Weekly Newsletter,
This week we are presenting our Satellite View 2025
This week we are presenting our Satellite View 2025.
Each year we publish the Satellite View (from which this weekly newsletter takes its name), a 100+ page document covering the latest insights on blockchain technology from the industry’s most prominent thought leaders. The report is based on our annual Legends4Legends conference and augmented with the speakers’ 2025 outlook and bold predictions. As with our conference, we aim to present the latest developments in blockchain technology in a structured and understandable way for a broader investor audience. We hope you enjoy it!
Click here to read the full report and click here to apply for this year's Legends4Legends conference on October 16th in Amsterdam.
Given what’s currently unfolding in the US, we wanted to point you to the insights shared by former CFTC Chairman J. Christopher Giancarlo. Many of the things he said at our event in October are turning out to be eerily prescient, for example, “If I were chosen as SEC chairman, on day one I would suspend all enforcement action against innovative companies that haven’t done anything wrong.”
You can watch the full interview here. https://vimeo.com/1023724685
Amidst the barrage of news that continues to come out of the administration, this week Trump’s announcement of a US Strategic Crypto Reserve stood out, though to be honest, we had to avert our eyes seeing its composition—a sentiment well captured by this cheeky remark on Crypto Twitter: “Today is a great day for taxi drivers across the US.”
The signal through the noise is that we are on an accelerated path to regulatory clarity, and that is exactly what the industry needs. Such clarity, when it arrives, will give entrepreneurs in the U.S. the explicit option to implement their business idea as a blockchain network rather than by default as a centralized company. That will unlock a wave of innovation, driving an explosion of new blockchain use cases.
For many more fascinating insights and predictions, make sure to have a look at The Satellite View!
Also this week
- President Trump announces crypto strategic reserve
- White House organizes Crypto Summit on March 7th
- The SEC announces "Spring Sprint Toward Crypto Clarity" roundtable series beginning March 21
- BioNexus becomes first Nasdaq-listed firm to approve Ethereum treasury
- Coinbase plans to tokenize $COIN stock in renewed security token push
- The SEC staff has agreed in principle to dismiss its lawsuit against Kraken with prejudice, with no admission of wrongdoing, no penalties paid and no changes to our business
Relevant financial updates
- Seismic*, the encrypted blockchain protocol, raised $7mln in a Seed round from a16z, Polychain, 1kx, and dao5
- Tensorplex, the decentralized AI lab, raised an undisclosed amount from YZiLabs (Formerly Binance Labs)
- DoubleZero*, the infrastructure startup focused on enhancing blockchain performance, raised $28mln in a token sale from MultiCoin, Dragonfly, dba, amongst others
- Elixir*, a liquidity provision protocol, recently had its TGE, launching at a $700mln fully diluted valuation
- Across*, the interoperability and bridging protocol, raised $41mln in a token sale from Paradigm, Bain Capital, MultiCoin, and Coinbase Ventures
- Infrared*, the liquid staking protocol on Berachain, raised $14mln from Framework, Selini, Halo Capital, amongst others
- Fastlane*, an MEV related protocol, raised $6mln from Figment, dba, Robot, amongst others
- Flowdesk*, the market maker, raised $102mln from Coinbase Ventures, Sfermion, BPI France, amongst others
- Prime Intellect*, the open-source AI development company, raised $15mln from Founders Fund, CoinFund, Collab+Currency, amongst others
- Redstone*, the data oracle provider, held its TGE this week, launching at a $650mln fully diluted valuation
- Fortytwo*, the decentralized AI company, raised $2.3mln from ev3, Big Brain Holdings, amongst others
*Underlying TBV portfolio position | Prices as per 06/03
Interesting things to read
Upcoming events
- Digital Asset Summit 2025, New York
- Legends4Legends 2025, Amsterdam