Cryptocurrency Live News & Updates : Plasma and Spiko Secure Major VC Funding
During the week of July 13-19, 2025, $170.3 million was raised in venture capital across 10 projects, with Plasma leading at $50 million and Spiko securing $22 million, highlighting a strong focus on blockchain infrastructure. In a significant week for cryptocurrency funding, a total of $170.3 million was raised across 10 projects, with a notable emphasis on infrastructure. Plasma's $50 million public sale reflects growing investor confidence in scalable blockchain solutions. Meanwhile, Spiko and Dakota are attracting attention for their innovative approaches in traditional finance and real-world asset solutions. In the trading arena, XRP is making headlines as it seeks to break through its $2.22 resistance level, currently trading at $2.43, while Pepeto aims to redefine memecoins with its unique exchange model. Additionally, Bitcoin Standard Treasury Reserve (BSTR) announced plans to merge with Cantor Equity Partners, aiming to acquire approximately 30,000 BTC, which would position it as one of the largest corporate Bitcoin holders. As Bitcoin trades below 118,000 USDT and BNB surpasses 730 USDT, the market remains dynamic, with investors keenly observing these developments and the potential for future growth in the crypto landscape. Show more
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Today
4 hours ago
- India Today
India's rich are swapping gold for bitcoin. Here's Why
For generations, gold has been the crown jewel of wealth for Indian families. From family vaults to wedding gifts, it has symbolised trust, security, and cultural pride. But times are changing, and so is how the wealthy manage their a quiet but noticeable shift is happening. More of India's rich are putting a slice of their gold-backed wealth into shiny new digital coins like DRIVING THE SHIFT?So, what's fuelling this move away from the familiar yellow metal to a digital asset that didn't even exist two decades ago? According to Edul Patel, CEO and Co-Founder of Mudrex, 'Since the US elections last year, interest in crypto has gone up globally, boosting overall confidence. In India, more HNIs and family offices are starting to add crypto to their portfolios — mainly for diversification and as a hedge.''At Mudrex, about 30% of our volumes now come from this group. They usually invest 2–5% in digital assets like Bitcoin, Ethereum, and Solana, these three alone make up nearly 70% of those investments,' he GROWING APPEALWhat makes Bitcoin stand out? Its biggest pull today is rising institutional interest and clearer rules. As the crypto market matures, Bitcoin's wild price swings are also settling down cycle by cycle, making it more attractive for the long Gupta, co-founder of CoinDCX, explains, 'The mindset among wealthy Indian investors is changing, from asking why they should invest in crypto, to how much they should allocate to it in a well-diversified portfolio.'He says trust is growing thanks to big global names like BlackRock launching Bitcoin ETFs. 'Moves like this send a strong signal that Bitcoin is no longer just for tech geeks, it's becoming part of mainstream finance,' Gupta RISK AND REWARDOf course, Bitcoin's journey is far from risk-free. India's wealthy know this. So how do they balance Bitcoin's promise of high returns with its reputation for big swings?Patel says the wealthy treat crypto with measured caution. 'We typically see them allocating no more than 2–5% of their portfolios to digital assets, which reflects a clear understanding of the inherent risks and volatility. This conservative allocation allows them to tap into the potential upside of crypto while maintaining overall portfolio stability,' it Gupta draws a parallel with the early internet boom. 'Investors are selective, focusing on high-conviction assets like Bitcoin, Ethereum, and key Layer 1s, where fundamentals are becoming clearer and institutional interest is deepening.' Many also bring in trusted advisors and build special teams inside family offices to handle crypto safely, he Maradiya, Founder and Chairman of CIFDAQ, says Bitcoin's eye-catching returns are hard to ignore. 'Bitcoin's outsized returns, nearly 70% CAGR over a decade, are drawing HNIs seeking higher growth than gold's conservative 6–8%.''They treat crypto as a high-risk, high-reward slice (5–8%) of their portfolio. Exposure is managed through family offices, professional fund managers, long-term horizons, and diversification across Bitcoin, Ethereum, stablecoins, and Web3 startups. Secure custody and regulated platforms reduce operational risk,' he NEXT-GEN PUSHSo, who's sparking these crypto conversations at India's lavish dinner tables? It's the next points out that next-gen heirs are often the first to raise the idea. 'Being more tech-savvy and open to new asset classes, they're often the ones initiating conversations around crypto,' it added, 'Next-gen heirs are driving digital diversification. They influence family office strategies, push for crypto and other digital assets, and are even embedding them into succession and estate planning.'OLD GOLD, NEW COINSOf course, Bitcoin isn't risk-free. Maradiya warns that its price can swing wildly, its yearly ups and downs are four times bigger than gold's. Plus, there's India's flat 30% tax on crypto gains and a 1% TDS, which can eat into profits. HNIs are tackling this with careful position sizing, secure storage, and professional help to avoid hacks or experts believe it won't replace gold but will sit next to it. Patel believes Bitcoin will become a bigger part of India's wealth plans in the next five years, as better rules and digital infrastructure take shape.'As regulatory clarity improves and digital infrastructure matures, we anticipate a significant rise in allocations toward Bitcoin, especially among younger HNIs and progressive family offices who see it as digital gold for the 21st century,' he agrees gold's emotional and cultural value is unmatched in India, but Bitcoin brings something new: digital, scarce, and borderless. 'It's not about replacing gold, but about diversifying beyond it,' he sees Bitcoin forming 5–10% of HNI portfolios in the coming decade, fuelled by younger investors and new offerings like Bitcoin the end, gold and Bitcoin are unlikely rivals, they're becoming partners. One is timeless, the other is cutting-edge. Together, they show how India's wealthy are blending old and new to shape the future of wealth, one coin at a time.- Ends advertisement
Economic Times
6 hours ago
- Economic Times
Crypto sector breaches $4 trillion in market value during pivotal week
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The crypto sector's market value hit $4 trillion on Friday, according to CoinGecko, marking a milestone that reflects its shift from a nascent asset class to a central part of the global investment landscape.A wave of renewed optimism, regulatory clarity in key markets and rising institutional flows have catapulted the crypto sector to a new valuation U.S. House of Representatives passed a bill on Thursday to create a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens, known as stablecoins, sending the bill to President Donald Trump , who is expected to sign it into law."The arrival of the Trump legislation signaled an about-turn in attitudes towards the crypto industry, but legislators are still exercising some caution," said Derren Nathan, head of equity research, Hargreaves lawmakers also passed two other crypto bills, sending them next to the Senate for consideration. One lays out a regulatory framework for crypto, while the other seeks to ban the U.S. from issuing a central bank digital $4 trillion milestone underscores how far the crypto industry has come from its speculative, fringe origins. With growing interest from asset managers, new exchange-traded products and broader adoption among retail and corporate users, digital assets are increasingly shaping conversations in global a type of cryptocurrency designed to maintain a constant value, usually a 1:1 dollar peg, are commonly used by crypto traders to move funds between tokens. Their use has grown rapidly in recent years, and proponents say they could be used to send payments instantly."The Genius Act will go down in history as a law that served as a foundational step in mainstreaming of crypto as an asset class," said Chris Perkins, president, treasury allocations to bitcoin are also gaining pace, with a growing number of public companies adding the token to their balance sheets as a long-term store of sector was last trading at a combined market value of $3.92 trillion, as bitcoin - the world's largest cryptocurrency - fell 1.8%.Bitcoin crossed the $120,000 mark earlier this week, setting a record. Brokerage Bernstein forecast it could climb to $200,000 by the second-biggest crypto token, was last up 4.5%. It has more than doubled over the past three crypto rally also powered gains in linked equities, with Coinbase and Robinhood climbing to all-time highs on Friday. Shares of the crypto exchange were last up 1%, while the retail trading platform, which also supports crypto trades, gained 3%.Ether-focused stocks also saw broad gains.
Time of India
6 hours ago
- Time of India
Crypto sector breaches $4 trillion in market value during pivotal week
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The crypto sector's market value hit $4 trillion on Friday, according to CoinGecko, marking a milestone that reflects its shift from a nascent asset class to a central part of the global investment landscape.A wave of renewed optimism, regulatory clarity in key markets and rising institutional flows have catapulted the crypto sector to a new valuation U.S. House of Representatives passed a bill on Thursday to create a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens, known as stablecoins, sending the bill to President Donald Trump , who is expected to sign it into law."The arrival of the Trump legislation signaled an about-turn in attitudes towards the crypto industry, but legislators are still exercising some caution," said Derren Nathan, head of equity research, Hargreaves lawmakers also passed two other crypto bills, sending them next to the Senate for consideration. One lays out a regulatory framework for crypto, while the other seeks to ban the U.S. from issuing a central bank digital $4 trillion milestone underscores how far the crypto industry has come from its speculative, fringe origins. With growing interest from asset managers, new exchange-traded products and broader adoption among retail and corporate users, digital assets are increasingly shaping conversations in global a type of cryptocurrency designed to maintain a constant value, usually a 1:1 dollar peg, are commonly used by crypto traders to move funds between tokens. Their use has grown rapidly in recent years, and proponents say they could be used to send payments instantly."The Genius Act will go down in history as a law that served as a foundational step in mainstreaming of crypto as an asset class," said Chris Perkins, president, treasury allocations to bitcoin are also gaining pace, with a growing number of public companies adding the token to their balance sheets as a long-term store of sector was last trading at a combined market value of $3.92 trillion, as bitcoin - the world's largest cryptocurrency - fell 1.8%.Bitcoin crossed the $120,000 mark earlier this week, setting a record. Brokerage Bernstein forecast it could climb to $200,000 by the second-biggest crypto token, was last up 4.5%. It has more than doubled over the past three crypto rally also powered gains in linked equities, with Coinbase and Robinhood climbing to all-time highs on Friday. Shares of the crypto exchange were last up 1%, while the retail trading platform, which also supports crypto trades, gained 3%.Ether-focused stocks also saw broad gains.
