Deals

Ton Foundation seeking 0M to setup public treasury company to accumulate Toncoin

Ton Foundation seeking $400M to setup public treasury company to accumulate Toncoin

The TON Foundation and Kingsway Capital Partners are seeking to raise at least $400 million for a crypto treasury company that would hold Toncoin, according to a Bloomberg News report citing people familiar with the matter. The planned vehicle would use a private investment in public equity (PIPE) structure, in which a publicly traded company […]

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Polymarket mulls own stablecoin for efficient use of USDC reserves

Polymarket mulls own stablecoin for efficient use of USDC reserves

Crypto prediction market Polymarket is considering launching its own stablecoin to gain control over the interest-bearing reserves currently backing USDC deposits on its platform, CoinDesk reported, citing sources familiar with the matter. The deliberations reflect a broader industry trend as platforms seek to internalize stablecoin-related revenue, particularly in closed ecosystems. The source told the news

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Polymarket mulls own stablecoin for efficient use of USDC reserves

Polymarket eyes return to the US following acquisition of CFTC-licensed QCEX for $112M

Polymarket acquired the holding company behind QCX LLC and QC Clearing LLC for $112 million, securing a Commodity Futures Trading Commission (CFTC)-regulated exchange and clearinghouse. According to the July 21 announcement, the movement will enable the blockchain prediction venue to serve American customers in compliance with federal regulations. Regulatory reset precedes deal The purchase arrives

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Bitcoin Standard to go public on Nasdaq with 30,021 Bitcoin treasury following Cantor merger

Bitcoin Standard to go public on Nasdaq with 30,021 Bitcoin treasury following Cantor merger

Bitcoin Standard Treasury Company has agreed to merge with Cantor Equity Partners I (CEPO) in a SPAC transaction that will take the Bitcoin-focused treasury vehicle public on Nasdaq under the ticker BSTR once the deal is closed.  The parties signed the Business Combination Agreement dated July 16 and released the announcement today.  BSTR plans to

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Coinbase partners with Perplexity for real-time crypto insights via AI

Coinbase partners with Perplexity for real-time crypto insights via AI

Coinbase has announced a new partnership with the AI search platform Perplexity to provide traders direct access to reliable, real-time crypto market data. Coinbase CEO Brian Armstrong shared the update on July 10 via social platform X, confirming that Phase 1 of the integration is now live. According to him, Perplexity is currently ingesting Coinbase’s

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CoreWeave’s B acquisition of Core Scientific sparks legal investigation

CoreWeave’s $9B acquisition of Core Scientific sparks legal investigation

CoreWeave, a rising player in the artificial intelligence industry, has entered a definitive agreement to acquire Bitcoin mining company Core Scientific in an all-stock transaction, according to a July 7 announcement. This strategic move would help CoreWeave to strengthen its data center capabilities and expand its AI and high-performance computing (HPC) infrastructure. Agreement terms Under the

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Stablecoin startups surpass 2021 venture capital peak as institutional money pours in

Stablecoin startups surpass 2021 venture capital peak as institutional money pours in

The stablecoin and payments category has demonstrated a remarkable rebound in venture capital activity, with the third quarter and fourth quarter of 2024 recording 43 and 42 deals, respectively — figures that represent new all-time highs for quarterly deal counts in this sector. This surge is particularly impressive when viewed against the 2021 cycle peak,

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CoreWeave revives bid for Core Scientific causing shares to surge 33%

CoreWeave revives bid for Core Scientific causing shares to surge 33%

CoreWeave is negotiating to acquire Bitcoin (BTC) miner-turned-compute host Core Scientific, the Wall Street Journal reported on June 26, citing people familiar with the matter.  The cloud infrastructure company attempted to acquire the miner for $5.75 per share in June 2024 but withdrew after Core Scientific’s board deemed the price inadequate. Core Scientific and CoreWeave

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Private equity tokenization platfrom Jarsy launches out of stealth with pre-seed backing from Breyer Capital

Private equity tokenization platfrom Jarsy launches out of stealth with pre-seed backing from Breyer Capital

Jarsy, a web3 platform offering retail investors tokenized shares of private companies, launched out of stealth on Thursday with backing from venture firm Breyer Capital.  The startup will unlock access to pre-IPO companies by issuing a token that directly tracks that company’s private shares, including for high-profile firms like Anthropic and Stripe. Each token minted

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Former Coral Capital execs to launch BNB treasury firm Build & Build Corporation, raise 0 million: report

Former Coral Capital execs to launch BNB treasury firm Build & Build Corporation, raise $100 million: report

Former executives from Coral Capital Holdings are planning to launch a crypto treasury venture that will invest in Binance’s exchange token, BNB, Bloomberg reported on Monday. The firm is reportedly looking to raise $100 million to fund this plan. According to Bloomberg, the executives expect to complete their fundraising and begin accumulating BNB this month

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