Tether KRW stablecoin speculation is back in focus after the company filed seven trademark applications in South Korea, turning quiet legal paperwork into a closely watched market signal. The attention is centered on two names in particular: KRWT and WONTETHER. Both point toward the Korean won, and that has fueled fresh talk that Tether may
Crypto infrastructure startup Cycles has raised $6.4 million in seed funding to build a private clearing network aimed at reducing liquidity usage and counterparty risk across digital asset markets. Cycles, a crypto financial infrastructure company focused on private market clearing, has completed a $6.4 million seed round led by Blockchange Ventures, with participation from Coinbase
Variational, a peer-to-peer onchain derivatives trading protocol, said it raised $50 million in a round led by global investment fund Dragonfy with participation from companies including Bain Capital Crypto and Coinbase Ventures. The money will be used to expand the Cayman Islands-based company’s derivatives trading services, it said in a statement released Thursday. The raise
Blockchain.com said it confidentially filed paperwork with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO). The number of shares to be offered and the proposed price range have not yet been determined, according to an announcement on Thursday. A confidential filing allows companies to begin the SEC review process
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 2062.9, down 0.5% (-9.64) since 4 p.m. ET on Wednesday. Five of the 20 assets are trading higher. Leaders: NEAR (+4.1%) and TAO (+1.6%). Laggards: ICP (-1.6%) and HBAR
Tokenized money market funds still make up only around 5% of the stablecoin universe despite their ability to generate yield, Wall Street bank JPMorgan said in a Wednesday report. The bank said crypto market participants continue to favor stablecoins because they have become the ecosystem’s default cash instrument for trading, collateral management, settlement, cross-border payments
A significant shift in the shareholder composition of Dunamu, the operator of South Korea’s leading cryptocurrency exchange Upbit, is being interpreted as a positive signal for a potential merger with Naver Financial. According to a report from ZDNet Korea, the departure of a key investor has removed a major obstacle to the deal. New Investors
BlockBooster, a Web3 incubation service provider, has announced the launch of a $50 million digital venture fund, as reported by Reuters. The fund is set to invest across several high-growth areas within the blockchain and artificial intelligence sectors, including AI infrastructure, on-chain trading platforms, on-chain asset management solutions, and the tokenization of real-world assets (RWA).
Mastercard has completed the acquisition of BVNK, a UK-based stablecoin infrastructure startup, for $1.8 billion. The deal marks one of the largest moves by a traditional payments giant into the digital currency space, signaling a strategic shift in how global money movement may be handled in the coming years. What BVNK brings to Mastercard BVNK
Kalshi Inc., the federally regulated prediction market platform, has raised an additional $200 million in a new funding round, according to a report from Bloomberg. This fresh capital comes on top of a previously announced $1 billion funding round, bringing the company’s total raised to approximately $1.2 billion. New Investors Enter the Market The latest