Kraken has acquired #Magna , a leading token management platform used by crypto-native teams to manage vesting, claims, distributions, and related operational workflows. It marks the exchange’s sixth deal in the past year, including its $1.5B acquisition of the U.S. futures platform #NinjaTrader in March.
Sai announces the launch of its perpetual platform
#Sai has launched #SaiPerps , a perpetual trading platform built to be as fast and intuitive as a centralized exchange with the transparency and self-custody of onchain settlement. Sai also launched Let’s Go Saicho, a one-month on-chain trading contest from February 18th to March 19th, offering $25,000 in prizes. The competition has two phases: a PNL contest for profitable traders and a “Be Early” phase rewarding early participants who meet a minimum trading volume.
Hyperliquid announces the launch of the Hyperliquid Policy Center
#Hyperliquid has launched the #HyperliquidPolicyCenter , a nonprofit research and advocacy organization dedicated to promoting regulatory clarity and helping decentralized finance flourish in the United States. The Hyperliquid Policy Center will produce in-depth technical research, provide insights on proposed regulations and legislation, and act as a key resource for policymakers seeking a clear understanding of how #DeFi operates.
MYX Finance secures funds in a Strategic funding round
#MYXFinance secures funds in a Strategic funding round led by Consensys, with participation from Consensys Mesh and Systemic Ventures. The funding will back the launch of MYX’s Modular Derivative Settlement Engine, signaling the platform’s evolution into a core infrastructure layer for omnichain derivatives.
MYX Finance is a non-custodial, decentralized derivatives exchange that enables high-leverage trading of perpetual futures on-chain.
Zora announces the launch of attention markets on Solana
#Zora launches attention markets on #Solana , where users can trade tokens tied to internet trends, memes, and cultural moments. The feature allows anyone to launch a new market for 1 $SOL . It allows users to trade positions speculating on whether a topic will gain or lose momentum across social media.
Zora is a decentralized, on-chain social platform and #Layer2 network that tokenizes media and social trends, allowing users to trade, mint, and invest in content, memes, and cultural moments.
#Novig secures $75M in a Series B funding round led by Pantera Capital, bringing its valuation to $500M. The company is currently seeking a license from the U.S. Commodity Futures Trading Commission, which is expected to be granted within six months.
Novig is a sports prediction market that eliminates the need for traditional sportsbooks by creating a two-sided marketplace.
Elemental Royalty announces its first dividends in Tether Gold
#ElementalRoyalty is now offering shareholders a first-of-its-kind option to receive dividends in blockchain-based, gold-backed tokens. Shareholders who opt in will receive dividends in Tether's #XAUT instead of fiat, gaining direct exposure to gold prices along with the flexibility of digital settlement.
Elemental Royalty is a Vancouver-based gold-focused streaming and royalty company with a global portfolio of 16 producing assets and over 200 royalties.
#Scroll has acquired #Honeypop , a decentralized finance protocol designed to provide foundational ecosystem infrastructure. Following the acquisition, Honeypop is being split into two separate protocols: #ScrollSwap, the AMM, which is now live, and #ScrollLend, a #Morpho-powered lending market launching soon.
Scroll is a #Layer2 scaling solution for #Ethereum that aims to enhance transaction speed and reduce costs while maintaining security. It utilizes zk-rollups, a technology that bundles multiple transactions into a single one, allowing for faster processing and lower fees.
Organizations continue to expand their Ethereum holdings, solidifying cryptocurrency's role in traditional financial markets. Total strategic $ETH reserve holding by these organizations now amounts to 7.06M $ETH ($14.04B), representing 5.84% of the total token supply. As the market matures, these holdings underscore the evolving relationship between traditional institutions and digital assets.
#Dragonfly raised $650M for its fourth crypto fund, focusing its investments on stablecoins, on-chain financial infrastructure, and the tokenization of real-world assets. This fundraising comes at a time when many other venture funds are pulling back on new crypto bets, yet Dragonfly sees ongoing opportunity in financialization and real-world asset integration via blockchain.
👉 x.com/hosseeb/status/2023748111160791181
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