Nasdaq-listed Fundamental Global Inc. announced the sale of 40 million common shares at $5 per share, with expected gross proceeds of $200 million, which will be used to launch the company's Ethereum treasury strategy. Participating investors include Galaxy Digital, Kraken, Hivemind Capital, Syncracy Capital, Digital Currency Group (DCG), and Kenetic. (Business Insider)

Manifold, a decentralized AI infrastructure company, announced it has secured $10.5 million in Series A funding to accelerate the development of its decentralized AI cloud platform, Targon. The round was led by OSS Capital, with participation from prominent investors including Digital Currency Group, Tobias Lütke, Ram Shriram, Zachary Smith, Jacob Steeves, Ala Shaabana, and Logan Kilpatrick.

Odaily News Bittensor Ecosystem Company xTAO announced that it will be listed on the Canadian TSX Venture Exchange (TSXV) on July 23, with the stock code XTAO.U. The company has previously completed US$22.8 million in financing, with investors including Digital Currency Group, Animoca Brands, Arca, Borderless Capital and FalconX. xTAO said that the company will be committed to promoting the development of the Bittensor network, focusing on building core products such as data, computing power and machine learning models, and connecting users and enterprises through validator nodes. The company's founder, Karia Samaroo, founded WonderFi and served as CEO before the platform was acquired by Robinhood for $180 million. Samaroo said Bittensor is becoming the "Bitcoin of AI" and xTAO will seize its ecological growth opportunities by operating validators and using TAO as a treasury asset. (The Block)

Odaily News Dakota, a stablecoin-driven financial institution co-founded by former Coinbase executives, announced the completion of a $12.5 million Series A financing round, led by CoinFund, with participation from 6th Man Ventures, Digital Currency Group and Triton Ventures. Dakota uses stablecoins to transfer funds between itself and its customers. This investment is also the latest bet by venture capital firms on companies involved in one of the hottest areas of cryptocurrency. (Fortune)

Odaily News According to Reuters, stablecoin issuer Circle (CRCL) has applied for a U.S. national banking license. If approved, it will be able to manage USDC reserves independently and custody crypto assets on behalf of institutional clients. The entity will be called First National Digital Currency Bank, NA. This move follows Circle's successful IPO this month, marking its further integration into the traditional financial system. (The Block)

Odaily News David Kemmerer, CEO of CoinLedger, said that in the past 60 days, the crypto tax software platform CoinLedger has found that the number of US users who have received letters from the IRS has surged by 758%, and accounting firms such as Taxing Cryptocurrency have also confirmed this trend. Although Trump has expressed his willingness to cancel cryptocurrency taxes in the United States, Congress has not yet proposed any relevant legislation. At the same time, there are still many investors who mistakenly believe that they do not need to declare crypto assets when filing taxes, which may be the beginning of a larger wave of law enforcement, especially with the new 1099-DA tax reporting regulations set to take effect next year. (The Block)

Odaily News Stackup, a crypto platform founded by former SpaceX mission manager John Rising, has completed a $4.2 million seed round of financing, led by 1kx, with participation from Y Combinator and Digital Currency Group. The platform provides enterprises with a "centralized control of decentralized assets" solution through account abstraction technology, supporting functions such as spending limits and batch transaction review. Rising stressed the importance of system security design with his experience in aerospace engineering, pointing out that the current encryption field is overly focused on security protection and ignores operational safety. The Stackup team currently consists of 4 people, and its technology has previously been used in the development of wallets for Coinbase and Trust Wallet. (Decrypt)

Odaily News According to the latest comprehensive selection of the Best Cryptocurrency Exchanges in June 2025 released by the crypto media Coin Bureau, Gate stood out among many trading platforms with its extreme currency diversity and competitive transaction fees, and won the honors of "Best Cryptocurrency Selection" and "Best for Altcoins". At the same time, Gate was also rated as the "Best Fiat Support" exchange for its convenient deposit and withdrawal services supporting more than 50 legal currencies, winning multiple honors and fully demonstrating its comprehensive strength in the global market.

Odaily News According to official news, Limited, a new generation of financial technology company that provides self-custodial stablecoin banking services, announced the completion of a $7 million seed round of financing. This round of financing was led by North Island Ventures, with participation from SevenX Ventures, Third Prime, Arche Capital, and Collab+Currency.

Odaily News Crypto lender Genesis Global Capital is suing its parent company Digital Currency Group (DCG) to recover more than $1 billion in fund transfers made in the year before it filed for bankruptcy. Genesis filed the lawsuit on Monday in the U.S. Bankruptcy Court for the Southern District of New York, alleging that insiders including DCG, DCG founder Barry Silbert and their affiliates transferred funds to each other during the company's insolvency. The company hopes to have these transfers classified as "preference payments" under bankruptcy law, thereby revoking and recovering the relevant amounts. These cryptocurrency payments are worth more than $582 million, while the total amount of preference transfers exceeds $1.2 billion (as of now). (Bloomberg)