Prime Intellect, a decentralized AI infrastructure network founded in 2024, said it raised a $130 million Series A at a $1 billion valuation on July 8, 2026. The round was led by Radical Ventures and included NVIDIA Ventures, Intel Capital, and Dell Technologies Capital, bringing total funding to more than $150 million. At the same time, the company said its annual recurring revenue has climbed past $100 million in less than a year and that it now serves more than 6,000 enterprise and startup customers. The company’s recent progress spans distributed training, reinforcement learning, inference orchestration, and hosted infrastructure. Prime Intellect highlighted milestones including INTELLECT-1, INTELLECT-2, and INTELLECT-3, along with products such as Prime Intellect Lab, prime-rl, and Sandboxes. It also disclosed deeper ties with NVIDIA across both hardware and software, including the use of Blackwell systems and deployment of NVIDIA Dynamo in production workflows. Foresight’s report also pointed to a shift in the company’s public positioning. Language in official documentation that previously referenced Base Sepolia, a future proprietary chain, and token rewards contracts has been removed. The report argues that while Prime Intellect still uses a distributed network design, its messaging has moved away from a crypto-first framing and toward an AI infrastructure business aimed at enterprise use cases.

Circle co-founder Jeremy Allaire said on July 13 that an economy run by software agents can only function with software money, software contracts, and software governance. In his post, Allaire argued that without those building blocks, such a system cannot be realized at all. He also called for faster development of onchain financial infrastructure. The remarks were reported by BlockBeats.

Crypto KOL Phyrex published a breakdown of rToken, issued by Reality under Bitget, arguing that the product should not be viewed simply as a tokenized stock. In his view, the main value of rToken comes from asset composability after being connected to a unified account structure, which addresses the liquidity silos that have limited real-world asset (RWA) products. Phyrex highlighted three trading strategies that he said can be put into use directly: increasing directional exposure to U.S. equities, running delta-neutral arbitrage, and using staking and lending loops. He also outlined three mechanisms that matter for institutions. These include direct routing to U.S. stock order books to avoid de-pegging risk, joint margin under a Unified Trading Account (UTA) to improve capital efficiency, and weekend collateral valuation anchored to Friday’s closing price for tighter risk control. Under that setup, users can manage crypto, tokenized equities, and derivatives positions within the same account, reducing the need to rebalance across platforms and move funds between venues.

Crypto market sectors posted mixed moves over the past 24 hours, according to SoSoValue data cited by ChainCatcher. The NFT segment led gains with a 4.50% rise, while Audiera (BEAT) climbed 15.29%. The AI sector added 0.84%, with Billions Network (BILL) up 24.00%, and the DeFi sector rose 0.42%, led by a 26.88% gain in DeXe (DEXE). CeFi and Layer1 also edged higher, up 0.19% and 0.03%, respectively. Cronos (CRO) rose 0.48% in CeFi, while Zcash (ZEC) advanced 4.02% in Layer1. On the losing side, PayFi fell 0.59% even as eCash (XEC) gained 10.64%. Meme dropped 0.61%, though Pump.fun (PUMP) rose 6.57%. Layer2 declined 0.94% with Stacks (STX) down 4.54%, and SocialFi fell 1.98% as Chiliz (CHZ) lost 2.91%. Sector indexes tracking historical performance also moved higher, with ssiAI, ssiCeFi, and ssiLayer1 up 1.52%, 0.57%, and 0.54%, respectively.

SK Hynix’s tokenized stock product SKHY on Hyperliquid fell from around $171.61 and briefly dropped below $160 on July 13, according to monitoring data from Hyperinsight. The move put the platform’s largest SKHY long position under pressure. The position, held by an address beginning with 0xd52, is a 3x isolated-margin long on Hyperliquid with a notional size of about $27.986 million. As of publication, the trade was showing an unrealized loss of roughly $1.433 million, with a return of about -14.6%. Hyperinsight data also showed the position’s average entry price at $169.9468 and its liquidation price at $97.85. The figures reflect a sharp intraday drawdown in SKHY as tracked on the derivatives platform.

Crypto KOL Phyrex has published a breakdown of rToken, a product issued by Reality under Bitget, arguing that it should not be viewed simply as a tokenized stock product. According to the analysis cited by ChainCatcher, the main value of rToken lies in asset composability after being connected to a unified trading account, which in his view addresses the liquidity-island problem often seen in real-world asset, or RWA, products. Phyrex highlighted three trading approaches he said can be implemented directly: increasing directional exposure to U.S. stocks, running delta-neutral arbitrage, and using staking and lending loops. He also outlined three features he sees as central for institutions: direct linkage to U.S. stock order books to avoid depegging risk, joint margin through a Unified Trading Account to improve capital efficiency, and weekend collateral valuation anchored to Friday’s closing prices to keep risk manageable. He said the structure allows crypto, tokenized equities, and derivatives positions to be managed within the same account while reducing the cost of rebalancing and moving capital across platforms.

Uniswap founder Hayden Adams said on social media that protocol fees have been activated and UNI is now being burned. At the same time, three governance proposals are being voted on. They cover fees on Robinhood Chain for v2 and v3, fees for v4, and fee cleanup for cross-chain bridges tied to X Layer, Avalanche, MegaETH, and Soneium. Uniswap, created by Adams in 2018, is one of the largest decentralized trading protocols on Ethereum. Its protocol fee mechanism allows part of trading fees to be used for UNI buybacks and burns, a structure designed to support the token’s economics through deflation.

According to NetEase News, Future Capital Investment Management Co., Ltd., founded by Huobi founder Li Lin, has been listed as one of the lead producers of Stephen Chow’s new film "Kung Fu Women’s Soccer." The report said the movie’s total investment is about RMB 380 million, excluding marketing and distribution costs. Of that amount, roughly RMB 190 million is allocated to production and about RMB 57 million to cast compensation. Future Capital is described in the investment disclosure as a "financial investment entity," while the exact amount of its contribution has not been made public. The update was cited by ChainCatcher in a 7x24 news brief.