Iota Launches $100M Middle East Foundation; Canaan Revenue Drops 55%; Wormhole Raises $225M; Santander Offers Crypto Trading
• Iota launches $100M Abu Dhabi foundation to expand DLT in Middle East, supported by $100M in IOTA tokens over 4 years
• Canaan revenue falls 55% in Q3 2023 compared to last year amid lower Bitcoin prices; seeks to raise $148M in new financing
• Wormhole raises $225M at $2.5B valuation, launches Wormhole Labs focused on cross-chain tools and services
• Banco Santander partners with Taurus for crypto custody to offer BTC and ETH trading to Swiss clients
• Santander the latest major bank providing crypto services after Deutsche Bank partnered with Taurus for custody