News linked to both this project and an event.
Odaily News According to Gate Ventures' latest weekly report, global risk assets have shown a clear recovery over the past week, with major US stock indices collectively hitting new all-time highs. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average rose 3.58%, 5.19%, and 2.96%, respectively. The crypto market also rebounded in tandem, with BTC up 2.1% on the week and ETH up 1.4%, bringing the total cryptocurrency market cap up 1.4%. On the capital flows front, BTC spot ETFs recorded net inflows of $853 million for the week, while ETH spot ETFs saw net inflows of $244.9 million, indicating further improvement in institutional demand.In terms of industry developments, the integration of traditional finance and blockchain continues to advance. BlackRock has appointed JPMorgan to push forward the tokenization of a European money market fund, exploring 24/7 transfer of blockchain-based fund shares. Grayscale has filed an S-1 registration statement for the first US Worldcoin ETF, further deepening the connection between digital assets and traditional financial markets. Stablecoin infrastructure also remained active, with Yellow Card completing a $40 million strategic funding round and planning to expand its stablecoin account and payment infrastructure into Latin America and the Asia-Pacific markets.On the investment and financing front, eight deals were completed last week, with total disclosed funding reaching $90.64 million, focused on the infrastructure track. Overall, market risk appetite has seen some recovery, with institutional-grade blockchain infrastructure, stablecoins, and asset tokenization remaining key areas of continued industry focus.
Odaily News Nvidia-backed AI cloud computing provider Lambda is raising $917 million through the leveraged loan market to procure AI chips. As artificial intelligence infrastructure construction accelerates, chip financing is emerging as a new avenue for capital investment in the AI industry.Lambda belongs to the rapidly growing camp of "neoclouds" in recent years, primarily offering GPU computing power and AI infrastructure services to enterprises and developers. This financing plan will be carried out through a GPU-backed loan based on GPU asset-related rights, designed to support the company in expanding its AI computing resources.According to reports, AI infrastructure companies are actively exploring new financing methods to meet the massive capital investments required to build large-scale computing clusters. Previously, AI cloud service provider CoreWeave completed the first chip financing transaction in the institutional leveraged loan market, providing a new financing model for the industry.As demand for generative AI continues to grow, Nvidia GPU supply has become a core resource for AI companies' expansion. By using GPU assets as a financing basis, AI cloud providers can rapidly scale up computing capacity without relying entirely on equity financing, while also bringing traditional credit markets into the wave of AI infrastructure investment. (Bloomberg)
Odaily News: UMX (The Unified Market Exchange), incubated by Avenir Group under Li Lin, has announced the launch of an invitation-only public beta.According to the introduction, UMX is positioned as a crypto-friendly securities platform for global professional investors, integrating crypto assets and real securities trading on the same platform to improve capital efficiency in cross-asset trading. During the public beta phase, the platform offers crypto spot, leverage, futures, and options trading, as well as real US stocks, ETFs, and US stock options trading.This public beta focuses on opening the capital flow channel between crypto assets and securities accounts. UMX has designed cross-market fund transfers, financing, and crypto-to-stock conversion mechanisms. Users can use "Convert & Transfer" to automatically convert stablecoins such as USDT into USD and transfer them to securities accounts with one click, or use "Borrow & Transfer" to collateralize non-stablecoin crypto assets to gain purchasing power for trading US stocks, ETFs, and US stock options. After completing fiat account verification, users can also open a personal fiat account under their own name for fiat deposits and withdrawals. Securities holdings can also be converted into corresponding stock tokens via the "Stock-to-Token" function, which can be counted toward crypto trading account margin at a corresponding discount rate, and these stock tokens can also be converted back into the corresponding securities assets.Around cross-asset capital efficiency, the platform has introduced a cross-asset margin mechanism, where eligible wealth management assets can also be used as margin. During the public beta, the platform has also launched BTC and USDT wealth management products, with maximum annualized returns of up to 2.5% and 5.5%, respectively. UMX stated that this model aims to reduce the operational costs incurred by professional investors from frequent fund transfers and fragmented account management, while providing a unified capital and risk management framework for cross-asset allocation.This public beta is invitation-based. Users who have obtained a beta code can complete registration via the UMX official website (umx.com) to experience the currently available products and services; users who have not yet received a beta code can reserve the official version, receive launch notifications, and participate in the early-bird benefits program.
Odaily News Unitree Technology (688836.SH), the "first humanoid robot stock on the A-share market," has drawn significant market attention for its IPO subscription. The company's issuance price-to-earnings ratio has reached 219.23 times, significantly higher than the industry average of approximately 38.56 times, with the effective subscription multiple in the offline inquiry phase surpassing 2,618 times.In addition, primary market investors have already reaped considerable returns. Variable Capital invested only 2.09 million yuan in 2018, and its return multiple has now soared to over 174 times. Sequoia Capital China has injected a cumulative total of approximately 102 million yuan over the years, and based on the issuance price estimate, its shareholding market value is approaching 3 billion yuan. Meituan-affiliated entities collectively hold a 9.65% stake through multiple investment vehicles, with book gains exceeding 3.6 billion yuan.However, contrasting with the high returns in the primary market, secondary market investors will face a game between high valuations and limited floating chips. Unitree Technology will publicly issue approximately 40.44 million shares this time, with the initial online offering ratio at only about 16%, while the remaining shares are mainly allocated to institutional investors through strategic placement and offline inquiry. Based on a total share capital of approximately 404 million shares after issuance, the floating shares on the first trading day will be around 29.77 million shares, accounting for about 7.36% of total share capital, with over 90% of shares remaining locked up.Currently, Unitree Technology has not yet announced a specific listing date. Following the STAR Market's new share issuance process, the company is expected to officially begin trading as early as mid-August. (Tencent Technology)
Odaily News: Data released today by the Korea Exchange shows that heavyweight semiconductor stocks have recently pulled back, with capital beginning to rotate toward non-semiconductor sectors. From August 3 to 7, Samsung Electronics fell 12.00%, SK Hynix dropped 17.23%, and the KOSPI index declined 5.10% over the same period; however, sectors such as metals and machinery equipment rose against the trend.Currently, the combined market capitalization of Samsung Electronics and SK Hynix as a share of the KOSPI has fallen from 58.9% on June 25 to 46.3% on August 7. Meanwhile, the KOSPI's net profit forecast for this year, excluding these two companies, has been revised upward from 219.2 trillion KRW last week to 222.3 trillion KRW, with improving market earnings further supporting the valuation recovery of non-semiconductor sectors. KB Securities researcher Kim Min-kyu stated that the current "semiconductor pause, other sectors rising" pattern is closer to previously overlooked industries being revalued while the leading sector takes a breather, rather than a simple broad-based expansion of the market rally. (FNNews)
Unitree Technology will launch IPO subscription on Monday. According to public information, its offering price is 150.8 yuan, corresponding to an offering market cap of approximately 61 billion yuan. According to monitoring by on-chain analyst Yu Jin (@EmberCN), currently, the pre-market contract price on the Hyperliquid platform is approximately 88 USD (about 587 yuan), corresponding to a market cap of approximately 237.4 billion yuan, which is about 3.9 times higher than the valuation corresponding to the offering price. Calculated based on the pre-market price, if winning one lot of 500 shares, the potential profit is approximately 220,000 yuan. In addition, calculated based on a maximum subscription of 12 lots, the probability of winning one lot is approximately 0.3%.
Odaily News: Cryptocurrency exchange BitMEX failed to find a buyer before deciding to gradually wind down operations in June. A source familiar with the matter stated that reputational burdens, slowing growth, and founder control were factors that led potential acquirers to walk away from negotiations. The source noted that BitMEX's business has been in continuous decline, making it difficult for the exchange to command a valuation based on growth expectations.
According to EU-Startups, Cyprus-based enterprise AI customer service company Omilia announced the completion of a €58.1 million (approximately $67 million) Series B financing round led by Expedition Growth Capital. The funds will be used to accelerate business expansion in North America and globally, with plans to open its first U.S. office in the second half of 2026. Founded in 2002, Omilia focuses on providing self-learning agent CX solutions for enterprise call centers using its proprietary voice AI technology, and the platform supports compliance standards such as FedRAMP, PCI-DSS, SOC 2, HIPAA, and GDPR.
: Fintech company Stripe is in exclusive acquisition negotiations with AI model aggregation platform OpenRouter, with a transaction valuation of approximately $10 billion. If completed, this would become one of Stripe's significant moves in the AI sector in recent years. Stripe has primarily focused on payment infrastructure, financial services, and enterprise software, and acquiring OpenRouter could further drive its expansion into AI developer infrastructure.According to sources familiar with the matter, OpenRouter has previously received acquisition interest from multiple major tech companies, but Stripe has now entered the exclusive negotiation phase. The deal has not been finalized yet, and specific terms may still change. Founded in 2023, OpenRouter positions itself as an AI infrastructure platform connecting users with various large language models, allowing developers to access AI models from companies such as OpenAI, Anthropic, and Google through a unified interface, and select different models based on performance, price, and availability. (The Information)
Odaily Odaily News: Michael Saylor, Executive Chairman of bitcoin treasury company Strategy, stated that AI is transforming the way wealth is created, and that both businesses and individuals should not attempt to compete with machines, but rather use AI to amplify their own capabilities. Saylor noted that he used ChatGPT to help Strategy design a bitcoin-based preferred stock financing plan, which ultimately helped the company raise approximately $15 billion through an IPO and related financing. Saylor believes that the core advantage in the AI era is not repeatedly performing tasks that machines can handle, but rather asking better questions and leveraging AI to explore new opportunities that were previously impossible. (Fortune)
According to Bloomberg reports, SpaceX stock performed relatively steadily on Thursday following the expiration of the lock-up period (lock-up agreement) restricting insiders from selling shares, involving the unlocking of up to approximately 911.5 million shares valued at about $100 billion based on current valuation. Trading data shows SpaceX stock price fluctuated within a range of less than 3% during early trading, as the market digests the potential selling pressure brought by this large-scale share release. Trading volume in the first 30 minutes after the opening approached 93 million shares, accounting for about 40% of the total volume of the previous trading day. This unlocking occurred shortly after SpaceX announced its first earnings report. Previously, SpaceX stock price once fell about 14% due to investor concerns that the company's investment scale in artificial intelligence business was higher than expected. However, most Wall Street analysts still maintain a long-term optimistic view on the company. Market focus includes SpaceX's future investment plans in AI, satellite internet, and mobile communication businesses. Despite facing capital expenditure pressure in the short term, analysts believe the company's leading position in rocket launches, Starlink satellite network, and commercial space sectors remains an important factor supporting its long-term valuation. This stock unlocking of about $100 billion has also become an important event for the market to test investor confidence after SpaceX's listing. The lack of significant stock price fluctuations indicates that the market had certain expectations regarding the liquidity release from internal shareholders.
According to DealStreetAsia, Singapore-based AI infrastructure startup Acrab has announced the completion of a $130 million Series B funding round, led by existing investors Vertex Ventures Southeast Asia & India Fund and Vertex Growth, with new investors participating. The specific identities of the new investors and the valuation for this round remain undisclosed. Upon completion of this round, Acrab's cumulative fundraising total has exceeded $480 million, including capital raised prior to its official public launch earlier this year. Established in 2024, Acrab specializes in developing a full-stack AI computing platform integrating custom chips, edge AI models, and software orchestration capabilities to support AI agents in executing tasks in real-time.
Odaily News – Laser Digital, the digital assets division of Japanese financial group Nomura, has announced a strategic investment in ZIGChain, a Layer 1 blockchain project based in the UAE. The two parties will collaborate to advance the on-chain adoption of the private credit market in the Middle East and Gulf region, including Sharia-compliant asset products.Neither party disclosed the specific investment amount, but market sources indicate the investment is in the high single-digit millions range. ZIGChain has already partnered with Standard Chartered and crypto-friendly fund services provider Apex Group, focusing on on-chain asset management and private credit infrastructure development. (CoinDesk)
Odaily News: Arthur Hayes posted on the X platform, stating that his article "Situationship" discusses how the AI bubble will burst and why monetary easing will push BTC back into a bull market. He believes that the key variable in determining whether AI is a bubble lies in the internal framework question, namely that investors should distinguish whether AI capital expenditure represents technology or real estate. The current market treats trillion-dollar-scale construction as technology and assigns high-growth valuation multiples. However, he argues that AI capital expenditure is essentially another form of real estate investment, except that the computing power within data centers will create silicon-based life forms, helping human civilization develop in the most profound way since the railroads. Arthur Hayes stated that the distinction between real estate and computing power is important because hedge funds, banks, private credit funds, and ultimately governments are financing data center and power plant construction as if they were lending to Apple, rather than lending to Lehman Brothers. He believes that the bursting of the AI bubble will occur when financial intermediaries, with the tacit support of the Chinese and US governments, overbuild data centers and related infrastructure. Therefore, the AI bubble is a credit story similar to 2008, not a profit story similar to 2000.
According to Forbes, San Francisco-based cybersecurity company Horizon3 completed a $250 million Series E funding round co-led by NightDragon and NEA, valued at over $2 billion, representing more than a threefold increase from its valuation of approximately $650 million a year ago. The funding round was oversubscribed, with the company's annual recurring revenue growth reaching 120% and customer count exceeding 6,500, including the National Security Agency (NSA), the Cybersecurity and Infrastructure Security Agency (CISA), and four Fortune 10 companies.
Odaily News: Ripple announced strategic investments in ZILO and Licuido, stating that these deals will bring regulated transfer agency, securities issuance, and collateral liquidity features to its XRP Ledger-based infrastructure.
Minicoin, an IP RWA network built on the Creditcoin blockchain, has announced that its native token, MINI, will be the first project to launch on the PenguinSwap Launchpad.In addition, Mini Labs, the development company behind Minicoin, has received official authorization from IPX. Minicoin will mint each piece of intellectual property into IP NFTs representing full ownership. The platform ecosystem includes an on-chain IP registration system, smart contract-based revenue settlement (settled in MINI), creator and fan incentive mechanisms, and AI creation tools.Currently, the survival adventure game "minini universe: ROOM" has been deployed on the PenguinBase platform. Users can qualify for the MINI Launchpad public offering by playing the game, leveling up, and minting SBTs.
PPP Prediction Market Tool monitoring shows that on Polymarket, the probability of "GRVT FDV above $350M one day after launch" has dropped to 6%, down 25% in the past 24 hours.This event will be settled on day 1 after the GRVT governance token goes live, based on whether its fully diluted valuation (FDV) is higher than the specified value in the title.If the FDV on day 1 after the GRVT token listing is higher than the specified value, the event settles as "Yes"; otherwise, it settles as "No".For the token listing, it must meet the conditions of being publicly transferable and tradeable. FDV will be calculated by multiplying the total token supply by the token price."Day 1 after listing" is defined as 16:00 (ET) on the next calendar day after the listing date. The settlement price will reference the most liquid price source.Previously reported, Binance Futures has listed the GRVTUSDT perpetual contract with up to 10x leverage.Join the PPP Signal Push Community to stay ahead and seize the opportunity.
According to The Defiant, Paris-based startup Kulipa suddenly ceased operations due to solvency issues, causing the simultaneous disruption of card projects for approximately 20 crypto wallets and fintech companies it served. Self-custody wallet Ready (formerly Argent) and Solana wallet Solflare were both affected, with user card services immediately disabled. Since both wallets utilize a self-custody architecture, funds are deducted from user wallets only at the time of spending, so user assets remained unaffected. Notably, Kulipa completed a $6.2 million seed funding round co-led by Flourish Ventures and 1kx in April this year, only about 4 months prior to its collapse.
According to TNW, AI security operations startup Mate Security announced the completion of a $35 million Series A funding round led by Canaan Partners, with participation from Insight Partners, Team8, and Microsoft's venture fund M12, bringing total funding to over $50 million. This comes less than a year after the company emerged from stealth mode. Mate Security was founded by former employees of Wiz and Microsoft. Its core product is the "Security Context Graph," which empowers AI security agents with business context by building an organizational knowledge layer, enabling them to make judgments based on actual enterprise operational conditions when handling alerts, effectively reducing false positive rates.