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first_img The financial AI platform Oro has completed a strategic financing of $3 million, led jointly by MH Ventures and Mapleblock Capital

The financial AI platform Oro, which transforms complex user intentions into multi-step executions, announced the completion of a $3 million strategic financing round, led jointly by MH Ventures and Mapleblock Capital, with participation from M2M Capital, Archer Capital, and X21 Digital. Disrupt.com and ZIGLabs provide subsequent strategic support, bringing the total financing amount to $4 million. The funds will be used to advance core AI and agent research and development (including the proprietary Shield Engine and natural language execution stack), global market and user acquisition, build a self-hosted compliance framework with policy constraints, and expand engineering, AI research, and enterprise B2B teams.Oro converts natural language prompts into multi-step transaction paths in a non-custodial, user-signature manner. The official disclosure states that there are already over 350,000 independent active users, supporting more than 80 languages, and has completed mainnet integrations with Morpho, Kamino, Lido, Aave, Uniswap, Raydium, etc.; the activities with Ondo Finance saw over 50,000 verifications completed on the first day of launch. The company's goal is to reach 10 million active users in the next 6 to 12 months, launch native iOS and Android applications, and expand integration as a B2B and B2C intent routing layer.

eToro plans to acquire the American online brokerage TradeZero for up to $231 million

According to The Block, Nasdaq-listed trading investment platform eToro has agreed to acquire the American online brokerage TradeZero, with a transaction value of up to $231 million. This acquisition is an important step for eToro to expand its presence in the U.S. market and strengthen its services for active traders. ReutersThe announcement of the acquisition was released simultaneously with eToro's financial report for the second quarter of 2026. The report shows that eToro continued to achieve profit growth in the second quarter, with net contribution increasing by 9% year-on-year to $229 million, mainly driven by enhanced stock trading activity.Founded in 2015, TradeZero primarily serves active traders in the U.S. and operates in Canada and other international markets. eToro stated that after acquiring TradeZero, it will further expand its retail customer base in the U.S. and gain a stronger brokerage infrastructure, accelerating the launch of new products in the U.S. market. ReutersIn recent years, eToro has continuously strengthened its layout in digital assets and on-chain finance. The company previously acquired the self-custody crypto wallet service provider Zengo to enhance its digital asset capabilities and explore the integration of traditional finance with the on-chain economy. eToro's acquisition of TradeZero reflects its strategic direction in building a comprehensive financial ecosystem between stock trading, crypto assets, and multi-asset investment platforms. It is reported that the TradeZero transaction is expected to be completed in the first half of 2027.

eToro Q2 financial report: Trading volume decreased by 73% year-on-year, cryptocurrency business under pressure

According to GlobeNewswire, eToro released its Q2 2026 financial report, showing a significant cooling in its digital asset business at the trading level, but the company continues to advance the infrastructure construction of on-chain finance.In terms of trading data, eToro's cryptocurrency trading volume in July was 1.4 million transactions, a year-on-year decrease of 73%; the average investment amount per cryptocurrency transaction was $182, a year-on-year decline of 50%. The revenue related to cryptocurrency assets in Q2 was $1.346 billion, down from $1.915 billion in the same period of 2025. Despite the decline in cryptocurrency business revenue, the company's overall net profit still grew by 77% year-on-year to $53.48 million.In terms of cryptocurrency strategic layout, eToro completed the acquisition of the digital asset self-custody platform Zengo and the Israeli cryptocurrency trading platform Bit2C in Q2 to strengthen its self-custody service capabilities and promote the integration of traditional finance with the on-chain economy. At the same time, the company also made a strategic investment in the on-chain perpetual contract platform Extended and became a founding partner of the Open USD stablecoin ecosystem alliance, further increasing its investment in on-chain trading and stablecoin infrastructure.As of the end of Q2, eToro's held cryptocurrency assets amounted to $49.95 million, down from $62.61 million at the end of 2025.
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