Circle Ventures invests in blockchain analytics and compliance firm Elliptic.

Hyperliquid Policy Center (HPC) and Phantom have jointly submitted comments to the U.S. Commodity Futures Trading Commission (CFTC) in response to the agency’s request for feedback on whether existing rules keep pace with the evolution of financial technology, proposing to explicitly extend the distinction between "building tools" and "operating regulated businesses" to on-chain markets. The comments note that software engineers have been developing matching engines for regulated futures trading platforms for decades, and the CFTC has never classified them as trading platform operators. However, developers in the digital asset sector have long lacked such clarity, forcing many to opt for offshore development. The current CFTC, led by Chairman Selig, is working to address this gap and carve out room for innovation for fintech firms in digital asset and derivatives markets. The two entities put forward three key recommendations: First, explicitly confirm that merely publishing on-chain protocol software itself does not require registration — a factor often decisive for engineers when choosing where to develop. Second, establish a clear path for the CFTC’s registration bodies to operate regulated functions using on-chain infrastructure, enabling trading platforms and clearinghouses to replace decades-old legacy systems with transparent infrastructure. Third, formalize Phantom’s recent no-action letter into official rules, eliminating the need for self-custody wallet providers to apply for approved exemptions on a case-by-case basis. HPC and Phantom stress that self-custody and transparent on-chain systems can embed investor protection directly into technology, while regulated intermediaries retain responsibility for issues that technology cannot resolve independently. This approach will bring the next generation of financial markets within reach of U.S. consumers.

Micron Technology plans to increase spending on its new U.S. factory to $250 billion to meet the surging demand for memory chips driven by the global artificial intelligence boom. The move adds $50 billion to Micron’s previously announced $200 billion commitment to expanding domestic U.S. chip manufacturing, covering projects in New York, Idaho, and Virginia. The expenditure is expected to run through 2035, and will help the company achieve its target of producing 40% of its DRAM products in the U.S. within the next decade.

Crypto research firm Santiment notes that market FUD (Fear, Uncertainty, Doubt) surrounding SOL has hit its highest level in 2026, a development that typically signals a bullish indicator. Currently, Solana is facing a toxic mix of negative sentiment: trading volume has fallen to its lowest level of 2026, while negative comments have just spiked to their highest daily mark this year. Much of the frustration stems from the fact that despite Solana’s strong narrative around tokenized stocks and real-world asset (RWA) activity, its price has failed to deliver meaningful returns for traders. This is where it gets interesting: when sentiment is excessively negative and trading activity is thin, large holders (whales) often encounter less retail selling resistance if they choose to push prices higher. At a time when traders least anticipate a rebound, SOL may be in this low-attention, high-FUD zone, primed for rapid, sharp price fluctuations.

MARA Holdings subsidiary Volt Texas has signed an agreement with HIF USA to acquire a majority stake in MAT 1177 LLC, the entity holding the Texas data infrastructure park project, with the seller retaining only a partial minority stake. The project company holds a letter of intent signed with a power utility, which plans to supply up to 2000 MW of power for the park to build a large-scale digital infrastructure facility supporting high-performance computing and Bitcoin mining. Transaction consideration is paid in milestone-based installments; if all development milestones are completed, the total acquisition amount will reach up to $600 million. Installment obligations will be triggered upon completion of related land acquisition, power access, and subsequent data center lease execution.

The Hyperliquid Policy Center has submitted a response to the U.S. Commodity Futures Trading Commission (CFTC)’s request for input on future regulatory directions, calling for formal recognition that on-chain protocols do not need to be registered, non-custodial wallets do not act as financial intermediaries, and a clear path for carrying out regulatory functions on-chain.

According to Securities Times, Alibaba has cumulatively invested around 7.6 billion yuan in Changxin Technology, making it the industry investor with the highest shareholding ratio. Per Changxin Technology’s prospectus and public information, the Alibaba group first took a stake in Changxin Technology in December 2021. After dilution from multiple rounds of financing, the stake from this initial investment stood at around 1%. Three and a half years later, in June 2025, the Alibaba group made a large additional investment, raising its pre-IPO stake to around 5%: Alibaba Cloud holds 3.85% and Alibaba Network holds 1.12%. As a result, the Alibaba group’s total cumulative investment in Changxin Technology amounts to approximately 7.6 billion yuan. It is understood that Alibaba Cloud was also one of the largest single investors in the final round of capital increase before Changxin Technology’s listing.