Market Overview
Michael Saylor’s Strategy acquires 1,031 BTC for $76.6M, bringing their total holdings to 762,099 BTC.
BitMine Immersion Technologies launches their proprietary staking network, MAVAN, designed for institutional staking.
Mortgage finance firm, Fannie Mae, will soon accept crypto-backed mortgages for the first time, in partnership with Coinbase Global.
Narrative of the Week
Ondo Finance partners with Franklin Templeton ton bring Franklin Templeton’s managed investment products on-chain.
Felix Protocol brings over 250 tokenized stocks and ETFs to Hyperliquid. The new offerings are backed by Ondo Finance’s tokenized equities.
Tokenization platform, Securitize, has signed a Memorandum of Understanding with the NYSE to support the development of tokenized securities market.
Major Project Updates
Tether announces that they have signed with a Big Four firm for their first ever full audit, although they did not disclose any further details.
Binance launches Binance AI Pro in public beta, allowing Binance users to analyze markets, execute strategies and manage trading workflows within the Binance app.
The Ethereum Foundation launches pq.ethereum.org, a dedicated resource for Ethereum’s post-quantum security effort, including the PQ roadmap, open resources, interviews and more.
DeFi L2 chain, Katana, has acquired perpetual DEX, IDEX, to launch their own native perpetual platform, Katana Perps.
DeFi Brief
Liquidity protocol, Balancer, announces plans to shut down Balancer Labs as well as proposes a plan to halt BAL emissions.
Resolv’s USR was exploited via a compromised private key, resulting in the minting of $80M in uncollateralized USR tokens. Since then, 9M USR held by the attacker has been burnt.
Solana DEX aggregator, Jupiter, introduces Offerbook, a permissionless money market for fixed rates and fixed term loans.
The Aave DAO has successfully passed the governance vote for the deployment of Aave V4 on Etheruem mainnet.
Fundraises & Airdrops
Ethereum block builder, Eureka, raises $6.7M in a seed round led by Spark Capital and Collider Ventures, with other investors including Varrock Ventures, Node Capital, and more.
Cross-border payments solution, Tazapay, raises a total of $36M in a Series B funding round, with the recent extension led by Circle Ventures, with support from CMT Digital, Coinbase Ventures, and more.
Privacy-focused stablecoin chain, Payy, raises $6M in a seed funding round led by FirstMark Capital, with support from DBA and Robot Ventures.
Institutional cross-border settlement layer, XFX, raises $9M in a seed round led by Haun Ventures, Castle Island VC, Oak HC/FT, Coinbase Ventures, and more.
Backpack’s BP token airdrop goes live. Eligible users can now claim, trade, withdraw or stake their airdrops.
Source:
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