Kraken in talks to buy 15% stake in DeFi lender Aave at $385 million valuation
The DeFi lender is rebuilding after the fallout from April’s KelpDAO exploit sparked a multibillion-dollar exodus of deposits despite Aave itself not being hacked.
mergers and acquisitions
Crypto investment firm Keyrock is acquiring bankrupt lender Blockfills
The Brussels-based digital asset services firm plans to purchase BlockFills months after the Chicago-based company filed for Chapter 11 bankruptcy, if a court approves.
OKX Ventures buys $53 million stake in Korea’s Coinone exchange
The crypto exchange’s investment arm and Korea Investment & Securities will each invest 80 billion won ($53 million) as Coinone pushes into stablecoins and tokenized securities.
Samsung units to buy $408 million stake in South Korea’s biggest crypto exchange
Samsung Securities is set to take a 2% stake in Dunamu, worth over $200 million, from affiliates of technology conglomerate Kakao.
Crypto custody firm Copper is looking to sell the company for $500 million
Cantor Fitzgerald has been appointed to help with the sale, according to sources.
Zerohash pursues new funding at more than $1.5 billion valuation after Mastercard drops investment plans
Crypto infrastructure providers are drawing renewed investor interest as Wall Street deepens its push into digital assets.
OKX, Korea Investment and Securities said to be in talks for 40% of Coinone
OKX’s planned move into the South Korean market would echo that of Binance, which completed its acquisition of Seoul-based Gopax last year.
Potential buyers are circling Winklevoss-backed crypto exchange Gemini
Interested parties are considering buying select parts of the business, particularly its shuttered European operations, to secure regulatory licenses, rather than pursuing a full takeover.
Trump Family Expands Crypto Bets as Thumzup Pivots Into Dogecoin Mining
The Trump family’s crypto footprint is widening, and now dogecoin is part of the mix.
Smart Valor Is Conducting a Strategic Review That May Lead to Sale of the Company
Bids for the Swiss crypto firm are due by Jan. 24, people close to the process said.