News linked to both this project and an event.
According to TechFlow Research, Morgan Stanley released an Internet Tracking Report, noting that Google and Meta's nominal EV/EBITDA multiples appear inexpensive (GOOGL 16.1x, META 8.9x), but after adjusting for stock-based compensation accounting treatment, the true multiple rises from 16.3x to 31.1x (+91%), still lower than the five-year average of 31.6x, implying that the true valuation of internet giants is undervalued by the market by more than 30%.
Nasdaq-listed Bitcoin treasury company Empery Digital has announced the signing of a definitive cooperation agreement with Hunt Properties, investing $65 million to acquire a 25% equity stake in a new project entity. This entity plans to acquire and repurpose industrial厂房 in the U.S. Midwest to build a professional AI data center.The two parties have established a long-term strategic partnership to jointly develop computing power assets, advance AI and high-performance computing (HPC) infrastructure expansion, and integrate advantages in power supply, grid access, and capital market financing. Simultaneously, Empery Digital announced it will cease its previous public data disclosures based on Bitcoin holdings net asset value (NAV). The company explained that its current asset structure can no longer be measured solely by Bitcoin holdings and will focus on growth opportunities in AI computing power and energy infrastructure, diversifying into physical computing power operations. (Businesswire)
San Francisco-based venture capital firm Framework Ventures has raised a $400 million fund, planning to invest in the intersection of tokenization, stablecoins, and frontier technologies. Framework Ventures co-founder Michael Anderson stated that the firm believes blockchain, through tokenization, will become the financing layer for AI computing power, robotics, and energy infrastructure. The crypto industry has shifted from serving crypto users to solving capital formation problems for real-world industries. (CoinDesk)
: South Korea's SK Securities continues to believe that the memory re-rating process is still in its very early stages. SK Securities points out that TSMC enjoys a high valuation because it is a platform manufacturer that can help customers achieve future development, and the same logic applies to memory in the AI era. Structurally improved profitability and visibility, along with enhanced shareholder returns based on this, mean that the re-rating of memory stocks will proceed in tandem with the narrowing of the discount on Korean memory.Currently, Samsung Electronics and SK Hynix have a 12-month P/E ratio of approximately 6.0 times. Their stock prices indicate they remain the cheapest stocks within the bottleneck of the AI era. As value shifts and is redistributed within the industry, the metric that needs to be trusted and followed is the change in profitability, rather than a valuation framework based on the past. SK Securities maintains an overweight rating on semiconductors.
Fortitude Mining, a Zcash mining firm under Digital Currency Group, has announced the signing of a definitive merger agreement with HeartSciences Inc., a Nasdaq-listed small-cap medical technology company, to combine the two entities. Following the announcement, HeartSciences’ stock price rose approximately 60% during intraday trading on Tuesday, closing with a gain of about 55% at $2.70.Fortitude primarily engages in Zcash mining operations. Despite ZEC's recent weak performance, DCG founder and CEO Barry Silbert stated that Zcash remains one of the most attractive opportunities in the digital asset space.Fortitude CEO Andrea Childs noted that the merger is not based on business synergies, but rather aimed at gaining access to public capital markets, thereby securing more flexible financing channels to accelerate its core strategy. This includes a Zcash-focused "venture mining" platform and continued expansion into high-return opportunities within its power asset portfolio.Both parties expect the transaction to be completed in the second half of this year. The deal also indicates that some crypto mining firms are attempting to access capital markets through mergers with publicly listed companies to support their future expansion.
According to Fortune, New York-based blockchain analytics firm Allium has announced a $40 million Series B funding round, led by Amplify Partners, with participation from Kleiner Perkins and Theory Ventures. Allium specializes in cleaning and integrating complex on-chain data, serving institutional clients including Visa, the Federal Reserve, Coinbase, and a16z Crypto.
Odaily Odaily News BIT (formerly Matrixport) has officially launched its Margin Trading feature and will open public beta on June 26. BIT is the first platform in the crypto industry to offer a margin function. Users can now submit margin applications through the official website or APP. BIT will review applications based on account status and risk management requirements and gradually open margin limits.In addition, features such as securities lending are also in preparation and will be gradually rolled out in accordance with regulatory requirements and product progress.During the public beta, BIT is simultaneously launching the "First Margin Borrow · Limited-Time Zero Interest" and "Interest Cashback Rewards" campaigns. Users who utilize margin for the first time during the event period will enjoy 0% interest on their first loan for 30 days, allowing users to experience the capital efficiency of leverage with zero interest.Elio Cui, Head of the Brokerage Business, stated: “BIT is the first to offer margin functionality, completing the client journey from account opening and trading to capital leverage. This allows BIT clients to enhance investment efficiency and gain early access to the world’s most wealth-generating assets without relying on bank cards or leaving the digital asset ecosystem.”BIT also reminds users that while margin trading improves capital efficiency, it also carries corresponding risks. Users should fully understand the margin rules and risk control mechanisms and participate prudently based on their own risk tolerance.
According to The Block, TurboFlow, a Hong Kong-based on-chain trading platform, has raised $6 million in seed funding, led by Pantera Capital, with participation from Susquehanna Crypto and Digital Currency Group. The platform offers prediction markets and perpetual contract trading, positioning itself as a localized platform for Asian users to bridge the gap between underdeveloped regional markets in the Asia-Pacific and institutional-grade liquidity provision.
Bitcoin has dropped approximately 40% since Strategy launched its Bitcoin financing instrument, STRC, which has now fallen below its $100 issuance par value. This has sparked market debate over the sustainability of Michael Saylor’s Bitcoin “flywheel” model. Strategy currently holds over 846,000 BTC, but its purchase pace has notably slowed recently. Data shows that during the week ending June 8, the company added 1,550 BTC, worth approximately $101 million. The following week, ending June 15, it added another 1,587 BTC, valued at about $100 million. In contrast, during a single week in April 2026, the firm bought 34,164 BTC for $2.54 billion, indicating a significant decline in its recent capital deployment.Meanwhile, Strategy previously sold 32 BTC to meet dividend obligations. While minimal relative to its total holdings, the market views this as a sign that cash flow pressures could intensify if STRC’s funding efficiency declines. STRC was originally designed as a preferred stock instrument trading near its $100 par value, using dividend adjustments to attract investors and help Strategy raise capital for Bitcoin purchases. STRC has now fallen to historic lows, once dropping to $82.53 before closing at $88.59—roughly 13% below par value.Critics argue that STRC’s dip below par indicates mounting pressure on Strategy’s funding channels. Peter Schiff, a long-time Bitcoin critic, labeled STRC “a typical centralized Ponzi scheme,” claiming the model relies on continuous financing or Bitcoin sales to sustain itself. Crypto trader DonAlt also questioned STRC’s recent performance, describing its trading behavior as resembling a “Ponzi scheme.”However, some analysts believe STRC’s decline is more due to leverage liquidations than a fundamental deterioration of Strategy. STRC had long traded around $99 to $100, attracting leveraged traders. When the price broke below a key level, forced liquidations were triggered, exacerbating the drop.Analyst Scott Melker noted that STRC’s current yield has actually improved due to the discount. Since dividends are calculated based on the $100 liquidation preference, at an STRC price of $90, the 11.5% annualized dividend translates to an actual yield of about 12.8%. If the price falls to $85, the yield could exceed 13%.Strategy is expected to announce its next STRC dividend adjustment by June 30. The market is now focused on whether the STRC discount will persist and whether Strategy’s model of using capital market financing to continuously accumulate BTC can remain stable. (Cointelegraph)
Bitwise CEO Hunter Horsley (@HHorsley) stated that the crypto market is undergoing a cyclical shift similar to the dot-com bubble burst of the 2000s—previously, numerous projects commanded high valuations based on “possibility narratives,” whereas the market is now transitioning toward maturity. Going forward, the number of winners will shrink dramatically; however, those projects that emerge victorious based on verifiable fundamentals will achieve scale and longevity exceeding market expectations.
Nasdaq-listed Lite Strategy announced it is leading a $1 million strategic funding round for ZK Innovations—the development team behind LitVM. LitVM is building a zero-knowledge proof-based Layer 2 network for Litecoin, aiming to introduce smart contracts, decentralized finance (DeFi), real-world asset tokenization, and cross-chain liquidity to the Litecoin ecosystem.
stablecoin compliance infrastructure Range has announced the completion of an $8.3 million Series A funding round. The round was led by Swiss TX Ventures and US-based SixThirty, along with other traditional fintech funds, with participation from crypto-native funds such as Maven 11 Capital and Onigiri Capital. To date, the company's total funding has reached $11 million. The new funds will be used to support the development of a unified compliance financial infrastructure platform designed to bridge stablecoins and fiat payment systems, primarily serving enterprises that operate on both on-chain and traditional banking systems. (Chainwire)
According to CoinPost, SBI Holdings completed a strategic investment in Fasset—a global stablecoin payment and cryptocurrency trading platform—in May 2026, and announced that its international money transfer subsidiary, SBI Remit, had signed a memorandum of understanding (MoU) with Fasset to jointly build next-generation cross-border remittance infrastructure based on stablecoin technology. Fasset is a digital bank focused on Asia, the Middle East, and Africa, offering stablecoin settlement, remittance, and investment services via its proprietary payment network, “Own Network.” It currently serves 125 countries and regions and has over 2 million users. In the same month, Fasset closed its Series B funding round of $51 million, with investors including the SBI Group, Bahrain-based asset management firm Investcorp, and Turkey’s Arz Portföy.
Monitoring from the Odaily Seer Prophet Channel shows that the probability of "o1 TGE market cap exceeding $400 million on day 2" on Polymarket has risen to 89%, up 81% in 24 hours.This event will be settled based on the fully diluted valuation (FDV) of the o1 governance token one day after its launch. If the FDV of the o1 governance token at 16:00 Eastern Time on the day following its launch is higher than the stated value in the title, it will settle as "Yes"; otherwise, it will settle as "No."The token must be publicly available, transferable, and tradable to be considered fully launched. FDV will be calculated by multiplying the total token supply by the token price, with the price source being the most liquid source at the time. If o1 fails to launch a token before 23:59 Eastern Time on December 31, 2027, the event will settle as "No."Previous news: o1.exchange completes $4.2 million financing, co-led by Coinbase Ventures and AllianceDAOThe Odaily Seer Prophet Channel continues to monitor prediction markets, observing changes before pricing occurs.
EarnOS, a blockchain-based digital advertising startup, has announced the completion of a $6 million Pre-A funding round, led by 1kx with participation from Coinbase Ventures, Circle Ventures, and Social Graph Ventures. Additionally, EarnOS has secured a four-year, $12.5 million non-dilutive strategic investment from Verona (formerly XION) to support application verification, user onboarding, and reward distribution systems. The company also announced a brand restructuring, noting that its L1 network will provide underlying support for EarnOS, enabling large-scale user authentication and task incentive mechanisms. (The Block)
Odaily Seer Channel monitoring shows that the probability on Polymarket for "Will Anthropic's valuation reach $1.1 trillion before June 30" has risen to 67%, up 30% in 24 hours.This event will be settled based on Anthropic's private market valuation data released by Nasdaq Private Market (NPM). If Anthropic's NPM Price reaches or exceeds the specified amount between the market creation and June 30, 2026, the event will be settled as "Yes"; otherwise, it will be settled as "No".Anthropic's latest funding round was completed on May 28, achieving a post-money valuation of $965 billion after its $65 billion Series H round, just one step away from common short-term thresholds like $1 trillion. With this prediction market set to settle on June 30, traders are monitoring secondary market liquidity and whether any new primary financing or tender offer activity could push its implied valuation higher within the remaining window. Recent estimates show Anthropic's annualized revenue run rate is approaching $47 billion, continuing to support investor demand. However, no new funding announcements have emerged since late May, and IPO preparations remain longer-term.Odaily Seer Channel continues to follow prediction markets, seeing changes before pricing.
Ventuals today announced it will gradually shut down its operations and integrate into the Hyperliquid ecosystem team, marking the official conclusion of its 24/7 private market experiments. The platform, which focuses on trading pre-IPO private tech companies, had raised over 500,000 HYPE tokens and achieved a total trading volume of approximately $650 million.The platform's existing HIP-3 markets are now entering the settlement phase. Pre-IPO markets such as OpenAI and Anthropic are settling based on a 24-hour weighted average price, with corresponding prices of $1,341.80 and $1,618.90 respectively. Commodity and index markets including MAG7, semiconductors, and energy will be suspended in batches starting June 18, with open positions being auto-liquidated.vHYPE holders can redeem their staked assets at a 1:1 ratio and claim corresponding rewards. Withdrawal services will be initiated in batches starting June 19, with processing times ranging from 7 to 72 hours. The project has terminated its points and promotional activities and has clearly stated that no tokens will be issued. Officials require all users to complete fund withdrawals and wallet export operations by September 15.
Sharon AI Holdings, a Nasdaq-listed company, announced a six-year strategic computing cooperation agreement with NVIDIA to jointly expand AI infrastructure capabilities in Australia.Under the agreement, the two parties will collaborate to build approximately 72MW of data center computing capacity and deploy infrastructure based on the NVIDIA DSX AI Factory architecture. The plan is to gradually scale up to 40,000 Grace Blackwell GB300 GPUs to meet the computing needs of AI startups, enterprise clients, and research institutions.The cooperation model adopts a structure combining revenue generation with credit support: Sharon AI will be responsible for selling cloud services based on NVIDIA's computing power, while NVIDIA, upon receiving hardware and basic product revenue, will also participate in a share of cloud service revenue, forming a sustainable "usage-driven revenue model."Sharon AI stated that this collaboration will significantly enhance its capital efficiency, enabling it to expand AI infrastructure capabilities without relying on traditional heavy-asset financing and accelerate the deployment of "sovereign AI computing power" in Australia. With this partnership, Sharon AI's total AI factory capacity will increase to 132MW, of which approximately 102MW is already contracted by clients. The company expects to deploy over 55,000 NVIDIA GPUs by mid-2027. (Businesswire)
Odaily Seer monitoring shows that Polymarket has launched a new prediction event for the opening price range of SpaceX (ticker: SPCX) on its first day of trading on the Nasdaq.SpaceX is scheduled to officially list on Nasdaq on June 12 (U.S. time). According to its compliance filing submitted to the U.S. Securities and Exchange Commission (SEC) in early June, the official IPO price has been set at $135 per share, corresponding to a valuation of approximately $1.75 trillion. Although the offering price has been determined, institutional oversubscription orders are reportedly exceeding $10 billion, fueling market expectations for a premium from the "first-day pop." However, given the high valuation multiple of 90 times price-to-sales and intense competition in the rocket launch market, the first-day opening premium may be relatively moderate. Under the event's settlement rules, the market will strictly settle based on the official opening price of SpaceX on its first trading day on the primary exchange. If the final opening price falls exactly at the boundary between two ranges, the higher range will be used for settlement.Odaily Seer remains focused on prediction markets. See the change before the price is set.
According to the Seoul Economic Daily, KB Kookmin Bank announced the issuance of a USD 100 million blockchain-based digital bond in the Hong Kong market, marking the first time a Korean bank has applied blockchain technology to an actual foreign-currency financing transaction. This issuance reduces the settlement cycle from the traditional five business days to three business days, helping streamline processes and lower counterparty settlement risk. The two-year USD digital bond was issued privately, with HSBC serving as the sole bookrunner; the issuance process was completed via HSBC’s digital asset platform, Orion.