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Project Overview
Republic is a decentralized blockchain platform designed to securely coordinate a network of compute providers—called validators—who supply verifiable computational resources to power next-generation decentralized applications. Unlike traditional blockchains that rely solely on transaction validation, Republic elevates compute to a first-class network asset, enabling the permissionless exchange and validation of high-performance compute power.
KOR completes $7.5 million Series A funding at a post-money valuation of $100 million
Odaily Reports, qinbafrank posted on the X platform stating that KorProtocol announced the completion of a $7.5 million Series A funding round, co-led by 1kx and Blockchain Capital, at a post-money valuation of $100 million. Other participants include Republic, Animoca, Solana, Avalanche, and others. Through its three core engines — Verify, Route, and Settle — KOR transforms creative assets into on-chain assets that are verifiable, matchable, and automatically settled. The Verify engine allows creators to register their works on-chain, recording provenance, ownership, and licensing terms. The Route engine uses data and AI to match creators, assets, labels, brands, platforms, and agencies. The Settle engine enables instant automatic revenue sharing via smart contracts and USDC on the Base chain, supporting complex split rules and recurring income. KOR currently has over 1 million registered users, more than $2 million in revenue, over 285,000 NFTs, and over 1,000 IP partners, and has collaborated with deadmau5 and "Black Mirror." Following the funding, KOR will continue to expand its IP supply, deepen partnerships, and advance network expansion.
KOR Protocol Completes $7.5 Million Series A Financing, Valuation $100 Million
According to The Block, entertainment sector on-chain clearinghouse KOR Protocol announced the completion of a $7.5 million Series A funding round at a $100 million valuation. Investors include 1kx, Blockchain Capital, as well as previous investors such as Republic Crypto, Sfermion, Alumni Ventures, and SevenX.
Tokenized sovereign debt platform M1X completes $5.5 million seed funding round, led by Paradigm
tokenized sovereign debt startup M1X Global has completed a $5.5 million seed funding round, led by Paradigm, with participation from Breed VC and others.It is understood that M1X Global previously collaborated with the Republic of the Marshall Islands to assist in the issuance of the on-chain sovereign debt instrument USDM1. This product is a dollar-denominated tokenized sovereign debt instrument, 1:1 backed by U.S. Treasury bonds, and natively issued on a public blockchain by a sovereign nation. USDM1 was initially issued on Stellar and is now also available on Canton and Solana.Jordan Goldman, President and COO of M1X, stated that sovereign debt is one of the largest asset classes globally, but prior to USDM1, it did not exist in a native on-chain form. The company aims to establish USDM1 as on-chain sovereign collateral and expand its use within regulated financial markets.The initial application scenario for USDM1 is domestic government aid distribution. Citizens of the Marshall Islands can receive funds via the Lomalo wallet, with payments settling in seconds, bypassing the need for traditional correspondent banking networks. M1X also indicated that its recent integration with Bank of Guam, a U.S. FDIC-insured bank, further connects USDM1 to regulated banking infrastructure. (The Block)
Hamilton Lane's Equity Strategy Fund Completes $3.8 Billion Fundraise
global private market investment management giant Hamilton Lane has announced that its direct equity strategy fund, Hamilton Lane Equity Opportunities Fund VI (EO VI), has completed a $3.8 billion fundraise. This amount exceeds the $2.1 billion raised for the previous fund. Participating investors include a diverse range of institutions such as public pensions, sovereign wealth funds, union pensions, endowments, foundations, and family offices. The fund will provide investors with diversified investment exposure.Hamilton Lane already has a presence in the crypto space. In March of this year, it made a strategic investment in the on-chain investment platform Republic. Additionally, its senior credit opportunity securitization fund, HLSCOPE, has approximately $9 million in total asset value on the Polygon network, primarily investing in senior secured private credit and senior secured loans in North America and Europe. (Bloomberg)
Hamilton Lane's First RMB Fund Plans to Raise $220 Million
According to Bloomberg, private market investment management giant Hamilton Lane is preparing its first RMB-denominated fund, targeting to raise approximately 1 billion to 1.5 billion RMB (approximately $150 million to $220 million), with plans to complete by the end of this year; insiders revealed that the fund will raise capital from investors within China. Hamilton Lane previously raised USD funds through the Qualified Foreign Limited Partnership (QFLP) mechanism and converted them into RMB capital to invest in assets within China; its direct equity strategy fund Hamilton Lane Equity Opportunities Fund VI (EO VI) has completed fundraising of $3.8 billion. Hamilton Lane has already established a presence in the crypto sector, strategically investing in the on-chain investment platform Republic this March; its tokenized credit fund is already custodied on-chain, and the Senior Credit Opportunities Securitization Fund HLSCOPE has a total asset value of approximately $9 million on the Polygon network, primarily investing in senior secured private credit and senior secured loans in North America and Europe.
Bitget U.S. IPO Prime Phase II: OpenAI’s IPO Subscription Opens on May 12
According to the official announcement, the second asset launched on Bitget IPO Prime is preOPAI—a digital token issued by the regulated issuer Republic on the Solana blockchain, designed to mirror OpenAI’s post-IPO economic performance on a 1:1 basis. As the world’s leading consumer AI provider, OpenAI reports approximately 900 million weekly active users, according to official data. Its most recent funding round raised $122 billion, with participants including Microsoft, NVIDIA, Amazon, and SoftBank. Bitget IPO Prime operates on a subscription model, whereby users receive subscription quotas based on their account tier. Upon completion of token allocation, users may trade the tokens on the upcoming spot market. Alternatively, after the lock-up period for preOPAI’s underlying debt assets expires, the issuer will authorize Bitget to convert users’ holdings into either stock tokens or USDT, referencing the underlying company’s (OpenAI’s) publicly traded stock price. IPO Prime Details: • OpenAI Implied Valuation: $898.21 billion • Total IPO Prime Subscriptions: 29,082 • Total Subscription Value: $21,084,450 • Subscription Price: 1 preOPAI = $725 • Accepted Subscription Currencies: USDT or USDGO • Total Subscription Pool Cap: $300,000,000
US ITC Issues Section 337 Final Determination on Foreign-Made Semiconductor Devices and Their Downstream Products and Components
According to Sina Finance, the US International Trade Commission (ITC) voted to initiate a 337 investigation (Investigation No. 337-TA-1511) against Certain Dynamic Random Access Memory (DRAM) Devices, Products Containing the Same, and Components Thereof (II). It is alleged that the products exported to the US, imported into the US, and sold in the US violate Section 337 of the US Tariff Act (infringing US Registered Patent Nos. 12,646,537, 12,650,937), requesting the US ITC to issue a limited exclusion order and a cease and desist order. South Korea Samsung Electronics Co., Ltd., Suwon, Republic of Korea, US Samsung Electronics America, Inc., Plano, Texas, US Samsung Semiconductor, Inc., Plano, Texas, US Google LLC, Mountain View, California, US Super Mi
Czech Republic Lists Polymarket as Unauthorized Internet Gaming Platform, Orders ISPs to Block Access Within 15 Days
on July 13, the Czech Ministry of Finance added Polymarket to its list of unauthorized internet gaming platforms, identifying it as an unlicensed gambling platform. Internet service providers are required to block access to the platform within 15 days. The Czech Institute for Gambling Regulation stated that Polymarket settles payments using the USDC stablecoin and operates as a decentralized exchange, without providing services through licensed local operators. The institute noted that several EU countries have recently restricted or blocked Polymarket; Italy has reinstated it on the blocklist, while the Netherlands has dismissed the platform's appeal. Separately, this month, the EU market regulator ESMA warned that event contracts meeting the definition of financial instruments are already prohibited from being sold to retail investors under existing binary options rules. Gibraltar has introduced a dedicated regulatory framework for prediction markets this week, while Malta has indicated it is exploring a similar regime. (Bitcoin.com News).
Kazakhstan President Signs Decree to Promote Development of Digital Asset Industry
According to the official website of the Ministry of Artificial Intelligence and Digital Development of Kazakhstan, the President of Kazakhstan signed the Decree "On Measures to Stimulate and Develop the Digital Asset Industry in the Republic of Kazakhstan" on July 8, 2026, aiming to build a modern, transparent digital financial services ecosystem. The core content of the decree covers four main directions: first, promoting the modernization of payment infrastructure and developing mechanisms to support digital assets and stablecoins for cross-border settlement; second, encouraging crypto asset trading to be incorporated into a regulated legal framework, allowing digital assets previously held on unregulated platforms abroad to be voluntarily disclosed and transferred to domestic licensed service providers; third, introducing tax incentive policies, whereby income from digital asset transactions conducted through Kazakhstan's regulated infrastructure will be exempt from personal income tax; fourth, allowing associated gas from oil and gas fields to be used for independent power generation and allocated to digital mining to promote regional investment and efficient energy utilization. In addition, the decree also clarifies the development direction of tokenized financial instruments and national trading infrastructure.
Tokenized sovereign debt platform M1X completes $5.5 million seed funding round, led by Paradigm
tokenized sovereign debt startup M1X Global has completed a $5.5 million seed funding round, led by Paradigm, with participation from Breed VC and others.It is understood that M1X Global previously collaborated with the Republic of the Marshall Islands to assist in the issuance of the on-chain sovereign debt instrument USDM1. This product is a dollar-denominated tokenized sovereign debt instrument, 1:1 backed by U.S. Treasury bonds, and natively issued on a public blockchain by a sovereign nation. USDM1 was initially issued on Stellar and is now also available on Canton and Solana.Jordan Goldman, President and COO of M1X, stated that sovereign debt is one of the largest asset classes globally, but prior to USDM1, it did not exist in a native on-chain form. The company aims to establish USDM1 as on-chain sovereign collateral and expand its use within regulated financial markets.The initial application scenario for USDM1 is domestic government aid distribution. Citizens of the Marshall Islands can receive funds via the Lomalo wallet, with payments settling in seconds, bypassing the need for traditional correspondent banking networks. M1X also indicated that its recent integration with Bank of Guam, a U.S. FDIC-insured bank, further connects USDM1 to regulated banking infrastructure. (The Block)
Mining of cryptocurrencies to be restricted in Moscow and other regions; Russia's Ministry of Energy proposes a ban starting in 2026
The Russian Ministry of Energy has drafted a government resolution proposing a ban on cryptocurrency mining in Moscow, the Moscow region, and parts of the Kursk region from July 1, 2026 to December 31, 2032. According to the document, the ban covers multiple municipal districts and towns in the Kursk region. Previously, the Russian government had decided to implement long-term mining bans starting in 2025 in various parts of the North Caucasus, the Donetsk and Luhansk regions, the Zaporozhye and Kherson regions, and upgraded seasonal power restrictions in the Republic of Buryatia and the Trans-Baikal Territory to long-term restrictions. (TASS)
The draft amendment to the People's Bank of China Law proposes to clarify the legal status of digital RMB
Odaily Planet Daily reported that the "People's Republic of China People's Bank of China Law (Revised Draft)" was submitted for the first deliberation at the 23rd session of the Standing Committee of the 14th National People's Congress on June 23, 2026. For the first time, "clarifying the legal status of digital RMB" has been written into the revised draft.The report states that a 2020 draft for public comment merely proposed that "RMB includes both physical and digital forms." This revision further elevates the legal positioning of digital RMB.Additionally, the 2020 draft for public comment also stipulated that no unit or individual may produce or issue token vouchers or digital tokens to circulate in place of RMB. For related violations, the People's Bank of China has the authority to order a halt, destroy illegally produced or issued token vouchers and digital tokens, confiscate illegal gains, and impose a fine of up to five times the illegal amount. (Caixin)
A whale withdrew 3,556 BTC worth $222.94 million from Trade Republic
according to Onchain Lens monitoring, a whale withdrew 3,556 BTC worth $222.94 million from Trade Republic in two identical transactions. Both receiving wallets received small test transactions five days ago and may be related.
Visa 与 Onafriq 在刚果（金）测试稳定币跨境支付方案
According to The EastAfrican, Visa is conducting a pilot with mobile money platform and cross-border payment company Onafriq in the Democratic Republic of the Congo, exploring settling mobile money top-ups via stablecoins to reduce friction in multi-currency cross-border transactions. Visa stated that stablecoins are expected to address cost and efficiency issues in African cross-border payments, remittances, and B2B payments.
Visa, M-Pesa, and Onafriq Launch Stablecoin Cross-Border Remittance Pilot in the Democratic Republic of the Congo
: Visa, M-Pesa, and Onafriq have launched a pilot project in the Democratic Republic of the Congo to settle cross-border mobile transactions using a stablecoin pegged to the US dollar. The pilot targets scenarios such as cross-border mobile wallet top-ups, international commercial transactions, and remittances. The World Bank estimates that the average cost of cross-border remittances in Sub-Saharan Africa is close to 8% of the transfer amount. Visa has previously partnered with African cryptocurrency exchange Yellow Card to explore stablecoin treasury management and international settlement services. (Bitcoin.com News).
Bitget’s Phase 2 IPO Prime will be announced tonight at 18:00; on-chain data points to OpenAI
According to crypto analyst Murphy, Bitget’s Phase 2 IPO Prime will be announced tonight at 18:00. On-chain data shows that preOPAI was minted on Solana by Republic on May 7, with the first batch of 29,082 tokens deposited into the project’s custodial account. The top-level instruction is `Mint_securities`, and the program invoked is `4X79YR...zMJwr3` (Republic’s access token issuance program). Only the final distribution step remains before its official launch on Bitget IPO Prime.
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.
US ITC Issues Section 337 Final Determination on Foreign-Made Semiconductor Devices and Their Downstream Products and Components
According to Sina Finance, the US International Trade Commission (ITC) voted to initiate a 337 investigation (Investigation No. 337-TA-1511) against Certain Dynamic Random Access Memory (DRAM) Devices, Products Containing the Same, and Components Thereof (II). It is alleged that the products exported to the US, imported into the US, and sold in the US violate Section 337 of the US Tariff Act (infringing US Registered Patent Nos. 12,646,537, 12,650,937), requesting the US ITC to issue a limited exclusion order and a cease and desist order. South Korea Samsung Electronics Co., Ltd., Suwon, Republic of Korea, US Samsung Electronics America, Inc., Plano, Texas, US Samsung Semiconductor, Inc., Plano, Texas, US Google LLC, Mountain View, California, US Super Mi
KOR completes $7.5 million Series A funding at a post-money valuation of $100 million
Odaily Reports, qinbafrank posted on the X platform stating that KorProtocol announced the completion of a $7.5 million Series A funding round, co-led by 1kx and Blockchain Capital, at a post-money valuation of $100 million. Other participants include Republic, Animoca, Solana, Avalanche, and others. Through its three core engines — Verify, Route, and Settle — KOR transforms creative assets into on-chain assets that are verifiable, matchable, and automatically settled. The Verify engine allows creators to register their works on-chain, recording provenance, ownership, and licensing terms. The Route engine uses data and AI to match creators, assets, labels, brands, platforms, and agencies. The Settle engine enables instant automatic revenue sharing via smart contracts and USDC on the Base chain, supporting complex split rules and recurring income. KOR currently has over 1 million registered users, more than $2 million in revenue, over 285,000 NFTs, and over 1,000 IP partners, and has collaborated with deadmau5 and "Black Mirror." Following the funding, KOR will continue to expand its IP supply, deepen partnerships, and advance network expansion.
Kazakhstan President Signs Decree to Promote Development of Digital Asset Industry
According to the official website of the Ministry of Artificial Intelligence and Digital Development of Kazakhstan, the President of Kazakhstan signed the Decree "On Measures to Stimulate and Develop the Digital Asset Industry in the Republic of Kazakhstan" on July 8, 2026, aiming to build a modern, transparent digital financial services ecosystem. The core content of the decree covers four main directions: first, promoting the modernization of payment infrastructure and developing mechanisms to support digital assets and stablecoins for cross-border settlement; second, encouraging crypto asset trading to be incorporated into a regulated legal framework, allowing digital assets previously held on unregulated platforms abroad to be voluntarily disclosed and transferred to domestic licensed service providers; third, introducing tax incentive policies, whereby income from digital asset transactions conducted through Kazakhstan's regulated infrastructure will be exempt from personal income tax; fourth, allowing associated gas from oil and gas fields to be used for independent power generation and allocated to digital mining to promote regional investment and efficient energy utilization. In addition, the decree also clarifies the development direction of tokenized financial instruments and national trading infrastructure.
Tokenized sovereign debt platform M1X completes $5.5 million seed funding round, led by Paradigm
tokenized sovereign debt startup M1X Global has completed a $5.5 million seed funding round, led by Paradigm, with participation from Breed VC and others.It is understood that M1X Global previously collaborated with the Republic of the Marshall Islands to assist in the issuance of the on-chain sovereign debt instrument USDM1. This product is a dollar-denominated tokenized sovereign debt instrument, 1:1 backed by U.S. Treasury bonds, and natively issued on a public blockchain by a sovereign nation. USDM1 was initially issued on Stellar and is now also available on Canton and Solana.Jordan Goldman, President and COO of M1X, stated that sovereign debt is one of the largest asset classes globally, but prior to USDM1, it did not exist in a native on-chain form. The company aims to establish USDM1 as on-chain sovereign collateral and expand its use within regulated financial markets.The initial application scenario for USDM1 is domestic government aid distribution. Citizens of the Marshall Islands can receive funds via the Lomalo wallet, with payments settling in seconds, bypassing the need for traditional correspondent banking networks. M1X also indicated that its recent integration with Bank of Guam, a U.S. FDIC-insured bank, further connects USDM1 to regulated banking infrastructure. (The Block)
Mining of cryptocurrencies to be restricted in Moscow and other regions; Russia's Ministry of Energy proposes a ban starting in 2026
The Russian Ministry of Energy has drafted a government resolution proposing a ban on cryptocurrency mining in Moscow, the Moscow region, and parts of the Kursk region from July 1, 2026 to December 31, 2032. According to the document, the ban covers multiple municipal districts and towns in the Kursk region. Previously, the Russian government had decided to implement long-term mining bans starting in 2025 in various parts of the North Caucasus, the Donetsk and Luhansk regions, the Zaporozhye and Kherson regions, and upgraded seasonal power restrictions in the Republic of Buryatia and the Trans-Baikal Territory to long-term restrictions. (TASS)
Related news
Trump Warns Iran: For Every Ship Attacked in the Strait, the US Will Destroy a Bridge or Power Plant
US President Trump: From now on, any time the Islamic Republic of Iran fires at ships in the Strait of Hormuz, whether through missiles, rockets, drones, or any other equipment or weapons, the United States will bomb and destroy a bridge or a power plant, including facilities located near or inside the capital, Tehran.
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.
US ITC Issues Section 337 Final Determination on Foreign-Made Semiconductor Devices and Their Downstream Products and Components
According to Sina Finance, the US International Trade Commission (ITC) voted to initiate a 337 investigation (Investigation No. 337-TA-1511) against Certain Dynamic Random Access Memory (DRAM) Devices, Products Containing the Same, and Components Thereof (II). It is alleged that the products exported to the US, imported into the US, and sold in the US violate Section 337 of the US Tariff Act (infringing US Registered Patent Nos. 12,646,537, 12,650,937), requesting the US ITC to issue a limited exclusion order and a cease and desist order. South Korea Samsung Electronics Co., Ltd., Suwon, Republic of Korea, US Samsung Electronics America, Inc., Plano, Texas, US Samsung Semiconductor, Inc., Plano, Texas, US Google LLC, Mountain View, California, US Super Mi
Czech Republic Lists Polymarket as Unauthorized Internet Gaming Platform, Orders ISPs to Block Access Within 15 Days
on July 13, the Czech Ministry of Finance added Polymarket to its list of unauthorized internet gaming platforms, identifying it as an unlicensed gambling platform. Internet service providers are required to block access to the platform within 15 days. The Czech Institute for Gambling Regulation stated that Polymarket settles payments using the USDC stablecoin and operates as a decentralized exchange, without providing services through licensed local operators. The institute noted that several EU countries have recently restricted or blocked Polymarket; Italy has reinstated it on the blocklist, while the Netherlands has dismissed the platform's appeal. Separately, this month, the EU market regulator ESMA warned that event contracts meeting the definition of financial instruments are already prohibited from being sold to retail investors under existing binary options rules. Gibraltar has introduced a dedicated regulatory framework for prediction markets this week, while Malta has indicated it is exploring a similar regime. (Bitcoin.com News).
KOR completes $7.5 million Series A funding at a post-money valuation of $100 million
Odaily Reports, qinbafrank posted on the X platform stating that KorProtocol announced the completion of a $7.5 million Series A funding round, co-led by 1kx and Blockchain Capital, at a post-money valuation of $100 million. Other participants include Republic, Animoca, Solana, Avalanche, and others. Through its three core engines — Verify, Route, and Settle — KOR transforms creative assets into on-chain assets that are verifiable, matchable, and automatically settled. The Verify engine allows creators to register their works on-chain, recording provenance, ownership, and licensing terms. The Route engine uses data and AI to match creators, assets, labels, brands, platforms, and agencies. The Settle engine enables instant automatic revenue sharing via smart contracts and USDC on the Base chain, supporting complex split rules and recurring income. KOR currently has over 1 million registered users, more than $2 million in revenue, over 285,000 NFTs, and over 1,000 IP partners, and has collaborated with deadmau5 and "Black Mirror." Following the funding, KOR will continue to expand its IP supply, deepen partnerships, and advance network expansion.
Kazakhstan President Signs Decree to Promote Development of Digital Asset Industry
According to the official website of the Ministry of Artificial Intelligence and Digital Development of Kazakhstan, the President of Kazakhstan signed the Decree "On Measures to Stimulate and Develop the Digital Asset Industry in the Republic of Kazakhstan" on July 8, 2026, aiming to build a modern, transparent digital financial services ecosystem. The core content of the decree covers four main directions: first, promoting the modernization of payment infrastructure and developing mechanisms to support digital assets and stablecoins for cross-border settlement; second, encouraging crypto asset trading to be incorporated into a regulated legal framework, allowing digital assets previously held on unregulated platforms abroad to be voluntarily disclosed and transferred to domestic licensed service providers; third, introducing tax incentive policies, whereby income from digital asset transactions conducted through Kazakhstan's regulated infrastructure will be exempt from personal income tax; fourth, allowing associated gas from oil and gas fields to be used for independent power generation and allocated to digital mining to promote regional investment and efficient energy utilization. In addition, the decree also clarifies the development direction of tokenized financial instruments and national trading infrastructure.