News linked to this event type.
The U.S. Department of the Treasury and the UK's His Majesty's Treasury have issued a joint statement and recommendations as part of the "Transatlantic Working Group for Future Markets." The working group recommends that the Bank of England, the FCA, along with the U.S. CFTC and SEC, develop regulatory frameworks for tokenized assets while requiring the FCA and SEC to explore measures to facilitate cross-border financing. In terms of specific recommendations, both the U.S. and UK propose: supporting the development of stablecoins, tokenized deposits, and similar digital assets; promoting market competition and innovation; and establishing higher standards for asset custody, reserve segregation, and consumer protection. (The Block)
Odaily Benchmark has raised its price target for Hut 8 (HUT) from $85 to $165, citing the company's accelerated commercialization of its AI data center business and a total of $16.8 billion in long-term contracts for AI infrastructure. Analyst Mark Palmer stated that the commercialization progress of Hut 8's Beacon Point AI data center campus in Texas "has changed the company's valuation logic," significantly increasing the project's value.Currently, Hut 8's stock price is approximately $97, meaning Benchmark's new target implies roughly 69% upside. The stock had previously fallen nearly 30% over the past six weeks.According to Benchmark's estimates, the redesigned first phase of the Beacon Point campus will support 352MW of IT capacity, a 57% increase from the original 224MW plan. The base term value of the lease for this initial phase is approximately $9.8 billion, with an estimated annualized net operating income of around $655 million.Additionally, the lease agreement for Hut 8's River Bend data center, signed with Fluidstack and supported by Google, is valued at approximately $7 billion. The combined base term value of the two contracts reaches $16.8 billion. If tenants exercise the included 5-year renewal options, the potential total value could rise to $42.8 billion. (The Block)
According to on-chain analyst Ai Yi’s monitoring, a significant price gap has emerged between SK hynix’s domestic Korean stock and its U.S. ADR. SKHX is priced at approximately $1,303.85, while SKHY stands at around $170.61, with the price difference reaching up to about 30.9%. This reflects strong demand from U.S. capital markets for leading AI chip and HBM (High Bandwidth Memory) assets. Analysis suggests that the conversion between the two is unidirectional—ADR shares can only be canceled and exchanged for ordinary Korean shares, and no one would do so when a premium exists. This explains why the price gap persists and cannot be arbitraged away.
AI compliance infrastructure company Hadrius has announced the completion of a $27 million Seed and Series A funding round, led by CRV, with participation from Y Combinator, Pathlight Ventures, as well as founders of Altruist, Jump AI, and FINNY. The new funds will be used to build AI-native compliance infrastructure for the financial services industry, leveraging Agentic AI technology to integrate scattered compliance reviews, risk monitoring, and regulatory document management into a single intelligent workflow. (Prnewswire)
Odaily, OpenAI founder Sam Altman-backed drone company Brinc has announced the completion of a $125 million funding round, led by existing investor Motorola Solutions, with participation from Index Ventures and previous investors such as Dylan Field. The company focuses on applying AI-based drone technology in the field of public safety, including replacing certain high-risk manual response tasks. (Bloomberg)
Odaily reports, as the value of the artificial intelligence industry rapidly increases, political and tech circles in the United States have begun discussing how to share the immense wealth generated by AI with the public. A series of proposals all point in the same direction: having the government or public institutions hold equity in AI companies.Recently, Sam Altman discussed the possibility of granting the U.S. government or other public entities partial ownership in OpenAI. Meanwhile, the U.S. government already holds approximately 10% of Intel's shares, and it has indicated it may receive a certain percentage of revenue from NVIDIA's chip sales to China.U.S. Senator Bernie Sanders proposed that major AI laboratories contribute half of their shares to a new sovereign wealth fund, allowing the public to share in the growth dividends of the AI industry.Observers suggest that these plans essentially aim to redistribute some of the economic benefits from AI development back to society. However, critics point out that most current proposals boil down to one model: having the government hold equity in AI companies.Supporters argue that AI could become the most significant productivity transformation in the coming decades, and involving the government in revenue distribution could alleviate wealth concentration. Opponents, however, worry that direct government ownership of stakes in tech companies could impact market competition, corporate governance, and innovation incentives.As the valuation of the AI industry continues to rise, how to distribute the economic benefits generated by artificial intelligence is becoming a core topic of debate among U.S. policymakers and the tech industry. (The Information)
Pact Labs, a stablecoin payment infrastructure provider, has announced a $7 million Series A funding round, led by Tether, with participation from Blockchange Ventures and Lasagna. The new funds will be used to accelerate infrastructure development, enabling USAT to provide payroll services, wage withdrawals, credit, and payment solutions for millions of American workers. USAT is a USD stablecoin issued by Tether in partnership with Anchorage Digital Bank. (Prnewswire)
Pact Labs has announced the completion of a $7 million Series A funding round, led by Tether, with participation from Blockchange Ventures and Lasagna. The project's primary business is to provide core infrastructure for USA₮ in scenarios such as payroll, earned wage access, credit, and everyday payments. (Tether News).
Galaxy announces the launch of the institutional-grade on-chain financing program GOFR (Galaxy On-chain Financing Rate), enabling institutional clients to indirectly access the on-chain credit market through Galaxy, secure financing at a single optimized rate, with Galaxy acting as the counterparty.
stablecoin banking platform Flex has announced the completion of a $70 million Series B1 funding round, led by Halo Fund. The new capital will be used to expand Flex Global, its stablecoin-based cross-border commercial banking platform, helping mid-sized enterprises conduct global payments and treasury management via stablecoin infrastructure. Data shows that the annual stablecoin payment volume has reached approximately $390 billion, with B2B transaction volume growing roughly 733% year-over-year. Meanwhile, as of April 2026, Visa's stablecoin settlement volume had reached an annualized $7 billion, representing a 50% year-over-year increase. (Forbes)
Nous Research, the developer of the open-source agent Hermes, is finalizing a new funding round, expected to be led by Robot Ventures with participation from institutions such as USV, valuing the company at approximately $1.5 billion. According to knowledgeable sources, the size of this funding round is at least $75 million.
Velocity, a stablecoin payment infrastructure startup, announced the completion of a $38 million Series A funding round. This round was led by crypto investment firm Dragonfly, with participation from Coinbase, Capital One Ventures, Wintermute, and other institutions. Velocity CEO Eric Queathem did not disclose the latest valuation. Founded in 2025, Velocity focuses on providing stablecoin payment solutions for enterprises, payment service providers, fintech companies, and financial institutions, helping them leverage dollar-pegged tokens to optimize cross-border payments, fund settlement, and treasury management processes.Currently, Velocity has covered markets in the United States, parts of Europe, and Australia. The company plans to use the new funds to apply for licenses, expand into Africa and Latin America, while also investing in building more secure asset custody infrastructure and developing new features, including stablecoin yield products. (Fortune)
the South Korean government has announced the "2026 H2 Economic Growth Strategy," declaring it will accelerate three major "super projects" in semiconductors, AI data centers, and embodied AI. It also plans to enhance industrial competitiveness through blockchain and digital asset ecosystem development. According to the plan, South Korea aims to double its memory chip production capacity over the next five years and launch an AI chatbot for all citizens and a unified AI education platform in the second half of this year.Notably, the South Korean government proposed advancing large-scale demonstration projects for the blockchain and digital asset ecosystem in the second half of this year. It also intends to launch a blockchain-based pilot for tokenizing government bonds, exploring linkages with the Bank of Korea's institutional CBDC to drive financial infrastructure upgrades. Additionally, South Korea plans to establish strategic investment accounts and a national growth fund to expand long-term capital support for strategic industries such as artificial intelligence, quantum technology, security, and blockchain. (Etoday)
According to reports, the company completed its first round of financing of approximately $7 billion at the end of May, with a post-money valuation of approximately $52 billion. Sources disclosed that DeepSeek has currently initiated preliminary contact with some new investors, discussing advancing a new round of financing at a pre-money valuation of approximately $71 billion.
据官方社媒消息，火币 HTX 将于今日 20:30 举办“AI 芯片信仰的第一次大考：海力士 ADR 三日游，从暴涨 13%到韩股熔断”主题直播。届时，MEJ 毛毛姐、77、真诚小道士、柒吻等加密 KOL 将受邀出席，围绕 SK 海力士 ADR 上市后股价剧烈波动、AI 芯片板块高估值逻辑是否迎来首次压力测试，以及 AI 算力产业链未来投资机会展开深度探讨，并结合全球科技股走势与加密市场资金轮动趋势，为投资者解析 AI 叙事下一阶段的交易主线。
According to foreign media reports, after completing its latest round of financing, the personal wealth of DeepSeek founder Liang Wenfeng has more than doubled, making him the wealthiest individual among global AI large model founders. According to the Bloomberg Billionaires Index, Liang Wenfeng's net worth currently stands at $36 billion (previously around $16.7 billion), surpassing both Anthropic co-founder Dario Amodei and OpenAI co-founder Greg Brockman. This comparison only includes companies whose primary business and majority of revenue are directly derived from AI large models, excluding diversified large technology groups such as Alibaba and Tencent, as well as AI industry chain-related enterprises like data centers and semiconductor companies. The vast majority of Liang Wenfeng's wealth comes from his controlling stake in DeepSeek.This June, DeepSeek reportedly completed a 50 billion yuan financing round, valuing the company at over 330 billion yuan, with Liang Wenfeng personally contributing 20 billion yuan. According to calculations by the Bloomberg Billionaires Index, his stake has been diluted to approximately 78%. (Jin Shi)
According to TechFlow Research, Morgan Stanley's July 13 roadshow feedback report points out that Nvidia's current biggest problem is not fundamentals, but the market capitalization size leading to a lack of incremental capital. Quarterly growth is 95% and management believes growth will accelerate; next year's free cash flow yield will exceed 5%, with over half potentially returned to shareholders, so value investors may become the new buying force. Morgan Stanley also focuses on Nvidia's NeoCloud financing support model, providing credit endorsement for cloud service providers in exchange for revenue sharing, creating a recurring revenue stream with 100% gross margin beyond hardware. Morgan Stanley maintains an Overweight rating on Nvidia with a target price of $288.
Strategy's newly launched Bitcoin Banking Adoption Index shows Fidelity leading at 71%, followed by BNY at 46% in second place, and Goldman Sachs at 45% in third. JPMorgan, Morgan Stanley, and Citigroup each stand at 43%. The index evaluates the adoption of Bitcoin-related services across trading, custody, digital asset products, financing, and corporate participation among 25 major global institutions, with an overall adoption rate of 32%.The remaining institutions scored between 13% and 38%, with Wells Fargo at 38%, Banco Santander and Société Générale both at 35%, Charles Schwab and TD Bank both at 32%, BNP Paribas, HSBC, Crédit Agricole, and UBS each at 30%, Bank of America, Barclays, and Standard Chartered each at 28%, State Street at 27%, Mizuho and Deutsche Bank both at 22%, MUFG at 18%, Lloyd’s at 17%, and SMBC and Royal Bank of Canada both at 13% (Bitcoin.com News).
According to Reuters' analysis of US President Trump's latest financial disclosure documents, his stock and bond holdings in 2025 have increased from about $703 million to $2.6 billion, at least four times the 2024 level; during the same period, Trump family crypto projects brought him over $1.4 billion in income. Reuters cited multiple digital asset experts stating that the disclosure shows although Trump publicly supports crypto assets, his personal wealth allocation still clearly leans towards traditional financial assets. Previously, Reuters reported that retail investors in Trump-related crypto projects have cumulative losses of about $2.3 billion.
Odaily Strategy sold nearly $467 million worth of MSTR common stock last week but did not increase its Bitcoin holdings. Analysts believe this indicates that the company is implementing its recently proposed Digital Credit Capital Framework and beginning to prioritize strengthening its balance sheet, rather than solely pursuing short-term BTC accumulation.According to the latest filings, Strategy has increased its U.S. dollar cash reserves to $3 billion, while its Bitcoin holdings remain unchanged at 843,775 BTC. Both Benchmark and TD Cowen believe this move strengthens the company's balance sheet and helps boost market confidence in its preferred equity financing model.TD Cowen reiterated its "Buy" rating and $260 price target for Strategy stock, stating that this operation is an early signal of management executing the new capital allocation framework. The firm noted that Strategy's choice to expand dollar reserves and pause Bitcoin purchases demonstrates a greater emphasis on balance sheet discipline rather than maximizing short-term BTC accumulation.Benchmark also maintained its "Buy" rating with a $570 price target. On Monday, Strategy's stock price traded at approximately $91.50, near its long-term low. Overall, analysts believe that amid pressure on preferred equity financing tools like STRC and market focus on dividend coverage capacity, Strategy's increase in cash reserves may help alleviate investor concerns regarding a forced sale of BTC.