Tag: Firm

Coinbase Makes Fresh Investment in Indian Exchange CoinDCX, Valuing Firm at $2.45 Billion – SuperCryptoNews

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Global cryptocurrency giant Coinbase announced a new strategic investment Wednesday in Indian crypto exchange CoinDCX, a move aimed at expanding its footprint in the burgeoning markets of India and the Middle East. While the financial terms of the investment were not disclosed, CoinDCX Co-founder and CEO Sumit Gupta confirmed the transaction values the exchange at $2.45 billion post-money. The deal is subject to regulatory approval. Coinbase’s investment follows multiple earlier funding rounds in which its venture arm, Coinbase Ventures, participated, starting in 2020. Shan Aggarwal, Coinbase’s chief business officer, highlighted…

Bitcoin Mining Firm Canaan Turns Flared Gas into Power in Canada

Key Notes The project deploys over $2 million in Avalon A15 Pro miners at gas well sites, utilizing stranded energy resources. Aurora’s system enables below-average mining costs while offering grid power resale during peak periods. Canaan generates 2.5 megawatts from 700 units, targeting expansion as AI infrastructure demand grows globally. Canaan Inc. announced on October 13 that it has initiated a pilot mining project in Calgary, Alberta, converting flared natural gas into power for high-density computing. The effort demonstrates new energy strategies in Bitcoin BTC $114 822 24h volatility: 0.4%…

Citibank Backs Stablecoin Firm BVNK: Report

Key Notes Citi invests in stablecoin payments infrastructure firm, BVNK. The deal reflects growing US bank interest in stablecoins following clearer regulations. BVNK’s valuation has surpassed $750 million from its last funding round. Citi, the third-largest bank in the United States, has made a strategic investment in BVNK, a London-based stablecoin infrastructure firm backed by Coinbase and Tiger Global. The move comes amid clearer regulations and rising demand for stablecoins among US banks. BVNK operates a payments platform that enables global transactions using stablecoins, allowing easy conversion between fiat and…

Bitcoin Life Insurance Firm Meanwhile Raises $82M Led by Bain Capital, Haun Ventures

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Key Notes The Bermuda-based insurer allows policyholders to borrow against policies after two years to access Bitcoin at current rates. Bitcoin recently hit $126,198 as investors sought refuge during US government shutdown uncertainty and market volatility. Meanwhile operates as a regulated carrier offering death benefits in Bitcoin rather than traditional fiat currency payouts. Meanwhile, the first life insurance company to offer policies denominated entirely in Bitcoin BTC $121 733 24h volatility: 3.0% Market cap: $2.43 T Vol. 24h: $77.59 B , has raised $82 million in a new funding round…

NYSE Parent Firm ICE Set to Invest in Polymarket Platform

Key Notes ICE is reportedly investing $2 billion in Polymarket, valuing the platform at between $8 and $10 billion. Polymarket now supports Bitcoin deposits, broadening access to its decentralized prediction markets. The platform has over 21,000 active markets and 1.2 million users worldwide. Intercontinental Exchange, the parent company of the New York Stock Exchange, is reportedly close to finalizing a $2 billion investment in Polymarket, as per a report from the Wall Street Journal. According to WSJ, the deal could value the prediction market platform at as much as $10…

Dutch crypto firm Amdax raises $35m to buy Bitcoin

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Dutch cryptocurrency firm Amdax raised 30 million euros to start its Bitcoin treasury initiative AMBTS. The firm aims to covet 1% of the total BTC supply. Summary Dutch crypto firm Amdax has completed its €30 million ($35 million) funding round to launch Amsterdam Bitcoin Treasury Strategy. The firm aims to accumulate up to 210,000 BTC, potentially becoming the second-largest corporate Bitcoin holder after MicroStrategy On Oct. 7, Reuters reported that the Dutch crypto firm has recently finished its funding round for its Bitcoin treasury initiative, having reached its initial target…

Pro Bitcoin Traders Hold Firm As BTC Bounces Off $112K

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Key takeaways: Heightened Bitcoin put option premiums signal cautious trader sentiment. US job openings near five-year lows, increasing recession fears and potential economic slowdown risks. $518 million flowed into Bitcoin ETFs on Monday, while public companies keep accumulating, tightening available supply. Bitcoin (BTC) pro traders remain uneasy about holding downside risks despite recent gains to $114,000, as derivatives markets show heightened fear. Traders are likely considering whether these metrics reflect broad concerns about global economic growth or fears specific to the cryptocurrency market. Bitcoin options 30-day skew (put-call). Source: Laevitas.ch…

SEC Pauses Trading on Crypto Treasury Firm QMMM

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The US Securities and Exchange Commission has temporarily halted trading of crypto treasury company QMMM Holdings due to potential stock manipulation, coming just a week after reports surfaced of a regulatory probe into certain crypto treasury firms.  “The Commission temporarily suspended trading in the securities of QMMM because of potential manipulation,” the agency said in a notice on Monday, halting trading of QMMM stock for 10 trading days. It said the alleged manipulation was “effectuated through recommendations, made to investors by unknown persons via social media to purchase” QMMM shares,…

U.S. Capital Group takes largest stake in Bitcoin treasury firm Metaplanet

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Institutional capital is making a bold entry into Bitcoin treasuries with one of America’s investment giants, Capital Group, taking center stage in Metaplanet. Summary Capital Group acquires an 11.45% stake in Bitcoin-focused Metaplanet, valued near $500 million. Metaplanet has continued to boost its Bitcoin, now holding about 26,000 BTC after buying 5,419 BTC recently. Capital Group has been expanding its crypto exposure via equity stakes while avoiding direct Bitcoin holdings. Capital Group has taken an 11.45% stake in Japanese Bitcoin treasury firm Metaplanet, becoming its largest shareholder. The Tokyo-based company…

Ethereum Thesis From Tom Lee Is ‘Retarded’: VC Firm Boss

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Mechanism Capital co-founder Andrew Kang escalated his critique of Tom Lee’s latest Ethereum investment case with an unusually blunt tirade on X, interlacing his rebuttal with a series of sharply worded assertions and data-driven claims. “Tom Lee’s ETH thesis is one of the most retarded combinations of financially illiterate arguments I’ve seen from a well known analyst in a while,” Kang wrote, before listing five pillars he says underpin Lee’s view: “(1) Stablecoin & RWA adoption; (2) Digital oil comparison; (3) Institutions will buy and stake ETH; (4) ETH will…