Major capital continues to concentrate around core infrastructure, with large funding rounds, ETF expansion, and system-level upgrades, alongside stablecoin integration and moves into regulated markets.

🔎 Recent Updates & Developments

– Circle raised $222M for Arc at $3B valuation, backed by BlackRock, Goldman Sachs and 100+ institutions  

– Digital Asset seeks $300M at $2B valuation led by a16z to scale Canton Network for institutions  

– 21Shares launched Hyperliquid ETF on Nasdaq, providing direct HYPE exposure with physical backing and staking  

– Wells Fargo increased Ethereum ETF holdings by 63% to 1.1M shares, expanding crypto exposure  

– Elliptic raised $120M Series D backed by Nasdaq Ventures, Deutsche Bank and J.P. Morgan to scale compliance  

– LayerZero removed 1/1 DVN setups after exploit concerns, triggering ~$2B TVL migration to Chainlink  

– Coinbase became Hyperliquid’s USDC deployer, replacing USDH as native stablecoin infrastructure  

– OKX is in talks to acquire ~20% stake in Coinone, targeting regulated South Korean market access