Meet the leaders shaping crypto in 2025 (BlackRock, Tether, Ethereum, Solana and EigenLayer) and what’s next on ETFs, stablecoins and restaking. Power in crypto has shifted from traditional players to five forces driving onchain finance and control. These forces are stablecoins, ETFs, base-layer upgrades, blockspace security and high-throughput execution. Traditional gatekeepers like exchanges and regulators now play a lesser role. Read more
RARI Foundation’s Anna Riabokon told Cointelegraph that licensing revenue and fee buybacks will sustain the platform’s rewards program. Non-fungible token (NFT) marketplace Rarible launched a redesigned trading platform on Tuesday and rolled out a new system that directs transaction fees into token buybacks. Rarible told Cointelegraph that the model, which redistributes tokens to active traders, is intended to create a sustainable alternative to earlier NFT marketplace incentive schemes that relied on fixed token allocations. “Previous designs in the NFT marketplace ecosystem were not sustainable,” Anna Riabokon, head of operations and governance at the RARI Foundation, told Cointelegraph. Read more
Coincheck is expanding into the European Economic Area by acquiring Paris-based institutional crypto brokerage Aplo, with the deal expected to close in October. Major Japanese crypto exchange Coincheck is expanding into the European Economic Area (EEA) by acquiring Paris-based Aplo, a regulated digital asset brokerage for institutional investors. According to a Tuesday announcement, Coincheck entered a stock purchase agreement to acquire Aplo. As part of the deal, all issued and outstanding shares of Aplo are to be exchanged for newly issued ordinary shares of Coincheck. The acquisition is expected to close in October. The exchange said the acquisition is “the first step of an important component of Coincheck Group’s stated mission” of making “acquisitions for retail and institutional crypto businesses outside of Japan.” Read more
Michael Saylor’s Strategy announced a $449 million Bitcoin purchase made last week, bringing total BTC buys in August to just 7,714 BTC. Michael Saylor’s Strategy, the world’s largest public company holding Bitcoin, purchased more BTC as the price slipped below $108,000 last week. Strategy acquired 4,048 Bitcoin (BTC) for $449.3 million between Aug. 25 and Monday, according to a US Securities and Exchange Commission filing on Tuesday. Strategy’s latest Bitcoin purchase was made at an average price of $110,981 per BTC, as the crypto asset briefly surged above $113,000 and subsequently dropped below $108,000 on Friday, according to CoinGecko. Read more
Kite AI raised $18 million in a Series A round led by PayPal Ventures, bringing its total funding to $33 million to build decentralized infrastructure for AI agents in web3. Decentralized AI infrastructure provider Kite AI raised $18 million in its Series A funding round led by PayPal Ventures, bringing total cumulative funding to $33 million. According to an announcement shared with Cointelegraph on Tuesday, other investors in the company include 8VC, Samsung Next, SBI US Gateway Fund, Vertex Ventures, Hashed, HashKey Capital, Avalanche Foundation, LayerZero, Animoca Brands and more. In February, Kite launched the testnet of its AI-centric layer-1 blockchain, based on Avalanche (AVAX), aiming to enhance scalability and data processing while providing centralized coordination for artificial intelligence (AI) workflows. Kite aims to leverage distributed infrastructure to power agentic AI infrastructure, envisioning AI agents as a new user category in the Web3 ecosystem. AI agents are autonomous software progra...
Ethereum-focused firm The Ether Machine secured $654 million in private financing from Jeffrey Berns, aiming to go public with over 495,000 ETH on its books. Crypto company The Ether Machine secured $654 million in a private financing round, collecting 150,000 Ether from prominent Ethereum advocate Jeffrey Berns. The funds will be transferred to the company’s wallet later this week, according to a Tuesday report by Reuters. Berns, known for his early investments in Ethereum infrastructure and Web3 initiatives, will join the board of directors. The raise is part of the company’s broader strategy to build a substantial Ether (ETH) treasury ahead of its anticipated Nasdaq debut later this year. Read more