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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.
"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.
Trump Account Registration and Initial Deposits to Open on July 4th
According to Odaily, the "Trump Account" initiative launched in the United States has announced that registration and initial deposits will open on July 4th. First proposed alongside the "Great American" bill, the account allows parents to set up tax-deferred investment accounts for children under 18. Family members, friends, and employers can jointly contribute to the account, with a maximum annual deposit of $5,000, which will be adjusted for inflation in the future. Additionally, the Trump Account permits employers to provide subsidized contributions for employees' children, up to $2,500 per year. Once the account holder turns 18, the account will automatically convert into a traditional IRA structure, allowing continued investment and additional contributions. (Source: war.gov)
Senate Democrats Demand Hearing on Trump Family Crypto Project's Ties to Abu Dhabi Royal Family
Odaily, U.S. Senate Democrats have sent a letter to Republican leadership demanding an immediate hearing regarding the potential relationship between the Trump family's crypto project, World Liberty Financial, and the Abu Dhabi royal family.This follows a report by the Wall Street Journal that an investment entity backed by Sheikh Tahnoon bin Zayed Al Nahyan, a member of the Abu Dhabi royal family, secretly acquired a 49% stake in World Liberty Financial. The project is a DeFi and stablecoin venture, with Donald Trump and his three sons listed as advisors.According to the report, the deal was signed by Eric Trump four days before Trump's presidential inauguration in January 2025. The transaction was valued at $500 million, half of which was paid upfront. Approximately $187 million flowed to entities controlled by the Trump family, while at least $31 million went to entities linked to the family of World Liberty co-founder Steve Witkoff. Witkoff was later appointed as the U.S. Special Envoy for the Middle East, and his son, Zach Witkoff, currently serves as CEO of World Liberty.The Trump side has stated that Trump was unaware of the $500 million investment and was not directly involved in the daily operations of World Liberty Financial. Democrats argue that the matter involves potential conflicts of interest between the president's family business interests, foreign capital, and government diplomatic roles, and have therefore called on the Republican-led Senate to launch an investigation as soon as possible.
Senator Warren Demands SEC Investigation into Trump Family's Cryptocurrency Company
U.S. Senator Elizabeth Warren has called on the U.S. Securities and Exchange Commission (SEC) to investigate the cryptocurrency company of President Donald Trump's family. (Jin10)
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.
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.
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)
Family of American Gangster John Gotti Sentenced for Involvement in Cryptocurrency-Related Fraud
Odaily News: The U.S. Department of Justice disclosed that Carmine Agnello, the grandson of gangster John Gotti, was sentenced to 15 months in prison for fraudulently obtaining approximately $1.1 million in COVID-19 relief funds and investing part of the money into cryptocurrency businesses.Prosecutors stated that between April 2020 and November 2021, Agnello obtained multiple relief loans from the U.S. Small Business Administration (SBA) through false applications, claiming they were for the operation of his auto parts and recycling business. In reality, he diverted the funds for personal use, with about $420,000 invested in cryptocurrency-related investments.The U.S. Attorney's Office for the Eastern District of New York said this conduct occurred during the peak of the pandemic and constituted a serious misuse of government aid funds. Agnello is expected to begin serving his prison sentence on July 1.Furthermore, official data shows that fraud related to U.S. pandemic relief funds is severe. The U.S. Government Accountability Office (GAO) estimates that approximately $135 billion (about 15% of the total) flowed into fraudulent activities. (CoinDesk)
Peter Schiff: Trump Family Exploits Retail Investors with Cryptocurrency, May Face Numerous Lawsuits
Peter Schiff posted that the Trump family profited billions of dollars by selling cryptocurrencies and Trump-related company stocks to the public, but their earnings did not come from actual value creation, but rather from investors' losses. He pointed out that most victims are inexperienced loyal Trump supporters who mistakenly regarded the related products as legitimate investments. Schiff predicted that the Trump Organization will face numerous lawsuits from victims seeking to recover losses, and the Democratic Party may use this to produce political advertisements to exert public opinion pressure on the Republican Party. Additionally, Schiff also hinted that Trump's recent claim that he "has become a major supporter of cryptocurrency" may be related to pressure from his cryptocurrency donors.
Trump Family crypto mining company ABTC will implement a 1-for-15 reverse stock split to maintain listing status
According to PRNewswire, Trump family crypto mining company American Bitcoin announced it will implement a 1-for-15 reverse stock split on July 2, 2026, Eastern Time. Following the split, its common stock will resume trading on the Nasdaq Capital Market at an adjusted price on July 6, 2026. The trading symbol will remain ABTC, but the CUSIP number will be updated.
Senate Democrats Demand Hearing on Trump Family Crypto Project's Ties to Abu Dhabi Royal Family
Odaily, U.S. Senate Democrats have sent a letter to Republican leadership demanding an immediate hearing regarding the potential relationship between the Trump family's crypto project, World Liberty Financial, and the Abu Dhabi royal family.This follows a report by the Wall Street Journal that an investment entity backed by Sheikh Tahnoon bin Zayed Al Nahyan, a member of the Abu Dhabi royal family, secretly acquired a 49% stake in World Liberty Financial. The project is a DeFi and stablecoin venture, with Donald Trump and his three sons listed as advisors.According to the report, the deal was signed by Eric Trump four days before Trump's presidential inauguration in January 2025. The transaction was valued at $500 million, half of which was paid upfront. Approximately $187 million flowed to entities controlled by the Trump family, while at least $31 million went to entities linked to the family of World Liberty co-founder Steve Witkoff. Witkoff was later appointed as the U.S. Special Envoy for the Middle East, and his son, Zach Witkoff, currently serves as CEO of World Liberty.The Trump side has stated that Trump was unaware of the $500 million investment and was not directly involved in the daily operations of World Liberty Financial. Democrats argue that the matter involves potential conflicts of interest between the president's family business interests, foreign capital, and government diplomatic roles, and have therefore called on the Republican-led Senate to launch an investigation as soon as possible.
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.
Trump Family’s American Bitcoin Adds 11,000 New Mining Rigs, Total Hashrate Reaches 28.1 EH/s
According to Decrypt, American Bitcoin, a mining company affiliated with the Trump family, has deployed 11,298 Bitcoin miners at its Drumheller facility in Alberta, Canada, adding 3.05 EH/s of hash rate and bringing its total in-house hash rate to 28.1 EH/s across 89,242 devices. Following the announcement, ABTC’s stock rose over 13% during Wednesday’s pre-market trading. American Bitcoin stated that this deployment completes its previously announced expansion plan and that the average energy efficiency of its current in-house miners is 16.0 J/TH.
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.
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RootData: 99 Crypto Projects Have Already Ceased Operations or Fallen Into Long-Term Suspension in 2026
The list covers multiple crypto sectors, including trading platforms BitMart, BitMEX, AscendEX, wallet projects Family, Crtl, Leap, DeFi projects Zapper, Stream Finance, Altura, and data tools such as Parsec. Some of these projects have experienced previous market cycles and gained some attention in the past.
"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.
Peter Schiff: Trump Family Exploits Retail Investors with Cryptocurrency, May Face Numerous Lawsuits
Peter Schiff posted that the Trump family profited billions of dollars by selling cryptocurrencies and Trump-related company stocks to the public, but their earnings did not come from actual value creation, but rather from investors' losses. He pointed out that most victims are inexperienced loyal Trump supporters who mistakenly regarded the related products as legitimate investments. Schiff predicted that the Trump Organization will face numerous lawsuits from victims seeking to recover losses, and the Democratic Party may use this to produce political advertisements to exert public opinion pressure on the Republican Party. Additionally, Schiff also hinted that Trump's recent claim that he "has become a major supporter of cryptocurrency" may be related to pressure from his cryptocurrency donors.
Trump Family crypto mining company ABTC will implement a 1-for-15 reverse stock split to maintain listing status
According to PRNewswire, Trump family crypto mining company American Bitcoin announced it will implement a 1-for-15 reverse stock split on July 2, 2026, Eastern Time. Following the split, its common stock will resume trading on the Nasdaq Capital Market at an adjusted price on July 6, 2026. The trading symbol will remain ABTC, but the CUSIP number will be updated.
Trump Account Registration and Initial Deposits to Open on July 4th
According to Odaily, the "Trump Account" initiative launched in the United States has announced that registration and initial deposits will open on July 4th. First proposed alongside the "Great American" bill, the account allows parents to set up tax-deferred investment accounts for children under 18. Family members, friends, and employers can jointly contribute to the account, with a maximum annual deposit of $5,000, which will be adjusted for inflation in the future. Additionally, the Trump Account permits employers to provide subsidized contributions for employees' children, up to $2,500 per year. Once the account holder turns 18, the account will automatically convert into a traditional IRA structure, allowing continued investment and additional contributions. (Source: war.gov)
Senate Democrats Demand Hearing on Trump Family Crypto Project's Ties to Abu Dhabi Royal Family
Odaily, U.S. Senate Democrats have sent a letter to Republican leadership demanding an immediate hearing regarding the potential relationship between the Trump family's crypto project, World Liberty Financial, and the Abu Dhabi royal family.This follows a report by the Wall Street Journal that an investment entity backed by Sheikh Tahnoon bin Zayed Al Nahyan, a member of the Abu Dhabi royal family, secretly acquired a 49% stake in World Liberty Financial. The project is a DeFi and stablecoin venture, with Donald Trump and his three sons listed as advisors.According to the report, the deal was signed by Eric Trump four days before Trump's presidential inauguration in January 2025. The transaction was valued at $500 million, half of which was paid upfront. Approximately $187 million flowed to entities controlled by the Trump family, while at least $31 million went to entities linked to the family of World Liberty co-founder Steve Witkoff. Witkoff was later appointed as the U.S. Special Envoy for the Middle East, and his son, Zach Witkoff, currently serves as CEO of World Liberty.The Trump side has stated that Trump was unaware of the $500 million investment and was not directly involved in the daily operations of World Liberty Financial. Democrats argue that the matter involves potential conflicts of interest between the president's family business interests, foreign capital, and government diplomatic roles, and have therefore called on the Republican-led Senate to launch an investigation as soon as possible.