News from the frontier of crypto, AI & payments.
Coverage and analysis at the intersection of crypto, AI, and payments — through the lens of institutional custody.
River AI Raises $1.1B Two Months After Launch, xAI Co-Founder Bets on Personal AI Agents
River AI, founded by xAI co-founder Igor Babuschkin, secured $1.1 billion in seed and Series A funding just two months after its launch, led by General Catalyst and AMP PBC. The company aims to rebuild the AI stack from the ground up to create personally trainable AI agents rather than workforce replacement tools.
River AI Raises $1.1B Two Months After Launch, xAI Co-Founder Bets on Personal AI Agents
River AI, founded by xAI co-founder Igor Babuschkin, secured $1.1 billion in seed and Series A funding just two months after its launch, led by General Catalyst and AMP PBC. The company aims to rebuild the AI stack from the ground up to create personally trainable AI agents rather than workforce replacement tools.
NYSE Parent ICE Issues $3.75B in Bonds to Fund MarketAxess Acquisition
Intercontinental Exchange (ICE) has launched a $3.75 billion investment-grade bond offering to finance its approximately $6 billion acquisition of MarketAxess, a leading fixed-income electronic trading platform.
Bitcoin Cold Wallet Security Breach Prompts Industry-Wide Review of Custody Standards
The cryptocurrency industry faces renewed scrutiny of cold storage security following a bitcoin cold wallet breach, with Galaxy Digital's head of research maintaining confidence in bitcoin's resilience while the incident sparks broader discussions on institutional custody standards.
Accel Closes $650M India Fund and $3.5B Global AI Fund in Rapid Fundraising
U.S. venture firm Accel has completed an oversubscribed $550 million India fund just 19 months after its previous round, while also raising $3.5 billion globally for early-stage AI startup investments.
Nvidia Unveils $500B AI Infrastructure Financing with Six Wall Street Giants Amid China Supply Chain Risks
Nvidia announced a partnership with BlackRock, Apollo, and four other major asset managers to create a financing platform exceeding $500 billion for AI infrastructure buildout. CEO Jensen Huang defended the plan as treating AI factories as investment-grade assets, but the initiative faces risks from rapid chip depreciation, reliance on Chinese supply chains, and potential U.S. restrictions on Chinese optical modules.
SK Hynix Evaluates Strategic Options for Chongqing Facility, Considers External Investment
South Korean memory chip giant SK Hynix is evaluating multiple strategic options for its $3 billion packaging and testing facility in Chongqing, China, including bringing in external investors to mitigate geopolitical risks and accelerate growth.
Latest from Cobo
Cobo Agentic Wallet: The MPC-Based Security Standard for AI Agents
Cobo launches Cobo Agentic Wallet (CAW), the first MPC-based wallet designed specifically for AI Agents, featuring infrastructure-enforced authorization controls and structured execution templates to enable secure autonomous on-chain transactions without exposing private keys.
Cobo Agentic Wallet (CAW): MPC Security & Controlled Autonomy for AI Agents
Cobo launches the Cobo Agentic Wallet (CAW), the world's first MPC-secured wallet designed specifically for AI agents, introducing a programmable authorization protocol and modular skill framework that enables autonomous on-chain execution within user-defined boundaries.
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