News linked to both this project and an event.
Solana infrastructure company Helius has announced the acquisition of Light Protocol, whose team will refocus on developing privacy solutions for Solana.Founded in 2021, Light Protocol initially focused on zero-knowledge proof-based privacy tools for Solana before pivoting to co-develop ZK Compression with Helius. Launched in 2024, this solution aims to reduce on-chain data storage costs on Solana via zero-knowledge proofs, supporting large-scale consumer and enterprise applications.This acquisition will drive Light back to its original mission, combining its cryptographic expertise with Helius' infrastructure and distribution advantages to develop ZK privacy protocols for Solana, covering scenarios such as private payments and private DeFi. Helius plans to open up relevant privacy infrastructure to developers in the coming months.The transaction occurs against a backdrop of accelerating consolidation in the crypto industry and tightening fundraising conditions, while also echoing a renewed demand for on-chain privacy. Helius founder Mert Mumtaz stated that privacy will be as fundamental to blockchain scaling as HTTPS was to the internet.
a16z Crypto has published an article explaining the rationale behind leading the investment in Morpho. It points out that credit is a core mechanism for modern economic growth and capital allocation, and that blockchain-driven open credit networks have the potential to lower the cost of financial infrastructure, enhance market competition efficiency, and provide global users with broader financing and yield opportunities. a16z Crypto disclosed that it first engaged with the Morpho team in 2022. Since the global financial crisis, the private credit market has grown rapidly, reflecting the market’s demand for more direct and efficient financing models. Meanwhile, institutions can issue their own lending markets that share the network’s liquidity and network effects. The infrastructure in this area is expected to dismantle traditional financial intermediary systems and build a global open credit network.
Bitget Wallet has opened the first subscription for SpaceX’s tokenized IPO stock, SPCXx, with a total quota of $3 million. The minimum subscription amount is $10 per user, and the maximum per user is $5,000—on a first-come, first-served basis. SPCXx is issued by xStocks, a tokenized stock trading platform. The subscription price is $135, and underwriters will charge an additional 5% fee. Subscriptions open at 4:00 PM Beijing Time on June 9 and close at 4:00 PM Beijing Time on June 11. Upon completion of the subscription period, SPCXx tokens will be automatically sent to users’ wallets, with distribution expected to be finalized by 8:30 PM Beijing Time on June 12. This subscription requires no overseas brokerage or exchange accounts, VIP tier, or holding prerequisites. Users may pay directly using stablecoins—including USDT and USDC—on Base, Ethereum, BNB Chain, Solana, and TRON. The SpaceX tokenized IPO operates via xStocks—a collaboration between Bitget Wallet and Backed. The tokenized stocks issued are fully backed 1:1 by underlying assets held by Backed. Note that the $135 subscription price is not the final fixed issuance price; the final IPO price will be determined by the issuer and underwriters based on a comprehensive assessment of order book demand, market conditions, and valuation factors. During the subscription period, users typically see only a reference price.
According to The Block, Web3 asset management platform XEFFY has completed a $20 million funding round, comprising a $5 million seed round and a $15 million private placement. The funds will be used to expand its Vault management platform, onchain real-world asset (RWA) infrastructure, global community growth, and ecosystem development via the XEFFY Fund.
"New Stock God" Serenity stated that he had not anticipated Alphabet, Google's parent company, would need to seek financing to support its $80 billion AI capital expenditure plan, adding that the funds will be used for the AI infrastructure construction of hyperscale cloud service providers.According to his introduction, this financing includes a $40 billion ATM equity offering program, $30 billion in stock and related securities issuance, and a $10 billion investment from Berkshire Hathaway.Serenity believes that Alphabet's expansion of AI capital expenditures could benefit upstream supply chain companies such as Lumentum (LITE), Broadcom (AVGO), MediaTek, TSMC (TSM), and Micron (MU). However, he also noted that for Google shareholders, such a massive capital expenditure plan is not entirely supported by free cash flow, meaning its impact may not be entirely positive.
According to The Block, the DeFi lending protocol Radiant Capital has announced it will officially cease operations. The protocol suffered a hack in October 2024, losing approximately $51 million; the attacker gained unauthorized access by deploying backdoor contracts on Arbitrum and BNB Chain. Earlier in 2024, the protocol had also been hit by a flash loan attack, resulting in a loss of roughly 1,900 ETH (approximately $4.5 million). After 18 months of recovery efforts, Radiant Capital stated that it has neither recovered a significant portion of the stolen funds nor secured new financing, declaring that “the DAO has no viable path forward.” The protocol will now enter a “maintenance mode”: its frontend and smart contracts remain accessible, allowing users to withdraw funds, repay loans, and manage positions. Any funds recovered in the future will be returned to affected users.
TownSquare, an infrastructure provider for institutional yields and cross-chain lending brokerage services, has partnered with Native, a non-custodial automated trading infrastructure, to launch a $10 million yield-generating vault on the Monad L1. This vault will support assets including USD1, USDC, cbBTC, and MON, offering higher yields than conventional lending through trading-based yield generation. This marks TownSquare’s first collaboration with a trading-based yield manager. The partnership aims to bring real-world asset (RWA) and stablecoin institutional yields to a broader user base. Native is a close partner of Binance Wallet and Buidlpad, having previously launched vaults for BNB and wETH on BNB Chain and Ethereum—demonstrating its stability, scalability, and ability to generate yields for liquidity providers (LPs) managing tens of millions of dollars. This initiative also represents the first trading-yield vault on the Monad chain. Native already operates credit pools across multiple EVM chains with over $35 million in liquidity, achieving daily trading volumes of $50–100 million and cumulative trading volume exceeding $25 billion. Its Proactive Market Making (PMM) structure enables retail users to access institutional-grade trading yields. TownSquare previously launched a $100 million USD1 liquidity program and has raised over $16 million to date—including funding from this collaboration.
According to Businesswire, Nasdaq-listed digital asset treasury company BNB Plus announced it will raise $4.1 million through the issuance of Series B-1 and Series B-2 convertible preferred shares. Crypto-native institutional investors participating in the round include Comstock Multichain Fund, managed by Silvermine Capital Advisors, and Off the Chain LP. Proceeds will be used to increase its digital asset reserves, provide working capital support, and explore opportunities in AI infrastructure development. The company also disclosed that it currently holds over $16.4 million in cash and digital assets.
BNB Smart Chain project IOTrader has announced the completion of a $3.8 million strategic funding round, led by Animoca Brands and ViaBTC Capital, with participation from Everwood Capital, CANDAQ, WAGMI Ventures, Credit Scend, and Web3 Labs. The project primarily focuses on integrating perpetual futures, prediction markets, custom event markets, and AI-assisted trading into a single wallet experience on the BNB Smart Chain.To date, the platform's cumulative trading volume has surpassed $1 billion, and its smart contracts have undergone third-party security audits. Its token whitepaper has been notified to the Central Bank of Ireland under the EU MiCA framework. (businessinsider)
Bitget Wallet has announced the completion of its RWA trading upgrade and integrated xStocks as a new source of tokenized stocks, providing users with global tokenized stock trading capabilities. From May 19 to June 14 (Beijing time), Bitget Wallet users who complete tiered trading tasks can receive up to $264 in rewards, with a total prize pool of $100,000. Additionally, users who hold, add liquidity to, or participate in the lending market for any xStocks token will receive a 20% exclusive xPoints bonus.Through this upgrade, users can now trade over 300 types of RWA tokens across Ethereum, Solana, and BNB Chain, covering various assets such as US stocks, ETFs, oil, precious metals, and country indices. The service supports 24/7 trading, low transaction fees, and gas-free execution, with trading starting from $0 and no minimum threshold requirement. Currently, Bitget Wallet supports a dual RFQ + AMM trading mechanism, enabling instant execution and effectively reducing spread slippage. It has also integrated AI market signals to assist in trading decisions.xStocks is developed in collaboration between Kraken and Backed. Its tokenized stock products adopt a 1:1 full collateral mechanism with underlying assets. Since its launch in June 2025, the platform has processed a cumulative trading volume exceeding $30 billion. This integration will further advance Bitget Wallet's "Everyday Finance, Onchain" strategy, aiming to enable users to conduct daily trading of traditional financial assets through on-chain wallets, breaking down the geographical and entry barriers imposed by traditional financial infrastructure.
According to CoinPost, Japan’s Liberal Democratic Party (LDP) Digital Society Promotion Headquarters’ “Next-Generation AI & On-Chain Finance Vision Project Team” released a policy proposal on May 19, advocating the integration of AI and blockchain to automate and enable 24/7 operation of decision-making, financing, and asset management—and designating finance as the “18th Growth Investment Sector.” Specific measures proposed in the document include: advancing tokenization of demand deposits at the Bank of Japan (including wholesale CBDC), with conceptual frameworks to be finalized by year-end; joint issuance of a stablecoin by Japan’s three major banks, targeting the launch of live operations by March next year; and promoting on-chain tokenization of real-world assets (RWAs), such as accounts receivable and real estate. At the international cooperation level, the proposal calls for establishing an “AI & On-Chain Finance Asia Policy Dialogue Framework” and advancing cross-border settlements using yen-denominated stablecoins, thereby realizing the “Global SC Corridor Vision.”
AEON, focused on the economic settlement layer for AI agents, has announced the completion of an $8 million pre-seed funding round led by YZi Labs, with participation from IDG Capital, HashKey Capital, Stanford Blockchain Builders Fund, and Oak Grove Ventures. AEON stated that it will use these funds to advance the development of its settlement layer tailored for AI agent interactions. The company launched its first AI-powered payment product in May, claiming it connects to over 50 million offline merchants worldwide. Additionally, AEON has partnered with BNB Chain to launch the x402 Facilitator, enabling verifiable transactions, on-chain settlement, and tamper-proof receipts.
Odaily Odaily News Gate Research recently released its "April 2026 Cryptocurrency Market Review" report, indicating that the overall cryptocurrency market saw a volatile upward trend in April, with total market capitalization significantly higher than in March. BTC and ETH ETF trading volumes maintained high volatility overall. The report shows continued divergence in activity across major public chain ecosystems. Solana's daily transaction volume remained in the range of approximately 90 million to 110 million transactions, maintaining its leading position.Regarding trending sectors, the report notes that Pokemon TCG RWA has become one of the fastest-growing on-chain RWA sub-sectors, entering a second explosive growth phase in April. Major trading platforms saw monthly trading volumes exceed $220 million, with weekly revenue briefly approaching $6 million, setting new historical records. Meanwhile, Aave experienced its most severe liquidity crisis ever in April, with TVL outflows reaching tens of billions of dollars within a few days and net outflows exceeding $9 billion for the entire month.In terms of fundraising and security incidents, the Web3 industry completed 51 financing rounds in April, totaling approximately $834 million, with capital further concentrating on leading financial and infrastructure tracks. Among these, Payward ranked first for the month with a $200 million financing round. On the security front, Web3 security incidents in April resulted in losses of approximately $306 million, a month-over-month increase of about 858%, primarily driven by a single cross-chain infrastructure attack on Kelp DAO worth approximately $293 million. The report suggests that against the backdrop of a recovering market, on-chain activity and capital liquidity are both increasing simultaneously. However, the security risks associated with cross-chain infrastructure and high-leverage protocols remain worthy of continued attention.
Franklin Templeton, the parent company of Kraken and a global asset management giant, has announced a collaboration with Kraken to develop on-chain investment products and advance the tokenization of traditional financial assets. The two parties will combine Franklin Templeton's experience in asset tokenization and compliant fund issuance with Kraken's trading, custody, and global user infrastructure, focusing on launching compliant products such as tokenized funds and on-chain wealth management. This initiative aims to bridge the connection between traditional finance and the crypto market. (Coindesk)
Circle has released its financial results for the first quarter of fiscal year 2026. The data shows that as of the end of the first quarter, the circulating supply of USDC reached $77 billion, a year-over-year increase of 28%; on-chain transaction volume for USDC in the first quarter reached $21.5 trillion, up 263% year-over-year.The financial report indicates that Circle's total revenue and reserve income for the first quarter was $694 million, a 20% increase year-over-year; adjusted EBITDA was $151 million, up 24% year-over-year; net profit was $55 million, a 15% decrease year-over-year.Additionally, Circle disclosed that its ARC Token pre-sale raised $222 million, with a fully diluted valuation of $3 billion. Participants included institutions such as a16z crypto, BlackRock, and ARK Invest. The company also announced the launch of the "Agent Stack" infrastructure for AI agent scenarios, including products like Agent Wallets and Agent Marketplace, designed to support AI agent payments and commercial activities based on USDC.
: Crypto analyst Axel Adler Jr stated that although Bitcoin rebounded after falling from around $125,000 to $60,000, the current trend remains a "repair after decline" and has not yet been confirmed as entering a new bull market cycle.He pointed out that from an on-chain data perspective, multiple key indicators have not yet entered the historical bear market bottom range. This includes the "Supply in Loss" and 90-day UTXO-related metrics, which have not yet shown a sufficient cyclical bottom structure. Meanwhile, the "LTH Realized Supply" has also not displayed the typical accumulation pattern seen at the end of a bear market, indicating that the market has not yet entered a deep reallocation phase.Additionally, spot selling pressure indicators have not shown obvious "capitulation selling", suggesting that a typical comprehensive market cleansing has not occurred during this decline. Axel Adler Jr believes that before improvements are seen simultaneously in on-chain structure, spot demand, and supply pressure, the current upward move is more likely a technical rebound rather than a trend reversal.On a macro level, he pointed out that the global risk environment remains tight. The conflict between the US and Iran has pushed Brent crude oil close to $100 per barrel, reigniting inflationary pressure. Consumer confidence and financial health indices are weakening, indicating pressure on the demand side. Meanwhile, US Treasury yields remain high, with real interest rates and inflation expectations rising concurrently, further suppressing risk asset valuations.He also mentioned that the leadership of the US Federal Reserve is about to enter a potential transition phase, but the interest rate market is no longer pricing in rapid rate cuts and has even begun to price in the probability of rate hikes. Market expectations have clearly shifted towards "higher for longer". In an environment of high oil prices, high interest rates, and uncertain monetary policy, overall financial conditions remain tight.Axel Adler Jr stated that the current market needs to wait for clearer on-chain bottom structures and signs of demand-side recovery. Until then, he maintains a cautious stance on the market outlook.
Securitize announced partnerships with Jump Trading and Jupiter Exchange to launch a fully on-chain, compliant tokenized stock trading service on Solana. The solution integrates regulatory compliance infrastructure, liquidity support, and distribution channels to build an integrated on-chain securities trading system, accelerating the migration of traditional financial assets onto blockchain.
Monitoring from the Odaily Seer Prophet Channel shows that on Polymarket, the probability of "Printr public sale raising over $4 million" has fallen to 63%, down over 30% in a day, with a trading volume of nearly $3.26 million.Printr is a cross-chain token issuance platform that supports users and AI agents in token issuance, trading, and staking across multiple blockchain environments. It is currently deployed on 8 blockchains including Solana, Base, BNB Chain, and Ethereum, offering features such as customizable fee structures, cross-chain trading, and staking incentive mechanisms.Data indicates that the project has currently raised over $2.46 million, with approximately 35 hours remaining until the fundraising concludes.The Odaily Seer Prophet Channel continues to monitor the prediction market, seeing changes before pricing.