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OnRe is the world’s on-chain reinsurance company, fully licensed to accept digital assets as collateral for writing reinsurance, bringing uncorrelated, consistent real-world returns to crypto capital markets at scale.
Gate Ventures: Tech Stocks Hit New Highs Amid Inflationary Pressure, Crypto Market Risk Appetite Recovers
Odaily Odaily News According to the latest weekly report from Gate Ventures, global markets continued to strengthen last week, driven by the technology sector. Both the S&P 500 and the Nasdaq index hit new record highs, with the S&P 500 gaining 2.36% for the week and the Nasdaq rising 4.52%. In the crypto market, BTC rose 4.6% last week, ETH rose 2.1%, spot BTC ETFs recorded net inflows for the fifth consecutive week, and market sentiment recovered to the neutral range. Additionally, the total market cap of cryptocurrencies excluding the top ten assets increased by 12.6% for the week.On the macroeconomic front, the ISM Services Price Index rose to 70.7, a two-year high, coupled with energy price fluctuations and the Federal Reserve's policy expectation of "keeping interest rates higher for longer," leading to increased market focus on a "stagflation" environment. On the industry level, Payward, the parent company of Kraken, has applied to the OCC for a national trust charter, highlighting the increasingly evident trend of industry compliance. In terms of investment and financing, 10 deals were completed last week totaling $34.2 million, primarily concentrated in the DeFi and infrastructure sectors. Among them, OpenTrade completed a $17 million funding round to accelerate the development of institutional-grade stablecoin yield infrastructure; OnRe secured a $5 million Series A round to advance its Solana-based tokenized reinsurance product offerings.
OnRe Finance Completes $5 Million Funding, Forward Plans to Deploy $25 Million to Acquire ONyc Tokens
OnRe Finance has completed a $5 million funding round, co-led by Forward (Solana's largest treasury management firm) and Rockaway. The capital will be used to accelerate the development of on-chain reinsurance business on Solana. Forward plans to deploy up to $25 million into OnRe's ONyc token to gain exposure to tokenized reinsurance yields.
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Gate Ventures: Tech Stocks Hit New Highs Amid Inflationary Pressure, Crypto Market Risk Appetite Recovers
Odaily Odaily News According to the latest weekly report from Gate Ventures, global markets continued to strengthen last week, driven by the technology sector. Both the S&P 500 and the Nasdaq index hit new record highs, with the S&P 500 gaining 2.36% for the week and the Nasdaq rising 4.52%. In the crypto market, BTC rose 4.6% last week, ETH rose 2.1%, spot BTC ETFs recorded net inflows for the fifth consecutive week, and market sentiment recovered to the neutral range. Additionally, the total market cap of cryptocurrencies excluding the top ten assets increased by 12.6% for the week.On the macroeconomic front, the ISM Services Price Index rose to 70.7, a two-year high, coupled with energy price fluctuations and the Federal Reserve's policy expectation of "keeping interest rates higher for longer," leading to increased market focus on a "stagflation" environment. On the industry level, Payward, the parent company of Kraken, has applied to the OCC for a national trust charter, highlighting the increasingly evident trend of industry compliance. In terms of investment and financing, 10 deals were completed last week totaling $34.2 million, primarily concentrated in the DeFi and infrastructure sectors. Among them, OpenTrade completed a $17 million funding round to accelerate the development of institutional-grade stablecoin yield infrastructure; OnRe secured a $5 million Series A round to advance its Solana-based tokenized reinsurance product offerings.
OnRe Finance Completes $5 Million Funding, Forward Plans to Deploy $25 Million to Acquire ONyc Tokens
OnRe Finance has completed a $5 million funding round, co-led by Forward (Solana's largest treasury management firm) and Rockaway. The capital will be used to accelerate the development of on-chain reinsurance business on Solana. Forward plans to deploy up to $25 million into OnRe's ONyc token to gain exposure to tokenized reinsurance yields.