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Crypto

Digital Asset raises $355 million led by a16z at $2 billion valuation

Digital Asset Holdings raised $355 million at a valuation of about $2 billion. The funding round was led by a16z Crypto, which invested $100 million, with participation from 7RIDGE, Abu Dhabi Investment Authority, Citadel Securities and Optiver. Digital Asset plans to use the proceeds to expand the Canton Network, which supports financial institutions in tokenising and settling securities without disclosing sensitive commercial data.

Crypto

Bitwise lists BWCC Canton Network ETP on Germany\'s Xetra to broaden institutional access

Bitwise Europe listed an exchange-traded product linked to Canton Network’s native token CC on Deutsche Boerse’s Xetra in Germany. The product, Bitwise Canton ETP with ticker BWCC, tracks Kaiko’s CANTO Reference Rate LDNLF index and charges an annual fee of 0.85 percent. The CC tokens are held by the issuer and kept in cold storage with 100 percent collateral, allowing trading through standard brokerage accounts without a crypto wallet.

Mobility

EV battery prices fall but insurance premiums surge, becoming a hurdle to adoption

Rapid rises in car insurance premiums and repair costs in Europe are weakening the cost-saving appeal long seen as a key advantage of switching to electric vehicles, an analysis shows. While battery prices keep falling and the EV market grows, surging insurance and maintenance expenses, shortages in charging infrastructure and added strain on power grids are emerging as hurdles. Oil price gains support demand, but wider adoption may hinge on costs, chargers and grid integration.