- In May, Talos disclosed a $105 million Series B fundraising round, valued at $1.25 billion.
- The total cryptocurrency market cap again reached $1 trillion.
Talos, the largest supplier of institutional-grade technologies for trading digital assets co-founders Ethan Feldman and Anton Katz, stated that the cryptocurrency market will come back stronger than ever before, in an episode of The Scoop.
Both offered insider thoughts on how institutions have positioned themselves during the current volatility in the crypto market. They also explain why they think the industry will come back stronger than ever before.
In the interview, Feldman makes the statement:
Regulation is an enabler to some extent, right? This is what’s going to enable the bigger institutions in the world to actually trade spot crypto.
In May, Talos disclosed a $105 million Series B fundraising round, valued at $1.25 billion for the company. Veteran investors from the traditional banking and digital asset sectors participated in the round, which was managed by the international growth equity company General Atlantic.
The Current Crypto Market Condition
Since the bear market started in the past three months of the current year, the cryptocurrency market has seen highs and lows. The total market value sloped down to $839 billion and lost more than half of its value from its all-time high of around $3 trillion which was recorded in November 2021.
Results of the prominent cryptocurrency like Bitcoin (BTC), and Ethereum (ETH), the crypto market seeing some greens on its chart for the past 7 days. according to CoinMarketCap, the total cryptocurrency market cap again reached over $1 trillion.
Total cryptocurrency market cap (Source: CMC (NS: CMC ))
At the time of writing Bitcoin traded at $23,177.68 with a trading volume of $23,990,362,94. BTC is down 2.58% in the last 24 hours and it holds over 41% of the market share. And the second largest cryptocurrency Ethereum traded at $1,662.68 with a trading volume of $15,049,531,112. ETH is down 2.96% in the last 24 hours.
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