Galaxy, Sharplink plan $125M institutional DeFi yield fund backed by ETH treasury
Sharplink will contribute $100 million in staked Ether to a Galaxy-managed fund as institutions seek to earn yield from crypto holdings without selling ETH....
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Anchorage is stepping back from Robinhood and Kraken-backed stablecoin group
Anchorage Digital, the U.S.'s first federally chartered crypto bank, is reducing its active role in the Global Dollar stablecoin consortium backed by Robinhood and Kraken. CEO Nathan McCauley cited the need for neutrality as Anchorage pursues 20 other stablecoin issuance partnerships via M0. The shift reflects balancing incentive structures across competing stablecoin ecosystems while remaining supportive of USDG's $3 billion circulation.
Kraken parent Payward seeks fresh funding at $20 billion valuation ahead of planned IPO
The crypto exchange operator is pursuing a new fundraising round as it ramps up acquisitions across derivatives and stablecoins while laying the groundwork for a future public listing....