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.

Crypto

Wintermute says three conditions for bitcoin rebound met, but trend recovery not yet

Three positive signals supporting the possibility of a short-term rebound in the bitcoin market have emerged, but it is still too early to judge that a full-fledged uptrend has begun, an analysis showed. Wintermute said bitcoin’s ability to hold key support, a shift back to net inflows into U.S. spot bitcoin ETFs, and the market’s absorption of large sales by Strategy point to a short-term bottoming process. It added that sustained inflows and macro stability still need confirmation.