News linked to this event type.
According to TechFundingNews, crypto financial infrastructure firm Cycles has announced the completion of an $6.4 million seed funding round, led by Blockchange Ventures, with participation from Coinbase Ventures, Compound VC, and Primitive Ventures. Following this round, the company’s total funding has reached $8.7 million. Cycles aims to build a private clearing network for crypto markets and enhance capital efficiency through its “clearing network” mechanism. By leveraging zero-knowledge proofs and trusted execution environments, the network enables multilateral netting settlement—reducing counterparty risk and minimizing liquidity usage.
DDC Enterprise Limited, a Bitcoin treasury company listed on the New York Stock Exchange, announced an additional purchase of 200 Bitcoins, bringing its total holdings to 2,583 and further strengthening the crypto asset allocation on its balance sheet.The average cost of this transaction was approximately $79,496 per coin. The company stated that no new shares were issued for this purchase. Without equity dilution, the Bitcoin holdings per 1,000 shares increased by 8.4% to 0.0543 BTC.According to the disclosure, DDC's BTC yield since the beginning of the year has reached 36.6%. With its current scale, the company ranks among the top 30 publicly listed companies globally in terms of Bitcoin holdings. The company emphasized that the closed loop of "value-added financing + value-added allocation" has been completed and plans to continue increasing BTC holdings in the coming weeks and months. The specific pace will depend on liquidity and balance sheet conditions, rather than short-term price fluctuations. (Businesswire)
According to Bloomberg, the three founders of Manus are exploring multiple options to comply with Beijing’s requirement to unwind Meta Platforms Inc.’s acquisition of the company—including raising approximately $1 billion from external investors to repurchase the China-founded AI firm. Sources familiar with the matter said the three founders are in discussions regarding a funding round valued at no less than the $2 billion Meta paid; the founders may also personally fund the remainder of the transaction. If this plan moves forward, the next step could involve first establishing a China-based joint venture with relevant investors, followed by an IPO in Hong Kong.
on-chain card trading platform Fantasy.top has announced its decision to shut down after months of deliberation and exploring other options. Co-founder Kipit stated that the core reason for the failure was building crypto technology on top of a trading card game model, as the two are fundamentally incompatible. Crypto trading card games place financial value as the primary entry point for players, attracting investors rather than gamers. This leads the project to become about managing an economy rather than building a game. Furthermore, Kipit pointed out that issuing tokens before achieving product-market fit is toxic.In response to earlier accusations of refusing refunds, the official statement reiterated that since the business was self-funded through product revenue, investor funds were never touched. All pre-seed and seed round investors will receive full refunds. (theblock)
According to the official announcement, Bybit has launched pre-market perpetual contracts for SpaceX (SPCX/USDT), offering up to 10x leverage. SpaceX is scheduled to officially list on the Nasdaq on June 12 under the ticker symbol SPCX, with its IPO aiming to raise up to $75 billion. For more details, please visit the Bybit official platform.
BNB Smart Chain project IOTrader has announced the completion of a $3.8 million strategic funding round, led by Animoca Brands and ViaBTC Capital, with participation from Everwood Capital, CANDAQ, WAGMI Ventures, Credit Scend, and Web3 Labs. The project primarily focuses on integrating perpetual futures, prediction markets, custom event markets, and AI-assisted trading into a single wallet experience on the BNB Smart Chain.To date, the platform's cumulative trading volume has surpassed $1 billion, and its smart contracts have undergone third-party security audits. Its token whitepaper has been notified to the Central Bank of Ireland under the EU MiCA framework. (businessinsider)
Syndicate Labs stated that after five years of developing on-chain infrastructure for customizable Ethereum Rollups and sequencers, the company has decided to shut down due to a drastic contraction in the Rollup market. Syndicate Labs previously completed a $20 million Series A funding round led by Andreessen Horowitz in 2021.This decision caused the SYND token price to drop 21% in the past three hours, hitting an all-time low of $0.012, a 99.5% decline from its peak of $2.61 in September 2025.Additionally, Syndicate Labs stated that the Syndicate Network Collective operates independently of Syndicate Labs, so the governance of the SYND token will not be immediately affected. The decision to shut down was not influenced by the previous hacking incident involving bridged assets.
According to Bloomberg, prediction market platform Kalshi Inc. has added two new institutional investors, raising an additional $200 million and bringing the total funding for this round to over $1.2 billion. The newly added investors are Layer Global, led by Anton Levy, and the prominent asset management firm Baillie Gifford—both of which are investing in Kalshi for the first time.
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)
According to The Wall Street Journal, Anthropic disclosed to investors that its revenue for Q2 2026 is expected to surge 130% year-on-year to $10.9 billion, marking its first-ever operational profitability. These figures were released as part of the company’s ongoing new funding round; upon completion, Anthropic’s valuation is poised to surpass that of OpenAI. Analysts note that this earnings outlook challenges the widespread skepticism about AI companies’ ability to achieve short-term profitability amid substantial expenditures.
Monitoring by Odaily Seer Prophet Channel shows that on predict.fun, the probability of "Variational's FDV market cap exceeding $500 million one day after opening" has risen to 57%, up 12% in 24H. Additionally, the probability of "Variational's FDV market cap exceeding $800 million one day after opening" has risen to 36%.Last night, Variational announced the completion of a $50 million Series A funding round, led by Dragonfly Capital, with participation from Bain Capital Crypto and Coinbase Ventures.Odaily Seer Prophet Channel continues to monitor the prediction market — seeing changes before they are priced in.
According to DefiLlama data, Variational's open interest exceeds $800 million, ranking fourth in the Perp DEX sector. Notably, among the top five Perp DEXs by open interest, Variational is the only platform that has not yet issued a token.Previously, it was reported that last night Variational announced the completion of a $50 million Series A funding round, led by Dragonfly Capital.
According to a report by WSJ, Anthropic's revenue is expected to reach $10.9 billion in the second quarter, more than doubling from $4.8 billion in the first quarter, and the company is projected to achieve operational profitability for the first time. However, due to its massive computing power demands, profitability may not be sustained throughout the entire year. The operating profit calculation has already factored in costs for training new models but excludes stock-based compensation expenses.As part of an ongoing funding round, Anthropic disclosed these figures to investors. This funding round is likely to push its valuation above that of OpenAI.Last summer, Anthropic shared financial data with investors, which at the time indicated that the company would not achieve full-year profitability until at least 2028.
According to CoinDesk, cryptocurrency custody firm Copper is seeking to sell the company at a valuation of approximately $500 million and has engaged Wall Street investment bank Cantor Fitzgerald to assist with the transaction. Copper’s core asset is its ClearLoop custody-based settlement system, which enables institutional clients to execute delivery versus payment (DvP) transactions without moving assets on-chain, effectively eliminating settlement risk. The company currently boasts over 1,000 active counterparties and processes over $50 billion in notional trading volume monthly. Copper had previously considered an IPO, but the broader crypto IPO market has entered a wait-and-see phase amid sluggish Bitcoin prices and the capital-attracting effect of the AI sector.
Odaily Odaily Mars Finance reported that SpaceX, under Elon Musk, has announced plans for its largest-ever IPO, providing investors with a comprehensive breakdown of the company's financial details, which encompass rocket launches, satellite broadband, and artificial intelligence businesses. According to the prospectus filed with the U.S. Securities and Exchange Commission (SEC) on Wednesday, the company reported sales of $4.7 billion in the first three months of this year and an operating loss of $1.9 billion. Musk will hold 85.1% of the voting rights after the IPO. The company also plans to conduct mining operations on near-Earth asteroids. The filing also shows that Anthropic will pay SpaceX $1.25 billion per month until May 2029. Although the offering size and proposed valuation have not been disclosed, media reports have previously stated that SpaceX discussed raising approximately $75 billion at a valuation of $1.75 trillion. SpaceX will be listed on the Nasdaq under the ticker symbol SPCX. (Jinshi)
Morgan Stanley Global Head of Technology M&A Wally Cheng said that as companies race to fill technological gaps in areas such as chips, electricity, networking, and infrastructure, mergers and acquisitions in the artificial intelligence field are covering all sizes and expanding across multiple industries. Cheng stated: "I believe transaction activity will cover the full spectrum, including both private and public companies." While the semiconductors providing computing power for AI have attracted attention due to their "technological miracle" attributes, the infrastructure surrounding these chips also holds significant value, including areas such as networking, storage, electricity, and real estate. Cheng said that valuations in the AI industry remain "very difficult" because a balance must be struck between "imaginative unicorns with rainbow-like prospects" and actual execution risks. Evercore Senior Managing Director of Technology Investment Banking Tammy Kiely echoed similar views. She said potential acquirers must assess the potential value they themselves can create while weighing the cost of missing out on opportunities. (Jinshi)
fintech company Mercury has announced the completion of a new $200 million funding round, led by TCV with participation from Sequoia Capital, Andreessen Horowitz (a16z), Coatue Management, and other institutions.Mercury primarily provides banking services to startups. It currently serves over 300,000 clients and has achieved approximately $650 million in annualized revenue. The company stated that the recent surge in AI entrepreneurship has significantly driven demand for new company registrations and account openings, serving as a key growth driver.Meanwhile, Mercury also announced that it has received conditional approval from the Office of the Comptroller of the Currency (OCC) to apply for a federal banking charter. This would enable it to expand lending capabilities, gain access to payment networks like Zelle, and reduce its reliance on partner banks. The company's founder stated that the long-term goal remains an independent IPO rather than an acquisition. (CNBC)
amidst the US earnings season and the continuous advancement of AI narratives by tech giants, according to official sources from Bitget, the platform has recently added 10 new US stock contract targets. As a result, Bitget's Universal Exchange (UEX) now supports 263 US stock tokens and 81 US stock contracts. The total number of US stock-related assets tradable across the entire platform has exceeded 340.This week enters a period of密集 earnings reports and macroeconomic data releases. Through continuous expansion, Bitget aims to provide users with a wide range of cross-market asset allocation channels.3 Key Focus Targets This Week:• NVDA (NVIDIA): Will release Q1 earnings after the US market closes on May 20. The implied volatility from the options market suggests a potential single-day swing of over 7.5%. As the core of AI computing power, its performance will directly impact the overall valuation trend of the tech sector.• GOOGL (Google): Recently, at its I/O conference, Google intensively released multiple new products such as Gemini 3.5 and AI agents. The market is closely monitoring the subsequent pace of commercial implementation and revenue monetization capabilities.• WMT (Walmart): Will release Q1 earnings before the market opens on May 21. As a retail giant, Walmart's resilience during the consumer downturn cycle is under significant scrutiny. The earnings results and guidance will directly influence investors' assessment of full-year growth expectations and the stock's short-term performance.
decentralized derivatives trading platform Variational has announced the completion of a $50 million Series A funding round. The round was led by Dragonfly Capital, with participation from Bain Capital Crypto and Coinbase Ventures. Headquartered in the Cayman Islands, the company is dedicated to building an on-chain derivatives protocol for institutional and traditional finance traders. By aggregating liquidity from both traditional finance and crypto markets, it aims to provide instantly tradable on-chain markets for real-world assets such as oil and commodities. Its core product, the Omni platform, adopts a zero-fee model and incorporates a liquidity pool mechanism to enhance market depth and execution efficiency.Variational stated that its goal is not to directly compete with centralized exchanges, but rather to connect multi-source liquidity through a "brokerage-style" model, including traditional finance market makers and major crypto trading platforms, in order to solve the "liquidity cold start" problem for on-chain markets. (Fortune)
Odaily AI search startup Exa Labs has completed a new funding round of $250 million, led by a16z, with a post-investment valuation rising to $2.2 billion. The company focuses on building search engine infrastructure for the AI era. Following this funding round, its valuation has more than tripled from approximately $700 million last fall. Industry insiders believe that with the accelerated adoption of artificial intelligence, the traditional search engine landscape dominated by Google may be reshaped. (Bloomberg)