Here is what we have in store in this Market Summary:
1. Elliptic raises $120M as AI adoption reshapes crypto security
2. Galaxy Digital to manage Sharplink’s new $125M onchain yield strategy
3. Starknet launches strkBTC for shielded bitcoin activity on Starknet
4. MoonPay prepares AI trading tools for prediction markets after Dawn Labs acquisition
5. Coinbase introduces Solana-backed borrowing through Morpho integration
Elliptic raises $120M to expand crypto security infrastructure
Elliptic has raised $120M in a funding round backed by Nasdaq, Deutsche Bank, and several institutional investors.
The company provides blockchain analytics and crypto compliance tools used by financial institutions, exchanges, and regulators. The new funding comes as firms across the sector increase spending on AI-powered monitoring and transaction analysis infrastructure.
Read the full article by CoinDesk here
Galaxy Digital to manage Sharplink’s $125M onchain yield strategy
Galaxy Digital will manage a new $125M onchain yield initiative launched by Sharplink.
The strategy focuses on generating yield through blockchain-based financial infrastructure and onchain lending opportunities. Sharplink recently became involved in the broader DeFi United recovery effort tied to the Kelp DAO exploit.
Read the full article by CoinDesk here
Starknet launches strkBTC on Layer 2 network
Starknet has launched strkBTC, a bitcoin-focused asset designed to bring shielded bitcoin activity onto its Layer 2 network.
The product uses zero-knowledge technology to support more private bitcoin transactions and activity within Starknet’s ecosystem. The launch is part of broader efforts to expand bitcoin utility beyond basic transfers and storage.
Read the full article by The Block here
MoonPay expands into AI-powered prediction market trading
MoonPay is launching an AI agent tool for prediction market trading following its acquisition of Dawn Labs.
The tool is designed to help users automate trading across prediction market platforms.
Read the full article by The Block here
Coinbase adds Solana-backed borrowing through Morpho
Coinbase has introduced Solana-backed borrowing through an integration with Morpho, allowing eligible users to borrow up to $100k without selling their SOL holdings.
The loans are powered through Morpho’s decentralized lending infrastructure and use Solana assets as collateral. Coinbase said the feature is designed to expand access to onchain borrowing directly through its platform.
Read the full article by The Block here
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Disclaimer:
The content covered in this newsletter is not to be considered investment or financial advice. It is for informational and educational purposes only. The views and opinions expressed in this publication do not reflect those of AP Collective.
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