FalconX Deal a Bright Spot in Bleak Market for Crypto

It’s been a rough couple of weeks for crypto companies as token prices have dropped, bellwethers such as Coinbase have laid off staff, and the crash in two cryptocurrencies—terraUSD and luna—has trashed confidence in digital assets. But some startups have been able to lock in new funding rounds or deals. 

FalconX on Wednesday said it raised a $150 million Series D round led by GIC, Singapore’s sovereign wealth fund, and B Capital. Magic Eden, a Solana-based NFT marketplace, raised a $130 million Series B round and Roxe, which builds blockchain-based payments technology, announced on Wednesday that it plans to go public in a merger with special purpose acquisition company Goldenstone Acquisition Limited that would value the firm at $3.6 billion.