Core Insights - Venture capitalists have invested $23 billion into crypto companies in 2025, despite a $1.4 trillion market downturn in November [1] - The recent market decline has led to more selective investment strategies, with smaller cheque sizes and rigorous due diligence [1] - Leading firms like Kraken, Ripple, and Polymarket appear to be insulated from the downturn, attracting significant investments [1] Investment Trends - Capital is consolidating around strong market leaders, which is expected to widen their competitive advantage [2] - Macroeconomic factors, including a prolonged government shutdown, are influencing investor sentiment and decision-making [2] - A shift towards risk-off strategies is evident across all risk asset classes, including crypto [3] Major Fundraising Activities - Seven crypto firms raised over $253 million in a recent week, with significant contributions from Citadel Securities, Coinbase Ventures, and Tether [3] - Kraken secured $200 million in a strategic round from Citadel Securities, raising its valuation to $20 billion [4] - Kraken's recent fundraising follows a $600 million raise in September, bringing its total fresh capital to $800 million [4] Company Developments - Kraken plans to expand internationally and develop new payment products, reporting a year-over-year revenue increase to $648 million in Q3 [5] - Kraken has also acquired futures platform NinjaTrader for $1.5 billion [5] - Obex, a stablecoin incubator, raised $37 million in a funding round and is set to allocate an additional $2.5 billion to projects it incubates [6]

Learn more about each one and stay productively paranoidhttps://t.co/BIOl5u9dNG ...

@krakenfx CATCH THE REPLAY XXhttps://t.co/poMTQTMgWe https://t.co/FaezkG0C5i ...

hyperliquid processing $15b daily perp volume. that's kraken-level throughput on a dex. $5m daily revenue with 99% going to token buybacks. giancarlo just confirmed perps are legal on licensed exchanges. institutions have been waiting for exactly this regulatory green light to touch onchain derivatives ...

This week in crypto and web3:@ripcache opens AI show at Heft Gallery@pudgypenguins book + Art Week install@krakenfx files for IPO after $800M raise@rektdrinks expands to 200 grocery stores@tradingview Pro charts coming to OpenSeaMore news below.https://t.co/q4E0RuF4d6 ...

23 projects collectively raised $1.41 billion this weekFollow @immutablejacob for all things fundraisingJake (@immutablejacob):Top 5 Crypto Fundraising Rounds this week 👇@Kalshi - $1B at a $11B valuation> Regulated exchange and predictions market> @sequoia, @CapitalG, & @a16z@krakenfx - $200M at a $20B valuation> Centralized crypto exchange preparing to IPO in 2026> @citsecurities@DoppelHQ - https://t.co/OorGWAwbu9 ...

Another week, another wave of Kraken updates 👇💼 Raised 800 million to support continued growth and expansion🇪🇺 Kraken Custody is now available in Europe🔐 Scam Awareness Week - stay skeptical, stay calm, always verify#KrakenIn60 @Pete_Rizzo_ https://t.co/4TSDrX5dfd ...

How many of these have you been targeted by?Which one do you see most often? https://t.co/J4YC350rlP ...

⚡️ UPDATE: If this is a bear market, someone forgot to tell the institutions!Republic added $100M in $ETH financing and Kraken pulled in $800M at a $20B valuation even as Bitcoin fell under $85K. https://t.co/rZD06OujBj ...

RT ink (@inkonchain)Daily Transaction Count on Ink reached a new all-time high of 1M Txs.Everyday there's a new reason to push buttons on Ink, the result - up and to the right. https://t.co/JfOhhhP9su ...