The Defiant
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DeFi and decentralized finance news and analysis
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Deals•Feb 20, 2026
Kraken Acquires Magna for Early Token Support
U.S.-based exchange Kraken announced the acquisition of token‑management platform Magna, with the deal closing on Friday. Terms were undisclosed, but Kraken co‑CEO Arjun Sethi said the purchase will enable early support for token issuers as the exchange readies for a potential IPO.
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Deals•Feb 18, 2026
Hyper Foundation Invests $1M HYPE in New DC DeFi Policy Center
Hyper Foundation announced a $1M HYPE grant to launch a new Washington, DC‑based policy center aimed at clarifying DeFi regulations. The Hyperliquid Policy Center will lobby policymakers to shape clearer rules for the decentralized finance ecosystem, underscoring the foundation’s commitment...
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Deals•Feb 16, 2026
Flying Tulip Announces Public Token Sale for Feb 16
DeFi protocol Flying Tulip, founded by Yearn Finance’s Andre Cronje, is set to launch its public token sale on Feb 16, with the token trading on Feb 23. The sale follows prior fundraising rounds that raised over $290 million, and prediction markets value...
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Deals•Feb 5, 2026
Tether Makes $100M Strategic Equity Investment in Anchorage Digital
Tether announced a $100 million strategic equity investment in Anchorage Digital on Feb 5, 2026, aiming to bolster secure, regulated crypto‑banking infrastructure. The deal underscores a partnership between the leading stablecoin issuer and the first federally chartered crypto bank in the U.S.
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Deals•Dec 10, 2025
ETHZilla Takes 15% Stake in Zippy for $21M to Tokenize Manufactured Home Loans
Nasdaq‑listed ETHZilla Corporation announced a $21 million investment to acquire a 15 % fully‑diluted stake in Zippy, a digital platform for manufactured‑home loans. The deal includes cash and ETHZilla stock, and gives ETHZilla a board seat as the companies partner to tokenize...
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Deals•Dec 4, 2025
Galaxy Acquires Alluvial Finance to Boost Institutional Staking Infrastructure
Galaxy announced the acquisition of Alluvial Finance, aiming to expand its institutional liquid‑staking infrastructure. The deal will keep Liquid Collective under the oversight of its non‑profit foundation, signaling a strategic move into the crypto staking market.
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Deals•Dec 3, 2025
Ostium Labs Secures $24M Series A Funding Led by Jump Crypto and General Catalyst
Ostium Labs, a decentralized tokenized RWA exchange, announced a new Series A round raising $24 million, including a $20 million lead from Jump Crypto and General Catalyst. The round also saw participation from Coinbase Ventures, Wintermute Ventures, Crucible Capital and early users,...
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News•Dec 2, 2025
Kalshi, Polymarket Set New Volume Records in November
Kalshi and Polymarket posted unprecedented trading volumes in November, signaling accelerating demand for prediction markets. Polymarket briefly captured the No. 1 spot in the App Store’s sports category, highlighting mainstream consumer interest. Both platforms reported double‑digit growth in user participation and...
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News•Dec 2, 2025
Monad Briefly Dips Below ICO Price
Monad, the parallelized EVM Layer 1 blockchain, saw its MON token surge to nearly double its ICO price before erasing gains and slipping below the $2.5 billion valuation that funded the sale. The token recovered modestly, trading just above the $0.025 ICO...
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News•Dec 2, 2025
Europe’s Crypto Crusade Rages On
Europol has dismantled another cryptocurrency mixing service, seizing its servers across several EU member states. The takedown underscores a coordinated law‑enforcement push against tools that facilitate money‑laundering. In parallel, Coinbase disclosed a record number of law‑enforcement information requests, up 45%...
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News•Dec 2, 2025
Tokenized Gold Gains Ground as Crypto Markets Wobble
Tokenized gold is rapidly gaining traction as crypto markets wobble, with issuance climbing roughly 45% year‑over‑year. A slowdown in DeFi activity and a 12% dip in Bitcoin’s price have pushed on‑chain investors toward more stable assets. Platforms such as Paxos...
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Deals•Dec 2, 2025
Sonnet BioTherapeutics Merges with Rorschach LLC to Form First HYPE Treasury Company
Sonnet BioTherapeutics announced a merger with Rorschach LLC, creating the inaugural major HYPE treasury company. The deal, valued at approximately $888 million, was approved and is expected to boost HYPE’s market presence.
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News•Dec 1, 2025
Strategy Sets Up $1.44 Billion Dividend Reserve
MicroStrategy announced the creation of a $1.44 billion dividend reserve, designed to fund future payouts tied to its Bitcoin holdings. The move underscores the company's status as the largest publicly traded Bitcoin holder and signals confidence in its long‑term crypto strategy....
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News•Dec 1, 2025
SushiSwap’s Jared Grey Steps Down as Head Chef
The SUSHI token is down 12% on the day.
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News•Nov 28, 2025
Bitcoin Consolidates at $91,000 as Stocks and Gold Rally
Altcoins trade mixed as the total crypto market capitalization dips 0.5% to $3.19 trillion.
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News•Nov 28, 2025
Optimism CEO Teases New Enterprise Strategy
Optimism’s chief executive announced that the network is shifting its focus from public Ethereum Layer‑2 projects such as Base and Ink toward an enterprise‑centric strategy. The new direction emphasizes private rollups, compliance tooling, and partnerships with cloud providers to attract...
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News•Nov 28, 2025
Hyperliquid-Based Kinetiq’s KNTQ Token Trades at $130 Million Valuation
Kinetiq, a liquid‑staking protocol on the Hyperliquid blockchain, introduced its governance token KNTQ on November 27. Within 24 hours the token rose 19% to $0.13, generating $27.7 million in volume and a market cap of $35.3 million, implying a fully‑diluted valuation of roughly...
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News•Nov 27, 2025
RedStone Predicts Tokenized Assets Could Hit $60 Billion in 202
RedStone forecasts tokenized real‑world assets will reach $50‑60 billion by 2026, up from $35 billion today. Private credit remains the largest segment, accounting for roughly 45‑50% of the market, while tokenized equities are set to outpace all categories with 200‑300% growth once...
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News•Nov 27, 2025
Bitcoin Hovers Above $91,000 With US Markets Closed for Thanksgiving
Bitcoin hovered just above $91,000 on Thursday, gaining roughly 1 % in the last 24 hours while U.S. markets were closed for Thanksgiving. The overall crypto market capitalization rose 0.7 % to about $3.2 trillion, indicating continued price discovery despite the holiday. Approximately 82,000...
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News•Nov 26, 2025
Hyperliquid Catches Flak for Reassigning MON Ticker
Pixelmon paid nearly $500,000 to acquire the MON ticker on the Hyperliquid exchange earlier this year. Hyperliquid later reassigned the MON symbol to a different project, Monad, effectively overwriting Pixelmon's branding. The move sparked criticism from the crypto community, accusing...
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News•Nov 26, 2025
SpaceComputer Raises $10 Million to Run Secure Blockchain Compute From Space
SpaceComputer announced a $10 million seed round to develop its SpaceTEE satellite network, which will execute secure blockchain and cryptographic tasks from low‑Earth orbit. The round was co‑led by Maven11 and Lattice, with participation from the Arbitrum Foundation, Offchain Labs, Hashkey...
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News•Nov 26, 2025
Grayscale Files to Convert Zcash Trust Into Spot ZEC ETF
The move follows ZEC’s massive rally since late September.
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Deals•Nov 26, 2025
SpaceComputer Secures $10M Seed Funding to Build Secure Blockchain Compute Satellites
SpaceComputer announced a $10 million seed round to develop an orbital network for secure blockchain computing. The round was co‑led by Maven11 and Lattice, with participation from Superscrypt, the Arbitrum Foundation, Nascent, Offchain Labs, Hashkey, Chorus One and several individual investors.
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News•Nov 25, 2025
Privacy, ZK Everything and Big Announcements: DevConnect 2025 Recap
DevConnect 2025 highlighted privacy as the next frontier for Ethereum and DeFi, with zero‑knowledge proofs and SNARKs positioned as core technologies to realize the Lean Ethereum roadmap. Speakers emphasized that security, censorship resistance, and user protection must be embedded across...
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News•Nov 25, 2025
First US Spot DOGE ETF Sees $1.4M in Day-One Volumes
Grayscale’s spot Dogecoin ETF fell short of expectations on its launch day.
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News•Nov 25, 2025
Ethereum DATs Heavily Underwater as ETH Price Drops Below $3,000
Digital asset treasury (DAT) firms collectively hold millions of dollars in Ethereum, but a sharp decline in ETH's price to below $3,000 has left many of those holdings deeply underwater. The firms, which purchased the cryptocurrency at significantly higher price...
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News•Nov 25, 2025
SKALE Launches on Base in New Initiative for Onchain Agents
SKALE announced the launch of its "Expand" initiative on Base, Ethereum's second‑largest Layer 2 with over $4.3 billion TVL, enabling its SKALE Manager contracts to run on any EVM‑compatible chain. The platform offers gasless transactions, instant execution, and encrypted processing, allowing the...
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News•Nov 25, 2025
Polymarket Receives CFTC Approval to Operate in the United States
The long-awaited Polymarket US has been cleared to launch.
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News•Nov 24, 2025
Bitcoin Clears $88,000 After Trump-Xi Call
Bitcoin rose 1.5% to $88,600 on Monday after news of a phone call between President Donald Trump and Chinese President Xi Jinping, sparking a brief rally in the cryptocurrency market. While Bitcoin remains down 4.5% for the week, Ethereum gained...
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News•Nov 21, 2025
Build on Bitcoin Token Rallies on Coinbase Listing
The newly issued Build on Bitcoin (BOB) token surged 25% to $0.0225 after being listed on Coinbase, marking one of the few gains in a broadly down crypto market. Launched on November 20 at $0.018 with a $45 million market cap,...
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News•Nov 21, 2025
NFT Lending TVL Nears All-Time Lows
The NFT lending market has collapsed to roughly $8.3 million in total value locked (TVL), a 97% drop from its March 2024 peak of over $300 million, according to DefiLlama. Leading platforms have seen dramatic declines: Arcade’s TVL fell to about $300,000...
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News•Nov 20, 2025
MegaETH Announces $250 Million Pre-Deposit Campaign
Ethereum Layer‑2 project MegaETH will launch a limited‑access pre‑deposit bridge on November 25 for users who registered for its ICO via Sonar, allowing unlimited USDC deposits that will be minted into the native stablecoin USDm in partnership with Ethena. The...
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News•Nov 20, 2025
Dinari Integrates LayerZero to Offer Cross-Chain Access to Tokenized U.S. Equities
Dinari announced the integration of LayerZero’s Omnichain Fungible Token (OFT) protocol, allowing its tokenized U.S. equities—called dShares—to be traded and settled across multiple blockchains. The rollout initially spans four chains and 200 U.S. stocks, backed 1:1 by the underlying securities,...
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News•Nov 20, 2025
Polymarket Seeks $12 Billion Valuation After Record-Breaking Month
Polymarket is pursuing a new funding round that would value the decentralized prediction‑market platform at $12 billion after posting record trading volumes of over $3 billion in October and an expected $3.5 billion in November, driven in part by the NYC mayoral election...
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News•Nov 20, 2025
Bitcoin For America Act Would Allow Tax Payments in BTC
Rep. Warren Davidson (R‑Ohio) introduced the Bitcoin For America Act, which would let U.S. taxpayers settle federal taxes with Bitcoin at the market price at transfer, exempting them from capital‑gains tax. All Bitcoin collected would be deposited into a Strategic...
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News•Nov 20, 2025
Crypto Market Holds Steady as Traders Digest Delayed US Jobs Report
Crypto markets remained largely flat on Tuesday, with Bitcoin hovering around $91,000—a 0.5% dip in 24 hours and an 11% decline for the week—while Ethereum slipped 1.4% to just above $3,000. The Crypto Fear and Greed Index stayed in extreme‑fear...
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News•Nov 20, 2025
Securitize to Launch Institutional Assets on Plume’s Nest Protocol
Plume, a real‑world asset finance blockchain with $159 million TVL, announced that tokenization platform Securitize will deploy institutional‑grade assets on its Nest staking protocol. The rollout will begin with Hamilton Lane funds, targeting $100 million in capital and expanding to additional issuers...
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News•Nov 20, 2025
S& P Ratings Gives Justin Sun-Linked TrueUSD Lowest Score
S&P Global Ratings assigned TrueUSD (TUSD) the lowest possible stability score of 5, indicating a weak ability to maintain its $1 peg. The rating reflects concerns that most of TUSD’s reserves are held by a single custodian, First Digital Trust,...
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News•Nov 19, 2025
BlackRock Registers Staked Ethereum Trust
BlackRock has officially registered the iShares Staked Ethereum Trust in Delaware, four months after the SEC acknowledged its filing to allow staking in its ETHA Ethereum ETF. The new trust follows BlackRock's ETHA, the largest Ethereum ETF with over $13 billion...
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News•Nov 19, 2025
Hyperliquid to Roll Out ‘Growth Mode’ to Supercharge New Markets
Hyperliquid announced a "growth mode" upgrade for its HIP‑3 perpetual futures system, slashing taker fees from the standard 0.045% to as low as 0.00144%‑0.009% for new permissionless markets. The fee reductions, which also apply to rebates and volume contributions, are...
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News•Nov 18, 2025
0xbow Raises $3.5 Million to Expand Privacy Pools
0xbow closed a $3.5 million seed round led by Starbloom Capital, with participation from Coinbase Ventures, BOOST VC and others, to scale its Privacy Pools technology that batches and mixes on‑chain transactions while preserving AML compliance. Launched on Ethereum in March 2025, the...
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News•Nov 18, 2025
Ledger Draws Heat as Pre-2018 Zcash Holders Face Dropped Support
Long‑time Zcash holders with coins minted before the 2018 Sapling upgrade are unable to spend their assets using Ledger hardware wallets after the company removed support for the legacy "version 1" transaction format. The issue, highlighted by Bitcoin developer Jameson Lopp,...
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News•Nov 18, 2025
Nearly 20% of Americans Would Prefer Crypto Over Gift Cards This Holiday Season: PayPal
A PayPal‑partnered survey of more than 2,000 U.S. adults finds that 17% would rather receive cryptocurrency than a gift card this holiday season, and 31% think crypto gifts are less likely to go unused. Among current crypto holders, roughly 65%...
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News•Nov 18, 2025
Ethereum Unveils New Technical Details About Interop Layer
Ethereum announced new technical details for its Interop Layer (EIL), a protocol that lets users send tokens, mint NFTs and trade across EVM‑compatible rollups without using bridges or separate wallet integrations. The system works with any rollup that settles to...
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News•Nov 18, 2025
BNY’s New Fund Pushes for Safer Stablecoin Reserves
BNY Mellon launched the BNY Dreyfus Stablecoin Reserves Fund (BSRXX) on Nov. 13 as a regulated money‑market vehicle for stablecoin issuers to park cash under the GENIUS Act, with Anchorage Digital providing the seed investment. The fund offers a safer, standardized...
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Deals•Nov 18, 2025
0xbow Secures $3.5M Seed Funding to Expand Privacy Pools
DeFi privacy platform 0xbow announced a $3.5 million seed round to grow its Privacy Pools technology. The round was led by Starbloom Capital and included investors such as Coinbase Ventures, BOOST VC and Status Research & Development GmbH. Funds will be used...
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News•Nov 11, 2025
Ethereum Sees First Sustained Validator Exit Since Proof-of-Stake Shift
Ethereum’s daily active validator count dropped about 10% since July, slipping below the 1 million mark for the first time since April 2024, marking the first sustained validator exit of this magnitude since the network’s September 2022 proof‑of‑stake transition. The exit‑queue wait time...
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News•Nov 11, 2025
Threshold Network Upgrades tBTC Bridge to Link Institutional Bitcoin with DeFi
Threshold Network has upgraded its tBTC bridge to let institutions mint and redeem tokenized Bitcoin in a single transaction without moving the underlying asset out of regulated custodial storage. The new architecture links directly to custodians and supports multiple blockchains—including...
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News•Nov 10, 2025
Monad Faces Community Backlash After Unveiling Tokenomics
Monad, a Layer‑1 blockchain, announced a public token sale on Coinbase’s new platform, offering 7.5% of the MON supply at a $2.5 billion valuation that could raise about $187 million. Its tokenomics disclose only a 3.3% airdrop and a 7.5% public sale,...
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News•Nov 10, 2025
Trump Tokens Outperform After US President Teases ‘Tariff Dividends’
The crypto market rallied after President Trump hinted on Truth Social that tariff revenues could fund $2,000 stimulus checks, sending his namesake tokens soaring. Bitcoin rose just over 1%, while World Liberty Financial (WLFI) surged 24% and the TRUMP memecoin...
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News•Nov 10, 2025
XPL Rallies After Plasma Reveals Collaboration with Daylight Energy
Plasma’s native token XPL jumped 10% to $0.325, lifting its market value to $607 million after the Layer 1 blockchain announced a partnership with Daylight Energy to launch GRID, a fully collateralized M0‑backed stablecoin, and sGRID, a yield‑bearing token tied to the...
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Deals•Nov 10, 2025
Monad Announces $187 Million Public Token Sale on Coinbase Platform
Monad, a Layer‑1 blockchain, unveiled its tokenomics and announced a public sale of 7.5% of MON tokens on Coinbase’s new token‑sale platform, targeting a $187 million raise at a $2.5 billion valuation. The announcement sparked community backlash over allocation ratios but signals...
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News•Nov 7, 2025
Ethena Season 4 Rewards Go Live
Ethena launched its Season 4 rewards, distributing 3.5% of the ENA token supply – 1.5% instantly claimable, 1% vested for the top 2,000 wallets and instantly available to smaller users, and the final 1% pending the launch of Hyena Trade, the...
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News•Nov 7, 2025
LayerZero Token Surges After $10 Million Buyback
LayerZero Labs announced a $10 million open‑market buyback of its native ZRO token, pushing the price 11 % higher to $1.73 and lifting market cap to $194 million. The firm reiterated its view that ZRO is mispriced and signaled ongoing repurchases, echoing a...
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News•Nov 7, 2025
Web3 Bug Bounty Firm Immunefi Plans ICO, Targets TGE in February 2026
Immunefi, the leading Web3 bug‑bounty firm, announced a public token sale on CoinList from Nov. 12‑19, offering about 374 million IMU tokens (3.74% of the 10 billion total) at $0.01337 each to raise $5 million, implying a $133 million fully‑diluted valuation—over 70% lower than its...
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News•Nov 7, 2025
Stable Pauses Deposits After Another Pre-Deposit Vault Mishap
Stable, the Bitfinex‑backed stablechain, halted deposits into its Phase 2 pre‑deposit vault on Nov. 6 after users encountered repeated terms‑of‑service prompts and a crash of the Hourglass yield‑protocol website, which forced many to try direct contract deposits that were subsequently rejected. The...
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Deals•Nov 7, 2025
Immunefi Announces $5M ICO on CoinList Ahead of 2026 Token Generation Event
Immunefi, the leading Web3 bug bounty firm, unveiled a public token sale on CoinList to raise $5 million, with the sale running Nov 12‑19. The offering will allocate 374 million IMU tokens at $0.01337 each, targeting a token generation event in February 2026. Proceeds...
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News•Nov 6, 2025
MegaETH ICO Allocations Leave Community Split
MegaETH, an Ethereum Layer‑2 project, disclosed token allocations for its October 30 ICO, which raised nearly $1.4 billion in demand for a $50 million MEGA token pool, resulting in a 28‑times oversubscription. The allocation was split into "community" and "public" categories, with...
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News•Nov 5, 2025
Controversial Hyperliquid HIP-5 Proposal Leaves Community Split
The Hyperliquid community is debating HIP‑5, a proposal to create a second assistance fund (AF2) that would allocate up to 5 % of protocol fees to purchase tokens of approved ecosystem projects such as PURR, Kinetiq and Felix. Currently 99 % of...
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News•Nov 5, 2025
Seven Ethereum Protocol Teams Form Alliance to Engage on Crypto Policy
Seven leading Ethereum protocol teams—Aave Labs, Aragon, Curve, Lido Labs Foundation, Spark Foundation, The Graph Foundation and Uniswap Foundation—have formed the Ethereum Protocol Advocacy Alliance (EPAA). The alliance will pool technical expertise to influence emerging crypto regulations, representing protocols that...
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News•Nov 5, 2025
DWF Labs ‘Likely’ Exploited for $44M in 2022 Hack Linked to North Korea: Report
Crypto investment firm DWF Labs is alleged to have been breached in September 2022, resulting in the theft of more than $44 million in USDC and USDT, according to blockchain researcher Tanuki42. The attack is attributed to the North Korea‑linked hacking...
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News•Nov 4, 2025
Privacy Coin Rally Continues as DASH Surges 150%
The DASH cryptocurrency has surged 156% in the past week and roughly 200% over the last month, lifting its price to $120 – the highest level since 2022 – and pushing its market capitalization to about $1.4 billion. The rally follows...
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Deals•Oct 31, 2025
Securitize to Go Public via $1.25B SPAC Deal with Cantor Equity Partners II
Securitize announced it will become a publicly listed company through a business combination with SPAC Cantor Equity Partners II, valuing the combined entity at about $1.25 billion. The transaction is expected to list the new company on Nasdaq under the ticker...
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Deals•Oct 30, 2025
MegaETH ICO Set to Raise up to $50M as over $1B in Bids Compete for MEGA Tokens
MegaETH is closing its initial coin offering on 2025-10-30 with a $50 million cap, though more than $1 billion in commitments have been placed for MEGA token allocations. The sale is run via Sonar, allows token lockups for discounts, and...
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Deals•Oct 24, 2025
Pumpfun Acquires Multichain Memecoin Trading Terminal Padre
Pumpfun has acquired Padre, a multichain memecoin trading terminal operating on Solana, Base, Ethereum, and BNB Smart Chain, expanding Pumpfun's memecoin trading stack and challenging trading bots. The deal was announced on 2025-10-24; no financial terms were disclosed.
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Deals•Oct 24, 2025
Ripple Completes $1.25B Acquisition of Hidden Road, Rebrands It as Ripple Prime
Ripple has completed its acquisition of global prime broker Hidden Road for $1.25 billion and rebranded the business as Ripple Prime. The deal expands Ripple into institutional prime brokerage and supports greater use of its stablecoin RLUSD and XRP in...
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Deals•Oct 23, 2025
Hyperliquid Strategies Files S-1 to Raise up to $1B in Public Offering
Hyperliquid Strategies filed an S-1 prospectus on Oct 22, 2025 outlining plans to offer up to $1 billion in a public offering of 160 million shares to build a digital asset treasury. The filing signals the company's intent to go...
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Deals•Oct 23, 2025
Kalshi Raises $300M From Paradigm, Sequoia and Andreessen Horowitz
Kalshi raised $300 million from venture firms including Paradigm, Sequoia, and Andreessen Horowitz to support its crypto and on‑chain expansion. The funding backs Kalshi's push into on‑chain prediction markets and integrations such as its partnership with oracle RedStone.
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Deals•Oct 23, 2025
Aave Labs Acquires Stable Finance to Simplify Stablecoin Savings
Aave Labs has acquired San Francisco fintech startup Stable Finance, bringing founder Mario Baxter Cabrera and the full engineering team into Aave Labs to accelerate consumer-facing DeFi products and simplify stablecoin savings. The Stable app will be phased out as...
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Deals•Oct 22, 2025
Kinetiq Raised $1.75M From Hyperliquid‑ecosystem Investors
Kinetiq (the Kinetiq Foundation) raised $1.75 million from investors active within the Hyperliquid ecosystem, the Foundation revealed. The funding was disclosed alongside the launch of Kinetiq's KNTQ governance token and follows the protocol's rapid TVL growth since launching in July...
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Deals•Oct 22, 2025
DraftKings Acquires Railbird to Launch DraftKings Predictions
DraftKings announced the acquisition of Railbird as it prepares to launch a new prediction markets platform, DraftKings Predictions. Polymarket Clearing will serve as the designated clearinghouse for the product's backend infrastructure.
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Deals•Oct 21, 2025
Coinbase Acquires Echo for $375 Million to Expand On‑Chain Fundraising
Coinbase has acquired blockchain fundraising platform Echo in a cash-and-stock deal valued at approximately $375 million. The acquisition will integrate Echo’s Sonar public token sale platform into Coinbase’s on‑chain capital formation tools and bring Echo co‑founder Jordan “Cobie” Fish to...
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Deals•Oct 20, 2025
Turtle Raises $5.5M to Expand Programmable DeFi Liquidity Infrastructure
On‑chain liquidity distribution protocol Turtle raised $5.5 million, bringing total funding to $11.7 million. The capital will fund engineering hires, product infrastructure, and cross‑chain integrations; investors include GSR, FalconX, Anchorage VC and founders from Polygon, 1inch and Gnosis.
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Deals•Oct 20, 2025
Greenlane Raises $110M Private Placement to Fund BERA DAT with Polychain Lead
Greenlane Holdings announced a $110 million private placement to fund its new BERA digital asset treasury (DAT), led by Polychain Capital and including institutional/crypto investors such as Blockchain.com, Kraken, North Rock Digital, CitizenX and dao5, supported by the Berachain Foundation....
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Deals•Oct 19, 2025
Kalshi Raises $300M in Growth-Stage Financing as Prediction Markets Go Mainstream
Kalshi secured $300 million in financing as it positions itself as a regulated, institutional prediction market; the raise accompanies broader investor interest in the space as incumbents and exchanges eye the market.
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Deals•Oct 17, 2025
Stripe-Backed Tempo Raises $500M Series A at $5B Valuation
Tempo, a payments-focused blockchain developed by Stripe and Paradigm, raised $500 million in a Series A round led by Thrive Capital and Greenoaks, valuing the company at $5 billion. Additional participants included Sequoia, Ribbit Capital, and SV Angel; Stripe and...
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Deals•Oct 16, 2025
Ventuals Raises $38M in HYPE Deposits Within 30 Minutes to Fund HIP-3 Markets
Ventuals launched a HYPE liquid staking vault to fund its HIP-3 permissionless derivatives market, collecting roughly $38 million (just over 1 million HYPE) within the first 30 minutes and reaching 1.29 million HYPE by time of reporting. The launch included...
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Deals•Oct 10, 2025
Umbra Completes Oversubscribed ICO, Caps Raise at $3M After $150M+ Commitments
Privacy protocol Umbra concluded its ICO on 2025-10-10, pricing UMBRA at $0.30 and capping the raise at $3 million (roughly $8.55M FDV) after more than $150M in commitments. The token launched on secondary markets trading ~5x ICO price; the sale...
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Deals•Oct 8, 2025
Plume to Acquire Dinero to Add Liquid Staking and Compliance Infrastructure
Plume announced plans to acquire Dinero to integrate liquid staking products and compliance infrastructure into Plume’s real-world asset blockchain. The acquisition aims to strengthen Plume’s DeFi capabilities and compliance features for tokenized assets.
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Deals•Oct 7, 2025
ICE Invests $2B in Polymarket to Expand Into Prediction Markets
Intercontinental Exchange (ICE) has invested $2 billion in Polymarket in a strategic corporate funding round, making ICE a global distributor of Polymarket data and supporting Polymarket's expansion into prediction markets. The partnership positions ICE to distribute Polymarket's data while providing...
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Deals•Oct 7, 2025
Intercontinental Exchange Invests $2 Billion in Polymarket
Intercontinental Exchange (ICE) made a $2 billion investment in decentralized prediction market platform Polymarket, signaling major corporate backing for the sector. The investment was highlighted amid record trading volumes across prediction markets and increased mainstream partnerships.
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Deals•Oct 3, 2025
Orange Cap Games Acquires Moonbirds Ahead of BIRB Token Launch
Moonbirds, the NFT collection, was acquired by Orange Cap Games and is set to launch its BIRB token on Solana amid a surge in trading volume. The article notes the collection’s trading volume rose over 1,000% in 90 days and...
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Deals•Oct 2, 2025
Avalanche Treasury Co. To Merge with Mountain Lake Acquisition in $675M Deal
Avalanche Treasury Co. announced a planned $675 million merger with SPAC Mountain Lake Acquisition. The transaction includes $460 million in assets and a discounted purchase of AVAX tokens from the Avalanche Foundation, effectively bringing Avalanche Treasury public via the SPAC...
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Deals•Oct 1, 2025
IHC Backs ADI Chain to Launch Dirham-Backed Stablecoin
Abu Dhabi-based conglomerate IHC has backed ADI Chain, an L2 blockchain project building a dirham-backed stablecoin to onboard the region’s financial system onto blockchain. The backing is a corporate investment to support ADI Chain’s development and stablecoin launch; financial terms...
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