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Ethlabs: Existing funds can support 2–3 years of development, adhering to non-profit and neutral governance

Ethlabs published a response on platform X regarding its nonprofit positioning and funding situation, stating that the choice to operate under a nonprofit structure is to focus on the long-term development needs of Ethereum as a "public good" and to maintain the organization's independence and neutrality in research and development.In terms of governance structure, Ethlabs pointed out that its funding comes from large ETH holders and Ethereum ecosystem builders, whose interests are highly aligned with the long-term success of Ethereum, but they will not gain any governance control or participate in roadmap formulation or project prioritization decisions. Ethlabs emphasized that this arrangement is intentionally designed to avoid external funding influencing core directions.At the same time, Ethlabs stated that the future continuous financing mechanism itself is also a form of "accountability mechanism," meaning that only by continuously creating real value for the Ethereum ecosystem can they obtain subsequent funding support, thus forming a long-term feedback loop.Regarding funding, Ethlabs revealed that it is currently in the final stages of financing and has not disclosed specific amounts, but the committed funds already obtained are expected to support an operational cycle of 2 to 3 years and cover the recruitment needs for top talent. Ethlabs emphasized its positioning as a long-term project, not a one-time funding plan.

Ukraine has transferred confiscated cryptocurrency assets to state management for the first time, involving over 8.3 million USDT

According to CoinDesk, the Office of the Prosecutor General of Ukraine announced that it has transferred over $8.3 million worth of USDT to a cryptocurrency wallet controlled by the country's asset recovery agency ARMA (National Agency for the Search, Tracking, and Management of Assets). This marks the first successful inclusion of seized cryptocurrency assets into national management in Ukraine's history.The transfer was made based on a court order and stems from an investigation by the National Bureau into an international hacker organization. The funds involved came from a wallet belonging to a member of this organization, which has been accused of attacking individuals and businesses in Europe and the United States to steal data and extort money. The proceeds were laundered in Ukraine through high-value assets such as real estate and vehicles. Currently, four suspects have been detained but have not yet been sentenced, with estimated losses exceeding $100 million.The report notes that the funds are currently only held in custody and have not been formally confiscated, as confiscation requires a court ruling. At this time, Ukraine is considering establishing a strategic reserve for cryptocurrency, similar to previous ideas from the United States. The reserve funds would come from confiscated cryptocurrency assets in criminal and civil cases, rather than being purchased on the open market.

MiCA is about to come into full effect, WasabiCard strengthens its global compliance layout, empowering enterprises for a new era of stablecoin payments

With the European Union's Markets in Crypto-Assets Regulation (MiCA) officially coming into full effect on July 1, 2026, it marks the beginning of a new era of unified regulation in the European digital asset market. As the global regulatory framework continues to improve, stablecoin payments are evolving from a focus on "pure efficiency" to "compliance, transparency, and trust," accelerating their transformation into core infrastructure for enterprise-level payments.As a provider of enterprise-level stablecoin payment infrastructure, WasabiCard consistently practices a "compliance first" development philosophy. By continuously strengthening core risk control capabilities such as AML (Anti-Money Laundering), KYC (Know Your Customer), and KYB (Know Your Business), it is committed to building a secure, transparent, and sustainable foundation for global payments.As stablecoins rapidly penetrate core business scenarios such as enterprise treasury management, cross-border payments, and B2B settlements, compliance capability has become the primary consideration for enterprises when choosing payment channels. In the future, WasabiCard will leverage its core capabilities of "global issuance, stablecoin payments, global remittance, and fund distribution" to deeply integrate a comprehensive compliance system with business scenarios, helping global enterprises confidently navigate the evolving regulatory environment and significantly enhance the security and compliance efficiency of their global operations.

Kimi B's head of the department: There is a bubble in the AI industry, but the fundamentals are solid; the price increase of APIs is due to tight computing power

According to a report by 21 Finance, Huang Zhenxin, the head of Kimi B-end at Moonshot AI, stated in a recent communication meeting that there is indeed a bubble in the current AI industry, but the fundamentals are very solid. Enterprises can now clearly calculate the return on investment (ROI), and the substantial transformation in productivity brought by AI has already occurred.Regarding the recent phenomenon of widespread price increases among model vendors, Huang Zhenxin pointed out that the core reason lies in the rising global computing power costs, and chip production capacity cannot meet the explosive growth in Token demand. He emphasized that evaluating the cost-performance ratio of models should not only look at the unit price of input and output but should also focus on the Cache hit rate. It is reported that Kimi's original factory Cache hit rate has reached over 90%, significantly reducing actual computing costs.In addition, Huang Zhenxin revealed that Kimi will continue to challenge innovations in underlying architecture to sustain the Scaling Law, and its Muon optimizer, which has been validated on a large scale, is now widely adopted by several mainstream large models in the industry. Regarding the "last mile" of enterprise AI implementation, he believes that as the foundational capabilities of models continue to strengthen, the technical paradigms at the application layer will also continue to simplify.

first_img The expansion of the head encryption VC investment landscape extends to cutting-edge technology sectors such as AI and robotics

According to The Block, influenced by the maturation of the crypto market and the rapid development of emerging technologies, several leading crypto venture capital firms are shifting their investment focus from the pure crypto sector to a broader "frontier technology" track, involving AI, robotics, fintech, and biotechnology.It is reported that Framework Ventures and Haun Ventures have recently raised $400 million and $1 billion funds respectively to support cross-domain layouts; Paradigm is planning to raise up to $1.5 billion for a frontier technology fund; and the former Binance incubator YZi Labs has also ventured into the fields of AI and biotechnology.Industry investors analyze that the core reasons for this strategic shift are the demand for capital deployment brought about by the expansion of fund sizes, the decrease in high-quality pure crypto projects, and the increasing integration of adjacent technologies such as blockchain and AI. Some venture capitalists predict that as cryptocurrencies gradually integrate into a broader technology ecosystem, the exclusive label of "crypto VC" may gradually fade, and the market will ultimately differentiate into large multi-strategy investment funds and a few vertical investors focused on digital assets. However, some institutions like a16z Crypto and Dragonfly still insist on deepening their investment strategies in the pure crypto sector.
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