News linked to this event type.
MNX, a decentralized futures exchange focused on the AI economy, has completed a $6.4 million funding round with participation from Village Global, Cambrian, Relay Digital, North Island Ventures, and others. MNX aims to build AI-native derivatives infrastructure, covering futures on GPU rental prices and data center electricity costs, valuation markets for private labs such as OpenAI, Anthropic, and DeepSeek, AI benchmarks and financial forecasting markets, as well as perpetual contracts for AI-related global equities. The platform supports leverage, portfolio margin, and batch auction for fair execution. Settlements are conducted in a fully non-custodial manner on MegaETH, with the mainnet scheduled to launch this summer.
financial infrastructure company TVL Capital announced the completion of a $5 million funding round, led by Framework Ventures, with participation from Flow Traders and other institutions. Co-founder Lars previously served as Head of Market Research at The Block. The company's products are benchmarked against traditional exchange-traded products, aiming to build compliant, composable derivatives and diversified yield structures, primarily targeting institutional investors to meet various structured investment and yield management needs.
WLFI treasury company AI Financial Corporation has disclosed that the company currently holds WLFI tokens worth approximately $380 million, of which about half can be used for collateral, staking, or lending transactions.According to the Form 8-K filed today, 3,321,690,994 WLFI (worth approximately $180 million) are immediately available, and these tokens are expected to be fully transferable by August 12, 2026. The remaining 3,583,585,650 WLFI are subject to a 12-month contractual lock-up and will also unlock on the same date. The above valuations are based on a WLFI price of $0.055 (as of 19:00 Eastern Time Monday).CEO Tony Isaac emphasized that the availability of usable tokens does not mean the company intends to sell them; WLFI is viewed as a strategic asset to optimize the balance sheet and support the company's liquidity. He stated that the availability of these tokens helps alleviate the going concern uncertainty disclosed in the recent Form 10-Q, and the company expects to have sufficient funds to maintain operations and fulfill its obligations for at least the next 12 months.AI Financial describes itself as a fintech company, providing blockchain-based payment, trading, and settlement infrastructure with cumulative transaction volume exceeding $8 billion. The company has a market capitalization of approximately $94.91 million, and its stock price has fallen 93% over the past year to $0.68, with liquidity challenges persisting. (Investing)
John Wang, Head of Crypto Business at prediction market platform Kalshi, stated on X that it is widely believed Sam Bankman-Fried (SBF) was a "top-tier venture capitalist" who successfully invested in star projects like Anthropic and Cursor. However, Wang argued this narrative is inaccurate. The real "core figure" driving these investment strategies and early resource allocation was actually "AI stock guru" Leopold Aschenbrenner, not SBF himself.Analysis suggests that this remark has sparked discussion within the crypto and venture capital circles, once again bringing the attribution of SBF's influence on early-stage investments in Silicon Valley and the crypto industry into the spotlight. It is reported that the AI fund Situational Awareness, founded by former OpenAI researcher Leopold Aschenbrenner, has grown to over $20 billion in scale, with quantitative giant Jane Street making a rare capital injection. Situational Awareness has achieved a year-to-date return rate of 270% and cumulative returns exceeding 1,000% since its inception. Equity bets on Anthropic have contributed the most successful returns, accounting for one-fifth of its assets. Beyond public markets, Situational Awareness also co-led an investment round in AI chip company MatX with Jane Street and participated in the latest funding round of AI cloud computing provider Fluidstack.
According to CryptoRank data, the second quarter of 2026 is on track to be the worst quarter for the ICO/IDO market in the past five years. Data shows that only $58 million was raised through IEOs, ICOs, and IDOs this quarter, a decline of 85% quarter-over-quarter. The number of public sales dropped from 105 in the first quarter to 37, a decrease of 65%. Notably, only 13 token sales were completed in May, the lowest monthly figure since December 2020 (which had 4 sales).In contrast, the first quarter of 2025 reached a cyclical peak, with 429 public sales raising nearly $849 million. Since then, momentum has continued to wane, with current fundraising amounts shrinking by more than 14 times from that peak. Analysts point out that investors are becoming more cautious, demand for new projects' public fundraising has significantly weakened, and token public sales are gradually losing their status as a mainstream fundraising vehicle.
The shift of the most steadfast bulls often represents the most noteworthy signal in the market. Alex Altmann, Barclays' global head of equity strategy, who has repeatedly called for "holding stocks steady" during market volatility and accurately timed rebounds, has recently issued a rare cautious warning.In his latest market analysis, Alex Altmann stated that due to multiple pressures from technical overbought conditions, excessive sentiment, and macroeconomic headwinds, he has turned bearish on the short-term outlook for U.S. stocks. He believes the U.S. stock market is currently in the "middle of a hill" of a structural correction, with the biggest concern being the significant disconnect between retail investor sentiment and macroeconomic reality. He drew a comparison to the speculative frenzy of 2021: during that year's market mania, real yields were negative, and cheap money flooded the market. In contrast, financing costs have now surged sharply, and real yields remain high, creating clear pressure on equity valuations.However, the frenzy among retail investors has even surpassed that of 2021. Alex Altmann bluntly stated: "When the market cannot find a single institutional bear, the return curve for the S&P 500 has often already run its course."
a16z Crypto has published an article explaining the rationale behind leading the investment in Morpho. It points out that credit is a core mechanism for modern economic growth and capital allocation, and that blockchain-driven open credit networks have the potential to lower the cost of financial infrastructure, enhance market competition efficiency, and provide global users with broader financing and yield opportunities. a16z Crypto disclosed that it first engaged with the Morpho team in 2022. Since the global financial crisis, the private credit market has grown rapidly, reflecting the market’s demand for more direct and efficient financing models. Meanwhile, institutions can issue their own lending markets that share the network’s liquidity and network effects. The infrastructure in this area is expected to dismantle traditional financial intermediary systems and build a global open credit network.
: In response to market rumors that SpaceX has barred investors from Hong Kong and Mainland China from participating in its new share subscription, Hong Kong Financial Secretary Paul Chan Mo-po stated that this move will harm US interests. He noted that while the US previously restricted mainland companies from listing on American exchanges, those companies ultimately shifted their listings to Hong Kong, inadvertently making Hong Kong a beneficiary. Chan emphasized that Hong Kong should focus on its own affairs by improving the listing system, enhancing liquidity, and safeguarding its reputation. He pointed out that Shanghai and Shenzhen are home to a large number of high-quality tech companies with attractive valuations. Hong Kong is currently working to guide sovereign wealth funds and long-term capital to co-invest in future industries, including hard tech, health tech, and life sciences projects. Hong Kong is also establishing an international central securities depository infrastructure, which will consolidate various securities, bonds, and stocks onto a single platform to enable cross-margining, thereby rapidly boosting liquidity and improving capital efficiency. (Source: Aastocks)
Forward Industries (@FWDind), the largest treasury company on Solana, has submitted a non-binding all-stock acquisition proposal to Brera Holdings PLC (SLMT) (@Solmate). Brera Holdings holds 2.1 million SOL. The offer valued SLMT at a 30.7% premium, but Brera rejected the proposal. (SolanaFloor)
According to Bloomberg, Ant Group’s international business is considering raising approximately $1 billion in financing to accelerate growth and has solicited expressions of interest from potential investors, including existing shareholders General Atlantic and Silver Lake. Upon completion of this round, Ant International’s valuation could exceed $1 billion.
According to reports, SpaceX, the aerospace company led by Elon Musk, has attracted over $250 billion in investment demand for its IPO, surpassing its planned fundraising target of $75 billion. The offering is nearly 4 times oversubscribed, valuing the company at $1.8 trillion. Bankers and investors noted that long-term funds have submitted large orders. Pricing is expected to be finalized on Thursday, though demand figures could still change before orders are placed by major institutional investors. SpaceX's growth narrative is primarily tied to its satellite internet business, Starlink, which has become a significant source of revenue and profit for the company. SpaceX also highlighted that its artificial intelligence products address a market opportunity worth $23 trillion. Cryptocurrency exchanges including Binance, Coinbase, Kraken, and Bybit have listed pre-IPO perpetual futures for SPCX this month. Binance's related product has accumulated a trading volume of $2.1 billion over 18 days, covering over 130 countries. Decentralized exchange Hyperliquid recorded a trading volume of $70 million in the past 24 hours, with open interest exceeding $115 million. (Cointelegraph)
Odaily Seer Channel monitoring shows that Polymarket has launched a new prediction event: "On the second trading day of SpaceX (ticker: SPCX) on the Nasdaq, will its opening price be greater than or equal to its first-day closing price (i.e., open higher on the second day)?"SpaceX officially submitted its S-1 prospectus on May 20 and is scheduled to list on the Nasdaq on June 12. This IPO breaks tradition by adopting a fixed price of $135 per share, aiming to raise $75 billion, with a valuation of $1.75 trillion. Market traders are divided: positions betting on a higher opening on the second day are mainly supported by Starlink's strong revenue performance and the potential of space-based orbital data centers and computing power from the merger with xAI (restructured as SpaceXAI) in February 2026. Meanwhile, cautious short positions are primarily concerned about its high trailing price-to-sales (P/S) ratio of 90x, the significant losses from its AI business, and the amplifying effect of Musk's dual-class share structure on stock price volatility in the early stages of listing.Odaily Seer Channel continues to monitor the prediction market, seeing the changes before the price is set.
Zach Pandl, Head of Research at Grayscale, released a research report stating that, based on multiple on-chain valuation metrics, Bitcoin’s current price is below its long-term average, indicating it is undervalued—though not to the same extent as previous cycle lows, such as those following the FTX collapse.
10x Research stated that Bitmine raised a total of $1.92 billion through 50 equity issuances between July 2025 and June 2026, allocating nearly all proceeds toward purchasing 5,543,872 ETH—approximately 4.6% of the circulating supply. At $1,650 per ETH, its current reserve value stands at roughly $9.1 billion, resulting in an unrealized loss of approximately $10.1 billion for investors, representing a 52% drawdown from invested capital.
investor demand for SpaceX's initial public offering has surpassed $250 billion, higher than the company's planned fundraising target of $75 billion, with an oversubscription rate of approximately three and a half to four times the planned offering size.SpaceX President Gwynne Shotwell and CFO Bret Johnsen attended a lunch hosted by Morgan Stanley in Manhattan on Tuesday, meeting with around 300 institutional investors. Elon Musk briefly participated in some Zoom investor meetings during the roadshow. Investor demand may still change before the IPO pricing, which is expected to take place on Thursday afternoon. (Reuters)
According to The Information, as AI unicorns continue to attract massive capital inflows, venture capital (VC) firms are accelerating their fundraising efforts at an unprecedented pace. Founders Fund has already launched a new $6 billion fund this year to invest in late-stage growth companies—the first time in the firm’s 20-year history that it has raised capital from limited partners (LPs) less than two years after its previous fundraise. Reportedly, Founders Fund’s $4.6 billion fund raised in 2025 has been largely deployed, with capital allocated primarily across seven standout companies—averaging $600 million per investment—including AI and tech leaders such as OpenAI, Anthropic, Ramp, and Cognition. Market observers believe that the sustained heating of the generative AI sector, coupled with surging funding needs among top AI companies, is propelling the global venture capital industry into a new fundraising and investment cycle—and driving large funds to deploy and replenish capital at an unprecedented speed.
According to The Block, crypto market maker GSR has received approval from the U.S. Financial Industry Regulatory Authority (FINRA) to formally complete its acquisition of Portland-based SEC-registered broker-dealer Equilibrium Capital Services, which has now been renamed GSR Securities. Xin Song, CEO of GSR, stated that this acquisition will strengthen its compliant broker-dealer platform in the U.S., with a focus on serving institutional clients. GSR previously disclosed plans to position its business as a “Web3 investment bank”; following the acquisition, it will further expand its tokenized financing services. Additionally, GSR has been highly active this year: in April, it launched the GSR Crypto Core3 ETF on Nasdaq; in March, it acquired token advisory firms Autonomous and Architech, and invested in Libeara—the tokenization platform under SC Ventures; last month, SC Ventures—the fintech investment arm of Standard Chartered Bank—became GSR’s first external shareholder and completed its investment.
DeFi lending protocol Morpho has announced the completion of a $175 million funding round, led by a16z Crypto, Paradigm, and Ribbit Capital, with participation from Apollo Funds, Circle Ventures, VanEck, and other institutions.The report states that this funding round was priced based on the average price of Morpho tokens over the past month, corresponding to a valuation of approximately $2 billion for the protocol. Morpho allows institutions to customize lending markets and risk parameters on-chain and has already attracted adoption by institutions such as Coinbase, Kraken, Anchorage Digital, and Galaxy Digital.Data shows that Morpho's current Total Value Locked (TVL) is approximately $6.6 billion. The company stated that it will continue to expand its institutional-grade DeFi lending business and strengthen competition with lending protocols like Aave. (Fortune)
Bitcoin briefly fell below $60,000 last week, recording its worst single-week performance since the collapse of the FTX exchange in 2022. In the seven days through Sunday, Bitcoin accumulated a decline of 16%, retreating over 50% from its all-time high of over $126,000 in 2025.Multiple market analysts have warned that the current rebound may be difficult to sustain, and Bitcoin may not have reached the bottom of this cycle yet. Griffin Ardern, co-founder of Primal Fund, stated that the market is still "a considerable distance" from a "true bottom."Data shows that U.S. spot Bitcoin ETFs have recorded net outflows for 13 consecutive trading days, with total outflows reaching approximately $5.5 billion. Meanwhile, Bitcoin last week fell below the 200-week moving average, widely regarded as a key support level, further weakening market confidence. Paul Howard, a senior executive at crypto trading firm Wincent, described the current market conditions as a "silent bear market," arguing that breaking below the 200-week moving average is a significant confirmation signal that the market has entered a bear phase.Analysts point out that the ongoing U.S.-Iran conflict, the reversal of expectations for Federal Reserve interest rate cuts, and strong U.S. employment data are driving the market to reassess the rate path. A high-interest-rate environment is unfavorable for the performance of risk assets, including crypto assets. Additionally, some capital is flowing out of the crypto market into artificial intelligence and technology stock sectors.Despite this, the magnitude of the current correction is still smaller than historical bear market cycles. In past bear markets, Bitcoin typically retraced about 80% from its peak, whereas this cycle's decline is approximately 50%. Some traders believe that if the macroeconomic environment continues to deteriorate and companies holding large amounts of Bitcoin face financing pressures, the market still faces further downside risks in the future. (Bloomberg)
Bitget Wallet has opened the first subscription for SpaceX’s tokenized IPO stock, SPCXx, with a total quota of $3 million. The minimum subscription amount is $10 per user, and the maximum per user is $5,000—on a first-come, first-served basis. SPCXx is issued by xStocks, a tokenized stock trading platform. The subscription price is $135, and underwriters will charge an additional 5% fee. Subscriptions open at 4:00 PM Beijing Time on June 9 and close at 4:00 PM Beijing Time on June 11. Upon completion of the subscription period, SPCXx tokens will be automatically sent to users’ wallets, with distribution expected to be finalized by 8:30 PM Beijing Time on June 12. This subscription requires no overseas brokerage or exchange accounts, VIP tier, or holding prerequisites. Users may pay directly using stablecoins—including USDT and USDC—on Base, Ethereum, BNB Chain, Solana, and TRON. The SpaceX tokenized IPO operates via xStocks—a collaboration between Bitget Wallet and Backed. The tokenized stocks issued are fully backed 1:1 by underlying assets held by Backed. Note that the $135 subscription price is not the final fixed issuance price; the final IPO price will be determined by the issuer and underwriters based on a comprehensive assessment of order book demand, market conditions, and valuation factors. During the subscription period, users typically see only a reference price.