Black Lake Digital Markets, in collaboration with Nuva Labs, has successfully tokenized $25 million in institutional residential mortgages on the Provenance blockchain, an open-source Layer 1 network designed for financial services. The tokenized assets will serve as the underlying collateral for a dedicated Black Lake vault to be established on NuvaFinance, a decentralized finance platform.
In brief Bitcoin fell to its lowest point in 21 months, dragging down leading altcoins and crypto stocks with it. The weakness appears to be linked to a risk-off move in semiconductor and AI stocks, analysts said. As $XRP fell, it risked slipping below $1 for the first time since just after President Trump’s reelection.
In brief Meme stock traders on Reddit have put their efforts behind fast-food chain Wendy’s. Shares in the firm have bounced over 25% on Wednesday amid a surge of posts seeking to “save” the franchise. Even after the daily spike, WEN shares have fallen 66% in the last five years. Bitcoin is sinking Wednesday, but
Cambrian, a startup developing blockchain data infrastructure tailored for institutional clients and autonomous AI agents, has raised $6 million in a new funding round. The investment, reported by The Block, was co-led by asset management giant Franklin Templeton and venture firm Polychain Capital, with additional backing from Flow Traders, Selini Capital, Paper Ventures, and Nomad
Payward, the parent company of cryptocurrency exchange Kraken, has led a $20 million Series A funding round for Onyx Odds, a prediction market application that allows users to trade outcomes of sporting events like financial instruments. The round values Onyx Odds at $220 million, according to a report by The Block, marking a significant valuation
Stablecore, a digital asset infrastructure provider for financial institutions, has launched an early-access program for US credit unions, a move aimed at helping smaller lenders evaluate stablecoins and other blockchain-based financial services before broader adoption. The program announced on Wednesday is in collaboration with Circuit, a credit union service organization (CUSO) focused on research and
Kalshi is seeking to raise fresh capital at a valuation of about $40 billion, nearly doubling the $22 billion valuation it targeted in its previous funding round, according to a Financial Times report citing people familiar with the matter. The prediction markets platform could close the fundraising as soon as the third quarter of this
Daya, a stablecoin-powered payments and banking platform founded by former Circle and Helicarrier executives, has secured $2.4 million in a pre-seed funding round led by Hivemind Capital. The round also saw participation from Lattice, Alliance, Globelink, and Aptos Foundation. Founded by Nigerian entrepreneurs Aleph L and Paul Joe, who previously launched Helicarrier, one of Africa’s