According to Techub News, The Block reported that the open source AI platform Sentient has completed a $85 million seed round of financing, led by Peter Thiel’s Founders Fund, Pantera Capital and Framework Ventures, and participated by Ethereal Ventures, Robot Ventures, Symbolic Capital, Delphi Ventures, Hack VC, Arrington Capital, HashKey Capital, Canonical Crypto and Foresight Ventures.
 
One of Sentient’s core contributors is Polygon co-founder Sandeep Nailwal, and EigenLayer founder and CEO Sreeram Kannan serves as an advisor to the project.

 

According to Techub News, The Block reported that the oracle project RedStone completed a US$15 million Series A financing round, led by Arrington Capital. Participants included Kraken Ventures, White Star Capital, Spartan Group, Amber Group, SevenX Ventures, and IOSG Ventures. Individual investors included Smokey the Bera of Berachain, Homme Bera, Mike Silagadze of Ether.Fi, Jozef Vogel, Rok Kopp, Amir Forouzani of Puffer Finance, Jason Vranek, Christina Chen, etc.

1.SEC accuses cryptocurrency-friendly bank Silvergate of securities fraud

The SEC has sued cryptocurrency-friendly bank Silvergate in federal court for alleged securities fraud, Reuters reported.

2. Silvergate's parent company agreed to pay $63 million to settle with the SEC and other regulators

According to CoinDesk, Silvergate Capital Corp., the parent company of crypto-friendly bank Silvergate Bank, has agreed to pay $63 million to settle with the U.S. SEC, the Federal Reserve and the California Department of Financial Protection and Innovation (DFPI). The regulator accused it of failing to maintain an adequate anti-money laundering program and making misleading disclosures about the effectiveness of the program.

 

According to Techub News, The Block reported that blockchain company OpenLedger has completed a seed round of financing of US$8 million, led by Polychain Capital and Borderless Capital, with participation from HashKey Capital, Finality Capital, Hash3, STIX, MH Ventures, and individual investors including Sreeram Kannan of EigenLayer, Sandeep Nailwal of Polygon, Kenny Li of Manta, etc. This round of financing will be used to expand the team size and strengthen its data pipeline infrastructure.

 

OpenLedger builds permissionless, data-centric infrastructure for AI development.

 

According to Techub News, Coindesk reported that the distributed GPU network Prodia has completed a $15 million financing, led by Dragonfly Capital, with participating investors including HashKey, Web3.com, Index Ventures, Symbolic Capital, OKX Ventures, and individual investors including Balaji Srinivasan, Sandeep Nailwal (Polygon founder), Matthew Roszak (Bloq co-founder), etc. Prodia builds more scalable and affordable AI solutions powered by Web3, making it easy to add AI to any application.

 

 

According to Techub News, Tether has signed an MoU with BTguru, a leading technology and strategy company specializing in virtual and crypto assets, to evaluate Turkey's digital asset education program.

 

This is part of Tether’s broader vision for Tether EDU, which aims to create a world where education is unlimited and accessible to everyone, everywhere. By supporting initiatives that break down barriers to education, Tether provides opportunities in emerging markets and beyond, aiming to prepare individuals for the challenges and opportunities of the digital age. This effort goes beyond traditional learning methods and aims to lay the foundation for lifelong success.

 
According to Techub News, Coindesk reported that Tools for Humanity (TFH), the developer of the Worldcoin project, hired four executives to advance its mission of ensuring a more just economic system. Former X (formerly Twitter) privacy officer Damien Kieran will serve as chief privacy officer; former Google executives Adrian Ludwig and Ajay Patel will serve as chief information security officer and head of World ID respectively; former Apple executive Rich Heley will serve as chief device officer, responsible for Worldcoin's iris scanning device. The move aims to strengthen Worldcoin's capabilities in privacy, security and identity management, and ensure the project's compliance and transparency around the world.

Written by: Bailu Living Room

Source: Hong Kong Ta Kung Pao

 

On June 29, Hong Kong Ta Kung Pao issued an article: Investment in virtual assets in Hong Kong will not be levied asset value-added tax, which has great advantages in developing the virtual asset market. At the same time, he said that this move is very attractive to global investors. For example, in Japan and Australia, although they have vigorously expanded the virtual asset market earlier than Hong Kong, Japan and Australia both need to pay asset appreciation tax, and relevant taxes will be Including the comprehensive tax rate calculation, the comprehensive tax rates in Japan and Australia can be as high as 50% and 40% respectively.

Compared with ETH interest-earning, BTC interest-earning track is still a blue ocean. Master aims to open up a user entrance for the track by integrating income and simplifying operations.

Written by Alex Liu, Foresight News

BTC is the asset with the strongest consensus and the largest market value in the crypto industry, and it has reached the extreme in the field of decentralized value storage. However, nothing can be perfect. Does such an asset have any flaws at present?

Yes! Most of the liquidity is locked on the chain and cannot generate interest and create income for holders. Here is a simple example:

Xiao Zhang and Xiao Li entered the cryptocurrency circle at the same time. Under the recommendation of a big shot, Xiao Zhang heavily invested in Bitcoin and stopped operating after transferring it to a cold wallet; Xiao Li bought Ethereum and interacted with various DeFi protocols on the chain. The two often communicated and Xiao Zhang gradually learned that Xiao Li pledged his ETH in the LST protocol, deposited it in EigenLayer to participate in "restaking", bought Pendle's PT to lock in 20+% annualized returns, and deposited it in Blast to accumulate points and finally get airdrop tokens. Although the returns of various financial management behaviors are high and low, and the price of Ethereum fluctuates, the number of ETH tokens in his hands is indeed increasing day by day.

Written by: Mankiw Blockchain Legal Services

 

Recently, a small game called Hamster Kombat has attracted widespread attention and controversy in Iran. This click game based on the Telegram platform has attracted a large number of users through the "click to earn money" mechanism. Since its launch in March this year, the number of users of Hamster Kombat has grown rapidly, and has now reached 200 million. The number of subscribers to the project's X platform and YouTube account is 9.8 million and 28.7 million respectively. In just a few months, Hamster Kombat has quickly become a phenomenal project.