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Musk's Tweets Clash with IPO Prospectus, SpaceX Information Disclosure Raises Market Concerns

SpaceX officially filed its IPO prospectus last week. However, CEO Elon Musk's recent social media posts detailing the company's computing power leasing agreement with Anthropic have shown clear discrepancies with the prospectus's content. The prospectus states the collaboration will last until 2029, with a monthly rent of $125 million; Musk claims the agreement is merely a 180-day short-term lease, with either party able to terminate the partnership with 90 days' notice.This divergence makes it difficult for investors to assess the company's valuation, and industry experts have raised questions about the standardization of information disclosure. Furthermore, analysts point out that the prospectus is missing several key data points. SpaceX is expected to go public on June 12. The company is currently valued at over one trillion dollars and continues to operate at a loss. (CNBC)

AI Agent security platform Geordie completes $30 million Series A funding, led by Balderton Capital

AI Agent security platform Geordie has announced the completion of a $30 million Series A funding round, led by Balderton Capital, with participation from Crosspoint Capital, General Catalyst, and Ten Eleven Ventures. The company focuses on AI Agent governance and security, helping enterprises monitor the behavior, permissions, data access, and potential risks of internal AI agents in real time, while limiting non-deterministic AI agent decision-making behaviors. (Techfundingnews)

Strategy STRC Falls Below $97, Cash Reserves Drop to Approximately $871 Million

: STRC once fell to $97.11, then rebounded and closed at $98.57. Attention is being paid to Strategy's ability to continue using this preferred security as a financing tool through ATM issuance.After repurchasing $1.5 billion in convertible debt, Strategy's cash reserves dropped to approximately $871 million, only covering about six months of its estimated $1.7 billion annual preferred dividend obligations. Strive's perpetual preferred security SATA remains near its $100 par value, supported by an approximately 13% dividend yield and the company's plan to launch daily dividend payments.

Stablecoin payment company NALA announces $50 million credit facility

According to TechFundingNews, stablecoin payments company NALA announced it has secured a $50 million credit facility from Liquidity through Mars Growth Capital, its joint venture with Japan’s Mitsubishi UFJ Financial Group (MUFG). The new capital will be used to develop its stablecoin payment infrastructure, with a focus on expanding cross-border payments in emerging markets—including Africa and Asia—by offering real-time stablecoin-based payments and collections, pre-funded accounts, and treasury management services. Earlier, in July 2024, NALA closed a $40 million Series A round led by investors including Acrew Capital, DST Global, Norrsken22, HOF Capital, and Amplo, as well as angel investors Vlad Tenev, co-founder of Robinhood, and Ryan King, co-founder of Chime.

Analyst: Investors Should Avoid SpaceX’s IPO, as Its Valuation Is Overinflated and Most of the Proceeds Will Be Used to Repay Debt

According to Fortune, David Trainer, CEO of research firm New Constructs, stated that investors should avoid participating in SpaceX’s initial public offering (IPO), arguing that its estimated valuation of approximately $1.75 trillion is clearly excessive.

The ANTHROPIC contract on Hyperliquid implies a valuation of approximately $1.48 trillion, representing a ~53% premium over Anthropic’s latest valuation.

According to Hyperinsight monitoring, the Anthropic contract deployed by Hyperliquid on Ventuals is currently trading at $1,471 (implying a valuation of approximately $1.48 trillion). Meanwhile, per today’s news, Anthropic’s post-money valuation following its Series H funding round stands at $965 billion. This means that long positions on this contract are betting on a bullish outcome priced roughly $515 billion above the official valuation—representing a ~53% premium over the primary-market valuation.

Predict.fun launches a new prediction event: "What will be the market cap ranking of CXMT at close on its IPO day"

Odaily Seer monitoring shows that the prediction market Predict.fun has launched a new prediction event: "What will be the market cap ranking of CXMT at close on its IPO day," with total trading volume currently at $93,000.On May 27, ChangXin Memory Technologies (CXMT), a leading domestic memory chip company, successfully passed its IPO review on the STAR Market (SSE STAR) and plans to raise 29.5 billion yuan, which would mark the second-largest IPO in the history of the STAR Market. Benefiting from the memory industry upcycle, CXMT reported a Q1 2026 revenue of 50.8 billion yuan and a net profit attributable to parent company of 24.762 billion yuan for the single quarter, achieving a dramatic turnaround from losses to profits year-over-year. This strong earnings potential has sparked extremely high market expectations for its post-listing valuation, with some suggesting it could challenge the top tier of A-share market capitalizations. According to the settlement rules, this event will ultimately be settled based on the descending order of total market capitalization from the "Shanghai-Shenzhen-Beijing A-shares" section of East Money (东方财富网) at market close.Odaily Seer continues to monitor prediction markets, observing changes before prices are set.

Valuation Surpassing OpenAI? Anthropic Completes $65 Billion Series H Funding, Post-Money Valuation Reaches $965 Billion

: Anthropic officially announced the completion of a $65 billion Series H funding round, with a post-money valuation of $965 billion, led by @AltimeterCap, Dragoneer, @Greenoaks, and @sequoia.It is reported that the funds will be used to advance research and expand production capacity to meet the growing demand for Claude. Additionally, the company stated that earlier this month, its annualized revenue had exceeded $47 billion.

The SpaceX–USDH perpetual contract on Hyperliquid plunged nearly 45% last night, triggering approximately $1.51 million in liquidations.

According to CoinDesk, Hyperliquid’s synthetic perpetual contract SPACEX–USDH—pegged to SpaceX’s valuation—plummeted from $2,277 to $1,254 within 30 minutes around 11 p.m. Beijing time on May 28, a drop of nearly 45%, before partially rebounding to approximately $2,169.

Anthropic Completes $65 Billion Series H Funding Round, Post-Money Valuation Reaches $965 Billion

According to Cailian News, AI unicorn Anthropic has completed its Series H funding round of $6.5 billion, achieving a post-money valuation of $96.5 billion—surpassing rival OpenAI for the first time. This round was co-led by Altimeter Capital, Dragoner, Greenoaks, and Sequoia Capital, and also includes $1.5 billion in previously committed investments from hyperscale cloud providers, with Amazon contributing $500 million.

FalconX Has Secretly Filed IPO Application Documents with the U.S. SEC

According to CoinDesk, cryptocurrency trading firm FalconX has confidentially filed a draft S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) and engaged investment banks including Cantor to prepare for its initial public offering (IPO). Sources familiar with the matter said that, due to market conditions, FalconX’s listing is not expected before later this year. Founded in 2018, FalconX primarily provides institutional clients—including hedge funds, asset management firms, and market makers—with digital asset prime brokerage, trade execution, liquidity access, credit, and clearing services. The company raised $150 million in its Series D funding round in 2022, achieving an $8 billion valuation.

Hypernova completes $3 million pre-seed round, led by Lemniscap

Hypernova has announced the completion of a $3 million pre-seed funding round, led by Lemniscap, with participation from Very Early Ventures, CMS Holdings, Pivot Global, and multiple angel investors from the Hyperliquid ecosystem.The project's main business is building a proprietary trading platform on Hyperliquid, using smart contracts to automate trader payouts, and dynamically determining whether to push positions to market based on trader quality. (The Block)

AI financial data infrastructure company Daloopa completes $47 million Series C funding round, led by Brighton Park Capital

: AI financial data infrastructure company Daloopa announced the completion of a $47 million Series C funding round, led by Brighton Park Capital, with participation from Squarepoint Capital, Touring Capital, and Nexus Venture Partners. The funds will be used to accelerate platform expansion and expand the engineering, product, and marketing teams.Daloopa provides structured and traceable financial data for financial institutions. It has currently expanded data access through MCP connectors with OpenAI ChatGPT, Anthropic Claude, Perplexity, and Rogo, and offers APIs, cloud delivery, and partner APIs, enabling third-party developers to use its high-quality financial data in their own products. (PRNewswire)

AI infrastructure company Modiqo completes $3 million Pre-Seed funding round co-led by Heavybit

AI infrastructure company Modiqo has announced the completion of a $3 million Pre-Seed funding round, co-led by Heavybit and Seligman Ventures, with participation from Irregular Expressions and multiple angel investors. Modiqo aims to address the core problems of AI Agents in production environments, namely "instability, difficulty in reproduction, and high costs." The company points out that current AI systems perform well during initial runs but are prone to failure when models are updated or APIs change, forcing enterprises to continuously rebuild workflows, leading to cost and efficiency issues. (Prnewswire)

TownSquare Announces $10 Million Monad-Based Yield Vault in Collaboration with Native

TownSquare, an infrastructure provider for institutional yields and cross-chain lending brokerage services, has partnered with Native, a non-custodial automated trading infrastructure, to launch a $10 million yield-generating vault on the Monad L1. This vault will support assets including USD1, USDC, cbBTC, and MON, offering higher yields than conventional lending through trading-based yield generation. This marks TownSquare’s first collaboration with a trading-based yield manager. The partnership aims to bring real-world asset (RWA) and stablecoin institutional yields to a broader user base. Native is a close partner of Binance Wallet and Buidlpad, having previously launched vaults for BNB and wETH on BNB Chain and Ethereum—demonstrating its stability, scalability, and ability to generate yields for liquidity providers (LPs) managing tens of millions of dollars. This initiative also represents the first trading-yield vault on the Monad chain. Native already operates credit pools across multiple EVM chains with over $35 million in liquidity, achieving daily trading volumes of $50–100 million and cumulative trading volume exceeding $25 billion. Its Proactive Market Making (PMM) structure enables retail users to access institutional-grade trading yields. TownSquare previously launched a $100 million USD1 liquidity program and has raised over $16 million to date—including funding from this collaboration.

VanEck Tokenized Treasury Fund Integrates Euler, DeFi Platforms Accelerate Embrace of Wall Street Institutional Capital

: VanEck's tokenized U.S. Treasury fund, VBILL, has officially launched on the DeFi lending protocol Euler. The fund is issued and tokenized by Securitize. Investors can now use tokenized Treasury bonds as collateral for on-chain lending and liquidity operations, while meeting compliance restrictions.This move reflects that DeFi protocols are accelerating their transition towards institutionalization and compliance to attract traditional financial capital into the on-chain market. Data shows that the market size of tokenized U.S. Treasury bonds has surpassed $15 billion, growing approximately 150% over the past year. Traditional asset management giants such as BlackRock, Franklin Templeton, and Janus Henderson have all launched on-chain treasury or money market products.Euler has previously integrated Securitize's DS Protocol to support the inclusion of tokenized securities with investor qualification restrictions and transfer rules into its lending market. DeFi protocols like Aave are also expanding into institutional-grade RWA businesses.Institutions estimate that the market size for asset tokenization could reach $18.9 trillion by 2033. A Securitize executive stated that as traditional financial institutions enter the crypto space, DeFi protocols must find a balance between openness and compliance requirements. (CoinDesk)

Bit Digital provides $100 million credit facility to WhiteFiber, secured by ETH

Bit Digital announced it will provide a $100 million delayed draw term loan facility to a subsidiary of WhiteFiber, an artificial intelligence infrastructure and high-performance computing provider in which it holds a majority stake. The facility can be expanded to $150 million upon mutual agreement and is intended to support WhiteFiber's recent expansion plans in high-performance computing and artificial intelligence.Bit Digital expects that draws under this facility will be funded in whole or in part through a credit line secured by Ethereum. This arrangement allows Bit Digital to earn a financing spread on the loan assets while maintaining exposure to Ethereum.Bit Digital has fully exited its Bitcoin mining operations. The company reported total revenue of $27.9 million and a net loss of $146.7 million for the first quarter of 2026. (The Block)

Bit Digital Provides $100 Million Loan to WhiteFiber; Ethereum-Based Credit Supports AI Infrastructure Expansion

According to The Block, Bit Digital announced a $100 million delayed-draw term loan to a subsidiary of WhiteFiber, its majority-owned AI infrastructure company. The facility may be expanded to $150 million upon mutual agreement between the parties, to support WhiteFiber’s recent high-performance computing and AI expansion initiatives. Bit Digital stated that the loan proceeds will be disbursed—either partially or in full—through an Ethereum-denominated secured credit facility, enabling the company to retain ETH exposure while earning a financing spread.

Costa Rica Passes Anti-Money Laundering Bill for Crypto Services, with Fines Up to 50% of Transaction Value

Odaily News: Costa Rica's Legislative Assembly has unanimously approved amendments to Law No. 7786, establishing specific obligations for virtual asset service providers regarding anti-money laundering, counter-terrorism financing, and counter-proliferation financing of weapons of mass destruction. The new law requires virtual asset service providers to register with the Financial Superintendence General and fulfill obligations including customer identification, due diligence, transaction record keeping, and reporting of suspicious transactions. Penalties for violations range from 5% to 50% of the transaction amount, or between $1,800 and $90,000. The law will take effect three months after its publication.

Samsung Securities plans to acquire 2% stake in Upbit operator Dunamu for $204 million

Samsung Securities has passed a board resolution to acquire 2% of Dunamu's shares for 306.3 billion won (approximately $204 million), totaling around 697,000 shares at an acquisition price of about 439,000 won per share.The sellers in this transaction include Kakao Investment, Kakao Ventures, Kakao Youth Startup Fund, and the KIF-Kakao Woori Bank Technology Finance Investment Fund. Based on the transaction price, Dunamu's overall valuation is estimated at approximately 15.3 trillion won (about $10.2 billion).Samsung Securities stated that this investment aims to enhance its competitiveness in the digital asset business and expand related synergies. Previously, Hanwha Investment & Securities also acquired Dunamu shares held by Kakao Investment at the same valuation. (Yonhap News Agency)