Sonnet BioTherapeutics, a publicly listed biotech firm, has announced a definitive merger agreement with Rorschach I LLC, a newly formed entity backed by Atlas Merchant Capital and other crypto-focused investors, including Paradigm Ventures. According to a July 14 statement, the merged company will adopt a new name, Hyperliquid Strategies, Inc. (HSI), and shift its focus
Sonnet pivots to a $888 million Hyperliquid’s HYPE-centric venture Read More »
Metaplanet, the Japanese Bitcoin treasury firm, has revealed a bold strategy to convert its growing Bitcoin reserves into capital for acquiring profitable businesses. According to a July 8 Financial Times report, Metaplanet CEO Simon Gerovich said the company is preparing for a second phase where it can use Bitcoin as collateral to access bank financing.
Metaplanet wants to use Bitcoin as collateral to access bank financing Read More »
Bit Digital sold 280 Bitcoin (BTC) from its treasury and used the proceeds to purchase Ethereum (ETH), marking the completion of a three-month transition to an Ethereum-only treasury strategy. According to a July 7 announcement, the New York-based miner also closed an underwritten share sale that raised approximately $172 million in gross proceeds, as stated
Bit Digital converts entire 280 BTC reserve to $172M worth of Ethereum Read More »
Crypto investment products continued their strong momentum last week, recording $1.04 billion in inflows, according to the latest CoinShares report. This marks the 12th straight week of positive inflows, pushing the year-to-date total to $18 billion. The surge was accompanied by increased trading activity, with weekly volumes rising to $16.3 billion. As a result, the
Ethereum grows twice as fast as Bitcoin in latest $1B crypto fund inflow Read More »
Amber International announced on July 3 that it will deploy new capital into Sui, XRP, and BNB as the next phase of its $100 million Crypto Ecosystem Reserve, expanding its treasury, which already holds Bitcoin, Ethereum, and Solana. The company funded the expansion with a $25.5 million private placement, pricing American Depositary Shares at $10.45,
Amber International shares fall 6.7% following addition of Sui, XRP, BNB to $100 million reserve Read More »
Former Binance CEO Changpeng (CZ) Zhao’s YZi Labs has invested in Digital Asset, the institutional blockchain platform Canton Network developer. YZi Labs joins a $135 million Series E round that was first announced on June 24 and includes participation from finance incumbents like Goldman Sachs, Citadel Securities, DRW, and the Depository Trust & Clearing Corporation
CZ to merge ‘Wall Street and blockchain’ alongside Goldman, DTCC, Citadel Read More »
Ondo Finance and Pantera Capital have launched a $250 million fund to accelerate investments in tokenized real-world assets (RWAs), Axios reported on July 3. According to the report, the fund, named Ondo Catalyst, will invest in equity stakes and tokens of projects developing tokenized versions of traditional financial assets. Ian De Bode, chief strategy officer
Pantera, Ondo launch $250M fund to drive RWA tokenization Read More »
Venture capital funding directed towards crypto startups totaled $4.5 billion during the second quarter, down 22% versus the previous three months. According to DefiLlama data, the breakdown of the second quarter shows monthly flows of roughly $1.29 billion in April, $624 million in May, and $2.5 billion in June. June’s figure is over 4x larger
Crypto VC funding drops 22% in Q2 despite strong June finish Read More »
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