Crypto News. June 24, 2025
Vare Crypto News is live ft Fed Reserve, GTE, Paradigm, etc
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The U.S. Federal Reserve has moved to scrap “reputational risk” from its bank supervision framework, opting for clearer, more specific financial risk metrics. This shift could open the door for banks to work with crypto firms, a major hurdle in the fight against debanking.
Institutional bull run
Soon it’ll be on Defi
Paradigm invested $15M Series A round funding in GTE.
GTE aims to be the fastest dex, built on MegaETH L2, they’ve developed a central limit order book (CLOB) with Binance/Coinbase-level latency, while staying fully decentralized, non-custodial, composable, and permissionless.
Polymarket is reportedly closing a $200M raise, pushing its valuation to $1B, a unicorn milestone amid growing interest in prediction markets, especially post US election hype.
Despite a volume dip earlier this year, volume is trending back up building on $45M Series B (May 2024), $25M stealth Series A (led by General Catalyst) and airdrop token plans + $50M raise consideration last September
If finalized, this would make Polymarket one of the best funded projects in the space, ahead of CFTC regulated rival Kalshi.
Anthony Pompliano’s Procap just acquired 3,724 BTC at a $103K TWAP, with a record-setting $751.5M ($516.5M in equity raised, $235M in convertible notes) raise and a planned public debut via merger with Columbus Circle Capital (CCCM), and will rebrand as ProCap Financial, Inc. This is the largest initial raise ever for a public BTC treasury company
