Mastercard agreed to pay up to $1.8 billion for BVNK, a stablecoin infrastructure agency that connects blockchain funds with conventional banking rails. The deal consists of $300 million in contingent funds and closes what Mastercard informed traders would have taken too lengthy to construct internally: the power to transfer cash seamlessly throughout fiat and on-chain…
On Mar. 5, Justin Sun reached a $10 million settlement with the SEC to resolve a civil fraud case that alleged he generated $31 million via wash-trading-style transactions and undisclosed movie star promotions. The settlement, which requires courtroom approval and contains no admission of wrongdoing, strikes the case towards dismissal. The identical day, US banking…
Crypto promised diversification past Bitcoin. For years, the pitch was easy: unfold threat throughout blockchains, decentralized purposes, and layer-1 protocols. In observe, that diversification usually collapsed when Bitcoin stumbled. Ethereum, Solana, and different main altcoins routinely fell more durable than BTC throughout drawdowns, leaving portfolios targeting the identical directional wager, simply with totally different branding….
Kalshi’s partnership with Tradeweb marks one of many clearest alerts but that prediction markets are shifting past crypto experimentation. On X, Kalshi co-founder and CEO Tarek Mansour said the deal was an acceleration level: “Kalshi and Tradeweb are partnering to speed up institutional adoption in prediction markets.” He added that whereas it took roughly a…
Dragonfly Capital closed its fourth fund at $650 million this week, the identical dimension as its 2022 automobile, raised into a enterprise market Fortune calls a “mass extinction occasion.” The headline reads like a vote of confidence: institutional capital returning, crypto winter thawing, alt season loading. But peel again one layer and the image warps….
Fireplace, an expert buying and selling terminal purpose-built for prediction markets, has raised $1.5 million in a pre-seed spherical led by Frachtis, with participation from White Star Capital and a mixture of enterprise and angel buyers by way of Legion and Echo syndicates. The pitch is simple: prediction markets have scaled very quick, however their…
Bitwise formally entered the prediction market ETF race, submitting with the US Securities and Exchange Commission (SEC) on Tuesday to launch a brand new suite of exchange-traded funds based mostly round US elections. The ETFs search to be issued beneath a devoted model known as PredictionShares, in accordance to the filing, with the proposed ETFs…
Robinhood CEO Vlad Tenev kicked off the IPO roadshow for the corporate’s first-ever enterprise fund immediately, calling it “the subsequent entrance in our mission to democratize finance for all.” Robinhood Ventures Fund I ($RVI) will give retail buyers entry to purchase shares in non-public corporations by way of a publicly traded closed-end fund, with no…
Opinion has raised $20 million in a pre-Series A spherical, indicating rising investor conviction that onchain settlement is turning into the defining infrastructure layer for prediction markets. The funding spherical was backed by Hack VC, Jump Crypto, Primitive Ventures, Decasonic, and different buyers, in accordance to the corporate. Opinion is positioning itself round onchain settlement…
Crypto’s IPO market is again, however the firms main the cost aren’t those most uncovered to token volatility. BitGo priced its preliminary public providing on Jan. 21 at $18 per share, elevating $212.8 million and valuing the custody platform at $2.08 billion. Shares opened the subsequent day at $22.43, a 24.6% bounce that pushed the…