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šŸŒ™ Avalanche Raises $250M in Private Token Sale

Avalanche announces a $250 million locked-token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital.

Author

Mike Gavela
December 12, 2024

In partnership with

Crypto Roundup - December 12

The crypto world continues to see major developments. Avalancheā€™s ecosystem received a significant boost with a $250 million investment led by Galaxy, Dragonfly, and ParaFi to accelerate its Avalanche9000 upgrade, signaling strong institutional confidence. Meanwhile, BlackRock and Fidelity made headlines with a combined $500 million purchase of ETH within two days, reflecting growing institutional interest in Ethereum. On the political front, Donald Trump hinted at potential crypto-friendly initiatives, promising ā€œsomething greatā€ for the space as World Liberty made a strategic buy-the-dip move.

Top Stories

  • Avalanche secures $250 million investment to advance the Avalanche9000 upgrade, led by Galaxy, Dragonfly, and ParaFi.

  • BlackRock and Fidelity acquire $500 million worth of ETH in just two days, highlighting traditional financeā€™s growing crypto adoption.

  • Donald Trump teases "something great" for crypto as World Liberty takes advantage of market dips with strategic investments.

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TOP STORIES

Avalanche Momentum Accelerates as Galaxy, Dragonfly, and ParaFi Lead $250M Investment In Support of Avalanche9000 Upgrade | Avalanche Blog

Financial participation highlights growing confidence in Avalancheā€™s blockchain ecosystem

www.avax.network/blog/avalanche-momentum-accelerates-as-galaxy-dragonfly-and-parafi-lead-250m-investment-in-support-of-avalanche9000-upgrade

BlackRock and Fidelity Make ETH Purchase Worth $500 Million in Two Days - "The Defiant"

BlackRock and Fidelity have been buying ETH in bulk, according to data platform Arkham Intelligence.

thedefiant.io/news/tradfi-and-fintech/blackrock-and-fidelity-make-eth-purchase-worth-usd500-million-in-two-days

Trump promises 'something great with crypto' as World Liberty buys the dip

Trump-backed World Liberty Financial has been diversifying its assets, apparently exchanging USDC for ether, LINK, and AAVE.

protos.com/trump-promises-something-great-with-crypto-as-world-liberty-buys-the-dip

FUNDRAISING

Superform Raises $3M to Launch SuperVaults, Intelligent Onchain High-Yield Products, Led by VanEck Ventures - Chainwire

New York, New York, USA, 12th December 2024, Chainwire

chainwire.org/2024/12/12/superform-raises-3m-to-launch-supervaults-intelligent-onchain-high-yield-products-led-by-vaneck-ventures

OTHER HEADLINES

Ethereum will ā€˜catapult beyond $5,000,ā€™ says analyst. Hereā€™s when the surge will happen

As investors turn from Bitcoin, altcoins like Ethereum are set to shine.

www.dlnews.com/articles/markets/ethereum-hit-5000-usd-in-2025-crypto-analyst-says

Ex-Grayscale CEO shifts focus to tokenization

Michael Sonnenshein thinks bringing RWAs onchain "is one of the most exciting frontiers in the broader blockchain and digital assets space."

blockworks.co/news/ex-grayscale-ceo-tokenization-shift

Solana outpaces Ethereum in attracting new crypto developers in 2024

In 2024, Solana surpasses Ethereum in new crypto developer growth, reflecting a global shift with rising contributions from Asia.

cryptobriefing.com/solana-crypto-developer-growth

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