Alta Closes $47.5 Million Series A Funding Round Led by Index Ventures

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."

Annex Wealth Management’s chief economic strategist Brian Jacobsen noted that core CPI’s month-on-month rate hit 0.3% again. The issue is not only that overall CPI remains elevated, but also that oil price shocks have passed through to core inflation. Chicago Fed President Austan Goolsbee is not a voting member this year, but when he pointed out that AI demand could be a factor the Federal Reserve needs to curb, he may be speaking for many Fed officials. Furthermore, Fed Governor Christopher Waller said he might back a larger interest rate hike. The Fed is now likely more worried that AI investment demand will crowd out resources from other economic activities and drive up prices. Setting aside oil prices, the Fed’s new concern could be rising employment costs for skilled trades like plumbers and electricians.

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.