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According to TechCrunch, citing multiple informed sources, less than three months after emerging from stealth mode, the startup XDOF, which specializes in collecting real-world remote control data for training general-purpose robots, is in the late stages of negotiations for a Series B funding round, with an expected valuation of around $1.2 billion. This round of financing is led by 8VC.XDOF was co-founded in 2024 by researchers Philipp Wu (CEO) and Fred Shentu (CTO) from the University of California, Berkeley. The company previously completed a $70 million Series A funding round, with investors including Thrive Capital, Andreessen Horowitz, Lux, and Spark Capital. XDOF did not originally plan to raise funds again so quickly after completing this round, but informed sources say the company's business is growing rapidly, with annual revenue nearing $50 million, thus attracting several venture capital firms to proactively reach out and push for a new funding round.TechCrunch was unable to ascertain the specific amount of this funding round and could not confirm whether the aforementioned $1.2 billion valuation includes the new financing. Informed sources indicated that the transaction terms have not yet been finalized and may still change.

The latest report from the market intelligence platform Tracxn shows that since 2026, the Southeast Asian blockchain industry has accumulated $680 million in equity financing, more than double the $319 million for the entire year of 2025. However, this round of recovery is mainly driven by a few mature companies: only 25 rounds of financing were completed this year, compared to 46 rounds in 2025 and a peak of 206 rounds in 2022; the $400 million Series D financing of the cryptocurrency exchange Crypto.com accounted for nearly 60% of the total.From a segmented perspective, crypto financial services are the biggest beneficiaries, receiving a total of $498 million in financing this year (19 rounds), a year-on-year increase of 48.4%; tokenization platforms received $114 million, and decentralized application development platforms received $77 million. Among the 3,957 blockchain companies tracked by Tracxn, 1,323 have received equity financing, but only 167 have entered Series A and beyond, 50 have entered Series B, 14 have entered Series C, and only 4 have entered Series D and beyond.In terms of geography, Singapore dominates the Southeast Asian crypto investment market, accounting for 82.5% of the region's cumulative blockchain financing amount of $6.2 billion, and has 2,285 tracked companies, while Jakarta, ranked second, accounts for only 3%. In terms of exits, there have been 43 acquisitions and 4 IPOs in the region, including SBI Group's acquisition of the Singapore exchange CoinHako and Bybit's acquisition of NOBI. Southeast Asia has produced 6 blockchain unicorns to date, including Sygnum, Bitkub, Sky Mavis, and Amber Group.

Coinflip and its CEO Benjamin Weiss have been accused by the Washington State Department of Financial Institutions (DFI) of violating the Uniform Money Services Act. The DFI seeks to revoke Coinflip's money transmission license, prohibit the company and its related personnel from continuing to operate, and impose a fine of $1,029,600.The DFI stated that an inspection in 2025 found that Coinflip had insufficient anti-money laundering controls, inadequate transaction monitoring, failure to enforce transaction limits, inaccurate regulatory reporting, and unclear fee disclosures. The agency also accused Coinflip of failing to timely refund at least 15 customers as required. The proposed order requires Coinflip to refund eligible customers in Washington State, with customers aged 60 and above eligible for refunds of transaction fees and markup fees. Coinflip and Benjamin Weiss may request an administrative hearing to contest the allegations, refund requirements, license revocation, fines, and industry bans.

AI infrastructure startup Gimlet Labs has completed a $300 million financing round, raising the company's valuation to $3 billion. This round of financing was led by Andreessen Horowitz (a16z), with participation from Arm Holdings and Microsoft's venture fund M12.Gimlet Labs primarily helps clients allocate AI tasks to different types of chips and is collaborating with Arm to make its software compatible with various chip technologies from Arm.

According to official news, the permissionless on-chain yield protocol Polaris has completed a $1 million angel round of financing, with participation from institutions such as the Ethereum Foundation, Fusion (under IPOR), Altitude, Liquity, LI.FI, and more than 30 founders and contributors including Daily Gwei founder Anthony Sassano.Polaris's core product is the yield-bearing reserve asset pETH, and it also includes USDp and GOLDp, aiming to provide native yield for any on-chain asset.

According to Reuters, AI data center optical interconnect company iPronics announced the completion of a $125 million Series B financing round, co-led by Maverick Silicon and Light Street Capital, with participation from NVIDIA, Triatomic Capital, Bosch Ventures, Catalight Capital, and the European Innovation Council Fund. The company's total financing has now reached $177 million.iPronics primarily provides rack-mounted optical switching equipment for AI infrastructure, allowing AI clusters to dynamically adjust network connections in real-time for training and inference workloads through a programmable optical layer. The new funds will be used to expand operational scale and accelerate commercial deployment.

The Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury released an analysis and alert on Thursday, linking approximately $12.7 billion in suspicious financial activities to cryptocurrency investment scams operated by Southeast Asian parks. About 1,300 institutions submitted 33,904 suspicious activity reports covering the period from September 2023 to December 2025. Cryptocurrency-focused money service businesses submitted 55% of the reports, involving $5.5 billion; banks submitted 41%, involving $6.4 billion; and securities firms accounted for the remaining $784.5 million.The number of reports has been growing at an average monthly rate of 10.9%, with the amount involved increasing by 18%. Scammers used at least 22 types of digital assets, with Ethereum, USDT, and USDC being the most common. On-chain analysis shows that regardless of the asset victims initially purchased, the funds are almost always converted into stablecoins, with nearly all converted to USDT, and then transferred through DeFi protocols or exchanges outside the U.S. Scammers also reused collection addresses across multiple victims, which is one way some institutions identified this pattern.The report indicates that about 25% involved elderly individuals, which is comparable to the 24.4% of the population that is over 60 years old, leading FinCEN to conclude that the elderly are not disproportionately targeted. The FBI estimates that in 2024, the U.S. population over 60 lost $4.8 billion to scams. These parks are primarily located in Cambodia, Laos, and Myanmar, and U.S. authorities have seized over $25 million related to the associated scams this year.

According to Digital Asset, the South Korean Financial Services Commission has announced plans to advance a tokenization model for listed stocks centered around the Korea Exchange (KRX), referencing pilot programs from the New York Stock Exchange and NASDAQ. Non-listed stocks will be advanced for tokenization through a trust method.The Financial Services Commission has released a three-phase roadmap for the tokenization of standardized assets. The first phase will launch in February 2027 when the token securities law is implemented, targeting tokenization of private money market funds, private corporate bonds, and non-listed stocks, limited to institutional investors. The second phase will expand the scope to public offerings. The third phase will promote "on-chain settlement," meaning that both securities and settlement methods will complete payments and settlements on the blockchain. The Financial Services Commission stated that on-chain settlement will be officially advanced after stablecoin legislation.

According to Caijing, regarding the investment shares of DeepSeek, some intermediaries in the market have proposed a fee structure of "18% upfront and 35% backend," meaning that investors contributing 100 million yuan must first pay an upfront fee of 18 million yuan, and after receiving returns in the future, they must also share 35%. The report states that even if investors accept the high fees, they cannot guarantee that they will ultimately receive shares.DeepSeek will conduct a thorough identity verification of the investors participating in the financing and the limited partners behind the funds. The relevant investments have a five-year lock-up period during which transfers are not allowed. Except for the National Artificial Intelligence Industry Investment Fund, most external investors do not have voting rights and do not hold board seats, sharing financial returns only according to their investment proportion.At the same time, there are false shares and intermediary chaos surrounding DeepSeek's financing in the market. Some institutions claim to hold large investment shares but ultimately did not make it onto the investment list, and some investors have paid a "meeting fee" of 5 million yuan in an attempt to contact Liang Wenfeng but were unsuccessful.

According to Bitwise CEO monitoring, there are currently 1,328 investors using the ATP. An important aspect of on-chain finance is providing participation opportunities for everyone.

According to Pie Shield citing Specter monitoring, the escrow contract of the fixed-rate lending protocol Notional Finance is suspected to have been attacked, resulting in a loss of approximately $1.7 million in DAI and USDC.The attacker subsequently exchanged the stolen funds for about 689.2 ETH and further deposited the funds into Tornado Cash. Currently, the reasons for the attack and the final scale of the losses are still pending further confirmation from the project team.

According to informed sources, the artificial intelligence company Anthropic PBC is about to finalize the expansion of its revolving credit facility to $15 billion, clearing obstacles for the company's IPO public filing.Morgan Stanley is leading this process, while Goldman Sachs, JPMorgan Chase, and Citigroup are also playing important roles in this credit arrangement. These four banks are also the lead underwriters for the company's IPO.

According to TechCrunch, AI data center developer Crusoe has completed a $3 billion financing round, achieving a valuation of $30 billion, led jointly by Atreides Management and Valor Equity Partners, with participation from Mubadala Capital, a subsidiary of the Abu Dhabi sovereign wealth fund.Crusoe's clients include Meta, Microsoft, and OpenAI, and it recently signed a five-year, $13 billion GPU and AI infrastructure cloud contract with quantitative trading giant Jane Street. This financing comes just 10 months after raising $1.38 billion at a $10 billion valuation last October. Founded in 2018, Crusoe initially utilized stranded natural gas for Bitcoin mining and later transformed into an AI infrastructure and cloud service provider, known for developing ultra-large-scale data center campuses. Axios reported last month that Crusoe has met with investment banks such as Goldman Sachs and Morgan Stanley to discuss a potential IPO in the near future.

The prediction market team trading platform ParlayX announced the completion of a $1.25 million Pre-Seed round of financing, led by Dreamcraft Ventures.ParlayX stated that the prediction market is designed for single-person, single-account trading, and the platform aims to enable teams to trade in prediction markets together.

Uniswap founder Hayden posted on the X platform, stating that correlated trading pairs are forming. The top five tokenized SPY trading pairs by trading volume serve as "bridge" trading pairs connecting other common underlying trading pairs, primarily linking to tokenized stocks with higher correlations. This type of market is characterized by globalization, programmability, low costs, and 24/7 operation.Hayden stated that he has been working on the forefront of DeFi for 9 years and believes that AMM has enormous potential. After years of evolution and development, the path for AMM to achieve global dominance is becoming increasingly clear. Tokenization has changed the existence of markets, market makers, and the objects of market trading. Since its launch, Uniswap has been operating autonomously, with a cumulative trading volume exceeding $4.6 trillion, and has increased the share of spot trading volume on decentralized exchanges from less than 1% to over 20%.As AMMs like Uniswap continue to evolve, their liquidity has formed a pattern that most financial markets have yet to notice: correlated trading pairs. AMMs have found a product-market fit in long-tail markets, as most assets previously could not attract the attention of professional market makers. DeFi and AMM have lowered the barriers to market making, opening the market to more participants. Liquidity will concentrate in the places with the lowest risk, rather than being forced to remain in places constrained by traditional infrastructure.

Stablecoin payment infrastructure startup Diameter Pay has completed a $10 million Series A funding round, co-led by CMT Digital and Lightspeed Faction.Diameter Pay stated that since the beginning of this year, it has processed over $10 billion in payments by helping institutional clients access dollar accounts, payment channels, and stablecoin deposit and withdrawal pathways.

The Office of the Comptroller of the Currency (OCC) has preliminarily approved OpenReserve's application for a national bank charter. The company completed a $25 million seed round of financing in April, led by a16z crypto, with participation from Jump Capital, Acrew, Coinbase Ventures, Clocktower, Quona, and the Middle Eastern venture capital fund AAF Management.OpenReserve is led by fintech executives including Dee Choubey, co-founder of MoneyLion, and is committed to combining traditional banking, blockchain infrastructure, and digital asset services, utilizing digital assets and technology to achieve 24/7 operations. OpenReserve is also applying for Federal Deposit Insurance Corporation (FDIC) insurance and has submitted its application to the FDIC.

According to Businesswire, ProCap Financial, a Bitcoin treasury company owned by Anthony Pompliano, announced that it has sold approximately 50 Bitcoins, with the proceeds used to repurchase over 2% of its outstanding shares at a price that is about 40% below the net asset value (NAV).ProCap Financial stated that since the initiation of the stock repurchase program, the cumulative repurchased shares have accounted for approximately 10% of the outstanding shares, and as of the market close, it still holds about 5,305 Bitcoins, and will continue to assess opportunities for stock repurchases when the share price is significantly discounted to NAV.