Linera Launches Babbage Testnet

Per Bitget market data, spot gold and silver prices have rallied in the short term. Spot gold jumped nearly $15, hitting $4,350 per ounce, with a 2.07% intraday gain. Spot silver rose $0.4 in the short term, currently trading at $64.63 per ounce.

S&P Global announced it has reached an agreement to acquire OpenZeppelin. Founded in 2015, OpenZeppelin is a blockchain security firm that has become nearly the industry default standard for Ethereum smart contracts: its open-source library OpenZeppelin Contracts is used to build tokens, stablecoins, and tokenized funds. Nine of the top 10 stablecoins and all top 10 tokenized money funds are built on the library. OpenZeppelin also provides security audits, continuous monitoring, and institutional-grade on-chain security services, having handled cumulative contract value transfers exceeding $30 trillion. Its clients include Circle, Uniswap, Aave, DTCC, Fidelity Digital Assets, and WisdomTree.

According to HTX market data, the GENIUS token has rallied sharply to break above $0.44, surging over 30% in one hour. On the news front, Genius Terminal—an on-chain trading terminal invested by YZi Labs and with CZ as an advisor—announced the official launch of its token issuance platform genius.fun on BNB Chain. The platform allows creators to transfer tokenized stocks such as bSTOCKS into a decentralized foundation and split them, enabling attempts to exercise equity-related rights off-chain.

The on-chain trading terminal Genius Terminal, backed by YZi Labs and with CZ as an advisor, has officially launched its token issuance platform genius. fun on BNB Chain. The platform supports unbundling tokenized stocks, enabling users to pursue acquisitions of or board seat campaigns for real public companies. genius. fun allows issuers to customize trading pairs, including USDT/USDC, BNB, Ondo tokenized assets, bSTOCKS tokenized stocks, and Four.meme, with plans to integrate more asset types via gPerps in the future. Creators can earn up to 1.25% of trading fees from the tokens they issue, while an additional 0.25% is allocated for buybacks and token locking. Tokens are tracked on their launch page from the first transaction, with a "graduation threshold" set at 15 BNB; post-graduation, the DEX partner is PancakeSwap. The overall workflow involves creating tokens, selecting trading pairs, and officially launching them on the market.

According to data from Arc Explorer, Arc Network’s DEX trading volume over the past 24 hours reached $72.59 million, with around 574,000 transactions. The number of active liquidity pools stood at 9,845, an increase of approximately 5,300 in the same period. Among these, the ARGUS/USDC trading pair ranked first with a 24-hour trading volume of about $15.08 million; ARGUS fell 32.5% over the same period, boasting a market cap of roughly $18 million. The cirBTC/USDC pair ranked second with $6.01 million in trading volume. cirBTC is a wrapped Bitcoin issued by Circle.

Bloomberg reports that people familiar with the matter said the newly established European tech growth fund Scaleup Europe Fund is in talks to invest in UK-based artificial intelligence company ElevenLabs Inc. The €5 billion fund, managed by Swedish private equity firm EQT AB, has made a series of investments in multiple unlisted European tech firms since its launch earlier this year, focusing on strategic sectors including AI, quantum technology, semiconductors, robotics, energy, aerospace and biotech. Its goal is to fill Europe’s late-stage financing gap and prevent high-growth companies from turning to the U.S. for capital. ElevenLabs is renowned for generative voice and conversational AI. In February this year, it closed a roughly $500 million Series D funding round led by Sequoia Capital, valuing the company at around $11 billion, and has attracted additional investments from firms such as a16z and ICONIQ. Discussions between the two sides are still ongoing, with details including the investment amount, valuation, and whether the fund will lead or participate in the round yet to be finalized.