

Enlivex Therapeutics Raises $212M in Private Placement to Acquire RAIN Token

Enlivex Therapeutics announced a $212 million private‑placement raise to purchase RAIN, the token of a blockchain‑based prediction‑market protocol, positioning it as the firm’s primary treasury reserve. The equity deal, priced at $1 per share, is set to close on Nov 25, adding...

CoinDesk
Aerodrome Finance Merges with Velodrome to Launch the Aero Ecosystem
Deals•Nov 22, 2025

Aerodrome Finance Merges with Velodrome to Launch the Aero Ecosystem

Aerodrome Finance announced a merger with Velodrome, consolidating liquidity across Base and Optimism under the new Aero ecosystem. The deal was disclosed in a November 22, 2025 article, with no financial terms revealed. Both platforms aim to combine resources while...

CoinDesk
Coinbase to Acquire Solana-Based DEX Vector
Deals•Nov 21, 2025

Coinbase to Acquire Solana-Based DEX Vector

Coinbase announced it will acquire Vector, a Solana-native on‑chain trading platform, integrating its team into Coinbase’s consumer trading division. The terms were undisclosed, and the transaction is expected to close before year‑end, marking Coinbase’s ninth acquisition in 2025.

CoinDesk
Tether Invests in Latin American Crypto Infrastructure Firm Parfin to Accelerate Institutional USDT Adoption
Deals•Nov 20, 2025

Tether Invests in Latin American Crypto Infrastructure Firm Parfin to Accelerate Institutional USDT Adoption

Tether announced a strategic investment in Parfin, a Latin American crypto infrastructure provider, to expand institutional adoption of its USDT stablecoin across the region. The partnership aims to enhance tools for banks and other institutions, though financial terms were not...

CoinDesk
Metaplanet Raises $150M via New Bitcoin-Backed Perpetual Preferred Equity Offering
Deals•Nov 20, 2025

Metaplanet Raises $150M via New Bitcoin-Backed Perpetual Preferred Equity Offering

Metaplanet announced a $150 million capital raise by issuing MERCURY, a Class B perpetual preferred equity linked to Bitcoin, alongside its senior MARS preferred shares. The offering targets institutional investors and aims to strengthen the company’s bitcoin‑centric balance sheet.

CoinDesk
Kalshi Secures $1B Funding Round Valuing Platform at $11B
Deals•Nov 20, 2025

Kalshi Secures $1B Funding Round Valuing Platform at $11B

Kalshi, the CFTC‑regulated prediction‑market exchange, announced the close of a $1 billion funding round that lifts its valuation to $11 billion. The round was led by returning backers Sequoia Capital and Capital G, with participation from Andreessen Horowitz, Paradigm, Anthos Capital and Neo.

CoinDesk
Apex Group to Acquire Globacap’s U.S. Broker-Dealer to Accelerate Tokenization
Deals•Nov 19, 2025

Apex Group to Acquire Globacap’s U.S. Broker-Dealer to Accelerate Tokenization

Apex Group announced plans to purchase Globacap’s U.S. broker‑dealer and alternative trading system, a move aimed at expanding its tokenization capabilities in the United States. The deal, reported on November 19, 2025, underscores Apex’s strategy to deepen its presence in...

CoinDesk
Spark Invests $1 B in PayPal’s PYUSD to Boost Institutional Liquidity
Deals•Nov 19, 2025

Spark Invests $1 B in PayPal’s PYUSD to Boost Institutional Liquidity

DeFi protocol Spark announced a $1 billion corporate investment into PayPal’s stablecoin PYUSD, aiming to enhance liquidity for institutional users. The move signals Spark’s shift away from a consumer app to focus on core DeFi infrastructure and large‑scale liquidity deals.

CoinDesk
Obex Secures $37M Funding to Launch RWA-Backed Stablecoin Incubator
Deals•Nov 18, 2025

Obex Secures $37M Funding to Launch RWA-Backed Stablecoin Incubator

Obex, a new crypto incubator focused on real‑world‑asset‑backed stablecoins, announced a $37 million fundraising round led by Framework Ventures, LayerZero and the Sky ecosystem. The capital will fund a 12‑week program supporting early‑stage teams building yield‑generating stablecoins backed by compute, energy...

CoinDesk
Kraken Secures $800M Funding Round Backed by $200M From Citadel Securities
Deals•Nov 18, 2025

Kraken Secures $800M Funding Round Backed by $200M From Citadel Securities

Kraken announced an $800 million fundraising round, including a $200 million investment from market‑maker Citadel Securities, valuing the crypto exchange at $20 billion. The capital will fund global expansion and new crypto‑linked financial products, with participation from Jane Street, DRW Venture Capital, Tribe Capital...

CoinDesk
Société Générale’s SG‑FORGE Issues First U.S. Tokenized Bond, Purchased by DRW
Deals•Nov 18, 2025

Société Générale’s SG‑FORGE Issues First U.S. Tokenized Bond, Purchased by DRW

Société Générale’s crypto arm SG‑FORGE completed its first U.S. digital bond issuance, a short‑term tokenized bond tied to SOFR, which was purchased by trading firm DRW. The bond was tokenized using Broadridge’s technology on the Canton Network, marking a pioneering...

CoinDesk
Grayscale Files S‑1 to Launch U.S. IPO
Deals•Nov 13, 2025

Grayscale Files S‑1 to Launch U.S. IPO

Grayscale Investments has filed an S‑1 registration statement with the SEC, announcing its intention to go public in the United States. The filing marks the crypto asset manager’s first step toward an IPO, though share count and pricing remain undetermined.

CoinDesk
AERO Announces Merger with Velodrome Amid Crypto Market Turmoil
Deals•Nov 13, 2025

AERO Announces Merger with Velodrome Amid Crypto Market Turmoil

Crypto token AERO disclosed plans to merge with Velodrome, triggering an 18% price drop as the market reacts. The announcement comes as Bitcoin steadies near $103K and overall sentiment remains fearful. Deal terms and valuation were not disclosed.

CoinDesk
Self Secures $9M Seed Round Backed by Greenfield Capital, SoftBank and Others
Deals•Nov 13, 2025

Self Secures $9M Seed Round Backed by Greenfield Capital, SoftBank and Others

Zero‑knowledge identity platform Self announced a $9 million seed round to expand its protocol and launch a points‑based rewards program. The round was led by Greenfield Capital and SoftBank’s Startup Capital Ventures × SBI Fund, with participation from Spearhead VC, Verda Ventures, Fireweed...

CoinDesk
Lighter Secures $68M Funding Round at $1.5B Valuation
Deals•Nov 11, 2025

Lighter Secures $68M Funding Round at $1.5B Valuation

Lighter, the zk‑rollup perpetual‑futures exchange, announced a $68 million financing round that values the company at $1.5 billion. The round was led by investors including Founders Fund, Ribbit Capital, Haun Ventures and Robinhood Markets and will fund new multi‑chain derivatives and institutional...

CoinDesk
Turbo Energy Partners with Stellar and Taurus to Tokenize Debt for Clean‑energy Projects
Deals•Nov 11, 2025

Turbo Energy Partners with Stellar and Taurus to Tokenize Debt for Clean‑energy Projects

Turbo Energy announced a partnership with the Stellar Development Foundation and Swiss digital‑asset provider Taurus to issue tokenized debt on the Stellar blockchain, financing hybrid solar‑plus‑battery installations, starting with a pilot in Spain.

CoinDesk
Rumble to Acquire Northern Data in $767M Deal, Tether Commits $250M in Services and Advertising
Deals•Nov 10, 2025

Rumble to Acquire Northern Data in $767M Deal, Tether Commits $250M in Services and Advertising

Rumble announced it will acquire AI‑focused Northern Data AG in an all‑share transaction valuing the target at about $767 million. Stablecoin issuer Tether will purchase up to $150 million of GPU services and spend $100 million on advertising, deepening its partnership with Rumble.

CoinDesk
Exodus Movement Acquires Uruguay‑Based Grateful to Boost Stablecoin Payments in Latin America
Deals•Nov 10, 2025

Exodus Movement Acquires Uruguay‑Based Grateful to Boost Stablecoin Payments in Latin America

Exodus Movement announced on Monday that it is acquiring Grateful, a Uruguay startup that enables merchants to accept stablecoins via wallet‑to‑wallet and QR point‑of‑sale tools. The acquisition aims to expand Exodus' payment infrastructure across Latin America and serve gig‑economy workers...

CoinDesk
Hong Kong Announces Third Blockchain-Based Green Bond Issuance
Deals•Nov 10, 2025

Hong Kong Announces Third Blockchain-Based Green Bond Issuance

Hong Kong's government is preparing to issue its third blockchain‑based digital green bond sale, offering multi‑currency notes backed by the city and rated AA+. The bonds will be settled on a blockchain platform with infrastructure provided by HSBC, marking another...

CoinDesk
Cango Announces Direct Listing on NYSE for Nov 17
Deals•Nov 6, 2025

Cango Announces Direct Listing on NYSE for Nov 17

Chinese platform Cango, now a bitcoin miner, has received board approval for a direct listing on the New York Stock Exchange, slated to go live on Nov 17. The move supports its strategy to boost mining operations and enter the AI...

CoinDesk
Future Holdings AG Secures CHF 28 M Funding Round Led by Fulgur Ventures, Nakamoto, and TOBAM
Deals•Nov 5, 2025

Future Holdings AG Secures CHF 28 M Funding Round Led by Fulgur Ventures, Nakamoto, and TOBAM

Future Holdings AG (FUTURE), a Zurich‑based Bitcoin treasury firm, announced it raised CHF 28 million ($35 million) in a new funding round. The round was led by Fulgur Ventures, Nakamoto and TOBAM, bolstering FUTURE’s balance‑sheet‑driven Bitcoin treasury model and its plans to expand...

CoinDesk
Animoca Brands to List on Nasdaq via Reverse Merger with Currenc Group
Deals•Nov 5, 2025

Animoca Brands to List on Nasdaq via Reverse Merger with Currenc Group

Animoca Brands announced it will go public on Nasdaq by merging with publicly listed Currenc Group in a reverse merger. The deal targets a late‑2026 debut pending regulatory and shareholder approvals, creating an altcoin index vehicle for institutional and retail...

CoinDesk
MicroStrategy Launches €10% Perpetual Preferred Stock to Fund Bitcoin Purchases
Deals•Nov 4, 2025

MicroStrategy Launches €10% Perpetual Preferred Stock to Fund Bitcoin Purchases

MicroStrategy announced the issuance of a euro‑denominated perpetual preferred stock, Stream (STRE), offering a 10% annual dividend and targeting institutional investors in Europe. The $115‑per‑share offering will raise proceeds to acquire roughly $104,300 of bitcoin and for general corporate purposes.

CoinDesk
Ripple Acquires Palisade to Expand Institutional Crypto Wallet Services
Deals•Nov 3, 2025

Ripple Acquires Palisade to Expand Institutional Crypto Wallet Services

Ripple announced on Nov. 3, 2025 that it has acquired crypto‑wallet and custody firm Palisade, adding fast, scalable wallet‑as‑a‑service technology to its Ripple Custody platform. The deal aims to strengthen Ripple’s institutional payments offering for fintechs and corporate treasuries, supporting...

CoinDesk
Standard Money Secures $8M Strategic Investment to Fuel USDsd Mainnet Rollout
Deals•Nov 3, 2025

Standard Money Secures $8M Strategic Investment to Fuel USDsd Mainnet Rollout

Standard Money, the developer of the BNB Chain‑based stablecoin USDsd, announced a $8 million strategic investment round led by Yzi Labs with participation from Gate.io, Crypto.com and Animoca Brands. The capital will support the launch of USDsd’s mainnet and expand liquidity...

CoinDesk
Cipher Mining Signs $5.5 B 15‑year Lease with Amazon Web Services for AI HPC
Deals•Nov 3, 2025

Cipher Mining Signs $5.5 B 15‑year Lease with Amazon Web Services for AI HPC

Cipher Mining announced a $5.5 billion, 15‑year lease with Amazon Web Services to provide 300 MW of AI computing capacity by late 2026, marking the miner’s push into AI infrastructure. The agreement includes a phased rollout starting July and positions Cipher as...

CoinDesk
Donut Labs Secures $15M Seed Round to Build AI-Powered Crypto Trading Browser
Deals•Nov 3, 2025

Donut Labs Secures $15M Seed Round to Build AI-Powered Crypto Trading Browser

Donut Labs announced a $15 million seed funding round to develop its AI-driven crypto trading browser, bringing the total raised to $22 million across pre‑seed and seed stages. The round was led by investors including BITKRAFT, Makers Fund, Sky9 Capital, Hack VC, HSG...

CoinDesk
Tharimmune Raises $540M in Private Placement to Launch Canton‑Coin Treasury Strategy
Deals•Nov 3, 2025

Tharimmune Raises $540M in Private Placement to Launch Canton‑Coin Treasury Strategy

Nasdaq‑listed Tharimmune announced a $540 million private placement led by DRW and Liberty City Ventures to fund a canton‑coin‑based treasury initiative. The round also attracted investors such as ARK Invest, Kraken, Polychain Capital, Tradeweb and the Canton Foundation. Proceeds will be used...

CoinDesk
Strive Announces Preferred Stock Offering to Raise Funds for Bitcoin Purchases
Deals•Nov 3, 2025

Strive Announces Preferred Stock Offering to Raise Funds for Bitcoin Purchases

Strive (ASST) disclosed plans to issue 1.25 million Series A variable‑rate perpetual preferred shares (SATA) to raise capital for additional Bitcoin acquisitions. Barclays, Cantor Fitzgerald and Clear Street will act as joint book‑runners for the offering, with a 12 % initial dividend. The raise amount...

CoinDesk
UFC-Endorsed Fight.ID Token Sale Raises $183M, Far Exceeding $1.5M Target
Deals•Oct 30, 2025

UFC-Endorsed Fight.ID Token Sale Raises $183M, Far Exceeding $1.5M Target

Fight.ID, a UFC-licensed project, raised $183 million in a public FIGHT token sale built on Solana, vastly surpassing its $1.5M target; the company had also raised $15.7M earlier that week. The funds are intended to support governance, staking, prediction markets...

CoinDesk
Mastercard Said in Talks to Buy ZeroHash; Coinbase Nearing Purchase of BVNK in Billion-Dollar Crypto M&A Moves
Deals•Oct 30, 2025

Mastercard Said in Talks to Buy ZeroHash; Coinbase Nearing Purchase of BVNK in Billion-Dollar Crypto M&A Moves

Citizens' research and media reports say Mastercard is in advanced talks to acquire ZeroHash for as much as $2 billion, and Coinbase is nearing a similarly sized deal to buy London-based BVNK. Both moves are reported as part of a...

CoinDesk
Securitize Launches Tokenized AAA CLO Fund; Grove Plans $100M Anchor Investment with BNY as Custodian
Deals•Oct 29, 2025

Securitize Launches Tokenized AAA CLO Fund; Grove Plans $100M Anchor Investment with BNY as Custodian

Securitize rolled out the Securitize Tokenized AAA CLO Fund (STAC) on Ethereum with BNY providing custody and fund services. Onchain allocator Grove plans a $100 million anchor investment pending governance approval, and BNY’s Insight will manage investment operations.

CoinDesk
MegaETH Raises $450M in Oversubscribed Token Sale Backed by Ethereum Founders
Deals•Oct 29, 2025

MegaETH Raises $450M in Oversubscribed Token Sale Backed by Ethereum Founders

Ethereum layer-2 project MegaETH attracted $450M in an oversubscribed token auction that drew 14,491 participants and 819 maxed wallets. The sale, backed by MegaLabs and Ethereum co-founders Vitalik Buterin and Joe Lubin, will allocate MEGA ERC-20 tokens with final distributions...

CoinDesk
TeraWulf Announces $500M Convertible Note Offering to Fund AI Data Center Expansion
Deals•Oct 29, 2025

TeraWulf Announces $500M Convertible Note Offering to Fund AI Data Center Expansion

TeraWulf announced a private offering of $500 million in convertible senior notes (with an option for an additional $75 million) to fund construction of a 168MW AI data center in Abernathy, Texas tied to a joint venture with Fluidstack and...

CoinDesk
Mastercard in Late-Stage Talks to Acquire Zero Hash for up to $2B
Deals•Oct 29, 2025

Mastercard in Late-Stage Talks to Acquire Zero Hash for up to $2B

Mastercard is reportedly in late-stage talks to acquire blockchain startup Zero Hash for $1.5 billion–$2 billion, according to Fortune and reported by CoinDesk. The potential purchase would bolster Mastercard's stablecoin payment infrastructure amid rising institutional demand for on-chain settlement.

CoinDesk
Consensys to Go Public, Taps JPMorgan and Goldman Sachs to Lead IPO
Deals•Oct 29, 2025

Consensys to Go Public, Taps JPMorgan and Goldman Sachs to Lead IPO

Consensys plans a public debut and has chosen JPMorgan Chase and Goldman Sachs as lead underwriters for its initial public offering, Axios reported. The listing would be a major Ethereum-native public offering as Consensys evaluates options for growth.

CoinDesk
Metaplanet Secures $500M Credit Facility, Launches 13% Share Buyback Program
Deals•Oct 28, 2025

Metaplanet Secures $500M Credit Facility, Launches 13% Share Buyback Program

Tokyo-listed Metaplanet announced a new $500 million credit facility to fund a repurchase program covering up to 13% of its shares, aiming to boost shareholder value and optimize capital efficiency. The company initiated the buyback and arranged the credit line...

CoinDesk
Galaxy Digital Raises $1.15B via Exchangeable Debt Private Offering
Deals•Oct 28, 2025

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.

CoinDesk
OceanPal Secures $120M PIPE to Launch AI Arm, Eyes NEAR Token Supply
Deals•Oct 28, 2025

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...

CoinDesk
Crypto Staking Firm KR1 Plans Move to London Stock Exchange Principal Market
Deals•Oct 28, 2025

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...

CoinDesk
Tokenization Firm Securitize to Go Public via SPAC at $1.25B Valuation with $225M PIPE
Deals•Oct 28, 2025

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...

CoinDesk
David Beckham-Backed Prenetics Raises $46.8M Backed by Kraken and Exodus to Advance Bitcoin Treasury
Deals•Oct 27, 2025

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.

CoinDesk
TZERO Announces Plans to Go Public to Scale Tokenization Platform
Deals•Oct 27, 2025

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...

CoinDesk
Strive (ASST) Acquiring Semler Scientific (SMLR) as Bitcoin Treasury Plays Struggle
Deals•Oct 25, 2025

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.

CoinDesk
Ripple Completes $1.25B Acquisition of Prime Broker Hidden Road, Launches Ripple Prime
Deals•Oct 25, 2025

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...

CoinDesk
Tether Invests $775M in Rumble as Platform Prepares Bitcoin Tipping
Deals•Oct 25, 2025

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.

CoinDesk
Polymarket Acquired CFTC-Registered Exchange QCX for $112 Million
Deals•Oct 24, 2025

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...

CoinDesk
Stable’s Phase 1 Pre‑deposit Campaign Hits $825M Hard Cap
Deals•Oct 24, 2025

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.

CoinDesk
Tether Invested $775M in Rumble
Deals•Oct 24, 2025

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.

CoinDesk
Banks Arrange Record $38B Debt Financing for Oracle-Tied AI Data Centers
Deals•Oct 24, 2025

Banks Arrange Record $38B Debt Financing for Oracle-Tied AI Data Centers

Banks are preparing a $38 billion senior secured debt financing to fund two Oracle-related AI data center projects developed by Vantage Data Centers for Oracle’s partnership with OpenAI under the Stargate initiative. The facilities — $23.25B for Texas and $14.75B...

CoinDesk
Aave Labs Acquires Stable Finance to Expand Consumer Onchain Savings
Deals•Oct 23, 2025

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...

CoinDesk
Plasma Acquires VASP‑licensed Entity in Italy to Expand EU Stablecoin Payments
Deals•Oct 23, 2025

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...

CoinDesk
Fireblocks Acquires Dynamic to Create End-to-End Custody-to-Consumer On‑Chain Stack
Deals•Oct 23, 2025

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;...

CoinDesk
Hyperliquid Strategies to Raise Up to $1B Through Share Issuance to Fund HYPE Treasury Purchases
Deals•Oct 23, 2025

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.

CoinDesk
CoreWeave Proposes $9B All-Stock Acquisition of Core Scientific
Deals•Oct 22, 2025

CoreWeave Proposes $9B All-Stock Acquisition of Core Scientific

CoreWeave has proposed an all-stock merger to acquire bitcoin miner Core Scientific in a deal reported at about $9 billion. The transaction remains contested as analysts expect shareholders may reject the proposed merger amid sector revaluation and AI-driven HPC momentum.

CoinDesk
Kraken Raised $500M in Growth-Stage Funding at $15B Valuation
Deals•Oct 22, 2025

Kraken Raised $500M in Growth-Stage Funding at $15B Valuation

Crypto exchange Kraken (Payward Inc.) recently raised $500 million in a funding round that valued the company at $15 billion, bolstering plans for a potential U.S. IPO. The raise was cited in the company’s Q3 financial update showing sharply higher...

CoinDesk
XDC Ventures Acquires Contour Network to Reboot Trade‑Finance Platform and Integrate Stablecoins
Deals•Oct 22, 2025

XDC Ventures Acquires Contour Network to Reboot Trade‑Finance Platform and Integrate Stablecoins

XDC Ventures, the venture arm of the XDC Network, acquired Contour Network to relaunch its blockchain trade‑finance platform, inject fresh capital, and integrate stablecoins for end‑to‑end digital trade settlements. Contour, previously backed by major banks and shuttered in 2023, will...

CoinDesk
Coinbase Acquired Team Behind Iron Fish to Boost Privacy on Base
Deals•Oct 22, 2025

Coinbase Acquired Team Behind Iron Fish to Boost Privacy on Base

Coinbase acquired the team behind the privacy-focused blockchain Iron Fish in March 2025 and folded them into a new privacy pod to build privacy-preserving primitives for its Base layer-2 network. The move was announced by Coinbase and referenced by CEO...

CoinDesk
Inveniam Capital Partners Acquires Storj to Bolster Decentralized Data and AI Capabilities
Deals•Oct 22, 2025

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...

CoinDesk
FalconX to Acquire ETF Manager 21Shares, Sources Say
Deals•Oct 22, 2025

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...

CoinDesk
Fan-Funded Film Projects Raise ~$9M via Reg CF Tokenization
Deals•Oct 22, 2025

Fan-Funded Film Projects Raise ~$9M via Reg CF Tokenization

The article reports multiple Reg CF tokenized raises: Robert Rodriguez raised $2M from ~2,000 fans; Pressman Film raised $2M for a slate of films; and Eli Roth’s fan-owned horror studio maxed a $5M Reg CF campaign. These are retail tokenized...

CoinDesk
FalconX to Acquire Crypto ETF Provider 21Shares, Terms Undisclosed
Deals•Oct 22, 2025

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...

CoinDesk
Arch Secured $70M Debt Financing From Galaxy
Deals•Oct 21, 2025

Arch Secured $70M Debt Financing From Galaxy

Cryptocurrency lending firm Arch secured $70 million in debt financing from Galaxy to expand its platform, according to the article. The financing was disclosed as having closed 'last year' and is cited as part of Arch's capital raises to support...

CoinDesk
Coinbase Acquired Deribit for $2.9B
Deals•Oct 21, 2025

Coinbase Acquired Deribit for $2.9B

Coinbase acquired Deribit earlier in the year in a deal valued at $2.9 billion, expanding its crypto derivatives footprint. The purchase, referenced as occurring in May, complements Coinbase's prior acquisition of FairX to bolster U.S. regulated derivatives offerings.

CoinDesk
CoreWeave Offers $9B All-Stock to Acquire Core Scientific Amid Shareholder Pushback
Deals•Oct 21, 2025

CoreWeave Offers $9B All-Stock to Acquire Core Scientific Amid Shareholder Pushback

CoreWeave has made a $9 billion all-stock offer to acquire bitcoin miner Core Scientific; the CEO says he will not raise the bid while proxy advisor ISS and major investor Two Seas Capital urge shareholders to reject the deal ahead...

CoinDesk
Coinbase Acquires Crypto Fundraising Firm Echo for $375M
Deals•Oct 21, 2025

Coinbase Acquires Crypto Fundraising Firm Echo for $375M

Coinbase has acquired Echo, an onchain capital formation startup, for approximately $375 million. Echo will remain a standalone platform while Coinbase integrates Echo's Sonar public-sale product and expands the infrastructure to support tokenized securities and real-world assets.

CoinDesk
SharpLink Gaming Raises $76.5M in Direct Stock Offering to Buy ETH
Deals•Oct 21, 2025

SharpLink Gaming Raises $76.5M in Direct Stock Offering to Buy ETH

Nasdaq‑listed SharpLink Gaming raised $76.5 million via a direct stock offering on Oct 21, 2025 and used the proceeds to purchase 19,271 ETH (about $75M). The raise bolsters the company's digital‑asset treasury, bringing its ETH holdings to roughly $3.5 billion.

CoinDesk
Ripple Pursuing $1 Billion Capital Raise to Support Institutional Demand for XRP
Deals•Oct 21, 2025

Ripple Pursuing $1 Billion Capital Raise to Support Institutional Demand for XRP

Ripple is conducting an ongoing $1 billion capital raise cited as supporting institutional interest in XRP ahead of potential SEC ETF decisions. The raise is driving sentiment and trading flows, though specific investors and terms were not disclosed in the...

CoinDesk
Bitcoin Miners Raise Billions in Debt and Convertible-Note Financings Amid AI Pivot
Deals•Oct 21, 2025

Bitcoin Miners Raise Billions in Debt and Convertible-Note Financings Amid AI Pivot

Public bitcoin miners collectively raised billions through debt and convertible-note offerings to fund pivots into AI/HPC, highlighted by TerraWulf's $3.2B senior secured note placement, IREN's $1B convertible bond and Bitfarms' $300M convertible note; several other miners also issued debt in...

CoinDesk
House of Doge Acquires Controlling Stake in Italian Soccer Club
Deals•Oct 21, 2025

House of Doge Acquires Controlling Stake in Italian Soccer Club

Dogecoin-affiliated firm House of Doge has acquired a controlling share in an unnamed Italian soccer club, according to a linked Decrypt report cited in the briefing. Financial terms were not disclosed and the deal was announced in coverage on Oct...

CoinDesk
BitcoinOS Raises $10M Led by Greenfield Capital to Build Institutional BTCFi
Deals•Oct 21, 2025

BitcoinOS Raises $10M Led by Greenfield Capital to Build Institutional BTCFi

BitcoinOS raised $10 million in a financing led by Greenfield Capital with participation from FalconX, Bitcoin Frontier Fund, DNA Fund and angel investors to expand institutional Bitcoin finance tools, developer protocols and pilot the Grail Pro BTC yield protocol.

CoinDesk
Galaxy Digital Closes $1.4B Project Financing From Deutsche Bank to Fund Helios Data Center
Deals•Oct 21, 2025

Galaxy Digital Closes $1.4B Project Financing From Deutsche Bank to Fund Helios Data Center

Galaxy Digital secured a $1.4B project-financing facility from Deutsche Bank to fund phase one of its Helios data-center in Texas; the financing leaves phase one fully funded and on track for initial power-up in December. The deal supports Galaxy's build-out...

CoinDesk
Evernorth Holdings Signs SPAC Deal to List on Nasdaq Targeting over $1B
Deals•Oct 21, 2025

Evernorth Holdings Signs SPAC Deal to List on Nasdaq Targeting over $1B

Ripple‑backed Evernorth Holdings signed a SPAC deal to list on the Nasdaq, targeting over $1 billion to create a public XRP treasury. The agreement was announced in the Oct. 21, 2025 market update.

CoinDesk
MicroStrategy Raises $18.8M via Equity Issuance to Finance 168 BTC Purchase
Deals•Oct 20, 2025

MicroStrategy Raises $18.8M via Equity Issuance to Finance 168 BTC Purchase

MicroStrategy (MSTR) raised $18.8 million through the issuance of perpetual preferred shares and common stock to finance the purchase of 168 BTC, bringing its total holdings to 640,418 BTC. The financing and purchase were disclosed in a company filing on...

CoinDesk
Evernorth to Go Public via Armada Acquisition Corp II SPAC, Targeting $1B+ to Build Public XRP Treasury
Deals•Oct 20, 2025

Evernorth to Go Public via Armada Acquisition Corp II SPAC, Targeting $1B+ to Build Public XRP Treasury

Evernorth Holdings signed a business-combination agreement with Armada Acquisition Corp II to take the company public (expected Nasdaq ticker XRPN) and raise over $1 billion in gross proceeds to purchase XRP and pursue yield strategies. The deal includes a $200M...

CoinDesk
Solana Company Moves Forward with $500M PIPE Resale After Stock Plunges
Deals•Oct 20, 2025

Solana Company Moves Forward with $500M PIPE Resale After Stock Plunges

Solana Company (HSDT), backed by Pantera Capital, has advanced share resale for investors in a $500M PIPE private placement originally sold in September at $6.881 per share. The move comes as HSDT's stock plunged roughly 60% below the PIPE price,...

CoinDesk
CoreWeave Reiterates All-Stock $9B Takeover of Core Scientific, Calls Offer 'Best and Final'
Deals•Oct 17, 2025

CoreWeave Reiterates All-Stock $9B Takeover of Core Scientific, Calls Offer 'Best and Final'

CoreWeave has reaffirmed its commitment to acquire AI miner Core Scientific in a previously agreed all-stock deal valued at about $9B, calling its offer "best and final" and urging shareholders to vote in favor at an October 30 meeting. The...

CoinDesk
Ripple Leads $1B Raise via SPV to Accumulate XRP Through New Digital-Asset Treasury
Deals•Oct 17, 2025

Ripple Leads $1B Raise via SPV to Accumulate XRP Through New Digital-Asset Treasury

Ripple Labs is reported to be leading an effort to raise at least $1.0 billion via a special-purpose vehicle/DAT to accumulate XRP, with Ripple contributing some of its own holdings and final terms still under discussion. The initiative would be...

CoinDesk
Arthur Hayes’ Maelstrom Seeks $250M Private Equity Fund to Buy Crypto Service Firms
Deals•Oct 17, 2025

Arthur Hayes’ Maelstrom Seeks $250M Private Equity Fund to Buy Crypto Service Firms

Maelstrom, the family office of Arthur Hayes, is raising a $250 million U.S.-registered private equity fund to acquire four to six mid-sized crypto firms, deploying $40M–$75M per deal and targeting trading infrastructure and analytics companies. The firm aims for a...

CoinDesk
Astra Nova Raises $48.3M to Expand Web3 and AI Entertainment Platform
Deals•Oct 17, 2025

Astra Nova Raises $48.3M to Expand Web3 and AI Entertainment Platform

Astra Nova raised $48.3 million to expand its tokenized content tools and creator platforms, including TokenPlay AI, NovaToon and BlackPass. The round included $41.6M from a recent strategic tranche and builds on earlier investments led by Outlier Ventures and regional...

CoinDesk
Li Lin’s Avenir Capital Leads $1B Ether Treasury Vehicle Backed by Asia’s Crypto Investors
Deals•Oct 17, 2025

Li Lin’s Avenir Capital Leads $1B Ether Treasury Vehicle Backed by Asia’s Crypto Investors

Avenir Capital, led by Huobi founder Li Lin, is building a $1 billion regulated ether accumulation trust with commitments including ~$200M from Avenir and ~$500M from regional institutional players such as HongShan Capital Group; partners include early Ethereum investors tied...

CoinDesk
Ripple to Acquire GTreasury for $1B to Expand Corporate Treasury Offerings
Deals•Oct 16, 2025

Ripple to Acquire GTreasury for $1B to Expand Corporate Treasury Offerings

Ripple is acquiring treasury software provider GTreasury for $1 billion, a deal announced Oct 16, 2025 and subject to regulatory approvals. The acquisition will integrate GTreasury's cash, FX and risk management platform into Ripple's financial services suite to target enterprise...

CoinDesk
Daylight Raises $75M to Build Decentralized Energy Network
Deals•Oct 16, 2025

Daylight Raises $75M to Build Decentralized Energy Network

Daylight raised $75 million to expand its blockchain-based DayFi power network, combining $15M in equity led by Framework Ventures and $60M in project financing from Turtle Hill Capital. Participation included a16z crypto, M13, EV3 Ventures, Lerer Hippeau and others to...

CoinDesk
A16z Crypto Leads $50M Private Token Sale for Jito Foundation
Deals•Oct 16, 2025

A16z Crypto Leads $50M Private Token Sale for Jito Foundation

Jito Foundation raised $50 million in a private token sale led by Andreessen Horowitz's a16z crypto to fund expansion of its validator technology, staking protocol, and developer tools on Solana. The capital will support open-source infrastructure, liquid staking solutions and...

CoinDesk
Figment Acquires Rated Labs to Strengthen Staking Data for Institutional Clients
Deals•Oct 16, 2025

Figment Acquires Rated Labs to Strengthen Staking Data for Institutional Clients

Figment has acquired U.K.-based blockchain analytics firm Rated Labs to enhance data tools for institutional staking clients, including Rated's Explorer and data APIs. The deal value was not disclosed and is part of Figment's plan to spend up to $200M...

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Bitfarms Launches $300M Convertible Senior Note Offering Due 2031
Deals•Oct 16, 2025

Bitfarms Launches $300M Convertible Senior Note Offering Due 2031

Bitfarms announced a proposed offering of $300 million in convertible senior notes due Jan. 15, 2031, with an option for initial purchasers to buy an additional $60 million. Proceeds will fund general corporate purposes and capped call transactions to offset...

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Kraken Acquires Small Exchange From IG Group for $100M
Deals•Oct 16, 2025

Kraken Acquires Small Exchange From IG Group for $100M

Cryptocurrency exchange Kraken has acquired U.S.-licensed derivatives platform Small Exchange from IG Group for $100 million, comprising $32.5M in cash and $67.5M in stock. The deal gives Kraken a CFTC-designated contract market (DCM) capability and strengthens its U.S. futures and...

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MoonPay Acquired Payments Startup Meso to Expand Crypto Payments
Deals•Oct 16, 2025

MoonPay Acquired Payments Startup Meso to Expand Crypto Payments

MoonPay completed an acquisition of payments startup Meso (announced in September) as part of its expansion of MoonPay Commerce, integrating acquired technology to broaden merchant crypto payments offerings. Financial terms were not disclosed.

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SharpLink Gaming Raises $76.5M in Premium-Priced Direct Stock Offering to Expand Ether Treasury
Deals•Oct 16, 2025

SharpLink Gaming Raises $76.5M in Premium-Priced Direct Stock Offering to Expand Ether Treasury

SharpLink Gaming (SBET) sold 4.5 million shares at $17 each in a direct offering priced at a 12% premium, raising $76.5 million to expand its ether holdings. An unnamed institutional investor bought the shares and received a 90-day option to...

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Coinbase to Increase Investment in Indian Crypto Exchange CoinDCX at $2.45B Valuation
Deals•Oct 15, 2025

Coinbase to Increase Investment in Indian Crypto Exchange CoinDCX at $2.45B Valuation

Coinbase has agreed to invest in CoinDCX, one of India’s largest crypto exchanges, in a deal that values CoinDCX at $2.45 billion post-money and is subject to regulatory approvals and customary closing conditions. The investment builds on prior support from...

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IREN and WULF Launch Billion-Dollar Note Offerings to Strengthen Balance Sheets
Deals•Oct 15, 2025

IREN and WULF Launch Billion-Dollar Note Offerings to Strengthen Balance Sheets

IREN and WULF each unveiled billion-dollar note offerings to raise debt capital aimed at bolstering balance sheets and accelerating growth in data center and computing infrastructure. The offerings are structured as debt financings (note offerings) announced on 2025-10-15.

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Stripe’s Bridge Acquired by Stripe for $1.1B (Reported Last Year)
Deals•Oct 14, 2025

Stripe’s Bridge Acquired by Stripe for $1.1B (Reported Last Year)

Payments giant Stripe acquired stablecoin infrastructure firm Bridge for $1.1 billion (completed last year). The deal made Bridge part of Stripe as it expands into stablecoin issuance, custody and tokenization services.

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BlackRock Leads $47M Funding Round in Tokenization Specialist Securitize
Deals•Oct 14, 2025

BlackRock Leads $47M Funding Round in Tokenization Specialist Securitize

BlackRock led a $47 million fundraising round for tokenization specialist Securitize, backing the firm's expansion in tokenized asset infrastructure. The investment was announced as part of BlackRock's broader push into digital assets and tokenization.

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China Renaissance Raising $600M for BNB-Focused Investment Vehicle with YZi Labs
Deals•Oct 14, 2025

China Renaissance Raising $600M for BNB-Focused Investment Vehicle with YZi Labs

Investment bank China Renaissance is raising $600 million for a BNB-focused investment vehicle in partnership with YZi Labs, aimed at deploying capital into assets and projects tied to the BNB ecosystem. The fundraise underscores continued institutional interest in crypto investment...

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China Renaissance Aims to Raise $600M for BNB-Focused Public Crypto Treasury
Deals•Oct 14, 2025

China Renaissance Aims to Raise $600M for BNB-Focused Public Crypto Treasury

Hong Kong-listed China Renaissance is aiming to raise $600 million to create a U.S.-based, publicly traded crypto treasury vehicle focused solely on BNB. The raise is reportedly backed by YZi Labs, the $10 billion family office of Binance co-founder Changpeng...

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China Renaissance Seeks $600M to Create Public BNB Treasury with YZi Labs
Deals•Oct 13, 2025

China Renaissance Seeks $600M to Create Public BNB Treasury with YZi Labs

China Renaissance is reportedly planning to raise $600 million to form a publicly traded U.S. company that will acquire and hold BNB tokens. YZi Labs, the family office of Binance co-founder Changpeng Zhao, intends to invest alongside China Renaissance in...

CoinDesk
Kalshi Raises $300M at $5B Valuation to Expand Prediction Markets Globally
Deals•Oct 10, 2025

Kalshi Raises $300M at $5B Valuation to Expand Prediction Markets Globally

Kalshi raised $300 million at a $5 billion valuation to expand its prediction markets to 140 countries. The growth-stage round was led by major investors to support the platform's international expansion and product scaling.

CoinDesk
Prestige Wealth Raises $150M to Build Tokenized Gold Treasury for Tether Gold
Deals•Oct 10, 2025

Prestige Wealth Raises $150M to Build Tokenized Gold Treasury for Tether Gold

Prestige Wealth raised $150 million to acquire tokenized gold reserves and serve as a blockchain-native, publicly verifiable treasury vehicle for Tether Gold. The capital will be used primarily to purchase tokenized gold and support the company’s treasury operations on-chain.

CoinDesk
Galaxy Secures $460M From Large Asset Manager in Share Purchase to Fund Helios Data Center
Deals•Oct 10, 2025

Galaxy Secures $460M From Large Asset Manager in Share Purchase to Fund Helios Data Center

An unnamed large asset manager purchased nearly 13 million Galaxy shares — a mix of shares bought from the company and some executives — in a $460M investment. Galaxy said the proceeds will be used to advance its Helios HPC/data...

CoinDesk
KindlyMD (NAKA) Completes $563M PIPE to Fund Bitcoin Purchases
Deals•May 1, 2025

KindlyMD (NAKA) Completes $563M PIPE to Fund Bitcoin Purchases

KindlyMD (ticker NAKA) raised $563 million via a PIPE financing in May 2025 to fund bitcoin purchases after a reverse merger that made Nakomoto its subsidiary. The company also issued a $200M senior secured convertible note to Yorkville and later...

CoinDesk

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