Paxos launches new startup to help institutions offer DeFi products
Paxos Labs will let companies create their own stablecoins, offer onchain yield, and manage tokenized assets. Source link
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Peter Thiel’s Founders Fund co-leads $8 million Series A for Base-based derivatives exchange Avantis
The Series A was structured as equity with token warrants, Singh said, declining to disclose the post-money valuation. Source link
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The Funding: Why VCs are backing bitcoin and altcoin treasury companies
Strategy (formerly MicroStrategy) copycats are on the rise, and venture capital is backing the trend. Here’s why. Source link
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Here’s the team behind Freysa AI that has quietly raised $30 million from Coinbase Ventures and others
Eternis AI is developing Freysa AI and has raised $30 million from Coinbase Ventures, Selini Capital, and others. Source link
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Cobie’s ICO platform Sonar goes live with Plasma seeking $50 million at $500 million token valuation
Cobie’s Echo has launched Sonar, a new ICO platform, with Plasma as its first project, which is offering 10% of its XPL token supply. Source...
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Standard Chartered sees Solana reaching $500 by 2029, but expects it to underperform Ethereum in the near term
Solana may lag Ethereum in the near term until new use cases beyond memecoins gain traction, according to Standard Chartered. Source link
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WalletConnect token expands to Solana with 5 million WCT set for airdrop
The WalletConnect Foundation will airdrop 5 million WCT to active Solana users via partners like Phantom, Jupiter, Backpack and Solflare. Source link
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JPMorgan casts doubt on trillion-dollar stablecoin forecasts — even with US regulation advancing
JPMorgan analysts say expectations that the stablecoin market could triple or quadruple in the near future are “far too optimistic.” Source link
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Standard Chartered says sovereigns’ indirect bitcoin exposure via MSTR is growing, backing its $500,000 target
Government entities increased their MSTR holdings in Q1, including first-time buys by Saudi Arabia and France, Standard Chartered said. Source link
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The Funding: Why big crypto VCs are joining Cobie’s Echo
Earlier this year, Echo called out VC “hostility.” Now, top funds like Paradigm and Coinbase Ventures are leading groups on the crowdfunding platform. Source link