Tag: Million

Hyperliquid’s S&P 500 perpetual tops $100 million in daily volume after licensed launch

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Hyperliquid’s newly launched S&P 500 perpetual contract topped $100 million in 24 hour trading volume within days of its debut, quickly becoming one of the blockchain’s 10 largest markets. The early surge points to strong demand for 24/7 onchain access to traditional assets. The market was launched through a licensing deal between Trade[XYZ] and S&P Dow Jones Indices, which described the product as the first and only officially licensed perpetual derivative based on the S&P 500 and powered by institutional grade index data. The launch adds to the rapid rise…

Tom Lee-backed Eightco doubles down on OpenAI as total stake hits $90 million

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Eightco Holdings (ORBS), a Nasdaq-listed company backed by Bitmine Chairman Tom Lee, is deepening its bet on OpenAI. The company said Friday it had made an additional $40 million commitment, taking its total stake to $90 million. Eightco (NASDAQ: ORBS) Invests Additional $40 Million into OpenAI, Bringing Total OpenAI Investment to $90 Millionhttps://t.co/0oJC0E71gx pic.twitter.com/5MKbhM6k7K — Eightco Holdings, Inc. (@Eightcoholdings) March 20, 2026 The stake now makes up about 30% of Eightco’s total treasury. The company also backs Beast Industries, the media enterprise led by YouTube creator MrBeast. Eightco CEO Kevin…

Bluesky discloses $100 million Series B as user growth tops 43 million

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Bluesky has disclosed a previously unannounced $100 million Series B round led by Bain Capital Crypto, a raise that was closed in April 2025 and is only being revealed now as the company enters a leadership transition. The round included Alumni Ventures, True Ventures, Anthos Capital, Bloomberg Beta, and the Knight Foundation. It follows Bluesky’s $15 million Series A in October 2024 and an $8 million seed round in 2023, bringing total disclosed funding to roughly $123 million. Bluesky did not disclose an updated valuation. The funding was announced about…

Bitcoin whale awakens after 14 years, sitting on $148 million windfall

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An early Bitcoin holder controlling 2,100 BTC worth $148 million has resurfaced after 14 years of inactivity and moved a small fraction of the stash, according to data tracked by Lookonchain. A whale wallet 1NB3ZX, holding 2,100 $BTC($148M), woke up after 13.7 years of inactivity and transferred out 0.00079 $BTC($56). This whale received 2,100 $BTC on July 5, 2012, when $BTC was just $6.59. Now sitting on ~$148M in profit — a 10,710x return.… pic.twitter.com/ba6vygF7Kg — Lookonchain (@lookonchain) March 20, 2026 The wallet, identified as 1NB3ZX, sent about $55 worth…

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…

Venus Protocol Hit by Code Exploit, Causing Over $3.7 Million In Losses

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Venus Protocol, a decentralized lending and borrowing platform, said on Sunday it had detected suspicious trading activity in the liquidity pool for the Thena (THE) token, the native cryptocurrency of the Thena decentralized finance platform. The unusual trading activity only affected pools for the Cake (CAKE) token, the native cryptocurrency of the PancakeSwap decentralized exchange, and the Thena token, according to an announcement from Venus Protocol. The Venus team said: “As we continue to investigate the unusual activity in the THE pool, we are taking precautionary action by pausing all…

Tim Draper-backed Ark Labs secures $5.2 million from Tether and investors to scale Bitcoin infrastructure

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Ark Labs, a Bitcoin infrastructure startup backed by Tim Draper, has secured $5.2 million in seed funding to build a programmable financial infrastructure on the world’s largest digital asset network. According to a Thursday statement, the round included Tether, Ego Death Capital, Epoch VC, Lion26, Sats Ventures, and Contribution Capital. Anchorage Digital and Ralph Ho, a former vice president of finance at PayPal, also participated in the seed investment. With the latest raise, the company’s total institutional funding now stands at $7.7 million, building on a pre-seed round led by…

JPMorgan Chase sued for allegedly enabling $328 million crypto Ponzi scheme

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A California investor has filed a class action lawsuit against JPMorgan Chase Bank, accusing the nation’s largest bank of helping facilitate a large-scale crypto Ponzi scheme run by Goliath Ventures. The complaint, filed this week in the US District Court for the Northern District of California, claims the scheme raised approximately $328 million from more than 2,000 investors, including plaintiff Robby Steele, who says he invested about $650,000, much of it from his retirement savings. According to the lawsuit, Goliath CEO Christopher Delgado used Chase accounts to collect investor deposits…

STRC May Help Strategy Get to 1 Million Bitcoin Faster, Beating BlackRock

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Michael Saylor’s Strategy (MSTR) may reach the 1 million Bitcoin (BTC) milestone faster than expected, potentially overtaking BlackRock in total holdings. Key takeaways: STRC share sales have generated cash to acquire over 3,500 BTC so far this week. Strategy’s implied buying power could rise to roughly 5,700 BTC per day at Tuesday’s record pace. Strategy’s BTC holdings over time. Source: BitBo.IO Rising STRC demand implies 1,940 BTC of daily buying power Strategy currently holds 738,731 BTC, including the 17,994 BTC purchase announced on Monday. Meanwhile, BlackRock’s iShares Bitcoin Trust (IBIT)…

Bitcoin passes 20 million mined coins as remaining supply falls below 1 million BTC

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Bitcoin has passed 20 million mined coins, leaving fewer than 1 million BTC remaining to be issued under the network’s fixed 21 million supply cap. The move pushes the amount of Bitcoin in circulation slightly higher after the network first crossed the 95% supply threshold in November 2025. The milestone was recorded at block height 939,999, according to blockchain data, with the block mined by the Foundry USA mining pool. With 20 million Bitcoin now mined, fewer than one million BTC remain to be issued, and those remaining coins will…