Coinbase-Backed Veda Raises $18M to Simplify DeFi with Modular Vaults

DeFi infrastructure firm Veda has successfully secured $18 million in a funding round led by CoinFund, with significant participation from Coinbase Ventures, Animoca Ventures, and other notable investors. This substantial investment will be directed towards expanding Veda's innovative vault-based DeFi infrastructure, aimed at making decentralized finance more accessible to mainstream users. Since its launch in 2024, Veda has seen remarkable growth, with its Total Value Locked (TVL) skyrocketing to $3.5 billion. The company's modular vault system is designed to abstract the complexities of DeFi, catering to over 100,000 users. This funding round marks a pivotal moment for Veda as it continues to bridge the gap between traditional finance and the burgeoning DeFi ecosystem, with strong backing from industry giants like Coinbase.

Veda Secures $18M Funding to Expand Vault-Based DeFi Infrastructure

DeFi infrastructure firm Veda has raised $18 million in a funding round led by CoinFund, with participation from Coinbase Ventures, Animoca Ventures, and other prominent investors. The capital will fuel its mission to simplify decentralized finance for mainstream adoption through its modular vault system.

Since its 2024 launch, Veda's TVL surged to $3.5 billion as its technology abstracts DeFi's complexity for 100,000+ users. The platform now targets integration with traditional financial apps, positioning its vault framework as Core infrastructure for wallets and exchanges.

The investment signals growing institutional confidence in DeFi's evolution beyond crypto-native ecosystems. Veda's approach mirrors traditional finance's compartmentalization of risk, potentially bridging the gap between Web3 and conventional banking systems.

Benchmark Raises Coinbase Target Price to $421 Citing Regulatory Tailwinds

Benchmark analyst Mark Palmer increased Coinbase's price target by 40% to $421, citing a "transformative week" for the crypto exchange. The upgrade follows Coinbase securing a MiCA license in Europe and bipartisan progress on the GENIUS Act for stablecoin regulation in the U.S.

Coinbase shares surged 23% last week as the company positions itself to capture stablecoin revenue through deeper USDC integration. The MiCA license unlocks expanded European services including trading, custody, and staking - a strategic advantage as regulatory clarity improves globally.

Palmer maintains a Buy rating, arguing Coinbase warrants a higher earnings multiple given its first-mover positioning in compliant crypto markets. The stock traded NEAR $300 Monday, suggesting 40% upside to the new target.

Is the $313 Million Ether Transfer to Coinbase Signaling Major Sell-Off?

A massive ethereum transfer of 113,000 ETH, valued at approximately $313 million, has been deposited into Coinbase, sparking fears of a potential market dump. The transaction, flagged by Lookonchain, originated from a dormant whale wallet, raising concerns about large sell orders amid record-high leverage in ETH futures markets.

Ethereum futures open interest has surged past $29 billion, driven by speculative activity and stablecoin-backed contracts. Retail trader participation in derivatives is also climbing, adding volatility to an already tense market. Whale movements of this scale often precede significant price action, though the exact intent remains unclear.

Circle's Market Cap Nears Coinbase as USDC Issuer's Shares Soar 750% Post-IPO

Circle (CRCL) shares surged to a record high of nearly $299 during Monday trading, marking a 750% gain since its IPO at $31 earlier this month. The stablecoin issuer's market capitalization briefly touched $60 billion—approaching the $61.3 billion circulating supply of its USDC token—and now rivals crypto exchange Coinbase's $78 billion valuation.

Investor enthusiasm for stablecoins, particularly USDC's dominance as the second-largest dollar-pegged asset, fueled the rally. The token's utility across exchanges, DeFi protocols, and cross-border payments aligns with last week's passage of the GENIUS Act, which advances regulatory clarity for the asset class. Analysts caution the momentum may be overextended despite the sector's growth potential.