Institutional interest in digital assets is holding up despite bitcoin’s year-to-date drop. iConnections says more than 75 digital asset funds joined this year’s event, with about 750 allocator meetings logged.

A new report from IT Juzi says China added 67 unicorns in the first half of 2026, with AI and embodied intelligence companies accounting for more than half of the total. The research then examined all 107 unicorns currently on its list in China’s AI and robotics/embodied intelligence sectors, tracing every investor that appeared in seed, angel and angel-plus rounds. As of July 2026, nearly 300 institutions had backed at least one unicorn at the angel stage, according to the report. By total count, Sequoia China ranked first with 11 angel-round hits, followed by GL Ventures and ZhenFund with nine each. But when the sample is narrowed to new embodied intelligence bets made after 2022, MiraclePlus, Linear-like early-stage specialist Lanchi Ventures, and SEE Fund stand out for concentrated exposure. The report also breaks down how those firms operated. MiraclePlus used a high-volume accelerator-style model with standardized checks and small initial tickets; Lanchi built founder-sourcing channels through its BuMing camp and AGI Pioneer Club; SEE Fund leaned on a tight engineering network around Tsinghua-linked founders while building positions across the embodied intelligence supply chain. IT Juzi argues that U.S. dollar funds still moved earlier overall, while many RMB funds only began entering the sector at scale after 2025.

本文基于Carta 2026年Q1 VC基金业绩报告，深入分析加密风投市场的结构性变化：账面价值（TVPI）已连续六个季度回升，但实际现金回报（DPI）仍极低，超过半数2019-2020年份基金未向LP返还任何现金。资金正加速向头部基金集中，1亿美元以上基金占据57%募资额，中间层基金面临募资困难。文章还盘点了六月十大加密融资事件，包括Securitize的4亿美元SPAC合并、Digital Asset的3.55亿美元战略轮、Morpho的1.75亿美元DeFi轮等，并介绍了Variant和Framework两支新基金。

Carta 2026年Q1风投报告显示，VC基金账面价值（TVPI）连续六个季度回升，但现金分配（DPI）仍极低，超过半数成立五至六年的基金尚未返还LP一分钱。资金加速流向头部基金，1亿美元以上基金吸走57%募资额。流动性成为下一阶段主导逻辑，能主动创造退出的GP将胜出。加密风投比传统VC更离散、更集中，6月融资亮点包括Digital Asset（a16z领投3.55亿美元）、Securitize上市（约4亿美元）、Morpho（1.75亿美元）等。本文还整理了本月新基金公告及黑客松日程。

今日加密市场迎来多项重大进展：Robinhood Chain主网正式上线，支持代币化股票和AI代理交易；BlackRock支持的代币化平台Securitize以SECZ代码在纽交所上市；Solana推出链上治理机制，要求提案获得15%全网质押支持。监管方面，美国田纳西和乔治亚州加密ATM新规生效，西班牙Venga获得MiCA授权。融资方面，Venice AI完成6500万美元融资估值达10亿美元。此外，以太坊基金会发布政策指南，将以太坊定位为政府关键公共基础设施。