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Renaiss, an RWA infrastructure protocol for collectibles, has closed a $1.5 million seed funding round led by YZi Labs.
Renaiss, a real-world collectibles liquidity infrastructure, announced the successful completion of a $1.5 million seed funding round, led by YZi Labs, with participation from Gate Ventures, Hash Global, XIN Family, and Redline Labs. Angel investors include Mask Network, Far East Group, Logoman, Hoopi, and Legit App. Built on BNB Chain, Renaiss aims to connect third-party vaults, card shops, and custodial nodes via its Renaiss Vault OS, while Renaiss.XYZ serves as the application layer enabling users to access the on-chain collectibles market. Renaiss provides verifiable custody, standardized settlement, and on-chain liquidity for physical collectibles—eliminating friction in verification, custody, pricing, and cross-border transactions. This allows custodially verified collectibles to undergo ownership transfers on-chain and circulate globally in a trustless, permissionless manner. The funds will be used to expand the vault network, strengthen product development and integration with the Renaiss SDK ecosystem, broaden the range of supported collectible categories, drive global market expansion, and support infrastructure development for DeFi integration and AI Agents. Notably, Renaiss has been selected as a project in the third cohort of YZi Labs’ EASY Residency incubation program.
Websea Secures Strategic Investment from Middle Eastern Family Fund; Withdrawals to Resume Shortly, Ushering in a New Phase of Growth
According to an official announcement, the digital asset trading platform Websea has reached an investment agreement with a strategic investor and will officially resume withdrawals at 16:00 (UTC+8) on May 18, simultaneously releasing the specific withdrawal arrangements. The strategic investment is reported to come from a Middle Eastern family fund. The two parties conducted multiple rounds of in-depth discussions on core topics including the platform’s asset status, business structure optimization, recovery roadmap design, and long-term development planning, ultimately reaching a consensus on cooperation. Currently, the investor is proceeding with fund injection per the established process, while concurrently conducting legal due diligence, signing agreements, and finalizing equity arrangements.
Paxos Labs Raises $12 Million in Funding, Led by Blockchain Capital
According to Fortune, Paxos Labs—a stablecoin and blockchain infrastructure company—has announced a $12 million funding round led by Blockchain Capital, with participation from Robot Ventures, Maelstrom Family Office, and Uniswap Labs. Paxos Labs was spun out from Paxos and focuses on providing enterprises with stablecoin issuance and decentralized finance (DeFi) access solutions, enabling clients to create branded stablecoins via a single software suite and offering features such as interest-bearing crypto deposits and collateralized lending. Paxos Labs has already secured clients including Hyperbeat and Aleo and expects to reach breakeven by the end of this year. Previously, Paxos acquired cryptocurrency wallet company Fordefi for over $100 million to meet growing client demand for DeFi market solutions.
Bloomberg: Crypto Firms Linked to the Trump Family Preemptively Establish Legal Defenses; Democrats Could Launch Investigations If They Win the Midterm Elections
According to Bloomberg, cryptocurrency, venture capital, and prediction market companies associated with Donald Trump and his family are scrambling to hire lawyers and lobbyists in preparation for a potential congressional investigation. It is reported that Democratic lawmakers have already requested information from World Liberty Financial and 1789 Capital, focusing on whether these related firms have secured government contracts or policy favors, and whether any conflicts of interest exist. However, analysts suggest that even if Democrats win a congressional majority in the midterm elections, the investigation could still face obstacles, including difficulties in compelling foreign individuals to provide testimony or documents, and uncertainty over whether federal agencies such as the Department of Justice will take further action. At present, the involved companies and the Trump family maintain that their business activities comply with the law.
Reuters: Democrats Plan to Investigate Trump Family’s Crypto Business If They Win Midterm Elections
According to Reuters, multiple U.S. congressional staff members and lawyers have disclosed that if Democrats secure control of the House or Senate in the November midterms, cryptocurrency firms affiliated with the Trump family and related venture capital companies will become key targets of investigation. After obtaining subpoena power, Democrats could initiate the probe as early as February next year, though a final list has not yet been established.
Trump Family-Backed World Liberty Financial Receives Preliminary Approval for U.S. National Trust Bank Charter
According to Bloomberg, the Trump family-backed cryptocurrency project World Liberty Financial has received preliminary conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) for a national trust bank charter, with plans to establish World Liberty Trust Company. Upon final approval, the institution will be able to directly issue and redeem the stablecoin USD1, manage its reserve assets, and provide digital asset custody services.
Stanley Druckenmiller Buys $87.8 Million in Bitdeer and Hyperliquid Strategies Shares
Odaily News: Duquesne Family Office founder Stanley Druckenmiller purchased 4.1 million shares of high-performance computing company Bitdeer Technologies Group (BTDR) in the second quarter, with a position value exceeding $64.7 million and an average purchase price of $12.26. The company produces cryptocurrency mining hardware and operates data centers in the United States and other regions.Additionally, Druckenmiller bought 2.9 million shares of Hyperliquid Strategies (PURR), a digital asset treasury company in the HYPE sector, with a position value of $23.1 million, gaining indirect exposure to HYPE. Hyperliquid Strategies aims to provide U.S. and institutional investors with investment channels related to the HYPE token.Druckenmiller's moves are similar to concurrent increases in BTDR positions by Jane Street and Citadel, with Jane Street currently holding over $112 million worth of BTDR shares. BlackRock, State Street, and Citadel also increased their PURR holdings in the second quarter; HYPE previously hit an all-time high following related compliance progress news. (Bitcoin.com News)
OCC Conditionally Approves Trust Charter for Trump Family Crypto Company
The U.S. Office of the Comptroller of the Currency conditionally approved World Liberty Financial's trust license application. Ten Democratic senators signed a bill to prevent corruption in bank applications.
Data: Trump Family-Linked Stablecoin USD1 Surpasses $50 Billion in Cumulative Trading Volume on Binance
Odaily News: CryptoQuant analyst Darkfost posted on platform X, stating that the cumulative trading volume of the Trump family-linked stablecoin USD1 on Binance has surpassed $50 billion. Data shows that since its launch over a year ago, USD1 has experienced rapid growth in trading scale. The stablecoin was launched by World Liberty Financial in March 2025, a project co-founded with the participation of the Trump family. USD1 is primarily backed by U.S. dollars and short-term U.S. Treasury assets, and adopts an institutional-oriented compliance framework. Currently, the market cap of USD1 has exceeded $4 billion.
Du Jun: Due to frequent security incidents, many family offices have already swapped BTC for IBIT, or even liquidated their holdings to buy physical gold
Du Jun posted on X: "Family offices that I persuaded years ago to allocate BTC and ETH, after experiencing centralized exchange hacks and cold wallet supply chain security incidents, have one after another swapped their BTC for IBIT, and some simply sold their coins to buy physical gold and other traditional assets. I don't even know how to advise them anymore—it seems there's no solution."
Duquesne Family Office exits Intel and Micron Technology, builds positions in four Bitcoin mining companies
Odaily News: Duquesne Family Office, managed by Stanley Druckenmiller, has exited its positions in Intel and Micron Technology, and established new positions in four publicly listed Bitcoin mining companies: Bitdeer Technologies, Riot Platforms, Hut 8, and IREN. (BitcoinNews)
Duquesne takes initial stake of $23 million in Hyperliquid Strategies Inc
Odaily News: According to Duquesne's 13F filing for the second quarter of 2026 with the U.S. Securities and Exchange Commission (SEC), as of June 30, Duquesne disclosed for the first time a holding of $23 million in shares of Hyperliquid Strategies Inc (NASDAQ: PURR), the treasury company for HYPE. Earlier information indicated that Federal Reserve Chair Warsh previously worked at the Duquesne family office; prior to taking office, his major assets exceeded $100 million, including two investments exceeding $50 million each related to Duquesne Family Office, likely connected to his advisory role with the family office.
Data: Trump Family-Linked Stablecoin USD1 Surpasses $50 Billion in Cumulative Trading Volume on Binance
Odaily News: CryptoQuant analyst Darkfost posted on platform X, stating that the cumulative trading volume of the Trump family-linked stablecoin USD1 on Binance has surpassed $50 billion. Data shows that since its launch over a year ago, USD1 has experienced rapid growth in trading scale. The stablecoin was launched by World Liberty Financial in March 2025, a project co-founded with the participation of the Trump family. USD1 is primarily backed by U.S. dollars and short-term U.S. Treasury assets, and adopts an institutional-oriented compliance framework. Currently, the market cap of USD1 has exceeded $4 billion.
Reuters: Iran’s Largest Crypto Exchange Nobitex Linked to the Family of Iran’s Supreme Leader
According to a Reuters investigation, Nobitex—the largest cryptocurrency exchange in Iran—was founded by members of the Kharrazi family, who maintain close ties to Iran’s highest leadership. The investigation found that the exchange was established by brothers Ali and Mohammad Kharrazi, who previously used the surname “Aghamir” to conceal their connection to the Kharrazi family—a family long embedded in Iran’s political inner circle, including historical links to Ayatollah Ali Khamenei and his successors. The report states that Nobitex currently serves over 11 million users and dominates Iran’s cryptocurrency market. It continued operating during Iran’s conflicts with the United States and Israel—even amid nationwide internet blackouts—and processed transactions throughout. Analysts estimate its trading volume exceeded $100 million during wartime, accompanied by substantial outflows of funds overseas. Additionally, multiple on-chain analytics firms have identified that the platform processed transactions linked to sanctioned entities, with estimated volumes ranging from $22 million to $366 million. Data also shows that wallets associated with the Central Bank of Iran transferred hundreds of millions of dollars’ worth of cryptocurrency assets to Nobitex in 2025—widely believed to be an effort to circumvent financial sanctions. Nobitex has denied any government affiliation and stated that illicit transactions constitute only a small fraction of its overall business.
Iranian Crypto Exchange Nobitex Controlled by Founders' Family with Close Ties to High-Ranking Officials, Trading Remains Active During Wartime
Nobitex, Iran's largest cryptocurrency exchange, was founded by members of the Kharrazi family, who have close ties to Iran's supreme leadership. Investigations show the exchange was created by brothers Ali and Mohammad Kharrazi, who previously used the surname "Aghamir" to conceal their connection to the Kharrazi family. This family has long-standing, deep ties to Iran's political core, including historical links to Ali Khamenei and his successors.The report indicates that Nobitex currently serves over 11 million users, dominates the Iranian crypto market, and has continued operating throughout conflicts between Iran, the United States, and Israel, even processing transactions during nationwide internet blackouts. Analysts say its trading volume exceeded $100 million during wartime, with significant funds flowing overseas.Additionally, multiple on-chain analytics firms point out that the platform has processed transactions linked to sanctioned entities, with estimated volumes ranging from $22 million to $366 million. Other data shows that wallets associated with the Central Bank of Iran transferred hundreds of millions of dollars worth of crypto assets to Nobitex in 2025, allegedly to circumvent financial sanctions. Nobitex denies any connection to the government, stating that illegal transactions represent only a small fraction of its overall business. (Cointelegraph)
Stan Druckenmiller Announces as an Investor in Trade.xyz
Stan Druckenmiller (@standuquesne), Chairman and Chief Investment Officer of Duquesne Family Office, posted his first tweet, stating that he has become an investor in Trade.xyz. Trade.xyz is collaborating with Intercontinental Exchange (ICE) to bring Hyperliquid-based 24/7 perpetual futures to the United States. Stan Druckenmiller said that as a market participant, he looks forward to using this product to improve his investment process.
Siebert Reiterates Buy Rating on Trump Family-Backed American Bitcoin, Price Target $40
Bitcoin Treasuries posted on X that Siebert, an investment bank with $20 billion in assets, has reiterated its buy rating on Trump family-backed Bitcoin mining company American Bitcoin, with a price target of $40. Siebert stated that American Bitcoin has attractive mining economics and the potential to double its hashrate within approximately 12 to 24 months.
Ondo Finance Founder Dies Without a Will, Family Fights for Control Over $11 Million Compensation Package
Odaily reports: Nathan Allman, founder of the blockchain project Ondo Finance, passed away without leaving a will. His parents consequently inherited his estate, including a controlling stake and a substantial amount of ONDO tokens, escalating a legal dispute over control of the project.The founder's mother, Kathleen Allman, has sued acting CEO Ian De Bode, accusing him of attempting to seize control of the company and secure a compensation package worth approximately $11 million for himself.Nathan Allman's half-sister and Ondo investor David Chen are seeking a limited guardianship over Kathleen Allman's portion of the estate, citing concerns including cognitive impairment and financial mismanagement; Kathleen Allman denies the allegations. (CoinDesk)
OKX to List PONS/USDT (Pons Family)
Odaily News: OKX is about to list PONS/USDT (Pons Family), with the specific schedule as follows:PONS deposit opening time: September 15, 2026, 16:00 (UTC+8)PONS/USDT pre-market order placement period: September 15, 2026, 21:30 to 22:30 (UTC+8)PONS/USDT spot trading opening time: September 15, 2026, 22:30 (UTC+8)PONS withdrawal opening time: September 16, 2026, 00:30 (UTC+8)
Trump Family Crypto Bank Secures 49% Stake Backing from Abu Dhabi's "Spy Sheikh"
According to The Wall Street Journal, UAE National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan and his co-investors hold the largest stake of 49% in a newly established banking holding company for World Liberty Financial, the cryptocurrency venture backed by the Trump family. The Sheikh previously acquired a 49% stake in World Liberty Financial last year for $500 million. World Liberty Financial is currently actively preparing to launch its banking operations.
Trump Family-Backed World Liberty Financial Receives Preliminary Approval for U.S. National Trust Bank Charter
According to Bloomberg, the Trump family-backed cryptocurrency project World Liberty Financial has received preliminary conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) for a national trust bank charter, with plans to establish World Liberty Trust Company. Upon final approval, the institution will be able to directly issue and redeem the stablecoin USD1, manage its reserve assets, and provide digital asset custody services.
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xAI Founder Elon Musk: Grok Will Select and Buy Gifts for Friends and Family
Musk said that Grok Bot will research gifts that family and friends might like and purchase them. He cited a user who said they had previously instructed the bot to use X Money to select gifts.
Du Jun: Due to frequent security incidents, many family offices have already swapped BTC for IBIT, or even liquidated their holdings to buy physical gold
Du Jun posted on X: "Family offices that I persuaded years ago to allocate BTC and ETH, after experiencing centralized exchange hacks and cold wallet supply chain security incidents, have one after another swapped their BTC for IBIT, and some simply sold their coins to buy physical gold and other traditional assets. I don't even know how to advise them anymore—it seems there's no solution."
Stan Druckenmiller Announces as an Investor in Trade.xyz
Stan Druckenmiller (@standuquesne), Chairman and Chief Investment Officer of Duquesne Family Office, posted his first tweet, stating that he has become an investor in Trade.xyz. Trade.xyz is collaborating with Intercontinental Exchange (ICE) to bring Hyperliquid-based 24/7 perpetual futures to the United States. Stan Druckenmiller said that as a market participant, he looks forward to using this product to improve his investment process.
Bloomberg: Crypto Firms Linked to the Trump Family Preemptively Establish Legal Defenses; Democrats Could Launch Investigations If They Win the Midterm Elections
According to Bloomberg, cryptocurrency, venture capital, and prediction market companies associated with Donald Trump and his family are scrambling to hire lawyers and lobbyists in preparation for a potential congressional investigation. It is reported that Democratic lawmakers have already requested information from World Liberty Financial and 1789 Capital, focusing on whether these related firms have secured government contracts or policy favors, and whether any conflicts of interest exist. However, analysts suggest that even if Democrats win a congressional majority in the midterm elections, the investigation could still face obstacles, including difficulties in compelling foreign individuals to provide testimony or documents, and uncertainty over whether federal agencies such as the Department of Justice will take further action. At present, the involved companies and the Trump family maintain that their business activities comply with the law.
Raffles Family Office Targets Asia's Newly Wealthy in Crypto, Provides Wealth Management Services for Substantial Stablecoin Holdings
According to Fortune, Singapore and Hong Kong-based Raffles Family Office (RFO) is developing wealth management services better suited for stablecoin holders for Asia's new generation of crypto-asset billionaires. RFO founder and CEO Chi-Man Kwan noted that the traditional private banking system continues to face significant limitations in managing large-scale stablecoin wealth. For instance, clients holding $100 million in stablecoins are typically unable to execute traditional wealth management allocations directly through local banks. The report highlights that a considerable portion of the wealth among Asia's new-generation billionaires originates from the tech and crypto industries. Compared to traditional "old money" groups in Europe and North America, this demographic is notably younger and exhibits a higher risk appetite, driving wealth management institutions to accelerate adjustments to their products and services to better cater to the needs of crypto-asset investors.
Siebert Reiterates Buy Rating on Trump Family-Backed American Bitcoin, Price Target $40
Bitcoin Treasuries posted on X that Siebert, an investment bank with $20 billion in assets, has reiterated its buy rating on Trump family-backed Bitcoin mining company American Bitcoin, with a price target of $40. Siebert stated that American Bitcoin has attractive mining economics and the potential to double its hashrate within approximately 12 to 24 months.