PANTERA CAPITAL
ETtech Deals Digest: Boldfit, GreenCell lead as weekly funding hits $232 million, down 45% on-year
Boldfit led deal activity with $41.5 million, followed by GreenCell Mobility at $34.5 million, Inner Sky Labs at $30.9 million, and Scimplify at $25 million. Accel was among the most active investors, backing Scimplify, Origin, and CosmoChute. Elevation Capital invested in Mesa School of Business and Spill Games, while Pantera Capital backed Fission Labs.
Push to unwind Bitcoin hoarder shows once-hot trade failing
Shareholders of London-listed Satsuma Technology Plc are urging the Bitcoin accumulator to liquidate its remaining $50 million in tokens and return capital, as the digital-asset treasury model collapses in the ongoing crypto bear market. Pressure from major investor Pantera Capital comes amid a 99% stock plunge and management exits.
ETtech Explainer: CoinDCX cyberattack — What you need to know about the $44 million crypto hack
This is the second major crypto hack involving an Indian exchange within a year, following the high-profile WazirX breach in 2024. ET breaks down what happened and what it means for users.
We are still at the beginning of something huge: CoinDCX founders on the future of crypto
Captivated by the transformative power of blockchain technology and driven by a bold vision of making crypto more accessible to the “masses”, two young IIT Bombay graduates, Sumit Gupta and Neeraj Khandelwal, launched CoinDCX in 2018. What began as an ambitious startup soon became India’s first crypto unicorn. But beyond its valuation, CoinDCX’s journey is a reflection of India’s evolving relationship with crypto—shifting from scepticism to growing acceptance. In this exclusive interview, the founders share insights into their mission, the roadblocks they’ve faced, their vision for Web3, global expansion, and how Indian technology can make its mark on the world.
Rise of Telegram-friendly chain spurs talk of crypto super app
The Open Network (TON) blockchain has seized the crypto spotlight even amid a broader rally in the sector that saw Bitcoin hit new heights before a recent selloff.
CoinDCX buys UAE crypto trading platform BitOasis
Crypto exchange CoinDCX has acquired BitOasis, a Dubai-based company, for an undisclosed amount, to enter the Middle East and North Africa region. With this, the company adds $270 million to its assets under management.
Slerf? Snap? Memecoin mania drives Solana toward record high
Trading volume over Solana’s blockchain reached the highest in more than two years on March 15, with memecoins such as Slerf, Boom of Meme, Snap and Dogwifhat leading activity on decentralized exchanges, according to data compiled by CoinMarketCap and DEX Screener.
CoinDCX appoints Vijay Ayyar as VP, international markets
In his new role, Ayyar will lead the strategy and execution for the firm to establish the platform's international presence in the coming months.
A look at what went wrong with Vauld
“This is due to a combination of circumstances such as the volatile market conditions, the financial difficulties of our key business partners inevitably affecting us, and the current market climate,” said chief executive officer (CEO) Darshan Bathija in a statement on the company’s website.
Crypto exchanges hunker down as everything goes wrong in India
That a crypto marketplace should be in cost-cutting mode is hardly a surprise — Coinbase Global Inc. and Crypto.com have announced layoffs in the last two weeks alone — but Indian exchanges face the added burden of a new tax system that executives fear will wipe out what little trading is left. WazirX’s daily volume has slumped about 95% since October, data from CoinGecko shows.
Pantera Capital to increase India focus as it closes crypto, blockchain funds
Pantera Capital has closed about 10 deals in India, including one with crypto unicorn CoinDCX, Paul Veradittakit, partner at Pantera Capital, told ET.
Web3 is going to help India and add value to the current financial systems, says CoinDCX’s Sumit Gupta
“We fundamentally believe that Web3 is going to help India and add value to the current financial system with decentralised finance. The NFT space has also picked up, there are fundamental utilities for a better future. Given the direction in which we are moving, I strongly believe that India will eventually open up to crypto and safeguard it with regulations.”
CoinDCX raises $135 million in funding as valuation doubles to $2.15 billion
Fundraise comes amid looming uncertainty for crypto industry as new tax rules hit trading volumes severely.
Crypto wallet Leap raises $3.2 million through token sale
The private token sale also saw participation from Arrington Capital, Accel, and Terraform Labs. The money will be used to grow the team, particularly in the areas of engineering and design.
Stader Labs raises $4 million in round led by Pantera Capital
Stader Labs plans to accelerate product development across multiple blockchains and marketing efforts geared toward a global crypto audience. In future, it plans to launch products and features to assist users in maximizing their staking returns with greater ease.
Vauld raises $25 million in funding led by Peter Thiel's Valar Ventures
Existing investors Pantera Capital, Coinbase Ventures, CMT Digital, Gumi Cryptos, Robert Leshner, and Cadenza Capital among others also participated in the round.
India's crypto industry attracts foreign funds, but local investors remain wary
Absence of a clear regulatory framework and the possibility of a blanket ban has kept majority of Indian funds at bay
Crypto sees second week of outflows; ether posts record outflows
Total crypto outflows hit $21 million for the week ending June 11. Since mid-May, total outflows reached $267 million, representing 0.6 per cent of total assets under management (AUM).
Bitcoin at $100,000 in 2021? Outrageous to some, a no-brainer for backers
Bitcoin is within sight of its all-time peak of just under $20,000 hit in December 2017. It debuted in 2011 at zero and was last trading at $18,415.
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