TurboFlow, an onchain trading platform focused on prediction markets and perpetual futures, has raised $6 million in seed funding.

Pantera Capital led the round, with Susquehanna Crypto and Digital Currency Group also participating. The deal closed in March and was structured as a SAFE with token warrants.

Based in Hong Kong, TurboFlow wants to become the Kalshi of APAC, targeting a region where prediction markets remain far less developed than in the West. The company aims to bridge the gap between Asian users and institutional-grade liquidity through localized products and faster execution.

The platform says it has been in beta for over six months, attracted more than 15,000 registered users, and processed over $19 billion in trading volume. TurboFlow currently has more than 30 employees and plans to stay relatively lean as it scales.

The Ethereum Foundation has announced a significant restructuring, reducing its workforce by 54 employees, or roughly 20% of its staff. The move follows a months-long review aimed at aligning the organization with its updated mandate and long-term priorities.

As part of the overhaul, the Foundation introduced a new structure built around five core areas: Protocol, Access, User, Community, and Institutional Layers. The changes are designed to strengthen Ethereum's focus on scalability, privacy, decentralization, and real-world adoption.

The Foundation stated that the restructuring will allow it to concentrate resources on critical initiatives while reducing distractions from short-term market conditions. Departing employees will receive severance packages and transition support as they pursue new opportunities within the broader Ethereum ecosystem.

Allium has secured $40M in Series B funding led by Amplify Partners, with participation from Kleiner Perkins, Theory Ventures, and Pruven Capital. The round will support product development and team expansion as institutional adoption of blockchain technology accelerates.

The company provides standardized blockchain data infrastructure across more than 150 networks, helping enterprises transform raw on-chain activity into actionable insights. Its customers include Visa, which uses Allium for its Onchain Analytics Dashboard, and Boston Consulting Group.

Since its Series A, Allium has grown revenue more than 10x as demand for blockchain data solutions continues to rise. The company says increasing stablecoin adoption, tokenized assets, and on-chain payments are driving the need for reliable blockchain data across the financial sector.

Immutable is restructuring its business, cutting 29 game development roles and outsourcing most operations related to its gaming titles, including Gods Unchained and Guild of Guardians.

The company is pivoting toward its AI-powered marketing platform, Immutable Audience.

The platform helps game publishers improve player acquisition, engagement, and conversion rates across both Web2 and Web3 games. According to Immutable, Ubisoft's Might & Magic: Fates achieved a 3x increase in download conversion using the product.

Despite a challenging Web3 gaming market and IMX trading over 98% below its all-time high, Immutable says it still has a 10-year runway following its $200M Series C raise. The company expects its new strategy to accelerate platform growth, targeting up to 500 new games annually.

Google is taking a roughly $75M equity stake in A24, the studio behind Backrooms, as part of a multiyear, nonexclusive research partnership with Google DeepMind. It is Google's first equity stake in a film studio.

A24 filmmakers gain hands-on access to DeepMind's research infrastructure, while DeepMind gets real-time feedback from working directors. An early project at A24 Labs uses AI to generate storyboards.

The deal does not give Google access to A24's existing film library or content data. DeepMind CEO Demis Hassabis framed the goal as building tools that work with artists from day one, not in isolation.

Luxembourg's regulator, the CSSF, issued Ripple a Green Light Letter toward a MiCA crypto-asset service provider (CASP) license. Once finalized, a single CASP authorization passports across all 30 EEA countries, the largest expansion of Ripple's regulated reach in Europe to date.

Paired with its existing Luxembourg electronic money institution (EMI) license, the approval clears a path for Ripple to issue and redeem its RLUSD stablecoin for European clients under MiCA. For now it is preliminary, still subject to final conditions.

One license, 30 markets: instead of seeking approval country by country, Ripple can serve the entire European Economic Area from its Luxembourg base.

Reflection, an open-source AI startup founded by two former Google DeepMind researchers, will tap Nvidia GB300 capacity at SpaceX's Colossus 2 data center near Memphis, in an agreement worth up to $6.3B.

From July 2026, Reflection will pay $150M per month through 2029. Either company can exit on 90 days' notice after the first three months.

The deal is Reflection's first compute agreement and one of the largest publicly disclosed open-AI infrastructure commitments to date, with SpaceX's external compute backlog now topping $80B through 2029.

Founder Kain Warwick confirmed the original SNX-backed sUSD will be retired after more than a year below its dollar peg. Holders can redeem at 4:1 SNX, a premium to par, paired with a lockup.

The decision follows v3 exchange failures, slow v4 scaling, and no native yield on sUSD. Supply was cut from over $1B in an orderly reduction, but roughly $50M of debt remains, more than current revenue can service.

With the treasury unable to keep buying back sUSD indefinitely, Synthetix is choosing an orderly wind-down over an open-ended defense of the peg.

Franklin Templeton is building out a dedicated active crypto arm, Franklin Crypto, aimed at institutional allocators. The deal brings in the 250 Digital team and all liquid crypto strategies it ran after spinning out of CoinFund earlier this year.

Christopher Perkins will lead the new division, with 250 Digital CIO Seth Ginns keeping the CIO role. Terms were not disclosed, though part of the consideration is being paid in BENJI, the token tied to Franklin's on-chain money-market fund.

With Franklin Crypto, one of the world's largest asset managers now runs an in-house active crypto desk built for institutions, not just an ETF wrapper.

Named OKXICE and co-chaired by former New York Governor Andrew Cuomo, the venture plans to register as a U.S. broker-dealer and futures commission merchant, opening NYSE-listed equities and ICE futures to OKX's 120 million users on-chain.

It deepens a relationship that began with ICE's $200M investment in OKX at a $25B valuation earlier this year. Both sides say they will explore additional blockchain-based markets, subject to regulatory approvals.

The owner of the New York Stock Exchange and one of the largest global crypto exchanges splitting a tokenized-markets venture down the middle marks one of the deepest TradFi and crypto tie-ups to date.