A massive sell-off in cryptocurrencies wiped over US$200 billion of wealth from the market in just 24 hours after the collapse of the Terra/USD stablecoin.
But institutional investors continue to pour money into crypto firms. Talos, a US provider of institutional digital asset trading technology, has announced a US$105m Series B funding round backed by Citi, Wells Fargo, and BNY Mellon among others that has brought the value of the company at US$1.25 billion. The round was led by private equity firm General Atlantic with participation from several investors in both the traditional finance and digital asset spaces including Stripes, BNY Mellon, Ci