Digital Asset said the roughly $50 million in funding from BNY, iCapital, Nasdaq and S&P Global will help scale the Canton Network as institutions warm to onchain tokenization. Institutional blockchain infrastructure provider Digital Asset, the creator of the Canton Network, has raised about $50 million in strategic investments from BNY, iCapital, Nasdaq and S&P Global, according to a person familiar with the deal. According to an announcement on Thursday, the strategic funding will build on Digital Asset’s strong momentum to scale the Canton Network following recent funding milestones that raised $135 million. The participation of these four big names highlights the range of institutions supporting the Canton Network, as big banks, exchanges, data, and wealth infrastructure all lend their weight to the same underlying blockchain stack. Read more
Kraken and Deutsche Börse plan to connect foreign exchange, tokenized stocks and Eurex derivatives in a phased rollout targeting institutional clients. Deutsche Börse Group, a global exchange organization, has entered into a strategic partnership with the US crypto exchange Kraken with a mission of bridging traditional and digital markets. Kraken and Deutsche Börse are joining forces to create unified access across traditional and digital asset markets, according to a joint announcement on Thursday. The companies plan to improve institutional access to regulated crypto products, including spot trading, tokenized markets and derivatives, as well as enhanced liquidity for institutions across multiple jurisdictions. Read more
The donation came as the UK government considered banning crypto contributions to political parties under a proposed Elections Bill. United Kingdom political party Reform UK has received a record 9 million British pounds (about $12 million) donation from early crypto investor Christopher Harborne. The sum is the largest single political gift ever made by a living person in Britain and comes months before local elections scheduled for May, the BBC reported on Thursday, citing newly published figures from the Electoral Commission. Harborne, a British national now based in Thailand, has a history of backing UK political campaigns. He previously donated to the Conservatives under Boris Johnson and to the Brexit Party, later rebranded as Reform UK, during the 2019–2020 cycle, per the report. Read more
MSTR could target $200 and extend toward $280 if supportive macro conditions and bullish technical momentum hold. Strategy’s stock MSTR printed one of the rarest bullish reversal signals in technical analysis, the “Abandoned Baby,” on its daily chart, hinting that a brutal downtrend may be running out of steam. Key takeaways MSTR’s rare reversal pattern suggests rising odds of a sharp rebound. Read more
XRP’s macro outlook remained bullish, with onchain data showing that a breakout was possible if key price support levels were reclaimed. XRP (XRP) price is up 12% since plunging below the $2 mark on Nov. 21, reclaiming some key support levels. Surging network activity and persistent institutional demand, coupled with reduced supply on exchanges, may lead to a sustained price recovery. Key takeaways: A surge in XRP ledger velocity and whale activity signals elevated network activity and demand. Read more
CoinDCX’s Sumit Gupta said crypto is becoming a natural extension of traditional investing as Indian traders mature. Indian crypto investors using CoinDCX appear to be taking a more deliberate, portfolio-based approach to digital asset investing, with early signs of longer-term allocation behavior emerging in 2025. On Thursday, the exchange released its annual report, which suggested that users are gradually shifting away from a “crypto equals Bitcoin” mindset toward more diversified holdings. CoinDCX data showed that the average customer now holds about five tokens, a notable increase from two to three tokens per investor in 2022. The report also noted that layer-1 assets accounted for 43.3% of portfolio volumes, while Bitcoin (BTC) held a significant share at 26.5%. Memecoins represented 11.8% of users’ portfolio allocations, according to the report. Read more
The YZi Labs-backed “Opinion” prediction market logged $1.5 billion in weekly volume just weeks after launch, outpacing Kalshi and Polymarket as prediction markets boom. YZi Labs, the venture capital company founded by Binance co-founder Changpeng “CZ” Zhao, is ramping up its bet on prediction markets as one of its portfolio platforms posted an unusual spike in trading volume. CZ took to X on Wednesday to welcome YZi-backed Predict.fun as a new prediction market launching on the BNB Chain. “When you make a prediction, you funds don’t sit idle, they generate yield,” CZ wrote, adding: “This tweet is not endorsement.” Read more