Weekly Roundup - Here's What Happened within the Crypto Companies

Major Happenings With in the Crypto Companies:

Justin Sun Rings Nasdaq Opening Bell to Launch Tron Inc.’s New Era

On Thursday, Justin Sun - founder of the TRON blockchain and global advisor to Tron Inc. - personally rang the Nasdaq Opening Bell at the iconic Nasdaq MarketSite in Times Square. The ceremony marked the official rebrand from SRM Entertainment to Tron Inc.

Grayscale ETF Chief David LaValle Exits Amid Firm's IPO Ambitions

According to the reports, David LaValle, Grayscale’s global head of ETFs, is set to depart at the end of July 2025 after nearly four years at the firm. His exit comes as Grayscale gears up for an anticipated IPO and continues pursuing new spot crypto ETF approvals.

Binance Launches Web Version of its Wallet, in Beta

Binance launched a beta version of its Binance Wallet - the web-based counterpart to its mobile Web3 Wallet. It is now accessible directly via the “Trade” tab on its desktop platform - initially supporting BNB Chain and Solana.

Kalshi Teams Up with Elon Musk’s xAI to Integrate Grok into Prediction Markets

In another big partnership coming after Polymarket, Kalshi partnered with Elon Musk’s xAI to integrate the Grok AI into its regulated prediction markets platform. With this, it is aiming to enhance market insights and forecasting through AI-powered sentiment and data analysis.

Tether Invested in 120 Companies From its Own Profits: CEO Paolo Ardoino

Tether CEO Paolo Ardoino revealed that the stablecoin issuer has invested in over 120 companies using its own profits. The names in its Venture portfolio includes Rumble, Juventus, Citipay - emphasizing its pivot into strategic tech, AI, and infrastructure ventures.

Consensys to Lay Off 49 Employees, Around 7% of Workforce: Report

Ethereum-focused firm Consensys is laying off 49 employees. This is about 7% of its workforce and is part of a restructuring effort aimed at focusing more sharply on core products like MetaMask and Infura.

Telegram’s TON Wallet Launches in the U.S. Market

Telegram launched its crypto wallet, TON Wallet, in the U.S. market, expanding its global rollout. The launch supports easier access to The Open Network's blockchain services for U.S. users.

Polymarket Acquires Derivatives Platform QCX to Re-Enter U.S. Market

Decentralized prediction market Polymarket acquired QCX, a registered derivatives trading platform, to regain U.S. access. The move strengthens regulatory footing while expanding prediction market offerings in the country.

BitGo "Secretly" Files for U.S. IPO: Report
Crypto custody giant BitGo confidentially filed for an initial public offering (IPO) in the U.S., signaling renewed ambition amid increased institutional interest in secure digital asset storage solutions.

Top 3 Fundings this week:

Stablecoin Startup KUN Raises $50M Series A

Asia-based embedded finance and stablecoin-on-ramp platform KUN led the week’s funding activity. It secured $50 million in Series A capital from investors including GSR Ventures, BAI Capital, and Eternium Global.

Spiko Closes $22M Series A From VCs and Angels Including Revolut co-founder

Spiko, a tokenized money market fund platform with $400M+ AUM, raised $22 million led by Index Ventures alongside White Star Capital and Bpifrance.

Delabs Games Secures $5.2 M Series A to Fuel AI‑Powered Web3 Gaming Expansion

On July 21, Delabs Games secured a $5.2 million Series A funding round led by Hashed, TON Ventures, and Kilo Fund, bringing its total financing to $17.2 million. The capital will accelerate the development of AI‑powered Web3 games via its Verse8 platform, expand the team, and support upcoming title launches.