pantera

According to The Block, Based, a Web3 trading and payment application built on Hyperliquid infrastructure, announced the completion of a $11.5 million Series A funding round, led by Pantera Capital, with participation from Coinbase Ventures, Wintermute Ventures, and Karatage.Based stated that it has over 100,000 registered users, 30,000 monthly active users, a total trading volume of approximately $40 billion, and total revenue of nearly $14 million. The company plans to expand its AI-driven "agentic commerce" business and extend into the North American market. It is reported that this funding round began in the fourth quarter of 2025 and concluded last week, with the funding structure consisting of equity investment and token warrants.

The sports event prediction market platform Novig announced the completion of a $75 million Series B funding round, led by Pantera Capital, with a post-funding valuation of $500 million.Novig co-founder Jacob Fortinsky stated that the company was founded in 2021 with the aim of creating a consumer-friendly platform for modern sports bettors, with its core advantage being its peer-to-peer trading model. Novig is currently applying for a license from the Commodity Futures Trading Commission and expects to complete this within six months. Fortinsky emphasized that, unlike platforms such as Kalshi and Polymarket, Novig's product design and brand positioning are centered around sports events, making it more aligned with the usage habits of ordinary sports fans.

Pantera Capital general partner Franklin Bi posted on platform X speculating that the recent large-scale sell-off in the crypto market was driven not by a trading firm focused on cryptocurrencies, but by a large entity from outside the crypto space in Asia.This entity has limited crypto trading counterparts, so it went unnoticed by the crypto community. Franklin Bi speculated that this entity engaged in leveraged trading and market making on Binance → closed yen arbitrage trades → faced an extreme liquidity crisis → obtained about a 90-day grace period → attempted to recover losses through gold/silver trading but failed → and was forced to close positions this week.

According to The Block, the on-chain token creation and issuance protocol Doppler announced the completion of a $9 million seed round financing, led by Pantera Capital, with participation from Variant, Figment Capital, and Coinbase Ventures.Doppler, developed by Whetstone Research, has become the default platform for launching new DEX pools on the Base blockchain since its launch nine months ago.

Pantera Capital General Partner Franklin Bi posted on platform X, stating that the competition against quantum threats has already begun, but the market has a clear misjudgment regarding the adaptability of traditional finance and blockchain.The market has overestimated the speed at which the Wall Street system can adapt to the upgrade of anti-quantum technology, as the migration process of traditional financial infrastructure will be slow and chaotic, making it difficult to eliminate risks such as single points of failure. The overall security of the traditional financial system depends on its weakest links. Meanwhile, the market has underestimated the unique capabilities of blockchain technology in terms of upgrades. If certain blockchains can successfully complete upgrades within a critical window, they may evolve into "safe havens" for data and assets in the anti-quantum era. Ethereum has already proven to be one of the few successful examples capable of completing complex system upgrades globally (such as the previous The Merge upgrade), and the security crisis brought by quantum computing may actually strengthen the "gravitational effect" of a few core blockchain networks.

According to Nansen, Pantera Capital is far ahead on the profit and loss leaderboard this week, with three wallets making profits of $12,100,000, $6,000,000, and $3,600,000 respectively.Meanwhile, Arrington XRP Capital also achieved profits, but on a smaller scale than Pantera Capital. Most other funds performed modestly this week.

According to Onchain Lens monitoring, 2 wallets associated with Pantera Capital have deposited 5,264 ETH into Coinbase Prime, worth 15.39 million USD.

Pantera Capital researcher Jay Yu published 12 predictions for the cryptocurrency market in 2026 on the X platform:Capital-efficient consumer credit: Combining on-chain and off-chain credit modeling, modular design, and AI user behavior learning will become the new frontier of crypto lending;Divergence in prediction markets: It will split into financial directions combined with DeFi and cultural directions capturing pop culture and long-tail enthusiasts;Rise of Agentic Commerce: The x402 protocol will expand into conventional payments, with Solana potentially surpassing Base in tiered trading volume;AI as the crypto interface layer: AI-assisted analytics, project research, and wallet tracking will permeate most consumer-grade crypto applications;Tokenized gold rises: It will become a leading asset in the RWA space as a safe-haven asset;Bitcoin quantum threat panic: Technological breakthroughs may trigger discussions about quantum computing threats, prompting holding institutions to develop contingency plans;Unified privacy development experience: Privacy-as-a-service bundles will emerge, simplifying the integration of privacy technologies into enterprise workflows;DAT integration: DAT will undergo consolidation, retaining only 2 to 3 in each major area through mergers or liquidations;Breaking the boundaries between tokens and equity: Convertible equity tokens may emerge, and the regulatory framework for token legal ownership will tend to solidify;Hyperliquid maintains Perp DEX dominance: The USDC share on HYPE may be replaced by USDe and USDH;Professional-grade AMMs moving to multi-chain: They will account for over half of Solana's trading volume and begin pricing assets like RWA;Stablecoin international settlements: Fintech companies like Stripe, Ramp, Brex, and Klarna will use stablecoins for international settlements.

Binance today disclosed a blacklist of "listing agents," which includes BitABC, Central Research, May / Dannie, Andrew Lee, Suki Yang, Fiona Lee, and Kenny Z. Binance stated that this list is not exhaustive and cautioned against trusting any "listing agents." The information regarding the above individuals or entities obtained from public channels is as follows:BitABC is a cryptocurrency consulting, incubation, and project acceleration company that primarily offers services such as project promotion, community building, liquidity incentives, and market consulting, claiming to help crypto projects gain exposure and growth in the early stages on trading platforms.May / Dannie is a partner of the previously disclosed improper market maker Web3Port by Binance. The key figure May Liu and her team established a "brokerage pipeline to Binance," from Spark Digital Capital to Web3Port, and then to Whisper. Spark operates under the guise of a VC, actually running a market outsourcing + FA business, relying on VC investments in projects to obtain free tokens for themselves. After the industry turmoil in 21 and 22, project parties were unwilling to provide tokens for free, prompting Spark to shift to an incubator model, establishing Web3Port to provide project packaging and VC connections in exchange for 1-3% token shares.Suki Yang is a cryptocurrency quantitative trader and investor, a former member of Pantera Capital, and has worked at several crypto platforms (such as CertiK, Hyype, etc.). She also founded the Solana chain meme launcher Lmao.fun.Andrew Lee is a practitioner in the cryptocurrency industry who has participated in several blockchain projects (such as Handshake, Purse.io, etc.), possibly involved in project promotion or mediation.Fiona Lee and Kenny Z have limited publicly available information, suspected to be personal project consultants or intermediaries, or engaged in listing coordination or project liaison.Central Research may be a cryptocurrency research or consulting institution, with few specific details publicly available.

According to Fortune, the specialized AI platform Surf, designed for the cryptocurrency sector, announced the completion of a $15 million funding round, led by Pantera Capital, with participation from Coinbase Ventures and Digital Currency Group.Surf launched its invitation-only product in July and opened to the public in September. According to company data, the platform currently has over 300,000 users and has generated more than 1 million search results. Li stated that Surf can answer a variety of cryptocurrency questions, ranging from basic to deep technical inquiries, with 80% of its users not being professionals in the crypto industry, while the remaining 20% come from venture capital, exchanges, and other crypto-related institutions.The startup claims its revenue has reached several million dollars and hopes to grow to $10 million by the end of 2026. Surf's revenue model is subscription-based, with users paying between $15 and $399 per month depending on the tier. The platform also offers a free version, but the number of questions that can be asked daily is limited. The company currently has fewer than 30 employees.Li views the company's main competitors as mainstream AI models like ChatGPT, Perplexity, and Grok. According to a benchmark report co-authored with Princeton University, Surf's performance on crypto tasks is four times that of ChatGPT and Grok.

According to Fortune, Fin, a global stablecoin payment application founded by former Citadel employees Ian Krotinsky and Aashiq Dheeraj, announced the completion of a $17 million funding round led by Pantera Capital, with participation from Sequoia and Samsung Next.Fin aims to build a stablecoin-based cross-border payment solution, focusing on handling large transfers ranging from hundreds of thousands to millions of dollars. The application offers three main features: peer-to-peer transfers, bank account transfers, and cryptocurrency wallet transfers. Through stablecoin rails, Fin promises to provide lower fees and faster transfer speeds than traditional banks.The application has not yet been officially launched and plans to conduct pilot collaborations with import and export trading companies next month. The company will achieve profitability through transaction fees and interest income from stablecoin wallets. CEO Krotinsky stated that Fin's main competitors are large commercial banks like JPMorgan and Barclays that offer international remittance services, with the goal of becoming one of the largest payment applications globally.