Memecoin.Fun完成350万美元战略融资，Becker Ventures领投
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Ashton Kutcher has left Sound Ventures to co-found a new venture capital fund with the former head of Meta Libra.
According to a report by TechCrunch, prominent investor Ashton Kutcher will be leaving his co-founded venture capital firm, Sound Ventures, to co-found a new venture capital fund with former NFX partner Morgan Beller (who co-led Meta's Libra crypto project and served as a partner at a16z). The departure is reportedly due to differing investment stage preferences. Sound Ventures tends to support more established, leading AI companies (such as OpenAI and Anthropic), while Kutcher's new fund will strategically shift its focus to underlying technologies, concentrating on early-stage startup investments in AI infrastructure, energy, and deep technologies. This is considered an amicable split, and Kutcher will continue to serve as an advisor to Sound Ventures.
AI-powered legal services company Norm has raised $120 million in funding, led by Khosla Ventures.
PANews reported on July 7th that, according to Bloomberg, AI legal startup Norm has completed a new funding round of $120 million, valuing the company at approximately $1.2 billion post-money. The round was led by Khosla Ventures, with participation from Blackstone, Bain Capital Ventures, Coatue Management, and others, bringing its total funding to over $260 million. Founded in 2023, Norm differs from traditional software vendors by operating its own Norm Law firm, providing clients directly with legal services delivered by lawyers and AI engineers, charging based on results rather than hourly rates. The company is also developing "AI-driven regulatory AI" compliance agents for regulated industries such as finance and healthcare, and plans to use the new funding to expand its engineering and legal teams and strengthen its systems.
Darkfost: Memecoin's market capitalization as a percentage of the total Altcoin market capitalization has fallen to 3.7%, a new low in nearly three years.
According to a report by Odaily Odaily, CryptoQuant analyst Darkfost stated on the X platform that Memecoin's total market capitalization as a percentage of the total Altcoin market capitalization has fallen to 3.7%, the lowest level since February 2024. Data shows that during the Memecoin boom in November 2024, this percentage exceeded 10%; its current 3.7% indicates a significant decline in Memecoin's share of the Altcoin market.
Michael Saylor: If Bitcoin's long-term price increase exceeds 3.3%, BTC capital gains could fund STRC dividends indefinitely.
According to ChainCatcher, Bitcoin Treasuries.NET posted on the X platform that Strategy's Michael Saylor stated that if Bitcoin's long-term price increase exceeds 3.3%, BTC capital gains can fund STRC dividends indefinitely. Even if BTC's annual price increase is 0%, Strategy will still have dividend funds for 31 years.
Multiple factors drove a correction in South Korean stocks: profit-taking by Samsung and SK Hynix, collective withdrawal of foreign capital, and amplified concerns about oversupply risks and fundamentals.
According to BlockBeats, on July 6th, based on Bitget market data, the South Korean stock market has been experiencing a continuous downward correction recently. On July 2nd, the KOSPI index once plummeted by nearly 8%, triggering a trading halt, with SK Hynix falling by over 14% and Samsung by over 9%. On July 3rd, it fell by over 3% in the morning session before rebounding sharply. Today, the South Korean stock market continued its downward trend, falling by over 3% at one point, driven by multiple factors: Samsung and SK Hynix have excessively high weightings, leading to concentrated profit-taking. Currently, the weighting of Samsung Electronics and SK Hynix, two core AI memory stocks, in the KOSPI has risen to approximately 50%, meaning that fluctuations in the memory sector can cause significant volatility in the entire South Korean index. After a continuous surge in recent months, concentrated profit-taking has become the driving force behind the recent natural correction. US stock market correction sentiment spills over. In the global market, the recent collective correction in US semiconductor, memory chip, and optical communication sectors has triggered a global sell-off in technology stocks. Market concerns include the sustainability of AI capital expenditure and overvaluation. South Korean stocks are highly sensitive to sentiment in the US tech sector and are similarly affected by spillover effects from US market sentiment. The structural fragility of the South Korean market amplifies the decline. The assets of 2x leveraged products tracking Samsung and SK Hynix are enormous, far exceeding the average daily trading volume of the stocks themselves. Forced rebalancing during declines further fuels selling and exacerbates the fall. The high leverage of retail investors combined with margin trading creates a chain reaction, causing frequent extreme volatility in the South Korean stock market. Foreign capital is fleeing South Korea. Recently, foreign investors in South Korea net sold 7.7 trillion won (approximately US$4.98 billion) worth of KOSPI shares on Monday, setting a record for the largest single-day sell-off. Combined with factors such as pressure on the won's exchange rate, this further undermines foreign investor confidence. Oversupply risks raise fundamental concerns. Samsung and SK Hynix plan massive investments in new memory chip factories, totaling tens of billions of dollars. The market worries that a significant increase in future capacity will put downward pressure on memory prices. Meanwhile, demand from major customers such as Nvidia for higher-stack HBM chips has slowed, shaking market confidence in the sustainability of the "AI supercycle."
The predictive behavior AI network THEA has raised $8 million in funding, led by Maven 11 Capital and others.
PANews reported on July 3rd that THEA, a predictive behavior AI network focused on the risk markets, has completed an $8 million funding round to build its Solana-based coordination layer and expand its AI infrastructure. The round was led by Maven11 Capital, Spartan Group, ManifoldTrading, HackVC, and Fisher8 Capital. Founded in 2024 and headquartered in the Cayman Islands, THEA's AI models are trained on over 35 billion real-world decision-making data points. Its core product is providing predictive behavior AI for the risk markets. The company plans to launch THEA Network—a coordination layer that routes inference requests and settles transactions on Solana, while keeping large amounts of data processing off-chain.