#crypto-data

➤ 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.

➤ 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.

➤ 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.

➤ 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.

➤ 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.