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According to TechCrunch, New York AI detection startup Pangram announced the completion of a $9 million funding round, led by Menlo Ventures, with participation from Haystack, ScOp, Script Capital, and Cadenza. Pangram simultaneously released the new generation AI text detection model Pangram 4 and AI image detection model Pangram Image, with text detection accuracy exceeding 99%, capable of identifying AI-assisted writing, mixed human-AI content, and text generated by AI humanization programs; the image detection model is currently in the research preview stage, based on pixel-level distribution analysis, capable of identifying cross-model AI-generated images, and can detect AI images appearing within real photos.
Modus 同步推出"Context Warehouse"产品，通过学习业务数据的实际使用模式，为 AI Agent 提供精准上下文，可将不必要的检索及 Token 消耗降低最高 10 倍。
According to BeInCrypto, Grayscale Head of Research Zach Pandl released a report using the "earnings per token" method to value Hyperliquid (HYPE). The report assumes Hyperliquid's 2027 earnings will be approximately $1 billion (an increase of about 20% compared to 2025), and expects the circulating supply at that time to reach 270 million to 310 million tokens, corresponding to earnings per token of approximately $3.25 to $3.75. Calculated at the current price of approximately $54, the forward P/E ratio is approximately 15 to 18 times, suggesting it still holds a valuation advantage compared to fintech stocks.
According to EU-Startups, Sigvi, a Vilnius, Lithuania-based AI revenue agent for the car rental industry, has completed a 1.2 million euro pre-seed funding round to accelerate product development and international expansion. The round was led by Superhero Capital.
According to Bitcoin.com, Strategy Inc. (NASDAQ: MSTR) Executive Chairman Michael Saylor stated that since the company established Bitcoin as its primary reserve asset in August 2020, MSTR stock has achieved an annualized return of 42%, surpassing Bitcoin itself, the "Magnificent Seven" tech stocks, and the S&P 500 Index. As of July 29, Strategy holds 843,775 BTC, with a cumulative purchase cost of approximately $63.69 billion, and an average price of approximately $75,476 per coin, currently showing an unrealized loss of approximately 17.9% compared to the cost price (approximately $11.4 billion). To address the increasingly complex capital structure, Strategy launched three new metrics on July 24: Net BTC Per Share, BTC Hurdle ARR (minimum annualized return required to cover financing costs), and BTC Floor ARR (minimum annualized return required to maintain leverage ratio sustainability), to help investors more clearly assess the actual value of their Bitcoin holdings. Additionally, the company plans to provide funding for preferred stock repurchases through the future sale of a portion of its Bitcoin.
According to Bloomberg, Moonshot AI raised $3.5 billion, exceeding expectations, in a recently completed funding round, with a valuation reaching $35 billion.
Benchmark partner Chetan Puttagunta posted on X, expressing confusion over Anthropic's public call for stricter regulation on AI model distillation. He noted that Anthropic is currently a company valued at approximately $1 trillion with vast technical and financial resources. At the scale described, so-called "large-scale distillation attacks" should theoretically be easier to identify and track. If Anthropic chooses to restrict such activities, the real cost may not be a lack of technical capability, but rather the sacrifice of some API revenue. "The only cost required seems to be reducing revenue from related API businesses."Previously, AI companies like Anthropic have been paying close attention to the issue of model distillation. Model distillation typically refers to using the output of a large model (the teacher model) to train another model (the student model), aiming to reduce costs and improve efficiency. Some AI companies are concerned that competitors might obtain model outputs by calling a large number of APIs, which could then be used to train their own models, thereby bypassing the original R&D investment. According to Puttagunta's perspective, the controversy surrounding model distillation in the AI industry essentially involves the balance between commercial interests, open competition, and intellectual property protection. For leading AI companies, finding the balance between protecting core technology and maintaining an open ecosystem will become an important issue for future industry competition.
According to the UK's Financial Times, AI concept stocks have recently continued to correct, and Wall Street banks have required some hedge funds with concentrated positions and high leverage to post additional collateral to maintain existing financing levels. The Nasdaq 100 Index fell by as much as 10% from its early June highs, while the Philadelphia Semiconductor Index has cumulatively dropped about 25% since the end of June. Against the backdrop of sharp declines in related individual stocks, long-short and multi-strategy hedge funds recorded significant single-day drawdowns, reflecting that risks from crowded AI trades and leverage are being exposed at an accelerated pace.
According to people familiar with the matter, Beijing OceanBase Technology Co., Ltd. (OceanBase) is in talks with investors and plans to conduct a Series A financing round, raising approximately 2 billion to 3 billion yuan (approximately $295 million to $443 million). The financing aims to enhance the company's independent operational capabilities and provide financial support for its expansion into the AI database service sector.
Bitget releases the rToken Institutional Cross-Asset Capital Management Guide, detailing how market makers, hedge funds, quantitative trading firms, prime brokers, and asset management companies can utilize its Unified Trading Account (UTA) to enhance capital efficiency between cryptocurrencies and tokenized US stocks. The guide focuses on portfolio construction and financing strategies, covering core trading scenarios such as cross-asset collateralization, dividend arbitrage, and lending structures that balance capital efficiency with risk isolation, providing a practical framework for institutions to optimize multi-asset allocation. Currently, Bitget's Unified Trading Account (UTA) supports over 370 collateralizable assets, including 105 tokenized US stocks. Eligible crypto assets and tokenized stocks can enter the same margin system, sharing collateral and offsetting margin requirements, helping institutions reduce idle funds scattered across exchange and brokerage accounts. Bitget CEO Gracy Chen stated that institutions do not lack access to the stock market; the real challenge lies in how to make capital operate efficiently between different markets. As tokenized assets gradually enter institutional portfolios, managing crypto assets and tokenized stocks under a unified framework will provide more possibilities for risk management and asset allocation.
Grayscale stated HYPE's forward P/E ratio is approximately 15 to 18 times. Hyperliquid possesses real cash flow and can therefore be valued like a stock, but the valuation is based on earnings per token rather than earnings per share. Based on this, compared with fintech peers such as Coinbase, Robinhood, and Circle, HYPE still appears inexpensive. Market data shows that HYPE is currently trading at $55.32, down 1.5% in the past 24 hours.
134 officials and executives from U.S. banking associations and banks are urging the Senate to amend Section 10404 of the CLARITY Act before its final passage, in order to strengthen restrictions on the payment of interest and returns on payment stablecoins. The banking representatives hope lawmakers will broaden the scope of these restrictions, preventing companies from providing similar economic benefits for holding stablecoins through rewards, incentives, or other arrangements. They argue that if stablecoins can attract and retain balances through interest-like rewards, the funding base supporting local loans could be weakened by hundreds of billions of dollars. The letter asserts that deposits form the foundation for lending to families, small businesses, farmers, and local employers. The signatories state that clear rules would allow payment stablecoins to develop while preserving access to funding that supports community lending.
Dragonfly managing partner Haseeb Qureshi said that as mature networks become harder for startups to challenge, crypto venture capital may eventually enter a "last funds" phase. He noted this does not mean the crypto industry is disappearing, but rather that scale, liquidity, and network effects are increasingly concentrated among a few mature platforms. Qureshi stated that by 2030, most important companies in the crypto space may already be established. While large platforms will continue to grow, the room for new entrants to disrupt the market will be limited. He believes investors may underestimate the possibility that continued growth in the crypto market will not necessarily translate into investable startups. Cryptorank data shows that as of July 28, only 150 independent venture capital firms participated in crypto funding rounds in July, the lowest level since November 2020 and down from a peak of 1,177 active investment firms in May 2022. Qureshi is cautious about startups built around single financial products on platforms like Hyperliquid. He stated that if Hyperliquid controls the distribution channels, such companies are essentially closer to dealers than to businesses with lasting durability.
OdailyOdaily News Bitcoin mining enterprise and AI infrastructure company Ionic Digital today made its direct listing debut on the Nasdaq under the ticker IOND. The stock opened at $50, with a reference price of $53, and surged over 25% during trading to nearly $63, implying a valuation of approximately $2.75 billion. Founded in January 2024, Ionic Digital acquired most of the mining assets from the bankruptcy restructuring of crypto lending platform Celsius Network, including mining machines, infrastructure, approximately $195 million in cash, and 540 BTC. Currently, Ionic Digital holds 2,861 BTC and is shifting more power capacity toward long-term AI lease agreements.
Birdai Labs 宣布完成 400 万美元种子轮融资，本轮由 Castle Island Ventures 领投，Metalayer Ventures 和 The Venture Dept. 参投。公司专注于构建链上交易执行的中立型基础设施，用于衡量、验证并改善高性能区块链上的交易执行质量，同时提升市场透明度，并将部分价值返还给产生交易流的参与者。
According to TechCrunch, AI voice model company Fish Audio announced the completion of a $50 million seed funding round, led by Coreline Ventures and Capital Today, with participation from institutions including 359 Capital, Parable, and Play Time. The company stated that its open-source and hosted models have currently accumulated over 8 million users, and annual recurring revenue has reached $21 million.
: Global payments company PayPal reported its second-quarter earnings, with earnings per share of $1.26, compared to $1.30 in the same period last year, falling short of the analyst consensus estimate of $1.28. Revenue reached $8.68 billion, surpassing last year's $8.29 billion and exceeding the analyst consensus estimate of $8.47 billion. PayPal recorded a non-GAAP adjustment of $81 million, related to gains and losses from strategic investments and crypto assets held for investment purposes. PayPal stated that since the company does not actively trade these assets and does not rely on them to fund ongoing operations, it excludes the related gains and losses from non-GAAP results. In its second-quarter investor presentation, PayPal stated that the company is leveraging its payments network, risk infrastructure, and trust capabilities to expand agent-based payments, stablecoins, identity, and biometric technologies. PayPal also noted that its PayPal World platform facilitated approximately $200 million in total payment volume between Venmo and PayPal.
Axis Robotics has announced the completion of a $12 million seed funding round, led by Hack VC, with participation from Nomad Capital, Pi Core Team Ventures, 10K Ventures, and several angel investors.According to the introduction, Axis Robotics primarily addresses the data needs for Physical AI and robotic models. It leverages large-scale simulation, first-person real-world data collection, and human-in-the-loop post-training to build a closed-loop data workflow, enabling the scalable production of structured and diverse robotic data. This funding will be used to accelerate the development of a massive, parallel, human-in-the-loop global data engine.
According to Bloomberg, UK real estate tech startup Dwelly announced it has completed $170 million in financing to acquire more real estate businesses and integrate artificial intelligence into its operations. The round was led by EQT Growth and General Catalyst and included $95 million in equity financing and a $75 million debt facility provided by Trinity Capital. The company did not disclose its valuation.
In its financial system stability assessment report released this month, the International Monetary Fund (IMF) stated that Brazil's cryptocurrency-based cross-border fund flows have been growing steadily since 2017, with their scale now exceeding traditional capital movements. The report indicates that these fund flows are largely driven by stablecoins, which are utilized by both corporations and retail investors for efficiency and tax-related reasons. Stablecoin flows are correlated with international and local investment indicators such as the S&P 500, VIX, and Bitcoin prices, and are also influenced by exchange rates, interest rates, policy uncertainty, and changes in tax policies. The IMF noted that the Central Bank of Brazil has taken measures to regulate the virtual asset service provider (VASP) industry, but gaps remain in areas such as customer legal protection and the segregation of custodial assets. Comprehensive implementation of international standards, including the Travel Rule, is still necessary for anti-money laundering and combating the financing of terrorism (AML/CFT). The report points out that Brazil's crypto system is interconnected with the traditional financial system, and regulators need to collaborate with domestic and international counterparts to establish a more robust reporting framework. The Brazilian Congress is preparing to deliberate on Bill 4308/2024, aimed at regulating the status of stablecoins.