Tag: Million

US Sanctions Russia’s Crypto Exchange, Executives Over $100 Million in Illicit Transactions

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The US Treasury Department has re-designated Moscow-based cryptocurrency exchange Garantex and sanctioned its successor, Grinex, along with three executives and six associated companies in Russia and the Kyrgyz Republic. Officials say Garantex processed more than $100 million in illicit transactions since 2019, including funds tied to ransomware attacks and darknet markets. “Digital assets play a crucial role in global innovation and economic development, and the United States will not tolerate abuse of this industry to support cybercrime and sanctions evasion. Exploiting cryptocurrency exchanges to launder money and facilitate ransomware attacks…

Transak Raises $16 Million From Tether and IDG Capital to Expand Stablecoin Payments Infrastructure

Transak, a fiat-to-crypto infrastructure provider, has raised $16 million in a strategic funding round led by Tether and IDG Capital to enhance its stablecoin payments infrastructure and expand operations into new markets. The funding round also saw participation from several investors, including Primal Capital, 1kx, and Protein Capital. With over $2 billion in processed transaction […] Source CryptoX Portal

Sequans Acquires 13 Additional Bitcoin for $1.5 Million, Increasing Total Holdings to 3,171 BTC

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Paris-headquartered Sequans Communications S.A. (NYSE: SQNS) has announced the acquisition of an additional 13 bitcoin for approximately $1.5 million, at an average purchase price of $117,012 per bitcoin, inclusive of fees. As of August 8, 2025, the company now holds a total of 3,171 bitcoins, with a total net investment in bitcoin amounting to around […] Original

BNC Invests $160 Million in BNB, Becomes Largest Corporate Holder of BNB Globally

BNB Network Company, the treasury management division of CEA Industries Inc. (Nasdaq: BNC), has announced the acquisition of 200,000 BNB tokens, positioning itself as the largest corporate holder of BNB worldwide. This strategic move follows a significant $500 million private placement led by 10X Capital in collaboration with YZi Labs, aimed at establishing BNB as […] Source CryptoX Portal

Hybrid L2 BOB Raises $9.5 Million in Latest Funding Round to Advance Bitcoin DeFi Development

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Build on Bitcoin (BOB), a hybrid Layer two (L2) blockchain, has successfully raised a total of $21 million through a series of strategic funding rounds since December 2024, with recent backing from investors including Castle Island Ventures, Ledger Cathay Capital, Rockawayx, and Sats Ventures. The latest funding round raised $9.5 million, demonstrating strong confidence from […] Original

Chainlink Whales Scoop Up $150 Million LINK In Two Weeks – More Gains Ahead?

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The Chainlink (LINK) market has registered strong bullish action in recent days amidst a general market rebound. Data from CoinMarketCap reports that LINK’s price has increased by 29.75% in the past week, allowing the altcoin to emerge as one of the top market gainers in this period. Interestingly, prominent market analyst Ali Martinez has identified another encouraging trend underneath this positive price action. Chainlink Whale Activity Surges With 8.10 Million LINK Purchase In an X post on August 8, Ali Martinez reports a major rise in whale accumulation on the…

DWP Management Bags $200 Million In-Kind Contributions In XRP

Key Notes DWP Management secured approximately $200 million in capital across its fund strategies since April, all in XRP. The firm believes that this reflects how the integration of digital assets into modern portfolios has evolved significantly. This disclosure comes as Ripple settles its legal war with the United States’ SEC. On Friday, Digital Wealth Partners Management, LLC, or DWP Management has announced that it has raised approximately $200 million in capital across its fund strategies since April, all in XRP. This organization is recognized for being the general partner…