The BNP-backed brokerage infrastructure provider is expanding into tokenized markets and AI-native financial services as both DeFi and TradFi companies pursue onchain business. Brokerage infrastructure provider Alpaca said Thursday that it raised $135 million in a funding round led by Peak XV, along with as much as $300 million in debt financing from Kraken parent Payward and BMO. A January Series D round pulled in $150 million that brought the fintech’s value to $1.15 billion, according to the statement. Earlier investors include the venture capital arm of BNP Paribas. Alpaca said it will use the new financing to accelerate its agent-first brokerage and API-first prime brokerage infrastructure. Read more
Users spent a record $324 million on onchain gacha in June, even as Bitcoin hit a 21-month low. The thrill of scoring a top Pokemon card from a random pack is becoming big business June 2026 was brutal for the crypto market. Bitcoin (BTC) fell more than 20%, hitting a 21-month low, while spot Bitcoin ETFs saw a record $4.5 billion in outflows. That did not stop users from spending a record $324 million on onchain gacha during the month, according to Blockworks Research. A year earlier, the monthly figure was closer to $50 million. Spending hit a new all time high in the depths of a bear market. While crypto prices were tanking, people were opening more and more packs of tokenized Pokémon cards — driven by the thrill, the hope of a profit or the urge to expand a collection. It’s an entire randomized Real World Asset (RWA) sector that’s flown under the radar… until now. Read more
Prediction markets reached a record $113.8 billion in notional volume in Q2 as spot CEX trading, derivatives volume and stablecoin market cap declined. Cryptocurrency markets struggled broadly in the second quarter of 2026, with declines across stablecoins, spot trading and derivatives, but prediction markets reached record highs. Spot trading volume across the top 10 centralized exchanges (CEXs) fell to $1.95 trillion in the second quarter of 2026, a 27.9% drop from $2.7 trillion in Q1, according to CoinGecko’s latest Crypto Industry Report published Thursday. CEX perpetual futures volume also declined 10% to $12.7 trillion, while the stablecoin market slipped 1.6% to $305.1 billion. In contrast, prediction markets recorded their strongest quarter on record with $113.8 billion in notional volume. Read more
MoonPay acquired Glide, a crypto infrastructure startup founded by former Robinhood Wallet engineers, to expand cross-chain crypto deposit infrastructure. MoonPay has acquired the crypto infrastructure startup Glide, integrating Glide’s deposit and routing technology, the companies said in a joint announcement shared with Cointelegraph on Thursday. MoonPay, a financial technology platform that provides fiat-to-crypto payment services, said the deal is part of MoonPay’s broader effort to become a digital asset infrastructure provider, adding capabilities beyond its original crypto payments business. Glide was founded in 2023 by Tushar Soni and Qinyu Tong, former members of the team behind Robinhood Wallet. The company was founded to help applications accept deposits from different tokens, wallets, exchanges and payment sources. Glide supports more than 100 tokens across 30 blockchain networks, according to the platform’s documentation. Read more
The market capitalization of tokenized stocks rose to a record $2.3 billion, as investors sought exposure to the growing list of tokenized equity products launched by cryptocurrency exchanges. The global market capitalization of tokenized stocks rose to a record $2.3 billion on Wednesday, as more investors sought exposure to blockchain-based equity products. The Ethereum network boasted the largest market share, at 34%, followed by BNB Chain with 30% and the Solana network with 23%, data aggregator Token Terminal shared in a Wednesday X post. The largest increase came from Kraken exchange’s xStocks, which accounted for $507 million worth of tokenized stocks and Binance’s bStocks, with $334 million. Ondo Finance remained the largest tokenized stock issuer with $955 million in onchain equities, according to Token Terminal data. Read more
The global task force said criminal networks are using stablecoins and developing proprietary tokens to evade asset freezes as countries struggle to enforce crypto AML rules. The Financial Action Task Force (FATF) warned that criminals are increasingly exploiting stablecoins for illicit finance, with most identified onchain criminal activity now involving the dollar-pegged cryptocurrencies. In its latest report published Thursday, the global anti-money laundering watchdog said criminal networks have also begun developing proprietary stablecoins designed to resist freezing and asset seizures. The FATF urged jurisdictions to accelerate implementation of crypto AML standards as illicit actors exploit regulatory gaps. Read more