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The global encryption industry is focusing on Singapore. From October 1 to 2, the TOKEN2049 Singapore conference will be held at the Marina Bay Sands Expo and Convention Center. As the largest and most influential Web3 industry summit in Asia, this event is expected to attract over 25,000 participants from more than 160 countries worldwide, gathering more than 300 speakers and 500 exhibitors. Highlights of the conference preview TOKEN2049 Singapore 2025 will be held from October 1 to 2 at the Marina Bay Sands Expo and Convention Centre in Singapore. The exhibition area for this conference will reach 15,000 square meters, utilizing all five levels of the venue, offering a rich and compact conference experience. As the title sponsor of this conference, Bitget will participate in the flagship Web3 conference in Asia.

Nasdaq-listed company Heritage $CASK announced the completion of a $220 million PIPE financing, becoming the first Story native Token $IP strategic reserve. Among them, $100 million in cash was raised through the issuance of common stock and pre-purchase warrants; $120 million equivalent in $IP tokens was contributed by the Story Foundation. $82 million in cash was purchased from the Story Foundation at $3.4 for $IP. It is expected to reserve 52.5 million IPs, which is approximately 361 million dollars based on the calculation of 6.8785 dollars on August 10. The Story Foundation will use the cash from this IP sale to repurchase the IP, to be completed within 90 days. This round of investors includes not only the Story Foundation but also: a16z crypto, Amber Group, Arrington Capital, dao5, Hashed, Mirana Ventures, Neoclassic Capital, Open World, Polychain Capital, Selini Capital, Stix, Syncracy Capital, etc. Core members include: Founder of Story, PIP Labs CEO S.Y. Lee has been appointed as the Chairman of the Heritage Advisory Committee. Phil Blows, co-founder of AQRU & B2 Capital Management, plans to take on the role of CIO at Heritage. Arrington Capital CIO Ravi Kaza Nomad Capital founding partner, former CoinMarketCap CEO Erick Zhang Former Google executive David Lee However, Heritage plummeted 14% in pre-market, reporting at $0.6.

Last week, there were 14 investment and financing events in the global blockchain industry, with a total scale exceeding $286 million, primarily concentrated in areas such as DeFi, DePIN, and Web3+AI. Notable financing events include the seed round financing of Resolv and Neutrl, as well as the $153 million Series C financing of Bitcoin mining rig manufacturer Auradine.

The crypto market is experiencing a rebound after a fall, with some strong coins like the Virtuals Protocol Token VIRTUAL seeing an upturn. This project is based on the Base chain and is rapidly developing thanks to its technology and marketing support, as well as the integration of AI Agent with encryption tokens. Within its ecosystem, there are also several noteworthy projects, such as GAME, Luna, and VaderAI, which provide functionalities like developer frameworks, virtual humans, and investment management, respectively, to promote ecosystem development.

Last week, there were a total of 14 investment and financing events in the global blockchain sector, with a funding scale exceeding $286 million, mainly concentrated in Decentralized Finance, DePIN, and Web3+AI. Well-known projects such as Resolv and Neutrl secured hundreds of millions of dollars in financing, while Auradine completed a $153 million Series C funding.