News linked to this event type.
, RWA trading platform MSX Maitong has opened subscriptions for the second phase of Pre-IPO projects. This phase's projects include AI company Anthropic and prediction market platform Polymarket. The specific subscription arrangements are as follows:Anthropic subscription opens on May 16, 2026, at 12:00 (UTC+8), with a subscription price of 855U and a valuation of $950 billion.Polymarket subscription opens on May 16, 2026, at 12:00 (UTC+8), with a subscription price of 152U and a valuation of $15 billion.The MSX Maitong Pre-IPO section aims to provide investors with a product entry point for participating in pre-IPO investment opportunities in high-quality enterprises. Users can participate in related Pre-IPO projects with a relatively low barrier using USD stablecoins. Previously, the first phase Pre-IPO project Cerebras ($CBRS.M) completed the closed loop from subscription to spot trading after listing, with subscriber yields once exceeding 300%, providing a case study reference for the feasibility of the Pre-IPO track in Web3 trading scenarios.
: Digital Asset Clearing Center (DACC), a tokenized financial market infrastructure provider, announced the completion of a $10 million strategic financing round. Participants included Conflux, Global InfoTech, Fosun International, Blockstone, Avior Capital, Fintech World, Satoshi Ventures, and BridgeTower. DACC currently offers financial institutions an end-to-end "Clearing-as-a-Service" solution. The new funds will support the construction of its compliant financial settlement and clearing infrastructure. (Aastocks)
Kraken's parent company, Payward, has announced layoffs of approximately 150 employees to streamline its organizational structure and prepare for its upcoming initial public offering (IPO).According to reports, the company is also seeking a new round of funding at a target valuation of around $20 billion, and plans to expand its business footprint through mergers and acquisitions to pave the way for its listing. Analysts suggest that these layoffs and capital moves indicate that Kraken is accelerating its transition towards a traditional public company governance structure to enhance profitability and market competitiveness. (CoinDesk)
: Datavault AI has released its first-quarter 2026 business update, disclosing that the company has signed tokenization contracts worth over $800 million. Of this, approximately $100 million in fees are expected to be recognized in 2026, achieving about $75 million in new contract value in the first quarter, further validating institutional demand for its Real World Asset (RWA) tokenization platform.In terms of assets and financing, the company has strengthened its balance sheet through a $60 million private placement and an additional $120 million in non-dilutive financing. It is also advancing the expansion of the SanQtum AI infrastructure platform across the United States, with plans to expand its quantum-safe GPU edge network by the end of 2026 and deploy approximately 48,000 GPUs. (Businesswire)
Odaily News Hong Kong Web3 service provider Web3Labs Global has filed an IPO application with the U.S. Securities and Exchange Commission (SEC), planning to issue approximately 6.3 million shares at a price of $4 to $5 per share, aiming to raise about $28 million. Based on the midpoint of the offering range, the company's valuation for this fundraising is approximately $141 million. It is reported that Web3Labs Global plans to list on Nasdaq under the ticker symbol "MDAT," with Eddid Securities and Futures serving as the underwriter for this IPO. (Renaissancecapital)
Eleutheria, a decentralized finance platform on the BNB ecosystem, has announced the completion of a $5 million strategic funding round, with participation from Alpha Capital. Valuation details have not been disclosed yet. The new funds will support its efforts to build on-chain financial services through trustless code-driven DeFi and immutable smart contracts. (Asksurf)
RWA trading platform MSX has announced that the second phase of its Pre-IPO segment is expected to officially open for subscription on May 16, 2026. The targets listed in this phase are AI large model leader Anthropic and prediction market representative platform Polymarket. The subscription price for Anthropic is 855U, with a valuation of $950 billion. The subscription price for Polymarket is set at 152U, with a valuation of $15 billion.MSX's first Pre-IPO project, Cerebras ($CBRS.M), has completed a closed loop from Pre-IPO subscription to spot trading upon IPO listing. Participating users achieved a yield of over 300% based on a subscription price of 100.35U. For details on the specific subscription quota, fee standards, and subsequent settlement arrangements for the second-phase projects, users can log in to the MSX platform page for more information.
According to CoinDesk, Nasdaq-listed SUI Group and London-based hedge fund Karatage co-led Nof1’s $15 million funding round. Previously, the two firms jointly invested—with TwinPath Ventures—in Recursive Superintelligence, a self-evolving AI startup valued at over $4 billion. Both investments rest on the same core thesis: autonomous AI agents will become the foundational infrastructure of future investment markets, and companies building training environments today may dominate the financial landscape of tomorrow.
Ranger Finance co-founder cobra stated that Ranger Finance is winding down operations. Some personnel and vendors who collaborated with, built, and supported the project have not received full payment. He explained that during periods of cash shortage, the founders personally injected funds to keep operations running and advanced fundraising efforts within MetaDAO; however, the delayed fundraising led to an accumulation of unpaid bills. After the fundraising was completed, the project only secured approximately two months of runway before the funds were returned. Ranger Finance noted that treasury liquidation exceeded expectations, negatively impacting employees, vendors, and growth budgets. Subsequently, the Drift vulnerability further hampered project progress. Vault users affected by the Drift vulnerability will receive recovered tokens when distributed by the Drift team.
According to the Financial Times, Anthropic has reached term-sheet agreements for a $30 billion funding round, which would value the company at $900 billion; the deal is expected to close as early as this month.
Sharplink CEO Joseph Chalom stated that Ethereum treasury companies are gradually deviating from the model of Strategy and Michael Saylor, focusing more on staking yields and a clean balance sheet rather than relying on complex financing structures.Chalom believes that Ethereum treasury companies can generate returns directly by holding ETH, thus eliminating the need for excessive leverage. He also indicated that only a few Ethereum treasury companies will be able to survive through market downturns.Furthermore, citing BlackRock CEO Larry Fink's previous views, he described Ethereum as a "tokenized toll road" and pointed out that the New York Stock Exchange and Nasdaq's push for 24-hour trading plans, DTCC's exploration of tokenized collateral, and Bullish's acquisition of Equiniti will all further drive tokenized assets into the traditional financial system.Chalom expects that as stablecoins, tokenized assets, DeFi, and AI applications continue to expand, Ethereum will gradually forge a different development path from Bitcoin in the future. (The Block)
According to Bloomberg, Tyler Winklevoss and Cameron Winklevoss have made a $100 million strategic investment in New York–based cryptocurrency exchange Gemini Space Station Inc. through Winklevoss Capital Fund, purchasing Class A common stock at $14 per share, with payment made in Bitcoin. Following the announcement, the company’s stock rose approximately 15% after hours. As of Thursday’s close, its share price stood at $5.26—down more than 80% over the past year. Gemini’s net loss narrowed to $109 million in Q1, compared to $149 million a year earlier; revenue grew 42% to $50 million, driven primarily by income from services such as credit cards. CEO Tyler Winklevoss stated that the market has severely undervalued Gemini, and this investment will help the company transition from a crypto firm to a broader market company. Gemini went public in September 2025, shortly after which the crypto market entered a downturn.
Dune co-founder and CEO Fredrik Haga stated that Dune is laying off 25% of its staff this week as part of a restructuring aimed at further concentrating efforts on developing the industry's core data products.Haga noted that the company is increasing investment in AI-driven tools, using Dune MCP to enable teams and agents to build dashboards and workflows without requiring knowledge of SQL or data infrastructure. Additionally, as assets like currencies, stocks, and bonds accelerate their migration on-chain, the company is heavily investing in the data layer and providing services to institutions. Dune currently has ample financial reserves, having completed a $69.42 million Series B funding round led by Coatue in 2022. (theblock)
according to sources familiar with the matter, MetaMask developer Consensys has postponed its U.S. IPO plans to earliest this fall. The company originally planned to submit a draft S-1 filing with the SEC by the end of February, but market demand weakened due to the market downturn in February, macroeconomic uncertainty, and Bitcoin ETF outflows. Besides Consensys, Kraken and Ledger have also paused their IPO plans.Consensys completed a $450 million funding round in 2022 at a valuation of $7 billion. Additionally, BitGo, which was the first crypto company to go public in 2026, raised $213 million but has since seen its stock price drop 36% from its $18 offering price, reflecting the public market's cautious approach toward valuing crypto infrastructure companies.
Onramp 宣布完成 1250 万美元 A 轮融资，投前估值达 1.35 亿美元，Early Riders 领投，其私有客户及外部天使投资人等参投。该项目主要业务是为比特币大额持有者提供多机构托管平台，通过 BitGo、Coincover 和 Tetra Trust 等合作伙伴，确保资产需经多个机构批准方可转移。(axios)
Turnkey, a company specializing in crypto wallets and key management infrastructure, has announced the completion of a $12.5 million strategic financing round. Archetype and Circle Ventures led the round, with participation from Sequoia Capital, Bain Capital Crypto, Lightspeed Faction, Galaxy Ventures, and Variant. The project's total funding has now exceeded $65 million.The company's primary business involves developing wallet and key management infrastructure for crypto applications. This round of financing will be used to support the development and public launch of Turnkey Verifiable Cloud, a product focused on digital asset security computing. This product aims to provide enterprises with verifiable operating environments, encompassing functionalities such as transaction visibility, policy decisions, and agent-driven wallet activities. Turnkey's current clientele includes Polymarket, World App, and Anchorage Digital.
TownSquare, an infrastructure platform focused on institutional yield and cross-chain lending brokerage services, has announced a $100 million USD1 token liquidity program—a strategic initiative designed to bring institutional-grade and cross-chain yield opportunities to a broader user base via World Liberty Financial’s USD1 stablecoin and institutional yield strategies. Previously, TownSquare collaborated with the World Liberty Financial DeFi team to integrate the USD1 token onto Monad, a high-performance EVM-compatible chain, and received official incentives from the Monad Foundation. The team stated that this new liquidity program marks TownSquare’s continued commitment to expanding DeFi’s real-world applicability and delivering institutional strategy yields to more assets. Currently, the project’s official website has launched its cross-chain lending functionality, while its yield vault product is listed as “Coming Soon.” According to official information, the project has previously completed a funding round backed by Monad, a16z, Aptos, Solana Bonk, and other U.S. and European angel investors and VCs. The founding team includes alumni from Coinbase, Meta, Accenture, and market-making firms. Details about the project’s next funding round have not yet been disclosed.
According to CoinDesk, Fasset, a Los Angeles-based stablecoin-powered digital bank, has announced the completion of a $51 million Series B funding round. Investors include Japan’s SBI Group, Investcorp, and Turkish asset management firm Arz Portföy. The valuation for this round was not disclosed. Fasset leverages stablecoin technology to power over 50 payment corridors across Asia, Africa, and the Middle East, serving more than 1,000 SMEs in over 125 countries, with an annualized transaction volume exceeding $32 billion. The company plans to use the new funds to expand into new markets, develop lending and trade finance products, and scale its proprietary stablecoin payment and custody infrastructure—“Own Network.” Additionally, Fasset recently partnered with Tether, the issuer of USDT, to launch a gold-backed digital banking card.
Odaily Odaily News Gate Research recently released its "April 2026 Cryptocurrency Market Review" report, indicating that the overall cryptocurrency market saw a volatile upward trend in April, with total market capitalization significantly higher than in March. BTC and ETH ETF trading volumes maintained high volatility overall. The report shows continued divergence in activity across major public chain ecosystems. Solana's daily transaction volume remained in the range of approximately 90 million to 110 million transactions, maintaining its leading position.Regarding trending sectors, the report notes that Pokemon TCG RWA has become one of the fastest-growing on-chain RWA sub-sectors, entering a second explosive growth phase in April. Major trading platforms saw monthly trading volumes exceed $220 million, with weekly revenue briefly approaching $6 million, setting new historical records. Meanwhile, Aave experienced its most severe liquidity crisis ever in April, with TVL outflows reaching tens of billions of dollars within a few days and net outflows exceeding $9 billion for the entire month.In terms of fundraising and security incidents, the Web3 industry completed 51 financing rounds in April, totaling approximately $834 million, with capital further concentrating on leading financial and infrastructure tracks. Among these, Payward ranked first for the month with a $200 million financing round. On the security front, Web3 security incidents in April resulted in losses of approximately $306 million, a month-over-month increase of about 858%, primarily driven by a single cross-chain infrastructure attack on Kelp DAO worth approximately $293 million. The report suggests that against the backdrop of a recovering market, on-chain activity and capital liquidity are both increasing simultaneously. However, the security risks associated with cross-chain infrastructure and high-leverage protocols remain worthy of continued attention.
According to The Block, the T3 Financial Crime Unit (T3 FCU), jointly established by Tether, TRON, and TRM Labs, announced that since its founding in 2024, it has frozen over $450 million worth of illicit crypto assets globally. In 2025, the unit’s interception of illicit proceeds increased by 43.9% year-on-year, covering 23 jurisdictions including the United States, Spain, and Germany, and has been recognized by the Financial Action Task Force (FATF) as “a critical resource for global law enforcement agencies.” The T3 FCU has participated in investigations across multiple crime categories, including exchange hacks, North Korea–related activities, terrorist financing, and violent crimes, and assisted Brazil’s Federal Police in freezing over $5.989 billion in assets—including 4.3 million USDT.