- Payment giant Stripe completes a $6.5 billion Series I financing round with a valuation of $50 billion, Primary investors include existing Stripe shareholders—Andreessen Horowitz, Baillie Gifford, and others.
- Offshore RMB stablecoin issuer CNHC Group raises $10 million in Series A+ financing, led by KuCoin Ventures.
- Archblock, the issuer of TUSD, transfers $1 billion in reserves to a bank in the Bahamas.
- Bankruptcy judge Michael Wiles denies the U.S. government’s request to halt Binance.US’s $1 billion acquisition of Voyager.
- Euler Finance announces on Twitter that the Euler Foundation is offering a $1 million reward for information helpful to the arrest of hackers and the return of stolen funds.
- Uniswap has officially launched on the BNB Chain, with current TVL on Uniswap on BNB Chain around $3.7 million, according to the official website.
- A16z will continue to work with Silicon Valley Bank, but is also developing a longer-term diversity plan.
- USDT’s stablecoin market share reaches 56.4%, a new 18-month high.
- Ark Invest raises $16.3 million for its new cryptocurrency fund, which has both domestic and Cayman Islands versions.
- The total number of Bitcoin addresses has exceeded 1.1 billion.
- South Korean authorities expand cooperation with overseas institutions and seek to extradite six individuals, including Do Kwon.
- Chinese search engine Baidu (9888.HK) officially launches its large language model “Ernie Bot”, with its stock price falling by 6% after the press conference.