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According to Odaily, blockchain data infrastructure startup Cambrian has completed a $6 million seed round of funding, co-led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, Paper Ventures, and Nomad Capital, among others. Odaily previously reported that Cambrian had also secured a $5.9 million pre-seed round led by a16z Crypto Startup Accelerator, bringing its total funding to $11.9 million. Founded in 2024, Cambrian currently offers APIs for institutions and AI Agents, covering real-time and historical on-chain data such as returns, risks, lending rates, trading activity, liquidity positions, and market sentiment, helping users allocate capital on-chain. The company plans to expand its current APIs into a verifiable blockchain data oracle network to serve institutional financial clients, AI Agent builders, and protocols that require reliable data to control capital flows. Unlike traditional oracles that primarily provide price data, Cambrian aims to aggregate lending protocol data, DEX liquidity, social sentiment, developer activity, and historical market data. According to Cambrian, its platform has processed millions of API calls and currently indexes around $4.5 billion in TVL across four major lending protocols, tracks 1,789 vaults under 895 curators, and monitors over 320,000 DEX liquidity pools on Base and Solana. The company also plans to expand support for trading data, adding Hyperliquid and more comprehensive perpetual contract data.

Golden Ten Data reported on June 25 that US investment-grade bond issuance set another record in June, mainly driven by strong investor demand and large-scale borrowing related to the surge in artificial intelligence spending. According to data compiled by Bloomberg, the issuance volume this month has reached $175 billion, up 60% from the full-year level in June 2025, surpassing the previous historical peak set in 2020—when borrowing activity surged in the near-zero interest rate environment following the COVID-19 pandemic. The rapid pace of bond issuance highlights the profound impact of tech companies financing AI infrastructure construction on the debt market. NVIDIA and SpaceX each issued $25 billion in high-rated bonds this month, pushing total issuance far above dealers’ previous estimates of around $130 billion for June.

Glonghui June 25｜The three major US stock indexes closed mixed, with the Nasdaq falling for the third consecutive trading day. At the close, the Dow Jones rose by 0.36%, the Nasdaq fell by 0.43%, and the S&P 500 Index fell by 0.09%. Chip stocks continued to pull back, with Western Digital and Seagate Technology dropping more than 4%, Qualcomm falling over 3%, SanDisk falling over 2%, ARM and NXP Semiconductors dropping over 1%, Micron Technology falling 0.37%, and Nvidia falling 0.56%. Hertz's stock price plunged 41%, marking its largest single-day drop since its US IPO.