circlearc

Traditional capital is aggressively scooping up crypto infrastructure at the root: in just a week, venture funds poured $1.56 billion into the industry, with the highlight being South Korea's Hana Bank acquiring a stake in Dunamu (operator of the Upbit exchange) for a record $670 million. Meanwhile, Circle pulled off a historic move, becoming the first public company to conduct a private token sale — the Arc project raised $222 million from BlackRock and a16z at a valuation of $3 billion.

While retail is panicking over local BTC volatility, institutions and banks are bulk-buying payment gateways and L1 networks for stablecoins, marking a trend towards a sharp market division between the 'wild' DeFi and the regulated banking crypto sector.

#CryptoVC #HanaBank #CircleArc #Upbit #InstitutionalInvestment