Institutional conviction showed up in multiple forms this week, from a $60B tech M&A and a $7.4B AI funding round to traditional finance moving its core infrastructure directly onchain across credit ratings, settlement, and RWA distribution.

🔎 Recent Updates & Developments 

– SpaceX acquired Cursor’s maker Anysphere in a $60B merger for AI infrastructure

– DeepSeek closed a $7.4B round at $50B valuation, backed by Tencent and JD

– Ethereum’s Glamsterdam entered final testing with 60M→200M gas limit and 78% fee reduction

– Trace Finance raised $32M Series A led by CoinFund, with Coinbase Ventures and Paxos

– Moody’s brought its credit ratings onchain to Solana, a first for a major permissionless blockchain

– Re secured a strategic investment from Coinbase Ventures, having written $500M in reinsurance premiums

– Plume brought PIMCO-backed fixed-income vaults to Bybit users onchain