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Meituan led the Series A funding round, bringing Mindverse's total funding to nearly $50 million. The company will open-source its first 750B reinforcement learning agent model based on GLM 5.1.

According to Beating, Mindverse, an AI agent developer, announced the completion of its Series A financing round, led by Meituan, with participation from Yuanhe Capital, Shokz, Variable Capital, and existing shareholders. The total financing reached nearly $50 million, with Gaohu Capital serving as the exclusive financial advisor. Mindverse was co-founded by Chen Kaijie and Andrew (who co-authored the ReAct/FireAct papers with Yao Shunyu). Its core R&D team comes from DeepSeek, ByteDance Seed, and xAI, and the company is dedicated to building native agent models through post-training and continuous learning technologies. Unlike conventional approaches that rely on external prompts, Mindverse firmly believes that the core capabilities of an agent come from the model's "post-training." The company uses LoRA as the technological foundation for continuous learning and parameterized memory, and by the end of 2025, it achieved lossless LoRA reinforcement learning for a trillion-parameter MoE model, reducing post-training costs to one-tenth of full-parameter training. Through the Mixture of LoRA architecture, thousands of independent "skill packs" (LoRAs) representing different preferences or business experiences can be mounted on a shared dock, supporting dynamic and rapid activation (in seconds) and clean privacy isolation. Mindverse announced that it will open-source its latest trained 750B parameter agent model, which includes a 744B pre-trained GLM 5.1 dock and 6B LoRAs. It is the world's first result to complete reinforcement learning training on GLM 5.1 and has achieved state-of-the-art (SOTA) results in four major leaderboards: Living Bench, Vita Bench, A2UI, and PinchBench. In terms of products, Mindverse adopts a two-way flywheel for collaborative iteration between model training and the C-end life agent application Macaron (2 million users, 100,000 daily active users); commercially, it has partnered deeply with Huawei Cloud, Microsoft Cloud, and others to open up low-cost, high-concurrency LoRA training and inference infrastructure to enterprises.
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07-08 20:33

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07-08 20:31

The Bank of Korea has released a regulatory proposal suggesting that personal stablecoin transactions exceeding $10,000 should be limited to transfers from verified wallets.

According to Mars Finance, the legal team of the Bank of Korea has published a research paper titled "Regulatory Scheme for Foreign Remittance Transactions Targeting Stablecoins," proposing regulatory recommendations for large-scale stablecoin transactions. The paper, referencing current South Korean foreign exchange control regulations, proposes constraints on stablecoin transfers exceeding $10,000 between individuals, requiring such transactions to be conducted only between officially certified wallets, along with a pre-reporting mechanism. The institution acknowledges that there are technical obstacles to fully controlling unregistered wallets, but due to anti-money laundering compliance requirements, it is necessary to strengthen restrictions on large-scale cross-border stablecoin fund flows. South Korean regulators have previously repeatedly stated the need to improve the monitoring system for cross-border crypto asset transactions using non-custodial wallets; this paper further refines and implements the regulatory approach.

07-08 20:22

Gate responded to online rumors of user asset theft: An urgent investigation is underway, and preliminary assessments indicate it is an isolated incident.

According to Foresight News , Gate responded to online reports of user assets being stolen, stating that the incident shows the customer made a withdrawal between 3:00 PM and 4:00 PM on July 7th, and reported the loss to online customer service at 5:00 PM on July 8th. Gate has initiated an investigation, and the incident is currently under urgent investigation. Preliminary assessments indicate it is an isolated case, there are no system security vulnerabilities, and the website is operating normally. Preliminary investigations suggest this incident may be related to a leak of user information; the specific details are under investigation. Gate will disclose further details as soon as the investigation concludes.

07-08 20:19

Justin Sun has staked $430 million in Ethereum on Lido, yielding an annualized return of approximately $9.5 million.

According to Odaily Lens monitoring, Justin Sun Sun has been continuously staking ETH through Lido Finance. 23 hours ago, Justin Sun staked another 13,000 ETH, worth approximately $23.08 million, bringing his total staked ETH on Lido to 247,436 stETH, currently valued at approximately $430.2 million. Data shows that since February 2023, this staking position has generated a total of 11,307 stETH staking profits, worth approximately $26.82 million. Based on the current profit level, Justin Sun position has an annualized return of approximately $9.5 million.

07-08 20:17

Guangdong: By the end of 2027, the province's urban digital infrastructure support capabilities will be significantly enhanced.

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07-08 20:10

Morgan Stanley reiterated its "overweight" rating on RKLB and raised its bullish price target to $293.

Odaily Odaily that Morgan Stanley reiterated its "Overweight" rating on Rocket Lab (RKLB) and maintained its target price of $105, but raised its most bullish target price from $185 to $293. Morgan Stanley analysts believe that the acquisition of Iridium will expand Rocket Lab's potential market space and reposition the company as a vertically integrated space platform. While SpaceX has significant scale and cost advantages over Rocket Lab, the latter is moving closer to the former's model.