China News by Thebittimes.Com

Technotainment, an entertainment platform that combines gaming with commerce, has raised $2 million in a pre-seed funding round to accelerate the launch of its ‘Streaming 2.0’ project.  The round was entirely community-led, with no venture capital firms involved, implying strong early adoption potential, as per the information shared with Finbold prior to the announcement. Having debuted during the Rare EVO 2025 event in August, Technotainment plans to use the newly raised funds to improve its engineering, onboard new creators, and work on new integrations to make content more accessible. “From day one, we set out to bring Hollywood on-chain and build a streaming ecosystem where everyone wins. A community-only raise is a powerful signal: the people who will use and build on Technotainment are the ones funding it. This is what Streaming 2.0 looks like,” Nyhl Henson, Founder and CEO of Technotainment, told Finbold. However, some funds will be allocated to the ...

The company behind President Trump’s official memecoin is reportedly looking to raise $200 million to allocate to a new digital asset treasury (DAT). Fight Fight Fight LLC wants to raise as much as $1 billion to accumulate Official Trump (TRUMP), the President’s memecoin that was launched just days before his inauguration, reports Bloomberg, citing people “familiar with the matter.” The effort to launch a DAT – which could still fall through – aims to support the price of TRUMP, which is currently down 90% from its all-time high. The TRUMP memecoin has spawned its share of controversy. In a letter to the DOJ and the Office of Government Ethics earlier this year, officials at the nonprofit consumer advocacy organization Public Citizen said the memecoin could be a violation of federal law regulating gifts to government officials. Public Citizen officials point out that the TRUMP website notes the memecoins “are not intended to be, or to be ...

This AMA primarily focused on the relationship between Conflux and 0G Labs, discussing 0G Labs’ high valuation, fundraising structure, technical direction, and community concerns over transparency. 0G CTO (formerly Conflux CTO) Ming Wu and 0G Labs CEO Michael Heinrich provided detailed explanations about 0G Labs’ origins, fundraising details, technical roadmap, and its collaboration with Conflux. Community members raised concerns about 0G Labs’ high valuation, transparency in funding commitments, and future revenue model. In response, Michael and Ming Wu argued that 0G Labs’ valuation is based on its long-term vision and market potential, and that its fundraising structure aligns with industry standards. The AMA also touched on changes in the Conflux team, discussions about the Yao Class background, and 0G Labs’ privacy-preserving technology. 0G Labs (Zero Gravity Labs) is a startup focused on the intersection of crypto and AI, aiming to build infrastructure for decentralized AI system...