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ChainCatcher reported that Alva Xu, managing partner of IOBC Capital, stated on X that IOBC Capital has been established for four years and has invested in more than ten crypto VCs, with even deeper investments in Chinese funds. She believes thatit is no longer news that crypto VCs are facing development difficulties, but it is news that crypto VCs are upgrading. Recently, she has learned about some updates from various funds, which make her believe that the crypto VC ecosystem is entering a new stage: A well-known investor has launched a new crypto fund, raising 100 millions, with the first closing already completed at 30 millions; A leading fund is raising a 600 millions USD fund, with the first closing already reaching 300 millions USD; Another leading fund is raising a new fund, with the first closing already at 60 millions; “The second generation of Asian crypto VCs is being cleared out, and crypto investment is ushering in the era of USD-denominated funds.” These funds have very long lifespans, with investment periods as long as 10 years, which are typical of USD-denominated funds and are more inclined toward ‘equity investment’.

ChainCatcher reported that Nasdaq-listed company ZOOZ announced it has spent $10 million to increase its holdings by approximately 88.888 BTC, with an average purchase price of $112,500 per bitcoin. Since adopting the bitcoin treasury strategy in July 2025, the company's total bitcoin holdings have risen to 942 BTC.