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Lombard raises $94.7m for Bard token, targets Bitcoin DeFi
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Lombard raises $94.7m for Bard token, targets Bitcoin DeFi

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Lombard has completed a 1,400% oversubscribed token sale, which it will use to build in the Bitcoin DeFi ecosystem.

Summary

  • Lombard raised $94.7M in its Bard token public sale past the $6.75M goal
  • The project builds DeFi functionality on top of the Bitcoin network
  • The New Liquid Bitcoin Foundation will use the funds for development and ecosystem growth

Bitcoin’s (BTC) DeFi ecosystem is increasingly attracting interest. On Wednesday, September 3, Lombard Finance concluded its Bard token public sale, raising $94.7 million. The fundraising surpassed the goal of $6.75 million by 1,400%, showing a growing interest in Bitcoin DeFi applications.

“The momentum behind the Community Sale was evident throughout, and the result clearly shows belief in Lombard’s ability to drive onchain Bitcoin demand to new highs now and into the future,” said Jacob Phillips, our Co-Founder of Lombard. “We’re pleased to usher in 21,340 new and aligned community members as we deliver against Phase 2 of our roadmap.”

BARD will serve as the governance token for Lombard’s Bitcoin DeFi protocol. Lombard has stated that it will use the additional funds to develop its products and grow its ecosystem. It also says that it hopes adding Bitcoin DeFi capabilities will help bring more users into its ecosystem.

How Lombard’s Bitcoin DeFi works

Lombard is the issuer of the LBTC token, a yield-bearing token backed by Bitcoin. The token generates 1% APY through Bitcoin staking via Babylon Labs. Moreover, the protocol uses a decentralized validator network to avoid the major pitfalls with cross-chain bridges and wrapped tokens.

In particular, traders lost more than $2.8 billion in various blockchain bridge hacks. Moreover, some of these hacks were likely insider rug pulls. For this reason, traders who swap their Bitcoin for any wrapped token should be aware of the potential counterparty risk that comes with it.



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Stablecoin Platform M0 Raises $40 Million in Series B Round

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In brief

  • M0 raised $40 million in Series B funding.
  • The firm separates stablecoin reserve management from programmability.
  • M0 is supporting the debut of MetaMask’s mUSD stablecoin.

Switzerland-based stablecoin platform M0 raised $40 million in Series B funding, as it seeks to shake up the relationship between token issuers and blockchain developers, according to a press release on Thursday.

The funding round, which included Polychain Capital, Ribbit Capital, and the Endeavor Catalyst fund, also saw participation from existing investors like Pantera and Bain Capital Crypto, M0 said. The firm has now raised $100 million since its establishment in 2023.

The development comes as several firms aim to capitalize on a stablecoin boom by positioning themselves as a conduit to the crypto space for companies in the traditional business world, following this year’s passage of stablecoin regulation in the U.S.

“Centralized issuance and simple white-labeling models are far from enough,” M0 co-founder and CEO Luca Prosperi said in a statement. “We want to empower the builders of great fintech products to actually control the digital dollar stack they utilize.”



The company says it has a “first-principles” approach to stablecoins by separating stablecoin reserve management from programmability. That means regulated entities manage the assets backing stablecoins on M0’s platform—like cash and U.S. Treasuries—while developers can use M0 to define who can create, hold, and move the assets.

Stablecoins that debut through M0’s platform are application-specific, and M0 said that its platform surpassed $300 million in aggregate supply in July, more than doubling from January.

M0’s platform will support the debut of MetaMask’s mUSD stablecoin, M0 said. The team behind the self-custodial wallet signaled a week ago that its dollar-pegged token would be debuting on Ethereum and the layer-2 scaling network Linea later this year. (Disclosure: MetaMask parent company Consensys is one of 22 investors in Decrypt, which retains editorial independence.)

M0 highlighted other builders on its platform, including the token protocol Noble, stablecoin protocol Usual, gaming operating system Playtron, and payments firm KAST.

Stablecoin platform Bridge, which was acquired by payments giant Stripe for $1.1 billion last year, was integrated into M0’s platform as its first U.S.-regulated issuer, M0 said on X earlier this month. 

Bridge is set to provide licensing and monitoring for mUSD, in addition to reserve management, but M0 noted that other firms can tap Bridge by issuing stablecoins through its platform.

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Fintech Rain Raises $58 Million to Fuel Stablecoin Push on Visa Network

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In brief

  • Stablecoin fintech Rain has raised $58 million.
  • The Visa-backed company, which issues cards, has raised a total of $88.5 million from big backers like Sapphire Ventures, Dragonfly, Galaxy Ventures, and Samsung Next.
  • Stablecoins are a hot topic since President Donald Trump signed the GENIUS Act.

Stablecoin-backed card company Rain, which partnered with Visa this year, has raised $58 million as part of a series B funding round, the company said in an announcement Thursday. 

The raise brings the company’s total funding to $88.5 million. Rain, which closed its A round five months ago, said the money would be used to grow the firm’s platform and “give global institutions the most flexible, modular, and compliant stablecoin infrastructure available.”

Venture capital firm Sapphire Ventures led the funding round, with Dragonfly, Galaxy Ventures, Endeavor Catalyst, Samsung Next, Lightspeed, and Norwest also contributing. 



“Stablecoins are shifting to the backbone of global commerce,” Rain CEO and co-founder Farooq Malik said. “In its earliest form, money moved instantly. We’ve spent centuries slowing it down.”

Rain this year partnered with Visa to push ahead with its stablecoin-linked cards. 

In the release, Rain said that is intent on making stablecoins “instantly usable anywhere Visa is accepted through its physical and virtual card programs, processing millions of transactions across 150+ countries.”

The company said that it had grown transaction volume by tenfold this year with such portfolio partners as Nuvei, Avalanche, Dakota, and Nomad using Rain infrastructure for merchant payouts, everyday consumer purchases, B2B spend, and cross-border payroll.

Visa has been making major inroads into the crypto space, particularly with stablecoins. In April, it partnered with Bridge, a unit of payment services provider Stripe, to offer stablecoin-linked debit cards in Latin American countries. In 2021, it announced that it supported USDC on Ethereum.

Stablecoins are digital tokens running on blockchains that are pegged to non-volatile assets, usually dollars. With a stable value, such cryptocurrencies were previously used by traders to enter and exit digital asset trades without the need for banks.

But now, banks, major companies, including Meta and Amazon, and even U.S. states are all interested in issuing the tokens, which are supposed to accelerate payments leveraging blockchain technology. 

U.S. President Donald Trump in July signed the GENIUS Act into law, establishing a framework for issuing and trading stablecoins in the U.S.

“Stablecoins have scaled to hundreds of billions in circulation, but until now, they couldn’t be easily spent,” said Sapphire Ventures President Jai Das, who will join Rain’s board. “Rain is working to fix that by connecting stablecoins to Visa’s global network, turning them into money you can actually use for everyday commerce.”

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Crypto VC funding: Rain raises $58m, OrangeX secures $20m
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Rain raises $58m, OrangeX secures $20m

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This past week saw nearly $235 million in crypto VC funding with several notable funding rounds, led by Rain, which raised $58 million in Series B funding for its stablecoin interoperability platform.

Other key investments include M^0, securing $40 million for its decentralized middleware protocol, and OrangeX, which raised $20 million for its global crypto trading platform.

Additionally, aPriori gathered $20 million in a strategic round for its work in DeFi, liquidity, and staking. Other projects such as Hemi Labs, The Clearing Company, and Magne AI also raised significant funds, highlighting continued investor confidence across the crypto space.

Series B funding rounds dominated the activity this week. Here’s a breakdown of this week’s crypto funding developments, according to Crypto Fundraising data.

Summary

  • Crypto VC raised $234.9m this week, led by Rain’s $58m Series B round
  • M^0 raised $40m Series B, while OrangeX secured $20m for expansion
  • Smaller projects raised $1.5m–$15m, showing strong sector diversity

Rain

  • Rain raised $58 million in a Series B round that included Sapphire Ventures, Dragonfly, and Galaxy Digital.
  • The project is a stablecoin interoperability platform that has raised $88.5 million to date.

M^0

  • M^0, a decentralized middleware protocol, secured $40 million in a Series B round.
  • Polychain Capital, Ribbit Capital, and Endeavor backed the startup, which has raised $97.5 million to date.

OrangeX

  • OrangeX, a global crypto trading platform, collected $20 million in a Series B round
  • Investors include Kryptos and SCI Ventures; OrangeX has raised $30 million to date.

aPriori

  • The project gathered $20 million in a strategic round. The startup operates in DeFi, liquidity, and staking sectors
  • HashKey Capital, Pantera, and Primitive Ventures are aPriori’s investors.

Projects < $20 million

  • Hemi Labs, $15 million in an unknown round
  • The Clearing Company, $15 million in a Seed round
  • Magne AI, $10 million in a Strategic round
  • Hyperbot, $6.75 million in an unknown round
  • Metafyed, $5.5 million in an unknown round
  • Multipli, $5 million in an unknown round
  • Splendor Labs, $4.5 million in a Seed round
  • Almanak, $2.5 million in a Public sale
  • Superfluid, $2 million in a Public sale
  • Suzaku, $1.5 million in an unknown round
  • Fly (ex Magpie Protocol), $340,000 in an unknown round





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Rolls of dollar bills of varying denominations. (NikolayFrolochkin/Pixabay)
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AMBTS Raises $23.2M to Build BTC Treasury

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Amsterdam Bitcoin Treasury Strategy (AMBTS), established by Dutch crypto-asset service provider Amdax, has raised €20 million ($23.2 million) in its initial financing round. The funding, secured through private placements, will seed the company’s bitcoin accumulation strategy. The round, capped at €30 million ($34.8 million), is expected to close in September 2025.

The proceeds will support AMBTS’s plan to establish one of the first independent bitcoin treasury companies in Europe, with a listing on Euronext Amsterdam. Over the long term, AMBTS aims to grow its holdings to at least 1% of all bitcoin in circulation.

Marc van der Chijs, founder of bitcoin miner Hut 8, is among the early backers.



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aPriori raises $20m to advance high-performance DeFi markets
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aPriori raises $20m to advance high-performance DeFi markets

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aPriori has raised $20 million, bringing total capital to $30 million. The project, founded by alums from Jump Crypto and Citadel Securities, is building a blockchain-native order flow layer that segments and routes trades intelligently, aiming to reduce inefficiencies and MEV leakage for both traders and LPs.

Summary

  • aPriori raised $20 million in a strategic funding round, bringing total capital to $30 million.
  • Investors include HashKey Capital, Pantera Capital, Primitive Ventures, and IMC Trading.
  • The funds will support the development of a blockchain-native order flow coordination layer.

According to a press release dated August 28, aPriori’s latest round was led by a consortium of heavyweights including HashKey Capital, Pantera Capital, and Primitive Ventures, with participation from IMC Trading, GEM, Gate Labs, Ambush Capital, Big Brain Collective, and others.

aPriori said the capital infusion will fuel the development of aPriori’s core infrastructure, which is being engineered specifically for high-performance Ethereum Virtual Machine environments, with the Monad blockchain as its primary launchpad.

Building the next layer of onchain market infrastructure

The latest $20 million round solidifies aPriori’s financial foundation, elevating its total funding to $30 million, with a majority of it earmarked for deploying the project’s core products, which form an interconnected system designed to fundamentally re-architect how value moves on-chain.

Per the statement, this includes the development of Swapr, an AI-driven DEX aggregator that does more than find the best price; it classifies the intent and potential impact of each trade in real-time. Concurrently, the team is building out its MEV-powered liquid staking protocol, engineered to capture extracted value and redistribute it back to stakers and validators, realigning incentives that are currently fractured.

aPriori noted that its active order flow coordination leverages artificial intelligence to perform instantaneous, real-time classification of incoming trades, segmenting them by quality and forecasting potential adverse selection before routing decisions are made.

This allows the protocol to protect liquidity providers from predatory arbitrage strategies while simultaneously offering tighter spreads to benign traders.

“We built aPriori on the insight that the same mechanisms which protected LPs and improved efficiency, combined with the active engines used at leading HFT firms to combat adverse selection, could be brought on-chain to transform how liquidity and order flow are managed,” aPriori founder Ray Song said.

Why aPriori chose Monad

According to the project, high-performance EVM environments are non-negotiable for this type of infrastructure. Monad’s design, which promises low latency and massively high throughput, removes the computational constraints that have often forced on-chain trading into a trade-off between decentralization, security, and performance.

For aPriori’s AI-driven routing and real-time segmentation to operate as intended, the underlying blockchain must be capable of processing transactions at a speed and scale that matches the demands of institutional-grade trading logic.



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TOKEN6900: The $2.6M+ Meme Coin Presale Built on Pure Vibe Ends in Two Days
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Most Degen Memecoin Presale Ends in 2 Days: Token6900 Raises Over $2M

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

We live in an era where meme coins are rewriting the rules of finance.

That’s right – simple, pointless bits of digital currency have the potential to dominate real-world stocks. There’s no real point to a meme coin – and that’s exactly the point!

You might be familiar with Dogecoin ($DOGE), the first meme coin to rise to fame. Launched in 2013, this coin is still delivering nice returns, averaging a 94% increase over the past 12 months. Even more obscure but equally ‘worthless’ coins like $SPX are up over 11,000%.

Even with virtually nothing in the way of utility, the best meme coins can rise out of nowhere to completely rule the market. That’s what Dogecoin, SPX, Pepe, and countless other coins did.

And that’s precisely what TOKEN6900 (T6900) plans to do. It’s the ultimate ‘vibe liquidity’ experiment – unapologetically absurd, gloriously irreverent, and unmistakably viral.

This is the most honest meme coin presale we’ve seen in 2025. A project that promises nothing, yet boasts over $2.6M raised and is ready to take DEXes by storm.

And now, only two days are left to get in on the ground floor of the project and ride the meme wave.

Grab $T6900 before its $0.007125 listing price. 

TOKEN6900 Dares You to Embrace the Brain-Rot Renaissance

Forget fundamentals. TOKEN6900 ($T6900) isn’t tied to oil reserves, GDP, or institutional hype; it’s built on irony, internet delirium, and the pure joy of ragebait chaos.

This self-described ‘divine intersection of meme and market’ offers no real utility. Instead there’s a manifesto to the true nature of the meme coin market.

You strip away the technicals and the jargon, and you realize that the meme sector thrives on attention and engagement. No false pretenses; $T6900 calls it what it is.

This token has only one purpose – out-meme the competition to reach the top.

With a total supply exactly one token more than meme legend SPX6900, the project doesn’t so much surpass meme coin culture as become it; in a stroke become the purest form of meme coin mania.

$T6900 Fuels Community-Driven Delusion

TOKEN6900 isn’t just a token; it’s a club. Its success hinges on social traction – without it, any meme coin fails. With $T6900, memes, trending threads, and cult-like camaraderie are all that matters.

With just days remaining in its presale, TOKEN6900 has already raised $2.6M and counting. The coin is now selling for $0.0071, just steps away from its target listing price of $0.007125.

The ticking clock adds FOMO fuel – presale access is the only way in before DEX listings, and every passing minute counts.

Unlike most presale projects, TOKEN6900 is done when the clock runs out – not when a set presale amount is reached.

True to its meme spirit, TOKEN6900 lets investors embrace the chaos while still earning rewards. Early stakers have already locked up over 139M $T6900 tokens, chasing staking yields up to 33% APY.

Curious about its tokenomics, roadmap, and pros and cons? Check our full guide on how to buy TOKEN6900.

Striking at the Meme Zeitgeist

TOKEN6900 ($T6900) arrives amid feverish market conditions.

Kanye West’s freshly launched $YZY meme coin grabbed headlines and spiked quickly in its first 24 hours before fading away. And in the past 24 hours, $BUBB and $ZEUS have seen gains well over 100%.

Meme coins are still arriving out of nowhere and rocketing to crazy numbers; against that backdrop, TOKEN6900 is a serious contender for meme‑coin stardom.

It’s not even remotely embarrassed to be one of the best shitcoins to buy, judging by its chaotic and irony-fueled website.

While others tack utility or scalability onto the narrative, TOKEN6900 goes all‑in on chaos, ridiculing the all-too-common hypocrisy disguised as honesty.

It sizes up other meme coins, the stock market, and even your dad – and says they all fail.

5 reasons the stock market sucks: 1. It’s too slow. 2. It has rules. 3. Your dad likes it. 4. There’s no frog mascot. 5. It’s not 6900.

You were promised a future with hoverboards and affordable rent. Instead, you got a 401(k) that’s 93% underwater and a meme token that might outperform the Dow. TOKEN6900 isn’t just more exciting – it’s more honest. At least it tells you up front that Santa isn’t real.

—TOKEN6900, TOKEN6900 FAQ

In a world enthralled by random meme coin surges and empty promises of future utility, TOKEN6900 cuts away the empty words to ride the wave of hype itself.

Join TOKEN6900’s presale before the DEX launch.

The Hype Builds, TOKEN6900 Goes Stratospheric

TOKEN6900 demands participation. Time‑limited presale, staking perks, and witty branding make joining feel like jumping aboard a meme rocket before liftoff.

Get in before the end: TOKEN6900’s presale wraps up in less than 55 hours. Visit the official site, stake for those sweet APY gains, and be a part of the purest meme coin vibe around.

This isn’t financial advice. Do your own research – meme coins are highly volatile and provide no guarantees.

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

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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.

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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Apple TV+ on an iPhone
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Apple TV Plus Raises Price on Monthly Plan

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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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Bullish Raises $1.15B Ipo Funds In Stablecoins
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Bullish Raises $1.15B IPO Funds in Stablecoins

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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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