Crypto Investments Weekly – Oct. 8–14

Top investment deals across the crypto sector over the last week (Oct. 8–14, 2022):

Crypto.com invests €150 million in France, choosing Paris as its EU headquarters

Crypto platform Crypto.com has announced a €150 million investment into France to support its operations in the country. This includes the establishment of a headquarters in Paris as its base of operations in Europe.

Crypto custodian Copper Secures $196 million in Series C funding

Crypto custodian Copper Technologies Ltd has obtained $196 million in fresh funding this year, as part of an ongoing series C investment in the business.  A Copper spokesperson declined to comment on the firm’s valuation, as the company has yet to formally close the round.

Uniswap raises $165 million Series B funding round 

Uniswap Labs on Oct. 13 announced a $165 million Series B funding round, led by Polychain Capital, that values the company at $1.66 billion.

BlockTower launches $150 million fund backed by BPI France and Mass Mutual

The investing thesis for the fund skews towards decentralized finance (DeFi) and crypto infrastructure companies. Limited partners in the fund include Mass Mutual, VanEck Equities, BPI France, Circle, and the Teacher Retirement System of Texas.

Binance launches a $500 million fund to provide loans to Bitcoin miners

Binance has launched a $500 million fund to provide loans to Bitcoin miners struggling to cope with difficult crypto-market conditions. Binance Pool, the company’s mining service, will provide loans for both private and publicly-listed Bitcoin miners – who will need to pledge security, in the form of physical or digital assets, to obtain loans with a duration of 18-24 months. Binance will charge interest rates between 5% and 10%. The initiative comes as Bitcoin miners experienced a tough few months while the price of bitcoin declined.

Coinbase CEO reveals he would sell 2% of his stake

Brian Armstrong, the CEO of Coinbase, has revealed plans to sell 2% of his holdings in the crypto exchange to fund science and technology development companies, including New Limit, which focuses on epigenetic reprogramming, and Research Hub.