While crypto VCs tighten their belts, ParaFi just closed $125 million and nobody's talking about what that actually means. ParaFi Capital raised $125 million for a new fund during a crypto downturn, bringing total AUM to $2 billion
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Tether just hired a Big Four firm to audit its reserves, ending a decade-long credibility fight that's haunted the stablecoin that moves more value than Visa. Tether has hired a Big Four accounting firm for its first full audit of USDT reserves after years of regulatory and market scrutiny
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Solana just gave Wall Street the training wheels it needed to stop talking about blockchain and start building on it.
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Michael Saylor just unlocked another $44 billion for Bitcoin purchases, and the playbook that turned MicroStrategy into a crypto treasury is now being copied by companies that actually make money.
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Invesco just bought its way into the tokenized Treasury market with a $900 million acquisition, and the price of admission tells you everything about where this is going.
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The US government just admitted to holding $15 billion in Bitcoin seized from the 2020 hack, and now the lawyers are circling to figure out who actually owns it. The US government revealed it controls $15 billion in Bitcoin originally seized from a 2020 hack worth $3.5 billion, now 4x the value.
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Bitcoin just proved it's not a risk-off asset, and half a billion dollars in short positions learned that the hard way. Bitcoin surged to $71,000, triggering $550 million in short liquidations despite Middle East tensions escalating
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A $4 trillion fund services giant just decided Bitcoin mining cash flows belong on a blockchain. Apex Group, managing $4 trillion in assets, is tokenizing the Omnes Mining Note (OMN) on Coinbase's Base platform, marking traditional finance's deepest move into crypto infrastructure tokenization yet.
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Hyperliquid's tokenized commodities market just hit $1.74 billion in open interest, up 25% in a week, and crude oil is trading alongside silver on-chain.
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TRON just put a billion dollars on the table for AI infrastructure while everyone else is still writing Medium posts about what agents might do someday.
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Fidelity just gave institutional air cover to the wildest infrastructure bet in tech: training AI in orbit. Fidelity, a major SpaceX holder, sees viable economics for Musk's orbital data center concept, contingent on Starship reaching full operational capacity
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A solo GP just raised $232M to bet on AI startups, and the size of the check tells you everything about where institutional money thinks the talent is.
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The U.S. just kneecapped stablecoin yields before they could scale, and now we get to watch the real fight over what "money" means in the digital age. The Crypto Clarity Act's latest text prohibits rewards on stablecoin balances, marking a restrictive approach to digital dollar regulation
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Fidelity just validated the most audacious infrastructure bet of the decade: AI data centers in orbit. Fidelity's head of global private equity says SpaceX's orbital data center plan "makes sense", giving institutional cover to what sounds like sci-fi
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SoftBank just bet $30 billion on OpenAI, and the only thing more interesting than the size of the check is how they're paying for it. SoftBank is deploying $30 billion into OpenAI, pushing the limits of its own balance sheet and testing investor patience with Masayoshi Son's AI conviction.
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Larry Fink just said the quiet part loud: tokenization will make buying stocks as frictionless as Venmo. BlackRock CEO Larry Fink told Congress that tokenization will eventually make investing from your phone as simple as making payments
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Polymarket just updated its rulebook to ban insider trading and market manipulation, days after signing with Major League Baseball, which means someone finally asked the obvious question about sports prediction markets.
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Bitcoin's price is now a geopolitical weather vane, and the forecast depends on whether Trump and Iran can actually talk. Bitcoin held above $70,000 after bouncing on Trump's announcement of a five-day pause in tensions with Iran
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Michael Saylor just announced plans to raise $42 billion for more Bitcoin, doubling down on the biggest corporate crypto bet in history. Strategy Inc. plans a $42 billion capital raise to buy more Bitcoin, expanding its existing $4+ billion holdings
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Tom Lee's Bitmine just bought $138 million in ETH while sitting on unrealized losses, the third week in a row they've increased buying as the market bleeds. Bitmine, the Ethereum treasury company run by Thomas Lee, bought $138 million in ETH despite mounting unrealized losses on its balance sheet
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