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Financing/Fundraising

News linked to both this project and an event.

SEC Proposes Allowing Crypto Projects to Raise Up to $75 Million Annually Without Full Securities Registration

The U.S. Securities and Exchange Commission (SEC) on Tuesday proposed new rules that would allow crypto projects to raise funds without full securities registration. The proposed "crypto asset regulation" includes two exemptions: projects raising no more than $5 million over a 4-year period, and issuers raising no more than $75 million every 12 months, subject to filing financial statements and ongoing reports. Both exemptions require information disclosure and remain subject to federal anti-fraud and anti-manipulation rules. The proposal also includes a conditional safe harbor, allowing issuers to "decouple" crypto assets from the investment contracts under which they were issued, provided SEC conditions are met. SEC Commissioner Hester Peirce stated that the exemptions will not cover all types of crypto projects, and the Commission will refine the rules based on market developments. The SEC canceled a related meeting last week citing "unforeseen scheduling issues," and resumed advancing the proposal days later. (Decrypt)

Alphabet Issues Bonds in Australia for First Time, Plans to Raise $3.6 Billion to Support AI Spending

According to Bloomberg, Google's parent company Alphabet launched its inaugural Australian dollar bond issuance on August 18, planning to raise approximately 5 billion Australian dollars (approximately 3.6 billion US dollars), with the funds raised to be used to address continuously rising AI infrastructure expenditures. The issuance is underwritten by institutions including Australia and New Zealand Banking Group (ANZ), offering Australian dollar notes with four maturities, with the longest maturity reaching 20 years.

Lightspeed Plans to Raise $600 Million for Its Secondary Fund to Boost Investment in OpenAI and Anthropic

According to Bloomberg, Lightspeed Venture Partners is seeking to raise approximately $600 million through secondary transactions to extend its investment exposure to OpenAI and other artificial intelligence companies, and to make additional investments in AI model company Anthropic. According to people familiar with the matter, the internal codename for Lightspeed's fundraising transaction is "Project Mercury", involving multiple secondary funds under Lightspeed, including the Select V Fund, the Opportunity II Fund, and portions of assets in a separately managed account. Lightspeed hopes to provide liquidity for investors through secondary market transactions while continuing to maintain long-term holdings in leading companies in the AI sector.

SEC to Consider Regulation Crypto, Potentially Allowing Certain Crypto Projects to Raise Funds Without Full Securities Registration

Odaily News: The U.S. Securities and Exchange Commission (SEC) will hold a public meeting on August 14 to consider proposing a "Regulation Crypto" rule framework that would allow certain crypto projects to raise funds without completing full securities registration. If public comment is initiated, this would mark the SEC's first formal, long-term crypto industry rulemaking. The framework is expected to establish a pathway for exiting SEC oversight: after project developers raise funds, if they no longer actively manage the project and the project achieves decentralization, it may fall outside SEC jurisdiction. SEC Chair Paul Atkins has previously stated that the exemption period could last up to four years, though the announcement did not disclose funding amount thresholds. The U.S. Senate did not advance the Digital Asset Market Clarity Act before entering its August recess. The final rule will still take several months to complete, and the meeting will be held at 10:00 a.m. ET on August 14. (Decrypt)

Erebor Bank Plans $1.5B Raise at $9.5B Valuation

Odaily News: Crypto-friendly bank Erebor Bank is in talks to raise $1.5 billion at a target valuation of $9.5 billion. The funds will be used to meet the 12% mandatory leverage ratio requirement and support loan business expansion, including a $200 million credit facility to Valar Atomics. Erebor Bank's total deposits grew from $1.1 billion in March to $4.6 billion in July, with customer growth primarily coming from the crypto, AI, and defense sectors. (CoinDesk)

Data Center Operator DayOne Confidentially Files for US IPO, Plans to Raise $5 Billion

According to Bloomberg, Singapore data center operator DayOne has confidentially filed an initial public offering (IPO) application with the U.S. Securities and Exchange Commission (SEC), planning to list in the U.S. as early as the next quarter of this year. The company plans to raise approximately $5 billion, with a listing valuation of around $20 billion. However, relevant details are still under discussion, and the offering size and timing may change.

Ethereum Institutional Completes Seed Funding Raise, Led by BitMine, SharpLink, and Ethereum Co-Founders

以太坊机构(Ethereum Institutional)宣布完成初始生态系统融资轮,获得逾 100 位生态参与者支持,锚定投资方包括 BitMNR、Sharplink 及以太坊联合创始人 Joseph Lubin、Mihai Alisie,参与者涵盖加密原生机构及个人投资者。 后续,该组织将加速与银行、资产管理公司、托管机构、金融科技及主权机构的直接接触,并联合 L2、应用团队、基础设施及托管服务商等推进以太坊机构化进程。目前该组织已开放招聘。

Bloomberg: Robotics Startup Genesis AI in Talks to Raise Approximately $500 Million

according to sources familiar with the matter, AI robotics startup Genesis AI is in talks with investors for a new funding round, planning to raise approximately $500 million, corresponding to a pre-money valuation of around $3 billion. Existing investor Premji Invest is in discussions to lead the round, while HSG (formerly Sequoia China) and Northzone Ventures are also discussing additional investments.In June this year, Genesis AI launched an AI industrial robot named Eno. The company stated that Eno is capable of reasoning "beyond predefined tasks" and adapting based on different outcomes. (Bloomberg)

Figure Plans to Raise $600M to Acquire AI Real Estate Lending Platform Kiavi

Figure Technology Solutions, a Nasdaq-listed blockchain financial platform, announced plans to issue senior secured notes to qualified institutional investors to raise $600 million, subject to market conditions. The proceeds from this financing will be primarily used for the cash consideration to acquire Kiavi, as well as for general corporate purposes and related issuance expenses. (Globenewswire)

AI Data Center Crusoe Plans to Raise $3 Billion, Valuation Could Rise to $30 Billion

AI data center Crusoe Energy Systems is in talks for a new round of financing worth approximately $3 billion. Upon completion of this round, the company's valuation is expected to roughly triple from the previous round, reaching the $30 billion range.Founded in 2018, Crusoe initially started with crypto-related businesses before transitioning into an AI infrastructure and data center service provider. It is currently categorized as one of the "neocloud" firms, a new type of cloud computing company focused on providing computational power support for generative AI. The company has signed compute supply contracts with tech giants including Meta and Oracle. As demand for AI infrastructure construction surges, the scale of its compute business continues to expand.According to previously public information, Crusoe completed a funding round of approximately $1.38 billion last year, with a valuation exceeding $10 billion. If this new round is successfully completed, it would become another large-scale capital move in the AI infrastructure sector.Market sources estimate that the final valuation for this round could be around the $30 billion level, but the deal is still in progress and has not yet been finalized. (Reuters)

Hamilton Lane's First RMB Fund Plans to Raise $220 Million

According to Bloomberg, private market investment management giant Hamilton Lane is preparing its first RMB-denominated fund, targeting to raise approximately 1 billion to 1.5 billion RMB (approximately $150 million to $220 million), with plans to complete by the end of this year; insiders revealed that the fund will raise capital from investors within China. Hamilton Lane previously raised USD funds through the Qualified Foreign Limited Partnership (QFLP) mechanism and converted them into RMB capital to invest in assets within China; its direct equity strategy fund Hamilton Lane Equity Opportunities Fund VI (EO VI) has completed fundraising of $3.8 billion. Hamilton Lane has already established a presence in the crypto sector, strategically investing in the on-chain investment platform Republic this March; its tokenized credit fund is already custodied on-chain, and the Senior Credit Opportunities Securitization Fund HLSCOPE has a total asset value of approximately $9 million on the Polygon network, primarily investing in senior secured private credit and senior secured loans in North America and Europe.

Hive Digital to Raise $100 Million via Note Issuance, Signs LOI to Deploy Approximately 10,000 Nvidia GPUs

Odaily Bitcoin mining company and data center Hive Digital Technologies has announced it will raise $100 million through the issuance of zero-coupon exchangeable senior notes due in 2031, aiming to further expand its computing infrastructure. Additionally, the company has signed a non-binding letter of intent (LOI) with a Swedish sovereign technology firm possessing an investment-grade credit rating, intending to lease approximately 30MW of computing capacity at its data center for a term of up to 10 years. Under the agreement, Hive will deploy approximately 25MW of IT computing capacity and plans to utilize up to 10,000 Nvidia GB300 GPUs. However, the LOI currently remains subject to further negotiations and the signing of a final definitive agreement. (DataCenterDynamics)

Analyst: Strategy May Need to Sell About 20,600 BTC to Raise Up to $1.25 Billion

On-chain analyst Ember posted on X platform, stating that Strategy currently has $2.55 billion in dollar reserves, which can support interest payments for one and a half years. Strategy may sell some BTC at any time soon, raising up to $1.25 billion to replenish dollar reserves, which equates to approximately 20,600 BTC at current prices. Strategy may also conduct share buybacks of up to $1 billion.

Framework Ventures Completes $400 Million Raise for Fourth Fund, Focusing on Blockchain, AI, and Robotics

Framework Ventures has announced the completion of a $400 million fundraising for its fourth fund, FVIV. The fund will focus on the frontier intersection of blockchain, AI, robotics, energy, and fintech.

Sharplink Signs Securities Purchase Agreement to Raise $75 Million to Expand ETH Reserves and Repurchase Company Shares

Odaily Odaily, Nasdaq-listed Ethereum treasury company Sharplink announced it has signed a securities purchase agreement to sell 10,013,400 common shares and corresponding warrants for 10,013,400 common shares, raising a total of approximately $75 million. The funds will be used for working capital, continuing to accumulate ETH assets, and repurchasing company shares under the stock buyback program.Sharplink also disclosed that as of June 16, the company held a total of 875,776 ETH. (B2i)

Kalshi in Talks to Raise Funding at $40 Billion Valuation

prediction market platform Kalshi is in talks to raise a new round of funding at a valuation of approximately $40 billion, with a potential deal closing as early as the third quarter. Last month, Kalshi completed a $1 billion funding round from investors including Sequoia Capital, Andreessen Horowitz, Coatue, and Morgan Stanley, at a valuation of $22 billion.Kalshi CEO Tarek Mansour stated that the company is considering an IPO, but it will not go public in 2026, with a potential listing likely no earlier than late 2027 or 2028. Kalshi reported that as of April 2026, its annualized trading volume reached $178 billion, a 32-fold increase year-over-year.Kalshi is currently embroiled in a legal dispute between U.S. state and federal regulators over the oversight of prediction markets. The controversy includes whether sports event contracts constitute derivatives regulated by the CFTC or illegal gambling. CME has sued the CFTC over its approval of Kalshi's "perpetual" futures, Kentucky sued Kalshi and Polymarket this month, and the CFTC subsequently sued Kentucky to block its enforcement action. (Decrypt)

Upexi Signs Securities Purchase Agreement to Raise Approximately $19.5 Million, Continuing Strategic Reserve Build-Up of SOL Assets

According to GlobeNewswire, Upexi, a Solana treasury company listed on Nasdaq, announced that it has entered into a securities purchase agreement to sell approximately 12.2423 million shares of common stock (or equivalent pre-funded warrants) at an offering price of approximately $1.60 per share via a private placement, raising a total of $19.5 million. The new funds will be used to repay existing debt and continue building its strategic SOL asset reserve.

Blockchain Digital Infrastructure Announces Public Rights Offering to Raise $55 Million

According to GlobeNewswire, Blockchain Digital Infrastructure, a U.S.-listed digital infrastructure developer and operator, announced its intention to issue 33,333,334 shares of common stock at a price of $1.65 per share, raising approximately $55 million in total. The proceeds will be used to support the development of AI hosting and high-performance computing digital infrastructure, capital expenditures, and general corporate purposes to drive business growth.

Polymarket: "SpaceX to Raise $70B-$80B in Its IPO" probability now stands at 88%, up 20% intraday

Odaily Seer monitoring shows that the probability of "SpaceX raising $70B-$80B in its IPO" on Polymarket is now at 88%, up 20% intraday.The market settles based on the total funds raised at the time of SpaceX's IPO pricing, according to data disclosed in the SEC's final prospectus. Over-allotment option shares are not counted, nor are private secondary transactions. If the amount raised falls exactly at a boundary point, it settles at the higher bracket; if the IPO is not completed by December 31, 2026, it settles at the lowest bracket.Previous news: Elon Musk's SpaceX disclosed in a filing with the U.S. Securities and Exchange Commission (SEC) on Wednesday that it plans to fix the offering price at $135 per share (consistent with the price disclosed by sources) before officially launching IPO roadshow activities. SpaceX stated it plans to issue 555.6 million shares, thereby raising $75 billion.Odaily Seer continues to monitor the prediction market, seeing changes before the price is set.

Datavault AI to Raise $2 Billion to Expand GPU Edge Computing Network

According to Businesswire, Nasdaq-listed digital asset treasury company Datavault AI announced that it has signed a non-binding financing agreement to complete a $2 billion structured financing in four tranches. The counterparty will subscribe to newly issued shares of Datavault AI at a price per share ranging from $1.55 to $2.00, backed by collateral financing from Datavault AI’s digital asset exchange and RWA tokenization business. The new funds are intended to expand Datavault AI’s SanQtum GPU edge computing network, support platform development, and repay existing debt.