This week, the highlight in the funding landscape was Stripe's acquisition of Bridge, a stablecoin platform, for $1.1 billion. Stripe CEO Patrick Collison compared the potential of stablecoins to 'room-temperature superconductors for financial services,' emphasizing the speed and cost benefits they could bring to global businesses. Meanwhile, Azura, a decentralized finance (DeFi) platform, successfully raised $6.9 million to launch its operations. In addition, Komainu, a crypto custodian backed by Nomura, announced the acquisition of Singapore-based Propine, although the deal amount was not disclosed. Other notable funding activities included Shuttle Labs raising $6 million to create a self-custodial crypto exchange and MoonWalk Fitness securing a $3.4 million seed round, reflecting growing investor interest in diverse crypto-related ventures.

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