Tag: Million

Kraken secures $800 million as valuation climbs to $20 billion ahead of IPO

admin

Key Takeaways Kraken raised $800 million, boosting its valuation to $20 billion ahead of a planned IPO. Major institutional investors participated in funding as Kraken expands globally and reported strong Q1 2025 revenue growth. Share this article Kraken brought in $800 million over two separate raises during the past two months, lifting the company to a $20 billion valuation as it continues its path toward an eventual public listing. The first raise attracted major institutional firms including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management, and Tribe Capital,…

BlackRock’s IBIT offloads $145 million in Bitcoin

admin

Key Takeaways BlackRock clients sold off $145 million in Bitcoin in a single day through the company’s ETF. This sizable redemption signals a shift in institutional investor sentiment towards Bitcoin. Share this article BlackRock clients offloaded over $145 million in Bitcoin on Monday, executing large redemptions through the asset manager’s Bitcoin ETF (IBIT). The sell-off reflects continued investor caution in a volatile market. Major fund redemptions can influence discussions about institutional appetite for crypto assets. BlackRock launched its Bitcoin ETF in 2024, becoming one of the largest providers of crypto…

Binance Pay grows 1,700x, accepted by over 20 million merchants this year

admin

Key Takeaways Binance Pay has grown by 1,700 times this year, highlighting explosive user and usage growth. The payment service is now accepted by over 20 million merchants globally. Share this article Binance Pay, the crypto exchange’s payment platform, has grown 1,700 times this year, expanding from 12,000 to over 20 million merchants globally. The surge reflects growing merchant adoption of stablecoin payments, which now account for 98% of Binance Pay’s B2C transactions in 2025. Since its 2021 launch, Binance Pay has processed over $250 billion in transactions, with strong…

Cardano wallet activates after 5 years, loses $6 million in disastrous ADA-to-USDA swap

admin

Key Takeaways A dormant Cardano wallet lost over $6 million in a low-liquidity ADA-to-USDA swap. The wallet had not been active for five years before the disastrous transaction. Share this article A Cardano wallet holder lost over $6.1 million today in a disastrous swap after five years of inactivity, according to on-chain data reported by ZachXBT. The holder exchanged 14.4 million ADA tokens, valued at $6.9 million, for 847,000 USDA. USDA is a Cardano native stablecoin launched by Anzens designed for fast, low-cost global payments and cross-border transactions in the…

Harvard boosts BlackRock Bitcoin ETF holdings to $442.8 million, expanding exposure by 257%

admin

Key Takeaways Harvard University increased its Bitcoin ETF holdings by 257% to $442.8 million. This significant investment reflects growing confidence in Bitcoin among institutional investors. Share this article Harvard Management Company, which manages Harvard University’s endowment, boosted its BlackRock Bitcoin ETF holdings to $442.8 million in Q3 2025, marking a 257% expansion in its crypto exposure, according to a new SEC filing. The prestigious institution’s Bitcoin ETF increase demonstrates growing institutional confidence in Bitcoin as a portfolio asset. The university’s substantial investment reflects broader adoption trends among major financial institutions,…

Canary XRP ETF attracts $245 million in net inflows on first trading day

admin

Key Takeaways Canary’s spot XRP ETF made a strong debut on November 13, drawing in nearly $245 million in net inflows. This ETF is the first US spot XRP ETF and is listed on the Nasdaq. Share this article Canary Capital clients purchased $245 million worth of XRP through the firm’s newly launched spot XRP ETF on its first day of trading. The fund is the first US spot XRP ETF, giving investors direct exposure to XRP through a traditional, regulated investment vehicle. Canary Capital’s spot XRP ETF debuted on…

Winklevoss twins’ family office leads $58.9 million funding for Zcash treasury Cypherpunk Technologies

admin

Key Takeaways Cypherpunk Technologies raised around $58.9 million, led by Winklevoss Capital, to initiate a digital asset treasury focused on Zcash. The company acquired over 203,775 ZEC and transitioned its main business strategy from therapeutics to building a Zcash-focused asset treasury. Share this article Cypherpunk Technologies, formerly known as Leap Therapeutics, a cancer research company expanding into digital assets, announced Wednesday that it had closed around $58.9 million private placement led by Winklevoss Capital to initiate a digital asset treasury strategy focused on Zcash (ZEC). Winklevoss Capital is a family…

Propanc Biopharma Secures up to $100 million for Crypto Treasury

admin

Australia-based Propanc Biopharma has announced that it has secured $100 million from a crypto-focused family office to launch a crypto treasury — a move its CEO described as “transformative” as its cancer therapy product enters human trials next year.  The private placement, structured through convertible preferred stock, provides Propanc with an initial $1 million investment and up to $99 million in follow-on funding over the next 12 months from Hexstone Capital, a family office that invests in several crypto treasury companies. The cancer-treating biotech company stated that the proceeds will…

Vivek Ramaswamy’s Strive buys 1,567 Bitcoin valued at $162 million

admin

Key Takeaways Strive, backed by Vivek Ramaswamy, purchased 1,567 Bitcoin for $162 million. The move is part of Strive’s strategy to expand its cryptocurrency holdings using proceeds from preferred stock sales. Share this article Strive, a Bitcoin treasury company backed by biotech entrepreneur Vivek Ramaswamy, purchased 1,567 Bitcoin valued at $162 million between October 28 and November 9, the company announced Monday. The acquisition aligns with Strive’s strategy to build cryptocurrency holdings using proceeds from preferred stock offerings. The company appointed a new Chief Investment Officer with expertise in Bitcoin…

BlackRock deposits 1,271 Bitcoin worth $135 million into Coinbase

admin

Key Takeaways BlackRock deposited 1,271 Bitcoin worth approximately $135 million into Coinbase. The transfer is part of BlackRock’s ongoing institutional cryptocurrency portfolio management. Share this article BlackRock, a major asset manager actively managing institutional cryptocurrency holdings through spot Bitcoin ETFs, deposited 1,271 Bitcoin worth nearly $135 million into Coinbase today. The transfer to Coinbase, a leading cryptocurrency exchange platform facilitating large-scale institutional deposits, comes amid broader market uncertainty. BlackRock has been executing repeated transfers of Bitcoin and Ethereum to Coinbase Prime as part of deliberate portfolio management strategies. These deposits…