TRM Labs doubles valuation to $2B in Series C expansion
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The sanctioned ruble-based stablecoin A7A5 claims daily trading volume exceeding 100 million, but companies like TRM Labs and Elliptic question the accuracy of this data.
PANews reported on July 4th that, according to CoinDesk, the sanctioned ruble-pegged stablecoin A7A5 is embroiled in a heated dispute with a blockchain analytics firm over its actual usage and trading volume. A7A5 claims that cryptocurrency data providers underestimate its trading activity, while the blockchain analytics firm states that trading volume for this ruble-backed token has declined significantly this year. The A7A5 issuer claims that it processed a total of $34.4 billion between January 1st and June 17th, 2026, with an average daily trading volume of approximately $205 million, primarily driven by DeFi activity. However, TRM Labs believes that A7A5's average daily trading volume is closer to $75 million, and that trading activity has declined in recent months.
With investments from the National AI Industry Investment Fund, Sequoia China, and others, the company's valuation exceeded 20 billion yuan after its Series C funding round.
Independent Variable Robots announced that following its Series B financing led by Xiaomi in late April, the company quickly completed its Series B+, B++, and C financing rounds within just over two months, with all four rounds now closed. The post-investment valuation has officially exceeded 20 billion RMB. Confirmed investors in this round include over 30 top-tier institutions and internet giants such as China Mobile, the National Artificial Intelligence Industry Investment Fund, Sequoia China, IDG Capital, Source Code Capital, Dachen Capital, and CICC Capital. Xiaomi has continuously invested in the company for three consecutive rounds. (Cailian Press)
SK Hynix's roadshow presentation slides revealed: The motivation for listing stems from a dual pursuit of valuation reassessment and capital expansion.
According to Odaily Odaily, SK Hynix's US IPO roadshow presentation slides have been leaked. It is reported that Baillie Gifford Overseas Limited, Coatue Management, and Situational Awareness Partners have individually (but not jointly) expressed their intention to subscribe for American Depositary Shares (ADSs) in this offering, with a total value of up to US$7 billion, at the initial public offering price. According to disclosed information, SK Hynix's IPO is driven by a dual motivation: valuation reassessment and capital expansion. It has long faced a valuation discount, currently trading at a forward 12-month price-to-earnings ratio of 6.2, lower than Micron Technology's 7. Measured by forward price-to-sales ratio, its 3.6 is also lower than Micron's 4.6. The fundamental reason for this valuation gap lies in the obstacles faced by US investors in directly investing in Korean stocks. Furthermore, the funds raised will be invested in expanding domestic production capacity in South Korea, including 45.5 trillion won in capital expenditure and 11.9 trillion won in EUV lithography machine procurement. (leinews)
Morphi, a company specializing in embodied intelligence, has completed a series of angel round financing rounds exceeding 1 billion yuan.
Mars Finance reported on July 7th that Morphi, a holographic intelligence company, officially announced the completion of its angel round of financing, exceeding 1 billion yuan. This round was jointly invested by Alibaba and Tencent, with participation from over ten leading institutions including Guanghe Venture Capital. Following the financing, the company's valuation surpassed 7 billion yuan, setting a record for the largest publicly disclosed first-round financing in the domestic holographic intelligence sector. (Venture Capitalist CLUB)
Twelve Labs is in talks to raise $100 million in Series B funding to develop AI technology that can quickly search and analyze video content.
BlockBeats reported on July 2nd that Twelve Labs is raising $100 million in funding from investors including Amazon, NEA, and Naver Ventures to advance its AI technology for rapidly searching and analyzing massive amounts of video data. The NVIDIA-backed startup stated that this Series B funding round was co-led by NEA and Naver Ventures, with participation from Radical Ventures, Index Ventures, and Korea Investment Partners. Meanwhile, Amazon Web Services (AWS) has signed a multi-year cooperation agreement with the company to use its self-developed Trainium chips to power its AI model workloads, and plans to launch new models on the AWS platform for developers to build AI applications. Founded by Korean-American engineers and headquartered in San Francisco, Twelve Labs focuses on developing AI models that can "understand and retrieve video content," making massive video archives searchable and analyzable, thereby improving content utilization efficiency and monetization capabilities. Click the original link below to join the Beating · Lark AI news channel and monitor global AI hotspots and news 24/7.
The 12th Global Blockchain Summit, hosted by Wanxiang Blockchain Labs, will be held in Shanghai on September 23.
PANews reported on June 30th that, according to official sources, the 12th Global Blockchain Summit, hosted by Wanxiang Blockchain Labs, will be held at the Hyatt on the Bund in Shanghai on September 23rd, 2026, serving as the opening event of the Shanghai International Blockchain Week. The summit, themed "Blockchain New Economy, Intelligent Chain Symbiosis," will discuss topics such as the 12-year development history of blockchain, the integration of AI and blockchain, the transformation of traditional finance, stablecoin payments, and the scaling of RWA. During the Shanghai International Blockchain Week, technical workshops, project roadshows, academic seminars, and ecosystem activities will also be held.