Spotlight turns to M&A for SPACs.
Tiger Global to back fintech Yap.
Mintable raises $13M in funding.
Karat raises for creator finances.
Northern Trust digitizes servicing.
Calaxy secures $7.5M in funding.
Robinhood details a crypto surge.
Swarm launches regulated DeFi.
BNP signed FIS tech agreement.
Codat adds $40M funding round.
Covario added METACO custody.
SoftBank funds Mercado Bitcoin.
Mastercard, FDIC eye inclusion.
Charlie adds DirectPay to toolkit.
dxFeed, Small Exch. add product.
Rapyd is acquiring Valitor fintech.
Bison Trails has added networks.
Watch Out For This:
The basis trade, where crypto investors … profit from discrepancies between spot and future prices, had become a reliable double-digit annual return generator until it was upended in May. The dramatic sell-off saw a number of leveraged positions, mostly held by retail investors, flushed out.