Finance
Merit Systems, a startup with a mission to reshape the financial incentives within open-source software development, has secured $10 million in seed funding. The round, co-led by Andreessen Horowitz's crypto fund (a16z crypto) and Blockchain Capital, signifies a growing interest in creating sustainable economic models for the vital
Regulation
Tether Holdings Ltd., the issuer of the world's largest stablecoin, USDT, is considering expanding its presence in the United States while simultaneously establishing a global headquarters in El Salvador. This ambitious move follows a year of record profits for the company, fueled by surging cryptocurrency markets and strategic
Regulation
President-elect Donald Trump is set to make cryptocurrency a national priority through a groundbreaking executive order, signaling a new chapter for the digital asset industry in the United States. The order, expected to be unveiled soon, aims to elevate crypto as a strategic focus and establish direct collaboration between government
Security
Phantom Technologies Inc., the company behind the popular cryptocurrency wallet Phantom, has soared to a $3 billion valuation after a $150 million funding round led by venture capital giants Sequoia Capital and Paradigm. This more than doubles the company's previous valuation, highlighting the growing investor confidence in non-custodial
Cryptocurrency
Dubai is doubling down on its ambition to become a global crypto hub with plans for a new "Crypto Tower," a 17-story building designed to cater specifically to blockchain and Web3 companies. The project, led by DMCC and REIT Development, promises a luxurious and technologically advanced space complete
Regulation
President-elect Donald Trump’s nominee for Treasury Secretary, Scott Bessent, has firmly rejected the idea of a U.S. central bank digital currency (CBDC), aligning with growing skepticism among Republican lawmakers. During his Senate Finance Committee hearing on Thursday, Bessent emphasized his preference for alternative approaches to digital finance, signaling
Finance
PostFinance AG, a major Swiss bank wholly owned by the Swiss government, is deepening its involvement in the cryptocurrency space. The bank announced on Thursday that it will now offer Ethereum staking services to its customers, allowing them to earn passive income by participating in the network's validation
GameFi
Hyve Labs, a startup focused on building the next generation of web3 gaming experiences, has raised $2.75 million in pre-seed funding. The investment, led by Framework Ventures, will fuel the development of Hyve Labs' gaming rollup and its vision of a more integrated and accessible gaming ecosystem. Building
Cryptocurrency
Tapestry, a social graph protocol built on the Solana blockchain, has secured $5.75 million in Series A funding to further its mission of bringing easy-to-integrate social features to blockchain applications. The funding round, co-led by Union Square Ventures and Fabric Ventures, highlights the growing interest in decentralized social infrastructure
Regulation
Nasdaq has taken a significant step towards expanding cryptocurrency investment opportunities by filing a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) for the Canary Litecoin ETF. This filing marks an essential phase in the approval process for a spot Litecoin exchange-traded fund (ETF), potentially offering investors
Finance
Asset management firm VanEck is launching a new exchange-traded fund (ETF) that provides exposure to the cryptocurrency space without directly holding digital assets. The fund, detailed in a January 15 filing, will focus on investing in "Digital Transformation Companies" and "Digital Asset Instruments," offering a unique
Finance
Fidelity Investments has made a significant move in the cryptocurrency market, purchasing 4,661 Bitcoin, worth a whopping $463 million, on January 15, 2025. This substantial acquisition underscores the growing institutional interest in Bitcoin and contributed to a resurgence in Bitcoin ETF inflows, which totaled $755 million after a period