News linked to this event type.
Atum has announced the end of its stealth phase and completed a $13.5 million funding round backed by investors including Variant, PayPal Ventures, and Abstract Ventures. Atum connects payment companies, developers, and enterprises through a unified coordination layer, responsible for payment authorization, routing, and confirmation, but does not issue currency, operate a blockchain, or hold customer funds. Its network supports cross-chain and stablecoin settlements and is compatible with agent payment protocols such as x402 and MPP.
Cryptocurrency venture capital firm Hashed has become the anchor investor in Thoro Capital Management’s newly launched digital asset private credit fund. Targeting $300 million, the fund will settle USD-denominated loans via stablecoins and utilize a “covenant-based” underwriting model evaluated against borrowers’ financials, cash flows, and operational performance to provide financing to digital asset institutions.
Odaily News: The fund was founded by Abu Dhabi-based investor and Further Ventures co-founder Mohamed Hamdy, with Thoro Capital Management serving as the manager and Mohamed Hamdy as Managing Partner. Thoro Capital Management will settle in USD via stablecoins and lend directly to digital asset institutions, with Hashed as the anchor investor. The fund employs a covenant-based underwriting approach, assessing borrowers' financial condition, cash flow, and management performance, aiming to alleviate the financing issues caused by traditional banks' regulated capital requirements and crypto lenders' reliance on asset-collateralized underwriting. Tokenized private credit has become the largest real-world asset (RWA) category by cumulative on-chain lending volume, with total loans exceeding $14 billion, while the traditional private credit market exceeds $3 trillion. Previously, Hashed obtained a financial services permission from the Abu Dhabi Global Market and signed a memorandum of understanding with the Abu Dhabi Investment Office.
Odaily News: This acquisition will enhance Bookit's ability to provide crypto institutions with native travel and experience booking platform access services, and strengthen the tokenization capabilities of on-chain points and interoperable rewards. As part of the acquisition of Spree.Finance, Animoca Brands will become a strategic investor and shareholder of Superlogic, and its Chief Operating Officer Minh Do will join the Superlogic advisory board. Following the completion of the acquisition, the Bookit ecosystem will add 27 white-label partners including Kraken, MetaMask, and EtherFi, and open a travel, retail, and VIP experience network covering over 2 million merchants to partners and end users.
Odaily News: The fund's investors include FalconX, Hutt Capital, Arrington Capital, as well as Nic Carter, Rob Hadick, and Jake Brukhman. The fund will primarily invest in Day Zero, Pre-Seed, and Seed stage crypto startups, with individual investments ranging from $250,000 to $750,000, focusing on open financial infrastructure and decentralized AI, and plans to deploy over the next 3 to 4 years.
"White-Haired Stock Guru" Serenity posted on X platform, stating that traditional value investing appears to have entered a "hibernation period." In the past, investors would look for companies with P/E ratios of 10 to 12 times, slow growth but able to compound value through cash flow buybacks and dividends. Now the market has even seen companies with a P/E ratio of just 1.8 times and revenue growing 605.24% year-over-year, and the main thing investors need to discuss is how long the growth can last. In addition, Sumitomo of Japan has a P/E ratio of only 16.2 times, but it has a large number of long-term agreements with hyperscale cloud service providers in its AI-related businesses, from optical fiber to lasers.Serenity believes that AI has created a greater valuation mispricing in the medium term, gradually shifting "value investing" toward high-growth "deep value" companies.
Odaily News: Infini is a stablecoin payment platform. This funding round saw participation from SNZ, Reforge, Enlight Capital, Nordic Digital Ventures, Fortwest, and Vernal. The funds will be used to expand its global payment network, support more markets, currencies, and payment methods, and strengthen compliance, licensing, and risk control. The Infini App is now live, and the company is refining its global accounts, stablecoin payments, and everyday spending features. It also plans to further develop AI Agent and financial systems, integrating cash flow analysis, bookkeeping, approvals, and payments.
As reported by Astana Times, Kazakhstan's regulated cryptocurrency market recorded a trading volume of $10.58 billion in 2025, marking a significant surge from $320 million in 2023, while the number of users increased from 53,000 to 215,000. At the same time, Kazakhstan ranked within the global top 10 for submission numbers to the International Solana Hackathon, with over 8,000 individuals completing training through the Solana ecosystem and more than 2,000 earning certificates. Additionally, 57 Web3 startups in the country have already received a combined total of approximately $262,000 in funding, and plan to complete the tokenization of real estate and logistics projects valued at up to $60 million by the end of 2026, exploring the feasibility of digital assets as a new channel for economic financing.
Former Google and xAI employee Tina Oberoi is founding startup Moir, developing identity verification technology to combat online deepfakes, and is negotiating a roughly $50 million seed funding round at a $250 million valuation. She worked at Google for over five years before joining xAI's data team, making her one of several former employees who recently left xAI to start their own companies.
According to the official announcement, Binance will list the MOONSHOTUSDT USDT-M Pre-IPO Perpetual Contract, with Beijing Moonshot Artificial Intelligence Technology Co., Ltd. as the underlying asset, on September 22 at 16:30 (UTC+8). The contract supports up to 20x leverage and 24/7 trading, with funding settlements occurring every 4 hours. If the underlying asset successfully completes its IPO, it will transition to a standard perpetual contract on traditional financial assets; if the listing fails, the contract will be removed.
Odaily Report: The Balancer community has proposed a "Fork and Reincarnate" proposal, aiming to continue its technology and ecosystem through an official fork in the event that the protocol may be shut down, and to position the new protocol as a tokenized stock trading platform. The proposal suggests that MAXYZ lead the establishment of a new official fork entity, migrating part of the liquidity, team members, partners, users, and intellectual property, while delaying the pause timeline for existing pools and the Vault to Q2 2027.Regarding funding, the proposal plans to use approximately 6 million uncirculated BAL remaining from Balancer as seed funding for the new project, worth about $690,000 at current prices; if the new protocol conducts a token issuance or other liquidity exit event in the future, the Balancer treasury will receive 10% of the new protocol token's fully diluted valuation in advance. The proposal also plans to grant the new fork a perpetual, irrevocable, non-exclusive license to Balancer-related intellectual property.
Odaily reports: AI model developer Typesafe AI has announced the opening of its System One model Jev, removing the waitlist and giving each new user $5 in credits. The project has been developed in stealth for two years and has raised $40 million in cumulative funding.Jev does not support chat; it only accepts facts and closed-ended questions, returning probabilistic results within 70 to 500 milliseconds. Input pricing is $0.042 per million tokens, and output is free. It can answer questions such as buy or sell, yes or no.In a Bitcoin price prediction test, Jev estimated a 55% probability that Binance's one-minute K-line would reach $85,000 before 2027, with probabilities of 48% and 34% for reaching $90,000 and $100,000, respectively; the corresponding Polymarket market probability for $85,000 was 81%.On September 16, Monad Chief AI Engineer Jarrod Watts connected Jev to price data and built a trading bot that submits limit orders to the Kuru on-chain order book approximately every 300 milliseconds. The bot can decide whether to buy or sell based on Jev's judgments and has been open-sourced on GitHub as jarrodwatts/jev-trader. (Bitcoin.com News)
Ondo has launched an in-kind conversion system that allows approved institutions to directly mint or redeem tokenized shares using their existing stock holdings without requiring additional cash, aiming to reduce financing costs.
According to Solid Intel, the fully diluted valuation (FDV) of decentralized derivatives trading platform Hyperliquid has surpassed Nasdaq and the London Stock Exchange Group.
the funding amount was not disclosed, with Amber Group participating in the round. Travix is an on-chain perpetual contract protocol built on a modular blockchain architecture, employing a hybrid model of off-chain high-performance matching and on-chain settlement. It supports millisecond-level processing and introduces a unified account management system. Its main business includes perpetual contracts for computing power assets, financial world models, and trustworthy AI agent trading. It supports trading of hardware assets such as H100 chips and storage, and plans to expand perpetual contract trading pairs for exotic assets like East Asian equities. The funds will be used to advance the development of computing power assets and Compute-Led RWA trading pairs, research and develop financial world models, develop and deploy a trustworthy AI agent trading engine, as well as expand into global markets, build a multilateral ecosystem, and launch trading promotion incentive programs.
Bank of America notes that AI security concerns are emerging as a sustained catalyst for the cybersecurity sector, as market focus shifts from fears of AI disruption to new attack surfaces, identity requirements, and governance demands. Identity management is central to protecting AI agents, with leading platform security providers poised to benefit. The bank advises monitoring whether AI security spending exceeds current expectations, citing it as a key signal marking the transition from valuation expansion to earnings-driven growth.
Odaily News: Evernorth has signed a note purchase agreement with NH Investment & Securities to issue convertible preferred PIK notes maturing in 2031 with a 4% interest rate. The transaction is contingent upon the completion of its business combination with Armada Acquisition Corp. II, Pathfinder Digital Assets, and Ripple Labs, and is expected to close in the fourth quarter; the combined new entity plans to list on Nasdaq under the ticker symbol XRPN, subject to exchange approval. Evernorth is an XRP treasury company.
Odaily News: The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions against Tehran-based crypto exchange BitBank, alleging that the platform transferred hundreds of millions of dollars in Bitcoin to Iran's Islamic Revolutionary Guard Corps (IRGC). According to OFAC, BitBank is controlled by Iranian financier Babak Zanjani, who was designated in January of this year, and who used the platform to complete transfers between June and July. The designation was made pursuant to Executive Order 13902. The sanctions also cover three executives of BitBank's software developer Pishtaz Simorgh and its parent company Dot One. U.S. Treasury Secretary Bessent stated that using cryptocurrency to finance the Iranian regime does not fall outside OFAC's jurisdiction. OFAC also alleged that Hormuz Safe, a Tehran-based institution that sells safe passage through the Strait of Hormuz, has been transferring payments it received through BitBank since June; the institution was sanctioned in July. OFAC did not disclose the relevant wallet addresses.
Real Vision founder Raoul Pal stated that Bitcoin's weekly chart against the Nasdaq 100 has broken through a downtrend, and he expects Bitcoin to outperform the Nasdaq 100 going forward.He noted that after the Federal Reserve raised interest rates by 25 basis points to 3.75%-4.00%, Bitcoin's price rose from around $75,580 to above $81,000. Pal believes that fiscal dominance and debt refinancing needs will drive increased liquidity and benefit crypto assets. (Bitcoin.com News)
Odaily News: The portal operates through limited-time subscription events, with PancakeSwap providing the event entry point and third-party service providers arranging the underlying tokenized exposure. Eligible users who complete eligibility checks and accept the relevant terms can subscribe through self-custodial wallets, with assets controlled by the users themselves.Each event page will disclose company and token information, subscription assets, offering price, implied valuation, event timing, claim arrangements, and risk disclosures. After the event concludes, participants will enter the claim or refund process according to specific rules.