Roughly $300 million in disclosed crypto funding closed in the first week of February, with custody and compliance names like Anchorage and TRM Labs among the headline deals. The rounds highlight renewed investor appetite for infrastructure and security-focused firms.
TRM Labs raised $70 million in a financing round backed by Goldman Sachs, pushing its valuation above $1 billion and earning it unicorn status. The firm's multi-blockchain transaction-tracing software is seeing growing demand from law enforcement and financial institutions amid rising crypto crime.
Blockchain analytics firm TRM Labs says ongoing cryptocurrency thefts can be traced to data exposed in LastPass's 2022 breach. The finding underscores lingering risks from major credential leaks and the need for stronger account protections.
TRM Labs says Venezuela’s crypto ecosystem grew directly from prolonged economic collapse and international sanctions, and predicts stablecoin use will expand for remittances, payments and savings. The shift highlights both practical demand and rising compliance challenges.