The funding will support expansion of enterprise payment and settlement services across Latin America, the United States and Asia. VelaFi, a stablecoin-based financial infrastructure company under Galactic Holdings, has raised $20 million in a Series B round to support the expansion of its enterprise payments and settlement services across Latin America, the United States and Asia. According to Monday’s announcement, the round was led by XVC and Ikuyo, and brings the company’s total funding to more than $40 million. Founded in 2020, VelaFi provides payments infrastructure that connects local banking systems, global transfer networks and stablecoin protocols. Its services include fiat on- and off-ramps, cross-border payments, foreign exchange workflows and multi-currency treasury operations, which are offered through its platform and via APIs. Read more
Bitcoin and several major altcoins bounced off their strong support levels, but charts and trading volume suggest bears will continue to sell at the range highs. Key points: Bitcoin may reach the $94,789 level, where the bears are expected to step in. Select major altcoins are showing strength, indicating that the recovery may continue for some more time. Read more
Binance Research said crypto markets are entering a new phase, as institutional allocation and strategic positioning begin to outweigh retail-driven momentum. Despite a weak finish to 2025 for digital asset markets, the sector appears to be undergoing a structural shift, moving away from retail-led momentum trading toward one increasingly shaped by institutional capital flows and long-term strategic positioning. That was a key takeaway from a recent macro weekly report by Binance Research, which pointed to a “structural pivot” underway across digital asset markets. The report highlighted potential drivers including sovereign accumulation in emerging markets and legislative efforts in the United States to establish a strategic digital asset reserve. Following the approval of US spot Bitcoin (BTC) exchange-traded funds in early 2024, the market has now entered what Binance Research described as a “second round” of institutional adoption, characterized by deeper engagement from traditional financial institutions...