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Investments
NFT Startup Candy Digital Raises $100M
- Candy's Series A funding round was co-led by Softbank Vision Fund 2 and Insight Partners, and valued the company at $1.5 billion.
- The NFT startup has already partnered with sport brands such as Major League Baseball, MLB Players Association, Race Team Alliance, and several college athletes.
FTX Raises $420M From 69 Investors
- The $420 million Series B-1 funding round attracted a total of 69 investors, which valued the company at $25 billion.
- The funds will help FTX make some strategic investments in the future, designed to grow its business and expand its regulatory coverage.
Charting Platform TradingView Raises $298M
- The funding follows a strong growth in the user base of the platform, which experienced a 400% increase in new accounts and 237% in visitors over the last 18 months.
- TradingView will try to bolster its broker relationships in the next few years, so it can allow investors to trade directly from its platform.
$400M Raised by Crypto Lender Celsius Network
- The CEO of Celsius Network said the funding round was not about the $400 million, but about the "credibility that comes with the people who wrote those cheques".
- The investment will help the crypto lender continue its product development, launch new institutional grade products, and double the size of its team.
Crypto Analytics Firm Elliptic Raises $60M
- Raised in a Series C funding round, the investment will help the company expand its global team of experts, and accelerate its research and development.
- The $60 million funding round was led by Evolution Equity Partners, and also saw participation from the Softbank Vision Fund 2.
El Salvador to Use BTC Profits to Build Pet Hospital
- The new veterinary hospital will be build using part of the $4 million in BTC profits El Salvador has made from the BTC trust it established at the end of August.
- The President of the country explained that no BTC will be sold to fund the investment, and that the surplus came from the way the trust was set up, and BTCs rise in price.
Bitkraft to Invest $75M in Blockchain Gaming
- In order to provide regulated investment opportunities, Bitkraft received an investment advisor registration from the U.S. SEC back in June 2021.
- The fund will use a "stage-agnostic" strategy, meaning it will invest in companies at any stage of their development.
Staking Platform Stader Completes $4M Seed Round
- Stader Labs aggregates DeFi protocols and applications into a simplified staking solution for delegators in order to maximize their returns.
- The new funds will help the platform expand its product offering, as well as add support for a variety of blockchanns, including Solana, Ethereum, Polkadot, and others.
CoinSwitch Kuber Becomes India’s Latest Crypto Unicorn
- The exchange became India's top crypto unicorn after a $260 million Series C funding round led by Coinbase Ventures and a16z.
- The funds will help the exchange onboard new clients, and launch new products like lending and staking.
SEC Delays Decision on 4 BTC ETFs by 45 Days.
- The ETF review period has been extended for Global X Bitcoin Trust, Valkyrie XBTO Bitcoin Futures Fund, Kryptoin Bitcoin ETF, and WisdomTree Bitcoin Trist.
- While the U.S. SEC has yet to approve a single BTC ETF, more and more financial institutions have started posting applications.