#DeepSeek raises $7.4B in a funding round at a valuation exceeding $50B. The round is backed by Tencent, JD, NetEase, IDG Capital, and CATL. Rather than investing in DeepSeek directly, investors committed capital to a limited partnership controlled by founder Liang Wenfeng. The arrangement imposes a five-year lock-up and strips investors of voting rights, with China's National #AI Fund standing out as the sole direct investor with voting privileges intact.
DeepSeek is an artificial intelligence company and AI chatbot that specializes in advanced large language models.
#HashKeyChain partners with #Morpho , a decentralized, non-custodial lending protocol, to expand institutional-grade #CeDeFi business. Through the partnership, HashKey Group’s compliance-ready infrastructure and Morpho’s global open credit network will be combined to explore institutional-grade CeDeFi and #RWA on-chain lending infrastructure.
HashKey Chain is a regulatory-compliant #Ethereum #Layer2 blockchain tailored for institutional use, providing a secure, high-throughput platform that links traditional and decentralized finance through tokenized and real-world assets.
#ElDorado secures $9M in a Series A funding round led by Paradigm, with participation from Coinbase Ventures and Verda Ventures. This funding round brings El Dorado's total funds raised to $12M. In addition, the company launched a new division focused on enabling cross-border payments for Latin American businesses and helping multinational corporations enter regional markets.
El Dorado operates a peer-to-peer cryptocurrency wallet that enables users to make cross-border payments and earn income through stablecoin exchanges.
Public companies continue to expand their Bitcoin holdings, solidifying cryptocurrency's role in traditional financial markets. With industry leaders like #Strategy holding substantial amounts, the total $BTC reserved by these firms now surpasses an impressive 1,202,402 $BTC , representing significant confidence in Bitcoin's long-term value. As the market matures, these holdings underscore the evolving relationship between traditional institutions and digital assets.
#Strategy announces acquisition of 1,587 $BTC for $100.0M at approximately $63,024 per #Bitcoin , bringing its total holdings to 846,842 $BTC . By continuing to grow its Bitcoin holdings, the company maintains its status as a major force in the cryptocurrency market, drawing interest from investors and industry analysts.
Strategy is the largest Bitcoin Treasury Company, an independent, publicly traded business intelligence company, and a Nasdaq 100 stock.
#BlackRock has filed an 8-A registration statement for its iShares Bitcoin Premium Income ETF, #BITA . The fund will trade on #Nasdaq with a 0.65% sponsor fee, lower than the fees charged by the two largest existing covered-call Bitcoin ETFs. Bloomberg analyst Eric Balchunas stated that the filing points to an imminent launch and that trading is expected to begin next week.
#Metaplanet has reached an agreement to acquire #SiiiboSecurities , a Type I licensed brokerage, for $13M. The deal is expected to close in July, after which Metaplanet will rebrand Siiibo Securities as #MetaplanetSecurities . The acquisition is part of its “Project Nova” strategy to build a Bitcoin-focused financial ecosystem in Japan.
Metaplanet is a publicly listed Japanese company that operates as a #Bitcoin treasury company.
#CantonNetwork secures $335M in a funding round led by a16z crypto, with participation from Abu Dhabi Investment Authority subsidiary, Apollo Funds, BNP Paribas, Broadridge, Citadel Securities, CME Ventures, Coinbase Ventures, Greenwulf Asset Management, Hanwha Investment & Securities, HSBC, Liberty City Ventures, Optiver, Polychain, S&P Global, SBI Group, and others.
Canton is a #Layer1 blockchain with unique smart contract technology that allows network participants to confidently exchange data and value.