Venture investors have poured nearly $100 million into stablecoin startups, backing new infrastructure for programmable money. M0, a Switzerland-based platform that lets developers issue custom stablecoins, announced a $40 million Series B raise on Thursday led by Polychain Capital and Ribbit Capital. Founded in 2023, the company has partnered with projects including MetaMask and Playtron
Somnia, a gaming and entertainment-focused blockchain, has partnered with Fireblocks, a prominent platform for digital asset custody. The partnership aims to integrate the enterprise-level security infrastructure of Fireblocks into Somnia’s platform to ensure secure issuance, storage, and movement of digital assets. As the platform disclosed in its official social media announcement, the collaboration will build
Ikuyo, a Japanese automotive parts manufacturer, decided to underwrite a 300 million yen, $2 million, third-party allocation of new shares to US-based Galactic Holdings, Inc. This investment signals the automotive industry’s blockchain payment transformation across global supply chains. Stock Rallies to Unprecedented Highs Following a strategic digital currency investment disclosure, Ikuyo shares reached unprecedented highs
China is aiming to achieve a 70% penetration rate of AI technologies within the next couple of years, enabling its population to utilize “next-generation smart terminals, intelligent agents, and other applications” by 2027, according to a State Council directive that sets the country’s most ambitious artificial intelligence targets to date. The policy aims to “reshape
BitMine’s stock price has been falling today, even though the Ethereum price has regained the $4,500 mark. This is particularly surprising because Bitmine is an Ethereum treasury firm. Analysts claim that a recent unlock of PIPE shares is responsible. These shares help Bitmine efficiently raise capital for token purchases, but they do have occasional drawbacks
Gryphon Digital Mining is set to merge with Trump-linked American Bitcoin in September, with its shares already up 231% since the May announcement. Gryphon’s shares jumped 42.1% on Thursday to $1.75 from $1.35, according to Google Finance. The rally came as American Bitcoin’s largest investor, Hut 8 CEO Asher Genoot, told Reuters the merger between
In the financial industry, security has always been about staying one step ahead of attackers. For years, firms relied on perimeter defenses: firewalls, intrusion detection, layered passwords. But as the industry has discovered, most breaches do not come from the outside, they come from the inside. Insider threats, compromised credentials, and lateral movement within networks
Web3 startup aPriori has raised $20 million to expand its trading infrastructure platform, which aims to bring high-frequency trading (HFT) onchain and address technical and market challenges in decentralized finance (DeFi). The raise comes as institutional investors show growing interest in DeFi as an alternative source of yield. The round included participation from Pantera Capital,
Bitcoin’s price should be higher as its volatility has plunged and the asset has become more attractive asset for institutions, JP Morgan analysts said in a note Thursday. The analysts said that the price of the leading digital coin should be at $126,000 per coin, although they believe that BTC could still climb that high
A lot was said about how the U.S. economy can benefit from USD-pegged stablecoins, especially now, when the GENIUS Act provides a clearer framework for the issuers. But can other countries benefit from issuing stablecoins pegged to their respective national currencies? Yes, they can, and several countries are already joining the race. Summary USD-pegged stablecoins