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Raises

Turkish Crypto Trading App Midas Raises $80M in Latest Push

by admin August 22, 2025

Midas, Turkey’s leading investment and crypto trading platform, has raised $80 million in its Series B funding round. This is the largest investment ever for a Turkish fintech company, with the firm’s total funding now exceeding $140 million.

According to the announcement, the funding round was led by QED Investors and included new backers like the International Finance Corporation (IFC), HSG, QuantumLight, Spice Expeditions LP, and George Rzepecki. Existing investors such as Spark Capital, Portage Ventures, Bek Ventures, and Nigel Morris also participated.

Midas, $80M Seri B yatırımıyla Türkiye’nin bugüne kadarki en büyük fintech yatırımını aldı.
Artık bilançosunda 100 milyon dolar nakit ile Türkiye’nin en güçlü yatırım şirketlerinden biri. https://t.co/GLB8rWdox8
— Egem Eraslan (@EgemEraslan) August 20, 2025

Founded in 2020, Midas gained popularity during COVID lockdowns and later when inflation in Turkey pushed people toward investing in stocks. The app now serves 3.5 million investors, offering access to U.S. stocks, mutual funds, and cryptocurrencies, as well as stocks listed on Borsa Istanbul.

This funding round brings Midas close to unicorn status. Can Gemici, the company’s head of strategy, said it will probably become a unicorn in the next funding round.

Midas’ Expansion Plans

Midas intends to use the fresh capital to extend its product offerings, which include derivatives, warrants, European stocks, and corporate accounts.

The platform is also expanding its offerings for more experienced investors, including margin investing, advanced analytics, and derivatives trading. Starting in September, U.S. options trading will be available with free real-time data and competitive pricing.

At the same time, Midas is strengthening its security and infrastructure to ensure a safe and reliable investing experience.

Also Read: Ethereum Dev Freed After 24-Hour Detention in Turkey

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August 22, 2025 0 comments

Gaming Gear

Apple TV Plus Raises Price on Monthly Plan

by admin August 22, 2025

Watching Ted Lasso is about to be more expensive as Apple TV Plus is increasing its monthly price again for US and international customers. The company announced Thursday that the streaming service will now cost $13 a month in the US, effective today. The last time Apple raised its streaming subscription price was in 2023, bumping it up to $10 per month.

If you’re an existing subscriber, you can expect to see the price change 30 days after your next renewal date. Apple said the cost of its annual Apple TV Plus plan will stay the same, as will the price for Apple One.

Early this year, the streaming app rolled out on Android mobile devices, extending it beyond Apple’s interconnected ecosystem. Apple TV Plus offers its own library of originals like Severance, Slow Horses and Wolfs, and access to live sports such as Major League Soccer and Friday Night Baseball.

Competitors like Netflix and Peacock also increased their subscription prices this year, a trend we’ve seen in streaming TV in the past three years. With this $3 price hike, the ad-free Apple TV Plus costs the same as Paramount Plus’ premium plan, but slightly less than rival, ad-free versions of Netflix, HBO Max, Hulu and Peacock.

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August 22, 2025 0 comments

GameFi Guides

Bullish Raises $1.15B IPO Funds in Stablecoins

by admin August 19, 2025

Bullish (NYSE: BLSH), a global digital asset platform backed by billionaire investor Peter Thiel, said it has arranged to receive $1.15 billion in proceeds from its recent initial public offering in stablecoins.

The company made its market debut on August 14, 2025, in one of the most closely watched offerings of the year.

Bullish has arranged to receive $1.15 billion of proceeds from its recently completed initial public offering in stablecoins, which represents a historic step for the use of stablecoins in an initial public offering in the United States.https://t.co/hh9i22RS9I

— Bullish (@Bullish) August 19, 2025

The IPO raised more than $1 billion, with demand over 20 times greater than the number of shares available. On the first day, Bullish’s stock price jumped by 84%, showing strong excitement from investors. However, by today’s pre-market, the share price has slipped by 2.16% to $62.00, signaling some early price swings.

The company said most of the stablecoins it received were created, or “minted,” on the Solana network. Jefferies, which acted as the billing and delivery agent for the IPO, managed the minting process, including the converting and also helped deliver the stabelcoins.

The agent also worked with issues and platforms across the U.S., Europe, and Asia to complete the settlement. Bullish said the majority of proceeds were settled in USDC, along with a portion in EURC, with both sets of tokens custodied exclusively by Coinbase.

Other stablecoins that Bullish received included USD CoinVertible and EUR CoinVertible issued by Societe Generale-FORGE, Global Dollar from Paxos, PayPal USD also from Paxos, USD1 from World Liberty Financial, Agora Dollar from Agora, and EURAU from AllUnity.

Ripple’s RLUSD joins Bullish IPO settlement mix

As part of the settlement, Bullish also received Ripple USD (RLUSD), a stablecoin issued on the XRP Ledger by Ripple. In a short tweet, it congratulated the company for the “successful IPO”

“This is the first public listing to bring the settlement process onchain and sets a precedent for how stablecoins can shape future listings.” Ripple posted.

Congrats to @Bullish on a successful IPO! 👏

A portion of the IPO proceeds were settled in $RLUSD, minted on the XRP Ledger. This is the first public listing to bring the settlement process onchain and sets a precedent for how stablecoins can shape future listings. https://t.co/AD4AkpPnLD

— Ripple (@Ripple) August 19, 2025

In a statement, David Bonanno, Chief Financial Officer of Bullish, said “We view stablecoins as one of the most transformative and widespread use cases for digital assets. Internally, we leverage them for rapid and secure global fund transfers, especially on the Solana network.”

He also added that the collaboration with stablecoin issuers and their listings on Bullish Exchange showed how the firm’s infrastructure supported their businesses.

Also Read: Bullish Stock Surges 200% on Launch, Driving Investor Interest

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August 19, 2025 0 comments

Crypto Trends

NAKA Raises $200M, Sinks 11%

by admin August 18, 2025

KindlyMD (NAKA), the Nasdaq-listed firm that’s recently merged with bitcoin

treasury firm Nakamoto closed a $200 million convertible note offering late Friday.

The convertible notes bear no interest in the first two year, then they carry a 6% annual rate starting in year three until maturity in 2028. The firm intends to use the funds to buy additional bitcoin.

The financing, arranged with Yorkville Advisors’ YA II PN fund, was structured with some unusual terms, CoinDesk senior analyst James Van Straten noted.

Yorkville can convert the debt into equity at an initial price of $2.80 per share, raising concerns of dilution if the lender opts to convert into stock. Nakamoto/KindlyMD also needs to put up twice the size of the principal in BTC as collateral, offering the lender a robust downside protection.

NAKA shares were lower by 11.2% on Monday alongside news of the convertible capital raise and a weekend decline in the price of bitcoin. Other bitcoin treasury strategies were in the red as well, but the declines were more muted. Strategy (MSTR) and Semler Scientific (SMLR), for instance, were each down a bit more than 1%.

Read more: Michael Saylor’s Strategy Added $51M of Bitcoin Last Week

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August 18, 2025 0 comments

Esports

Studio Atelico raises $5 million to build AI-first games studio

by admin August 18, 2025

Studio Atelico has raised $5 million in a seed investment round, which will be used to support the team’s mission “to redefine the role of generative AI in games.”

The funding round was led by Nathan Benaich of Air Street Capital, which announced the investment via its publication, Air Street Press, on August 14, 2025. Other investors include Stanford computer scientist Chris Ré, Hugging Face co-founder and CSO Thomas Wolf, and Snorkel AI co-founder and CEO Alex Ratner.

Founded in 2024 by AI and gaming industry veterans from Uber, Meta, and Creative Assembly, Studio Atelico is building an on-device AI engine for video games, which the company describes in its own press release as “a toolkit that helps us and other studios bring AI-powered experiences to life without massive budgets or custom infrastructure.”

In addition to building this engine, Studio Atelico is using the funding to “build games that push past the boundaries of hand-authored pipelines.”

“We don’t mean ‘generate a few trees procedurally,’” the company explained in its release. “We mean reactive worlds, characters that riff off your choices like improv actors, stories that don’t just branch but bloom. This is the kind of gameplay we’ve always wanted as players, and now we finally have the tech (and the team) to make it real.”

Studio Atelico’s first game is already in development, with more to be shared “soon.” While the company itself hasn’t said much about what this game will be, Air Street Press said the studio’s first releases “will target high-growth mobile and cross-platform markets.”

In its release, the company also addressed ethical concerns around generative AI.

“Ethics aren’t an afterthought; they’re part of our foundation,” Studio Atelico said. “We’re working directly with artists to ensure fairness, consent, compensation, and collaboration are part of every step, from model training to revenue sharing.

“We’re choosing on-device AI when we can, partnering with creators who share our values, and contributing to open datasets that prioritize ethics over speed.”

“We believe creativity should be amplified, not replaced,” the company added.

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August 18, 2025 0 comments

NFT Gaming

Metaplanet (3350) Raises $515M, Blockchain Group (ALTBG) Adds $4.8M in Concurrent BTC Treasury Equity Moves

by admin June 25, 2025

Metaplanet Inc (3350) and the Blockchain Group (ALTBG) both executed substantial equity capital raises as part of their initiatives to focus on bitcoin accumulation for treasury purposes.

Metaplanet announced the exercise of its 20th series of stock acquisition rights under the recently announced 555 Million Plan, raising 74.9 billion yen, ($515 million) in a single day. It issued 54 million new shares on Wednesday following the exercise of 540,000 stock acquisition rights, representing 29% of the total rights issued.

The issue is the first major capital injection under the plan and represents 10% of the full target. Metaplanet stock slumped as much as 15% before rallying strongly to close up 4%. CEO Simon Gerovich emphasized the strategic milestone with a post on X, highlighting the strong start to the program.

The Blockchain Group (ALTBG), for its part, announced a 4.1 million-euro ($4.8 million) capital increase through an at-the-market-type equity issuance agreement with TOBAM.

Shares in the Euronext Growth Paris-listed company were issued at an average price of 5.085 euros each. The capital raise aligns with the company’s strategy to increase the number of bitcoin per share on a fully diluted basis. The Blockchain Group currently holds 1,653 BTC and is the first of its kind in Europe pursuing such a model.

Blockchain Group shares were recently 3.7% lower at 4.785 euros.

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June 25, 2025 0 comments

GameFi Guides

Trump Adviser’s Firm Raises $51.5M in 72 Hours to Buy Bitcoin

by admin June 21, 2025

Nakamoto Holdings, started by David Bailey, a crypto expert advising U.S. President Donald Trump, has raised $51.5 million in just 72 hours by selling shares at $5 each. This money, announced by their partner KindlyMD, shows that investors believe in Nakamoto’s plan to buy and hold a lot of Bitcoin.

Together with KindlyMD, Nakamoto Holdings has now raised $563 million, or $763 million including convertible notes, as they get ready to merge in fall 2025.

Bailey said, “People want to invest in us, and he further added that we are working to raise more money to buy more Bitcoin.” Nakamoto, launched in 2025, wants to follow companies like MicroStrategy by keeping Bitcoin as a major asset. Most of the new money will go toward buying Bitcoin, with some used for running the company.

KindlyMD, a healthcare company listed on Nasdaq, agreed to merge with Nakamoto in May. After the merger, the new company plans to create businesses focused on Bitcoin, like in finance or media. It stated that it will use stocks and loans to buy more Bitcoin.

A website called BitcoinTreasuries stated that 27 companies have added Bitcoin to their accounts last month, showing that more businesses are interested in owning Bitcoin. There are risks for companies like Nakamoto Holdings. Fakhul Miah from GoMining Institutional said smaller companies might not have strong enough protections for their Bitcoin investments.

Standard Chartered, a bank, warned that if Bitcoin’s price falls below $90,000, some companies could lose money or have to sell their Bitcoin, which might make the crypto market look bad. Even with these risks, both firms are moving forward with their merger, and they have further plans to keep buying Bitcoin.

This bold strategy positions these businesses as important players in the expanding cryptocurrency market, but they must exercise caution due to the significant volatility of Bitcoin’s price.

Also Read: Parataxis to Launch South Korea’s First Bitcoin Treasury Firm

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June 21, 2025 0 comments

Crypto Trends

Nakamoto Holdings Raises $51.5M to Expand BTC Treasury

by admin June 21, 2025

Bitcoin holding company Nakamoto Holdings, founded by US President Donald Trump’s crypto adviser, David Bailey, has secured $51.5 million in fresh capital through a private placement in public equity (PIPE) deal, according to a statement from merger partner KindlyMD.

Bailey said that the new funds were raised in less than 72 hours, reflecting growing investor appetite for Nakamoto’s Bitcoin (BTC) accumulation strategy.

“Investor demand for Nakamoto is incredibly strong,” Bailey said. “We continue to execute our strategy to raise as much capital as possible to acquire as much Bitcoin as possible.”

The financing, priced at $5.00 per share, brings KindlyMD’s total funding to approximately $563 million, and $763 million including convertible notes.

Related: Europe’s first Bitcoin treasury firm buys another $20M BTC, now holds over $170M

Nakamoto launches to build a Bitcoin treasury

Nakamoto’s approach mirrors the playbook used by other corporate entities aiming to leverage BTC as a reserve asset. The company was launched earlier this year with the explicit goal of building a sizable Bitcoin treasury, even as broader market sentiment remains mixed.

Proceeds from the latest round will be used primarily for Bitcoin purchases, along with working capital and general corporate needs. The PIPE financing is set to close alongside the anticipated merger with KindlyMD, which trades under the ticker NAKA on the Nasdaq.

Last month, shareholders of healthcare services firm KindlyMD approved a merger with Nakamoto Holdings. Both companies plan to file information statements with the SEC, with the merger expected to finalize in Q3 2025.

The companies first announced the merger on May 12, saying the merged entity would use equity, debt, and other offerings to develop a slew of Bitcoin-native companies. Additionally, the company will bolster its treasury by accumulating Bitcoin.

Related: Norwegian crypto firm K33 raising more funds to buy up to 1,000 BTC

Firms add Bitcoin to balance sheets

At least 27 organizations have added Bitcoin to their treasuries over the past month, according to data from BitcoinTreasuries.NET, signaling continued interest in BTC among public companies.

Entities holding Bitcoin. Source: BitcoinTreasuries.NET

However, some analysts remain skeptical. Fakhul Miah of GoMining Institutional noted that smaller firms may be adopting Bitcoin out of necessity rather than strategy, potentially lacking the proper safeguards.

Standard Chartered has also raised concerns, warning that if BTC drops below $90,000, half of these companies could face liquidation risks, posing reputational challenges for the broader crypto market.

Magazine: New York’s PubKey Bitcoin bar will orange-pill Washington DC next

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June 21, 2025 0 comments

Crypto Trends

Bitcoin ‘Rainbow Chart’ Signals Buying Opportunity, But Weak Demand Raises Concerns

by admin June 21, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

According to a recent post on X by crypto analyst Crypto Rover, the Bitcoin (BTC) Rainbow Chart is flashing a buy signal, suggesting that the leading cryptocurrency may be on the cusp of a significant upward move. However, weak market demand could pose a risk to this bullish momentum.

Bitcoin Rainbow Chart Flashes Buy Signal

After hitting a new all-time high (ATH) on May 22, BTC has spent nearly a month consolidating between the $100,000 and $110,000 range, without showing a clear directional bias. Now, one of the most well-known indicators – the Bitcoin Rainbow Chart – is pointing toward potential upside for the top digital asset.

Crypto Rover shared the following chart, showing BTC currently trading in the light green, or “buy”, zone of the Rainbow pattern. Historically, Bitcoin has often entered this zone shortly after each four-year halving, signalling potential growth ahead.

Source: Crypto Rover on X

For the uninitiated, the Bitcoin Rainbow Chart is a long-term valuation tool that uses a logarithmic growth curve with color bands to show where Bitcoin’s price stands relative to historical trends. Each color band suggests a different market sentiment, helping investors identify potential overvaluation or undervaluation zones.

While the Rainbow Chart’s buy signal is promising, the broader demand for BTC appears lackluster. In a recent CryptoQuant Quicktake post, contributor Darkfost pointed out that sluggish demand is limiting Bitcoin’s ability to break out.

Darkfost shared the following chart, which compares new BTC supply to coins held inactive for over a year – used to gauge apparent demand. When the ratio moves above zero, it typically indicates strong market demand.

Source: CryptoQuant

Since the last local top in May, this apparent demand metric has been gradually declining, though it remains sufficient to absorb current selling pressure. In essence, while BTC is managing to stay above the $100,000 level, demand is fading – a potential headwind.

However, some encouraging signs remain. In a separate X post, crypto trader Merlijn The Trader noted that the buy/sell pressure delta is showing an oversold signal, implying that short-term sellers could be nearing exhaustion.

Source: Merlijn The Trader on X

BTC Wyckoff Accumulation Nearing End?

Crypto market commentator Ted Pillows added that BTC may be in the final stage of the Wyckoff Accumulation pattern. According to Ted, a decisive breakout above $110,000 could send Bitcoin surging to $130,000 “in no time.”

Source: Ted on X

Overall, Bitcoin continues to demonstrate a healthy technical structure, maintaining support at the $104,000 level. The market also saw notable deleveraging following yesterday’s US Federal Reserve meeting.

That said, Bitcoin exchange activity is starting to show signs of fatigue, while retail investors continue to stay on the sidelines. At press time, BTC trades at $104,128, up 0.2% in the past 24 hours.

BTC trades at $104,128 on the daily chart | Source: BTCUSDT on TradingView.com

Featured Image from Unsplash.com, charts from CryptoQuant, X, and TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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June 21, 2025 0 comments

NFT Gaming

‘Users Need Safety’: Former SpaceX Manager Raises $4.2M for Crypto Platform Stackup

by admin June 20, 2025

In brief

A former mission manager at SpaceX has raised $4.2 million for crypto startup Stackup.
The platform seeks to give businesses “centralized control of decentralized assets” using account abstraction.
The company’s seed funding round saw participation from Y Combinator and Digital Currency Group.

Stackup, an enterprise-grade platform for managing on-chain business operations, said on Friday that it secured $4.2 million in seed funding.

The Los Angeles-based firm, which previously built account abstraction tech for Coinbase and Trust Wallet, said it will use the funds to further develop its platform, which gives businesses “centralized control of decentralized assets,” according to the company’s website.

Stackup’s seed funding round was led by venture capital firm 1kx, with participation from Y Combinator and Digital Currency Group, among three other firms.

Stackup was co-founded by CTO Hazim Jumali, an Ethereum Foundation grantee, and CEO John Rising, a former senior mission manager at Elon Musk’s SpaceX. In the overlap between crypto and aerospace engineering, Rising told Decrypt that precision is key.

Four months after he graduated from college, while working at Virgin Galactic, Rising was standing next to a pilot’s family when a mishap “caused the vehicle to break up in the sky.” Despite extensive designing and testing, the pilot lost his life.

“We had spent so much time making sure the machine works perfectly that we disregarded the most important part of the system as a whole: that a human is operating it,” Rising said. “Builders in crypto tend to really think about security, which is about preventing unauthorized access, when really users need safety.”

Account abstraction, which debuted on Ethereum’s mainnet in 2023, allows users to create non-custodial wallets as programmable smart contracts. Through features including easy wallet recovery and signless transactions, Ethereum co-founder Vitalik Buterin once said that the goal is to try and make crypto wallets as simple as using email.

Because account abstraction allows for wallets with custom logic, Rising said Stackup supports features that businesses need, such as spending limits for accounts, the ability to specify who can receive funds, or reviewing transactions in bulk before sending them with one click.

Among other features, like the ability to connect a bank account to a wallet for seamless transfers, the goal is for Stackup to prevent catastrophic on-chain failures, Rising said.

For the average SpaceX launch, $60 million worth of cargo may be on the line, Rising said. Earlier this year, a security incident at crypto exchange Bybit resulted in a $1.4 billion hack.

“Imagine if SpaceX had 20 launch failures?” he asked. “It’s the same amount of loss in dollar terms.”

Although 3,000 individuals are involved in a SpaceX launch, Rising said that the team at Stackup is much more limited. Currently, the company is piloted by a group of four.

Edited by James Rubin

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June 20, 2025 0 comments