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Yellow Card completes $40 million strategic funding round with participation from SC Ventures and others
Odaily News: Yellow Card announced the completion of a $40 million strategic funding round, with participation from SC Ventures, Sony Innovation Fund, Polychain Capital, Blockchain Capital, and other strategic investors. The project primarily provides stablecoin infrastructure, and the funds from this round will be used to expand its enterprise-facing end-to-end dollar accounts, Global USD Accounts, and to extend stablecoin rails connecting global markets.
Blockchain data infrastructure company Cambrian raises $6 million in seed funding, co-led by Franklin Templeton and Polychain
Odaily reports: Blockchain data infrastructure startup Cambrian has secured $6 million in seed funding, co-led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, Paper Ventures, Nomad Capital, and others.As previously reported by Odaily, Cambrian also received a $5.9 million pre-seed investment led by the a16z Crypto Startup Accelerator, bringing its total funding to $11.9 million.Founded in 2024, Cambrian currently offers APIs for institutions and AI agents, providing real-time and historical on-chain data covering yield, risk, lending rates, trading activity, liquidity positions, and market sentiment, helping users allocate capital on-chain. The company plans to expand its existing APIs into a verifiable blockchain data oracle network, serving institutional financial clients, AI agent builders, and protocols that require reliable data to control capital flows. Unlike traditional oracles that primarily provide price data, Cambrian aims to aggregate data from lending protocols, DEX liquidity, social sentiment, developer activity, and historical market data.According to Cambrian, its platform has processed millions of API calls, currently indexes approximately $4.5 billion in TVL across four major lending protocols, tracks 1,789 vaults managed by 895 curators, and monitors over 320,000 DEX liquidity pools on Base and Solana. The company also plans to expand trading data support by integrating Hyperliquid and richer perpetual contract data.
Polychain and Coinbase-backed Satori Finance Announces Shutdown
Odaily报道: Satori Finance, a multi-chain decentralized exchange backed by investors including Polychain Capital and Coinbase Ventures, has announced it will cease operations and begin the closure process. The platform stated that due to "prolonged unfavorable market conditions," its revenue is insufficient to support continued operations, leading to the decision to gradually wind down. Users must withdraw their assets before 23:59 UTC on July 16, after which the platform will no longer be accessible.In 2022, Satori Finance completed a $10 million seed funding round led by Polychain Capital, with participation from Coinbase Ventures and Jump Crypto. The platform was deployed across multiple networks including Arbitrum, Optimism, and BNB Chain, and initially featured 25x leverage and an "points mining" incentive model. (The Block)
Planet Morning News
1. A whale has accumulated 73,744 ETH over the past 3 days, with an unrealized profit of $4.04 million;2. CNN: Senior U.S. government officials did not anticipate Iran would block the Strait of Hormuz;3. Iran claims resistance group shot down a U.S. military refueling aircraft, all crew members killed;4. A user lost approximately $50 million in a single transaction due to slippage; Aave founder states the interface issued multiple warnings;5. Trump to host luncheon for TRUMP holders, with himself and 18 "superstar" guests in attendance;6. A newly created wallet withdrew 200,000 SOL from Binance 9 hours ago and proceeded to stake it;7. Iran states that a few Trump tweets cannot end the war;8. Ethena plans to adjust the sUSDe unstaking cooldown period to a dynamic mechanism, potentially reducing it to as short as 1 day;9. VeryAI completes $10 million seed funding round led by Polychain Capital;10. A whale deposited 5.6 million USDC into Hyperliquid over the past 2 hours to short oil.
VeryAI Completes $10 Million Seed Round Led by Polychain Capital
Odaily News: Identity verification startup VeryAI has completed a $10 million seed round led by Polychain Capital, with participation from Berggruen Institute, Anagram, and several angel investors from the crypto space. VeryAI currently focuses on serving crypto platforms, offering a palm print scanning SDK based on smartphone cameras. Partners can integrate it into their existing applications to combat bot accounts and multi-factor authentication fatigue. (Axios)
On-chain analytics tool Parsec announces cessation of operations
Odaily News On-chain data analytics platform Parsec has announced its official shutdown. The team stated on its official website and social media platforms that the project has ceased operations after five years of service and is currently processing refunds and canceling all active subscriptions.Launched in early 2021, Parsec provided a customizable on-chain data terminal and analytics platform, enabling users to build data dashboards and visualization tools for areas such as DeFi and NFTs, along with API services. Its Parsec Agent also attempted to integrate large language models (LLMs) for on-chain research and analysis, including prediction markets, social sentiment, and market activity monitoring.The project had previously completed a $1.25 million seed round and a $4 million seed extension round, with investors including Galaxy Digital, Polychain Capital, Robot Ventures, and Uniswap Ventures.
Story Protocol (IP) Delays Investor and Team Token Unlock to August, to Partner with Major AI Giant in Q3
Odaily News Story Protocol has extended the token unlock for early investors and the team by six months to August this year, from the originally scheduled date of February 2026, in order to reduce short-term selling pressure and market volatility. This plan has been agreed upon by major investment institutions including a16z and Polychain Capital. The board stated that this move aims to avoid anticipatory selling before the unlock and will utilize the next six months to advance revenue growth, PMF validation, and collaboration with a major AI enterprise. After the adjustment, investors will unlock 25% of their tokens 18 months after the TGE, with the remainder being released linearly on a monthly basis before the 42nd month. (Bloomingbit)
Planet Morning News
1. HYPE fell to $22.3, a low since May; 2. CZ's counterparty whale's profits shrank from nearly $100 million to $11.4 million, and the liquidation price of HYPE long positions was around $22; 3. Twenty One Capital CEO: Shorting the US dollar and going long on BTC is part of the company's business; 4. The European Central Bank plans to launch a digital euro in the second half of 2026; 5. The MEV transaction will be submitted as new evidence for consideration in the Pump.fun class-action lawsuit; 6. Cardano founder: Excluded from the crypto legislation process due to his public criticism of Trump's crypto policies; 7. Digital bank SoFi launched its USD stablecoin, SoFiUSD, and plans to make it available to its members in the future. 8. JPMorgan Chase: The stablecoin market size may reach $500-600 billion by 2028, less than $1 trillion; 9. Market News: ICE, the parent company of the NYSE, plans to invest in MoonPay at a valuation of $5 billion; 10. Kalshi: There are no plans to introduce a college athlete transfer prediction contract at this time; 11. Bitwise has submitted registration documents for the Sui ETF; 12. Decentralized broadband protocol DAWN completes $13 million Series B funding round, led by Polychain Capital.
Decentralized broadband protocol DAWN completes $13 million Series B funding round, led by Polychain Capital.
Odaily Planet Daily reports that decentralized broadband network protocol DAWN has announced the completion of a $13 million Series B funding round, led by Polychain Capital. The new funds will be used to expand the protocol's network coverage in the United States and to advance its international deployment. DAWN, built on Solana, allows individuals and organizations to become network hosts by deploying wireless nodes, providing multi-gigabit broadband services to users and earning rewards based on coverage quality and actual demand. This model aims to break down the highly centralized infrastructure ownership structure of the traditional broadband industry, distributing network resources to the end-user side, and falls under the category of decentralized entity infrastructure (DePIN) applications. Currently, DAWN's network covers over 4 million households in the United States and has launched an international pilot program in Accra, Ghana, focusing on areas where fiber optic deployment is costly and slow. The project has also launched a hardware device called Black Box, which functions as both a router and a decentralized infrastructure node, supporting multiple blockchain ecosystems and enabling home users to directly participate in broadband services and earn rewards. (CoinDesk)
ETHGas completes $12 million seed funding round, led by Polychain Capital.
Odaily Planet Daily reports that ETHGas, the Ethereum blockchain futures market, has announced the completion of a $12 million seed funding round, led by Polychain Capital, with participation from Stake Capital, BlueYard Capital, Lafayette Macro Advisors, SIG DT, and Amber Group. The project previously completed an undisclosed pre-seed funding round of approximately $5 million in mid-2024. This funding round was conducted entirely through a token offering using the Simple Future Token (SAFT) protocol, but the post-funding valuation was not disclosed.
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