Beyond the Crypto Horizon investigates the changing world of cryptocurrencies through project research, news aggregation, and weekly fundraising updates.
Mexico’s national statistics institute (Inegi) has released its latest global indicator of economic activity (IGAE), revealing a slight boost for the country’s economy in April.
Germany’s closely-watched IFO index, which measures business optimism in the country, rose in June despite wider geopolitical uncertainty. Firms rated the business climate at 88.4, the sixth consecutive monthly rise, and a notch up from the 87.5 reading seen in May.
Jerome Powell: The US is not in recession. Rate cuts will continue when the time is right, banks can engage in crypto, and tariff-driven inflation may pick up from June.
Germany and Italy are facing growing pressure to repatriate their gold held at the Federal Reserve in New York.
Aptos Labs and Jump Crypto have introduced a cloud-based storage network tailored for Web3 and decentralized applications — a system its creators say rivals traditional cloud services.
Anchorage Digital is adding DeFi capabilities to its Porto wallet, enabling institutions to make swaps and access liquidity through the product. The move brings another wallet option to institutional investors.
Ledger has introduced an offline tool for private key recovery to help users regain access to their crypto wallets without relying on cloud-based services or personal data.
Chainlink and Mastercard have partnered to enable over 3 billion Mastercard holders to purchase cryptocurrencies directly on-chain.
$260B Baillie Gifford launches UK’s first FCA-approved tokenized fund on Ethereum.
Central Asia’s first Solana Economic Zone launches in Kazakhstan.
Fiserv to launch $FIUSD stablecoin & digital asset platform by year-end, partnering with Circle, Paxos & Solana to enable token payments across 10K banks & 6M merchants.
A short list of the upcoming TGEs, primary listings, product releases you should know about.
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Projects that will potentially launch their mainnet in Q3:
Méliuz recently acquired 275.43 $BTC for $28.61 million. They now hold 595.67 $BTC, making it Latin America’s largest publicly listed corporate holder of Bitcoin.
ProCap BTC purchased 3,724 Bitcoin at an average price of $103,785 and plans to invest up to $1 billion in the largest cryptocurrency.
Bitdeer now holds 1,445.8 $BTC after adding 36.9 $BTC last week.
Bitget partners with MotoGP becoming Regional Partner for key races in Europe & Southeast Asia, putting crypto on the fast track to mainstream adoption.
Saylor’s Strategy adds 245 Bitcoin for $26M at $105.8K each, now holds 592,345 $BTC worth $41.87B.
Fidelity adds 1,005 $BTC ($105.7M) and 27,175 $ETH ($60.5M) to its crypto treasury.
VMS Group, which has $4 billion in assets under management, plans to start investing in cryptocurrency.
Regulations
Top US senators have shared the outline of what they’re after in the effort to establish rules of the road for domestic crypto markets, releasing a set of principles on Tuesday as they prepare to further hash out their intentions in an afternoon hearing.
Texas has become the first US state to establish a publicly funded bitcoin reserve after Governor Greg Abbott signed Senate Bill 21 into law. The state will allocate $10 million to purchase bitcoin, setting it apart from other states like Arizona and New Hampshire, which have not funded their reserves.
Texas enacts SB1498 into law, a bill to allow the state to seize Bitcoin and digital assets linked to certain criminal offenses.
The SEC delays 21Shares spot Polkadot ETF.
Japan’s Financial Services Agency has proposed classifying crypto under the Financial Instruments and Exchange Act. A major shift that could legalize Bitcoin ETFs and replace the current 55% progressive tax with a flat 20% on crypto gains.
President Trump’s admin may issue executive order to stop banks from cutting off crypto firms, aiming to end Operation Chokepoint 2.0, per WSJ.
Director, US Federal Housing Finance Agency (FHFA): we will explore the use of cryptocurrency assets in the context of obtaining mortgage loans.
Turkey tightens cryptocurrency regulations, verifying the source and purpose of transfers.
Jerome Powell: Banks can provide banking services to the cryptocurrency industry and conduct related business as long as the financial system is safe and sound.
Grayscale filed the latest version of its S-1/A filing for the Solana Spot ETF (Grayscale Solana Trust) and disclosed in the document that the trust product’s management fee is 2.5%.
Fundraising and M&As
Veda has raised $18 million to accelerate the adoption of its vault platform, which enables asset issuers to build crosschain yield products, including yield-bearing stablecoins.
GTE raised $15M in Series A funding led by Paradigm, aiming to become the fastest decentralized exchange and rival major players like HyperLiquid, Uniswap, and PancakeSwap.
Digital Asset, the builder of privacy-focused blockchain Canton Network, raised $135 million in a strategic funding round led by DRW Venture Capital and Tradeweb Markets, the companies said on Tuesday.
Polymarket is nearing a $200 million funding round led by Founders Fund, valuing the platform at $1 billion, including $50 million in previously unannounced funding.
Top 7 funding rounds of this week:
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On-chain data
The total $USDT supply on Tron hits a new record high of over $80 billion.
CryptoQuant Network Activity Index is approaching a 4-year low:
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The following tokens with the largest unlock amount will be unlocked next week:
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Since early 2024, North America’s share steadily rose from 38% to 42%, while Europe has made a significant leap from 16% to 34%. Asia, on the other hand, fell sharply: from 33% to 12%.
Beyond the Crypto Horizon investigates the changing world of cryptocurrencies through project research, news aggregation, and weekly fundraising updates.
