MEXC On-chain Daily Report: Grayscale Postpones IPO Plan

Updated: May 29, 2026 09:30 (UTC+8) | Author: MEXC

1. Headlines

• Grayscale delays IPO listing plans

• Trump says he will sign Bitcoin market structure bill

• Sui mainnet stalled, transactions may currently be paused

• Grayscale files amended Hyperliquid ETF application

• BIS launches blockchain cross-border payment testing

2. Industry Updates

Lambda256 and CertiK Form Strategic Partnership to Expand Digital Asset Security and Compliance in Asia-Pacific

According to Odaily, Dunamu subsidiary and blockchain technology company Lambda256 announced a strategic partnership and memorandum of understanding (MOU) with Web3 security firm CertiK. The two parties will jointly expand digital asset security and compliance infrastructure across Korea and the broader Asia-Pacific region. Under the partnership, Lambda256 will serve as an official distribution partner for CertiK’s security and compliance products, including SkyInsights and AI Auditor solutions. Combining strengths in on-chain intelligence, smart contract auditing, consortium blockchain infrastructure, and localized deployment, the firms aim to provide integrated security and compliance services for enterprises, financial institutions, and virtual asset service providers.

AI Coding Startup Cognition Raises Over $1 Billion at $25 Billion Valuation

According to Odaily, AI programming startup Cognition has completed a new financing round exceeding $1 billion, pushing its pre-money valuation to $25 billion, more than doubling from its $10.2 billion valuation eight months ago. The round was led by Lux Capital and General Catalyst, with continued participation from Founders Fund and 8VC. Official data shows that enterprise usage of its AI developer product Devin has achieved 50% month-over-month growth over the past six months. The company’s ARR has reportedly reached $492 million, with clients including Mercedes-Benz, NASA, Goldman Sachs, and Santander.

OpenAI and SpaceX IPO Expectations Prompt Wall Street Portfolio Rebalancing

According to Odaily, with mega IPOs from SpaceX and OpenAI approaching, major U.S. mutual funds and passive index funds have begun adjusting portfolio allocations in advance. Some funds are increasing cash holdings and considering trimming positions in large-cap tech stocks to free up room for future index additions. Goldman Sachs Managing Director John Flood noted that historical data shows mutual funds often increase cash reserves ahead of major IPOs. Nasdaq-100, S&P 500, and FTSE Russell are also reportedly advancing rule changes to accelerate inclusion of mega-cap newly listed companies.

AI Chip Firm Groq Seeking Up to $650 Million for New Entity

According to Odaily, AI chipmaker Groq is raising up to $650 million from existing investors after signing a reported $20 billion licensing agreement with NVIDIA. The funding will support the launch of a new entity called “Groq2.” Reports indicate the new company will gradually shift away from chip manufacturing and focus on building an “AI-native cloud” service platform. Groq has gained industry attention for its AI inference chips, and the strategic transition highlights how competition in AI infrastructure is expanding from hardware into cloud services.

Sequans Exits Bitcoin Treasury Strategy and Refocuses on IoT Chips

According to Odaily, French semiconductor company Sequans Communications announced that it has completed repayment of all debt related to its Bitcoin treasury strategy and officially exited the crypto treasury model. The company stated that most of the debt repayment was funded through the sale of approximately 80% of its Bitcoin holdings. It currently retains 658 BTC and says the holdings are now “fully unencumbered.” Sequans plans to refocus on its core 4G and 5G IoT chip business, including smart metering, asset tracking, connected vehicles, and industrial IoT applications.

Gemini Launches AI-Powered “Command Center” for Prediction Markets

According to Odaily, Gemini has introduced an AI-powered “Command Center” within its prediction market platform, adding an intelligent AI layer for personalized real-time market insights. The feature integrates SpaceXAI models to deliver customized market summaries, sentiment analysis, and predictive signals based on user holdings, watchlists, and forecasting activity. Gemini stated that the service covers crypto, sports, commodities, economics, and politics, allowing users to quickly access key prediction market developments without monitoring extensive news or social media feeds.

AI Financial Data Infrastructure Firm Daloopa Raises $47 Million Series C

According to Odaily, AI financial data infrastructure company Daloopa has completed a $47 million Series C financing round led by Brighton Park Capital, with participation from Squarepoint Capital, Touring Capital, and Nexus Venture Partners. The new funding will support platform expansion and the growth of engineering, product, and marketing teams. Daloopa has expanded data access capabilities through MCP connectors integrated with OpenAI ChatGPT, Anthropic Claude, Perplexity, and Rogo, while also providing API services for third-party developers.

Lightning Capital Launches $100 Million “AI Ripple Effect” Fund

According to Odaily, Lightning Capital announced the launch of a $100 million early-stage “AI Ripple Effect” fund and appointed former Andreessen Horowitz partner Michele Griffin as Managing Partner and COO. The fund will focus on startups creating secondary effects across industries, infrastructure, and workflows as AI transitions from experimentation into commercial adoption. In addition, the fund will provide secondary market and cash management strategies for family offices and corporate investors seeking liquidity solutions.

Argentina Proposes Bringing Crypto Services Under Anti-Gambling Regulation

According to AiCoin, the Argentine government has submitted legislation to Congress proposing that virtual asset service providers be included under anti-gambling regulatory frameworks. The bill would prohibit banks, fintech firms, crypto exchanges, and wallet providers from facilitating transactions for unlicensed gambling platforms. Violators could face prison sentences ranging from two to four years. The proposal would also require exchanges to strengthen due diligence, transaction monitoring, and KYC policies, while Argentina’s central bank and national securities regulator coordinate efforts to block related technical infrastructure and fund flows.

3. MEXC Market Hot List

Data source: Real-time MEXC market data before 09:30 (UTC+8). Figures may change with market fluctuations.

Top 24H Gainers

CLAW/USDT (+3,682.25%), QAIT/USDT (+2,731.80%), WALLI/USDT (+94.75%)

Top 24H Trading Volume

BTC/USDT (714.742M), ETH/USDT (346.535M), USDC/USDT (88.022M)

Top Trending Meme Tokens

RAGEGUY/USDT, KELLYCLAUDE/USDT, VIRL/USDT

4. On-Chain Calendar

High-Risk Token Unlock Alerts

• MemeCore/USDT [06-03 03:45] — Unlock of 178.54M USDT, representing 4.32% of circulating supply, with relatively high short-term sell pressure

• Rain/USDT [06-11 06:45] — Unlock of 380.16M USDT, representing 10.57% of circulating supply, with extremely high short-term sell pressure

Key Macro Events Today

• May 29, 04:30 — U.S. Federal Reserve Balance Sheet Data [Reflects overall market liquidity conditions and impacts the U.S. dollar index and crypto market liquidity]

• May 29, 21:10 — Fed Governor Bowman Speech [May provide monetary policy signals affecting USD strength and crypto interest rate expectations]

• May 29, 21:15 — Fed Official Paulson Speech [May provide monetary policy signals affecting USD strength and crypto interest rate expectations]

5. Risk Alert

Recent security incidents show that hackers are increasingly using fake AI tools, counterfeit quantitative trading plugins, and malicious automated trading scripts to distribute malware. Some users have unknowingly downloaded fake on-chain monitoring tools, airdrop detection plugins, or AI trading assistants, resulting in browser wallet permissions and sensitive account data being compromised.

These malicious programs are often disguised as legitimate plugins or open-source utilities and can silently access browser cache, session data, and wallet information in the background. Some malware can even monitor copied wallet addresses and automatically replace them with attacker-controlled addresses, making detection extremely difficult.

Meanwhile, scammers are also exploiting the popularity of AI-related projects by distributing infected compressed files and malicious scripts under the names of “AI beta testing,” “automated arbitrage tools,” or “exclusive trading assistants” through online communities and social platforms.

Users are strongly advised not to download software, plugins, or scripts from unknown sources. Wallet-related operations should preferably be conducted on isolated devices or within separate browser environments. Before installation, always verify the authenticity of developers and official distribution channels, and regularly review device and wallet security status to reduce the risk of malware-based asset theft and better protect digital assets.

MEXC Chain Observation Daily, updated daily at 09:30 am, strives to provide professional, timely, and in-depth market analysis for cryptocurrency practitioners. Welcome to share and subscribe.

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Risk Warning: The content of this article is for reference only and does not constitute any investment advice. The cryptocurrency market is volatile, please make a cautious decision based on your own situation.