By Marco Piccolo Key highlights: Andre Cronje’s new project Flying Tulip raises $200 million in seed funding, valuing the platform at a $1 billion fully diluted valuation. The platform will feature a unified DeFi ecosystem with spot trading, derivatives, lending, stablecoins, and insurance. Investors receive downside protection through an “onchain redemption right,” while the team […]
Tag: FT
By Marco Piccolo Key highlights: Avalanche Foundation is planning to raise $1 billion through two digital asset treasury companies in the U.S. The initiative involves a $500M private investment and a $500M SPAC deal, with both vehicles aiming to acquire discounted AVAX tokens. The move aligns with a broader trend of public firms transforming into […]
By Emir Abyazov Brokerage firm Cantor Fitzgerald is planning an investment plan to invest the equivalent of $3 billion in Bitcoin. The initiative will be implemented in conjunction with SoftBank, Tether, and Bitfinex. The company is currently led by Chairman and CEO Brandon Lutnick, the son of former executive Howard Lutnick, who previously stepped down […]