Crypto companies looking to raise funds set a new record, reaching $3.5 billion in a single week last week, before the market crashed on Friday. Crypto fundraising reached an all-time high last week, with a record $3.5 billion raised across 28 funding rounds. Cryptorank data showed on Monday that weekly fundraising reached its highest point from Oct. 6 to Sunday, surpassing all previous peaks, including the nearly $3 billion raised July 28 to Aug. 3. The surge came after seven consecutive weeks of sub-$1 billion fundraising activity, marking a sharp resurgence in investor confidence. Over the last six months, weekly fundraising fluctuated from $150 million to $2.9 billion, underscoring the volatility of venture activity in the crypto space. October’s sudden surge represents a significant breakout. Read more
Lion Capital (formerly known as SIF Banat-Crisana) has exceeded the 5% ownership threshold in Banca Transilvania (stock symbol: TLV), the largest credit institution in Romania, per a stock market report released on October 13.
A sovereign crypto fund surprised markets by making its first investment in BNB, rather than Bitcoin. This is a big, bold move in Kazakhstan’s strategy. Kazakhstan has launched the Alem Crypto Fund, a state-backed initiative aimed at building long-term digital asset reserves. Managed by Qazaqstan Venture Group and operating under the AIFC, the fund marks a significant step in the country’s regulated adoption of blockchain-based investments. Surprisingly, the fund’s inaugural purchase was not Bitcoin (BTC) but BNB (BNB), the native token of the BNB Chain. Through a strategic partnership with Binance Kazakhstan, a local entity licensed under the Astana International Financial Centre (AIFC) regime, the fund was able to secure custody and align with compliance frameworks from the outset. Read more