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7/1
16:40
Svmuu News: Erik Voorhees, founder of Venice AI, announced on Wednesday that the company has completed its first round of external funding, raising $65 million and reaching a valuation of $1 billion. The round was led by Dragonfly, with participation from North Island Ventures, Coinbase Ventures, Archetype, Liquid2 Ventures, and Morgan Creek.

Launched in May 2024, Venice AI is a privacy-focused alternative to AI chatbots, designed to avoid storing user conversations on centralized corporate servers. Voorhees stated that Venice AI has surpassed 3 million users and became profitable in the first quarter.

Voorhees said the new funding will be used to expand the Venice platform, which provides access to major open-source and proprietary AI models through a single interface and API.The annual supply of Venice AI’s native token, VVV, was reduced to 3 million on Wednesday to reward token holders who support the network by staking VVV.
16:31
Svmuu News: BitcoinTreasuries.NET posted on X stating that Strategy and Strive collectively increased their holdings by 6,989 BTC in June, accounting for nearly all of the purchases made by the publicly traded company Bitcoin. The funds came primarily from proceeds received from STRC and SATA.
16:23
Svmuu News: British investment advisor Farside Investors stated that Strategy’s STRC priority product poses structural risks related to its adjustable coupon and price stabilization mechanisms.The STRC is primarily issued at approximately $100, and the mechanism is designed to increase dividends when the price falls below $100 and decrease dividends when the price rises above $100, in order to guide the market price back to that level.
Farside Investors noted that if investor concerns about Strategy’s credit risk rise, the price of STRC could fall, and increasing dividends to prop up the price would add to cash pressure and further undermine investors’ certainty regarding the security’s valuation. STRC recently traded at around $75 before rebounding to $86.
Strategy has launched the Digital Credit Capital Framework, which includes plans to build a U.S. dollar reserve, raise the STRC dividend to 12%, repurchase senior securities at a discount, and authorize the sale of “Bitcoin” to help fund dividends and the reserve.
16:17
Svmuu News: Musk denies reports that SpaceX had shown investors a prototype of a new AI device.
16:07
Svmuu News: A Fox Business crypto reporter posted on X, stating that Wall Street is looking beyond the bear market, law enforcement agencies are continuing talks regarding Clarity, and Donald Trump’s crypto profits have drawn criticism from Senate Democrats.
16:06
Svmuu News: Federal Reserve Chairman Wash is expanding his advisory team; the latest appointment includes bringing in Samantha Schwab, a senior aide to U.S. Treasury Secretary Bessent, to serve as an advisor at Federal Reserve.Samantha Schwab has served as Bessent’s Deputy Chief of Staff at the Treasury Department since January 2025 and previously worked at the White House during Donald Trump’s first term.Samantha Schwab comes from a family with a background in finance; she is the granddaughter of Charles Schwab, founder of Charles Schwab. The specific start date for this reassignment has not yet been determined. This appointment has sparked discussion about Federal Reserve’s closer relationship with the Treasury Department, particularly given that Wash and Bessent meet weekly, raising market concerns about whether the central bank’s independence might be compromised.
16:03
Svmuu News: BitcoinTreasuries.NET posted on X that Empery Digital (EMPD) stated it may sell a portion of its 3,000 Bitcoin holdings to finance a $65 million AI data center project. The company currently has no plans to continue increasing its BTC holdings.
15:52
Svmuu News: Renowned technology analyst Dan Ives is leaving Wedbush Securities to launch a new venture, with plans to establish a “modern merchant bank” focused on AI opportunities. Dan Ives stated that the new firm will integrate research, investment banking advisory, capital raising, and investment operations to provide integrated financial and research services to companies and investors in light of the structural changes brought about by AI.
15:45
Svmuu News: Bloomberg ETF analyst Eric Balchunas posted on X that the BFOR (Barron’s 400) ETF has seen significant capital inflows. The fund, which was established 13 years ago and had an asset size of just $200 million, suddenly received $600 million in capital inflows. The fund has outperformed the market so far this year, which may have attracted a certain investment strategy, though he is not certain. This demonstrates that an ETF’s size can expand to four times its original size without affecting its premium rate.
15:33
Svmuu News: BitcoinTreasuries.NET posted on X that Adam Back has just stated that Bitcoin Standard Treasury BSTR is attempting to generate relatively conservative returns for Bitcoin through capital market strategies. Adam Back said that Bitcoin Standard Treasury BSTR will take a different approach compared to other treasury companies.
14:37
Svmuu News: Brian Armstrong posted on X, stating that the U.S. Constitution is the most important political innovation in history, but it lacks two crucial elements: a cap on government spending growth and a requirement for currency to be backed by hard assets. Without these two elements, every democratic nation will head toward greater debt and ultimately lose its status as a reserve currency; see *The Changing World Order*. U.S. debt stands at $39 trillion and increases by approximately $1 trillion every 100 days. Interest payments now exceed the defense budget, and existing mechanisms are unable to halt this trend. Politicians get elected by promising to provide free benefits using other people’s money; while some voters benefit in the short term, the negative consequences of this spending are borne by future generations who do not yet have the right to vote, rendering the incentive structure ineffective. Solutions include drafting new constitutions in frontier regions—such as Mars, special economic zones, or cyberspace; adjusting the incentive mechanisms within the existing system through constitutional amendments, though this is politically challenging; or achieving hyper-growth through AI, robotics, and cryptocurrency to outpace inflation.
14:26
Svmuu News: Robinhood has launched the public mainnet of its Layer 2 blockchain, Robinhood Chain, enabling tokenized stock trading in more than 120 countries, and introduced Robinhood Earn, a decentralized lending product that offers a yield of approximately 7% based on USDG.

Robinhood is expanding from its brokerage business into cryptocurrency, tokenized assets, and AI-driven trading.
13:53
Svmuu News: Spain’s National Securities Market Commission has authorized the cryptocurrency platform Venga to operate under the EU’s Market in Crypto-Assets Regulation (MiCA), making it one of the few entities in Spain to receive MiCA approval.

The MiCA transition period took effect on July 1. Digital asset companies that previously operated under national regulations must now obtain formal approval under the new framework or cease providing regulated services within the EU. This authorization allows Venga to provide services across the market comprising the 27 EU member states under a single regulatory framework.

Michael Stroev, co-founder and CEO of Venga, stated that the MiCA review covers aspects such as ownership structure, corporate governance, management suitability, risk frameworks, and product infrastructure. Previously, more than 3,000 crypto companies in the EU held local virtual asset service provider registrations, but currently, approximately 240 companies have obtained full MiCA authorization, with fewer than 15 approved companies in Spain.
13:28
Svmuu News: Tom Lee posted on X, stating that he is pleased to see the Ethereum Foundation taking a prudent approach to key issues raised by governments and policymakers regarding the critical role of neutral blockchains—such as Ethereum—in financial infrastructure and economics.
13:27
Svmuu News: Streamex Corp. announced that its gold-backed, tokenized income security, GLDY, is now available for purchase through standard brokerage accounts. The product is distributed by Siebert Financial, a FINRA member firm, and custodied by the regulated digital securities platform tZERO. Streamex offers GLDY to accredited investors.
GLDY offers an annualized yield of up to approximately 3.5%, distributed monthly in the form of additional gold. The yield is generated by lending the underlying metal to commercial users such as jewelers, mints, and refiners. Streamex stated that GLDY was launched in February and gained 24/7 secondary trading in May through Orca, a Solana-based decentralized exchange.
GLDY is currently available only to verified qualified investors as a regulated security. Streamex is building a tokenization platform for real-world assets and plans to launch a digital gold product for retail investors, which is expected to be tradable on decentralized exchanges such as Jupiter, Meteora, and Orca.
13:25
Svmuu News: Bitcoin News posted on X stating that, nearly a decade after becoming an early adopter of the Lightning Network, Bitrefill has once again added support for the new Bitcoin payment network, introducing Arkade payments that support instant, fee-free transactions.
13:20
Svmuu News: U.S. President Donald Trump posted that Micron has announced a $250 million investment in Donald Trump, stating that the investment will help millions of American children and families achieve financial security, and noting that his policies are working and have been “a huge success.”
13:18
Svmuu News: Michael Saylor posted on X, stating that Strategy disclosed on Monday that its goal is for STRC to trade in the $99 to $100 range over time.
13:09
Svmuu News: European cryptocurrency exchange WhiteBIT has announced the launch of TradeFi, a new market category that allows users to trade more than 45 perpetual contracts linked to price movements in commodities, stocks, and ETFs directly within the cryptocurrency trading interface.

TradeFi uses USDT as the margin and settlement asset and supports trading of these contracts through a single WhiteBIT account. Underlying assets include gold, silver, crude oil, natural gas, and copper, as well as stocks such as Apple, Microsoft, Nvidia, Tesla, Coinbase, and Robinhood, and select market ETFs.

WhiteBIT states that the TradeFi tool is provided through its perpetual contracts interface; the related products merely track the price fluctuations of traditional assets and do not represent actual trading or investment in the underlying assets, nor do they confer ownership, shareholder rights, or related interests.
12:53
Svmuu News: Bitcoin News posted on X that Kevin Warsh said he has been out of the industry for 15 years, but still bears the scars of the global financial crisis.

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