bbit

According to official news, BIT's subsidiary BIT Asset Management AG has been approved by FINMA and will list the first spot Bitcoin ETF (BBIT) in Europe on the Swiss Exchange in November. BBIT relies on Switzerland's high-net-worth wealth pool, providing a compliant channel for traditional bank accounts to directly allocate spot Bitcoin.In terms of business progress, BIT has launched services for US and Hong Kong stocks this year; in addition, its subsidiary Cactus Custody officially launched Swiss custody services last month, further building a safe and reliable bridge between traditional finance and crypto assets.

Financial technology startup Navra announced the completion of a $19 million Series A financing round, led by Ribbit Capital, with participation from Baseline, DCM, and others, while Jump Crypto and Figure Technology Solutions acted as strategic investors.Navra primarily connects multiple blockchain venues through a single interface, directly linking DeFi yield protocols and cash channels, providing keyless self-custody services that meet qualified custody requirements, and includes an AI agent; the institutional version also supports enterprise team management and full audit tracking.

According to Bloomberg, the AI code review platform CodeRabbit announced the completion of a $143 million financing round, with a valuation of $1.5 billion. This round of financing was co-led by Atomico and Smash Capital, with participation from institutions such as BMW i Ventures and Datadog. So far, CodeRabbit has raised over $200 million in total financing.CodeRabbit primarily utilizes artificial intelligence to automatically review software code, helping developers identify code defects, security risks, and potential issues. Its product can automatically review both AI-generated and manually written code during the development process, providing developers with feedback on problems and suggestions for improvement.

Libbitcoin developer @evoskuil stated that the latest version of Libbitcoin Server can complete the initial block download of a Bitcoin full node in 55 minutes and perform full verification. This speed improvement comes from a new GPU-based signature verification system that runs in parallel with conventional script verification, rather than as a separate step.The software does not pause execution to verify each ECDSA and Schnorr signature; instead, it captures signature checks, batches them, and processes them via GPU while the remaining verification continues. @evoskuil indicated that this method achieves about a 99.5% signature capture rate without blocking verification, thus eliminating the need for a second verification. If a batch signature check fails, the software traces it back to the corresponding block and marks that block as invalid. He also mentioned that this design can batch process an almost arbitrary number of signatures, keeping the GPU ahead of the remaining verification process and significantly shortening the full node synchronization time.

The enterprise-focused digital banking platform Slash announced the completion of a $100 million Series C financing round, led by Ribbit Capital, with Goodwater Capital and Khosla Ventures co-leading. The post-money valuation is approximately $1.4 billion, with total financing reaching $160 million.Slash claims to serve over 5,000 corporate clients, offering features such as corporate accounts, virtual accounts, stablecoin payments, expense management, accounting automation, and real-time payments. The company stated it will use the new funds to accelerate product iteration and promote its strategy of "bank accounts as the financial command center for businesses."

MegaETH announced on the X platform that its mainnet is fully launched and the ecosystem frontend The Rabbithole has been introduced. Its main features include helping users discover running and upcoming applications, bridging and exchanging assets, and receiving notifications about ecosystem events.

According to market news, a newly created wallet has received 522,000 HYPE tokens (approximately $19.4 million) from Anchorage in the past 14 hours.In addition, a wallet suspected to belong to Ribbit Capital received 195,000 HYPE tokens (approximately $7.3 million) about 13 hours ago.

Robinhood CEO Vlad Tenev co-founded the AI startup Harmonic, which has completed a $120 million funding round, reaching a valuation of $1.45 billion. This round was led by Ribbit Capital, with participation from Sequoia, Kleiner Perkins, and new investor Emerson Collective.Harmonic's core technology, "Mathematical Superintelligence (MSI)," is based on formal logic rather than statistical prediction, aiming to address the AI hallucination problem. Its flagship model, Aristotle, has performed exceptionally well in the International Mathematical Olympiad, reaching a level comparable to leading research labs at Google and OpenAI. Aristotle generates verifiable reasoning steps using the Lean4 programming language, ensuring that conclusions are based on rigorous logic. This technology is particularly suited for high-risk industries such as aerospace and finance. Currently, Aristotle is available to developers and mathematicians through a free API, with commercialization plans to be launched later.

ChainCatcher news, Nasdaq-listed Bitcoin treasury company K Wave Media announced on the X platform that it has raised 9 billion Korean won (approximately 6.5 million USD) through the issuance of common stock to acquire a 55% stake in the artificial intelligence content studio Rabbit Walk and gain management control. After the transaction is completed, K Wave Media will leverage its virtual production and generative AI technology to expand the Web3 content market and promote the construction of an IP copyright tokenization platform.

ChainCatcher news, stablecoin startup M0 has completed a $40 million Series B funding round, led by Polychain and Ribbit Capital, with participation from Endeavor Catalyst, Pantera, and Bain Capital Crypto.M0 is building a network layer that enables different stablecoin issuers to achieve interoperability and liquidity connectivity. M0 co-founder and CEO Luca Prosperi stated that the company will focus on scaling the network over the next 2-5 years. Notably, the cryptocurrency wallet MetaMask recently announced a partnership with M0 to launch its stablecoin.

ChainCatcher news, according to Decrypt, the development team of the TON ecosystem DEX project STON.fi announced the completion of a $9.5 million Series A funding round, led by Ribbit Capital and CoinFund.STON.fi is a decentralized automated market maker (AMM) built on the TON blockchain, offering nearly zero fees, low slippage, an extremely simple interface, and direct integration with the TON wallet.

ChainCatcher news, according to Fortune, the Telegram ecosystem development platform The Open Platform has announced the completion of a $28.5 million Series A financing round, with a post-money valuation of $1 billion. This round was led by fintech investment firm Ribbit Capital, with participation from crypto venture capital firm Pantera Capital. This financing round involved the sale of approximately 5% of equity and did not include cryptocurrency shares. The Open Platform has raised over $70 million in total.TOP is the core developer of Telegram's official blockchain The Open Network (TON), and its "Telegram Wallet" has been opened to users in regions such as Russia and Asia. The company's CEO stated that the new funds will be used to expand into compliant markets in Europe and the United States, as well as to incubate blockchain games and AI applications based on TON.

ChainCatcher news, according to Fortune, the crypto wallet infrastructure Privy announced the completion of a $15 million financing round, led by Ribbit Capital, with participation from Sequoia Capital, Paradigm, and Coinbase. The valuation information has not been disclosed, and the company's total financing to date has reached $40 million.According to the Web3 asset data platform RootData, Privy is an infrastructure platform that provides authentication and key management tools for Web3 applications. Through embedded wallets, account abstraction, and cross-chain interoperability, it helps developers build a seamless multi-chain network user experience.

ChainCatcher news, according to Fortune, the crypto development platform Crossmint has completed a $23.6 million funding round, covering seed, Series A, and strategic financing, led by Ribbit Capital, with participation from Franklin Templeton, Nyca, First Round, Lightspeed Faction, and others.Crossmint provides API tools that help developers easily integrate crypto features without needing to deeply understand blockchain technology. Currently, its clients include Adidas, Red Bull, Coinbase, and 40,000 other businesses and developers. Its stablecoin API and AI bot payment features are highly favored, with a 1100% increase in subscriptions in 2024. Crossmint plans to further expand into the traditional finance and tech enterprise market, creating a differentiated layout compared to competitors like Alchemy.

ChainCatcher news, according to Bloomberg, the crypto security platform Blockaid has recently completed a $50 million Series B funding round, led by Ribbit Capital, with participation from GV (formerly Google Ventures) and existing investors Variant and Cyberstarts. This funding will help Blockaid address the growing risks of cybercrime in the digital asset space.In 2024, Blockaid successfully intercepted 71 million potential attacks, preventing losses of $5.3 billion. The company expects that as user growth and token prices rise, cyber attack incidents will surge to "hundreds of millions" in 2025. Blockaid plans to use this funding to expand operations and increase R&D investment, with expectations to double its workforce this year. The company's CEO Ido Ben-Natan stated that due to changes in the regulatory environment in the U.S., demand has surged, and the company is currently facing a staffing shortage challenge.

ChainCatcher news, according to CoinDesk, the DeFi lending platform Morpho has completed a $50 million financing round, led by Ribbit Capital, with participation from Hack VC, IOSG, Rockaway, L1D, Mirana, Cherry, Semantic, Fenbushi, Leadblock Bitpanda, and Robot Ventures.Heavyweights participating in the private token sale include a16z crypto, Coinbase Ventures, Variant, Pantera, Brevan Howard, BlockTower, and Kraken Ventures.Ribbit Capital is an early investor in fintech companies such as Robinhood, Revolut, and Coinbase.Morpho previously raised $18 million in 2022, aiming to integrate the relatively scarce decentralized finance (DeFi) world with the foundational protocol layer of the internet.

ChainCatcher message, friend.tech posted on the X platform stating that users can now mint NFTs using Bunnilio. The general process is as follows: send a key and exchange it for your own rabbit-themed PFP.

ChainCatcher news, AI company Rabbit denied the allegations made by YouTube investigator Coffeezilla, stating that it has always been open about rebranding and shifting towards an AI business.Rabbit stated that the Gama NFT project is independent of itself, and the Gama project has ended after being open-sourced.In addition, Rabbit's founder Jesse Lyu is an experienced entrepreneur who has been involved in multiple projects, including Gama. The company also responded to Coffeezilla's criticisms of the Rabbit R1 product.

ChainCatcher news, Cointelegraph reports that YouTube investigator Stephen Findeisen (also known as Coffeezilla) has accused the AI company Rabbit of orchestrating an NFT scam and attempting to cover it up.On May 21, Findeisen released a video exposing that Rabbit AI was formerly known as Cyber Manufacture Co., which raised $6 million for the NFT project Gama. However, years later, Rabbit AI founder and CEO Jesse Lyu claimed that his company "would never get involved in cryptocurrency" and stated that Gama was just a "little hobby project" during COVID-19.Findeisen presented recordings where Lyu described the grand vision of Gama. In the recordings, Lyu stated that they invested millions of dollars to ensure Gama became "an extraordinary experience." Findeisen also questioned the whereabouts of the $6 million raised for the Gama project, even though the company claimed that the funds were solely for the NFT project.Additionally, Findeisen pointed out that Rabbit's R1 product also faced issues of overhyping, with some considering it an "AI scam."

ChainCatcher news, Rabbit Club announced the completion of a strategic round of financing on platform X, with participation from NGC Ventures, Nothing Research, LinkVC, and Japan Digital Fund. The specific amount has not been disclosed.It is reported that Rabbit Club will issue the back to real series of NFTs in May, which will only support the purchase with RABBIT tokens.