Category: Reviews

Ironlight raises $21M to expand regulated infrastructure for tokenized securities

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Ironlight Group has raised $21 million in a Series A round to expand infrastructure for tokenized securities, joining a rapidly growing sector that aims to bring traditional financial assets onto blockchain networks. The financing was backed by senior Wall Street executives including former TD Bank President and CEO Greg Braca, alongside institutional investors such as Sei Development Foundation and Laidlaw Private Equity. The funds will support the expansion of Ironlight Markets, a regulated alternative trading system designed to integrate issuance, distribution, and trading of tokenized assets. The platform operates under…

MEXC launches prediction market platform amid surge in event-based trading

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Crypto exchange MEXC announced the launch of its new Prediction Market platform, allowing users to trade contracts tied to real-world outcomes such as geopolitical developments, macroeconomic events, and crypto industry milestones. The product turns global news events into tradable probability markets where traders can speculate on outcomes and adjust risk exposure in real time. MEXC said the platform will offer zero trading fees and millisecond-level execution speeds. Prediction markets have gained rapid traction over the past year. According to data cited by MEXC, leading platforms Polymarket and Kalshi processed more…

Jane Street resumes Bitcoin trading amid scrutiny over alleged insider activity

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Jane Street, the quantitative trading powerhouse and authorized participant in spot Bitcoin ETFs, has resumed active crypto trading. According to data tracked by Lookonchain, wallets linked to the firm saw an inflow of 205 Bitcoin, worth about $15 million, from institutional exchanges BitMEX and LMAX Digital on Monday. Jane Street, recently accused of insider trading during the LUNA/Terra crash and dumping $BTC at 10 AM, is actively trading again. In the past 2 hours, wallets linked to #JaneStreet received 205.36 $BTC($15.08M) from BitMEX and LMAX Digital.https://t.co/6Jt6RTJRed pic.twitter.com/JJ4PKyCVA4 — Lookonchain (@lookonchain)…

OpenAI in advanced talks with major private equity firms for $10B joint venture: Report

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OpenAI is planning to establish a joint venture with leading private equity firms to accelerate the distribution of its enterprise AI products. According to Reuters, the company is engaging with TPG, Advent International, Bain Capital, and Brookfield to launch the venture, which is expected to be worth about $10 billion, with $4 billion in backing, equity stakes for the PE firms, and board seats, led by TPG. The arrangement would deploy OpenAI’s enterprise solutions across the extensive portfolio networks of the participating firms. Anthropic is following a similar path with…

Crypto wealth manager Abra to list on Nasdaq in blockbuster $750 million merger

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Abra, a digital asset wealth management platform, will transition into a publicly traded company through a merger with New Providence Acquisition Corp. III. The combined entity, Abra Financial, is expected to trade on Nasdaq under the ticker ABRX. The transaction sets Abra’s pre-money valuation at $750 million and allows existing stockholders, including Adams Street, Blockchain Capital, Pantera Capital, RRE Ventures, and SBI, to roll all their shares into the combined company, according to a Monday announcement. https://twitter.com/AbraGlobal/article/2033500209997844503/media/2033414651908857856 The deal makes it the first publicly traded firm to offer both SEC-registered…

Alto Neuroscience stock rises as firm secures $120M to advance depression drug

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Alto Neuroscience, a clinical-stage biopharmaceutical company focused on neuropsychiatric disorders, has secured $120 million from institutional and accredited investors to advance ALTO-207, a fixed-dose combination targeting treatment-resistant depression. ALTO-207 is a novel therapy for treatment-resistant depression that pairs pramipexole, a dopamine receptor agonist, with ondansetron. The combination is designed to enhance antidepressant effects in patients who have not responded to standard treatments. According to a Monday statement, the financing, led by Commodore Capital, will enable Phase 2b and Phase 3 clinical trials and potentially support a New Drug Application submission…

ShapeShift founder Erik Voorhees doubles down on Ethereum with $49M investment: Onchain data

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ShapeShift founder and Bitcoin pioneer Erik Voorhees is continuing his Ethereum buying spree after restarting purchases following a year-long break. According to on-chain data tracked by Lookonchain, Voorhees on Sunday spent around $49 million acquiring 23,393 ETH. He still holds over 35 million USDT and is expected to buy more ETH. Erik Voorhees(@ErikVoorhees), an early #Bitcoin supporter and founder of ShapeShift, is buying ETH like crazy after a one-year break! He spent 49.08M $USDT to buy 23,393 $ETH at $2,098 through 2 wallets. He still holds 35.25M $USDT and may…

Metaplanet secures $255M, targets $531M total raise to buy more Bitcoin

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Metaplanet, the Tokyo-listed investment firm pursuing a Bitcoin-focused treasury strategy, has raised approximately $255 million from global institutional investors as it advances its long-term Bitcoin accumulation goal. According to CEO Simon Gerovich, the company may receive up to $276 million more if certain warrants are exercised, giving total potential funding of around $531 million to support its plan to accumulate 210,000 BTC. Metaplanet has raised ~$255m from global institutional investors via a placement of new shares priced at a 2% premium, paired with fixed-strike warrants at a 10% premium that…

BlockFills files for Chapter 11 bankruptcy after suspending withdrawals and deposits

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Crypto trading platform BlockFills announced today that it has entered Chapter 11 after the company suspended trading and withdrawals amid market volatility. The decision follows extensive discussions with investors, clients, creditors, and other stakeholders and is intended to preserve the value of the business while maximizing recoveries, according to the firm. Following our previous communication regarding the temporary suspension of client deposits and withdrawals, BlockFills wishes to provide an important update. After extensive discussions with investors, clients, creditors, and other stakeholders, BlockFills has determined that a… — BlockFills (@blockfills) March…

SEC drops fraud case against BitClout founder Nader ‘Diamondhands’ Al-Naji

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The US Securities and Exchange Commission has agreed to dismiss its civil fraud lawsuit against Nader Al-Naji, the founder of the BitClout blockchain project, now DeSo, according to a joint stipulation filed this week in the Southern District of New York. The SEC originally filed the lawsuit in July 2024, accusing Al-Naji of conducting an unregistered securities offering through the sale of BTCLT, the native token of BitClout. Al-Naji allegedly marketed BitClout as a decentralized project with no central operator, even launching the platform under the pseudonym “Diamondhands.” The SEC…