News

Kite AI, a company focused on cutting-edge technological development, has successfully closed an **$18 million Series A funding round**, with **PayPal Ventures** leading the investment. This significant capital injection is earmarked to advance Kite AI's ambitious goal of constructing a robust **decentralized infrastructure for AI agents within the burgeoning web3 ecosystem**. The latest funding brings Kite AI's total capital raised to **$33 million**, signaling strong investor confidence in its vision.

The Ether Machine, an enterprise focused on the Ethereum ecosystem, has successfully concluded a significant private financing round, raising $654 million. This substantial capital infusion, provided by investor Jeffrey Berns, is a pivotal step as the firm prepares for a public listing on Nasdaq, leveraging its considerable assets of over 495,000 ETH. The move highlights growing institutional interest and confidence in companies leveraging major cryptocurrencies.

A user of the decentralized finance (DeFi) lending platform Venus Protocol has reportedly lost approximately $27 million due to a sophisticated phishing attack. In response, Venus Protocol temporarily halted its platform operations to conduct comprehensive security reviews, though it clarified that the substantial loss was not a result of any inherent vulnerability within its core smart contracts.

Bitcoin has recently demonstrated a notable price recovery, successfully re-establishing its position above the $110,000 mark. However, this upward movement appears to be met with considerable market skepticism. Despite the nominal rebound, an in-depth analysis of various metrics suggests that the overall sentiment remains profoundly fragile, with market participants largely refraining from aggressive risk-on maneuvers.

Starknet, a prominent Ethereum Layer 2 scaling solution, recently experienced its second significant mainnet outage within a two-month period. The incident, attributed to a sequencer failure, brought the network's block production to a halt for approximately three hours. This disruption compelled users to resubmit their transactions, reigniting concerns over the network's operational stability and overall reliability.

Andrew Tate, a prominent public figure, has reportedly initiated a new long position on the WLFI token via the Hyperliquid decentralized exchange. This latest move marks a renewed engagement with the asset, coming despite his prior unsuccessful ventures that have contributed to a significant personal trading deficit.

A distinctive market signal, historically linked to significant Bitcoin price bottoms, has recently emerged, driven by the collective activity of the cryptocurrency's short-term holders. This particular indicator has been observed only twice in the past year, precisely coinciding with crucial market reversal points that marked long-term price floors for BTC. Its re-emergence now suggests a potential inflection point for the digital asset.

Japanese investment firm Metaplanet has initiated significant corporate governance changes, including an expansion of its share capital and the introduction of a dual-class stock structure. These strategic maneuvers are designed to fortify the company's long-term commitment to its Bitcoin accumulation plan, which has reportedly set an ambitious target of $3.7 billion.

Decentralized exchange (DEX) Bunni has announced a temporary pause on all its smart contracts after experiencing a significant exploit that resulted in the loss of approximately $2.4 million in stablecoins. The breach, which was identified earlier today, exploited a critical vulnerability within the platform's proprietary liquidity management logic.