Tag:

Raises

Indian flag (Naveed Ahmed/Unsplash)
Crypto Trends

MEXC Ventures Raises Ethena Investment to $66M

by admin



MEXC Ventures has doubled down on its investment in the Ethena ecosystem, bringing its total exposure to $66 million, according to a press release shared with CoinDesk.

The latest move includes a $14 million investment in ENA, the governance token of the Ethena protocol, building on a $16 million ENA purchase and $20 million acquisition of USDe made earlier this year.

USDe is a synthetic stablecoin designed to track the value of the dollar without holding traditional reserves. Instead, it uses a combination of collateralized stablecoins and futures contracts.

The stablecoin’s market capitalization has nearly tripled since early July from around $5.3 billion to now stand at $14.65 billion. Traditional stablecoins backed by cash and cash equivalents, including U.S. Treasurys, remain dominant, with the leader USDT having a $174.7 billion market capitalization.

MEXC Ventures, the press release says, has already invested over $100 million in 40 investment projects. It has provided “enhanced empowerment support” to seven projects.

“We view our role as ecosystem builders rather than passive investors,” Leo Zhao, Investment Director of MEXC Ventures, said.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Fnality secures $136m, Zerohash raises $104m
Crypto Trends

Fnality secures $136m, Zerohash raises $104m

by admin



Crypto startups secured close to $380 million across 17 deals in the week of Sept. 21–27, led by Fnality’s $136 million Series C and Zerohash’s $104 million Series D.

Strategic raises and early-stage funding rounds, compiled using Crypto Fundraising‘s database, are adding to the total despite broader market caution.

Summary

  • Crypto startups raised $378M this week across 17 deals despite market caution
  • Fnality led with $136M Series C; Zerohash followed with $104M Series D raise
  • RedotPay hit $47M strategic funding; multiple seed deals boosted the total

Here’s a detailed breakdown of this week’s crypto funding activity:

Fnality International

  • Raised $136 million in a Series C round
  • Fnality International is developing a regulated payment system
  • The investment was backed by Westpac, Bank of America, and Citi
  • The project has raised $344.2 million so far

Zerohash

  • Zerohash secured $104 million in a Series D round
  • The project is a full‑stack crypto‑service infrastructure provider
  • Investors include Fifth Third, Morgan Stanley, and SoFi

RedotPay

  • RedotPay raised $47 million in a Strategic round with a fully diluted valuation of $1 billion
  • The investment was backed by Coinbase Ventures, Galaxy Digital, and Vertex Ventures
  • The project has raised $87 million so far

Bastion

  • Bagged $14.6 million in a Strategic round
  • Bastion is operating in analytics, asset management, data service, and stablecoin sectors
  • Investors include Coinbase Ventures, Sora Ventures, and Samsung Next
  • Bastion has raised $39.6 million so far

Raiku

  • Raiku raised $11.25 million in a Seed round
  • Backed by Pantera, Jump Capital, and Lightspeed Faction
  • Raiku is a coordination layer and infrastructure protocol built

Projects < $10 Million

  • BULK, $8 million in a Seed round
  • Cloudburst, $7 million in a Series A round
  • Divine, $6.6 million in a Seed round
  • Shield, $5 million in a Seed round
  • Akio, $5 million in a Seed round
  • Coop Records, $4.5 million in a Seed round
  • Falcon Finance, $4 million in a Public sale
  • USD AI (Permian Labs), $4 million in an unknown round
  • Stablecorp (QCAD), $3.6 million in a Strategic round
  • Melee, $3.5 million in a Pre-seed round
  • Hana Network, $3 million in a public sale with $400 million fully diluted valuation
  • Lab, $1.5 million in a Public sale



Source link

0 comments
0 FacebookTwitterPinterestEmail
Kraken Raises $500M at $15B Valuation Amid Rising IPO Buzz: Report
Crypto Trends

Kraken Raises $500M at $15B Valuation Amid Rising IPO Buzz: Report

by admin



Kraken has reportedly raised $500 million at a $15 billion valuation, strengthening its financial position amid growing speculation that the cryptocurrency exchange is preparing for an initial public offering (IPO).

The funding was first reported by Fortune, which cited a source close to the negotiations in a profile on co-CEO Arjun Sethi. The source claimed that Kraken closed the round earlier this month.

When contacted by Cointelegraph for confirmation, a Kraken representative declined to comment.

The raise and valuation are broadly in line with Cointelegraph’s reporting in July, which revealed that Kraken was seeking $500 million at a $15 billion valuation — a move widely interpreted as a step toward IPO readiness.

Source: Cointelegraph

While Kraken has not filed any regulatory paperwork for a public listing, several of its actions appear consistent with IPO preparation, including enhancing financial disclosures. However, the company has yet to submit an S-1 registration statement to the US Securities and Exchange Commission (SEC), a necessary step for any US public offering.

Founded in 2011 and launched in 2013, Kraken is one of the industry’s oldest operating exchanges. It processed roughly $1.9 billion in trading volume over the past 24 hours, ranking among the top 15 global crypto exchanges, according to CoinMarketCap.

Related: Ether supply on exchanges hits 9-year low amid ‘Wall Street glow up’

Crypto IPO mania grows

Kraken’s reported interest in a public offering comes amid a wave of crypto firms heading to public markets with remarkable success.

Gemini, the exchange founded by Cameron and Tyler Winklevoss, was over 20 times oversubscribed in its Nasdaq debut, raising $425 million. Since going public earlier this month, its market capitalization has swelled to over $2.8 billion.

Source: Cointelegraph

Circle, the issuer of USDC (USDC), completed a billion-dollar IPO in June, with shares surging 167% on opening day. The company now commands a valuation of roughly $31.4 billion.

Figure Technology Solutions, a blockchain-based lender, also staged a blockbuster debut. Its shares jumped over 20% when trading began in September, lifting its market cap above $8.4 billion.

Meanwhile, BitGo, a leading crypto custodian with over $90 billion in assets, has filed S-1 registration documents with the SEC as it seeks to list its Class A common stock on the New York Stock Exchange.

The IPO rush comes amid a backdrop of favorable regulatory developments in the United States, including the passage of the GENIUS stablecoin bill and progress on market structure and anti-CBDC legislation, which together have provided greater clarity for the digital asset industry.

Related: US lawmakers challenge SEC on Tron IPO, press for probe into Justin Sun



Source link

0 comments
0 FacebookTwitterPinterestEmail
A magnifying glass shows a fingerprint displayed on a background of ones and zeroes.
Crypto Trends

Kraken Raises $500M in Funding Round Valuing Crypto Exchange at $15B: Fortune

by admin



Popular cryptocurrency exchange Kraken closed a $500 million funding round, setting the stage for a long-awaited IPO now expected in 2026, Fortune reported.

The round did not feature a lead investor and was closed on Kraken’s terms valuing the firm at $15 billion, Fortune said, citing a person who was not authorized to discuss the matter publicly. Backers included investment managers, venture capitalists and Kraken co-CEO Arjun Sethi, who also participated via his Tribe Capital investment firm.

Founded in 2011, Kraken had reportedly raised only $27 million in venture capital funding until this year. It generated $411 million in revenue and nearly $80 million in post-Ebitda earnings in the second quarter, according to the report.

Much of Kraken’s transformation over the last year has been steered by Sethi, who, despite sharing the CEO title with Dave Ripley, is widely seen as the company’s strategic leader.

Under him, Kraken acquired U.S. futures platform NinjaTrader for $1.5 billion, expanding its customer base by 2 million and bolstering its presence in traditional finance.

Behind the scenes, Kraken has seen a wave of executive turnover, with four senior executives recently leaving the company as it trims jobs ahead of the planned initial public offering.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Scattered pile of $1 bills (Gerd Altmann/Pixabay)
GameFi Guides

Melee Raises $3.5M to Launch ‘Viral Prediction Markets’ Without Gatekeepers

by admin



Melee, a new prediction market startup that says speculation and betting should be as open as online discussion, has raised $3.5 million from Variant, DBA and a group of angel investors to roll out what it calls “Viral Markets.”

Crypto native companies have witnessed the runaway success of Polymarket, the digital asset betting platform that grew to prominence during the U.S. election campaigns. Other novel projects to emerge include ‘Forecast Markets,’ a type of dated futures contracts launched on Clearmatics’ Autonity blockchain.

Melee, which allows anyone to easily create a market on anything, sees prediction markets evolving alongside the internet like other types of social networks, following dimensions like media type, social graphs, interest graphs, and more, VC firm Variant said in an email.

“We see prediction markets not as a winner-take-all market but as a burgeoning category, much like social networks, where there can be many winners. Social networks reshaped the way we create and consume information and media,” Variant said.

“Unlike existing platforms that rely on centralized teams or professional market makers, Melee uses a pricing mechanism that rewards traders for being early and correct,” Variant added.

The design also aims to attract creators. Influencers, podcasters or streamers can open markets tied to their audience’s interests and earn revenue from trading activity without taking on reputational risk. A fictional example might be a streamer launching a market on whether a blockbuster video game release will hit its target date, allowing fans to speculate directly alongside the conversation.

For traders, the appeal lies in asymmetric upside. Entering a market early means lower costs of exposure, and payouts rise as more participants join and the outcome becomes clearer.

The project’s team includes veterans of Solana, Avalanche, Monad, SIG, Microsoft and Amazon. The long-term vision, according to the announcement, is to create “humanity’s platform for valuing beliefs,” where millions of markets continuously reflect shifting cultural sentiment in real time.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Bitmine Now Holds 2% Of Ethereum, Raises $365M To Buy More
GameFi Guides

BitMine Now Holds 2% of Ethereum, Raises $365M to Buy More

by admin



BitMine Technologies, a crypto treasury company led by Tom Lee, shared today that it now owns 2.4 million Ethereum coins. This is more than 2% of the total Ethereum supply.

In the press release, the company said the coins are worth about $10.1 billion at today’s prices, making it the biggest company holder of Ethereum in the world. The company confirmed that it bought its coins at an average price of $4,500 each. This is about 7.25% higher than the current market price of $4,200. Even though the coins are worth less now than when they were bought, BitMine believes this is a smart move for the long run. 

According to Strategic ETH Reserve data, no other corporate treasury holds as much ETH. The second biggest corporate holder is SharpLink Gaming, which owns 838,150 coins.

Bitmine Holding surpass other cooperate holding | Source: Strategic ETH Reserve

BitMine’s combined assets, including its cash, equity, and crypto combined, now total $11.4 billion. This places the firm as one of the biggest crypto treasuries, along with Strategy, which owns 639,835 coins worth over $74 billion. 

Meanwhile, the company started buying ETH aggressively earlier this month, when it purchased 46,255 ETH for $200 million. It added $65 million more shortly after which increased its share of total supply to 1.5%.

To raise more money, BitMine sold 5.22 million shares at $70 each on September 22, which is a 14% premium compared to the September 19 closing price of $61.29. The company also issued 10.4 million warrants that can be used to buy shares later at $87.50 each. From the share sale alone, BitMine raised $365 million. If all warrants are used, it could collect as much as $913 million more.

BitMine stock (BMNR) Share Chart | Source: Yahoo Finance

But, despite this, BitMine stock (NYSE: BMNR) is down 10% in pre-market trading today. At the time of writing, it has dropped under $55 as Ethereum also slipped 7.42% on the same day, according to CoinMarketCap.

Also Read: Low-Risk DeFi Can Lead Ethereum, How Search Did For Google: Buterin



Source link

0 comments
0 FacebookTwitterPinterestEmail
Tom Lee's BitMine (BMNR) Raises $365M at $70 a Share to Expand Its Massive ETH Treasury
Crypto Trends

Tom Lee’s BitMine (BMNR) Raises $365M at $70 a Share to Expand Its Massive ETH Treasury

by admin



BitMine Immersion Technologies (BMNR), chaired by Tom Lee, said Monday it now controls more than 2% of ether’s supply and raised $365 million to expand its holdings.

The company announced this morning that its treasury, valued at $11.4 billion as of Sept. 21, consists of 2,416,054 ETH at $4,497 per token, 192 bitcoin BTC$113,000.36, $345 million in cash and a $175 million equity stake in Eightco Holdings.

BitMine described itself as the world’s largest public holder of ether and the second-largest crypto treasury overall, trailing only Michael Saylor’s Strategy Inc. (MSTR).

BitMine is chaired by Tom Lee, who is also head of research at Fundstrat and chief investment officer at Fundstrat Capital.

Lee said the company is pursuing what he calls the “alchemy of 5%,” aiming to accumulate 5% of the total ETH supply. “Wall Street and AI moving onto the blockchain should lead to a greater transformation of today’s financial system. And the majority of this is taking place on Ethereum,” Lee said.

Raising funds to grow the treasury

A few hours later, BitMine announced a securities purchase agreement with an institutional investor covering 5.2 million shares of common stock at $70 per share — about 14% above its Sept. 19 close — along with warrants for up to 10.4 million additional shares at $87.50.

The offering is expected to raise $365 million in gross proceeds, with the warrants potentially adding another $913 million, bringing total potential proceeds to about $1.28 billion.

Lee said the primary use of funds would be to expand BitMine’s ether holdings, calling the premium pricing “materially accretive” to existing shareholders.

BitMine added that institutional demand reflected growing interest in ethereum as Wall Street integrates blockchain into financial infrastructure.

As of 11:13 a.m. ET, BMNR shares were trading around $55.79, down 9% on the day, according to Google Finance.



Source link

0 comments
0 FacebookTwitterPinterestEmail
XRP Burns Going to 0: Crucial Metric Plunge Raises Questions
GameFi Guides

XRP Burns Going to 0: Crucial Metric Plunge Raises Questions

by admin


  • XRP’s fees disappear
  • XRP in descending channel

When it comes to tokenomics, XRP has always functioned differently from Ethereum or Shiba Inu. While SHIB actively destroys supply through coordinated burns and ETH introduced a fee-burning mechanism through EIP-1559, XRP’s burn is exclusively connected to transaction fees on the Ripple network. XRP is only ever destroyed once users complete transactions, in which case the fee, typically a penny or less, is permanently taken out of circulation.

XRP’s fees disappear

The quantity of XRP burned as fees has drastically declined over the last three months, becoming almost insignificant at this point. As of Sept. 21, data indicates that only 163 XRP had been burned in a single day, which is a significant decline from the July and early August peaks when network activity momentarily increased. The long-term dynamics of supply and the general use of XRP Ledger are seriously called into question by this consistent decline.

XRP/USDT Chart by TradingView

XRP lacks a protocol-level or community-driven mechanism to speed up burns in contrast to Ethereum or SHIB. Since burn rates are nearly zero, the effect on supply reduction is essentially meaningless. This calls into question one of the bullish theories that could be applied to XRP: Scarcity through destruction. XRP is stuck in its enormous circulating supply of almost 60 billion tokens without a proper circulation removal mechanism.

XRP in descending channel

To make matters worse, the chart indicates that XRP is battling under a downward channel with important supports located at $2.99 and $2.83. Failure to maintain these levels might hasten the decline. XRP’s argument for scarcity-driven growth seems weaker than ever in the absence of burns strengthening long-term fundamentals.

The decrease in burns makes it clear that unless the Ripple ecosystem can significantly expand its on-chain utility, the supply of XRP will not change much and price growth will have to come from institutional adoption or speculation rather than tokenomics. Investors are left with difficult questions regarding the asset’s long-term prospects as XRP’s burn story fades into irrelevance.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Flora Growth Corp. Raises $401M To Launch 0G Token Treasury
Crypto Trends

Flora Growth Corp. Raises $401M to Launch 0G Token Treasury

by admin



Flora Growth Corp., an international pharmaceutical distributor, has announced a $401 million funding initiative, including a $22.88 million strategic investment from DeFi Development Corp., a leading Solana treasury company. This collaboration aims to launch an innovative AI-powered treasury strategy for Zero Gravity (0G) coin.

In its official news blog, Flora said that upon closing the transaction, the company expects to rebrand itself as ZeroStack and retain the “FLGC” ticker symbol. Flora has initiated this investment collaboration to incorporate innovative DeFi solutions into conventional business models and utilize AI technology to enhance treasury management. 

Flora has raised more than $366 million in digital assets and $35 million in cash and is now involved in a private placement transaction (“PIPE transaction”) to buy and sell its common shares at $25.19 per share. In this deal, each 0G token contributed in-kind loans, valued at $3.00. Additionally, certain cash investors and those who fund their purchases with 0G tokens will receive pre-funded warrants that can be exercised once the company receives shareholder approval.

“AI isn’t just transforming what companies do, it’s transforming how they must build infrastructure,” said Daniel Reis-Faria, incoming Flora Growth CEO. “This treasury strategy offers institutional investors equity-based exposure to the foundational infrastructure enabling transparent, verifiable, large-scale, cost-efficient, and privacy-first AI development.” 

The firm also said that 0G has been successful in training a 107 billion parameter model using distributed clusters over low-throughput internet connections. This shows a 357 times better performance than previous research from Google (DiLoCo) and proves that large AI models can be trained well without needing a central system. Additionally, distributed networks can now manage the complex computing tasks that were once believed to need centralized data centers. 

0G’s leap into decentralized AI infrastructures

0G is the first-ever Web3 AI company to vertically integrate its proprietary storage network, compute network, and training marketplace to fully decentralize AI workloads. This infrastructure is bundled into an all-in-one operating system, offering highly performant AI tools for seamless integration by Web2 and Web3 builders.

DeFi Development Corp. is at the forefront of the investment. It is the first Solana-based Digital Asset Treasury (DAT) company, which accumulates and compounds SOL tokens. Other firms participating in the investment are Dao5, Abstract Ventures, Dispersion Capital, Blockchain Builders Fund, and Salt. 

“We’re thrilled to partner with FLGC on this fundraiser and look forward to driving a deep collaboration between 0g and Solana,” said Joseph Onorati, CEO of Defi Development Corp, adding, “DFDV is excited to support AI adoption across Solana.” 

Following the closing of this PIPE transaction, which is expected to be around September 26, subject to customary closing conditions, Flora intends to use the proceeds of the deal to acquire additional 0G token, the native cryptocurrency of the 0G ecosystem.

Also Read: Trust Wallet Token Price Surges 30% to $1.26 Following CZ X Post



Source link

0 comments
0 FacebookTwitterPinterestEmail
Investors flock to this viral coin poised to surge from under $0.003 to massive gains
NFT Gaming

Capital B raises over $68.8 million

by admin



In the world of crypto and fintech, several innovative projects have secured significant funding recently, further fueling the sector’s growth.

From Bitcoin-focused strategies to wealth management solutions, we’ve compiled a roundup of notable fundraising rounds, including projects raising over $20 million.

Summary

  • Capital B raised $68.9 million to expand its Bitcoin treasury, leading this week’s funding
  • Finary secured $29.4 million Series B for its wealth management platform expansion
  • Kredete raised $22 million Series A to build financial software for African immigrants

According to Crypto Fundraising data, Capital B (ex The Blockchain Group) led this week’s funding period with a $68.85 million raise focused on AI and Bitcoin ecosystem development.

Here’s a comprehensive analysis of this week’s other efforts:

Capital B (ex The Blockchain Group)

  • France-based Capital B raised $68.85 million to boost Bitcoin (BTC) holdings
  • So far, the Euronext-listed Bitcoin Treasury Company has raised a total of $146.89 million.

Finary

  • Wealth management platform Finary secured $29.4 million in a Series B round
  • Its investors include Ventures, Y Combinator, and Speedinvest

Kredete

  • The project has raised $22 million in a Series A round
  • Kredete is a financial software platform focusing on African immigrants
  • The funding was backed by Canary, Partech

Stablecore

  • Stablecore gathered $20 million; backers include Norwest Venture Partners, Coinbase Ventures, and Curql
  • The project is operating in asset management, finance/banking, and stablecoin sectors

Projects > $20 Million

  • GRVT, $19 million in a series A round
  • Mavryk Network, $10 million in a strategic round
  • Openverse, $8 million in a series B round
  • Titan, $7 million in a seed round
  • BIO Protocol, $6.9 million in a seed round
  • Senpi, $4 million in a seed round
  • Superform Labs, $1.42 million in a public sale
  • Epoch Protocol, $1.2 million in a pre-seed round



Source link

0 comments
0 FacebookTwitterPinterestEmail
Close