The team exclusively told me that Perpl, a decentralized perpetual futures exchange, raised $9.25 million from Dragonfly to build on Monad. 

Other participants in the round include Ergonia, Brevan Howard, Breed, L1D and CMS. 

Ethereum surged over 8% in the last 24 hours, hitting $2,700 before slightly dropping. The coin has seen a remarkable 51% increase in the past week, with positive market sentiment and the recent Pectra upgrade driving the momentum.

The U.S. 10-year Treasury note yield rose above 4.5% due to a temporary tariff rollback between the U.S. and China, impacting Federal Reserve policy outlook. Bitcoin is trading near its all-time high of $104,000, influenced by market sentiment and inflation data.

The U.S. 10-year Treasury note yield rose above 4.5% due to a temporary tariff rollback between the U.S. and China, impacting Federal Reserve policy outlook. Bitcoin is trading near its all-time high of $104,000, influenced by market sentiment and inflation data.

Following the announcement by the S&P 500 that Coinbase's stock will be added to its index on May 19, COIN shares surged 8% in after-hours trading, reaching $225 per share. This move comes as Coinbase is set to replace Discover Financial Services on the S&P 500 index.

American Bitcoin, a subsidiary of Hut 8 with ties to Eric Trump, plans to merge with Gryphon Digital Mining. The 100% stock-for-stock merger is expected to close in Q3, with American Bitcoin stockholders owning around 98% of the new company.

American Bitcoin, a subsidiary of Hut 8 with ties to Eric Trump, plans to merge with Gryphon Digital Mining. The 100% stock-for-stock merger is expected to close in Q3, with American Bitcoin stockholders owning around 98% of the new company.

New York Mayor Eric Adams aims to position the city as a global crypto hub, hosting a crypto summit on May 20. He emphasized blockchain's potential for financial inclusion and the city's growing role in crypto innovation, seeking collaboration between public officials and private sector innovators.

Coinbase's Q1 earnings showed a 10% decrease in total revenue, with trading revenue dropping 19% but subscription and services revenue increasing by 9%. The acquisition of Deribit is expected to give Coinbase a strong foothold in the derivatives space.

Meta is considering re-entering the stablecoin market, prompting U.S. Senator Elizabeth Warren to advocate for legislation preventing tech giants from issuing their own money. The GENIUS Act, aimed at regulating stablecoins, faces revisions following opposition from Democrats in the Senate.