[New M&A] MoonPay Acquires AI Research Firm Dawn Labs to Launch Trading Agent Dawn CLI

Dawn is an AI trading agent designed for prediction markets that converts users’ ideas into executable code.

More about Dawn Labs: https://www.rootdata.com/projects/detail/Dawn?k=MTc1Nzg%3D

Source: https://www.prnewswire.com/news-releases/moonpay-acquires-dawn-labs-launches-ai-trading-agent-dawn-cli-302768220.html

[New Fundraising] Coincheck Secures $65 Million Strategic Investment from KDDI

Coincheck is a crypto asset exchange in Japan with over 1.6 million verified accounts.

More about Coincheck： 
https://www.rootdata.com/projects/detail/Coincheck?k=MzkwOA%3D%3D

Source: 
https://www.businesswire.com/news/home/20260512231455/en/Coincheck-Group-Announces-Partnership-With-KDDI-Corporation-to-Expand-Access-to-Digital-Assets

[New Fundraising] Charms Raises $1.5 Million in Pre-Seed Funding, with Coinbase Ventures Among Investors

Charms is an Alive Assets platform that aims to deeply integrate AI characters with the on-chain economy, turning emotional connections into live assets that can be owned and traded.

More about Charms： 
https://www.rootdata.com/projects/detail/Charms?k=MjMyMDA%3D

Source: 
https://decrypt.co/367543/charms-raises-1-5m-pre-seed-to-bring-the-ai-character-economy-onchain

[New Fundraising] Genius Group Makes a $5 Million Strategic Investment in Jewel Bank

Jewel Bank is the institutional banking platform for the global digital asset economy. It provides core banking infrastructure to the world's leading exchanges, institutional investors, and payments platforms. Jewel standardizes key banking functions, such as digital asset banking, payments, fiat on/off ramps, custody, crypto-collateralized lending, stablecoin issuance, and real-time settlement services. This brings stability, consistency, and reliability to the digital asset ecosystem.

More about Jewel Bank： 
https://www.rootdata.com/projects/detail/Jewel%20Bank?k=NDE2NQ%3D%3D

Source: 
https://www.globenewswire.com/news-release/2026/05/12/3292869/0/en/genius-group-launches-new-digital-banking-and-stablecoin-initiative-designed-to-complement-ai-powered-education-platform.html

[New Fundraising] Elliptic Raises $120 Million at a $670 Million Valuation, Led by One Peak Partners

Elliptic enables financial institutions and cryptocurrency businesses to manage risk on the blockchain by using technology-enabled crypto AML compliance.

More about Elliptic： 
https://www.rootdata.com/projects/detail/Elliptic?k=MzY1NA%3D%3D

Source: 
https://www.bloomberg.com/news/articles/2026-05-12/deutsche-bank-nasdaq-back-crypto-firm-elliptic-in-120-million-round

[New Fundraising] Osero Raises $13.5 Million in Funding Led by Sky Ecosystem

Osero is a stablecoin yield infrastructure project incubated by the Sky Ecosystem (formerly MakerDAO).

More about Osero： 
https://www.rootdata.com/projects/detail/Osero?k=MjQ1MDU%3D

Source: 
https://www.theblock.co/post/400948/sky-ecosystem-stablewatch-stablecoin-yield-startup-osero-funding

[New M&A] Movement Acquires Canopy

Canopy is a DeFi platform on Movement that uses a dynamically balanced dual-token ecosystem of $LEAF and $OAK, and also allows users to provide liquidity with single asset deposits.

More about Canopy： 
https://www.rootdata.com/projects/detail/Canopy?k=MTUwMzM%3D

Source: 
https://www.movementnetwork.xyz/article/movement-acquires-canopy-bringing-vault-infrastructure-in-house

[New Fundraising] Fasset Completes $51 Million Series B Funding Round, with SBI Among Investors

Fasset is a global digital asset exchange that provides people in emerging markets with access to the digital asset space.

More about Fasset： 
https://www.rootdata.com/projects/detail/Fasset?k=Mzg4Mw%3D%3D

Source: 
https://www.coindesk.com/business/2026/05/14/stablecoin-powered-neobank-fasset-raises-usd51-million-to-expand-across-emerging-markets

[New Fundraising] Turnkey Completes $12.5 Million Strategic Funding Round, with Circle Ventures Among the Investors

Turnkey is a purpose-built secure private key infrastructure for crypto developers. It enables developers to use simple APIs to dynamically generate thousands of wallets and to sign tens of thousands of transactions across any chain. Flexible, programmable permissions ensure that developers only sign what they want.

More about Turnkey： 
https://www.rootdata.com/projects/detail/Turnkey?k=NzQwMQ%3D%3D

Source: 
https://www.coindesk.com/business/2026/05/06/turnkey-raises-usd12-5-million-in-round-backed-by-circle-ventures-and-sequoia-capital

[New Fundraising] Onramp Raises $12.5 Million in Series A Funding, Led by Early Riders

Onramp is a bitcoin asset management platform that offers multi-institutional custody solutions for individuals and institutions seeking secure and efficient bitcoin ownership. With a powerhouse advisory team and a commitment to bitcoin education, Onramp is dedicated to helping clients navigate the complexities of bitcoin ownership while maximizing security and minimizing counterparty risk. Onramp was designed from the ground up for HNWI, Family Offices, Investment Funds, Corporations, and Institutions that want best-in-class custody without any tradeoffs.

More about Onramp： 
https://www.rootdata.com/projects/detail/Onramp?k=OTgxNw%3D%3D

Source: 
https://www.axios.com/pro/fintech-deals/2026/05/14/onramp-bitcoin-custody-series-a

[New Fundraising] Gemini announces $100 million strategic investment from Winklevoss.

Gemini is a digital asset exchange and custodial services company that enables users to buy, sell, and store cryptocurrencies.

More about Gemini：
https://www.rootdata.com/projects/detail/Gemini?k=MzkwNg%3D%3D

Source:
https://www.bloomberg.com/news/articles/2026-05-14/winklevosses-invest-100-million-in-battered-gemini-exchange

[New M&A]General Tensor completes its acquisition of Backprop Finance

Backprop Finance is the all-in-one trading hub for Bittensor. Support by Tensorplex Labs.

More about Backprop Finance:
https://www.rootdata.com/projects/detail/Backprop%20Finance?k=MTYyNzA%3D

Source：
https://markets.businessinsider.com/news/stocks/general-tensor-acquires-backprop-finance-assembling-the-financial-infrastructure-for-decentralized-ai-1036156031

[New Fundraising] Nof1 Raises $15 Million in Funding, Co-Led by SUI Group and Karatage

nof1 is an artificial intelligence research laboratory focusing on financial markets. Its Alpha Arena is a benchmark designed to measure artificial intelligence investing capabilities. Each model is played in the real market with $10,000 of real money and has the same tips and input data.

More about Nof1： 
https://www.rootdata.com/projects/detail/nof1?k=MjE5OTQ%3D

Source: 
https://www.coindesk.com/tech/2026/05/15/wall-street-is-starting-to-notice-one-of-crypto-s-smartest-ai-bets

[New Fundraising] AEON Closes $8 Million Pre-Seed Funding Round Led by YZi Labs

AEON is the next-generation crypto payment framework, built for AI to drive intelligent, automated payments across Web3 and simplify how crypto works in real life. With omni-chain support, AEON's AI Payments system allows intelligent agents to manage and automate transactions, payments, subscriptions, and remittances for users.

More about AEON： 
https://www.rootdata.com/projects/detail/AEON?k=MTQ3MTA%3D

Source: 
https://www.theblock.co/post/401601/aeon-raises-8-million-yzi-labs

[New Fundraising] Tomoland Secures $2 Million in Funding, Led by Sky9 Capital

Tomoland is a mobile-first UGC platform that merges AI-powered creation, social interaction, and true IP ownership. By utilizing the BUD Create infrastructure, Tomoland empowers creators to turn their digital creations into their own economy.

More about Tomoland： 
https://www.rootdata.com/projects/detail/Tomoland?k=MjQ1ODY%3D

Source: 
https://www.globenewswire.com/news-release/2026/05/19/3297122/0/en/tomoland-raises-usd-2-million-to-bring-ai-powered-ugc-platform-to-web3-sells-out-blueprint-founder-pass-in-2-hours.html

[New Fundraising] Ouinex has raised $3.5 million, bringing its total funding to $9 million

Ouinex is a digital asset exchange; by prioritizing transparency, liquidity, and sophistication, Ouinex delivers an institutional-level trading experience for beginners and experts alike.

More about Ouinex： 
https://www.rootdata.com/projects/detail/Ouinex?k=ODE3MA%3D%3D

Source: 
https://www.forbes.com/sites/boazsobrado/2026/05/19/fish-in-a-tank-with-sharks-ouinex-hits-9m-to-kill-the-order-book/

[New Fundraising] Catena Labs Raises $30 Million in Series A Funding, Led by a16z crypto and Acrew Capital

Catena Labs is a Web3 product development company incubating independent products spanning identity, communications, artificial intelligence, and commerce. Products currently launched include developer API and component suite DecentKit, decentralized social network Duffle, and custom AI agent solution Friday.

More about Catena Labs： 
https://www.rootdata.com/projects/detail/Catena%20Labs?k=MTAxODM%3D

Source: 
https://fortune.com/2026/05/20/catena-labs-series-a-sean-neville-ai-native-bank/

[New Fundraising] Variational Closes $50 Million Series A Funding Round Led by Dragonfly Capital

Variational is a crypto derivatives trading protocol based on Arbitrum. Its applications include Omni, a perpetual futures trading platform that allows traders to take leveraged long or short positions on any time series, with a special focus on newly launched tokens, baskets, yield/volatility perpetual contracts, and other new products. OLP is Omni's liquidity provider, which brings together liquidity from centralized and decentralized exchanges and over-the-counter trading platforms. The second application of Variational is Pro, a platform for institutional traders.

More about Variational： 
https://www.rootdata.com/projects/detail/Variational?k=NTc4Mg%3D%3D

Source: 
https://fortune.com/2026/05/20/variational-raises-50-million-series-a/

[New Fundraising] Cycles Raises $6.4 Million in Seed Funding, with Coinbase Ventures Among Investors

Cycles is an open clearing protocol, a platform to clear the most debt for the most people with the least money. In contrast to existing payment systems focused solely on the transfer of assets, Cycles is focused instead on the clearing of debts by operating over the network of liabilities which underly all payments. Cycles enables businesses to easily and privately upload their obligations, connect their sources of liquidity, settle up, and save. Using the network of obligations as a foundation, Cycles provides a platform for new kinds of currencies, lending protocols, and issuance protocols to be integrated in a risk-reduced environment for the benefit of real-world commerce.

More about Cycles： 
https://www.rootdata.com/projects/detail/Cycles?k=MTE3MzI%3D

Source: 
https://techfundingnews.com/the-missing-piece-in-cryptos-financial-infrastructure-just-raised-6-4m-to-fill-the-gap/

[New Fundraising] Foundation Raises $6.4 Million in Funding, Led by Fulgur Ventures

Foundation Devices is a developer of Bitcoin-centric tools, with their flagship product being Passport - a $259 hardware wallet that uses a camera and QR codes for secure communication, instead of a USB or wireless connection to the outside world. Additionally, they have developed the Envoy mobile app, which helps users set up, maintain, and interact with their Passport wallet.

More about Foundation Devices： 
https://www.rootdata.com/projects/detail/Foundation%20Devices?k=NjEwNA%3D%3D

Source: 
https://www.theblock.co/post/402012/foundation-raises-6-4-million-expand-bitcoin-hardware-wallets-ai-agent-authorization?utm_source=browser

[New Fundraising] TownSquare Completes Pre-A Round of Funding, Bringing Total Funding to $16.25 Million

TownSquare is a decentralized leverage and income market powered by cross-chain currency markets and modular income library that brings leverage returns to each chain and each original on-chain asset.

More about TownSquare： 
https://www.rootdata.com/projects/detail/townsquare?k=MjAxMTU%3D

Source: 
https://x.com/TownSquarexyz/status/2057480430186827952?s=20