# Funding Related Articles

From FTX fallout to fresh capital: Former US chief raises $35M for new exchange

Brett Harrison, former president of FTX US, has raised $35 million for his new derivatives exchange, Architect Financial Technologies. The platform targets institutional traders with services spanning derivatives, equities, futures, and digital assets. This follows a previous $12 million funding round in 2024. Architect recently received regulatory approval in Bermuda to offer perpetual futures tied to traditional assets like stocks and commodities. The company plans to expand into Europe and Asia-Pacific. The funding highlights continued venture interest in crypto-linked derivatives, which dominate crypto trading volume but also contribute to market volatility, as seen in recent large liquidation events.

cointelegraph12/23 21:37

Ethena [ENA] under pressure – Will sellers force one last drop to $0.1315?

ENA remains under pressure after a major holder deposited 16.86 million tokens into Coinbase Prime, realizing an estimated $15 million loss. Despite the sell-side liquidity, price action near $0.14–$0.15 remained controlled, suggesting absorption rather than panic selling. However, the scale of losses reflects holder exhaustion. Technically, ENA trades within a descending channel, with sellers in control. RSI below 40 indicates weak momentum, and a drop toward the $0.1315 support zone is possible. A reclaim above $0.165 is needed to break the bearish structure. Despite price weakness, Spot Taker CVD remains positive, showing accumulation during declines, though demand appears defensive. Funding rates turned slightly positive, suggesting reduced liquidation risks but lacking bullish conviction. Liquidation maps show concentrated short leverage above $0.20, meaning upward moves could trigger significant liquidations. Overall, ENA remains biased downward, with a test of $0.1315 likely before any meaningful rebound. Recovery requires strong hold of support and a channel breakout.

ambcrypto12/23 14:02

Polymarket bets surge on Lighter airdrop as Hyperliquid lists LIT

Lighter, a perpetual decentralized exchange (perp DEX) and rival to Hyperliquid, is generating significant airdrop speculation. A core contributor announced the platform is finalizing its token generation event (TGE), including removing Sybil and wash-trading points from its Season 2 rewards program. Hype intensified when Hyperliquid listed the yet-to-launch LIT token. Lighter opened an airdrop allocation form, allowing users to direct tokens to additional wallets, with submissions accepted until Friday. The transfer of 250 million LIT tokens (25% of supply) further fueled expectations. On prediction market Polymarket, the odds of an airdrop occurring by December 31st have surged to 86%, with $9.5 million in betting volume. Lighter recently raised $68 million in a round led by Founders Fund and Ribbit Capital.

cointelegraph12/23 12:58

The Hidden Realities and Concerns Behind Web3 Unicorn Phantom

The Web3 unicorn Phantom, valued at $3 billion, has navigated a challenging 2025 in the crypto wallet market. While its user base grew to nearly 20 million monthly active users and assets under custody surpassed $25 billion, its market share in embedded swaps plummeted from 10% to just 0.5%, as users migrated to exchange-linked wallets offering lower fees and stronger incentives. Phantom, which started on Solana and expanded multi-chain, remains heavily dependent on the Solana ecosystem, with 97% of its swap transactions occurring there. This has posed risks as Solana's TVL declined over 34% from its peak. In response, Phantom has aggressively pursued new product lines to diversify revenue and usage. Key launches include its native stablecoin CASH, which surpassed $100 million in supply; a Phantom-branded debit card for spending crypto in the U.S.; the acquisition of trading tools like Solsniper; integration of a prediction market with Kalshi; and the release of a free SDK, Phantom Connect, for easier dApp onboarding. CEO Brandon Millman emphasizes focusing on product over token launches or an IPO, aiming to make crypto a tool for everyday payments. However, the path is competitive, with MetaMask having already launched a similar card in more regions. The success of Phantom's debit card and the sustainability of its stablecoin remain to be proven as it battles to define the future of independent non-custodial wallets.

marsbit12/23 12:08

Weekly Funding Roundup | 11 Projects Secured Funding, Total Amount Reaches $301 Million (Dec 15-21)

According to Odaily Planet Daily, from December 15 to December 21, 2025, the global sector witnessed 11 disclosed blockchain financing rounds, raising a total of $301 million. This marks a significant increase from the previous week's $85.1 million across 8 deals. The largest single funding round was secured by Hong Kong-based fintech firm RedotPay, specializing in stablecoin payments, which closed a $107 million Series B led by Goodwater Capital. Following closely, the Solana-based DePIN project Fuse Energy raised $70 million in a Series B round, valuing the company at $5 billion. Other notable financings include a $50 million round for MetYa, a $30 million Series A for Singaporean trade finance platform Olea, a $13 million Series B for decentralized broadband protocol DAWN, and a $12 million seed round for Ethereum block space futures market ETHGas. DePIN and payment infrastructure projects showed particular momentum this week.

marsbit12/23 08:18

Bitpush Daily News Digest: Sources say Trump may appoint new Fed chair in first week of January next year; Spot gold breaks above $4,450/oz, hitting new all-time high; Coinbase to acquire prediction market startup The Clearing Company

Bitpush Daily News Digest: Sources indicate that former President Trump may appoint a new Federal Reserve Chair in the first week of January 2026. Spot gold reached a new all-time high, surpassing $4,450 per ounce. Coinbase announced its acquisition of prediction market startup The Clearing Company, though the financial terms remain undisclosed. TD Cowen affirmed a "buy" rating for MicroStrategy (MSTR) with a $500 price target, citing strong liquidity preparations for a potential extended crypto downturn. Fintech firm Erebor raised $350 million at a $4.35 billion valuation and secured an FDIC bank charter. Additionally, Tether CEO Paolo Ardoino hinted at the upcoming launch of USAT, a new stablecoin compliant with U.S. regulations, developed in partnership with Anchorage Digital.

比推12/22 23:34

Palmer Luckey’s Erebor hits $4.3B valuation as regulators advance bank charter

cointelegraph12/22 22:51

Funding Weekly Report | 18 Public Funding Events, Hong Kong Stablecoin Payment Platform RedotPay Completes $107 Million Series B Funding Led by Goodwater Capital

Last week (Dec 15-21) saw 18 blockchain funding rounds totaling over $299 million. Key deals include RedotPay, a Hong Kong-based stablecoin payment platform, raising $107 million in a Series B led by Goodwater Capital. In DeFi, ETHGas raised $12 million for an Ethereum block space futures market. The AI sector had one deal with TestMachine securing $6.5 million. Infrastructure & tools saw 4 deals, including Speed's $8 million round led by Tether. CeFi was active with 6 deals, highlighted by Hilbert Group's $32 million acquisition of Enigma Nordic. DePIN projects Fuse Energy and DAWN raised $70 million and $13 million respectively. Prediction markets worm.wtf and Space raised $4.5 million and $3 million.

marsbit12/22 03:04

Klarna partners with Coinbase to accept stablecoin funding from institutions

Klarna, a Swedish fintech company, has partnered with Coinbase to enable institutional funding through USDC stablecoins. This new initiative allows Klarna to raise short-term capital from a new class of institutional investors using Coinbase's crypto services, complementing its traditional funding sources like deposits and commercial paper. The company's CFO highlighted the potential for diversification. This institutional effort is separate from Klarna's future consumer-facing crypto plans, which may include wallets and are targeted for 2026. Klarna also recently launched its own dollar-pegged stablecoin, KlarnaUSD, on the Tempo testnet, with a mainnet launch planned for 2026.

cointelegraph12/21 12:30

NIGHT rallies 24% as traders rush in ahead of AirDrop, but risks remain

NIGHT surged 24% as traders rushed in ahead of its airdrop announcement, which began on December 10 and will distribute 4.5 billion tokens. Trading volume spiked to $5.03 billion, with Bybit and Binance dominating activity. Despite bullish momentum and over $50 million in new capital inflows, risks remain. Funding rates and open interest data indicate short positions dominate, though shorts have incurred significant losses. Additionally, the number of token holders declined, and high wallet concentration persists—94.13% of the supply is held by just 10 wallets, raising concerns over long-term stability if large holders sell.

ambcrypto12/21 12:02