19 projects raised $202 million this week, led by KUN ($50M) and Spiko ($22M), while Talos, dYdX, and Ondo Finance made notable acquisitions to expand their infrastructure and product offerings. Sonnet BioTherapeutics merged with Rorschach I LLC to launch a publicly traded crypto treasury vehicle holding HYPE tokens, and Hiroki Kotabe, Pranav Garimidi, and Tom Dunleavy offered perspectives on Ethereum’s future, MEV, and price trajectories.
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