PANews reported on December 1st that Sushi announced on its X platform that Synthesis, led by Alex McCurry, has made a significant long-term strategic investment in the Sushi protocol, including the purchase of over 10 million SUSHI tokens. Alex will join and lead the SUSHI protocol team. Sushi achieved profitability in 2024, with revenue exceeding $10 million from its AMM, aggregator, and related products. With Synthesis's support, Sushi aims to expand its annual revenue to over $20 million in the coming years, focusing on robust growth, clear execution, and a sustainable business foundation.
Previously, it was reported that Jared Grey announced his resignation from his leadership position at Sushi and his transition to an advisory role, and that Sushi had received a large investment from Synthesis.

Robinhood acquired an Indonesian brokerage and digital asset trading firm to access a market with 17 million crypto investors. Crypto and stock trading platform Robinhood is set to tap into Indonesia’s burgeoning cryptocurrency trading market after an agreement to acquire two local fintech companies.In an announcement on Sunday, Robinhood said it has entered into agreements to acquire Buana Capital, an Indonesian brokerage, and PT Pedagang Aset Kripto, a licensed Indonesian digital financial asset trader, “marking our entry into one of Southeast Asia’s fastest-growing markets.”It said that Indonesia has more than 19 million capital market investors and 17 million crypto investors, making it a “compelling market for equities and crypto trading.”Read more

