Key Takeaways Bakkt, a digital asset infrastructure company, plans to acquire Distributed Technologies Research. The acquisition will proceed via an all-stock transaction wherein Bakkt will issue shares of Class A common stock to DTR shareholders. Crypto services company Bakkt is set to acquire stablecoin payments provider Distributed Technologies Research Ltd. (DTR) through an all-stock transaction,
Crypto custodian BitGo is looking to raise up to $201 million in its public market debut, setting a valuation of approximately $1.85 billion, the midpoint of its offering range. The Silicon Valley-based firm, whose services include self-custody wallets, regulated trust services and prime brokerage, said it plans to sell 11 million shares at $15 to
Key Takeaways Crypto exchange-traded products experienced $454 million in outflows last week. The outflows nearly counteracted the $1.5 billion inflows recorded earlier in the year, marking a significant change in market sentiment. Funds tied to XRP and Solana saw strong inflows last week despite a wave of outflows across crypto exchange-traded products, according to a
Key Takeaways Strategy purchased 13,627 Bitcoin for $1.2 billion last week. The company paid an average price of around $91,500 per Bitcoin. Strategy said it added 13,627 Bitcoin to its treasury for approximately $1.2 billion between January 5 and January 11, paying an average of around $91,500 per coin. The move pushed its total holdings
Key Takeaways BitGo plans to raise up to $201 million by selling 11.8 million shares, potentially giving the company a valuation of $1.9 billion. The company intends to use the funds for working capital, product development, and potential acquisitions. Crypto custodian BitGo is seeking to raise as much as $201 million through the sale of
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2882.46, up 0.0% (+0.76) since 4 p.m. ET on Friday. Four of 20 assets are trading higher. Leaders: SOL (+3.1%) and ETH (+0.9%). Laggards: LTC (-6.2%) and HBAR (-3.8%).
VelaFi, a stablecoin-powered financial infrastructure provider under Galactic Holdings, has raised $20 million in a Series B funding round led by XVC and Ikuyo, the company said in a press release Monday. The round also included participation from Alibaba Investment, Planetree, BAI Capital, and other global investors, bringing the company’s total funding to more than
Key Takeaways Standard Chartered is planning to launch a crypto prime brokerage under its venture capital arm, SC Ventures. The brokerage aims to serve institutional clients with services like custody, financing, trading, and clearing for digital assets. Standard Chartered, the leading British multinational bank, is considering launching a crypto prime brokerage that would sit under
By Omkar Godbole (All times ET unless indicated otherwise) Since its introduction in 2009, bitcoin BTC$90,709.15 fans have seen it as an anti-establishment asset and a shield against financial mismanagement and political turmoil. Yet on Monday, the largest cryptocurrency is trailing traditional safety assets such as gold even as tensions between President Donald Trump and
The Fed made successive interest rate cuts in the final months of 2025. However, the outlook for 2026 does not look very positive. At this point, Goldman Sachs revised its forecast regarding the Fed’s interest rate cuts. According to Reuters, Goldman Sachs revised its Fed expectations, pointing to rate cuts in June and September instead