infrastructure

On June 24, the "ETH Summer 2026 Ethereum Summer" Kuala Lumpur event, jointly hosted by Synbo Protocol, ETHPanda, and LXDAO, successfully concluded in Kuala Lumpur, Malaysia. This event focused on the discussion of "In the era of Web3 applications, how far are we from ordinary users?" and attracted builders from wallets, security, communities, infrastructure, and industry research institutions to participate.During the event, attendees shared and exchanged ideas on topics such as on-chain primary markets, market infrastructure, Web3 development in Southeast Asia, community growth, and real-world application implementation. The organizer, Synbo, stated that they hope to promote Web3 from infrastructure development to more authentic user scenarios by connecting developers, entrepreneurs, communities, and capital.

According to Cointelegraph, cryptocurrency infrastructure company BitGo Holdings announced layoffs of about 15%. BitGo co-founder and CEO Mike Belshe stated that this move aims to optimize team structure and focus resources on core areas such as security, trading, stablecoins, settlement, and AI-driven infrastructure.According to data disclosed in BitGo's annual report (with a total of 603 full-time employees by the end of 2025), this round of layoffs may involve about 90 people. Belshe described this as a "one-time adjustment" and does not expect further job cuts in the future. Affected by related news and the overall downturn in the cryptocurrency market, BitGo's stock price (BTGO) fell 4.67% to $4.80 on Thursday, down nearly 73% from its issuance price of $18 when it went public in January this year.

According to WEEX TradFi data, the US stock market has been fluctuating recently, with funds continuously focusing on AI infrastructure-related directions, among which the AI power and energy sector has shown strong performance. Among them, Eaton (ETNON, a leader in data center power management) rose by 3.15%, Vistra (VSTON, an AI power and generation company) rose by 2.22%, and GE Vernova (GEVON, a leader in grid equipment and generation facilities) rose by 1.65%. WEEX Labs believes that the expansion of AI computing power continues to increase the power demand of data centers, and power management and energy infrastructure are becoming important supporting links in the AI industry chain, with increasing attention on related assets.

According to PR Newswire, the AI Agent infrastructure project Orthogonal announced the completion of a $4.3 million seed round financing, led by Pantera Capital, with participation from Y Combinator, Pioneer Fund, Decasonic, Blast, Outbound, Surreal, and others.Orthogonal positions itself as the underlying infrastructure for internet discovery, orchestration, and payment aimed at AI agents, providing a full suite of capabilities for service retrieval, cross-tool task automation, and on-chain instant payments.It is reported that the funds raised in this round will be used for core platform iterative development, expanding the engineering and marketing teams, continuously increasing the scale of platform developers, and improving the interconnectivity ecosystem for AI agents.

According to PR Newswire, AI Agent infrastructure company Sail Research announced the completion of $80 million in seed and Series A financing, led by Kleiner Perkins and Sequoia Capital, with participation from Redpoint Ventures, CRV, Theory Ventures, and others.Sail Research focuses on building infrastructure for AI Agents, aiming to address the computational power, cost, and operational limitations of current artificial intelligence systems in long-duration, multi-step tasks. Its API is compatible with OpenAI interfaces and supports mainstream open-source models such as DeepSeek and Gemma.

According to PR Newswire, AI infrastructure company Neurometric AI announced the completion of a $4 million financing round, with participation from Betaworks, ex-Ante, Everywhere.vc, and others.The company disclosed that it has officially launched an automated Token engineering platform to optimize the cost and performance management of AI Agent workloads, and the new funds will be used to expand the engineering and AI research teams.

Amazon announced plans to invest an additional $13 billion to expand its AI and cloud computing infrastructure in India. Combined with its previously announced $35 billion investment plan in 2025, Amazon's total investment in India will reach $48 billion from 2026 to 2030.It is reported that the new funding will focus on expanding the capacity of AWS data centers located in Mumbai and Hyderabad, providing customized AI chips, AI hosting services, and reliable cloud technology support for local startups, enterprises, and government agencies. In addition, Amazon plans to add more than 20 operational centers and over 100 distribution stations across India this year to deepen its e-commerce and logistics business layout. It is expected that by 2030, Amazon's cumulative total investment in India will exceed $88 billion.

Decentralized trading platform AvoDex announced a strategic partnership with crypto financial infrastructure SFI.It is reported that AvoDex is a Perp DEX natively integrated with AI Agent, primarily providing services such as perpetual contracts, spot trading, and AI strategy tools; while SFI is committed to building financial infrastructure that connects digital assets with real-world payments. In the future, both parties will combine AvoDex's on-chain trading infrastructure with SFI's real-world payment applications to create a more complete on-chain experience for users.

Animoca Brands announced on the X platform that the company has made a strategic investment in the stablecoin payment infrastructure provider AllScale, with the specific amount undisclosed. Animoca Brands stated that in addition to the investment, both parties will also explore collaboration opportunities to support global payment flows and emerging agency commerce use cases within its ecosystem.

Blockchain data infrastructure startup Cambrian has completed a $6 million seed round financing, led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, Paper Ventures, Nomad Capital, and others.Cambrian also previously secured $5.9 million in pre-seed financing led by a16z Crypto Startup Accelerator, bringing the total funding to $11.9 million. It is reported that Cambrian was established in 2024 and currently provides APIs for institutions and AI Agents, covering real-time and historical on-chain data such as yield, risk, lending rates, trading activity, liquidity positions, and market sentiment, helping users allocate capital on-chain.The company plans to expand its existing APIs into a verifiable blockchain data oracle network, serving institutional financial clients, AI Agent builders, and protocols that need reliable data to control the flow of funds. Unlike traditional oracles that mainly provide price data, Cambrian aims to aggregate lending protocol data, DEX liquidity, social sentiment, developer activity, and historical market data.According to Cambrian, its platform has processed millions of API calls, currently indexing approximately $4.5 billion TVL across four major lending protocols, tracking 1,789 vaults under 895 curators, and monitoring over 320,000 DEX liquidity pools on Base and Solana. The company also plans to expand trading data support, adding Hyperliquid and richer perpetual contract data.

According to official news, the computing power market infrastructure company Ornn announced the completion of a $33 million seed round financing, led by a16z Crypto, with participation from Galaxy Ventures, Nordstar, and SV Angel, while Vine Ventures, Crucible Capital, Link Ventures, and Box Group continue to support.Ornn stated that a mature commodity market first requires reliable pricing data, which leads to price discovery, and price discovery then supports risk transfer, which in turn enables more efficient capacity allocation. The OCPI it launched is a transaction-based computing power index aimed at providing a unified and trustworthy price benchmark for settlement in the computing power market. Partners like ICE can promote risk transfer by directly referencing OCPI's futures and options contracts.Additionally, Ornn announced the launch of Ornn Compute, a physical capacity layer for the computing power market that can aggregate dedicated GPU capacity from multiple neoclouds onto a single platform, providing a unified access process, a secondary transfer market, and on-demand subleasing capabilities. Operators can obtain diversified demand from multiple tenants through a single underwriting contract, while buyers can view the sites, hardware configurations, and terms of the reserved clusters. This platform will make dedicated GPU capacity a liquid asset and allow previously idle capacity to be utilized.

According to FinanceFeeds, Hyperscale Data has signed its first master service agreement to provide 20 megawatts of AI computing power at its data center campus in Michigan, with the contract potentially generating over $1.2 billion in revenue over its entire term.The 20 megawatts of critical AI computing power covered by the agreement is expected to be operational by the fourth quarter of 2026. The initial term of the agreement is 10 years, with two 5-year extension options, and if the maximum term is exercised, it is expected to generate over $1.2 billion in revenue.Currently, the campus still operates approximately 28 megawatts of Bitcoin mining capacity, and the company expects to allocate more share to AI. As of June 21, Hyperscale Data holds 726.94 Bitcoins through Sentinum and Ault Capital Group, valued at approximately $45.9 million.

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.

According to the latest weekly report from Gate Ventures, market risk appetite continues to be under pressure, and the overall cryptocurrency market is experiencing a pullback. BTC fell 3.7% over the week, ETH fell 1.2%, and the total market capitalization of cryptocurrencies declined by 3.1%, with the Fear and Greed Index remaining in the "Extreme Fear" range. In terms of capital flow, digital asset investment products continued to see net outflows, with the spot BTC ETF experiencing a net outflow of $226.8 million in a single week, and the spot ETH ETF seeing a net outflow of $10 million, reflecting ongoing market hesitation. Meanwhile, STRC under Strategy has traded below par for the fifth consecutive week, and the market continues to pay attention to its subsequent capital operations and yield adjustment space.In terms of industry development, stablecoin payments and RWA infrastructure construction are being continuously advanced. Trace Finance has completed $32 million in financing to expand its compliant stablecoin payment network and cross-border settlement infrastructure; Philippine regulators have released positive signals supporting the development of RWA tokenization, with related explorations further deepening. In terms of investment and financing, four financing transactions were disclosed last week, with a total financing amount of $39.5 million, of which the DeFi sector accounted for the majority. Overall, although the market is still in a correction phase in the short term, stablecoin payments, RWA, and underlying infrastructure construction remain important directions of ongoing industry focus.

According to Bloomberg, the Abu Dhabi investment platform MGX has recently raised nearly $50 billion from Middle Eastern sovereign wealth funds, global pension funds, and large institutional investors to accelerate investments in artificial intelligence infrastructure and related technology projects.Insiders say that this round of funding will primarily support MGX's large-scale expenditures on computing power, data centers, and AI technology layout, in order to promote its investment pace and scale in the regional and global AI industry chain.

In two proof-of-concept projects completed by the Ethereum infrastructure team Nethermind and UBS, both parties demonstrated that regulated banks and asset management institutions can achieve strong compliance control on public, permissionless networks without modifying the Ethereum protocol itself.In this project on the Ethereum Sepolia testnet, the team built and validated a node that can impose custom compliance rules on external transactions, as well as a component that routes approved transaction bundles to specific block builders, without involving real fund transactions throughout the process.

According to a report by The Information, the confidential IPO registration draft submitted by OpenAI shows that as of the end of March 2026, OpenAI's balance sheet exhibits "light asset" characteristics, with zero debt on the books and capital expenditures of only $46 million in the first quarter. However, in reality, the company has placed substantial infrastructure expenditures off the books, with future procurement commitments in chips, energy, and data centers reaching up to $665 billion. Financial data indicates that OpenAI's actual net loss in the first quarter was approximately $8.5 billion, with revenue costs amounting to $3.5 billion.Additionally, OpenAI demonstrates a very high characteristic of related-party funding cycles. In the first quarter, 72% of its revenue costs and 45% of total expenditures flowed to related parties (expected to be primarily Microsoft), and it directly used $488 million in equity to settle part of its computing power bills. In the data center joint venture project within its consolidated financial statements, nearly $5 billion in book losses is accounted for as belonging to external partners. The documents also reveal that its main competitor, Anthropic, is similarly engaging in large-scale off-balance-sheet expansion, including $4.5 billion in data center service commitments and $35 billion in chip leasing orders.

Du Jun from ABCDE Lianchuang stated that over the years of twists and turns, the crypto field has returned to the payment narrative in the Bitcoin white paper. He will continue to invest in the crypto field and still believes that blockchain will eventually reconstruct financial infrastructure.

Members of the management team of the Ethereum Foundation (EF) and CSA Operator Aerugo published a systematic explanation of EF's mission. Aerugo stated that EF's core mission is to ensure that Ethereum becomes and continues to be a truly permissionless sovereign infrastructure: censorship-resistant, capture-resistant, open-source, private, and secure, capable of supporting large-scale trustless coordination.He emphasized that EF's focus is on eliminating extraction and capture risks that may arise at the protocol layer of Ethereum, particularly the two core challenges of MEV (Maximum Extractable Value) issues and the lack of default privacy. Aerugo described MEV as "the main battleground of the next cypherpunk war," and pointed out that "a public ledger without serious default privacy is a monitoring infrastructure with settlement guarantees."In addition, EF will move some of its work out of the foundation through spin-offs in the future, but will maintain strict standards for external funding. The recent departure of some personnel is part of normal organizational adjustments, and EF will handle it in a dignified manner without making personnel issues public.

According to Techstartups, AI infrastructure startup Upscale AI announced the completion of a new round of financing totaling $190 million, with investors including NVIDIA and Salesforce Ventures. After this round of financing, the company's valuation reached $2 billion.This round of financing is part of its Series A extension, bringing Upscale AI's total financing to $500 million, led by Premji Invest, with new investors such as Temasek and Seligman Ventures participating, while existing shareholders including Maverick Silicon, Mayfield, Prosperity7 Ventures, StepStone Group, and Tiger Global continue to invest.Upscale AI focuses on building network infrastructure for large-scale AI clusters, attempting to solve the "computing power interconnection bottleneck" problem in AI training and inference. The company is developing a full-stack AI network architecture covering chips, systems, and software, aiming to create an open standard network interconnection solution suitable for large-scale AI workloads.The company stated that as the scale of AI clusters continues to expand, network performance is becoming a key limiting factor affecting GPU utilization and training efficiency. Inefficient interconnection can directly lead to wasted computing power and increased training costs. Currently, Upscale AI has begun collaborations with several hyperscale cloud providers and "new cloud" infrastructure providers for evaluation and deployment, but has not disclosed specific client information.Analysts point out that investment in AI infrastructure is spreading from the model layer to the underlying hardware and network layers, with network interconnection becoming one of the most关注的 key infrastructure tracks following GPUs.