Strategist: Beyond oil price shocks, AI investment demand could become a new driver of US inflation.

According to monitoring by Onchain Lens, the Binance hacker has transferred or laundered nearly $900 million in stolen funds. Of the total estimated stolen funds of $6.34 billion: $891.37 million has likely been transferred or laundered; $2.85 billion remains under the hacker’s control; and $2.6 billion has been frozen. Over the past 2 to 3 days, the hacker has been actively moving funds via THORChain and Chainflip.

Social trading app Fomo announced that users can now directly trade any Solana ecosystem tokens via X’s Cashtags, access real-time market data powered by Solana, and complete one-click trades.

Joe Saluzzi, partner and co-head of equity trading at Themis Trading, stated: "Inflation data coming in above expectations has prompted some to reassess market outlooks. Notably, Federal Reserve officials previously signaled that if inflation remains elevated, the U.S. central bank could deliver a 50-basis-point rate hike in a single move before the end of the year. I believe a 50-basis-point hike now is too large a move, but a 25-basis-point increase remains a viable option for now. This latest reading is indeed higher, confirming inflation’s persistence. Overall, as long as interest rates and inflation stay elevated, rates will remain under upward pressure. This will exert sustained stress on companies reliant on borrowing for financing, potentially eroding their profitability and ultimately weighing on stock prices. For some time, businesses have been able to weather this environment to a certain degree, but if the situation persists, I expect the stock market to face greater headwinds."

According to Fortune, Alta, a developer of a Layer 1 blockchain for banks and large financial institutions, announced Tuesday it has closed a $47.5 million Series A funding round, with its valuation undisclosed. The round was led by Index Ventures, with participation from GV (Google Ventures), Blackbird Ventures, Square Peg, and Capital49. Prior to this, the firm secured a $32.5 million seed round, backed primarily by Australian fintech giant Airwallex, which currently competes with firms like Stripe in the global payments market. Alta CEO Loong Wang previously founded a crypto startup that he sold in 2021, then joined a second startup leveraging quantum computing for drug discovery. He later returned to the crypto space and co-founded Alta with former Meta executive Catherine Porter. The company recently rebranded from its original name, Metal. Porter was involved in Meta’s abandoned crypto initiative. In an interview, Wang said that despite the proliferation of so-called Layer 1 blockchains in the market, he decided to build a new blockchain because he believes blockchain is the optimal technology for value transfer. He also noted that existing blockchains do not offer a full set of privacy and compliance tools tailored specifically for banks and other large financial institutions.

According to monitoring by Onchain Lens, a trader holding long positions in both BTC and ETH suffered three consecutive liquidations on Hyperliquid, with cumulative losses amounting to $5.08 million. The trader previously held positions worth approximately $35.13 million, and total account losses have reached $5.29 million.

Marble announced its official launch and completion of a $11 million seed financing round today. The round was led by Polychain Capital, with participation from venture capital firms and strategic investors including Maven 11, Ripple, Susquehanna Crypto, Lattice, Blockwall, as well as individual investors focused on the AI sector. Marble provides capital and liquidity to global frontier markets via its two core business lines: Marble Compute, which is building an institutional private credit system for AI infrastructure, connecting institutional lenders with emerging cloud providers (Neocloud) and GPU operators advancing AI infrastructure; and Marble Markets, which is developing an institutional trading platform covering digital assets, real-world assets (RWA), prediction markets, and computing power markets. Marble was co-founded by Matt Ballensweig and Leon Marshall, who serve as co-CEOs. Ballensweig previously served as Global Head of Trading at BitGo, where he built and led its institutional trading business, and co-led trading and lending operations at Genesis. Marshall was most recently CEO of Europe at Galaxy Digital, and held prior roles at Genesis, Apollo, and Trafigura. The firm added that it will continue expanding its team in the coming months, with plans to recruit senior talent from leading trading firms, trading platforms, and AI infrastructure companies.