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Quick Take Standard Crypto led the fundraising, with further support from a16z crypto, Electric Capital, Creditcoin, Lvna Capital, Protagonist, Franklin Templeton Digital Assets and other investors. The Walrus Foundation oversees the growth and development of Walrus, a Sui-based decentralized data storage platform initially developed by Mysten Labs.
Quick Take Canary Capital filed for that ETF in a registration statement to the SEC posted on Thursday. Firms have been looking to get the SEC’s sign-off for several different types of crypto ETFs ranging from ones tracking SOL and XRP to DOGE — and now Pengu.
Quick Take President Trump, due to show at 10:40 a.m. ET, appeared on screen at the conference at 11 a.m. ET. to repeat actions he has made in a move to bolster crypto, while bashing former President Joe Biden. Trump has been embraced by many in the crypto industry for his friendlier approach to digital assets than the previous Biden administration.
Quick Take The Open Network Foundation, or TON Foundation, said a group of VCs including Sequoia Capital, Ribbit, Benchmark and Kingsway invested over $400 million buying the Toncoin cryptocurrency. TON is the blockchain used to power the growing number of mini apps that function within the Telegram’s messaging app ecosystem.
Quick Take BlackRock’s head of digital assets spoke about the potential benefits of allowing staking for spot Ethereum ETFs, which by some estimations, have underperformed in terms of attracting investors. Meanwhile, NYSE Arca filed a proposed rule change that would pave the way for permitting Bitwise’s ether ETF to earn yield from staking the cryptocurrency.
- 11:19The Fully Homomorphic Encryption (FHE) infrastructure, Mind Network, may have completed the airdrop snapshotThe privacy infrastructure project Mind Network, based on Fully Homomorphic Encryption (FHE) technology, has today released visual content that includes photography and camera elements, or has completed snapshots. Mind Network is committed to providing privacy protection and verifiable security for the Agentic AI economy. Recently, it launched AgenticWorld on the BNB Chain, aiming to build four major security pillars for decentralized AI: data security, consensus security, computational security and communication security. Subsequently, it will also open up training mechanisms, collaborative markets and a multi-chain network called MindChain. It is reported that Mind Network's FHE infrastructure has been applied to scenarios such as medical privacy, encrypted inference, and multi-agent collaboration.
- 11:17Data: A whale unlocked and transferred over 315,000 SOL to CEX within 9 hoursAccording to Onchain Lens monitoring, in the past 9 hours, a whale has unstaked 315,079 SOL (approximately 37.28 million USD) and transferred it to CEX. Currently, this address still stakes 277,209 SOL (about 32.68 million USD), and also holds 40,930 hSOL (about 5.49 million USD).
- 11:16Opinion: Trump's tariff policy will trigger a faster flow of funds towards offshore hedging assetsAccording to an analysis by BloFin Academy, President Trump's comprehensive tariff policy in the United States exceeded market expectations, triggering a surge in global trade network costs and regional economic trends. The acceleration of portfolio "de-dollarization" rebalancing is evident. Dollar-strong linked assets (such as U.S. stocks, altcoins) may continue to be sold off, with safe-haven funds turning towards offshore assets like BTC, stable coins, cash, RWA etc. Due to its payment system attributes and low dollar correlation, BTC has become the preferred choice for hedging; while stable coins and gold-linked tokens stand out in the current risk-averse environment due to their "Eurodollar 2.0" properties and bond correlations.