Now Playing
SBI's Crypto Stack, Citadel's $400M Bet & Bitcoin's 22% Surge
Audio is available on Spreaker — see link below.
SBI Holdings doubled down on crypto infrastructure with back-to-back nine-figure rounds into Fasset and EDX Markets, while Citadel Securities deployed $400M into Crypto.com and Bitcoin posted its strongest weekly gain since November. Institutional infrastructure — not speculation — is driving the biggest capital moves in digital finance right now.
Audio is available on Spreaker — see link below.
Fasset just crossed one billion dollars in valuation, and the funding round behind it tells you more about where institutional money is moving than almost anything else this week. SBI Holdings led a sixty-eight million dollar Series C into the stablecoin-powered neobank.
SBI's appetite didn't stop with Fasset. Within the same news cycle, the Japanese conglomerate also led a seventy-six million dollar Series C into EDX Markets, an institutional crypto exchange pursuing a U.S. trust bank charter for digital asset custody.
Citadel Securities deployed four hundred million dollars into Crypto.com. That matters because Citadel isn't a venture firm making an exploratory bet.
Bitcoin broke its two-month consolidation range this week, surging to nearly eighty thousand dollars in Asian trading. The weekly gain came in at twenty-two point six percent, the strongest seven-day performance since November last year.
Two other developments are worth tracking. Grayscale's privacy-coin ETF conversion is advancing toward an NYSE listing for Zcash, which has rallied to near nine hundred dollars, erasing its June losses.
The through-line across all of this is institutional infrastructure. Not speculation on token prices.
Chapter summary auto-generated from the verified script. Listen to the full episode for the complete content.