News linked to this event type.
AI chip startup Etched announced the completion of a $300 million Series C funding round led by Sequoia Capital, with a valuation reaching $10.3 billion, doubling from last December. The company, founded by three Harvard dropouts, has successfully manufactured its self-developed chip and secured $1 billion in orders. Reportedly, its system can run any AI model, including DeepSeek and Qwen, demonstrating strong compatibility and market potential.
According to Bitget market data, during US stock market trading, Nasdaq 100 components showed mixed performance, with semiconductor equipment, industrial, and storage sectors leading gains, while tech giants, internet, and new energy vehicle sectors came under pressure and corrected. In terms of gains, Honeywell rose 6.59%, a global leader in industrial automation and aerospace systems, surging significantly boosted by better-than-expected earnings; Applied Materials rose 3.21%, a global leader in semiconductor equipment, benefiting from continued expansion of AI-driven fab capital expenditure; Micron rose 3.88%, a global leading memory chip manufacturer, supported by strong demand for HBM in AI servers; Lumentum rose 3.55%, focusing on photonics and laser technology solutions, deeply benefiting from the explosion in optical interconnect demand for AI data centers; Nebius NV rose 3.48%, a European AI cloud computing infrastructure platform, continuously benefiting from the expansion of AI computing power demand. In terms of declines, Tesla fell 13.42%, a global leader in new energy vehicles and AI robots, with earnings under pressure compounded by Musk admitting mass production challenges for robots, triggering significant market sell-off; Alphabet fell 7.02%, the world's largest search and cloud computing giant, with intensified AI competition landscape suppressing valuation; Amazon fell 4.31%,
: Bitcoin financial product platform Lombard Finance has announced the launch of the Bitcoin Onchain Credit Strategy, with global trading firm Flow Traders as the first pilot partner. Under this solution, Flow Traders can borrow stablecoins for market making without providing on-chain collateral. Its collateral security is provided by Bitcoin deposited in the Lombard Bitcoin Earn yield product, and underwriting is completed through the Cap private credit platform. (The Block)
Odaily NASDAQ-listed bitcoin treasury company Empery Digital has announced the completion of a $20 million strategic investment in preferred shares of AI data center developer Cardinal Data Power (CDP), acquiring approximately 8% equity in CDP upon transaction closing. This investment is a key component of CDP’s $70 million Series A funding round, with all proceeds allocated to the development of its first AI data center campus in West Texas, USA. (Businesswire)
: DeAgentAI, a decentralized AI infrastructure project on the SUI and BNB ecosystems, announced that its total buyback program of $5 million worth of AIA tokens has been fully executed. The first batch, involving the burning of 1 million AIA tokens, was completed earlier. This second batch burn of 10 million AIA tokens has now been completed, bringing the cumulative total burned to 11 million tokens, accounting for 23.1% of the total repurchased amount. All tokens have been sent to a black hole address for permanent destruction.Furthermore, DeAgentAI announced the official launch of a quarterly burning mechanism. Going forward, the AIA burn plan will be executed on a quarterly basis, marking the deflation mechanism's entry into a normalized phase. The funds for the buyback come from the project's protocol revenue and profits from its proprietary AI trading models, and are unrelated to external financing or token inflation.
According to PRNewswire, stablecoin operator Notabene announced it has received strategic investment from Ripple; the specific investment amount has not been disclosed yet. The two parties will collaborate on enterprise-level stablecoin payments, including integrating Ripple's USD stablecoin RLUSD into the Notabene Flow B2B stablecoin payment platform. Both parties also plan to further expand the application of RLUSD in institutional payment networks to accelerate the adoption of compliant stablecoin infrastructure by banks, payment institutions, and fintech companies.
stablecoin issuer Mandela Digital has announced the completion of a $5 million funding round, with Datavault AI participating. The new funds will be used for stablecoin infrastructure development, compliance, exchange integration, liquidity and marketing, as well as accelerating the launch of its 1:1 USD-pegged stablecoin, Mandela Dollar (MUSD). It is reported that MUSD aims to promote financial inclusion, cross-border remittances, and digital payments in the Global South. Datavault AI will also provide technical support for MUSD, including its AI platform, blockchain tokenization, SanQtum quantum-resistant cryptography, and Real World Asset (RWA) frameworks. (Globenewswire)
According to Korean media Daum, Korea Exchange data shows that from July 20 to 23, foreign investors made net purchases in the Korean stock market for 4 consecutive trading days, with cumulative net purchases of 5.574 trillion won, marking the first consecutive four-day net inflow since April. Among them, Samsung Electronics and SK Hynix became the main targets of fund flows, receiving net purchases of 1.73 trillion won and 2.76 trillion won respectively, totaling 4.48 trillion won, accounting for over 80% of the total foreign net purchases during the same period. The market believes that tech giants such as Google continue to raise AI capital expenditure expectations, driving improved demand prospects for HBM and server DRAM, coupled with increased attractiveness of the two companies' valuations following prior adjustments, prompting foreign investors to concentrate on allocating to Korea's storage chip leaders.
sources familiar with the matter revealed Galaxy Digital Inc. plans to issue approximately $3.5 billion in high-yield bonds for the first time, aiming to fund data center projects associated with CoreWeave Inc. According to the sources, Galaxy Digital is marketing the bond issuance to investors at a yield of around 9%. Morgan Stanley and Goldman Sachs are acting as underwriters for this issuance, with pricing expected to be finalized on Thursday. The sources requested anonymity as the information has not yet been made public.
According to TechFlow Research, Goldman Sachs' July 20 Top of Mind report pointed out that U.S. IPO proceeds in 2026 have already exceeded $125 billion, breaking the full-year record of 2021, and are expected to exceed $200 billion for the full year. But the number of IPOs is only about 60, far lower than the 400 in 1999 and 250 in 2021 during bubble periods, mainly driven by a few mega-tech companies. Goldman Sachs Chief U.S. Equity Strategist Snider believes late-cycle warning signals have not yet appeared, the household sector has become net buyers, annualized IPO proceeds account for only about 1% of the S&P 500 market cap, and market absorption capacity is underestimated. University of Florida Professor Ritter pointed out that high issuance volume predicts low returns, but the signal accuracy is only slightly higher than random (about 52%). Acadian Fund Manager Lamont warned that the issuance wave is one of the "Four Horsemen" of bubbles, but may mark the beginning rather than the end of a bubble; currently, first-day gains do not show extreme speculation signals. All three experts believe that IPO volume is moderate, valuations have not reached bubble levels, first-day gains are not out of control, and true danger signals have not yet appeared. Snider expects company buybacks in 2026 to be about $1.3 trillion, enough to offset new supply. If the AI narrative or corporate earnings undergo a significant shift, market and IPO prospects will change accordingly.
According to official announcements, the Sui ecosystem Bitcoin financial platform Hashi testnet has officially launched. Hashi first debuted in March, aiming to provide a brand new way for BTC: unlocking value on Sui without leaving the Bitcoin network. Hashi transforms dormant BTC into secure, programmable collateral assets for institutional-grade lending, financing, and credit services, with all actions verifiable on-chain. Developers can now access the Hashi testnet to build and stress-test financial applications collateralized by Bitcoin,
Japan is expected to launch a Bitcoin ETF as early as 2028. With the revised Financial Instruments and Exchange Act bringing crypto assets under the regulatory scope of financial products, Japan's Financial Services Agency (FSA) plans to adjust rules related to investment trusts, allowing funds and ETFs to hold crypto assets as primary investment targets. Multiple asset management institutions have already expressed interest in participating. Japanese institutional investors' interest in crypto assets is on the rise. A survey by Nomura Holdings and Laser Digital shows that approximately 79% of institutional investors and family offices plan to invest in crypto assets within the next three years.However, unlike the US Bitcoin ETF, which is primarily driven by institutional funds, Japan's institutional investor base is relatively limited, and a high proportion of household financial assets are held in cash. Therefore, individual investor funds are likely to become the main source of inflows. Some analysts believe that Japan's Bitcoin ETF could attract up to 3 trillion yen in inflows by FY2028. (Nikkei)
Odaily Equity Research raised its target price for Hut 8 to $195 from $165 on Wednesday, citing the full commercialization of the company's Beacon Point AI data center campus in Texas.This is the second time Benchmark has raised its target price for Hut 8 this month. Last week, analyst Mark Palmer had already incorporated the first phase of the Beacon Point project into his valuation, raising the target from $85 to $165. The new target implies approximately 75% upside from Hut 8's stock price of around $111 on Wednesday.Hut 8 has now signed contracts for 949 megawatts of AI data center capacity, indicating its business is further pivoting from traditional Bitcoin mining towards AI infrastructure and power-driven data center models. Benchmark believes the company is evolving into a "power-first data center REIT," an infrastructure platform centered around power resources and data center assets.Hut 8's stock rose about 2% on Wednesday, bringing its year-to-date gains to nearly 120%. As demand for AI computing power continues to grow, the market is reassessing the value of the substantial power and data center resources held by Bitcoin mining companies.
Fox Business crypto journalist posted on platform X, stating that the bill specifies the rules for handling digital assets when an exchange or custodian becomes insolvent. This legislation helps ensure customer assets receive the same protections as traditional financial assets and remain the property of the customers, rather than becoming part of the company's bankruptcy estate. This could help prevent a repeat of situations like FTX.
Odaily Odaily News Fintech company Revolut has reached a valuation of $115 billion in a secondary stock sale for employees, making it the most valuable private company in Europe. Revolut disclosed a pre-tax profit of $2.3 billion and revenue of $6 billion for 2025. Its main app allows users to trade over 200 crypto tokens, transfer assets to external wallets, and stake holdings. The company also operates a standalone crypto exchange, Revolut X. Revolut recently secured a full UK banking license and is seeking a US national banking license. The company's IPO valuation target is $200 billion.
Chinese listed company Zhibao Technology has announced the signing of a non-binding term sheet with Joyer Tech for a PIPE financing based on 3,500 Bitcoins.
Prediction market platform Kalshi has launched the Midterms Hub to display real-time market odds for U.S. Senate and House races. The page integrates real-time trading prices, polling averages, Federal Election Commission fundraising data, and curated news. Kalshi is also seeking regulatory approval to expand perpetual futures trading beyond cryptocurrencies and is pursuing new funding at a valuation of approximately $40 billion.
: BNB Chain Agent commercial clearing layer TermiX announced that Web3 security infrastructure GoPlus and smart contract security auditing firm Salus have officially become Provider Agents on the Agent.family platform. They have launched two production-grade security audit services, promoting the autonomous invocation and settlement of "security capability as a service" for AI Agents in on-chain commercial scenarios.GoPlus has packaged its verified token contract deep scanning capability as a standard Provider Agent service. DeepScan conducts comprehensive security checks on token contracts, identifying risk patterns such as Rug Pulls, honeypot scams, contract permission abuse, and trading restrictions, and generates structured audit reports.Salus has launched smart contract auditing and penetration testing services, encompassing formal verification, fuzz testing, machine learning-based vulnerability detection, and manual expert auditing. It covers high-risk vulnerability categories such as reentrancy attacks, access control issues, integer overflows, and DoS attacks. Salus, a seed-stage investment from Binance Labs, is a core security partner within the BNB Chain ecosystem.
on July 22 that Binance has officially launched the HK0700 USDT (Tencent) and HK1810 USDT (Xiaomi) Hong Kong stock trading pairs on its Quanto perpetual contracts.Binance Quanto perpetual contracts allow users to trade non-USD-denominated stocks using local currencies without the need for foreign exchange conversion, lowering the barrier to entry while enhancing trading convenience. Binance TradFi products now support 140 trading pairs, and the trading volume of its TradFi perpetual contracts over the past week has approached $100 billion, continuously expanding users' one-stop experience in trading traditional financial assets.
According to TechFlow Research, JPMorgan's US stock strategy report on July 20 estimates that global AI-related capital expenditure will approach $870 billion in 2026, up 77% year-on-year, with hyperscalers contributing about $750 billion. In 2027, growth rates remain high: Google +54% (approx. $300 billion), Amazon +42% (approx. $300 billion), Meta +42% (approx. $200 billion). Bond financing by the five major tech giants rose from $40 to 50 billion in 2022 to about $190 billion in 2026, and Google completed $85 billion in equity financing in June.