Industry News

Tracks company news, strategic changes, funding activities, and personnel adjustments across the blockchain and crypto industries, delivering a full-spectrum industry overview for our users.

From Wuhan to Silicon Valley, Manus Took Nine Months

From Wuhan to Silicon Valley: Manus Acquired by Meta in Nine Months Manus, an AI startup, was acquired by Meta for billions of dollars, marking Meta’s third-largest acquisition after WhatsApp and Scale AI. The deal was finalized just nine months after Manus launched its product in March. Founded by Xiao Hong, a graduate of Huazhong University of Science and Technology, Manus began in Wuhan. Xiao had previously sold two tools: a WeChat public account editor and a CRM tool for enterprise WeChat. Manus, initially criticized as a "shell" product for building on existing models rather than developing its own AI, used models like Claude and Qwen. In July, Manus relocated from China to Singapore, reducing its team from 120 to 40 core members. This move was crucial to facilitate the acquisition by a U.S. company amid regulatory challenges. The negotiation with Meta took only ten days, driven by Meta’s urgent need for a proven AI application—Manus had achieved $125 million in annualized revenue through a global subscription model within eight months. Investors including Sequoia China, Tencent, and ZhenFund saw returns of dozens of times on their investments. Following the acquisition, Xiao Hong became a VP at Meta. While ZhenFund’s partner Liu Yuan declared it the era for young Chinese entrepreneurs, the path to success involved moving the company out of China.

深潮12/30 04:08

From Wuhan to Silicon Valley, Manus Took Nine Months

深潮12/30 04:08

Times Square Goes Crypto: XRP “589” Catches Ex-CFTC Chair’s Eye

Times Square's New Year's Eve display for 2026, consisting of the numerals "2026," was constructed using 589 LED bulbs. This specific number sparked significant reactions within the XRP community, as "589" is a recurring motif in its online circles. The coincidence led to widespread sharing of content and speculation on social media platforms. Former CFTC Acting Chair Caroline Pham, now at MoonPay, added to the buzz by reacting to the footage with rocket emojis. However, no official endorsement or connection between the event organizers and XRP exists. Mainstream news outlets reported on the display's logistics without mentioning crypto, and analysts caution against interpreting the coincidence as meaningful financial guidance. The event is largely seen as an example of how online communities rapidly identify and spread patterns.

bitcoinist12/30 04:01

Times Square Goes Crypto: XRP “589” Catches Ex-CFTC Chair’s Eye

bitcoinist12/30 04:01

Paradigm's Stalling Moment: When a 'Research-Driven Crypto VC' Faces Reality Test

Paradigm, once a leading research-driven crypto VC, is facing significant challenges marked by an unprecedented wave of high-level departures since April, including multiple partners. Its investment strategy, which previously yielded iconic deals like Uniswap and Flashbots, has struggled to adapt to shifting industry trends toward application-layer innovation and financial products. The firm has made several high-valuation, late-stage investments—such as Farcaster, Babylon, and Monad—that have underperformed post-token, while missing early opportunities in high-return areas like derivatives and RWA. Its incubation initiatives, including the EIR program, have also seen setbacks, with projects like Shadow and Yield Protocol halting operations. Recently, Paradigm has increased investment frequency and shifted toward earlier-stage deals. It is now focusing heavily on Tempo, a payment-focused Layer-1 blockchain developed with Stripe, aiming to regain its influence in a more results-driven market. Despite these challenges, Paradigm remains one of the best-capitalized VCs in crypto.

marsbit12/30 03:35

Paradigm's Stalling Moment: When a 'Research-Driven Crypto VC' Faces Reality Test

marsbit12/30 03:35

Shiba Inu Holders Targeted In Major Security Breach, How To Stay Safe

Shiba Inu holders are being targeted in a major security breach linked to a compromised version of the Trust Wallet Chrome browser extension (version 2.68). Embedded malicious code allowed attackers to drain funds without user detection. The SHIB community, due to its large holder base and widespread use of browser wallets, is particularly affected. Warnings urged users to immediately disable the vulnerable version and update to version 2.69. Trust Wallet acknowledged the breach, which resulted in approximately $7 million in losses across 2,596 confirmed wallets, and has committed to reimbursing all verified victims. This incident highlights ongoing infrastructure risks in crypto, reminiscent of a previous $4.1 million Shibarium bridge exploit in September 2025.

bitcoinist12/30 02:32

Shiba Inu Holders Targeted In Major Security Breach, How To Stay Safe

bitcoinist12/30 02:32

Manus Joins Meta, Achieving 100x Company Value Growth in One Year: What Did They Do Right?

Meta has acquired AI startup Manus in a deal reportedly valued between $4–5 billion, marking a staggering 100x increase in the company’s valuation in under a year. Founded by Xiao Hong, Manus had previously turned down a multimillion-dollar acquisition offer from another tech giant to pursue its vision of building a general-purpose AI agent. Despite early domestic skepticism—with critics dismissing it as a mere “shell" built atop existing AI models—Manus gained significant traction internationally. It attracted serious attention from major players like Google, Microsoft, and OpenAI, with Google even embedding engineers to help integrate its Gemini models. The company reached nearly $100 million in annual recurring revenue (ARR) prior to the acquisition. Manus succeeded by adopting an “incremental mindset,” positioning itself not as a competitor to foundational model developers but as an application-layer innovator that drives token consumption and expands use cases for AI models. Its strategy focused on solving high-frequency user tasks through engineering-heavy, user-centric product development, creating what insiders describe as a “smartphone-like” platform for AI agents. The acquisition underscores the value of focused execution and first-mover advantage in the emerging AI agent space. It also signals a broader shift: in the AI era, success may depend less on owning core models and more on delivering superior user experiences and capturing early user workflows.

深潮12/30 01:44

Manus Joins Meta, Achieving 100x Company Value Growth in One Year: What Did They Do Right?

深潮12/30 01:44

Crypto Morning Brief: Brevis Opens Airdrop Check, Trend Research Accumulates Over 46,000 ETH in a Single Day

The SEC's corporate finance deputy director Cicely LaMothe, who led key crypto policies, has retired. Democratic Congresswoman Maxine Waters criticized SEC Chair Atkins for ending enforcement actions against crypto firms and demanded a hearing. Brevis opened its airdrop registration portal. SlowMist warned of a new NPM supply chain attack variant. Flow Foundation proposed a no-rollback recovery plan after a $3.9M exploit, while Trust Wallet confirmed 2,596 addresses were affected in a recent incident. Standard Chartered and Ant International launched a blockchain-based deposit solution in Hong Kong. Cantor Fitzgerald predicted a potential "crypto winter" by 2026 but expects continued institutional adoption. Trend Research accumulated over 46,000 ETH in a single day, and MicroStrategy added 1,229 BTC. Eightco Holdings announced a $125M stock buyback plan.

marsbit12/30 01:25

Crypto Morning Brief: Brevis Opens Airdrop Check, Trend Research Accumulates Over 46,000 ETH in a Single Day

marsbit12/30 01:25

Crypto Morning Report: Brevis Opens Airdrop Inquiry, Trend Research Accumulates Over 46,000 ETH in a Single Day

Title: Crypto Morning Brief: Brevis Airdrop Goes Live, Trend Research Accumulates Over 46K ETH in a Day Key developments from the crypto market: - SEC Corporate Finance Deputy Director Cicely LaMothe, who led key crypto policies including memecoin classification and staking guidance, has retired. - Representative Maxine Waters criticized SEC Chair Atkins for ending enforcement actions against crypto firms like Coinbase and Binance, demanding a hearing. - ZK verifiable computing platform Brevis opened its airdrop registration portal, with claims open from Dec 29 to Jan 3. - SlowMist warned of a new NPM supply chain attack variant called "Shai-Hulud 3.0." - Flow Foundation announced a no-rollback recovery plan after a $3.9M exploit, with phased network restoration. - Trust Wallet confirmed 2,596 addresses affected in its recent security incident, with 5,000 claims submitted. - Standard Chartered and Ant International launched a blockchain-based tokenized deposit solution in Hong Kong. - Cantor Fitzgerald predicted a potential "crypto winter" by 2026 but noted continued institutional adoption. - Trend Research withdrew 13,462 ETH ($39.3M) from Binance, accumulating over 46,000 ETH in one day. - MicroStrategy purchased 1,229 BTC ($108.8M), now holding 672,497 BTC with an average cost of $74,997. - Eightco Holdings (WLD treasury) approved a $125M stock buyback plan. Market trends and recommended reads included analysis of global trading, Web3 narratives, silver's surge, ETH vs. BTC performance, and stablecoin adoption challenges.

深潮12/30 01:15

Crypto Morning Report: Brevis Opens Airdrop Inquiry, Trend Research Accumulates Over 46,000 ETH in a Single Day

深潮12/30 01:15

Bitpush Daily News Highlights: Coinbase Reports Record High Open Interest for 2025; BitMine Adds 44,463 ETH Last Week, Total Holdings Exceed 4.11 Million; Strategy Officially Purchases 225,027 Bitcoin Year-to-Date

Coinbase reports record-high open interest for 2025, with perpetual futures reaching $1 billion in June, U.S. futures hitting the same milestone in July, and derivatives options open interest surging to $60 billion in October. BitMine increased its ETH holdings by 44,463 last week, bringing its total to 4.11 million ETH—3.41% of Ethereum’s total supply. The firm also holds 193 BTC, $23 million in EightCo Holdings stock, and $1 billion in cash. Since October, it has acquired nearly 1.46 million ETH. Additionally, BitMine has staked 408,627 ETH, valued at $1.2 billion. If fully staked, its annual yield could reach $374 million, or over $1 million per day. MicroStrategy (MSTR) has purchased 225,027 Bitcoin so far this year—1.3 times the total annual Bitcoin mining output. Cantor Fitzgerald warns that Bitcoin may enter a prolonged downturn in 2026, potentially testing MicroStrategy’s average cost basis near $75,000. However, the market is more institutionally driven this cycle, with growing divergence between token prices and on-chain activity in DeFi, tokenization, and infrastructure. Regulatory clarity from U.S. legislation may encourage deeper institutional involvement. Hyperliquid Labs is set to distribute 1.2 million HYPE tokens (worth ~$31.2 million) to its team on January 6. HYPE has a max supply of 1 billion tokens, with over 61% still locked.

比推12/30 00:06

Bitpush Daily News Highlights: Coinbase Reports Record High Open Interest for 2025; BitMine Adds 44,463 ETH Last Week, Total Holdings Exceed 4.11 Million; Strategy Officially Purchases 225,027 Bitcoin Year-to-Date

比推12/30 00:06

Looking Back at Prediction Markets by the End of 2025: Scale, Players, and the Watershed Moment

By the end of 2025, prediction markets have fundamentally shifted from being event-driven tools reliant on black swan events to platforms sustained by structural trading demand. The total monthly trading volume has grown from under $100 million in early 2024 to over $1 billion by late 2025, indicating a phase of explosive growth and consistent liquidity. The industry has evolved into five distinct segments: 1. **Compliant Markets**: Kalshi (CFTC-regulated, exchange-like) and Polymarket (globally liquid, later US-compliant) lead with institutional and high-frequency trading, especially in sports contracts. 2. **Crypto-Native Experiments**: Platforms like Opinion explore high-risk, crypto-policy, and speculative events, driving innovation but facing regulatory uncertainty. 3. **High-Frequency Trading Platforms**: Limitless shortens contract cycles, blurring lines between prediction markets and derivatives trading. 4. **Embedded Markets**: Myriad Markets integrates prediction features into wallets and super-apps, reducing user acquisition costs and making participation more casual. 5. **Native Information Markets**: Platforms like predict.fun and media integrations use incentives and community mechanisms to blend prediction with content and social interaction. Regulation in 2025 has not meant full liberalization but rather the establishment of boundaries—predictive contracts are recognized as financial instruments, yet state-level gambling laws remain a friction point. The core shift for users is understanding that these markets now price uncertainty and reflect consensus, not just binary outcomes. Looking ahead, prediction markets are becoming tools for understanding uncertainty rather than mere betting arenas, with projections suggesting significant future growth. 2025 marks the beginning of this structural transformation.

比推12/29 23:05

Looking Back at Prediction Markets by the End of 2025: Scale, Players, and the Watershed Moment