Tom Lee, chairman of Bitmine, said that the sell-off of AI shares led to the decline of South Korea and Taiwan, China markets, and generated spillover pressure on the cryptocurrency market. Tom Lee believes that cryptocurrencies have a positive exposure to modern global financial system infrastructure and proxy AI, and this decline is an attractive investment opportunity. Bitmine is in a favorable position to exceed expectations of the upcoming cryptocurrency bull market.

Spencer Applebaum, General Partner and Co Head of Venture Capital at Multicoin Capital, stated that Multicoin Capital manages $2.7 billion in assets and will continue to focus on the digital asset field. It will not follow the example of institutions such as Paradigm to expand its investment scope to AI and robotics technology. Regarding the speed of fund deployment, the post investment valuation of seed round projects in 2023 is approximately 30 million US dollars, with a financing scale of approximately 3 million US dollars. Investing in such rounds with a fund of 422 million US dollars will take longer. In addition, the largest position of hedge funds under Multicoin Capital is the Hyperliquid related token HYPE, which is purchased through the public market.

Metaplanet CEO Simon Gerovich stated that shareholders of Nasdaq listed company Super League have voted to approve the transaction with Metaplanet. After the transaction is completed, Super League will serve as Metaplanet's Bitcoin treasury platform in the United States, connecting to the US capital market.

BitMine increased its holdings of 12535 ETH last week, with a total holding of 6041481 ETH, accounting for 4.9% of the total supply. The company holds a total asset value of approximately $15.1 billion, including $582 million in cash and securities, 215 bitcoins, $180 million in Beast Industries equity, and $74 million in Eightco Holdings investment. We have pledged 5.067309 million ETH worth $12 billion, with an annualized return of $309 million. Chairman Tom Lee stated that the contraction of investors' risk appetite and global market deleveraging have created spillover pressure on cryptocurrency assets, but cryptocurrency assets benefit from the modernization of financial infrastructure and AI agents.

Hoskinson said on X the language will bundle transaction requests with cryptographic proofs. He hasn’t shared a name, specs or a release date.