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On-chain yield infrastructure startup Ground announced the completion of a $3.6 million Pre-seed financing round, led by Bain Capital Crypto and ParaFi, with participation from Nascent, Robot Ventures, Chapter One, Consonant Ventures, and others.It is reported that Ground primarily provides APIs for fintech companies and asset management institutions, enabling them to integrate on-chain yield products into existing applications without the need to build blockchain integration themselves. Its target customers include fintech platforms, digital banks, wealth management institutions, exchanges, and asset management companies for building yield, savings, and investment products.

South Korea will incorporate tokenized securities into the overall framework of capital market reform. The Financial Services Commission (FSC) recently launched a review meeting on capital market infrastructure to coordinate the advancement of reforms such as speeding up securities settlement, extending trading hours, and digital transformation.According to the plan, the tokenized securities framework will officially take effect in February 2027, and relevant subordinate regulations are expected to solicit public opinions in July this year. In terms of infrastructure development, Samsung SDS has been contracted by the Korea Securities Depository (KSD) to develop a tokenized securities management platform, aiming to integrate the existing electronic securities account system with blockchain data, with the goal of completing this by February 2027.

Nate Geraci, president of ETF Store, posted on platform X that Atlas Capital, involving "Dr. Doom" Nouriel Roubini, is planning to launch digital tokens backed by ETFs listed in the United States. Nate Geraci cited relevant statements saying, "Bitcoin and other cryptocurrencies are not real currencies; we need better collateral, higher quality reserve assets, and more reliable value storage tools." Geraci believes that given Roubini's long-standing critical stance on cryptocurrencies, his involvement in launching products related to digital assets is of significant symbolic importance and is a noteworthy industry trend.

Fortitude Mining Holdings and HeartSciences today announced that they have signed a definitive merger agreement to complete a business combination through an all-stock transaction.It is reported that Fortitude Mining Holdings is a vertically integrated digital asset mining platform focused on Zcash mining.The transaction is expected to be completed in the second half of 2026. Upon completion of the transaction, the merged company will continue to use the Fortitude brand and will be operated by the existing management team of Fortitude, including Fortitude CEO Andrea Childs. The new company plans to list on the NASDAQ capital market, with the stock ticker expected to be "TUDE," but it still requires NASDAQ approval.

According to Bloomberg, Ghanaian cryptocurrency exchange Hyro Exchange is considering reissuing about 10% equity after completing a new round of seed financing to accelerate its expansion in Ghana and key markets in Africa. A local Ghanaian investment firm recently acquired approximately 10% equity in the company, raising its valuation to several million dollars. Hyro plans to sell an equivalent proportion of shares to overseas investors as part of its compliance expansion capital strategy. Currently, the platform has been selected for Ghana's virtual asset trading pilot project, betting on the demand for faster and lower-cost cross-border payments in Africa, which will continue to drive the growth of cryptocurrency usage.

According to The Block, the on-chain trading platform TurboFlow, which provides prediction markets and perpetual contracts, has completed a $6 million seed round of financing, led by Pantera Capital, with participation from Susquehanna Crypto and Digital Currency Group.This round of financing was completed in March and is structured as a Simple Agreement for Future Equity with token warrants. TurboFlow is headquartered in Hong Kong and aims to become the "Kalshi of the Asia-Pacific region." TurboFlow intends to fill the gap of prediction markets in Asia through localization and regional presence. The platform has been operating a beta version for over six months, with more than 15,000 registered users and a cumulative trading volume exceeding $19 billion. TurboFlow currently has over 30 employees, with the core team based in Hong Kong, and plans to maintain a lean operation. In terms of regulation, founder Tony He stated that the company is actively establishing a compliance framework.

According to Fortune, American public safety AI company Peregrine Technologies has completed a $250 million Series D funding round, achieving a valuation of $6.8 billion, nearly tripling from the previous $2.5 billion valuation in just 15 months. This round was led by existing investors including Sequoia Capital.Peregrine's core product is a government data integration platform that unifies existing city data such as police records, 911 logs, license databases, sensor data, and emergency management systems for real-time retrieval. It also features built-in role-based access control and complete audit tracking, while the platform itself does not collect or hold any data. Currently, the platform serves over 400 law enforcement agencies, covering approximately 125 million people in North America, and is operating security integration centers for 8 of the 11 host cities for the 2026 FIFA World Cup.Co-founder and CEO Nick Noone previously led Palantir's special operations business, including the intelligence platform tracking ISIS; co-founder and CTO Ben Rudolph previously built data infrastructure at the United Nations High Commissioner for Refugees. The company stated that the new funds will be used for product development, expanding the engineering and implementation teams, international expansion, and employee mobility arrangements. Noone indicated that they have not yet decided whether to pursue an IPO but are preparing internal infrastructure for a potential listing.The government AI market is estimated to be valued at approximately $25 billion by 2025 and is expected to grow to $109 billion by 2035. However, the ongoing civil liberties controversies surrounding AI law enforcement monitoring remain a persistent challenge for Peregrine.

According to the official announcement, Gate stocks have officially launched the Korean stock trading service. Users can now directly use USDT to trade stocks listed on the Korean Exchange (KRX) without the need to open a traditional Korean brokerage account or convert to Korean won, allowing for convenient participation in the Korean capital market. Korean stocks will share a unified stock account system with US stocks and Hong Kong stocks, supporting trading, position management, profit and loss inquiries, and other functions, achieving one-stop allocation and management of digital assets and global securities assets.Gate's Korean stock business initially launched stocks ranked in the top 1,000 by market capitalization on the Korean Exchange (KRX), covering the KOSPI main board and KOSDAQ market. The first batch of trading targets includes representative listed companies in the Korean market such as Samsung Electronics, SK Hynix, NAVER, Hyundai Motor, and Celltrion. In addition, Gate will hold a Korean stock trading event from June 22 at 16:00 to June 30 at 16:00 (UTC+8), allowing participation in popular stocks in the Korean market and sharing rewards of over $200,000 in Samsung Electronics, SK Hynix, and Hyundai Motor stocks.

IBM CEO Arvind Krishna recently expressed serious doubts about the massive capital expenditures by competitors in the pursuit of Artificial General Intelligence (AGI) during an interview. Krishna estimates that the current cost of building a 1-gigawatt data center is about $80 billion; if the entire industry deploys 100 gigawatts of computing power to achieve AGI, total capital expenditures could reach $8 trillion. He pointed out that this means companies would need to generate $800 billion in profit just to cover interest, making it fundamentally impossible to achieve a return on investment from a business logic perspective.Additionally, Krishna believes that the probability of achieving AGI relying on currently known large language model (LLM) technology is extremely low (only 0% to 1%), unless there are fundamental technological breakthroughs in integrating knowledge with LLMs. Despite his pessimistic view on the short-term realization of AGI, he still acknowledges that generative AI will unleash trillions of dollars in productivity value for enterprises.

Michael Saylor called on the Bitcoin community on the X platform not to engage in internal strife over minor differences, but to focus on market opportunities. "Bitcoin supporters are united on 99% of important matters. We should not let 1% of differences divide us, especially when the vast majority of global capital has yet to enter the Bitcoin monetary network. The opportunities are far greater than the debates."

CryptoQuant founder Ki Young Ju stated that the phenomenon of Bitcoin driving funds into altcoins, which once boosted altcoin markets, has basically disappeared. He pointed out that since 2021, the trading volume of altcoins paired with BTC has significantly shrunk, and the market structure has undergone noticeable changes. Ki Young Ju believes that the era of "Bitcoin rising leading to a general rise in altcoins" may have ended, and in the future, altcoins may rely more on their own fundamentals, application scenarios, and independent capital inflows to drive price increases.

The GLM-5.2 flagship model Web Chat has officially landed on the B.AI platform. Following the API's initial opening on June 18, both ends of the service are now fully available.As a representative work of the new generation of open-source weights, this model features an industry-leading 1M ultra-long context window, specifically designed for high-performance scenarios such as large-scale code development, complex reasoning, and agent tasks, balancing cutting-edge performance with stable execution capabilities. Users can now flexibly access it through the official API standard channel and various service provider discount models, or they can directly use the web-based chat for seamless integration across all workflow scenarios.B.AI, as a leading one-stop AI model service platform, is committed to providing developers and enterprises with an efficient, secure, and user-friendly model deployment and invocation experience. The comprehensive integration of GLM-5.2 will further enrich the platform ecosystem and empower various intelligent applications to be implemented.

Grant Cardone, CEO of the American real estate investment company Cardone Capital and billionaire, stated on the X platform: "Cardone Capital has increased its holdings by 282 bitcoins."

According to Lookonchain monitoring, K3 Capital withdrew 10,000 ETH from Binance 2 hours ago, worth 16.92 million USD.

According to BTCTreasuries, Bitcoin treasury company Capital B has disclosed that its shareholders' meeting has approved a large-scale financing plan, allowing for the raising of up to approximately $5.76 billion through the issuance of new shares, and refinancing of up to approximately $115.2 billion through the issuance of credit instruments, aimed at further increasing its Bitcoin holdings.Based on current prices, the potential scale of this financing could theoretically support the purchase of over 1.87 million BTC, demonstrating the company's continued high expansion in its crypto asset allocation strategy. This resolution implies that Capital B may continue to expand its Bitcoin holdings through a dual path of "equity + debt instruments" in the future, further strengthening its asset-liability structure and exposure to the crypto market.

Jiang Zhuoer stated that MicroStrategy (MSTR) currently holds approximately $55 billion in Bitcoin assets, corresponding to an annual dividend expenditure of about $1.7 billion for its STRC preferred shares, which theoretically could cover about 32 years of dividend needs by selling BTC. STRC is a preferred stock rather than a debt instrument, so there is no traditional pressure for mandatory repayment. From a financial structure perspective, MSTR does not face "forced liquidation-style leverage risk" or short-term repayment crises.However, the related statements reflect that market concerns about its long-term cash flow and the volatility of crypto assets are rising. Currently, STRC has shown significant discount fluctuations, and its refinancing ability is limited. In addition, MSTR has recently relied more on methods such as issuing common stock to increase its BTC holdings (which may dilute the per-share Bitcoin amount when mNAV is below 1), and this strategy is difficult to sustain in the long term.Jiang Zhuoer indicated that even if the actual scale of MSTR selling BTC to pay dividends is relatively small compared to the entire market, its symbolic significance may be more important, potentially putting pressure on market confidence and causing investors to reassess the possibility of "long-term passive selling of coins." The market's understanding of this structure is not consistent, and this cognitive difference itself may become an important factor influencing expectations and sentiment.

According to data from DefiLlama, Gate has seen a net inflow of over $478.16 million in the past 7 days and over $387.56 million in the past 30 days, consistently ranking first among global centralized exchanges.

According to Fortune, PayPal is shutting down its 10-year-old corporate venture capital arm, PayPal Ventures. It is reported that PayPal plans to sell some of its investment positions in the secondary market and has hired investment bank Jefferies to assist with potential transactions. Since its establishment in 2016, PayPal Ventures has invested in over 80 startups, including Plaid and Anchorage Digital, through three funds totaling more than $850 million.The reduction of the venture capital department comes after the new CEO Enrique Lores took over the company. To cope with fierce competition in the payment market and the previous decline in stock prices, PayPal is currently advancing a comprehensive organizational restructuring, planning to cut 20% of its workforce over the next two to three years to save at least $1.5 billion in costs, and refocusing its strategic emphasis on core foundational business and the application of AI technology.