Crypto Research

DEAL OF THE WEEK FalconX, a digital asset platform for institutions, raised $150M in a Series D funding round at a valuation of $8.0B. The funding round was led by Singaporean wealth fund GIC as well as B Capital and included new and existing investors. New investors include private equity firm Thoma Bravo and Adams Street Capital, and existing investors include Tiger Global Management and Wellington Management. FalconX offers institutions...

Following the decrease in liquidity in the public markets, venture funding continued to drop lower this week. Weekly funding made a new low of 2022 with total deals declining from 28 deals to 24 deals and total amount funded dropping from $410M to $284M. Similar to last week, CeFi funding remained relatively strong and was the most funded segment of the week at $84M. Interestingly, Metaverse and Gaming saw a...

THE BLOODBATH The bloodbath that has persisted for the better part of the past seven months continued this weekend, with the market shedding an additional $200 billion in total market cap, falling below the $1 trillion mark for the first time since late 2020. Yesterday was the single biggest decline for bitcoin (-16%) since March 2020. At the time of writing (early morning hours of June 14th), there have been...