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The Funding: How crypto hedge funds are navigating weak markets
As crypto markets remain weak, fund managers say asset selection, fundamentals, and alpha matter more than ever.
Base launches Azul on mainnet, pushing Coinbase’s Ethereum L2 toward full decentralization
Base has deployed its Azul upgrade on mainnet, with multiproofs and a new client stack advancing decentralization.
Hyperliquid-based prop trading platform Hypernova raises $3 million in pre-seed funding
Hyperliquid-based prop trading platform Hypernova says it offers "instant payouts" and plans to publicly launch withi…
Samsung units to acquire $408 million stake in Upbit operator Dunamu
Major institutions in South Korea are seeking to expand into digital assets in preparation for the upcoming regulator…
Bit Digital extends $100 million loan facility to WhiteFiber, backed by Ethereum credit line
Bit Digital said advances may be funded through an Ethereum-denominated secured credit facility, letting it retain ET…
Falcon Finance taps Anchorage to issue new GENIUS-compliant payments stablecoin fUSD
Falcon said fUSD is meant to act as a “regulated counterpart” to its existing overcollateralized synthetic stable…
Aztec Labs acquires ZKPassport, pledges to keep privacy protocol and iOS mobile app open-source
The Obsidion team, including co-founders Michael Elliot and Theo Madzou, will join Aztec Labs to continue developing …
Coinbase-incubated Base blockchain rolls out MCP gateway to AI interfaces like Claude, ChatGPT
With the integration, users will now be able to use natural language prompts to swap tokens, transfer funds, and inte…
Solana privacy layer Umbra launches confidential vesting with Streamflow targeting $97B token unlock market
Umbra and Streamflow launch private token vesting on Solana, letting projects distribute tokens confidentially at scale.
TeraWulf stock jumps over 12% on news of Kentucky data center site acquisition
TeraWulf's $21 million in revenue from its HPC business overtook its bitcoin mining segment for the first time in Q1 …
Robinhood clears final regulatory approval for $180M WonderFi deal ahead of expected June 1 close
Canada's CIRO approved Robinhood's acquisition of WonderFi, clearing the final regulatory hurdle ahead of an expected…
Bitcoin Iran-deal rally faces its real test in oil flows and Fed pricing
The Bitcoin Iran deal rally on renewed U.S.-Iran deal optimism is a credible first-order macro signal. The move still…
Ripple, North Island Ventures back $6 million round for cross-chain platform Squid
Squid is preparing to launch a new consumer product aimed at making it easier to access and manage crypto assets, Fig…
Ethereum Layer 2 Zero Network to wind down, joining string of protocols shuttering operations
Resources will be redirected to focus on growing Zerion's API and wallet service, the team said in a Thursday statement.
CLEAR token tanks 48% as Everclear winds down protocol, foundation and labs unit
Everclear achieved $500 million in monthly volume, but "never developed the commercial depth," the team said on Thurs…
MoonPay announces fourth acquisition of the year with Decent, as it launches MoonPay Trade
This Decent deal comes on a wave of acquisitions by MoonPay, including DFlow and Sodot, which all support MoonPay Trade.
Cosmos co-founder’s new multilateral clearing startup Cycles raises $6.4 million
The round, led by Blockchange Ventures, with support from Coinbase Ventures, among others, brings Cycle's total fundi…
Foundation raises $6.4 million to expand from bitcoin hardware wallets into AI agent authorization
The firm also announced the general availability of its flagship Passport Prime device and expanded access to its Key…
Syndicate Labs to wind down operations after five years, citing rollup market slump
Syndicate Labs said that the $330,000 exploit last month is unrelated to the decision to wind down operations.
IG Europe taps Bitpanda to expand crypto offerings in EU citing client demand
"Our clients want crypto exposure from a platform they trust. This partnership delivers it," IG Europe Managing Direc…
Elon Musk’s SpaceX holds $1.45 billion worth of bitcoin as firm looks to go public
A stockpile of over 18,000 would make Elon Musk's SpaceX the seventh-largest Bitcoin holder, ahead of Coinbase.
Arbitrum-based derivatives venue Variational raises $50 million Series A led by Dragonfly
Variational is positioning itself as a retail-friendly brokerage via its in-development Omni app, which will offer "z…
MoneyGram named ‘anchor remittance validator’ for Stripe-backed Tempo blockchain
MoneyGram will help validate remittance transactions on the Layer 1 blockchain and integrate stablecoin settlement fo…
Catena Labs lands $30 million Series A, files for national trust bank charter to underpin agentic finance
Sean Neville's Catena Labs closed a $30 million Series A to build governed infrastructure for AI agent financial tran…
Tether acquires SoftBank’s stake in Twenty One Capital as share price jumps 5%
Tether has acquired SoftBank's stake in Twenty One Capital, with SoftBank's representatives stepping down from its bo…
Zama acquires TokenOps to deploy encrypted token distributions for institutional issuers
Zama acquired TokenOps, a token distribution platform, to bring FHE-encrypted vesting and airdrops to institutional i…
Tether, Gnosis co-lead $4.4 million seed round for lightweight mobile-friendly Sorted Wallet
With the additional funding, Sorted intends to expand geographically, particularly targeting Sub-Saharan Africa and S…
Deloitte absorbs Blocknative team as crypto infra firm winds down APIs and Gas Network
The Blocknative website now returns a post noting that the firm is “now in the process of ceasing operations."
Stablecoin infrastructure startup Checker raises $8 million from Galaxy Ventures and others
Stablecoin infrastructure startup Checker has raised $8 million in funding from a range of investors including Galaxy…
Standard Chartered to absorb Zodia Custody’s crypto business into its own operations: Bloomberg
Standard Chartered has agreed to acquire Zodia Custody's crypto business to fold into its own digital asset operation…