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Crypto

Digital Asset raises additional $10 million from Shinhan Financial, SC Ventures

Digital Asset, developer of the Canton blockchain, has raised an additional $10 million from South Korea’s Shinhan Financial Group and Standard Chartered’s SC Ventures. TheBlock reported the investment increased the company’s ongoing funding round to $365 million from $355 million, at the same $2 billion valuation as the previous round. Digital Asset last month announced a $355 million fundraising led by a16z crypto with participation from major institutions.

Crypto

Coinbase CEO says do not buy coins based on my X posts

Coinbase CEO Brian Armstrong (브라이언 암스트롱) said his personal X account should not be taken as investment advice or a trading signal for individual cryptocurrencies. He said he sometimes does not even know what projects or tokens appear in his posts and that his posts and profile photo do not imply endorsement. He reiterated that Coinbase and Base will not promote specific tokens and outlined ecosystem support measures such as developer programs, grants, investment and product integration.

Crypto

Velocity raises $38 million in Series A to expand enterprise stablecoin infrastructure

Velocity raised $38 million to expand infrastructure that supports stablecoin-based cross-border settlement and treasury operations for companies and financial institutions. The Series A round was led by Dragonfly and FirstMark, with participation from Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures and Ripple. Velocity plans to use the funds to expand banking and payment networks, develop new products and strengthen regulatory response capabilities.