Digital Asset Exchange Company LO:TECH Completes $5 Million Seed Round Funding, Led by 13books Capital

On August 21, officials from the US Department of Justice urged Chair Powell of the Fed to replace Governor Quarles. (Xinhua News)

On August 21st, Verb Technology Company, Inc. (listed on NASDAQ as VERB and to be renamed Ton Strategy Company) announced today that the company's treasury assets have exceeded $780 million. This includes $713 million in Toncoin (TON) and $67 million in cash. Previously, on August 8th, Verb Technology completed a $558 million private placement. It was participated in by over 110 institutional and crypto-native investors. The company will use most of the funds raised in this private placement to purchase TON as its primary treasury reserve asset. The aim is to accumulate more than 5% of TON's circulating supply.

On August 21st, as monitored by on-chain analyst Wu Ji, a whale/institution that had been holding 10,606 BTC for 7 years achieved a profit of $1.12 billion. In the past 24 hours, it sold 2,070 BTC ($235 million). A portion of the proceeds from the BTC sale was used to purchase 30,367 ETH ($131 million) in the spot market; part of it was used to open a long position of 78,000 ETH through contracts (with a position value of $336 million). It still holds 8,437 BTC ($960 million) and may continue to shift to ETH.

On August 21st, Harker of the Federal Reserve stated that according to the current data, there will be no rate cut in September. (CNBC)

On August 21st, the vertical AI startup EliseAI successfully completed a Series E funding round of $250 million. This round was led by A16z, and Bessemer Venture Partners, Sapphire Ventures, and Navitas Capital also participated. As a result, the company's valuation doubled to more than $2.2 billion. EliseAI was founded in 2017 by Minna Song (CEO) and Tony Stoyanov (CTO). It has been committed to building domain-specific AI systems that can be used in call centers, manage patient appointments, handle apartment rental requests, etc., without the need for repetitive tasks that usually drain employees and frustrate customers.

On August 21st, Zora initiated the short video feature Vidz, enabling users to engage in trading and discover creators' videos directly within the application.