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Project Overview
Venice is a privacy-focused artificial intelligence platform offers services such as generative conversation and image creation, but it does not hold user data. The platform uses blockchain for permissionless payment, as well as web3 infrastructure for local browser storage and end-to-end encryption.
Rockawayx Acquires Relayer Capital, Adding Long/Short Strategy with ~70% Returns Since 2026
Odaily News: Digital asset investment platform Rockawayx has acquired digital asset hedge fund Relayer Capital, incorporating its directional long/short strategy into its approximately $2 billion investment platform. Relayer Capital founder Austin Barack will continue to oversee the strategy and assume the role of Chief Investment Officer of the newly renamed Rockawayx Liquid Opportunities Fund.Rockawayx CEO Viktor Fischer stated that the fund will invest in highly liquid crypto tokens and digital asset-related equities, with a focus on identifying assets that are mispriced relative to their business fundamentals, market position, or growth prospects. The fund is currently open to new external investors.Rockawayx disclosed that the strategy's estimated net return from the start of 2026 through August 21 stands at approximately 70%, outperforming a weighted portfolio of Bitcoin, Ethereum, and Solana by 86 percentage points. Major contributing positions include Venice AI, Hyperliquid, Grass Network, Pump.fun, and Zcash, with investment themes centered on AI and tokenized real-world asset markets.The acquisition adds a directional liquid strategy to Rockawayx's venture capital and market-neutral businesses. Rockawayx also operates infrastructure and onchain liquidity divisions, noting that these capabilities support its team in identifying blockchain market opportunities across stages—from early-stage funding and token issuance to public market trading. (Bitcoin.com News)
Venice AI Completes $65 Million Funding Round at $1 Billion Valuation
Venice AI founder Erik Voorhees announced on Wednesday that the company has completed its first external funding round, raising $65 million at a $1 billion valuation. The round was led by Dragonfly, with participation from North Island Ventures, Coinbase Ventures, Archetype, Liquid2 Ventures, and Morgan Creek. Launched in May 2024, Venice AI is a privacy-focused AI chatbot alternative platform designed to prevent storing user conversations on centralized company servers. Voorhees stated that Venice AI has surpassed 3 million users and has already achieved profitability in the first quarter. Voorhees said the new capital will be used to expand the Venice platform, which provides access to major open-source and proprietary AI models through a single interface and API. The annual issuance of Venice AI's native token, VVV, was reduced to 3 million tokens on Wednesday, used to reward token holders who support the network by staking VVV.
Venice AI Founder Discloses Series A Financing Details: Investors Received 8.98% Equity and 1.5 Million VVV Vesting Grants
Venice AI founder Erik Voorhees stated on the X platform that to complete the $65 million Series A financing round, Venice chose to sell equity rather than directly sell VVV. Despite VVV's price increasing over 700% this year, Venice has not sold any tokens and currently holds over 30 million VVV, representing more than 37.5% of the total supply of 80 million tokens.Investors in this round received 8.98% equity, a vesting grant of 1.5 million VVV, and warrants to purchase 5 million VVV over the next 8 years. If all warrants are exercised, Venice's total financing will increase to $131.5 million. The relevant tokens are locked for 1 year and then unlock linearly over 3 years, with an expected average daily new circulation of less than 6,000 tokens. Venice stated that it will continue to maintain its tokenomics model of repurchasing and burning VVV with revenue.
Venice AI completes $65 million Series A funding round, led by Dragonfly
Venice AI has announced the completion of a $65 million Series A funding round, led by Dragonfly, with participation from Coinbase Ventures, North Island Ventures, and others, at a valuation of $1 billion. The project primarily offers a platform that grants access to over 200 AI models while ensuring privacy.
Total profit of $1.335 million, a certain address chased the rally with 181,250 VVV and then deposited 44.8% of its holdings
according to on-chain analyst Ai Yi's monitoring, between August 18 and September 4, a certain address appears to have taken profit on 81,250 VVV, with an estimated gain of $588,000. The address had chased the rally by buying 181,250 VVV at an average price of $16.69, with an average withdrawal price of $16.69; 9 hours ago, the address deposited 44.8% of its holdings to Coinbase, while the remaining holdings still have unrealized gains of $747,000, bringing the total profit to $1.335 million.
Trader Based16z closes 7,650 VVV long position, floating profit exceeds $600,000 in 24 hours
Odaily Odaily News: Hyperbot data shows that trader Based16z has just closed a long position of 7,650 VVV tokens, worth approximately $200,000, and still holds 83,290 VVV tokens in long positions, worth approximately $2.2 million. Data shows that the trader has realized and floating profits totaling over $600,000 in less than 24 hours.
6 months profit of $14.93 million: A whale sells 92,200 VVV and holds 4.74 million LIT
Odaily News: According to Lookonchain monitoring, a whale purchased 102,200 VVV at $7.87 six months ago. After the price rose today, the whale sold 92,200 VVV at $25.75, earning $2.37 million. The whale still holds 10,000 VVV worth $259,500, having realized a profit of $1.83 million.Over the past three months, the whale also spent $11.3 million to buy 4.74 million LIT at an average price of $2.39, which is currently worth $24.4 million, representing a paper profit of $13.1 million. The whale has made a total profit of $14.93 million from VVV and LIT.
A new address has purchased 181,300 VVV tokens for $3.025 million, currently showing an unrealized profit of $2.002 million
Odaily News According to on-chain analyst Ai Yi's monitoring, a new address purchased 181,300 VVV tokens at an average price of $16.69 between August 18 and September 4, during VVV's price rally, for a total value of $3.025 million. It currently shows an unrealized profit of $2.002 million.
Bankless founder sells all ETH, reallocates to ZEC and LIT, both significantly outperforming ETH
Odaily News DeFi researcher Ignas posted on X: "After David Hoffman (Bankless founder) sold his ETH, he reallocated his portfolio into some of the best-performing tokens, such as LIT and ZEC. NEAR also performed well, and only VVV underperformed the broader market. Although the market was full of fear, uncertainty, and doubt (FUD) at the time, and it was also very close to the ETH bottom, the goal of aggressive crypto investors has always been to outperform BTC and ETH. Well done, David."Previously reported, Bankless co-founder David Hoffman announced in June this year that he had sold all his ETH and bought VVV, NEAR, ZEC, HYPE, and LIT.
ShapeShift founder Erik Voorhees staked over 340,000 VVV, valued at approximately $3.98 million.
According to on-chain analyst Onchain Lens (@OnchainLens), ShapeShift founder Erik Voorhees staked 341,690 VVV to Venice (@AskVenice), worth approximately $3.98 million. This staking operation occurred approximately 9 hours after he claimed 3,630 VVV (approximately $42,300) in staking rewards.
Rockawayx Acquires Relayer Capital, Adding Long/Short Strategy with ~70% Returns Since 2026
Odaily News: Digital asset investment platform Rockawayx has acquired digital asset hedge fund Relayer Capital, incorporating its directional long/short strategy into its approximately $2 billion investment platform. Relayer Capital founder Austin Barack will continue to oversee the strategy and assume the role of Chief Investment Officer of the newly renamed Rockawayx Liquid Opportunities Fund.Rockawayx CEO Viktor Fischer stated that the fund will invest in highly liquid crypto tokens and digital asset-related equities, with a focus on identifying assets that are mispriced relative to their business fundamentals, market position, or growth prospects. The fund is currently open to new external investors.Rockawayx disclosed that the strategy's estimated net return from the start of 2026 through August 21 stands at approximately 70%, outperforming a weighted portfolio of Bitcoin, Ethereum, and Solana by 86 percentage points. Major contributing positions include Venice AI, Hyperliquid, Grass Network, Pump.fun, and Zcash, with investment themes centered on AI and tokenized real-world asset markets.The acquisition adds a directional liquid strategy to Rockawayx's venture capital and market-neutral businesses. Rockawayx also operates infrastructure and onchain liquidity divisions, noting that these capabilities support its team in identifying blockchain market opportunities across stages—from early-stage funding and token issuance to public market trading. (Bitcoin.com News)
AMD Second-Generation AI Server Helios Enters Production, Equipped with MI455X Accelerator
AMD CEO Lisa Su stated that the second-generation AI server Helios has entered full production, with shipments expected by the end of the third quarter this year amid strong customer demand. The server features the new AI accelerator Instinct MI455X and the new-generation Venice CPU, both manufactured by TSMC. OpenAI plans to deploy Helios later this year. AMD is leveraging this to catch up with NVIDIA in the data center chip market.
Venice Upgrade Tokenomics: API Revenue to Trigger VVV Buyback and Burn, DIEM Supply Raised to 40,000
Odaily AI infrastructure project Venice has announced an update to its VVV and DIEM tokenomics model, introducing a new programmatic buyback and burn mechanism and gradually increasing the DIEM supply target from 38,000 to 40,000 tokens.Venice stated that VVV is its core ecosystem asset, an ERC-20 token issued on the Base chain. After users purchase and stake VVV, they can earn rewards, unlock Venice Pro benefits, and use it to mint DIEM. Previously, a portion of platform revenue was used for market buybacks and the burning of VVV.This update first expands the sources for VVV burning. Previously, Venice had already implemented an automated VVV buyback and burn mechanism through Pro, Pro+, and Max subscription revenues. Now, this mechanism will cover API credit purchases: for every $100 worth of Venice API credits purchased by a user, $5 will be used to buy and burn VVV. This process will be executed automatically. As API usage grows, more VVV will be removed from circulation.Venice stated that the new API burn mechanism will be tracked separately on the official burn page, displayed distinctly from the burn records generated by subscription revenue.Concurrently, Venice will adjust the DIEM supply target. DIEM is the second-generation token in the Venice ecosystem, used to provide access to AI model credits. Each DIEM corresponds to $1 worth of daily Venice AI credits.DIEM can only be minted by staking and locking VVV. Users can use or sell these AI credits. Previously, the DIEM supply target was long fixed at 38,000 tokens.Starting August 3rd, this target will be gradually raised to 40,000 tokens, adding up to 2,000 new DIEM minting capacity to the market. As each newly minted DIEM requires locking more staked VVV, this will correspondingly increase the daily supply of AI API credits.Venice indicated that as the DIEM supply approaches the target, the minting cost (Mint Rate) will gradually increase. This increase in the supply target will provide users with greater minting capacity while maintaining the ecosystem's supply-demand mechanism.This adjustment shows that Venice is strengthening its token economic flywheel through a path of "AI service demand growth → increased API revenue → continuous VVV burning → ecosystem value capture."
OKX to List VVV/USDT Perpetual Swap
Odaily, according to an official announcement, OKX will officially list the VVVUSDT perpetual swap on its web, App, and API at 14:00 (UTC+8) on July 3, 2026.It is reported that Venice is an AI platform focused on privacy, offering services such as generative conversations and image creation.
Venice AI Completes $65 Million Funding Round at $1 Billion Valuation
Venice AI founder Erik Voorhees announced on Wednesday that the company has completed its first external funding round, raising $65 million at a $1 billion valuation. The round was led by Dragonfly, with participation from North Island Ventures, Coinbase Ventures, Archetype, Liquid2 Ventures, and Morgan Creek. Launched in May 2024, Venice AI is a privacy-focused AI chatbot alternative platform designed to prevent storing user conversations on centralized company servers. Voorhees stated that Venice AI has surpassed 3 million users and has already achieved profitability in the first quarter. Voorhees said the new capital will be used to expand the Venice platform, which provides access to major open-source and proprietary AI models through a single interface and API. The annual issuance of Venice AI's native token, VVV, was reduced to 3 million tokens on Wednesday, used to reward token holders who support the network by staking VVV.
South Korean Trader: Recent Token Listings on Upbit Suspected of “Rat Trading”
South Korean trader Definalist stated on social media that Upbit’s recent listings of WIF and VVV may involve front-running behavior. He claimed that multiple addresses funded by Upbit’s hot wallet purchased WIF prior to its listing on Upbit and rapidly sold their holdings shortly after the listing. A similar pattern was observed with VVV. Additionally, he revealed that Upbit has recently been intensively testing the STABLE token, and suspected front-running wallets also engaged in purchases of this token.
Related news
Total profit of $1.335 million, a certain address chased the rally with 181,250 VVV and then deposited 44.8% of its holdings
according to on-chain analyst Ai Yi's monitoring, between August 18 and September 4, a certain address appears to have taken profit on 81,250 VVV, with an estimated gain of $588,000. The address had chased the rally by buying 181,250 VVV at an average price of $16.69, with an average withdrawal price of $16.69; 9 hours ago, the address deposited 44.8% of its holdings to Coinbase, while the remaining holdings still have unrealized gains of $747,000, bringing the total profit to $1.335 million.
Trader Based16z closes 7,650 VVV long position, floating profit exceeds $600,000 in 24 hours
Odaily Odaily News: Hyperbot data shows that trader Based16z has just closed a long position of 7,650 VVV tokens, worth approximately $200,000, and still holds 83,290 VVV tokens in long positions, worth approximately $2.2 million. Data shows that the trader has realized and floating profits totaling over $600,000 in less than 24 hours.
6 months profit of $14.93 million: A whale sells 92,200 VVV and holds 4.74 million LIT
Odaily News: According to Lookonchain monitoring, a whale purchased 102,200 VVV at $7.87 six months ago. After the price rose today, the whale sold 92,200 VVV at $25.75, earning $2.37 million. The whale still holds 10,000 VVV worth $259,500, having realized a profit of $1.83 million.Over the past three months, the whale also spent $11.3 million to buy 4.74 million LIT at an average price of $2.39, which is currently worth $24.4 million, representing a paper profit of $13.1 million. The whale has made a total profit of $14.93 million from VVV and LIT.
A new address has purchased 181,300 VVV tokens for $3.025 million, currently showing an unrealized profit of $2.002 million
Odaily News According to on-chain analyst Ai Yi's monitoring, a new address purchased 181,300 VVV tokens at an average price of $16.69 between August 18 and September 4, during VVV's price rally, for a total value of $3.025 million. It currently shows an unrealized profit of $2.002 million.
Bankless founder sells all ETH, reallocates to ZEC and LIT, both significantly outperforming ETH
Odaily News DeFi researcher Ignas posted on X: "After David Hoffman (Bankless founder) sold his ETH, he reallocated his portfolio into some of the best-performing tokens, such as LIT and ZEC. NEAR also performed well, and only VVV underperformed the broader market. Although the market was full of fear, uncertainty, and doubt (FUD) at the time, and it was also very close to the ETH bottom, the goal of aggressive crypto investors has always been to outperform BTC and ETH. Well done, David."Previously reported, Bankless co-founder David Hoffman announced in June this year that he had sold all his ETH and bought VVV, NEAR, ZEC, HYPE, and LIT.
Rockawayx Acquires Relayer Capital, Adding Long/Short Strategy with ~70% Returns Since 2026
Odaily News: Digital asset investment platform Rockawayx has acquired digital asset hedge fund Relayer Capital, incorporating its directional long/short strategy into its approximately $2 billion investment platform. Relayer Capital founder Austin Barack will continue to oversee the strategy and assume the role of Chief Investment Officer of the newly renamed Rockawayx Liquid Opportunities Fund.Rockawayx CEO Viktor Fischer stated that the fund will invest in highly liquid crypto tokens and digital asset-related equities, with a focus on identifying assets that are mispriced relative to their business fundamentals, market position, or growth prospects. The fund is currently open to new external investors.Rockawayx disclosed that the strategy's estimated net return from the start of 2026 through August 21 stands at approximately 70%, outperforming a weighted portfolio of Bitcoin, Ethereum, and Solana by 86 percentage points. Major contributing positions include Venice AI, Hyperliquid, Grass Network, Pump.fun, and Zcash, with investment themes centered on AI and tokenized real-world asset markets.The acquisition adds a directional liquid strategy to Rockawayx's venture capital and market-neutral businesses. Rockawayx also operates infrastructure and onchain liquidity divisions, noting that these capabilities support its team in identifying blockchain market opportunities across stages—from early-stage funding and token issuance to public market trading. (Bitcoin.com News)