News linked to both this project and an event.
Odaily Planet Daily reported that Lorenzo Valente, Head of Digital Asset Research at investment firm ARK Invest, stated that Hyperliquid is in discussions with the CFTC and SEC to facilitate the offering of perpetual futures on its public chain by U.S.-regulated companies. He suggested that Hyperliquid acquire Gemini to position it as a U.S.-regulated HIP-3/4 deployer. He noted that Gemini's current market value is approximately $450 million, representing a decline of over 85% from its $3.3 billion valuation at the time of its 2025 IPO. Hyperliquid could obtain Gemini's entire U.S. regulatory infrastructure—including the NYDFS Trust Charter, DCM, DCO, FCM, MTLs, and Broker-dealer—for approximately $450 million.He further proposed that Hyperliquid could use approximately 7.9 million HYPE tokens from its community reserve, valued at around $550 million at $70 per token, to complete the acquisition at a premium of roughly 20% over Gemini's current market value. Following the transaction, Gemini would handle KYC, custody, fiat on/off ramps, brokerage, clearing, and compliance for the U.S. market, while Hyperliquid L1 would provide the underlying market infrastructure, liquidity, and on-chain settlement. He cited Polymarket's acquisition of QCEX as a similar precedent for re-entering the U.S. market, and stated that the core of this potential deal is not acquiring an exchange, but rather securing the regulatory bridge for HIP-3/4 to enter the U.S. market.
According to STAR Market Daily, humanoid robotics company Current Robotics (Yuanliu) has publicly disclosed its financing progress for the first time, having completed seed, angel, and Pre-A funding rounds with a cumulative total of several hundred million RMB. Financial investors include Baidu Ventures, Hillhouse Capital, Oasis VC, Monolith Capital, Qianhai Ark, FSG Investment Management, and Junshan Capital; strategic partners include Agibot, StarSea, and JiKe Technology. The proceeds will primarily be used to advance large-scale acquisition of human full-body data, with a key focus on the research and development of core technologies such as whole-body dexterous manipulation foundation models and interactive world models.
According to BeInCrypto, ARK Invest founder Cathie Wood recently expressed a view that overturns the market's traditional perception of open-source AI. She pointed out that the capabilities of open-source models such as Meta, Mistral, and DeepSeek are continuously enhancing, which instead expands the cybersecurity attack surface, forcing enterprises to continuously procure frontier AI as a defense layer, thereby driving revenue growth for OpenAI and Anthropic rather than harming them. Data from the UK AI Safety Institute shows that the cyber attack capabilities of open-source models have caught up to the level of frontier models from 4 to 7 months ago. Wood named OpenAI, Anthropic, and SpaceXAI as the three companies most likely to capture the bulk of AI model revenue; ARK currently holds positions in all three companies. Currently, Anthropic has already submitted an S-1 filing at a valuation of nearly $1 trillion, and OpenAI is expected to go public in September 2026.
Odaily News Ark Invest, the asset management firm founded by Cathie Wood, disclosed that on August 6, it purchased 267,676 shares of Block stock, valued at approximately $21 million; on the same day, it increased its holdings by 20,318 shares of SpaceX, valued at approximately $2.3 million. Block, formerly known as Square, was renamed by Jack Dorsey in 2021. It has held Bitcoin on its corporate balance sheet since 2020 and offers BTC buy/sell services to retail customers via Cash App. In recent months, Block has also expanded related operations through its Bitkey hardware wallet and its Bitcoin mining hardware division, Proto. SpaceX listed on Nasdaq in June under the ticker SPCX, with an issue price of $135, raising approximately $75 billion and reaching a valuation of nearly $1.8 trillion. Ark's purchase came about two months after SpaceX's listing.
: AI dining platform Wonder announced the completion of a $650 million financing round, with participation from Accel, Google Ventures (GV), and NEA. New investors include ARK Invest, AllianceBernstein, and Kayne Anderson, with Goldman Sachs, Jefferies, and JPMorgan serving as placement agents. The company is developing an AI platform called "MEL," which automatically plans and orders meals tailored to individual needs by analyzing users' biometric indicators and physical conditions. It is reported that Wonder's post-money valuation has reached $9 billion, and the company plans to launch its initial public offering (IPO) early next year. (Fortune)
According to official sources, Summer.fi released a post-mortem stating that on July 6, the attacker manipulated the share prices of two Lazy Summer USDC vaults by injecting overvalued Silo tokens into an offline Ark still included in the NAV, and extracted approximately $6.04 million in a single atomic transaction.
Hydra Host, a data center software startup and AI server intermediary platform, has completed a $100 million funding round at a post-money valuation of nearly $800 million. The round was led by Kindred Ventures. Other investors include Nvidia, ARK Invest, Magnetar Capital (an early investor in CoreWeave), and existing shareholders Founders Fund and Flume Ventures.Founded in 2021, Hydra Host initially served cryptocurrency miners but has since pivoted to providing automation software for data center operators. This software enables them to rent out idle Nvidia AI server computing power and operate a GPU matching marketplace connecting GPU holders with renters. The company has now deployed its technology across 50 data centers globally, expanding from 30 in February of this year. (The Information)
Odaily ARK Invest stated that SpaceX's upcoming IPO could become a historic capital markets event, with the company's overall valuation potentially approaching the $2 trillion level. Brett Winton, Head of Portfolio and Research at ARK, said on CNBC that SpaceX's IPO is priced at approximately $135 per share, corresponding to a valuation of around $1.77 trillion, and plans to list on Nasdaq on June 12.Winton pointed out that SpaceX's core value comes not only from its rocket launch business but more so from its rapidly expanding satellite internet network, Starlink. This network currently has a bandwidth capacity of approximately 500 Tbps, generating an annual revenue of around $13 billion. It is expected to significantly reduce launch costs with the Starship rocket, accelerating satellite deployment and network expansion. He believes that as AI applications proliferate rapidly, the demand for global communication and computing infrastructure will further increase, positioning SpaceX as a key infrastructure provider in this trend. ARK also estimates that the AI foundation model industry could create between $15 trillion and $20 trillion in enterprise value by 2030.Currently, ARK holds approximately 11.4% of SpaceX's private shares through its venture capital strategy and considers it one of its core long-term holdings. The fund has risen about 15% so far this year, with gains exceeding 70% over the past 12 months. (CNBC)
AI hardware startup Hark announced the completion of a $700 million funding round, reaching a post-investment valuation of $6 billion. This Series A round was led by Parkway Venture Capital, with participation from NVIDIA, AMD Ventures, ARK Invest, Brookfield, Greycroft, Intel Capital, Qualcomm Ventures, Salesforce Ventures, and others. The new funds will be used to expand GPU infrastructure and accelerate large model research and development. (Bloomberg)
AI startup Hark announced it has raised $700 million in funding, achieving a post-money valuation of $6 billion. This Series A round was led by Parkway Venture Capital, with participation from NVIDIA, AMD Ventures, ARK Invest, Brookfield, Greycroft, Intel Capital, Qualcomm Ventures, and Salesforce Ventures.
sources revealed prediction market platform Kalshi has raised an additional $200 million from Baillie Gifford and Layer Global, further expanding the $1 billion funding round previously led by Coatue Management, while maintaining a company valuation of $22 billion.Earlier this month, Kalshi announced the completion of a $1 billion Series F round, with participants including Sequoia Capital, a16z, IVP, Paradigm, Morgan Stanley, and ARK Invest.Data shows that Kalshi's monthly trading volume in April exceeded $14 billion, with annualized revenue surpassing $1.5 billion. (Bloomberg)
Odaily. Bernstein stated in its latest research report that the newly reached compromise on stablecoin yields under the U.S. CLARITY Act is structurally beneficial for Circle and the USDC ecosystem.The report notes that the current version of the bill prohibits stablecoin issuers from paying interest to passive holders that is "economically equivalent" to bank deposits, but allows reward mechanisms tied to actual transaction, payment, and usage activities to continue. Bernstein believes this means Circle's current model, which relies on partners like Coinbase to provide USDC reward programs, will gain regulatory recognition, while also limiting the industry's ability to compete for market share through high yields.Bernstein points out that the bill effectively reinforces the positioning of stablecoins as "payment tools" rather than "deposit substitutes," helping to protect Circle's current business model that relies on reserve income. The firm maintains an "Outperform" rating for Circle with a $190 target price.Data shows that the total global supply of dollar-pegged stablecoins has surpassed $300 billion, with USDT and USDC collectively accounting for approximately 97% of the market share. Bernstein notes that USDC's share in on-chain payments and wallet transfers is steadily increasing, and its share of payments in the AI Agent payment protocol x402 has exceeded 99%.Additionally, Bernstein mentioned that Circle's ARC chain has cumulatively completed 244 million testnet transactions. The ARC token pre-sale previously raised $222 million, with investors including a16z crypto, Apollo Funds, ARK Invest, and BlackRock.However, the report also points out that the CLARITY Act still needs to complete multiple legislative procedures before it takes effect, including a 60-vote threshold in the full Senate and coordination with the House version. Polymarket currently estimates its probability of passage by 2026 at approximately 62%. (The Block)
Cathie Wood posted on X platform, stating that ARK participated in Kalshi's latest funding round, believing that prediction markets are emerging as a new layer of financial infrastructure, enabling real-time price discovery around events, probabilities, and the evolving state of the world. Kalshi is at the forefront of this innovation, and ARK supports the team in pushing the boundaries of how information is aggregated and expressed through markets.
Circle has released its financial results for the first quarter of fiscal year 2026. The data shows that as of the end of the first quarter, the circulating supply of USDC reached $77 billion, a year-over-year increase of 28%; on-chain transaction volume for USDC in the first quarter reached $21.5 trillion, up 263% year-over-year.The financial report indicates that Circle's total revenue and reserve income for the first quarter was $694 million, a 20% increase year-over-year; adjusted EBITDA was $151 million, up 24% year-over-year; net profit was $55 million, a 15% decrease year-over-year.Additionally, Circle disclosed that its ARC Token pre-sale raised $222 million, with a fully diluted valuation of $3 billion. Participants included institutions such as a16z crypto, BlackRock, and ARK Invest. The company also announced the launch of the "Agent Stack" infrastructure for AI agent scenarios, including products like Agent Wallets and Agent Marketplace, designed to support AI agent payments and commercial activities based on USDC.