#infrastructure

Hyperbolic, a startup focused on building decentralized AI infrastructure, has announced the successful closure of a $12 million Series A round led by Variant Fund and Polychain Capital. This brings the company’s total funding to $20 million.

On October 31, Paxos, a prominent blockchain and tokenization infrastructure provider, launched its new stablecoin, the Global Dollar (USDG), pegged to the U.S. dollar. USDG has been developed under the strict guidelines of the Monetary Authority of Singapore (MAS).

Paxos, a fintech company focused on building blockchain and digital asset infrastructure, has launched a new platform designed for stablecoin transactions.

FalconX is accelerating its efforts to expand through acquisitions. The company plans to focus on acquiring top-tier, smaller companies, with a primary interest in tokenization, institutional infrastructure, and data analytics.

TeraWulf, a leading player in digital infrastructure, has finalized the sale of its 25% stake in the Nautilus joint venture to Talen Energy Corporation, netting $92 million.

Treasure DAO, which is set to launch its own gaming network, is considering migrating to the Layer 2 blockchain ZKsync instead of Arbitrum, citing a more suitable infrastructure for decentralized games. A vote is scheduled for September 17 to allow users time to discuss the proposal.

German telecommunications company Deutsche Telekom is testing Bitcoin mining infrastructure using surplus energy.

On October 24, Ankr, a decentralized Web3 infrastructure provider, announced its support for the TON blockchain, aimed at facilitating the development of Telegram-focused dApps. This move seeks to make the process of building applications in the TON blockchain ecosystem, which is tightly connected to Telegram, more efficient.

Ripple, a leading digital asset infrastructure provider, has announced its partners for the launch of the RLUSD stablecoin. Bitstamp, Uphold, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish will be collaborating on this initiative. Market makers B2C2 and Keyrock are also on board to support RLUSD’s liquidity.

BlackRock, the global asset management firm, is set to launch a more than $30 billion investment fund aimed at advancing AI infrastructure, including power projects and data centers. This will be one of the largest funds of its kind on Wall Street.

CleanSpark, a mining company, is acquiring the U.S.-based infrastructure firm GRIID for $155 million. The boards of both companies have approved the deal, which now requires the nod from other shareholders and regulatory bodies. The acquisition is expected to be finalized by the third quarter of 2024.

Tether, the issuer of the USDT stablecoin, is set to invest another $1 billion over the next year in projects related to alternative financial infrastructure, artificial intelligence, and biotechnology.

Microsoft has developed a generative AI model specifically for U.S. intelligence agencies, aimed at processing the large volumes of confidential data they receive daily. This AI operates independently of the internet and is managed via a dedicated cloud infrastructure.