Category: crypto

SOL Strategies is acquiring privacy-focused cross-chain aggregator HoudiniSwap for $18M in cash, notes, and stock to enhance its Solana treasury and routing stack. The deal includes $8.25 million in cash, $5.75 million in notes, and $4 million in stock. HoudiniSwap generated $13 million in revenue last year and specializes in privacy-preserving cross-chain swaps.

Nasdaq-listed DeFi Development Corp has launched a $200M equity program to fund its Solana reserve strategy and aims to issue stock only when it boosts “SOL per share.” The company plans to accumulate SOL and increase its treasury holdings, with a target of one SOL per share by 2028.

A U.S. court has blocked Arbitrum DAO from moving 30,766 ETH linked to the Kelp DAO exploit. Lawyers representing terrorism victims argue the funds can be seized to satisfy judgments against North Korea. Despite a governance vote to transfer the funds, legal restraints now complicate the situation.

Coinbase has asked U.S. derivatives regulators to regulate prediction markets within existing rules. They argue that prediction markets fall under current regulatory authority and should be governed by a principles-based framework. Coinbase emphasized the importance of regulatory clarity for all users and called for federal clarity amid disputes at the state level.

Payward has acquired Bitnomial, giving Kraken the ability to launch crypto derivatives in the U.S. with three CFTC licenses. Kraken will start with spot margin trading, followed by perpetuals and options. The deal, valued at up to $550 million, provides a regulated pathway for offering derivatives through Kraken and NinjaTrader.

Stablecoins are expanding beyond basic price stability in the crypto market, serving wider payment and financial roles. Robert Hackett of a16z crypto suggests that the term “stablecoin” may need a new public identity to reflect this evolution, as the technology has moved past its original purpose of addressing volatility.

Morgan Stanley advises clients to hold 2%–4% Bitcoin exposure as demand for regulated crypto products rises. The bank’s head of digital asset strategy, Amy Oldenburg, mentioned that Bitcoin may one day appear on U.S. bank balance sheets, but regulatory hurdles remain. Morgan Stanley’s Bitcoin-backed exchange-traded product attracted over $100 million in self-directed demand. Additionally, the…

The U.S. Commodity Futures Trading Commission has received over 1,500 public responses on its proposed rule for prediction market event contracts. Firms like Kalshi, Polymarket, and Andreessen Horowitz support CFTC’s authority over event contracts, while state regulators from Pennsylvania, Tennessee, and Missouri push back, arguing for state oversight. Legal pressure from states and ongoing legal…

Strategy has paused Bitcoin purchases for the week ahead of its first-quarter earnings release. The company acquired 3,273 BTC for $255 million recently, bringing total holdings to 818,334 BTC worth about $63.7 billion. Analysts expect a loss per share of $18.98, while criticism has arisen over Strategy’s 11.5% dividend and long-term sustainability.

Peter Thiel’s Founders Fund closed a record $6 billion fund, with $4.5 billion from limited partners and $1.5 billion from Thiel and insiders. The fund will focus on late-stage startups, reflecting a trend of private companies seeking large funding rounds. Major venture firms like Founders Fund and Andreessen Horowitz continue to attract significant capital.