Odaily reports that Bitwise has launched the Lighter Staking ETP, giving investors exposure to LIT through the Deutsche Börse Xetra platform. The product trades under the ticker BLIT and tracks the Kaiko Lighter Reference Rate Index, with plans to implement staking rewards once assets under management reach a certain level.

Odaily News: Starcloud plans to build a space-based Bitcoin mining facility before the end of this year and activate ASIC miners dedicated to cryptocurrency mining after its second spacecraft enters orbit later this year. Starcloud CEO Philip Johnston stated that the team will become the first to mine Bitcoin in space.

Odaily News: SoftBank Group has launched what is set to become one of the largest corporate junk bond offerings in history, as the Japanese conglomerate turns to debt investors to finance its massive investments in artificial intelligence. As one of the world's largest AI investors, SoftBank has begun marketing the multi-part deal, with initial price guidance for the dollar-denominated portion underway. The group aims to raise more than $11 billion through this issuance, including a $10 billion dollar-denominated tranche and a €1 billion (approximately $1.1 billion) euro-denominated tranche.This offering is the latest in a series of moves by SoftBank in the bond market this year, designed to help fund its nearly $65 billion commitment to OpenAI and to finance further M&A in the sector. (Jinshi)

Odaily News: The fund was founded by Abu Dhabi-based investor and Further Ventures co-founder Mohamed Hamdy, with Thoro Capital Management serving as the manager and Mohamed Hamdy as Managing Partner. Thoro Capital Management will settle in USD via stablecoins and lend directly to digital asset institutions, with Hashed as the anchor investor. The fund employs a covenant-based underwriting approach, assessing borrowers' financial condition, cash flow, and management performance, aiming to alleviate the financing issues caused by traditional banks' regulated capital requirements and crypto lenders' reliance on asset-collateralized underwriting. Tokenized private credit has become the largest real-world asset (RWA) category by cumulative on-chain lending volume, with total loans exceeding $14 billion, while the traditional private credit market exceeds $3 trillion. Previously, Hashed obtained a financial services permission from the Abu Dhabi Global Market and signed a memorandum of understanding with the Abu Dhabi Investment Office.

Odaily News: Taylor Lindman, Chief Legal Counsel of the SEC's Crypto Task Force, stated that the SEC is advancing crypto asset custody rules, and the related proposal has been submitted to the White House Office of Management and Budget for review, covering investment companies and broker-dealers.The rules aim to clarify that broker-dealers holding non-security crypto assets do not require special registration, and would allow investment advisers to place client assets with state-chartered trusts and other institutions. After the review is completed, the SEC will formally propose the rules and seek industry and public feedback.

Odaily News: The fund's investors include FalconX, Hutt Capital, Arrington Capital, as well as Nic Carter, Rob Hadick, and Jake Brukhman. The fund will primarily invest in Day Zero, Pre-Seed, and Seed stage crypto startups, with individual investments ranging from $250,000 to $750,000, focusing on open financial infrastructure and decentralized AI, and plans to deploy over the next 3 to 4 years.

Odaily News: European asset management company 21shares has launched physically-backed Zcash ETP and Ether.fi ETP on Euronext Paris and Amsterdam markets, tracking ZEC and ETHFI respectively. Investors can gain exposure through brokerage accounts without directly holding the tokens.ETHFI is the governance and utility token of the decentralized finance protocol Ether.fi. Both ETPs carry an annual management fee of 2.5%. (Cointelegraph)

Odaily reports that "White-Haired Stock Guru" Serenity posted on X platform, stating that traditional value investing appears to have entered a "hibernation period." In the past, investors would look for companies with P/E ratios of 10 to 12 times, slow growth but able to compound value through cash flow buybacks and dividends. Now the market has even seen companies with a P/E ratio of just 1.8 times and revenue growing 605.24% year-over-year, and the main thing investors need to discuss is how long the growth can last. In addition, Sumitomo of Japan has a P/E ratio of only 16.2 times, but it has a large number of long-term agreements with hyperscale cloud service providers in its AI-related businesses, from optical fiber to lasers.Serenity believes that AI has created a greater valuation mispricing in the medium term, gradually shifting "value investing" toward high-growth "deep value" companies.

Odaily News: RWA platform Midas has introduced two tokenized investment products, mWIN and mGLOBAL, to Avalanche, offering an institutional fixed income strategy managed by Wellington Management and an alternative credit strategy managed by Fasanara Capital, respectively. Both products can be programmed and transferred on-chain and used in related financial applications; among them, mWIN is primarily linked to diversified fixed income portfolios, while mGLOBAL is linked to receivables and asset-backed credit strategies.

Odaily News: Infini is a stablecoin payment platform. This funding round saw participation from SNZ, Reforge, Enlight Capital, Nordic Digital Ventures, Fortwest, and Vernal. The funds will be used to expand its global payment network, support more markets, currencies, and payment methods, and strengthen compliance, licensing, and risk control. The Infini App is now live, and the company is refining its global accounts, stablecoin payments, and everyday spending features. It also plans to further develop AI Agent and financial systems, integrating cash flow analysis, bookkeeping, approvals, and payments.