• Crypto slides, but tokenized RWAs and VC push ahead As Bitcoin and altcoins continue to sell off, venture capital is raising millions for blockchain-based financial infrastructure, while real-world assets continue to draw capital. • Cointelegraph in your social feed Crypto markets have erased nearly $1 trillion in value over the past month, yet parts of the industry tied to infrastructure and tokenized real-world assets (RWAs) are telling a different story. • Tokenized Treasurys are expanding, venture firms are still raising capital and Bitcoin-focused companies are consolidating their footprints. • This week’s Crypto Biz looks at the widening gap between spot markets and capital formation - from Nakamoto’s $107 million acquisition spree to Dragonfly’s new $650 million fund, the continued rise of tokenized RWAs and why Paradigm says Bitcoin miners may have a growing role in stabilizing the power grid. • Nakamato to acquire two Bitcoin companies for $107 million Bitcoin holding company Nakamoto hasagreed to acquire BTC Inc and UTXO Managementin a combined $107 million deal, expanding its footprint across Bitcoin media, events and financial services. • Under the terms of the agreement, investors in BTC Inc and UTXO will receive 363,589,819 shares of Nakamoto common stock.

Article Summaries:

  • Crypto markets have shed nearly $1 trillion in value over the past month, yet infrastructure‑focused segments are still expanding. Bitcoin‑centric firm Nakamoto announced a $107 million acquisition of BTC Inc and UTXO Management, adding media, events and asset‑management services to its portfolio. Meanwhile Dragonfly Capital closed a $650 million fourth fund, underscoring a shift toward revenue‑generating blockchain infrastructure such as payments, stablecoins, lending and tokenized real‑world assets (RWAs). Tokenized RWAs grew 13.5 % in the last 30 days, driven mainly by Treasurys and private credit, even as the broader market contracted. Paradigm’s latest report argues Bitcoin mining could act as a flexible load to help stabilize power grids amid rising AI‑center demand.

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