From AI infrastructure and DePIN to compliance tools and liquid staking, 28 Web3 projects secured $10M+ seed rounds in the past year. The full class of 2025–2026, in one place.

Sui Network is experiencing significant network issues for the second consecutive day, with network activity halted. Sui Status has classified the incident as a Major Outage across both days, with the root cause traced to a failure in mainnet settlement.

On-chain data confirms the severity of the outage, the Sui blockchain explorer shows no new blocks produced for over two hours, meaning all transaction finality has stopped.

Visa made an undisclosed investment in AI coding platform Replit and is exploring integrating its payment products directly into the platform, letting developers and AI agents accept payments without leaving Replit. Over 1,000 Visa employees already use the platform internally.

The partnership centers on Visa Intelligent Commerce and Visa’s Trusted Agent Protocol, a system that lets AI agents securely identify themselves and verify payment intent. Both projects remain exploratory with no joint products formally announced.

Replit also launched self-serve enterprise access, allowing companies to sign contracts up to $200k without a sales call. The company raised $400M in March at a $9B valuation, tripling its value in under six months.

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Hypernova, a proprietary trading platform built on Hyperliquid, raised $3M in a pre-seed round led by Lemniscap. The round was oversubscribed 3x and structured as a SAFE with token warrants.

The platform is developing an onchain prop trading model that uses smart contracts to automate payouts and settle trader activity with transparent execution rules.

Of the $3M raised, $1M is allocated to a payout reserve with the rest going toward team expansion and public launch. Since opening alpha on May 1, the platform has onboarded 250 traders, funded 20+, and paid out over $30k. Public launch is expected within two months.

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OKX has confirmed a KRW 80 billion (about $53M) investment to acquire a roughly 20% stake in South Korean crypto exchange Coinone, pending regulatory approval. The deal runs alongside Korea Investment & Securities, which is taking a matching ~20% stake, bringing the combined sum to ~$106M.

The transaction is structured mainly through a new share issuance rather than existing share sales, a setup designed to maximize fresh capital inflows into Coinone. The current management team is not expected to change as a result.

FalconX has confidentially filed a draft S-1 registration statement with the SEC. The crypto prime broker has hired Wall Street firm Cantor and other bankers to advise on the IPO. The listing is not expected before the end of the year given market conditions.

The California-based firm, last valued at $8B in a 2022 Series D round, primarily serves institutional clients such as hedge funds, asset managers and market makers.

VanEck has launched VBNB, the first US spot BNB ETF, on Nasdaq. The fund carries a 0.39% sponsor fee, holds actual BNB in cold storage through custodian Anchorage Digital, and uses the MarketVector BNB Benchmark Rate for daily share pricing.

At launch, VBNB will not engage in staking, meaning performance reflects only BNB's price appreciation less fees, which may cause the ETF to lag the returns of direct BNB holders who participate in staking.

BNB Chain processes over 14 million transactions per day, serves 2.5 million daily active users, holds $16B+ in stablecoins, and $3.6B in tokenized real-world assets — making it one of the most economically active blockchain networks in the industry.

Anthropic raised $65B in Series H funding at a post-money valuation of $965B — vaulting it ahead of OpenAI ($852B) in both market value and reported revenue, and making it company one of the most valuable private startups in history.

Anthropic also launched Claude Opus 4.8, an incremental upgrade to Opus 4.7 that shows the biggest gains in terminal coding, knowledge work, and financial analysis.

Across stablecoin adoption, exchange investment and AI infrastructure, this week shows how broadly crypto is expanding into mainstream finance and how quickly regulators are moving to keep pace.

🔎 Recent Updates & Developments

Across stablecoin adoption, exchange investment and AI infrastructure, this week showed how broadly crypto is expanding into mainstream finance and how quickly regulators are moving to keep pace.

– Samsung acquired 4% stake in Upbit operator Dunamu for $408M, deepening exposure to Korea’s crypto market

– Cash App rolled out native USDC support across Ethereum, Solana, Polygon and Arbitrum networks

– StablR lost $13.5M after an attacker gained control of its minting infrastructure and issued unbacked EURR and USDR tokens.

– Blockworks launched Transparency Alliance with Coinbase, Kraken, Ripple and Grayscale to standardize token disclosures

– Base launched MCP infrastructure connecting AI agents directly with onchain protocols and blockchain actions

– Hyperliquid launched CPI-based event markets settled through official government inflation data feeds

This attack was carefully prepared over weeks, not executed overnight. Chainalysis traced the attacker’s setup back to late April, when a linked wallet moved XMR through a privacy bridge, swapped into USDC, bridged to Ethereum, and bonded RUNE on THORChain to operate as a legitimate validator before executing the exploit.

The attack targeted THORChain’s GG20 threshold signature scheme, where validators jointly sign transactions using split key shares. By exploiting a flaw in the implementation, the attacker gradually extracted enough key material to reconstruct private key and bypass signing process.

THORChain detected abnormal balances within minutes and halted the network through validator coordination and emergency governance actions, without any central authority. Only 1 of 6 Asgard vaults was breached: $10.7M was drained, while the remaining vaults, LP positions, and user funds were unaffected.