Spencer Applebaum, General Partner of Multicoin Capital, stated that Multicoin Capital will not expand its investment scope to pure AI projects, and the cryptocurrency field remains its core advantage. The deployment speed of the $422 million venture capital fund raised by Multicoin Capital in 2022 is slow due to the decline in startup project valuations after the FTX crash. HYPE remains the largest holding of hedge funds under Multicoin Capital, with a current asset management scale of $2.7 billion. (Source: Bloomberg)

20: 10 (UTC+8), USDC Treasury has cast 250 million new USDCs in the Solana network.

DeFi Development Corp. announced an increase in its holdings of 3983 SOLs over the past week, bringing its total holdings to approximately 2.5903 million SOLs and SOL equivalents.

Tenstorrent has completed a $1.5 billion Series E financing, with a post-money valuation of $6.2 billion. The round was led by Trace Capital and Innovation X, with participation from Agostinelli Group, ARK Invest, Cadence Ventures, Fidelity Management & Research Company, Morgan Stanley, Sandisk, Tether Investments, T. Rowe Price, Virtu Financial, and XTX Markets. The funds will be used for mass production of Galaxy servers, global business expansion, and AI and CPU IP research and development.

Strategy has expanded its digital credit securities repurchase program from $2 billion to $3 billion and purchased 267 bitcoins for $22.1 million, bringing its total holdings to 848517 bitcoins. (Source: Bitcoin News)