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The biotech firm 180 Life Sciences has rebranded as ETHZilla after launching a treasury in Ethereum (ETH) worth $425 million. Therefore, moving its focus to blockchain instead of biotech. The initiative will see the company use Ethereum as a core treasury asset and a standard for on-chain financial strategies. ETHZilla Aims to Become Ethereum Treasury
The post 180 Life Sciences To Launch $425M Ethereum Treasury, Rebrands to ETHZilla appeared first on CoinGape.
The total amount raised in the global cryptocurrency market has surpassed $10 billion, marking the highest level in the past three years.
Backed by supportive U.S. government policies and large-scale investment, the crypto industry is experiencing its strongest recovery phase in three years.
The latest report from data platform CryptoRank reveals that in Q2 2025, the total amount raised in the global cryptocurrency market surpassed $10 billion. This figure serves as a symbolic marker and a clear signal that the crypto industry is entering a phase of strong recovery and reshaping.
It reflects the growing involvement of institutional investors and increasing support from governments.
One of the foundational drivers is the more crypto-friendly policies of the new U.S. administration. After years of regulatory uncertainty and even hostility during 2022–2023, the market is now receiving fresh “oxygen” to expand. This renewed support is enabling it to attract capital aggressively.
A notable shift is also occurring in the structure of capital flow. No longer are funds pouring into early-stage projects with unfinished products, as seen in the previous bull run.
Instead, the proportion of late-stage financing is rising rapidly. This reflects growing confidence in projects that have demonstrated their ability to build products. It also highlights their success in growing their user base and generating sustainable revenue.
In addition, IPO and M&A deals are more active than ever, indicating a significant shift in the market. This suggests that the market is no longer a playground for small experimental teams but is transitioning toward the scale of true fintech enterprises.
Deals such as exchanges acquiring DeFi startups demonstrate a growing trend in the industry. Additionally, blockchain infrastructure companies like Circle, which is now trading in the US markets, prove that crypto fundraising is becoming more “mainstream” in the eyes of traditional finance.
This maturity is driving more selective and high-quality capital flows. Investors are no longer chasing short-term “trends” but are starting to evaluate operational efficiency, business models, and the ability to generate real-world value.
As many Web3 products have progressed beyond experimental stages to serve millions of actual users, the crypto market is undergoing a significant transformation. It is evolving from a “tech lab” into a global financial-technology ecosystem.
Mason Nystrom, an investor at Pantera Capital, recently shared in-depth insights on the current state of crypto VC via a series of posts on X. The posts revealed structural changes in fundraising approaches, investment choices, and capital development strategies. While the early part of 2025 still shows signs of difficulty, there are “hot spots” that founders and followers should not overlook.
Nystrom predicts tokens will become the primary investment vehicle instead of the traditional token + equity structure. Each token will represent the project’s value and potential for profit.
Fintech VCs are transitioning into crypto, paving the way for platforms in payments, digital banking (neobanks), and tokenized assets. VCs that remain outside fintech risk being left behind.
“Liquid Venture”—investing via liquid tokens—is trending. Capital flows are more flexible, entry and exit are easier, and governance is more agile. Funds are also beginning to use their treasuries to hold BTC like Metaplanet and ETH like Fenbushi Capital to benefit in the long term.
“Crypto continues to innovate on new capital market formation. And, as more assets move onchain, more companies will look towards onchain-first capital formation.” Nystrom stated.
However, this doesn’t mean the road ahead will be smooth. The industry is becoming increasingly competitive, demanding clear strategies, professional execution, and superior technology from projects. Macroeconomic tailwinds and fresh capital are just catalysts—true success will depend on each team’s ability to adapt and innovate continuously.
The post Crypto VC Roars Back: Q2 Raises Top $10 Billion With Institutional Momentum appeared first on BeInCrypto.
Previously a niche tool for crypto, stablecoins are progressively becoming a fixture of mainstream finance. Circle and Tether now have larger US debt portfolios than several sovereign nations.
The recent passage of the GENIUS Act legitimized stablecoin use, supercharging interest from banks, payment processors, and Fortune 500 companies.
Stablecoins are digital tokens pegged to the US dollar and backed by reserves, often in US Treasury bills (T-bills). The structure ensures that one token can reliably be redeemed for one dollar.
This stability makes them attractive for cross-border payments and as a settlement layer for the crypto ecosystem.
Two leading stablecoin issuers, Tether (USDT) and Circle (USDC), hold more US government debt than several major national economies. This includes Germany, South Korea, and the United Arab Emirates.
Tether, the largest stablecoin issuer, now holds over $100 billion in T-bills. According to data from the Treasury Department, it ranks as the 18th-largest overall holder of US debt, above the UAE ($85 billion).
Circle, the issuer of USDC, holds between $45 billion and $55 billion in T-bills, putting it ahead of South Korea (approximately $75 billion) if measured individually.
Combined, the two companies surpass all three countries, with a recent Apollo report highlighting just how quickly the sector is rising.
“Almost 90% of stablecoin use is crypto trading, which will likely continue to grow. The big breakthrough will be if US dollar stablecoins are used for global retail payments. If the US dollar stablecoin market grows into the trillions, demand for US T-bills will significantly increase. There are financial stability risks because money will be moved around quickly if depositors lose confidence in a stablecoin issuer,” read an excerpt in the Apollo report.
The stablecoin industry is now the 18th largest external holder of Treasuries, with projections suggesting it could grow from its current $270 billion market cap to $2 trillion by 2028.
The market cap of USDC alone has surged 90% in the past year to $65 billion. It was fueled by institutional adoption and Circle’s high-profile IPO in June.
Meanwhile, the adoption story goes beyond reserves. In early 2024, stablecoin transaction volumes exceeded Visa’s, largely due to their use in crypto trading. Increasing use in global money transfers also contributed to the traction, with a BeInCrypto report indicating 49% of institutions use stablecoins.
With near-instant settlement and low fees, stablecoins are being pitched as a faster, cheaper alternative to SWIFT and other legacy payment rails. Stripe’s $1.1 billion acquisition of the stablecoin startup Bridge in October marked one of the first major fintech bets on the technology.
The rise of stablecoin issuers as major T-bill buyers comes when traditional foreign holders are scaling back. China’s holdings have dropped from over $1 trillion a decade ago to $756 billion.
While still the largest foreign holder at $1.13 trillion, Japan has also signaled a more cautious approach. This creates an opening for stablecoin issuers to serve as a consistent source of demand for US debt.
“Having stablecoin issuers always be there is a massive boost in terms of giving confidence to the Treasury [Department] about where to place debt,” Fortune reported, citing Yesha Yadav, a Vanderbilt Law School professor who studies the intersection of crypto and the bond market.
Proponents argue that stablecoins could help cement the dollar’s dominance globally, much like the offshore “Eurodollar” market did in the 20th century.
They also suggest a growing demand for T-bills from stablecoin firms could help lower long-term interest rates and strengthen US sanctions enforcement abroad.
Skeptics, however, caution against overhyping the numbers, with the US money market fund (MMF) sector, for example, dwarfing stablecoin holdings at roughly $7 trillion.
Meanwhile, banking lobbyists warn that stablecoins could drain deposits from banks, potentially reducing lending capacity.
“Citi forecasts places Stablecoins amongst the top holders of US T-Bills, if US debt climbs and T-Bills wobble, so does the trust in digital dollar. Creating a temporary shift to other currencies,” one user wrote, citing Citibank.
Industry executives counter that similar fears about MMFs decades ago proved unfounded.
Still, if stablecoins keep absorbing large amounts of short-term Treasuries, it could disrupt how Wall Street manages liquidity and risk.
Nevertheless, the growth of Circle and Tether signals that the US debt market has a new class of heavyweight buyers born in the volatile crypto arena rather than in traditional banking halls.
The post Tether and Circle Now Hold More US Debt Than Several Nations appeared first on BeInCrypto.
In a significant move that promises to reshape the landscape of healthcare technology, Doccla, a leading provider of virtual ward…