Elon Musk responds to SpaceX's falling stock price, saying the current moment could be a "crazy opportunity".

AI startup June, founded by former Salesforce executive Efrat Rapoport, has emerged from stealth mode and announced the close of a $20 million pre-seed funding round. The round was led by Time Ventures, the investment arm of Salesforce CEO Marc Benioff, with participation from tech industry figures including Michael Dell, Aaron Levie, and George Kurtz. June focuses on solving system integration challenges that enterprises face when deploying AI tools. The company notes that the main bottleneck for enterprise AI adoption today is not model capability, but rather getting AI agents to work in tandem with existing enterprise software systems, data platforms, and complex workflows. June’s platform scans a company’s existing systems, analyzes business processes and data structures, identifies bottlenecks, and automatically generates AI agent deployment plans—including steps like cleaning duplicate data fields, connecting data sources, and optimizing workflows. The founding team previously launched speech recognition firm Bonobo AI, which was acquired by Salesforce in 2019. After the acquisition, the team worked on Salesforce’s AI-related projects and observed the challenges enterprise clients faced when integrating AI into their existing systems. Currently, many large enterprises still rely on traditional data management platforms such as Salesforce, ServiceNow, Databricks, and Workday, requiring AI agents to address issues like legacy systems, fragmented data, and long-standing technical debt.

Israeli AI security startup Zenity has announced the completion of a $125 million Series C funding round, led by Norwest, with participation from SoftBank Vision Fund 2, Hitachi Ventures, LG Technology Ventures, and other investors. Zenity focuses on enterprise AI agent security, aiming to resolve the security, governance, and access control issues that enterprises face after deploying autonomous AI systems. The company believes future AI risks come not only from the models themselves, but also from the impact AI agents—once they gain the ability to execute tasks autonomously—have on corporate systems, data, and business processes. Currently, enterprises are rapidly deploying AI agents that can perform tasks, make decisions, and connect with internal systems. Zenity noted that AI agent adoption in Asia-Pacific markets including Japan, South Korea, Singapore, and Australia is outpacing previous AI technology waves. Proceeds from this funding round will be used to expand Zenity’s business in the Asia-Pacific and European markets. The company currently has around 230 employees, with its R&D center located in Tel Aviv and operational headquarters in New York. Zenity primarily serves heavily regulated industries such as finance, telecommunications, healthcare, pharmaceuticals, and energy, where these sectors are applying AI agents to internal processes as well as customer-facing scenarios like customer service and ticket handling.

According to data from Onchain Lens, Hyperliquid burned approximately $760,210 worth of HYPE tokens in the past 24 hours. The data shows that in the latest reporting period, Hyperliquid generated around $777,200 in revenue, which was allocated to the Assistance Fund and HYPE holders. To date, Hyperliquid’s cumulative HYPE token burn has reached 46.19 million units, valued at roughly $2.5 billion at current prices, accounting for 4.62% of HYPE’s maximum total supply of 1 billion units.

Currently, spot Bitcoin trading volumes on Binance and other major crypto exchanges have dropped to a low level, approaching the levels seen at the end of the 2023 bear market, indicating a decline in market attention to BTC. Data shows that in May, Bitcoin dominated Binance’s trading volume, accounting for nearly 40%, while trading volumes for Ethereum and altcoins were relatively low. Now, the market’s trading structure has shifted: altcoins make up over 60% of trading volume, while Bitcoin’s share has fallen to 22% and Ethereum’s to around 18%. Darkfost noted that Bitcoin prices have seen limited volatility for weeks, with the market entering a “boring phase” as some investors turn to altcoins to seize trading opportunities in the current low-volatility environment. Analysts say that since most altcoins have experienced larger pullbacks than Bitcoin recently, some investors are betting altcoins may outperform BTC going forward. However, such strategies carry high risks and require investors to exercise careful position management.

POAP founder Isabel has announced that after more than five years of operation, the POAP project will gradually wind down. Over the past several years, POAP has minted millions of digital collectibles across hundreds of communities, partnering with global institutions including Coinbase, Amex, Warner Music Group (WMG), and Bayer. Additionally, POAP saw widespread adoption during Devcon, minting over 8,000 collectibles in a single week, and launched the Airport Rally initiative, allowing collectors worldwide to obtain POAPs at airports. Isabel noted that POAP holds special meaning for many people, but due to the crypto industry’s funding cycles and distribution models, building a sustainable business model without compromising the project’s core values has proven challenging. Rapidly evolving tech infrastructure and market cycles have further amplified operational hurdles. She outlined POAP’s key takeaways: user communities are a company’s most undervalued asset; truly valuable products drive brand advocacy through their users; connecting with users remains core value that must not be overshadowed by short-term tech hype and price speculation; and in fast-changing market environments, long-term accumulation and brand trust will serve as critical moats. Isabel added that no plans for the next steps have been finalized, but she is exploring the future of go-to-market (GTM) models for enterprises in the AI era.

July 27–Aug 2, 2026 #LookonchainWeeklyReport ?? Overview Despite a $2.55B stablecoin outflow, DEX trading rebounded strongly, while public companies reduced their $BTC holdings by 319 $BTC, including Strategy's sale of 1,638 $BTC. ?? Stablecoin Market The total stablecoin market cap decreased by $2.55B. ?? Spot & Perps Trading Volume on DEXs DEX trading rebounded strongly last week, with spot volume up 12.77% and perp volume surging 20.15% WoW. ?? Protocol Revenue Top protocol revenue remaine...