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Crypto

Digital Asset raises additional $10 million from Shinhan Financial, SC Ventures

Digital Asset, developer of the Canton blockchain, has raised an additional $10 million from South Korea’s Shinhan Financial Group and Standard Chartered’s SC Ventures. TheBlock reported the investment increased the company’s ongoing funding round to $365 million from $355 million, at the same $2 billion valuation as the previous round. Digital Asset last month announced a $355 million fundraising led by a16z crypto with participation from major institutions.

Crypto

Gold slide may spill into cryptocurrencies as rising real rates tighten liquidity

Gold has fallen about 28 percent from its January peak to around $4,030 an ounce, and analysis says cryptocurrencies are facing similar liquidity pressure. Rising U.S. real interest rates and a stronger dollar have increased the appeal of cash and Treasuries, weighing on non-yielding assets such as gold and bitcoin. Some banks have cut gold forecasts, though central bank buying and stabilising ETF holdings remain supportive.

AI & Enterprise

Zhipu builds 1-GW AI data centre using only Chinese-made chips; shares surge 37 percent

China\'s AI company Zhipu completed a 1-gigawatt AI computing centre run only on Chinese-made chips, South China Morning Post reported. The facility will be used to train and run inference for its GLM large language model series. Zhipu\'s Hong Kong-listed shares jumped 37 percent to close at 121.9 Hong Kong dollars. The company is also reported to have acquired Qubilas, an infrastructure software firm spun off from the Chinese Academy of Sciences.