The deal values Abra at $750 million pre-money. Digital asset wealth management platform Abra is heading to the public markets. Abra Financial Holdings announced today it has entered into a definitive business combination agreement with New Providence Acquisition Corp. III (Nasdaq: NPACU). The combined company is expected to list on Nasdaq under the ticker “ABRX.”…
The Trump family-backed protocol’s “Super Node” tier promises partnership discussions with the WLFI team. World Liberty Financial, the decentralized finance (DeFi) project affiliated with President Trump’s family, has passed a governance proposal that offers investors who lock up 50M WLFI tokens “direct WLFI team access,” raising fresh ethics questions about the intersection of the Trump…
While Aave blamed an illiquid market, CoW Swap identified a stale gas ceiling, silent solver failures, and a possible mempool leak that turned a bad trade into the worst execution loss in DeFi history. Aave and CoW Protocol published separate post-mortem reports over the weekend dissecting the March 12 swap that resulted in a trader…
The platform’s overall on-chain RWA value crossed the $1 billion milestone for the first time last August on the back of institutional demand for its JAAA fund. Centrifuge’s native token CFG has rallied roughly 60% in the past 24 hours after Binance, the largest centralized exchange buy trading volume, announced it would list the token…
Total crypto capitalization is up 3.5%, with Layer 1s and memecoins leading the charge. Crypto markets are off to a strong start this week, with major altcoins surging amid more than $400 million in short liquidations. Stocks rallied while oil dropped 5% after U.S. Treasury Secretary Scott Bessent told CNBC that Iranian oil tankers are…
Crypto.com has partnered with KG Inicis to let foreign travelers pay for goods and services in South Korea using digital assets through the exchange’s merchant network. Crypto.com has partnered with KG Inicis, South Korea’s largest payment gateway and value-added network provider, to enable cryptocurrency payments for foreign tourists visiting the country. The integration will allow…
Cango sold approximately $305 million in bitcoin holdings in February to repay debt and finance an artificial intelligence infrastructure transformation. Bitcoin miner Cango (NYSE: CANG) has sold 4,451 bitcoin to reduce financial leverage and fund an AI makeover, the company announced. The February sale generated approximately $305 million, with proceeds used to partially repay a…
Cari Network is building a bank-governed tokenized deposit platform on ZKsync’s Prividium stack, offering US regional lenders an onchain payments rail with stablecoin-like speed and transferability. Cari Network has selected ZKsync’s Prividium stack to build a bank-governed tokenized deposit platform aimed at US regional banks. The platform will enable regional lenders to offer customers tokenized…
The deal doubles the valuation from Kalshi’s previous round in November. CFTC-regulated prediction market platform Kalshi is raising around $1 billion at a $22 billion valuation in a new funding round, according to multiple reports. The new round is led by Coatue Management, per The Wall Street Journal, which was first to report the news…
Lawyers say the joint SEC-CFTC framework is the most significant crypto regulatory development in years. But who decides when a token sheds its investment contract status, and what happens to DeFi, are still unanswered. The SEC and CFTC’s landmark crypto taxonomy has been widely hailed as a decisive break from years of regulatory limbo but…