News linked to both this project and an event.
blockchain financial company Fence has announced the completion of a $20 million new funding round, led by Galaxy Digital, with participation from Parafi Capital and Crane Venture Partners. Fence is dedicated to leveraging blockchain and tokenization technology to transform the back-office processes of the asset-backed finance market, primarily focusing on the operational layer of structured credit transactions, including loan pool tracking, collateral verification, and cash flow management. Fence emphasizes that it does not define itself as a blockchain company, but rather uses blockchain as back-office infrastructure to automatically manage cash, collateral, and transaction rules through smart contracts, and to tokenize loan positions when necessary to enhance liquidity and automation. (CoinDesk)
Latin American digital wallet Belo has completed a $14 million Series A funding round, led by Tether, with participation from Titan Fund, The Venture City, Mindset Ventures, and G2. The funds will be used to expand into Latin American markets including Mexico, Chile, and Colombia, and to scale stablecoin payment infrastructure deployment.Founded in 2021, Belo offers a wallet service that combines local currencies with digital dollars, currently serving over 3 million users. This investment also reflects Tether's increasing efforts to expand stablecoin payment applications in emerging markets. (CoinDesk)
According to CoinDesk, SpaceX is expected to go public in June and could surpass Saudi Aramco’s $29 billion IPO in 2019 to become the largest IPO in history. Meanwhile, OpenAI and Anthropic are also planning to go public in the second half of this year. Collectively, these three companies are projected to raise over $240 billion—potentially marking a pivotal turning point for liquidity in the crypto market. Market analysts believe these mega-IPOs could significantly drain liquidity from risk assets, with the crypto market sitting in the same funding pool. As mainstream crypto assets such as Bitcoin and Ethereum have closely tracked the Nasdaq and U.S. equity risk sentiment in recent years, a large-scale shift of capital toward subscribing to tech giants’ IPOs may weaken buying support for BTC, ETH, and altcoins.
According to CoinDesk, data disclosed by market-making firm Caladan shows that approximately 93% of GameFi projects are now effectively dead, with token values down 95% from their 2022 peaks. Funding for game studios has also plunged 93% by 2025. Investment in Web3 gaming has nearly dried up entirely, as capital flows have shifted toward AI, real-world assets (RWA), and Layer-2 infrastructure—triggering a collapse across the gaming industry. Even Animoca Brands, one of Web3’s most active investors, has scaled back its gaming investments to roughly 25% of its portfolio and begun pivoting toward areas such as stablecoins. Moreover, in 2022, 63% of Web3 venture capital funding flowed into gaming; by 2025, that share has fallen to single digits. Over 300 games have announced shutdowns, turning Web3 gaming into a cautionary tale about chasing speculation while neglecting product-market fit.
According to CoinDesk, citing the Financial Times, Revolut—the largest fintech company in Europe and a crypto-friendly platform—has informed investors that its target valuation range for its IPO is $150 billion to $200 billion, with the earliest possible listing date no earlier than 2028. Previously, in November 2025, the company completed a share sale at a valuation of $75 billion—representing over a 125% increase from that figure. Meanwhile, Revolut is reportedly preparing for a secondary share sale in the second half of 2026, with an expected valuation of approximately $100 billion. Financially, the company’s pre-tax profit for 2025 rose 57% year-on-year to £1.7 billion (approximately $2.3 billion). On the operational front, Revolut obtained a full UK banking license in March this year and has applied to the U.S. Office of the Comptroller of the Currency (OCC) for a U.S. banking license, accelerating its global market expansion. However, insiders indicate that a formal valuation target has not yet been finalized.
According to CoinDesk, KAIO, a regulated tokenization firm based in Abu Dhabi, has announced the completion of an $8 million strategic funding round, with investors including Tether. Combined with its prior funding, KAIO’s total capital raised now stands at $19 million. KAIO primarily provides infrastructure for asset management firms to distribute funds on-chain, enabling products from institutions such as BlackRock, Brevan Howard, and Hamilton Lane to be integrated into blockchain systems. KAIO stated it plans to expand into credit, structured investment products, and ETFs, and intends to launch on-chain funds in partnership with Mubadala Capital. The company reported currently managing approximately $100 million in assets and having processed over $500 million in cumulative transactions.
According to CoinDesk, Payward, Kraken’s parent company, announced the acquisition of digital asset derivatives platform Bitnomial for up to $550 million in cash and stock. The deal values Payward at approximately $20 billion. Bitnomial is the first crypto-native platform in the U.S. to hold all three key regulatory licenses: a Designated Contract Market (DCM), a Derivatives Clearing Organization (DCO), and a Futures Commission Merchant (FCM). Following the acquisition, Payward will instantly obtain all regulatory authorizations required to operate a full derivatives business in the U.S., significantly accelerating its path to compliance compared to building such capabilities organically. Post-integration, the combined platforms will launch spot margin, perpetual futures, and options products for U.S. customers. Through Payward Services’ B2B infrastructure, these regulated U.S. derivatives offerings will be made available to banks, fintech firms, and brokers via a single API. This acquisition marks Payward’s second major deal following its $1.5 billion acquisition of NinjaTrader in 2025. The transaction is expected to close in the first half of 2026.
Odaily News Bitcoin Core developer Jameson Lopp stated that compared to potential future quantum computing attacks, he would prefer to "freeze" approximately 5.6 million long-dormant BTC from the network rather than letting them be acquired by attackers. These bitcoins have not moved for over 10 years and may be permanently lost, valued at around $420 billion at current prices. If future breakthroughs in quantum computing lead to the private keys of old addresses being cracked, these assets could be transferred again, potentially triggering severe market volatility or even a crisis of confidence. Although the community recently proposed BIP-361, the proposal is still in its early stages and is not a formally promoted solution, but rather more like a contingency plan for an "extreme risk." (CoinDesk)
Odaily News: Footwear retailer Allbirds has announced the sale of its sneaker business and a transformation into an AI computing infrastructure company named "NewBird AI." This news drove the company's stock price to surge by approximately 300% at one point.According to the announcement, Allbirds has agreed to sell its footwear brand to the American Exchange Group. The company will use a $50 million convertible note financing round to deploy GPU computing power and build AI infrastructure. This financing amount is roughly double the company's market capitalization of $22 million prior to the announcement.This move reflects the strong market demand for AI computing resources and the current supply shortage. Following Bitcoin mining companies pivoting to High-Performance Computing (HPC), small-cap companies are also beginning to attempt to enter the AI infrastructure sector. However, the convertible note financing may be converted into equity in the future, potentially creating dilution pressure for existing shareholders. (CoinDesk)
According to CoinDesk, footwear retailer Allbirds raised $50 million through the issuance of convertible bonds and announced a full transition from its retail business to AI computing infrastructure, with plans to rename the company “NewBird AI.”
Odaily News TeraWulf announced the issuance of 47.4 million shares at $19 per share, raising approximately $9 billion to fund the construction of a large-scale data center campus in Hawesville, Kentucky, repay bridge financing, and support future expansion. Affected by the equity dilution from the financing, the company's stock price fell by about 5.8% during the trading session. The company also disclosed preliminary performance for the first quarter of 2026, expecting revenue to be between $30 million and $35 million, with approximately $3.1 billion in cash on hand and total debt of about $5.8 billion.TeraWulf's management pointed out that high-performance computing (HPC) hosting revenue now accounts for over half of its income, surpassing Bitcoin mining revenue for the first time, driving a shift in its revenue structure towards more stable, long-term cash flows. Analysts believe that while this financing round brings equity dilution, it helps support the expansion of AI infrastructure and enhances visibility for future growth. Overall, this move reflects the industry trend of mining companies accelerating their shift towards AI and high-performance computing to reduce reliance on Bitcoin price volatility and improve profitability stability. (CoinDesk)
According to CoinDesk, The Ether Machine, an Ethereum treasury company, and special purpose acquisition company (SPAC) Dynamix Corporation (ticker: DYNX), announced on Friday that they have agreed to terminate their previously planned $1.6 billion merger deal due to unfavorable market conditions. Per filings submitted to the U.S. Securities and Exchange Commission (SEC), The Ether Machine must pay Dynamix a $50 million termination fee within 15 days. The merger agreement was first disclosed in July 2025 and originally aimed to list The Ether Machine on the Nasdaq under the ticker ETHM. In terms of transaction size, the agreement included a fully committed $1.5 billion PIPE financing (reportedly the largest all-common-stock PIPE financing of its kind since 2021), along with approximately $170 million held in Dynamix’s trust account. Following the merger, the combined company was expected to hold over 400,000 ETH on its balance sheet. The Ether Machine positions itself as an Ethereum treasury and yield-generation vehicle, generating returns through staking and DeFi strategies while maintaining a large Ethereum reserve. According to CoinGecko data, the company currently holds 496,712 ETH, valued at over $1.1 billion.