Crypto wallet Phantom announced a $150 million Series C funding round at a $3 billion valuation, led by Sequoia Capital and Paradigm, with participation from a16z and Variant. Phantom says it has 15 million monthly active user addresses and $25 billion in self-custody assets.
MicroStrategy completes a $3 billion bond offering to buy more bitcoin.
Over the past week, supply of USDT and USDC has increased by nearly $3 billion, Tether's market cap has reached an all-time high of more than $115 billion, and Circle's USDC market cap has risen to $34.50 billion, its highest level since March 2023.
According to market news, SoftBank will support artificial intelligence startup Perplexity at a valuation of $3 billion.