#Firelight secures $8M in a Seed funding round led by Gumi Cryptos Capital, with participation from Maven 11, Metalayer, Joint Effects, and Tribe Capital. Firelight will utilize secured funds to build an onchain protection layer for decentralized finance and expand the assets backing its cover system beyond $XRP .
Firelight is a decentralized finance risk-protection and staking protocol that uses large, non-yielding digital assets to provide on-chain insurance against smart-contract exploits.
Hyperliquid Strategies expands equity facility to $2.5B
#HyperliquidStrategies (PURR) expanded its committed equity facility with Chardan Capital Markets from $1B to $2.5B, according to a recent SEC filing. Under the expanded facility, Hyperliquid Strategies can sell newly issued common shares to Chardan, although a Nasdaq-related issuance limit will take effect once the first $1B in shares has been sold.
After that threshold is reached, sales below $12.02 per share will be capped at 42,641,847 shares, representing 19.99% of the shares outstanding before the amendment, unless shareholders approve additional issuances.
Felix Pago raises $200M in a Series B funding round
#FelixPago secures $200M in a Series B funding round, including $87M in equity led by Andreessen Horowitz and a $113M credit line from General Catalyst’s Customer Value Fund. Additionally, QED Investors, Castle Island Ventures, Switch Ventures, and Contour Venture Partners joined the round. Felix Pago plans to use the fresh funding to expand beyond remittances into lending, savings, and other financial products for Latin American immigrants in the US.
Felix Pago is a consumer-facing fintech platform designed to streamline cross-border remittances by utilizing blockchain technology as its backend infrastructure.
Payward unveils a partnership with London Stock Exchange
#Payward , the parent company of #Kraken, has partnered with the #LondonStockExchange to advance the tokenization of UK equity markets. Under the partnership, Payward will tokenize the top 100 London-listed equities as #xStocks , while the London Stock Exchange, subject to regulatory approval, will enable xStocks trading through #LSE24 . The companies will also explore issuer-backed equity tokens as they seek to modernize how stocks are owned, traded, and settled.
Polymarket is set to raise $1B at a $21B post-money valuation
#Polymarket will raise $1B in a round led by #1789Capital , which is expected to invest around $300M, valuing the company at $21B. The new capital comes as Polymarket works to bring more institutional users onto its platform and pursues regulatory approval to offer margin trading in the US, a feature aimed at attracting more sophisticated investors.
Polymarket is a decentralized prediction market platform that enables users to speculate on the outcome of real-world events using cryptocurrency.
Fomo unveils acquisition of Mobula's technology and team for $17M
#Fomo has acquired #Mobula , a decentralized data aggregator and Web3 infrastructure platform, including its technology and team, in a $17M deal.The deal comes amid sharp growth for fomo, whose user base has more than doubled since early July to over 1.9M, with more than 30,000 new users joining daily. The acquisition strengthens Fomo’s push into social trading, alongside investments in creators and new products such as Fomo Web, perpetuals, and Clans.
#Injective $INJ suffered an exploit that resulted in approximately $4.9M in losses. The attacker allegedly exploited Injective’s insurance fund and permissionless binary options market through 299 transactions, ultimately consolidating about 1,979.8 $ETH worth roughly $4.9M into a single address that has not previously sent any transactions. Injective had not confirmed the incident as of press time.
Injective is an open, interoperable blockchain supporting a range of #DeFi solutions, including decentralized spot and derivatives exchanges, prediction markets, and lending protocols.
#a16z has increased its fifth growth fund to $8.5B from the $6.75B announced at its January launch, adding $1.75B. The fund backs growth-stage startups focused on product development, geographic expansion, and scaling operations. a16z plans to deploy the capital from the expanded growth fund across enterprise and consumer #AI , defense tech, robotics, software and hardware infrastructure, and healthcare technologies.
Crypto M&A activity remained strong throughout summer 2026, with notable acquisitions spanning ETF provider, CeFi, payments, exchanges, brokerage, infrastructure, DeFi, compliance, and analytics. The deals highlight continued industry consolidation and growing demand for scalable financial and digital-asset infrastructure.