Day: March 22, 2025

Crypto VC giant targets $1B for new funds, expects oversubscription — Report

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Venture capital firm Haun Ventures is reportedly looking to raise $1 billion for two new crypto-related investment funds within the next three months. If successful, $500 million will be allocated to early-stage crypto investments, while the remaining $500 million will go toward late-stage crypto investments, people familiar with the matter told Fortune Crypto on March 21. Different market conditions to 2022 led to lowered expectations The VC firm, founded by former Coinbase board member and federal prosecutor Katie Haun in 2022, reportedly did not aim for the $1.5 billion it…

South Korea to Sanction Multiple Crypto Exchanges for Operating Illegally

Key Notes The list includes known crypto exchanges like BitMEX, KuCoin, and CoinW. These exchanges have been illegally operating in the Korean language. Authorities will reportedly take legal action within 2025. Financial authorities in South Korea will reportedly sanction multiple overseas crypto exchanges that have been illegally operating in the East Asian country. These centralized exchanges, including KuCoin, CoinW, Bitunix, and KCEX, have been reportedly providing financial services to South Koreans without registering as Virtual Asset Service Providers (VASPs) under the Specific Financial Information Act, according to the local outlet…

Toncoin (TON) Renewed Upswing Signals Strong Market Confidence

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My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for…

Coinbase in ‘advanced’ talks to acquire Deribit: report

Coinbase is reportedly in advanced discussions to acquire Deribit, a leading crypto derivatives exchange specializing in Bitcoin and Ether options, according to Bloomberg.  The companies have informed regulators in Dubai— where Deribit is licensed — about the ongoing negotiations, though no final agreement has been confirmed. Deribit is the dominant player in the crypto options market and was valued between $4 billion and $5 billion earlier this year. The platform saw nearly $1.2 trillion in trading volume in 2024, nearly doubling its activity from the previous year.  Coinbase, primarily known…