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Project Overview
Nexus Network is a massively-parallelized proof mining network. It is a world-scale instantiation of the Nexus zkVM, designed to run at a trillion CPU cycles per second, given enough computing power connected to it. The Nexus zkVM (zero-knowledge virtual machine) is a modular, extensible, open-source, highly-parallelized, prover-optimized, contributor-friendly, zkVM written in Rust, focused on performance and security.
Orochi Network Completes $8 Million Funding Round with Participation from Plutus VC and Others
Odaily reports: Orochi Network announced an additional $8 million in funding, bringing its cumulative fundraising to $20 million. The funds will be used to build verifiable data infrastructure for real-world asset (RWA) tokenization. This round received support from MEXC Ventures, Plutus VC, Bolts Capital, Ant Labs, and previous investors, and the project also received a grant from the Ethereum Foundation.Orochi Network stated that its verifiable database zkDatabase has launched on mainnet, having processed over 700 million proofs cumulatively with more than 10,000 downloads. It has established partnerships with projects such as Plume, Lumia, Nexus, and OG, and its alliance has over 120 enterprise partners. The network aims to use cryptographic technologies such as zero-knowledge proofs to verify the authenticity and integrity of asset data, providing data verification and audit infrastructure for applications including RWA, stablecoins, and AI.
YZi Labs leads FinTax's seed round, establishing long-term ecosystem collaboration
: FinTax, a provider of cryptocurrency financial and tax solutions and their AI infrastructure, has announced the completion of its seed round of financing, led by YZi Labs (through EASY Residency S4), with participation from Amber, Hash House, Pundi AI, Waverider International, and Nexus Holdings, at a post-investment valuation of $40 million. Previous round investors include Victory Courage, BGIN, Tools Factory, and individual investor Fan Chao.In recent years, YZi Labs has been consistently expanding its presence in stablecoins, RWA, payments, and institutional-grade digital asset infrastructure. Leveraging FinTax's expertise in on-chain data processing, crypto accounting, cross-jurisdictional tax practices, and crypto asset financial auditing, both parties will explore long-term ecosystem collaboration centered on institutional-grade financial and tax infrastructure, compliance standards, and emerging scenarios such as stablecoins, RWA, and payments.Following the completion of this financing round, FinTax will accelerate the scaling of its five major product lines, expand its business from Asia-Pacific and North America into European and Middle Eastern markets, and deepen the application of AI in complex financial and tax scenarios. FinTax will continue to drive dual iteration of blockchain and legal systems across dozens of jurisdictions, connecting on-chain economic activities with the real-world financial and tax framework.
Anthropic-Affiliated AI Data Center Nexus Data Secures $1.3 Billion in Private Credit Support
According to Bloomberg, private credit firm Eagle Point Credit Management LLC is providing a loan of approximately $1.3 billion for a large AI data center in Texas, USA, associated with Anthropic, marking another mega-deal in the boom of AI infrastructure financing.
AI Supply Chain Management Startup Freehand Announces Completion of $75 Million Funding
According to TNW, AI supply chain management startup Freehand announced the completion of a $75 million funding round, co-led by Battery Ventures and NewRoad Capital Partners, with participation from Nexus Venture Partners and PSP Growth, a fund under former U.S. Secretary of Commerce Penny Pritzker. Freehand's AI agents can autonomously handle contract interpretation, supplier rate negotiation, overcharge bill identification, payment processing, and ERP system reconciliation, with clients covering top enterprises such as Meta, Unilever, Johnson & Johnson, Pfizer, Dunkin', and Cardinal Health.
AI financial data infrastructure company Daloopa completes $47 million Series C funding round, led by Brighton Park Capital
: AI financial data infrastructure company Daloopa announced the completion of a $47 million Series C funding round, led by Brighton Park Capital, with participation from Squarepoint Capital, Touring Capital, and Nexus Venture Partners. The funds will be used to accelerate platform expansion and expand the engineering, product, and marketing teams.Daloopa provides structured and traceable financial data for financial institutions. It has currently expanded data access through MCP connectors with OpenAI ChatGPT, Anthropic Claude, Perplexity, and Rogo, and offers APIs, cloud delivery, and partner APIs, enabling third-party developers to use its high-quality financial data in their own products. (PRNewswire)
YZi Labs leads FinTax's seed round, establishing long-term ecosystem collaboration
: FinTax, a provider of cryptocurrency financial and tax solutions and their AI infrastructure, has announced the completion of its seed round of financing, led by YZi Labs (through EASY Residency S4), with participation from Amber, Hash House, Pundi AI, Waverider International, and Nexus Holdings, at a post-investment valuation of $40 million. Previous round investors include Victory Courage, BGIN, Tools Factory, and individual investor Fan Chao.In recent years, YZi Labs has been consistently expanding its presence in stablecoins, RWA, payments, and institutional-grade digital asset infrastructure. Leveraging FinTax's expertise in on-chain data processing, crypto accounting, cross-jurisdictional tax practices, and crypto asset financial auditing, both parties will explore long-term ecosystem collaboration centered on institutional-grade financial and tax infrastructure, compliance standards, and emerging scenarios such as stablecoins, RWA, and payments.Following the completion of this financing round, FinTax will accelerate the scaling of its five major product lines, expand its business from Asia-Pacific and North America into European and Middle Eastern markets, and deepen the application of AI in complex financial and tax scenarios. FinTax will continue to drive dual iteration of blockchain and legal systems across dozens of jurisdictions, connecting on-chain economic activities with the real-world financial and tax framework.
ether.fi selects Nexus Mutual to provide slashing coverage for up to 15,000 ETH
: On-chain digital asset management neobank ether.fi has selected Nexus Mutual to provide ETH slashing coverage, covering slashing penalties for its validators up to 15,000 ETH. ether.fi stated that it operates a large-scale validator set on Ethereum, and slashing is a tail risk. This coverage is used to cover validator losses, with a scale exceeding the total historical ETH slashing losses. ether.fi currently manages over $6 billion in assets across products such as Cash, Stake, and Liquid. Since 2019, Nexus Mutual has provided over $7 billion in coverage for smart contract attacks, slashing, and other digital asset risks. (Decrypt)
About $685,000 in funds stolen, DotSwap V1 attacked
according to On Nexus monitoring, on October 25, the legacy DotSwap trading platform DotSwap V1 was attacked. The attacker exploited a server-side signature mechanism left over from V1 and, within about 4 hours, stole about 8.5 BTC from V1 liquidity pools and accounts, involving approximately $685,000 in funds. V1 used custodial multisignature management for liquidity pools, and the losses involved BTC deposited by liquidity providers into V1 pools, with all V1 deposits affected; wallets self-custodied by trading users were not affected. The attack was launched through automated scripts, and the attacker probed all interfaces and gradually carried out fund theft against 99 Runes tokens. On Nexus believes that this incident is consistent with the recent trend of AI agent-driven attacks. Currently, DotSwap V1 has been taken offline. The team is tracing the stolen funds and collaborating with exchanges and on-chain analysis partners, and will later publish a full incident retrospective and user remediation plan. The team also stated that it is working to restore Nexus-related services.
FG Nexus Liquidates ETH, Losing Over $86.6 Million
According to monitoring by on-chain analyst Onchain Lens (@OnchainLens), FG Nexus has deposited the remaining 9,481 ETH (approximately $14.89 million) into Galaxy Digital, completing the liquidation of all ETH. The institution previously purchased a total of 51,156 ETH at a cost of approximately $196 million, with final cumulative proceeds from sales totaling only approximately $109.4 million, resulting in a total loss of approximately $86.6 million.
Ethereum treasury firm FG Nexus deposited 5,000 ETH with Galaxy Digital, valued at $10.06 million.
According to on-chain analyst Onchain Lens (@OnchainLens), Ethereum treasury company FG Nexus has deposited 5,000 ETH into Galaxy Digital, valued at approximately $10.06 million. Data shows that after completing this transfer, FG Nexus still holds 16,354 ETH, valued at approximately $34.15 million.
NEX to Launch on Bitget PoolX—Stake BTC to Unlock NEX Airdrop
Bitget PoolX will soon launch the Nexus (NEX) project. Users can lock BTC to unlock 60,000,000,000 NEX tokens, with a maximum individual staking limit of 50 BTC. The staking channel will be open from May 25 at 19:00 to June 3 at 19:00 (UTC+8). Additionally, users whose net deposit is positive during the campaign period will receive a 2% BTC yield-boosting coupon upon campaign completion. First-time PoolX participants who meet the net deposit requirement will receive a 10% BTC yield-boosting coupon. Net deposits will be calculated from May 25 at 19:00 to June 2 at 19:00 (UTC+8). For more details, please refer to the official Bitget platform.
Coinbase to List Nexus (NEX)
According to an official announcement, Coinbase will list Nexus (NEX) spot trading. NEX deposits will only be available after the Nexus issuer enables transfer functionality.
Coinbase will list Nexus (NEX)
Coinbase has announced it will list Nexus (NEX) for spot trading. The NEX deposit function will be available once the Nexus issuer enables transfer capabilities.
About $685,000 in funds stolen, DotSwap V1 attacked
according to On Nexus monitoring, on October 25, the legacy DotSwap trading platform DotSwap V1 was attacked. The attacker exploited a server-side signature mechanism left over from V1 and, within about 4 hours, stole about 8.5 BTC from V1 liquidity pools and accounts, involving approximately $685,000 in funds. V1 used custodial multisignature management for liquidity pools, and the losses involved BTC deposited by liquidity providers into V1 pools, with all V1 deposits affected; wallets self-custodied by trading users were not affected. The attack was launched through automated scripts, and the attacker probed all interfaces and gradually carried out fund theft against 99 Runes tokens. On Nexus believes that this incident is consistent with the recent trend of AI agent-driven attacks. Currently, DotSwap V1 has been taken offline. The team is tracing the stolen funds and collaborating with exchanges and on-chain analysis partners, and will later publish a full incident retrospective and user remediation plan. The team also stated that it is working to restore Nexus-related services.
ether.fi selects Nexus Mutual to provide slashing coverage for up to 15,000 ETH
: On-chain digital asset management neobank ether.fi has selected Nexus Mutual to provide ETH slashing coverage, covering slashing penalties for its validators up to 15,000 ETH. ether.fi stated that it operates a large-scale validator set on Ethereum, and slashing is a tail risk. This coverage is used to cover validator losses, with a scale exceeding the total historical ETH slashing losses. ether.fi currently manages over $6 billion in assets across products such as Cash, Stake, and Liquid. Since 2019, Nexus Mutual has provided over $7 billion in coverage for smart contract attacks, slashing, and other digital asset risks. (Decrypt)
Orochi Network Completes $8 Million Funding Round with Participation from Plutus VC and Others
Odaily reports: Orochi Network announced an additional $8 million in funding, bringing its cumulative fundraising to $20 million. The funds will be used to build verifiable data infrastructure for real-world asset (RWA) tokenization. This round received support from MEXC Ventures, Plutus VC, Bolts Capital, Ant Labs, and previous investors, and the project also received a grant from the Ethereum Foundation.Orochi Network stated that its verifiable database zkDatabase has launched on mainnet, having processed over 700 million proofs cumulatively with more than 10,000 downloads. It has established partnerships with projects such as Plume, Lumia, Nexus, and OG, and its alliance has over 120 enterprise partners. The network aims to use cryptographic technologies such as zero-knowledge proofs to verify the authenticity and integrity of asset data, providing data verification and audit infrastructure for applications including RWA, stablecoins, and AI.
LONGX Launches Actively Managed Basket Product, First AI Nexus Goes Long AI Leaders and Shorts QQQ as Hedge
Odaily News: LONG, an RWA liquidity and token issuance platform on Robinhood Chain, announced that its protocol extension layer LONGX has launched an actively managed basket product that packages multiple long/short leveraged positions into a one-click tradable spot ERC20 token, with the community holding economic rights and participating in management.The first basket, AI Nexus, has gone live on LONG. Its strategy includes going long on AI-related assets such as NVDA, AI, and OPENAI, while hedging tech sector risk by shorting QQQ. According to the accompanying graphic, long leverage is approximately 1x to 3x, and short leverage is 2x, powered by Lighter. Additionally, LONGX plans to launch a community management model next week, where AI holders will decide the composition of basket assets.
Oracle Expands Digital Asset Data Platform, Plans to Launch Payment Execution and Other Features in Fiscal Year 2027
Oracle has announced the expansion of its Digital Assets Data Nexus platform, adding payment execution integration, configurable wallet and smart contract controls, as well as AI-driven transaction monitoring and risk analysis features.The upgrade supports connecting banks' existing payment systems with digital asset transaction execution through the ISO 20022 messaging standard, and plans to integrate Oracle Banking Payments and Swift Ledger, covering scenarios such as tokenized deposits, stablecoins, CBDCs, digital bonds, and real-world assets. The related features are planned for launch in fiscal year 2027.
Anthropic-Affiliated AI Data Center Nexus Data Secures $1.3 Billion in Private Credit Support
According to Bloomberg, private credit firm Eagle Point Credit Management LLC is providing a loan of approximately $1.3 billion for a large AI data center in Texas, USA, associated with Anthropic, marking another mega-deal in the boom of AI infrastructure financing.
Cisco Launches Next-Generation Data Center Architecture Nexus One, Rebuilding Network Infrastructure for AI
Cisco announced the launch of its data center network architecture, Cisco Nexus One, positioned as an open network architecture designed for AI workloads and next-generation security threats, aimed at upgrading its long-evolving ACI system.Cisco stated that Nexus One will integrate into the unified Cisco Cloud Control platform, designed to enhance architectural flexibility, openness, and scalability while maintaining backward compatibility with existing systems. However, Nexus One is not a single product but an "architectural evolution" similar to ACI, shifting the focus from early-stage innovation to standardization and cross-ecosystem interoperability, in order to meet the complex network demands of the AI/ML era.
NEX to Launch on Bitget PoolX—Stake BTC to Unlock NEX Airdrop
Bitget PoolX will soon launch the Nexus (NEX) project. Users can lock BTC to unlock 60,000,000,000 NEX tokens, with a maximum individual staking limit of 50 BTC. The staking channel will be open from May 25 at 19:00 to June 3 at 19:00 (UTC+8). Additionally, users whose net deposit is positive during the campaign period will receive a 2% BTC yield-boosting coupon upon campaign completion. First-time PoolX participants who meet the net deposit requirement will receive a 10% BTC yield-boosting coupon. Net deposits will be calculated from May 25 at 19:00 to June 2 at 19:00 (UTC+8). For more details, please refer to the official Bitget platform.
Related news
About $685,000 in funds stolen, DotSwap V1 attacked
according to On Nexus monitoring, on October 25, the legacy DotSwap trading platform DotSwap V1 was attacked. The attacker exploited a server-side signature mechanism left over from V1 and, within about 4 hours, stole about 8.5 BTC from V1 liquidity pools and accounts, involving approximately $685,000 in funds. V1 used custodial multisignature management for liquidity pools, and the losses involved BTC deposited by liquidity providers into V1 pools, with all V1 deposits affected; wallets self-custodied by trading users were not affected. The attack was launched through automated scripts, and the attacker probed all interfaces and gradually carried out fund theft against 99 Runes tokens. On Nexus believes that this incident is consistent with the recent trend of AI agent-driven attacks. Currently, DotSwap V1 has been taken offline. The team is tracing the stolen funds and collaborating with exchanges and on-chain analysis partners, and will later publish a full incident retrospective and user remediation plan. The team also stated that it is working to restore Nexus-related services.
Orochi Network Completes $8 Million Funding Round with Participation from Plutus VC and Others
Odaily reports: Orochi Network announced an additional $8 million in funding, bringing its cumulative fundraising to $20 million. The funds will be used to build verifiable data infrastructure for real-world asset (RWA) tokenization. This round received support from MEXC Ventures, Plutus VC, Bolts Capital, Ant Labs, and previous investors, and the project also received a grant from the Ethereum Foundation.Orochi Network stated that its verifiable database zkDatabase has launched on mainnet, having processed over 700 million proofs cumulatively with more than 10,000 downloads. It has established partnerships with projects such as Plume, Lumia, Nexus, and OG, and its alliance has over 120 enterprise partners. The network aims to use cryptographic technologies such as zero-knowledge proofs to verify the authenticity and integrity of asset data, providing data verification and audit infrastructure for applications including RWA, stablecoins, and AI.
LONGX Launches Actively Managed Basket Product, First AI Nexus Goes Long AI Leaders and Shorts QQQ as Hedge
Odaily News: LONG, an RWA liquidity and token issuance platform on Robinhood Chain, announced that its protocol extension layer LONGX has launched an actively managed basket product that packages multiple long/short leveraged positions into a one-click tradable spot ERC20 token, with the community holding economic rights and participating in management.The first basket, AI Nexus, has gone live on LONG. Its strategy includes going long on AI-related assets such as NVDA, AI, and OPENAI, while hedging tech sector risk by shorting QQQ. According to the accompanying graphic, long leverage is approximately 1x to 3x, and short leverage is 2x, powered by Lighter. Additionally, LONGX plans to launch a community management model next week, where AI holders will decide the composition of basket assets.
Oracle Expands Digital Asset Data Platform, Plans to Launch Payment Execution and Other Features in Fiscal Year 2027
Oracle has announced the expansion of its Digital Assets Data Nexus platform, adding payment execution integration, configurable wallet and smart contract controls, as well as AI-driven transaction monitoring and risk analysis features.The upgrade supports connecting banks' existing payment systems with digital asset transaction execution through the ISO 20022 messaging standard, and plans to integrate Oracle Banking Payments and Swift Ledger, covering scenarios such as tokenized deposits, stablecoins, CBDCs, digital bonds, and real-world assets. The related features are planned for launch in fiscal year 2027.
YZi Labs leads FinTax's seed round, establishing long-term ecosystem collaboration
: FinTax, a provider of cryptocurrency financial and tax solutions and their AI infrastructure, has announced the completion of its seed round of financing, led by YZi Labs (through EASY Residency S4), with participation from Amber, Hash House, Pundi AI, Waverider International, and Nexus Holdings, at a post-investment valuation of $40 million. Previous round investors include Victory Courage, BGIN, Tools Factory, and individual investor Fan Chao.In recent years, YZi Labs has been consistently expanding its presence in stablecoins, RWA, payments, and institutional-grade digital asset infrastructure. Leveraging FinTax's expertise in on-chain data processing, crypto accounting, cross-jurisdictional tax practices, and crypto asset financial auditing, both parties will explore long-term ecosystem collaboration centered on institutional-grade financial and tax infrastructure, compliance standards, and emerging scenarios such as stablecoins, RWA, and payments.Following the completion of this financing round, FinTax will accelerate the scaling of its five major product lines, expand its business from Asia-Pacific and North America into European and Middle Eastern markets, and deepen the application of AI in complex financial and tax scenarios. FinTax will continue to drive dual iteration of blockchain and legal systems across dozens of jurisdictions, connecting on-chain economic activities with the real-world financial and tax framework.
Anthropic-Affiliated AI Data Center Nexus Data Secures $1.3 Billion in Private Credit Support
According to Bloomberg, private credit firm Eagle Point Credit Management LLC is providing a loan of approximately $1.3 billion for a large AI data center in Texas, USA, associated with Anthropic, marking another mega-deal in the boom of AI infrastructure financing.