labs

Cryptocurrency financial and tax solutions provider FinTax announced the completion of its seed round financing, led by YZi Labs, with participation from Amber, Hash House, Pundi AI, Waverider International, and Nexus Holdings, resulting in a post-investment valuation of $40 million. Previous round investors include Victory Courage, BGIN, Tools Factory, and individual investor Fan Chao.In recent years, YZi Labs has been continuously investing in stablecoins, RWA, payment, and institutional-level digital asset infrastructure. Leveraging FinTax's expertise in on-chain data processing, crypto accounting, cross-jurisdictional tax practices, and crypto asset financial auditing, both parties will explore long-term ecological collaboration around institutional-level financial and tax infrastructure, compliance standards, and emerging scenarios such as stablecoins, RWA, and payments.Following this round of financing, FinTax will accelerate the scaling of its five product lines, expanding its business from the Asia-Pacific and North American markets to Europe and the Middle East, and deepening the application of AI in complex financial and tax scenarios. FinTax will continue to promote the dual iteration of blockchain and legal systems across dozens of jurisdictions, enabling on-chain economic activities to connect with the real-world financial and tax systems.

The Sui development team co-founder of Mysten Labs, Kostas Kryptos, stated that Havenex is undergoing Series A financing and is about to complete it. All necessary license applications and some additional license applications have been submitted, and the financing amount is also close to being fully allocated.Havenex is not positioned to become another Coinbase, Binance, Bybit, or Kraken, but rather to provide infrastructure for financial institutions, enabling them to offer digital assets and traditional financial assets to clients while meeting regulatory, custody, security, and transparency requirements. Havenex plans to support a multi-chain architecture, verifiable custody, continuous solvency proof, default multi-signature, quantum-resistant keys, hardware two-factor authentication wallets, as well as self-custody and key loss protection mechanisms; in regions where regulations allow, it will also support privacy assets and RWA. The project will use Sui technology in suitable scenarios while integrating assets, bridging protocols, and foundational components from other ecosystems.The concept of Havenex was proposed by him, and he will currently participate as an advisor, but Mysten Labs and Sui remain his main focus. He stated that the project aims to establish transparency and security standards different from those of FTX and Mt. Gox, and to reduce the serious vulnerability risks caused by code generated by large language models recently.

Flop Labs announced the FLOP token economics draft, with no VC allocation, no presale, and airdrops aimed at miners, validators, agents, and early community participants.According to the draft chart, the total supply of tokens is expected to reach 17.2 billion in the 10th year, with a terminal year inflation rate of 0.6%; in the total supply distribution, miners account for the highest proportion at 51.2% (8.8 billion), airdrops account for 20.4% (3.5 billion, subdivided into miners, validators, agents, and reserve incentives), the team and foundation account for 11.4% (2 billion), validators and brokers/agents each account for 6.8% (1.2 billion each), and staking rewards account for 3.4% (600 million).Flop Labs stated that an AMA hosted by Arthur Hayes (CryptoHayes) will be held next week on X Spaces/YouTube to announce more details. The project team emphasized that the above token economics data is all draft and specific details may change.

According to Techcrunch, AI Agent testing infrastructure startup Arga Labs announced the completion of a $10 million seed round financing, led by General Catalyst, with participation from institutions such as BoxGroup, Emergence Capital, Gradient Ventures, and SV Angel.The company aims to address the challenges of testing, training, and adapting complex business systems during the deployment of enterprise-level AI Agents by creating a complete digital twin environment for enterprise software, replicating permission systems, Webhooks, and system interaction logic, allowing AI Agents to train in an environment close to real work.

Amazon officially announced that it has signed a definitive agreement to acquire the data infrastructure company DuckLabs. The transaction is expected to be completed after meeting customary closing conditions. Upon completion of the acquisition, the DuckLabs team will join Amazon Web Services (AWS). DuckLabs is the development company behind the open-source analytical database DuckDB.AWS stated that both parties have been collaborating since 2024, and this acquisition aims to combine DuckLabs' technical capabilities in database engineering to further enhance the speed, usability, and cost efficiency of AWS data analytics services. DuckDB co-founders Hannes Mühleisen and Mark Raasveldt will continue to lead the team after joining AWS and will be responsible for the technical development direction of the open-source project. Amazon emphasized that this transaction does not include the acquisition of the DuckDB open-source project itself; DuckDB will continue to be maintained by the independent DuckDB Foundation and will remain freely available under the MIT license. Amazon stated that the DuckDB user experience will not change before and after the transaction, and the project will continue to operate as open source. In the future, AWS will further announce specific plans for the integration of DuckLabs with AWS business.

On August 26, according to WEEX TradFi market data, the nuclear energy and AI power sectors strengthened. Among them, OKLO rose 11.08% in 24 hours, URA rose 5.62%, and IREN rose 5.18%. In addition, NVDA rose 2% in 24 hours, with the market focusing on today's earnings report performance. Overall, the market's main line is a crossover of growth and energy security. WEEX Labs reminds that related assets are affected by policies and orders, and short-term fluctuations may be amplified. Currently, WEEX has launched stock token trading with a 0 fee rate.

Alloco was founded by a team with a quantitative background, and the core team has over $1 billion in institutional asset management experience. The platform packages institutional-level trading strategies into on-chain fund products, covering hedge fund strategies, thematic asset baskets, and tokenized Pre-IPO products, with the first batch of products set to launch soon.This round of funding will be used for product development, compliance framework construction, and market expansion.

YZi Labs announced that its flagship incubation program EASY Residency has selected 24 early-stage companies for its fourth season, with each receiving an investment of $500,000. This season lasts for 10 weeks, starting online and then bringing founders together in Bhutan. The focus this season is on the next generation of global financial infrastructure, covering areas such as stablecoin payments, on-chain foreign exchange, institutional-grade market infrastructure, privacy, credit, and AI-native execution.The themes of the selected teams include stablecoin payments and cross-border settlement, on-chain foreign exchange and credit and new banking, institutional-grade liquidity and market making, digital asset privacy compliance and financial operations, AI agents and automated execution, on-chain financial consumption and enterprise interfaces, as well as AI-native security and creator infrastructure. YZi Labs manages assets exceeding $10 billion, with a portfolio covering over 300 projects in fields such as Web3, AI, and biotechnology.

The engineering collective Shipyard, focused on IPFS and libp2p technologies, announced that Protocol Labs will not renew its funding. As a result, Shipyard will gradually cease its engineering, maintenance, and infrastructure operations related to IPFS, with a final deadline of September 30, 2026.Shipyard stated that several core projects it maintains (including Kubo, Helia, Boxo, Rainbow, IPFS Desktop, etc.) will no longer have dedicated maintainers responsible for new features, fixes, and releases; contributions to go-libp2p and js-libp2p will stop; and the public infrastructure it operates (such as ipfs.io, dweb.link, IPFS bootstrap nodes, etc.) will also cease, with the future of related domains and infrastructure to be determined by Protocol Labs. The team will assist with the transition before the end of September.

According to monitoring by PeckShield, the Term Labs attacker's address deposited 300 ETH into Tornado Cash, worth approximately $741,000.

DeFi protocol Term Labs updates on the progress of the attack incident, disclosing that the affected entity is the Term Vault governance mechanism, rather than the underlying Term protocol and its direct lending market. All Meta Vaults have now been closed and DAO governance permissions revoked to prevent further inflow of funds. This closure operation is irreversible and will permanently block new deposits.Currently, the withdrawal function remains open, and they are working with external security teams to conduct repairs and recovery. If a funding gap is ultimately confirmed, corresponding solutions will be explored. Term Labs reminds users to pay attention only to information released by official accounts and to be wary of impersonators and fraud. Previously, it was reported that Term Labs suffered a governance attack resulting in losses of approximately $8.5 million.

According to CertiK monitoring, Term Labs suffered a governance attack, resulting in a loss of approximately 8.5 million dollars in assets. Currently, the attacker's address holds 2,843 ETH (approximately 7.1 million dollars) and about 1.6 million DAI.

BitMEX co-founder Arthur Hayes clarified in a post that Flop Labs has not issued any tokens, there is no presale, and there is no memecoin. Currently, there is no $FLOP token.Hayes stated that he will personally inform when the airdrop starts in a few months and will provide updates when the mainnet goes live next year.

According to The Block, TRM Labs' latest report shows that the application of artificial intelligence in crypto crime has increased by 40% year-on-year over the past year, primarily driven by fraud activities. The report states that crypto hackers are increasingly using artificial intelligence for vulnerability analysis, social engineering attacks, and penetration.In the first half of 2026, there were 201 digital asset hacking incidents, a record high, with approximately 75% of the losses stemming from 4% of the incidents. North Korea-related activities caused about $600 million in losses, accounting for 61% of the losses in the first half of the year. TRM Labs stated that artificial intelligence has not created new types of crime but has significantly lowered the barriers to crime and expanded the scale of attacks.

On August 20, Binji Pande, a member of the Ethereum Foundation, tweeted that he will join the nonprofit Ethereum development lab Ethlabs as a founding member to promote the development of Ethereum.

Arthur Hayes published an article "The Book of Genesis," using mythological narrative to explain the core concepts and tokenomics of his AI/crypto project Flop Labs. He pointed out that the current AI market lacks a unified pricing standard for computing power, with different models defining and pricing "tokens" differently.Hayes proposed building a decentralized computing power network Flop Network, with FLOP as the native token, representing a direct claim to computing power (FLOPs), allowing AI agents and humans to trade at a globally unified price per computing power. The FLOP token economy adopts a fair launch model, with the team self-funding and no pre-sale. Miners earn FLOP block rewards and inference fees by providing "Proof of Useful Inference" (PoUI), and AI agents can use $FLOP to purchase computing power ("food") and combine it with decentralized storage to achieve persistent memory ("personality"). Testnet participants will receive about 20% of the token supply (distributed over ten years). Hayes stated that if the AI agent economy predictions come true, the value of Flop Network could far exceed that of Bitcoin.

Tether Gold announced at 18:00 Beijing time on August 19 that XAUt is now officially launched on Unitas Labs, and the integration has been completed. This launch marks the first time on-chain gold has gained native yield capabilities.Users deposit XAUt and receive XGLD at a 1:1 ratio. After entering the protocol, XAUt serves as collateral, allowing stablecoins to be borrowed through leading centralized exchanges or compliant lending parties, which are then invested in Delta neutral strategies to capture funding rate returns. The gold allocation remains unchanged, only adding yield attributes; upon exit, XGLD is destroyed through the Redemption Contract to retrieve XAUt, with no mandatory lock-up.Tether Gold is the most liquid tokenized gold asset, with each XAUt backed 1:1 by physical gold in Swiss vaults. Unitas Labs is an on-chain asset management protocol deployed on the BNB Smart Chain, focusing on providing yield layer infrastructure for physical assets. This integration is a key step for tokenized gold from "on-chain holding" to "on-chain financial applications."

Avalanche development company Ava Labs CEO Emin Gün Sirer announced a leadership adjustment. Charley Cooper has been appointed as the President of Ava Labs, who will drive the transformation of technological foundations into broader global adoption through operational discipline, regulatory experience, and institutional perspective. Former President John Wu has transitioned to Senior Advisor, where his judgment, connections, and business knowledge will continue to play a role.Lydia, who previously served in an interim capacity, has been officially appointed as Chief Financial Officer. Emin Gün Sirer stated that his CEO responsibilities remain unchanged, and he will continue to lead Ava Labs' long-term vision, ensuring that Avalanche becomes an advanced and reliable platform for developers, institutions, and enterprises. He pointed out that the company already possesses the technology, team, and opportunities, with the next focus on execution.

BitMEX co-founder Arthur Hayes announced his "comeback" as the head of Flop Labs, launching the token FLOP aimed at AI Agents, positioned as "fuel for AI agents."Hayes stated that FLOP will adopt a distribution model with no presale, no venture capital involvement, and a 100% fair launch. The project team expects to conduct a large-scale airdrop in the fourth quarter of this year and to initiate the genesis block in the first quarter of 2027.