The Series B extension values the New York–based crypto infrastructure company at about $1.5 billion and includes backing from institutional investors. Digital asset infrastructure provider Talos raised a $45 million extension to its Series B funding round, valuing the company at about $1.5 billion. The extension included new strategic investors such as Robinhood Markets, Sony Innovation Fund, IMC, QCP and Karatage, alongside returning investors a16z crypto, BNY and Fidelity Investments, according to the company. "We extended our Series B round to accommodate interest from strategic partners,” said Talos CEO Anton Katz. Talos said proceeds will be used to expand product development across its trading, portfolio management, execution, treasury and settlement tools and to support tokenized traditional assets on its platform. Read more
Futures market liquidations, a sharp sell-off in US stocks and limited progress on talks to fund the US government are taking a toll on Bitcoin price Thursday. Is $80,000 the next stop for BTC? Bitcoin’s (BTC) strong start to the year has been fully erased, with its price slipping to a new yearly low below $84,000. Analysts viewed this move as part of a broader corrective phase rather than a structural market breakdown, driven by aggressive futures deleveraging rather than sustained selling in spot markets. Key takeaways: BTC fell to $83,400 and trades in the lower limit of the 10-week consolidation range that has capped its price since Q4. Read more
The chairs of the CFTC and SEC appeared together at a joint agency event Thursday to discuss a unified approach to crypto regulation. Michael Selig, chair of the US Commodity Futures Trading Commission (CFTC), announced that the agency would join the efforts of the Securities and Exchange Commission’s Project Crypto. In remarks prepared for an SEC-CFTC discussion on harmonizing the agencies’ approach to digital assets, Selig said that the CFTC would partner with the SEC on its Project Crypto, an initiative launched in July to establish clarity on regulations for digital assets. According to the CFTC chair, the joint collaboration aims to “advance a clear crypto asset taxonomy, clarify jurisdictional lines, remove duplicative compliance requirements, and reduce regulatory fragmentation.” Read more