News Heat Trend
Project Overview
Coinversation Protocol is a DeFi protocol platform of the Polkadot ecology. It has been expanded from a synthetic asset protocol to a derivative ecosystem, including parachains, DEX, synthetic assets, and stablecoin protocols.
AI Agent infrastructure layer Orthogonal completes $4.3 million seed round led by Pantera Capital
Odaily reports: AI Agent infrastructure layer project Orthogonal has announced the completion of a $4.3 million seed funding round, led by Pantera Capital, with participation from Y Combinator, Pioneer Fund, Decasonic, Blast Club, Outbound Capital, Rice Capital, Surreal by Premise, Batch Ventures (CTO Fund), and others.The project primarily builds infrastructure for AI Agents, enabling instant capability discovery, orchestration, and payments, allowing agents to dynamically obtain necessary tools and complete on-chain transactions without human intervention.
InfoHawk Secures $2.25 Million Pre-Seed Funding Led by Moonshots Capital
Odaily AI-driven anti-fraud infrastructure provider InfoHawk has announced the completion of a $2.25 million Pre-Seed funding round, led by Moonshots Capital, with participation from former U.S. Federal Trade Commission Chairman Jon Leibowitz, AppNexus founder Brian O'Kelley, former Meta advertising executive Rob Goldman, GitHub CTO Vlad Fedorov, and others. The new funds will be used to support the company's application of AI content recognition and deep infrastructure analysis technology to help enterprises detect, analyze, and combat large-scale online fraud, phishing sites, brand impersonation, and Deepfake attacks. (PRNewswire)
a16z Leads Special’s Funding Round; Former DOGE Team Bets on AI-Driven M&A Cost Reduction
According to Tech in Asia, Special, an AI-powered M&A firm co-founded by Nate Cavanaugh and Justin Fox—both former staff members of the U.S. government’s Department of Government Efficiency (DOGE)—has announced a funding round of undisclosed amount, led by Andreessen Horowitz (a16z). Investors include Antonio Gracias, founder of Valor Equity Partners; Anthony Armstrong, former CFO of xAI; Brian Armstrong, CEO of Coinbase Global; and Shyam Sankar, CTO of Palantir Technologies. Special plans to acquire service-based businesses by automating workflows with AI to reduce costs, and has already reached an agreement to acquire a Texas-based healthcare company, which will be integrated into Figure Health—the company’s business line focused on aging populations.
a16z Crypto Closes $2.2 Billion for Its Fifth Fund; CTO Eddy Lazzarin Promoted to General Partner
According to The Block, a16z crypto—the cryptocurrency division of venture capital firm Andreessen Horowitz—has completed fundraising for its fifth fund at $2.2 billion. This fund is smaller than its record-breaking fourth fund, which raised $4.5 billion in 2022. Paul Cafiero, Communications Partner at a16z crypto, stated that the firm intentionally returned to a smaller fund size because “a shorter fundraising cycle enables us to keep pace with the rapidly evolving crypto landscape.” Prior a16z crypto funds included: the $2.2 billion third fund in 2021, the $515 million second fund in 2020, and the $350 million first fund in 2018.
Printr Founder Announces Full Refund of Community Fundraising
Printr founder announced stepping down as CEO, with COO and GTM head Lennon immediately succeeding as CEO, while co-founder Lea continues as CTO. The founder will transition to an advisory role.Meanwhile, Printr announced it will fully refund its community fundraising, with the relevant refund process expected to be disclosed within 7 days. The team stated that this move aims to rebuild community trust, while the platform's products, team, and development roadmap will remain unchanged.
Sooth Labs Secures $50 Million in Funding, Felicis Ventures Participates
Sooth Labs, an AI prediction laboratory founded by former Meta executives and a CMU professor team, is completing a $50 million funding round at a $335 million valuation, led by Felicis Ventures. Yann LeCun and Jeff Dean are participating as individual investors, and Meta CTO Andrew Bosworth serves as an advisor. The company specializes in multimodal AI event probability prediction, serving institutions in finance, defense, insurance, and other sectors, and has already provided probability predictions for events such as the WHO pandemic and Anthropic's IPO.
2026 Q2 Web3 Security Incidents: $764 Million Stolen, 88.3% from Compromised Keys and Infrastructure
According to the quarterly Security and Compliance Report by Hacken, 67 security incidents in the Web3 space resulted in losses of $763.9 million in Q2 2026, making it the most severe quarter since Q2 2025. Compromised keys and infrastructure accounted for 88.3% of the stolen funds, approximately $674.5 million. Smart contract vulnerabilities remained the most common type of attack, linked to 44 out of the 67 incidents, but corresponding losses represented only about 11% of the total. Approximately 75.5% of the losses stemmed from two incidents attributed to North Korean threat actors, and 14 audited protocols were breached during the quarter. Leo Fan, founder of Cysic, stated that an audit is a point-in-time assessment of a specific codebase and does not automatically cover signature devices, cloud infrastructure, operational permissions, subsequent upgrades, third-party dependencies, or old contracts that remain callable. Samuel Videau, CTO of Genius, pointed out that nearly 90% of losses came from compromised keys, signers, and infrastructure. Multiple security leaders noted that Web3 security requires layered defenses including real-time monitoring, key management, multi-party authorization, and bug bounty programs. Leo Fan expects that operational access control attacks will continue to dominate losses in the second half of 2026, including social engineering, credential theft, compromised signers, cloud or CI/CD intrusions, and attacks on off-chain validator infrastructure.
Malaysia's Johor State Revokes Business License of Network School Founded by Balaji Srinivasan
According to Reuters, the Johor state government of Malaysia has revoked the business license of the digital nomad community Network School, founded by American investor and former Coinbase CTO Balaji Srinivasan, and required it to cease all operations in Forest City starting from July 22. The project was previously investigated after being accused on social media of assisting Israeli citizens in entering Malaysia, but the immigration department stated after inspection that the relevant members held valid travel documents. The Johor state government stated that the decision to revoke the license was made based on inspection reports, law enforcement results, and the company's statements.
"Huawei Genius Youth" Li Bojie Responds to ABCDE Capital Investment Dispute: Investment Funds Not Fully Received, Resigned Due to Family Reasons
In response to public accusations by Du Jun, Co-founder of Huobi and ChainUP and Founder of Vernal Capital, Metagent Co-founder and former CTO Li Bojie (@bojie_li) issued a response. Li Bojie stated that ABCDE Capital committed to investing $1.5 million in the investment agreement, but actually only $500,000 was received, with the remaining $1 million never arriving, yet the company's cap table continued to record their equity based on the $1.5 million share. Affected by this, he and the co-founders voluntarily reduced their salaries, and the company's recruitment and R&D also fell into difficulties. In October 2024, Li Bojie officially resigned with board approval, citing personal family reasons preventing him from leaving mainland China and compliance risks existing in Web3 projects. He stated that during his tenure, he always fulfilled the responsibility of disclosing the cap table and business status on schedule, and after resignation, he also complied with non-compete clauses, voluntarily avoiding startup projects in fields such as Web3, AI infra, and image generation. Previously, Du Jun publicly posted stating that Li Bojie is the "founder with the least contractual spirit" he has ever cooperated with, accusing him of refusing to fulfill basic obligations agreed in the investment agreement, including refusing to synchronize business progress and financial status with investors, and subsequently losing contact.
2026 Q2 Web3 Security Incidents: $764 Million Stolen, 88.3% from Compromised Keys and Infrastructure
According to the quarterly Security and Compliance Report by Hacken, 67 security incidents in the Web3 space resulted in losses of $763.9 million in Q2 2026, making it the most severe quarter since Q2 2025. Compromised keys and infrastructure accounted for 88.3% of the stolen funds, approximately $674.5 million. Smart contract vulnerabilities remained the most common type of attack, linked to 44 out of the 67 incidents, but corresponding losses represented only about 11% of the total. Approximately 75.5% of the losses stemmed from two incidents attributed to North Korean threat actors, and 14 audited protocols were breached during the quarter. Leo Fan, founder of Cysic, stated that an audit is a point-in-time assessment of a specific codebase and does not automatically cover signature devices, cloud infrastructure, operational permissions, subsequent upgrades, third-party dependencies, or old contracts that remain callable. Samuel Videau, CTO of Genius, pointed out that nearly 90% of losses came from compromised keys, signers, and infrastructure. Multiple security leaders noted that Web3 security requires layered defenses including real-time monitoring, key management, multi-party authorization, and bug bounty programs. Leo Fan expects that operational access control attacks will continue to dominate losses in the second half of 2026, including social engineering, credential theft, compromised signers, cloud or CI/CD intrusions, and attacks on off-chain validator infrastructure.
InfoHawk Secures $2.25 Million Pre-Seed Funding Led by Moonshots Capital
Odaily AI-driven anti-fraud infrastructure provider InfoHawk has announced the completion of a $2.25 million Pre-Seed funding round, led by Moonshots Capital, with participation from former U.S. Federal Trade Commission Chairman Jon Leibowitz, AppNexus founder Brian O'Kelley, former Meta advertising executive Rob Goldman, GitHub CTO Vlad Fedorov, and others. The new funds will be used to support the company's application of AI content recognition and deep infrastructure analysis technology to help enterprises detect, analyze, and combat large-scale online fraud, phishing sites, brand impersonation, and Deepfake attacks. (PRNewswire)
Ledger CTO Analyzes Post-Quantum Cryptography Migration, Blockchain Favors Hash-Based Signature Schemes
Ledger Chief Technology Officer Charles Guillemet pointed out that the development of post-quantum cryptography has entered a critical stage. Although the timeline for a practical quantum computer remains unclear, a full-scale migration of the encryption systems across the industry is an inevitable trend. Led by NIST, the traditional sector plans to phase out high-risk algorithms by 2030 and completely ban them by 2035, with government and enterprise institutions expected to complete their migration layouts by 2029. Encryption and key exchange will adopt ML-KEM to defend against quantum decryption attacks on harvested data, with digital signatures becoming the core of blockchain transformation. The traditional industry prefers ML-DSA hybrid schemes, while the blockchain sector favors the more secure and robust SLH-DSA hash-based signature. Both schemes have their respective advantages and disadvantages. The compatibility challenges of post-quantum algorithms with MPC and threshold signatures remain a key risk that the industry urgently needs to address.
AI-Driven Vulnerability Bounty Reports Surge, Leaving Crypto Protocol Teams Overwhelmed by “AI Spam”
According to Cointelegraph, the widespread adoption of AI is driving up the number of submissions to cryptocurrency industry bug bounty programs—but a flood of low-quality “AI spam” reports has also emerged, placing a heavy burden on protocol teams for triaging. Barry Plunkett, Co-CEO of Cosmos Labs, stated that submission volume to its platform surged 900% year-on-year, with 20–50 reports received daily; Kadan Stadelmann, CTO of Komodo Platform, likewise noted a marked rise in low-quality and false-positive reports, attributing the root cause primarily to AI’s drastic reduction in the cost of generating reports. Daniel Stenberg, creator of the open-source tool curl, has already shut down his bug bounty program outright due to being overwhelmed. In response, industry insiders recommend that teams deploy defensive AI systems to automatically triage reports and adopt stricter submission criteria—reducing the volume of invalid reports and ensuring genuine vulnerabilities receive timely attention.
2026 Q2 Web3 Security Incidents: $764 Million Stolen, 88.3% from Compromised Keys and Infrastructure
According to the quarterly Security and Compliance Report by Hacken, 67 security incidents in the Web3 space resulted in losses of $763.9 million in Q2 2026, making it the most severe quarter since Q2 2025. Compromised keys and infrastructure accounted for 88.3% of the stolen funds, approximately $674.5 million. Smart contract vulnerabilities remained the most common type of attack, linked to 44 out of the 67 incidents, but corresponding losses represented only about 11% of the total. Approximately 75.5% of the losses stemmed from two incidents attributed to North Korean threat actors, and 14 audited protocols were breached during the quarter. Leo Fan, founder of Cysic, stated that an audit is a point-in-time assessment of a specific codebase and does not automatically cover signature devices, cloud infrastructure, operational permissions, subsequent upgrades, third-party dependencies, or old contracts that remain callable. Samuel Videau, CTO of Genius, pointed out that nearly 90% of losses came from compromised keys, signers, and infrastructure. Multiple security leaders noted that Web3 security requires layered defenses including real-time monitoring, key management, multi-party authorization, and bug bounty programs. Leo Fan expects that operational access control attacks will continue to dominate losses in the second half of 2026, including social engineering, credential theft, compromised signers, cloud or CI/CD intrusions, and attacks on off-chain validator infrastructure.
Pons will release v2 version, introducing RWA trading pairs and Uniswap V4 fee mechanism
According to Odaily, Pons, a token launch platform on Robinhood Chain, will release its v2 version, planning to introduce multiple feature updates.It is reported that Pons v2 will introduce a Bonding Curve mechanism denominated in ETH, remove trading restrictions for non-developer wallets, and support custom trading pairs, including RWA assets such as USDG, NVDA, AAPL, and HOOD.Additionally, Pons will adopt Uniswap V4 pools and Hooks to redesign the fee structure, with creators receiving fees in ETH by default. When the token value reaches 4.2 ETH, it will automatically graduate to a permanently locked Uniswap V4 full-range position.Other updates include a new CTO function with a 3-day timelock, support for charging fees in stablecoins or other tokens, and an optional tax mechanism for each buy and sell transaction.
Balaji: Network School Signs MOU with the Republic of Kazakhstan
Balaji, former CTO of Coinbase and general partner at A16z, stated on the X platform that Network School has signed a Memorandum of Understanding (MOU) with the Republic of Kazakhstan. The new campus will provide support such as accelerated visas, streamlined corporate re-registration processes, and global talent recruitment.
Former Microsoft AI Team Founds Skyfall AI, Bets $1 Million on ‘AI CEO’ Experiment to Run a Real Business
Skyfall AI, an artificial intelligence startup founded by former Microsoft AI team members, has announced it will spend up to $1 million to acquire a small B2B SaaS or e-commerce company, attempting to let an AI system fully take over operations to test whether an 'AI CEO' can manage a real commercial organization.Skyfall AI co-founder Sam Pasupalak and CTO Kaheer Suleman believe the current AI industry is largely focused on creating 'autonomous employees'—gradually replacing individual tasks—but this does not represent true enterprise autonomy. They aim to test whether AI can cover the full range of decisions, including pricing, marketing, customer support, finance, and operations, by running a real business.The project's goal is to have the AI serve as the core manager of the enterprise, driving revenue growth with reduced human intervention, while publicly documenting the successes and failures encountered during the experiment.Skyfall’s founders stated that while existing large language models (LLMs) perform well with known knowledge and in fixed environments, they still fall short in continuous learning when faced with competitive changes, shifts in customer behavior, and market dynamics. Therefore, the company is exploring a new AI architecture called 'Enterprise World Models,' aiming to enable AI to understand the operational state of a business and predict the impact of decisions on future development.Skyfall AI was founded by members of the Maluuba team. Maluuba was acquired by Microsoft for approximately $160 million in 2017, and its technology later became part of Microsoft's AI research presence in Canada. (Forbes)
InfoHawk Secures $2.25 Million Pre-Seed Funding Led by Moonshots Capital
Odaily AI-driven anti-fraud infrastructure provider InfoHawk has announced the completion of a $2.25 million Pre-Seed funding round, led by Moonshots Capital, with participation from former U.S. Federal Trade Commission Chairman Jon Leibowitz, AppNexus founder Brian O'Kelley, former Meta advertising executive Rob Goldman, GitHub CTO Vlad Fedorov, and others. The new funds will be used to support the company's application of AI content recognition and deep infrastructure analysis technology to help enterprises detect, analyze, and combat large-scale online fraud, phishing sites, brand impersonation, and Deepfake attacks. (PRNewswire)
Sooth Labs plans to raise approximately $50 million to develop AI models for event prediction.
According to Bloomberg, Sooth Labs, an AI lab founded by former Meta employees, is raising approximately $50 million in funding, led by Felicis Ventures, with a post-money valuation of about $335 million. The company plans to develop AI models that predict the probability of specific geopolitical and market events, offering these capabilities to enterprises. Sooth Labs has also received support from Yann LeCun and Google’s Chief Scientist Jeff Dean, and Meta’s CTO Andrew Bosworth serves as an advisor.
Related news
Coinbase 任命 Rob Witoff 为新任 CTO
According to The Block, Coinbase announced the appointment of company veteran RWitoff as the new Chief Technology Officer (CTO), marking the latest move in the recent continuous senior personnel adjustments at the largest cryptocurrency exchange in the United States. RWitoff previously worked at Coinbase and is returning to the core technical position through internal promotion.
2026 Q2 Web3 Security Incidents: $764 Million Stolen, 88.3% from Compromised Keys and Infrastructure
According to the quarterly Security and Compliance Report by Hacken, 67 security incidents in the Web3 space resulted in losses of $763.9 million in Q2 2026, making it the most severe quarter since Q2 2025. Compromised keys and infrastructure accounted for 88.3% of the stolen funds, approximately $674.5 million. Smart contract vulnerabilities remained the most common type of attack, linked to 44 out of the 67 incidents, but corresponding losses represented only about 11% of the total. Approximately 75.5% of the losses stemmed from two incidents attributed to North Korean threat actors, and 14 audited protocols were breached during the quarter. Leo Fan, founder of Cysic, stated that an audit is a point-in-time assessment of a specific codebase and does not automatically cover signature devices, cloud infrastructure, operational permissions, subsequent upgrades, third-party dependencies, or old contracts that remain callable. Samuel Videau, CTO of Genius, pointed out that nearly 90% of losses came from compromised keys, signers, and infrastructure. Multiple security leaders noted that Web3 security requires layered defenses including real-time monitoring, key management, multi-party authorization, and bug bounty programs. Leo Fan expects that operational access control attacks will continue to dominate losses in the second half of 2026, including social engineering, credential theft, compromised signers, cloud or CI/CD intrusions, and attacks on off-chain validator infrastructure.
Pons will release v2 version, introducing RWA trading pairs and Uniswap V4 fee mechanism
According to Odaily, Pons, a token launch platform on Robinhood Chain, will release its v2 version, planning to introduce multiple feature updates.It is reported that Pons v2 will introduce a Bonding Curve mechanism denominated in ETH, remove trading restrictions for non-developer wallets, and support custom trading pairs, including RWA assets such as USDG, NVDA, AAPL, and HOOD.Additionally, Pons will adopt Uniswap V4 pools and Hooks to redesign the fee structure, with creators receiving fees in ETH by default. When the token value reaches 4.2 ETH, it will automatically graduate to a permanently locked Uniswap V4 full-range position.Other updates include a new CTO function with a 3-day timelock, support for charging fees in stablecoins or other tokens, and an optional tax mechanism for each buy and sell transaction.
Balaji: Network School Signs MOU with the Republic of Kazakhstan
Balaji, former CTO of Coinbase and general partner at A16z, stated on the X platform that Network School has signed a Memorandum of Understanding (MOU) with the Republic of Kazakhstan. The new campus will provide support such as accelerated visas, streamlined corporate re-registration processes, and global talent recruitment.
Malaysia's Johor State Revokes Business License of Network School Founded by Balaji Srinivasan
According to Reuters, the Johor state government of Malaysia has revoked the business license of the digital nomad community Network School, founded by American investor and former Coinbase CTO Balaji Srinivasan, and required it to cease all operations in Forest City starting from July 22. The project was previously investigated after being accused on social media of assisting Israeli citizens in entering Malaysia, but the immigration department stated after inspection that the relevant members held valid travel documents. The Johor state government stated that the decision to revoke the license was made based on inspection reports, law enforcement results, and the company's statements.
Ansem: The value created by the community around ANSEM far exceeds expectations; the team is only responsible for directing attention.
crypto KOL Ansem posted on X platform, stating that the number of community members building tools and products around ANSEM has far exceeded expectations, and added that this process proves the value created by the community is much greater than what the team itself anticipated.Ansem stated that his current main role is to act as the "CTO" of ANSEM and direct market attention to the token, while a large number of community members are independently building around ANSEM.