TurboFlow, a Hong Kong prediction markets and perpetual futures platform, raised $6 million in seed funding led by Pantera Capital. The raise highlights explosive growth in prediction markets and crypto derivatives, with TurboFlow targeting APAC’s institutional-grade trading gap.
Five former Ethereum Foundation researchers launched Ethlabs, a nonprofit backed by Joe Lubin and major ecosystem firms, to prepare Ethereum’s infrastructure for institutional adoption. The move signals a shift in who controls Ethereum’s technical roadmap, as institutional capital increasingly funds core protocol research outside the foundation.
Franklin Templeton has closed its acquisition of 250 Digital and launched Franklin Crypto, a dedicated division actively managing liquid cryptocurrency strategies for institutional allocators. The deal marks a significant shift from the firm’s previous focus on passive crypto products and tokenization.
IBM and OpenAI launched a commercial AI code vulnerability scanner for enterprises, combining OpenAI’s frontier models with IBM’s consulting infrastructure and compliance expertise. The partnership signals a broader trend: AI labs need distribution channels for regulated industries, while legacy firms need cutting-edge model capability.
Bank of America has completely reversed its Fed outlook, now projecting three rate hikes totaling 75 basis points in 2025 under new Chair Kevin Warsh, with no cuts expected until 2028. The shift reflects worsening inflation that refuses to cooperate, as sticky services prices and fading housing disinflationary drag extend the higher-for-longer rate environment through at least 2027.
SpaceX surged past Amazon and Microsoft at IPO but has since lost nearly 30% of its value, erasing $800 billion in paper gains. The decline reflects investor concerns over massive operating losses and a $20 billion debt raise despite holding $100 billion in cash.
While the broader semiconductor sector surges with gains up to 84% this year, Nvidia lags at just 12% as capital rotates away from the chip giant. The B200 GPU rental market signals cooling demand, with prices plummeting 31% in a single day—a real-time indicator that may precede revenue weakness by quarters.
MoneyGram is now an active validator on Solana, staking SOL and processing blocks rather than simply building applications on top of the network. This move represents a shift toward operational infrastructure after the company’s XRP partnership with Ripple ended in 2021, and follows validator deployments on Tempo and Midnight.
The Ethereum Foundation is rejecting calls for community oversight while losing senior staff at an alarming rate, raising questions about its ability to maintain the network’s infrastructure. With key funding programs expired and no replacement announced, experts warn the talent drain could stall critical upgrades within months.
Groq raised $650 million to scale its inference cloud business after licensing its core chip technology to Nvidia and losing its founder to the deal. The company now operates 13 data centers globally and will deploy Nvidia’s LPX systems across its infrastructure, betting that inference will become the dominant compute market.