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Today · 2026-08-18 · Tue

thirty-eight million-dollar A round of financing, Dragonfly

The London-based stabilization currency payment infrastructure company, Velocity, announced the completion of the $38 million A round of financing, which was sponsored by the encrypted investment agency Dragonfly and involved institutions such as Coinbase, Capital One Ventures and Wintermute. Velocity CEO Eric Queathem did not disclose the latest financing valuation. Founded in 2025, Velocity focuses on providing stable currency payment solutions for businesses, payment service providers, financial technology companies and financial institutions, helping them to optimize cross-border payment, fund settlement and fund management processes using dollar-linked tokens。

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a16z crypto: Traditional finance does not want to embrace DeFi, but rather “dismantling” to use block chains

analysis of a16z crypto suggests that the encryption industry has long been a narrative that will eventually integrate DeFi and TradFi and combine open liquidity with institutional distribution to form a new system that is better than traditional finance. This may not be the case, however, as traditional finance is not being integrated with DeFi, but is using block-chain technology in a “dismantling” manner that meets its own needs. The technology of block chains currently being used by the Agency includes, inter alia, atomic settlement (Atomic Settlement), shared books, programmable currency, and automated marketing (AMM). a16z crypto points out that the core driving force of traditional finance using block chains is not decentrization, but commercial efficiency, and that a new type of financial infrastructure may emerge in the future: an “programmable financial infrastructure” based on the bottom of the block chain but optimized for institutional constraints。

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Nous Research completed at least $75 million in financing

Nus Research, a start-up company behind the open-source AI smarts project Hermes, is completing a new round of financing of at least $75 million, led by Robot Ventures, with significant participation from Union Square Ventures (USV) and other well-known investment institutions, valued at $1.5 billion. Currently, Hermes has obtained approximately 214,000 Stars and nearly 40,000 Fork in GitHub, which can be deployed by developers on personal computers or virtual servers。

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Nebias sells over $1 billion to AI Startup Reflection AI

According to Bloomberg, Nebius Group, a cloud computing service provider, announced that an agreement had been reached with Reflecting AI, an artificial intelligence model development company, to sell it over $1 billion in computing capacity. According to the declarations of the parties, the agreement will remain in force until 2029 and Reflect AI will be provided with the arithmetical resources to use the NVIDIAGB300 AI chip to support the development of its artificial intelligence model。

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Nous Research raised $75 million for a $1.5 billion valuation

According to TechCrunch, citing three informed sources, Nus Research, the original company behind the open source AI angent Hermes, is raising at least $75 million from an estimated $1.5 billion valuation. The current round of financing was co-sponsored by Robert Leshner, founder of Compund, and Tarun Chitra, co-founder of Gautlet, with the participation of investors such as the United Square Ventures (USV), the encryption industry. The funds are intended to expand Hermes ' products and business models。

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Oil importers in Asia have shifted to supply in the United States because of risks in the Strait of Hormuz

WITH INCREASED RISK IN THE STRAIT OF HORMUZ, ASIAN BUYERS RESTARTED SPOT TRADING WITH UNITED STATES CRUDE OIL. AS TENSIONS BETWEEN THE UNITED STATES AND IRAN HAVE ESCALATED AGAIN, HOPES FOR A RETURN TO THE FLOW OF CRUDE OIL THROUGH THE STRAIT OF HORMUZ HAVE COME TO A HALT AT THE BEGINNING OF THE WEEK. AT LEAST THREE EXECUTIVES AND TRADERS INVOLVED IN UNITED STATES OIL SALES AND PROCUREMENT INDICATED TO BLOOMBERG THAT THEY HAD RELAUNCHED NEGOTIATIONS ON UNITED STATES SPOT CARGO. SINCE THE BEGINNING OF THE IRANIAN WAR, ASIAN REFINERIES HAVE SOUGHT TO DIVERSIFY THE SOURCES OF CRUDE OIL IMPORTS AND REDUCE THEIR DEPENDENCE ON MIDDLE EASTERN OIL. UNITED STATES CRUDE OIL EXPORTS HAVE REACHED RECORD HIGH LEVELS SINCE MARCH, WITH THE LATEST EIA DATA SHOWING A 15 PER CENT INCREASE IN UNITED STATES OIL EXPORTS IN APRIL OVER MARCH。

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IBM DROPPED OVER 13%

ON 14 JULY, IBM FELL ABOVE 13 PER CENT. THE COMPANY RECEIVED LESS THAN EXPECTED INITIALLY IN THE SECOND QUARTER. IBM COLLECTED PRELIMINARY DATA OF $17.2 BILLION FOR THE SECOND QUARTER, AN INCREASE OF 1 PER CENT AND AN ESTIMATE OF $17.86 BILLION; OF THIS, SOFTWARE REVENUES INCREASED BY 5 PER CENT; AND INFRASTRUCTURE REVENUES DECREASED BY 7 PER CENT. DILUTION OF $2.27 PER SHARE, A 2 PER CENT DECREASE OVER THE SAME PERIOD; AND OPERATING (NON-GAAP) $2.93, A 5 PER CENT INCREASE OVER THE SAME PERIOD。

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