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On October 30, the French cryptocurrency market intelligence agency OAK Research released a report titled "Stablecoins Generate Huge Revenue but Do Not Flow to Public Chains," authored by Lilian Aliaga. The report states that the market capitalization of stablecoins has increased from $4 billion in January 2020 to approximately $298 billion currently, having reached $310 billion at the end of April this year, which is more than three times the total locked value of all DeFi. In the third quarter of 2026, Tether and Circle's combined revenue is approximately $2.1 billion, while the fees from the 13 public chains tracked by the agency totaled $285 million during the same period.The report separately compares the sources of revenue on both sides. Issuers primarily earn interest on reserve assets: of Circle's total revenue of $701.3 million in the second quarter of 2026, reserve income accounted for 95%, or $667.7 million, which is only a 5% year-on-year increase; during the same period, the on-chain transaction volume of USDC increased by 151% to $14.8 trillion, the average supply increased by 25%, while the reserve yield decreased by 66 basis points to 3.49%. Tether's average supply increased by 10.6% year-on-year, and DefiLlama estimates its quarterly revenue to still be around $1.5 billion. Public chains only charge fees based on transactions, and the custody scale itself does not generate revenue.In terms of specific data, in the third quarter of 2026, Ethereum's average custody of stablecoins was $146 billion, with fees of only $34.6 million; Solana's custody was less than $16 billion, with fees of $62.9 million, of which only $6.7 million remained on the protocol side. In the first quarter of 2024, Ethereum's fees were $1.17 billion, higher than the issuer revenue corresponding to its custody of stablecoins, which was about $730 million; by the third quarter of 2026, issuer revenue was approximately $986 million, while Ethereum's fees were $34.6 million. The report also states that stablecoins currently account for about 28% of Aave deposits, 37% of Morpho, and 84% of Hyperliquid.

AI security startup AIR has completed a $50 million financing round, led by Sequoia Capital with an initial $10 million in the first round, followed by Greenoaks leading a second round of $40 million, with participation from Swish, Netz, and several angel investors.The company was founded by Yair Saban and Niv Hoffman, senior members of Israel's Unit 8200, and offers an AI agent security platform that can discover AI agents operating within enterprises, continuously review the skills and tools they use, and prevent them from interacting with non-compliant software or external sources, while providing a vetted AI agent plugin and skills marketplace.

Receipts Depositary Corporation (RDC) has completed a new round of financing of $7 million, led by LiveOak Ventures, with participation from Hivemind Capital, Onigiri Capital, OTC Markets Group, GTS, and Redbeard Ventures. The new funds are intended to accelerate the development of digital asset depositary receipt products and provide compliant securitized products and infrastructure services covering multiple asset classes for U.S. investors.

Web3 entertainment company YOAKE announced the completion of a $3.2 million strategic funding round, with participation from Sony Innovation Fund. The new funds will be used to accelerate the expansion of on-chain entertainment scenarios on Soneium, a blockchain network under Sony. To date, the company's total funding has reached $4.45 million.

zCloak AI recently released its white paper and officially launched, building a new generation of trust infrastructure for the AI-native economy, directly addressing the trust gap in identity, claims, privacy, and discovery in the AI era. Its core ATP protocol reshapes trusted interactions with "four pillars": clarifying responsible parties through AI-ID and human-readable AI-Name; achieving verifiable claims with digital signatures and third-party notarization; completing compliance verification without disclosing privacy using zero-knowledge proofs and identity-based encryption; and putting transactions, contracts, and reputation records on-chain to form a traceable, tamper-proof audit trail.At the same time, the ATP Data Plane built on ICP provides a machine-native, structured data foundation that supports efficient semantic search and collaboration for AI Agents, bridging the "discovery gap." Surrounding Keychain, AgentPages, and MCP Server, zCloak AI makes complex cryptography invisible, promoting the automated closed loop of AI Agents from discovery, negotiation to transaction, accelerating the realization of a trusted AI economy.

According to GlobeNewswire, Intercont (Cayman) Limited (NASDAQ: NCT) announced the signing of a letter of intent to acquire a minority stake of less than 50% in Singapore's Web3 technology company Starks Network Ltd, and to jointly promote the development of the zCloakNetwork project, officially advancing the layout of on-chain digital asset infrastructure.The zCloak Network's business covers AI digital identity, enterprise-level self-custody wallets, stablecoin payments, and AI encryption payment technology, and has received investments from institutions such as Coinbase Ventures. The two parties will collaborate to apply Web3 technology to the digital transformation of payment and business processes in shipping and trade, accelerating the intelligent upgrade of the industry.As global stablecoin payment volumes are expected to surpass the combined total of Visa and Mastercard for the first time in 2024, the demand for compliant, secure, and scalable wallet infrastructure continues to grow among institutions. NCT stated that this acquisition is an important step in promoting the group's long-term strategy and exploring cross-industry layouts.NCT and Starks' leaders stated that this cooperation symbolizes "the Venetian merchants setting sail again on the blockchain." The two parties will jointly promote the implementation of enterprise-level Web3 technology in the global shipping and trade sectors.

zCloak Network today announced that its enterprise-level Passkey multi-signature wallet (zCloak.Money) has completed integration with ChatGPT and Claude APP. Users only need to input in the chat box: "Give me a clickable link to app.zcloak.money wallet," and by clicking the corresponding link, they can complete Passkey login in the in-app browser and utilize all the features of their enterprise multi-signature wallet.It is reported that this is the first time in the Web3 industry that a fully functional crypto wallet has been integrated into mainstream AI applications, marking an important breakthrough in the fusion of AI and Web3 technology.zCloak.Money is a fully on-chain enterprise-level multi-signature wallet, with its front-end website running directly on the ICP smart contract. It uses Passkey biometric technology (facial recognition or fingerprint) to replace traditional mnemonic phrases, providing the highest level of security in the industry and fundamentally eliminating the risk of hacker software stealing private keys and phishing attacks.Dr. Zhang, the founder of zCloak, stated: "By embedding the Passkey wallet into mainstream AI applications, we are removing the last barrier for ordinary users to access blockchain technology, making Web3 as simple as using social media. In the future, users will be able to complete the vast majority of crypto operations through conversations within these AI applications."

ChainCatcher news, zCloak Network announced the launch of a multi-signature wallet system based on the x402 protocol. This system enables seamless collaboration between AI agents and humans in on-chain asset operations, marking the first time AI can participate as a signatory in real-world x402 protocol asset transfers.In the zCloak.Money multi-signature platform, AI agents can act as independent signatories, autonomously initiating USDC payment requests based on the x402 protocol. After the AI completes a signature compliant with the EIP-3009 specification on the server side, the relevant transaction will be pushed to the pending list of human collaborators with the "x402" identifier. After manual review and completion of a second signature, the payment process is completed.This technological breakthrough provides a solution for collaborative operations between AI and humans in the management of crypto assets. In the future, AI can assist in handling various on-chain stablecoin payment scenarios, including computing resource procurement, API call settlements, and data service payments, enhancing the efficiency and automation of enterprise resource allocation.zCloak.Money is a fully on-chain self-custody enterprise multi-signature wallet developed by zCloak Network, dedicated to providing institutional users with secure, transparent, and auditable on-chain asset management solutions.

ChainCatcher news, Oak Grove Ventures' investment project Gemini officially listed on Nasdaq on September 12 (ticker: GEMI.US), with an issuance price exceeding expectations at $28, raising $425 million, and closing its first day with a market capitalization of $3.8 billion, becoming the third publicly listed cryptocurrency asset platform in the United States.(Source link)

ChainCatcher news, according to AccessnewsWire, SparkChain AI has successfully raised $10.8 million in a funding round led by OakStone Ventures. The funds will be used to expand its decentralized AI computing network, optimize real-time AI processing, and establish key partnerships.SparkChain AI's Sovereign Data Rollup architecture leverages unused internet bandwidth and idle computing resources to address the high costs, latency, and centralization risks faced by traditional cloud systems. The network is set to launch on Solana, aiming for deeper integration with high-performance, low-cost on-chain environments.

ChainCatcher news, blockchain investment firm Oak Grove Ventures announced a strategic investment in the Ethereum-compatible Layer 2 blockchain Reddio. Reddio is based on zero-knowledge proofs and is dedicated to solving Ethereum's scalability issues, with its parallel EVM architecture combined with GPU acceleration significantly enhancing transaction processing capabilities. This investment will help Reddio expand its ecosystem and accelerate the implementation of Web3 applications.

ChainCatcher news, according to on-chain data from BSC Scan, a certain address bought B tokens 5 minutes before the Trump family tweeted, making a profit of $500,000. This address has now bought C (CROAK) tokens again, currently holding 15.57 million tokens, worth $36,000.

ChainCatcher news, according to Kepple, the Web3 entertainment company YOAKE Entertainment announced the completion of a financing round of 180 million yen (approximately 1.25 million USD) through private token sales and convertible corporate bonds. This round of financing was led by Next Web Capital, with participation from Bitbank Ventures, Credit Scend, Hakuhodo KEY3, Taisu Ventures, X2Y2, and others. The funds will be used for the development of the next-generation entertainment platform and global IP content production.According to reports, YOAKE was established in February 2024, funded by several companies including Twin Planet, Asobi System, W TOKYO, and Y&N Brothers. The board members include renowned producer Yasushi Akimoto and Astar Network founder Shouta Watanabe.YOAKE focuses on the blockchainization of entertainment IP and recently announced the launch of the official NFT series for the popular Japanese anime "The Seven Deadly Sins," utilizing the blockchain "Soneium" jointly developed by Sony Group and Startale Group.

ChainCatcher news, blockchain investment firm Oak Grove Ventures announced the completion of a strategic investment in the innovative blockchain platform DuckChain. This investment aims to support DuckChain's technical team expansion, promote product development, and deepen its collaborative development with the Telegram ecosystem.DuckChain is an innovative startup focused on blockchain technology solutions. Its platform is based on the EVM solution of TON and is dedicated to providing seamless decentralized application (dApp) development support for over 30 million Telegram users. By building a bridge between Web2 and Web3, DuckChain creates a more efficient and scalable blockchain ecosystem for developers and users.

ChainCatcher news, according to official sources, Oak Grove Ventures successfully won the first Claude Monet's Paysage on-chain auction for 86.0405 ETH, to support the development of the art-themed commemorative coin Memeory Coin.This auction was co-hosted by Bounce Brand, South Korea's largest auction house SeoulAuction Blue, and its blockchain platform BounceBit, marking an innovative integration of traditional artworks and blockchain technology.Shawn Shi, co-founder of Oak Grove Ventures, stated, "As an early-stage investment institution focused on cutting-edge technology, we maintain long-term confidence and support for the innovative integration of traditional art and Web3 culture. This auction has opened up a new direction for the combination of traditional art and meme culture, and Oak Grove Ventures will continue to pay attention to this innovative field."

ChainCatcher news, recently, Forbes China announced the 2024 list of the Top 100 Most Influential Chinese People in the World, and Shawn SHI, co-founder of Oak Grove Ventures, has once again made the list, marking his second consecutive year receiving this honor. This accolade highlights Shi Xiang's outstanding strength in the global technology innovation and investment field.In the business sector, Shawn SHI and his team at Oak Grove Ventures have achieved significant results in cutting-edge technology areas such as Web 3.0, artificial intelligence, and biotechnology, thanks to their unique investment philosophy and precise project selection. They not only have a wide-ranging influence globally but have also made positive contributions to promoting technological advancement and social development.Regarding being selected for the Forbes Global Top 100 Most Influential Chinese People for two consecutive years, Shawn SHI stated: "This is a great recognition of my personal efforts and those of the Oak Grove Ventures team. We will continue to uphold the principles of innovation and pragmatism, seeking and supporting those potential entrepreneurs to jointly promote technological progress and social development."

ChainCatcher news, Oak Grove Ventures announced an investment in the real-time ZK proof network service provider ZEROBASE. The participants in this round of financing also include several well-known institutions such as Binance Labs, Lightspeed Faction, Matrix Partners, and IDG.ZEROBASE, launched by Salus, is dedicated to creating a privacy-preserving computing network tailored for ZK use cases. The project aims to be an innovator in ZK technology, providing a solution that coexists privacy and transparency without compromise. ZEROBASE has built the fastest privacy-preserving prover network, directly addressing the efficiency and confidentiality issues associated with ZK proof generation.Oak Grove Ventures is a fund focused on early investments in the cryptocurrency and Web3 space. This investment demonstrates confidence in ZEROBASE's potential to advance the development of ZK technology and privacy-preserving computing. This investment is expected to accelerate the adoption of ZK technology across various application scenarios and promote the development of innovative solutions that balance privacy protection and transparency.

ChainCatcher news, recently, the Oak Grove Ventures - Zhejiang University School of Software Blockchain Joint Laboratory team won the first prize at the CCF2024 China Digital Services Conference Service Computing Innovation Competition.This competition is co-hosted by the Teaching Guidance Committee for Software Engineering of the Ministry of Education of China and the Service Computing Special Committee of the China Computer Federation, making it one of the most influential events in the field of computer science in China, and it enjoys a high reputation internationally.The goal of the award-winning project is to utilize new generation information technologies (such as the Internet of Things, artificial intelligence, big data, etc.) to build a wide-ranging, responsive, and highly intelligent water area supervision system. Through technological innovation, this system can significantly enhance the efficiency and accuracy of water area supervision, achieve rapid identification and response to malicious behaviors, provide scientific basis for ecological protection of water areas, and ultimately realize intelligent water area governance. This project not only showcases the team's outstanding capabilities in scientific research and innovation but also highlights their excellent spirit of collaboration.

ChainCatcher news, Oak Grove Ventures announced an investment in the Bitcoin ecosystem oracle service provider APRO Oracle. Participants in this round of financing for APRO Oracle also include Polychain, ABCDE, Franklin Templeton, CMS Holdings, Comma3 Ventures, UTXO Ventures, Presto Labs, and others.APRO Oracle provides high security and fast response services covering over 15 public chains and more than 140 types of assets. Its Oracle 3.0 platform combines Bitcoin-level security with cutting-edge technology, serving multiple ecosystems such as TON Blockchain, Scroll ZKP, BNB Chain, and Mantle, while maintaining a leading position in the field of Bitcoin-native services.Oak Grove Ventures is a Singapore-based fund focused on early investments in the cryptocurrency and Web3 space, having successfully supported over 50 projects and 12 funds. This investment demonstrates confidence in APRO Oracle's potential to drive Bitcoin liquidity and decentralized applications, and is expected to accelerate the adoption of secure and efficient oracle services in the multi-chain ecosystem.