#crypto-data

[rwatimes]

Kaiko acquires Amberdata in blockchain data consolidation push

Paris-based crypto data platform Kaiko acquired Amberdata, a US-focused digital asset data provider, as institutional investors demand broader market, derivatives and onchain analytics for digital assets.Kaiko said the deal will expand its institutional data stack and help the combined company serv…

➤ Kaiko has acquired Amberdata to consolidate crypto data services for institutional investors, expanding its data stack and analytics capabilities. ➤ The acquisition aims to provide cleaner data across fragmented crypto markets, including derivatives and on-chain analytics, to serve banks, asset managers, and hedge funds. ➤ This move by Kaiko, their fifth acquisition, strengthens their position as a key data provider for the growing institutional participation in digital assets and tokenized real-world assets.

[rwatimes]

Crypto data company Dune cuts 25% of staff in restructuring

Crypto data company Dune has cut 25% of its workforce, citing a need to focus on “core data products” that take into account AI and institutional crypto adoption.

➤ Crypto data company Dune has laid off 25% of its staff as part of a business restructuring. ➤ The company aims to refocus on core data products, emphasizing AI integration and institutional crypto adoption. ➤ This move aligns with a broader trend of layoffs in the crypto and tech sectors, often citing AI for efficiency gains.

[rwatimes]

Dune Analytics Cuts 25% of Staff, Doubled Down on AI and Institutional Crypto Data

➤ Dune Analytics is laying off 25% of its staff to refocus on AI-powered data tools and institutional adoption of onchain assets. ➤ The company aims to provide an end-to-end stack for crypto data infrastructure, including AI-driven dashboards that don't require SQL knowledge. ➤ This strategic shift reflects a broader industry trend towards institutional-grade infrastructure and AI integration in blockchain data analysis.

[rwatimes]

Blockworks Raises Series A Extension At $192 Million Valuation Raised To Roll Up Fragmented Crypto Data Industry

Blockworks, a crypto data platform, has closed a Series A extension at a $192 million valuation to advance its mission of building foundational infrastructure for onchain capital markets.

➤ Blockworks, a crypto data platform, has secured a Series A extension funding round at a $192 million valuation. ➤ The company aims to build foundational infrastructure for onchain capital markets by addressing fragmented data and disclosure gaps. ➤ Key products include a data platform, an investor relations platform, and a token transparency framework, with engagement from major crypto players and regulatory bodies.

[rwatimes]

X’s Cashtags Feature Drives $1B Trading Volume

X head of product Nikita Bier said the social media platform’s new Cashtags feature for crypto and stock data drove roughly $1 billion in trading volume across the first two days.

➤ X's new Cashtags feature has generated approximately $1 billion in trading volume within its first two days, integrating crypto and stock data directly into the social media platform. ➤ The feature, currently available to US and Canadian iPhone users, is part of Elon Musk's vision to transform X into an 'everything app' that includes financial services like peer-to-peer payments. ➤ While integrated with Canadian brokerage Wealthsimple, the Cashtags feature has not yet been adopted by a US trading platform, though X is also developing its 'X Money' payment system.