The Bitcoin hardware wallet manufacturer Foundation announced the completion of a new round of funding of $6.4 million, led by Fulgur Ventures and with Arche Capital participating, bringing the total financing scale to $165 million. The funds will be used to expand from Bitcoin self hosted hardware wallets to digital security infrastructure areas such as identity verification, multi factor authentication, and AI agent authorization. （The Block）

[Cycles Completes $6.4 Million Seed Round Financing] According to TechFundingNews, crypto financial infrastructure Cycles has completed a $6.4 million seed round financing led by Blockchange Ventures, with participation from Coinbase Ventures, Compound VC, Primitive Ventures, among others, bringing the total funding to $8.7 million. Cycles is dedicated to building a private clearing network for the crypto market, enhancing capital efficiency through a 'clearing network' mechanism, and leveraging zero-knowledge proofs and trusted execution environments to achieve multi-party net settlement, thereby reducing counterparty risk and liquidity usage.

According to Bloomberg, Blockchain.com has secretly submitted an IPO application in the United States, with its valuation shrinking from a peak of $14 billion in 2022 to approximately $20 billion.

CapCut announced a partnership with Gemini to integrate image and video editing capabilities directly into the Gemini application. （Cointelegraph）

According to Bloomberg, Christopher Giancarlo, former chairman of the U.S. Commodity Futures Trading Commission (CFTC), will join Jefferies Financial Group in July as a senior advisor specializing in investment banking. Giancarlo has promoted the launch of the first batch of Bitcoin futures contracts on CBOE and CME, and supported loose cryptocurrency regulatory policies. Jefferies has completed approximately 14 digital asset transactions with a total value of approximately $9 billion, and has completed approximately $141 billion in market structure and technology transactions since 2011. Currently, there are approximately 15 employees dedicated to the cryptocurrency business.