Bitcoin mining hardware manufacturer Canaan Inc. has received a $72 million strategic investment from major digital asset firms Galaxy Digital, Weiss Asset Management, and Brevan Howard Digital. This substantial capital injection will strengthen Canaan’s balance sheet as the company refocuses on its core ASIC chip design business and scales production operations in the United States, marking a significant vote of confidence from institutional investors in the cryptocurrency mining sector.
about Canaan Secures $72M Investment from Galaxy Digital, Brevan HowardBrevan Howard Digital
0 in Finance and 0 in Crypto last weekFlying Tulip Raises $200M for On-Chain Exchange Platform
Andre Cronje’s latest venture, Flying Tulip, has secured $200 million in private funding to build what it describes as a comprehensive on-chain exchange platform. The New York-based startup, which plans to launch a public token sale at the same valuation, aims to create a unified market structure combining native stablecoin, spot and derivatives trading, money markets, and on-chain insurance in a single, capital-efficient system designed to serve both retail and institutional users.
about Flying Tulip Raises $200M for On-Chain Exchange PlatformFlying Tulip Raises $200M, Launches $FT Token with Onchain Protection
Flying Tulip, a comprehensive onchain financial marketplace, has secured $200 million in private funding from prominent investors including Brevan Howard Digital and CoinFund, while announcing a public token sale for its $FT token at the same valuation. The platform introduces an innovative onchain redemption mechanism that allows investors to recover their initial investment, representing a significant advancement in investor protection within the decentralized finance space. This funding round and token launch come as part of the company’s broader vision to create institutional-grade market structure with transparent risk management and capital efficiency.
about Flying Tulip Raises $200M, Launches $FT Token with Onchain ProtectionFlying Tulip Raises $200M, Launches Onchain Exchange with Redemption Rights
Flying Tulip has secured $200 million in private funding from major institutional investors and announced an upcoming public token sale for its comprehensive onchain exchange platform. The New York-based company is building a unified financial marketplace that integrates spot trading, derivatives, and risk management within a single cross-margin system, with a key innovation being onchain redemption rights that provide downside protection for investors while preserving unlimited upside potential.
about Flying Tulip Raises $200M, Launches Onchain Exchange with Redemption RightsKintsu Launches sHYPE Liquid Staking on Hyperliquid
Kintsu, a liquid staking protocol backed by major investors including Castle Island Ventures and Brevan Howard Digital, has expanded to Hyperliquid with the launch of sHYPE, introducing a revolutionary gamified governance model that transforms how validators compete for stake and delegates build reputation. This strategic expansion addresses fragmentation in decentralized finance through decentralized validator curation and composable staking tokens, marking a significant milestone in the evolution of community-governed liquid staking solutions.
about Kintsu Launches sHYPE Liquid Staking on HyperliquidJ.P. Morgan Expands DeFi Reach with Marex & Brevan Howard
J.P. Morgan has partnered with Marex Group and Brevan Howard Digital to utilize its Kinexys blockchain payments system, aiming to streamline settlements and reduce risks. Marex will be the first clearing firm to adopt Kinexys’ blockchain deposit accounts, improving operational efficiency. The system enables real-time, programmable payments while maintaining TradFi security standards. This move reflects J.P. Morgan’s growing embrace of blockchain, despite CEO Jamie Dimon’s past skepticism. The bank’s blockchain journey began with Quorum in 2016, later evolving into Onyx and now Kinexys, which has processed over $1.5 trillion in transactions. Recent developments include the launch of JPMD, a digital representation of dollar deposits, and potential crypto-backed loans in the future.
about J.P. Morgan Expands DeFi Reach with Marex & Brevan HowardJohn Smedley Launches NFT-Powered Shooter Reaper Actual
John Smedley, known for EverQuest and Planetside, has launched Distinct Possibility Studios, introducing Reaper Actual—a blockchain-enhanced open-world shooter. The game features player-owned bases (available as NFTs or via Web2 platforms like Epic Games Store) and a massive map four times larger than Call of Duty: Warzone. With $30.5M in funding from Bitkraft and Brevan Howard Digital, the studio plans a phased release, starting with a pre-alpha ‘Foundation’ version requiring base purchases. Reaper Actual blends PvP and PvE elements, encouraging player conflict and item trading via Steam or Tezos-based Etherlink. Smedley predicts crypto adoption among players will grow from 8% to 30% within two years, citing the success of Avalanche’s Off the Grid as inspiration.
about John Smedley Launches NFT-Powered Shooter Reaper ActualScaramucci Predicts SOL Will Overtake ETH in Market Cap
At the DigiAssets 2025 conference, Anthony Scaramucci, founder of SkyBridge Capital, declared that Solana (SOL) would eventually overtake Ethereum (ETH) in market cap, citing a better understanding of Solana’s potential. Despite his optimism, Solana has seen a 23.2% decline year-to-date, while Ethereum has dropped 24.75%. Scaramucci’s view clashes with Standard Chartered’s recent report, which predicts Ethereum will outperform Solana over the next few years, citing Solana’s declining usage and scaling issues. However, Cantor Fitzgerald supports Scaramucci’s stance, praising Solana’s superior technology compared to Ethereum.
about Scaramucci Predicts SOL Will Overtake ETH in Market CapOKX & Standard Chartered Launch Crypto Collateral Mirroring
OKX and Standard Chartered have unveiled a collateral mirroring program enabling institutions to trade crypto using digital assets (e.g., tokenized MMFs) as collateral, with Standard Chartered acting as custodian. This move comes as OKX seeks to rebuild institutional trust after facing hefty fines for AML violations in Malta and the US. Despite regulatory setbacks, OKX secured a MiCA license for EU operations and saw explosive growth in 2024, with wallet users surging 1000% and DEX volume rising 20x. The partnership leverages Standard Chartered’s G-SIB status and Franklin Templeton’s tokenized MMFs, attracting firms like Brevan Howard Digital.
about OKX & Standard Chartered Launch Crypto Collateral MirroringMantra Launches $108M Fund to Boost Blockchain Adoption
Mantra has launched its $108.8 million MANTRA Ecosystem Fund (MEF) to foster blockchain adoption, particularly in real-world asset (RWA) tokenization. The fund, deployed over four years, will support high-potential projects at any development stage, including chain-agnostic initiatives. Backed by investors like Three Point Capital and Amber Group, MEF aims to position Mantra as a leader in Web3 innovation. Additionally, Mantra recently secured a VASP license in Dubai, enabling regulated DeFi operations, and partnered with DAMAC to tokenize $1 billion in assets. Despite a slight dip in its token price, Mantra remains a resilient player in the crypto market.
about Mantra Launches $108M Fund to Boost Blockchain AdoptionEthereum Faces Resistance at 2700 Amid Mixed Market Signals
Ethereum’s recent surge to $2,826 quickly retraced to $2,700, raising concerns about the sustainability of its rally. Despite a record low supply on exchanges and increased whale holdings, traders are cautious, noting a lack of strong demand and a potential test of lower levels before any upward movement. Meanwhile, significant inflows into U.S. Spot Ethereum ETFs and a spike in large transaction volumes indicate growing interest, even as daily active addresses decline.
about Ethereum Faces Resistance at 2700 Amid Mixed Market SignalsBrevan Howard Digital Invests in Kinto to Enhance Institutional DeFi Access
Brevan Howard Digital has invested $20 million in Kinto, an Ethereum-based platform designed to facilitate institutional participation in decentralized finance (DeFi) while ensuring compliance with KYC and AML regulations. Kinto’s on-chain mining program will operate for 10 years, offering decreasing rewards, and aims to bridge the gap between traditional finance and blockchain technology. As interest in DeFi grows among financial institutions, this move positions Brevan Howard as a pioneer in the evolving landscape of finance.
about Brevan Howard Digital Invests in Kinto to Enhance Institutional DeFi Access