Blockchain startup Subzero Labs has secured $20 million in seed funding led by Pantera Capital, with participation from Variant, Coinbase Ventures, and Susquehanna's crypto arm. The company is developing the Rialo blockchain for real-world scenarios, aiming to break through the current limitations of crypto technology, which primarily serves financial speculation. Co-founder Ade Adepoju, a former Mysten Labs engineer who also worked on the Sui blockchain, aims to provide non-crypto developers with a native solution for integrating external data (such as FICO credit scores) on-chain, without relying on oracles. The team currently has 20 members, and the funding includes equity and token subscription rights. The specific valuation was not disclosed. (Fortune)

According to Odaily Planet Daily, Base ecosystem derivatives exchange Avantis has officially reposted a lengthy article from the Avantis Foundation on the X platform, reiterating that the foundation's primary mission is to ensure protocol development and security, community governance and transparency, and ecosystem growth and innovation, suggesting a token issuance is imminent. Earlier news reported that Avantis, a derivatives exchange based on the Base ecosystem, completed an $8 million Series A financing round, led by Founders Fund and Pantera Capital, with participation from Symbolic Capital, SALT Fund, and Flowdesk.

According to Odaily Planet Daily, Nasdaq-listed ZOOZ Power announced a $180 million PIPE placement to launch its Bitcoin reserve treasury. The company plans to sell 180 million shares of the company's common stock and prepaid warrants at $1 per share. Pantera Capital, FalconX, Arrington Capital, UTXO Management, ATW Partners, and renowned Israeli investor Alex Rabinovitch participated in the investment. (Globenewswire)

Odaily Planet Daily News CEA Industries and 10 X Capital announced a $500 million private placement with the support of YZi Labs to establish the BNB Treasury. It is reported that the two institutions will expand the scale of PIPE issuance. It is reported that more than 140 subscribers participated in this issuance. In addition to YZi Labs, there are Pantera Capital, Arche Capital, GSR, Borderless, Arrington Capital, Blockchain.com, Hypersphere Capital, Kenetic and other institutions. (Streetinsider)

Odaily Planet Daily News: The founder of Pantera Capital said in an interview that investors should pay attention to blockchain projects other than Bitcoin, and pointed out that "just like there are more than one Internet company, the blockchain ecosystem should not be limited to Bitcoin." He emphasized that blockchains such as Ethereum and Solana have significant advantages in speed, programmability and transaction costs. At the same time, he is optimistic about the development prospects of stablecoins, and believes that with the entry of banks and technology giants, stablecoins may drive the industry towards wider adoption. (Fortune)

Odaily News According to official news, The Ether Machine will merge with Dynamix Corporation (NASDAQ: DYNX) through The Ether Reserve, LLC entity, and the merged entity will be listed on the Nasdaq with the stock code "ETHM". The company is expected to start with more than 400,000 ETH, with the main funding from Andrew Keys, an early member of Consensys and founder of the Enterprise Ethereum Alliance (EEA), contributing approximately $645 million (169,984 ETH) as core support, and more than $800 million in common stock financing from top institutions, native cryptocurrencies and strategic investors such as 1Roundtable Partners / 10T Holdings, Archetype, Blockchain.com, cyber•Fund, Electric Capital, Kraken and Pantera Capital. The transaction is expected to generate more than $1.6 billion in gross revenue, including more than $1.5 billion in fully committed financing and up to $170 million in cash, which will be deposited in Dynamix's trust account, and may become the largest public ETH output company. The Ether Machine and DYNX boards of directors have unanimously approved the proposed business combination, which is expected to close in the fourth quarter of 2025, subject to stockholder approval and other customary closing conditions.

Odaily News Nasdaq-listed Sonnet BioTherapeutics announced that it will merge with Rorschach I LLC to form Hyperliquid Strategies and launch a crypto treasury strategy. The new entity will be renamed Hyperliquid Strategies and is expected to hold 12.6 million HYPE tokens and $305 million in cash, with a total valuation of approximately $888 million. Rorschach I LLC was jointly established by Atlas Merchant Capital and Paradigm Operations and other sponsors. After the merger is completed, Hyperliquid Strategies will continue to be listed on Nasdaq and become a publicly traded company focused on crypto asset management, and the stock code will also be changed. The transaction was supported by institutions such as Paradigm, Galaxy Digital, Pantera Capital, D1 Capital, Republic Digital and 683 Capital. (The Block)

Odaily News OKX Wallet has launched the RCADE Trading Arena, which will be held from 21:30 on July 9, 2025 to 21:30 on July 16, 2025 (UTC+8). During the event, users who complete designated trading, invitation and sharing tasks will have the opportunity to receive rewards. The top 2,000 users in terms of trading volume will each receive 18,000 NODE tokens as a reward. The total prize pool for the event is 60 million RCADE tokens. OKX Wallet is the world's leading one-stop Web3 portal, covering more than 130 mainstream public chains. RCADE Network Game is a game ecosystem based on Abritrum. Investors include Pantera Capital, Animoca, Rockstar founder Dan Houser, etc.

Odaily News Bitget's current Launchpool project RCADE Network (RCADE) is now open for investment. Locking BGB will unlock 103,200,000 RCADE. The upper limit for ordinary users is 5,000 BGB, and the upper limit for VIP users is 50,000 BGB. The lock-up deadline is July 12, 21:00 (UTC+8). RCADE Network is a blockchain game publisher and developer built on high-performance blockchain infrastructure and has received $13.5 million in funding from top institutions such as Pantera Capital and Animoca Brands.

Odaily News ReserveOne Inc., a digital asset management company, announced today that it has reached a final business merger agreement with M3-Brigade Acquisition V Corp., a Nasdaq-listed SPAC company, to hold and manage a basket of crypto assets, with Bitcoin as the core, covering Ethereum, Solana and other assets with pledge and lending income potential, and provide asset value-added services to institutional investors. The transaction is expected to bring more than $1 billion in financing to ReserveOne to support its establishment of cryptocurrency reserves, including approximately $298 million in trust funds (assuming no redemption) and $750 million in PIPE financing, including $500 million in common stock and warrants, and $250 million in convertible bonds. Blockchain.com, Galaxy Digital, Kraken, Pantera Capital, ParaFi Capital and other institutions will participate in the investment. (GlobeNewswire)