labs

AI infrastructure startup Gimlet Labs has completed a $300 million financing round, raising the company's valuation to $3 billion. This round of financing was led by Andreessen Horowitz (a16z), with participation from Arm Holdings and Microsoft's venture fund M12.Gimlet Labs primarily helps clients allocate AI tasks to different types of chips and is collaborating with Arm to make its software compatible with various chip technologies from Arm.

Base Labs has announced its establishment as an independent research organization focused on advancing open-source AI. It believes in a healthy and open frontier model ecosystem and will conduct scientific research in an open manner.Base Labs will carry out blue-sky research on continuous learning, reinforcement learning science, and model lifecycle learning mechanisms, and will publicly share all experiments and recipes; it will build the BaseHub Data Foundry to provide an open reinforcement learning environment, training data, and real-world benchmarks; it will enhance the capabilities, safety, and alignment of open-source models through continuous post-training and deploy cutting-edge safety stacks; at the same time, it will conduct model performance research to reduce costs and improve performance.The organization emphasizes that this is mission-driven research work rather than a commercial product and is currently recruiting engineers, researchers, and research scholars.

Memecoin issuance platform Pons announced on Thursday that Uniswap Labs has purchased its token PONS, stating that this move is a "long-term alignment" and is seen as a deepening of cooperation between the two parties. Both parties did not disclose the scale of the purchase, transaction price, or holding address, and Pons did not specify whether Uniswap Labs acquired the tokens through the open market or received a token allocation.Pons is the Memecoin issuance platform that charges the highest issuance fees on the Robinhood Chain, launched on July 13, and deployed the V2 contract on August 3. Its V2 will route tokens raised through joint curve fundraising to the Uniswap V4 pool, while the Robinhood Chain currently accounts for 56.3% of the total trading volume on Uniswap V4. Previously, Uniswap Labs launched a competing issuance platform, Pools.trade, on the Robinhood Chain on August 5, surpassing Pons on its first day of launch.Data shows that Pons generated $5.95 million in fees in the past 24 hours, $28.83 million in fees over the past 7 days, and $40.84 million in fees over the past 30 days, using about 80% of the protocol fees to repurchase PONS, with a cumulative supply destruction of 29.34%. PONS is currently priced at $0.5013, up 17.5% in 24 hours, with a market capitalization of approximately $357 million.

Market maker and investment institution DWF Labs announced that its affiliated group entity has obtained regulatory approval as a Virtual Asset Service Provider (VASP) from the British Virgin Islands Financial Services Commission (BVI FSC).

According to market news, HyperLend Labs purchased 5,017,336.42 HPL through over-the-counter trading, accounting for approximately 1.25% of the circulating supply, and the related tokens will be withdrawn from circulation.

Term Labs released a technical report on the security incident, confirming that all fixed-rate loan positions in the affected vault have been restored as of August 25. The incident was limited to the liquid balance within the Term vault, and Term V1 and V2 contracts were not compromised, with the direct lending market remaining open.Attack process: From August 17 to 18, the attacker funded an operational wallet through Tornado Cash and submitted a malicious proposal disguised as a governance proposal, setting the governance delay parameter to zero and removing the window for LP blocking changes. On August 23, the attacker executed two batches of attacks, extracting assets from the ETH and USDC strategies and transferring them to the attacker's wallet. Term Labs stated that it has cooperated with law enforcement, the affected vault and strategies have been closed, and the contracts have been upgraded and migrated before expiration.

Polygon Labs announced that it has completed a SOC 2 Type 1 examination for the Polygon Open Money Stack API and dashboard, covering the security trust services criteria. The independent auditing firm Schellman & Company, LLC determined that Polygon has implemented appropriate security controls.SOC 2 is an auditing framework established by the American Institute of Certified Public Accountants. A Type 1 examination assesses whether the design of the control system is correct at the time of the examination, while a Type 2 examination is ongoing and will test the execution of relevant controls over several months of actual operation. The report states that complementary user entity controls are not necessary for Polygon to fulfill its service commitments.Polygon Labs CEO Marc Boiron stated that as a technology provider handling real funds, it is essential to meet the standards of financial institutions, and most crypto infrastructure has never been audited against this standard for systems actually integrated by customers. Type 1 confirms that the control design is correct, and Type 2 will confirm its daily operation.

Arthur Hayes-led AI agency project Flop Labs announced that it is building a GPU computing power exchange, allowing the buying and selling of computing power resources. Flop Labs pointed out that NVIDIA's quarterly data center computing power sales reached $89 billion, a year-on-year increase of 117%, but GPU pricing is still not standardized, and users need to contact suppliers directly for quotes.On Flop, AI agents purchase computing power from miners using FLOP tokens, and validators re-execute some of the completed computational work to verify the pricing basis used in the transactions.

On-chain financial privacy infrastructure Primus announced that it has received investment from YZi Labs to support its ongoing work in on-chain financial privacy infrastructure. Primus also thanks YZi Labs and EASYResidency for their investment, support, and trust.Primus Confidential Vault is now live on the BNB Chain, providing private asset transfer and yield features for on-chain finance through FHE.

Blockchain analysis company Chainalysis has filed a lawsuit in the U.S. Federal Claims Court, accusing the U.S. Immigration and Customs Enforcement (ICE) of illegally awarding a $94.6 million exclusive contract to competitor TRM Labs. This contract provides forensic software and support services for investigations by the Department of Homeland Security's task force, with a performance period from July 1, 2026, to June 30, 2027. Chainalysis claims this is the largest blockchain analysis contract awarded by the U.S. government to date.In the complaint, Chainalysis pointed out that ICE issued a Request for Information (RFI) on May 28, which included 18 questions regarding capabilities such as a proprietary fraud victim database, AI agent data retrieval, automatic notifications for virtual asset service providers (VASP) to execute voluntary freezes, and collaboration with stablecoin issuers. However, many of the RFI requests did not appear in the final Statement of Need released less than two weeks later, while ICE's market research determined that Chainalysis could not meet the needs based on RFI standards. Chainalysis also noted that "sexual extortion," which was not mentioned in the RFI, became one of the three main task areas in the Statement of Need, and some requirements closely matched TRM's proprietary product architecture.Chainalysis claims it was the only company to submit a capability statement, but ICE completed its market research the next day, determining that TRM was the only vendor capable of meeting all the requirements, and did not pose any follow-up questions to it.

According to on-chain analyst Yu Jin's monitoring, the HyperLabs address (0x43e9...a251) applied to redeem 433,000 HYPE from staking 10 minutes ago, worth 36.14 million USD. This HYPE will complete the staking withdrawal in 7 days, on September 6. According to previous records, these HYPE will be transferred to a centralized exchange through the market maker Flowdesk after the withdrawal.

Cosmos Labs released a technical report, admitting that it previously misjudged an integer underflow vulnerability in the Cosmos EVM, which led to attacks on six blockchain networks between August 20 and 25, resulting in a total theft of approximately $5.7 million in tokens. The attacker exploited the vulnerability to underflow account balances to the maximum value of 2^256-1, then performed a reverse operation to transfer the inflated balance out, thereby stealing tokens from the target accounts without creating tokens out of thin air.The report shows that researchers submitted the defect through a bug bounty program on April 25, but testers were unable to reproduce it on the existing Cosmos chain configuration, so Cosmos Labs silently patched it in May. Independent researchers confirmed in early August that the vulnerability affected all Cosmos EVM chains, and Cosmos Labs released a patch on August 19, but the first attack occurred about 20 hours later.In terms of specific losses, MANTRA lost 720.9 million tokens (approximately $3.6 million), TAC lost nearly 3 billion TAC, and KiiChain lost about 148 million KII. Both MANTRA and KiiChain criticized Cosmos Labs for not notifying the affected chains in advance and suggesting a shutdown, with KiiChain stating that the patch would take several days to deploy while a shutdown would only take a few minutes. Cosmos Labs stated that it has coordinated responses with 40 chains and assisted 13 chains in completing repairs or shutdowns before being attacked.

According to CryptoSlate, Polygon Labs issued an urgent notice that Polygon PoS nodes remaining on the old versions of Bor or Heimdall have lost consensus after the activation of the Austin and Kyoto hard forks and need to upgrade to catch up with the network progress. Austin was activated at mainnet block 91,949,700, requiring Bor v2.1.0 or above; Kyoto was activated at height 51,533,000, requiring Heimdall v0.11.0 or above.Austin fixed two types of Bor resource exhaustion risks: L1 to L2 bridging state synchronization events not counted towards the gas limit could slow down block processing; the TxDependency field having no size limit could lead to peer node crashes. Kyoto addressed vulnerabilities such as deep nested message attacks, fee coin scanning, and checkpoint signature recovery. Both hard forks are pure binary upgrades, requiring no state migration, and non-forked nodes do not need to resynchronize. Operators of old clients should upgrade and restore synchronization under Polygon's guidance if necessary.

The fixed-rate lending protocol TermMax (parent company Term Structure Labs) announced a strategic investment from YZi Labs, with the amount undisclosed. TermMax is a selected project in the YZi Labs incubation program EASY Residency for the third quarter. The protocol has raised over $8 million in total financing, with previous investors including lead investor Cumberland DRW from the 2023 seed round, as well as HashKey Capital, Decima Fund, Longling Capital, MZ Web3 Fund, and other institutions.The TermMax mainnet is set to launch in April 2025 and is currently deployed on 10 EVM-compatible chains, operating 60 fixed-rate markets and 40 strategy vaults, with a total locked value of tens of millions of dollars and over 1.5 million registered wallets. The protocol achieves fixed-rate lending by splitting debt into three tradable tokens: FT (zero-coupon bonds), XT (interest and option value), and GT (leverage position certificates), with settlement using physical delivery.Its token $TMX completed its TGE on August 25, with trading on the first day across platforms such as Binance Alpha, Kraken, Bitget, MEXC, and KuCoin. It is reported that TermMax will subsequently advance in three directions: on-chain yield curves, interest and options markets for tokenized stocks, and the institutional financing platform TermPrime.

On August 27, NVIDIA announced its financial report, with Q2 revenue for FY2027 at $96.2B, a year-on-year increase of 106%. Data center revenue was $89.0B, a year-on-year increase of 117%. The Q3 revenue guidance is $108B, and it anticipates a revenue growth of about 70% for FY28. WEEX TradFi shows that the AI hardware sector is also rising, with Lumentum (LITE) up 10.16% in 24 hours, Arm (ARM) up 8.19%, and Western Digital (WDC) up 7.82%.WEEX Labs believes that this round of market activity is driven by "AI inflection point + high growth guidance," with funds spreading from GPUs to optical interconnects and storage. The short-term main focus remains on re-pricing guidance, and caution is advised regarding volatility after expectations are fulfilled.

Cryptocurrency financial and tax solutions provider FinTax announced the completion of its seed round financing, led by YZi Labs, with participation from Amber, Hash House, Pundi AI, Waverider International, and Nexus Holdings, resulting in a post-investment valuation of $40 million. Previous round investors include Victory Courage, BGIN, Tools Factory, and individual investor Fan Chao.In recent years, YZi Labs has been continuously investing in stablecoins, RWA, payment, and institutional-level digital asset infrastructure. Leveraging FinTax's expertise in on-chain data processing, crypto accounting, cross-jurisdictional tax practices, and crypto asset financial auditing, both parties will explore long-term ecological collaboration around institutional-level financial and tax infrastructure, compliance standards, and emerging scenarios such as stablecoins, RWA, and payments.Following this round of financing, FinTax will accelerate the scaling of its five product lines, expanding its business from the Asia-Pacific and North American markets to Europe and the Middle East, and deepening the application of AI in complex financial and tax scenarios. FinTax will continue to promote the dual iteration of blockchain and legal systems across dozens of jurisdictions, enabling on-chain economic activities to connect with the real-world financial and tax systems.

The Sui development team co-founder of Mysten Labs, Kostas Kryptos, stated that Havenex is undergoing Series A financing and is about to complete it. All necessary license applications and some additional license applications have been submitted, and the financing amount is also close to being fully allocated.Havenex is not positioned to become another Coinbase, Binance, Bybit, or Kraken, but rather to provide infrastructure for financial institutions, enabling them to offer digital assets and traditional financial assets to clients while meeting regulatory, custody, security, and transparency requirements. Havenex plans to support a multi-chain architecture, verifiable custody, continuous solvency proof, default multi-signature, quantum-resistant keys, hardware two-factor authentication wallets, as well as self-custody and key loss protection mechanisms; in regions where regulations allow, it will also support privacy assets and RWA. The project will use Sui technology in suitable scenarios while integrating assets, bridging protocols, and foundational components from other ecosystems.The concept of Havenex was proposed by him, and he will currently participate as an advisor, but Mysten Labs and Sui remain his main focus. He stated that the project aims to establish transparency and security standards different from those of FTX and Mt. Gox, and to reduce the serious vulnerability risks caused by code generated by large language models recently.

Flop Labs announced the FLOP token economics draft, with no VC allocation, no presale, and airdrops aimed at miners, validators, agents, and early community participants.According to the draft chart, the total supply of tokens is expected to reach 17.2 billion in the 10th year, with a terminal year inflation rate of 0.6%; in the total supply distribution, miners account for the highest proportion at 51.2% (8.8 billion), airdrops account for 20.4% (3.5 billion, subdivided into miners, validators, agents, and reserve incentives), the team and foundation account for 11.4% (2 billion), validators and brokers/agents each account for 6.8% (1.2 billion each), and staking rewards account for 3.4% (600 million).Flop Labs stated that an AMA hosted by Arthur Hayes (CryptoHayes) will be held next week on X Spaces/YouTube to announce more details. The project team emphasized that the above token economics data is all draft and specific details may change.

According to Techcrunch, AI Agent testing infrastructure startup Arga Labs announced the completion of a $10 million seed round financing, led by General Catalyst, with participation from institutions such as BoxGroup, Emergence Capital, Gradient Ventures, and SV Angel.The company aims to address the challenges of testing, training, and adapting complex business systems during the deployment of enterprise-level AI Agents by creating a complete digital twin environment for enterprise software, replicating permission systems, Webhooks, and system interaction logic, allowing AI Agents to train in an environment close to real work.