ChainCatcher news, according to Insurtech Insights, blockchain insurtech company Otonomi announced the completion of a new funding round of $3.4 million, led by ATX Ventures, with participation from GSR Ventures, Greenlight Re Innovations, Punja.VC, Altari Ventures, Soundboard Venture Fund, Blackhorn VC, Bering Waters, and REFASHIOND Ventures.The new funds are intended to support the development of a blockchain-driven parametric cargo platform, aimed at reducing management costs by 90% and improving claims time and efficiency.Otonomi was founded in 2020 by CEO Yann Barbarroux and co-founder and CTO Jeremy Sutton. The company is headquartered in Brooklyn and focuses on cargo insurance. It was the first in the market to launch parametric cargo delay insurance—a fast, transparent, and automated delay insurance product—that can resolve claims issues in 45 minutes (instead of 45 days), reducing management costs by up to 90%.

ChainCatcher news, according to official sources, the decentralized blockchain network IOST has announced the completion of a $21 million strategic funding round, with participation from DWF Labs, Presto, and Rollman Management Groups.This investment is executed through a tailored allocation mechanism designed to coordinate incentives and support sustainable network growth. This strategic capital will drive the launch of upcoming products, deepen ecosystem integration, and solidify IOST's leading position in the RWA 3.0 innovation space.

ChainCatcher news, according to official sources, the USDT issuer Tether has announced a strategic investment in the African blockchain financial platform Shiga Digital, with the specific amount undisclosed.It is reported that Shiga Digital provides virtual accounts, over-the-counter trading services, fund management, and foreign exchange (FX) services for African businesses.This collaboration will address the long-standing challenges of cross-border payments and global liquidity access faced by African enterprises through a USDT-based blockchain financial infrastructure. Both parties will support the funding and foreign exchange management of traditional industries such as oil and gas within and outside Africa, and help independent contractors easily access foreign currency and global payment services.

ChainCatcher News, Japan's Sumitomo Mitsui Financial Group (SMFG) announced a strategic investment in Hashed Venture's blockchain fund, Hashed Venture Fund III, through its securities subsidiary, SMBC Nikko Securities. The specific investment amount has not been disclosed.It is reported that this investment may promote broader cooperation between Japan's traditional finance and the Web3 industry. There are reports that SMBC Nikko's innovation lab, Nikko Open Innovation Lab (NOIL), is advancing a project called "Proof of Japan," which aims to utilize NFT technology to digitize Japanese cultural assets.

ChainCatcher news, according to Bitcoin News, The Blockchain Group will hold its annual general meeting on June 10, 2025, seeking shareholder approval to raise €10 billion to accelerate its Bitcoin reserve strategy.

ChainCatcher news, Bitget announced a partnership with the University of Zurich Blockchain Center, which ranks third globally in blockchain education. Bitget will sponsor the sixth International Summer Program "Deep Dive into Blockchain 2025," providing scholarships and career development opportunities for young students aspiring to enter the blockchain field.This scholarship program is part of Bitget's $10 million education initiative Blockchain4Youth (B4Y), aimed at making high-quality blockchain education more accessible to talented and passionate students, broadening their development paths. Up to 10 students who meet academic and financial aid criteria will receive full scholarships covering tuition, accommodation, local transportation, field visits, and cross-cultural exchange activities.The course will delve into blockchain from technical, legal, and economic perspectives, aiming to cultivate future talents with interdisciplinary vision. Bitget's Chief Operating Officer Vugar Usi Zade will also personally teach during the course, sharing cutting-edge practical experiences to promote the integration of academia and industry.

ChainCatcher news, the publicly listed Bitcoin mining company DMG Blockchain Solutions Inc. released its preliminary operational report for May 2025, disclosing a mining output of 31 BTC in May, a decrease from the 40 BTC mined in the previous month.Additionally, due to sales transactions made to cover operating expenses and reduce the loan balance at Sygnum Bank, the company's total Bitcoin holdings dropped to 350 BTC by the end of May.

ChainCatcher news, European listed company The Blockchain Group announced the completion of the acquisition of 624 bitcoins, bringing the total holdings to 1,471 bitcoins, valued at approximately €131.9 million based on an average price of about €89,687. Year-to-date (YTD), it has achieved a BTC return of 1,097.6%, with an incremental increase of 439 bitcoins, resulting in a profit of approximately €42.3 million. This increase was completed through a €8.6 million private placement and a €55.3 million convertible bond subscribed by Fulgur Ventures. The company stated that this strategy aims to maximize the number of bitcoins corresponding to each unit share and to continuously advance the Bitcoin treasury company strategy.

ChainCatcher news, according to Artemis data, in May, assets worth over $420 million were transferred from other blockchains to Solana, with over $297 million transferred from Ethereum to Solana.

ChainCatcher news, according to PRNewswire, Global Dollar Network announced that Global Dollar (USDG) is now available on the Ink blockchain.USDG is a dollar-pegged single-currency stablecoin issued by Paxos, which was previously available on the Solana blockchain and maintained Ethereum compatibility. The availability of USDG on Ink provides users and developers with a stable asset for trading, liquidity provision, and interaction with various DeFi applications.

ChainCatcher news, Dr. Xiao Feng, Chairman and CEO of HashKey Group, recently stated in an article on HashKey Group's official WeChat account that "stablecoins will become the starting point of the second growth curve in the blockchain industry." He indicated that the United States is consolidating the global status of "tokenized dollars" through stablecoin legislation, shifting from "petrodollars" to "on-chain dollars," and emphasized that the legislation on stablecoins in the U.S. and Hong Kong has elevated the application of blockchain technology to a national-level technological competition, marking a turning point for the industry.He pointed out that "compliance is the boat, and long-term is the anchor" is HashKey's unwavering strategy, and firmly believes that "compliance + Web3" is the key to building a lasting ecosystem.

ChainCatcher news, the Solana-based blockchain payment network Zebec Network has acquired Science Card, which provides secure and transparent financial tools for students, researchers, and university staff. This acquisition enriches Zebec's strong card product line and may expand its offerings such as crypto debit cards.

ChainCatcher news, according to Chainwire, the blockchain venture fund Blockchain Builders, with a background from Stanford University, announced the completion of a $28 million fundraising for its Fund I.The fund was founded by Stanford graduate students Gil Rosen, Kun Peng, and Steven Willinger, focusing on investing in blockchain startups from Stanford and other top institutions. So far, it has invested over $16 million in 40 blockchain companies, covering areas such as artificial intelligence, infrastructure, DeFi, DePIN, payments, and RWA. The remaining funds are expected to be deployed to other blockchain projects by the end of the year.

ChainCatcher news, according to CoinDesk, Vaulta and Fosun Wealth Holdings are collaborating to support the blockchain infrastructure for the financial industry in Hong Kong. Vaulta will provide its BankingOS suite and exSat digital banking platform for asset issuance, yield generation, and crypto payments, while Fosun Wealth will provide support for financial licenses and physical asset issuance capabilities.