Key Overnight Developments in Global Markets
From late night to early morning, significant moves unfolded across fintech and digital assets, spanning innovations in traditional finance, major AI funding rounds, and evolving crypto infrastructure.
Traditional Finance & Macro Policy Shifts
Prediction market platform Kalshi has filed an application with the U.S. Commodity Futures Trading Commission (CFTC) to launch perpetual futures contracts linked to the price of gold. This product is designed to offer investors exposure to gold without the need for physical settlement.
Separately, U.S. Trade Representative Greer indicated that the administration is preparing a new round of tariffs, though specifics remain undisclosed, prompting renewed market attention on global trade conditions.
Surge in Tech & AI Funding
AI firm "Moonshot" has captured significant interest. Reports suggest the company is negotiating a Pre-IPO funding round at a valuation of approximately $50 billion, which would solidify its status as one of the world's most valuable AI unicorns.
Latest Moves in Crypto & Blockchain
The crypto banking sector continues to attract substantial capital. Augustus has closed a $180 million strategic funding round led by investment firm Tiger Global. The capital will be used to expand its compliant banking services and product offerings.
Pavel Durov, founder of messaging app Telegram, announced via his channel that a native non-custodial wallet—the Gram wallet—will be integrated for all Telegram users. This move aims to further lower the barrier to entry for digital assets and strengthen its Web3 ecosystem.
In enterprise blockchain, Digital Asset, the developer behind the Canton network, has secured an additional $10 million in funding. This brings its total raised to $365 million. The fresh capital will support adoption and development of its privacy-focused blockchain network designed for synchronized settlement.