🌙 Upexi Stock Rockets 700%

Upexi will use the capital to build a treasury model centered on solana staking, with GSR leading the $100M private placement.

Author

Mike Gavela
April 21, 2025

Crypto Roundup - April 21

Crypto market dynamics are shifting as traditional financial entities deepen their involvement and DeFi protocols face technical challenges. GSR is backing a major $100M equity/token investment into Upexi, catalyzing a dramatic surge in SOL’s stock price. Meanwhile, Circle is launching a cross-border payments and remittance network designed to expand USDC’s global utility. In DeFi, Synthetix’s sUSD continues to lose its peg after a recent protocol upgrade, raising concerns about its stability and use cases.

Top Stories

  • GSR backs $100M investment in Upexi, sending SOL stock soaring over 700% as part of a hybrid equity/token deal.

  • Circle unveils new payment network focused on remittances and real-world USDC integration across borders.

  • Synthetix's sUSD loses peg further following a recent protocol update, highlighting growing instability in the synthetic asset.

TOP STORIES

Upexi Stock Rockets 700% as GSR Anchors $100M Investment for SOL Accumulation

Upexi will use the capital to build a treasury model centered on solana staking, with GSR leading the private placement.

www.coindesk.com/markets/2025/04/21/gsr-anchors-100m-investment-in-upexi-to-purchase-sol-stock-rockets-700

Stablecoin Giant Circle Is Launching a New Payments and Remittance Network

Circle is unveiling a new payments and cross border remittance product on Tuesday, from the firm’s One World Trade Center headquarters, according to an invite to the launch event.

www.coindesk.com/business/2025/04/21/stablecoin-giant-circle-is-launching-a-new-payments-and-remittance-network

Synthetix’s sUSD Slides Further Away from Peg After Protocol Update - "The Defiant"

The Synthetix protocol’s sUSD stablecoin is fighting to recover from a very steep depeg that has it far below its intended dollar peg.

thedefiant.io/news/defi/synthetix-s-susd-slides-further-away-from-peg-after-protocol-update

FUNDRAISING

ZND: $20 Million Raised From Rollman Management Digital For Digital Asset Platform

ZND, a digital finance platform operated by regulated European digital asset exchange zondacrypto, announced it has secured a $20 million token investment commitment from Rollman Management Digital for supporting the continued development of its technology and business operations. And ZND's goal is to provide a streamlined one-stop shop to earn, trade, and borrow digital assets.

pulse2.com/znd-20-million-raised-from-rollman-management-digital-for-digital-asset-platform

OTHER HEADLINES

Bitcoin Rallies Above $88,000 Boosted by Microstrategy’s Latest $555 Million Purchase - "The Defiant"

BTC surged to a three-week high, while ETH and XRP gained 2%.

thedefiant.io/news/markets/bitcoin-rallies-above-usd88-000-boosted-by-microstrategy-s-latest-usd555-million-purchase

Bybit CEO: Two-Thirds of Funds From $1.4B Lazarus Group Hack Still Traceable - Decrypt

With 28% of the hacked funds having “gone dark,” the exchange has called for more help decoding mixer transactions.

decrypt.co/315593/bybit-ceo-two-thirds-of-funds-from-lazarus-group-hack-still-traceable

Consensys, Solana, and Uniswap CEO donated to Trump's $239M inauguration fund

The SEC under Donald Trump has dropped cases against some of the crypto firms that donated to his 2024 campaign or inauguration fund.

cointelegraph.com/news/consensys-solana-uniswap-donald-trump-inauguration-donation

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