Boltz says the problem is how quickly attackers can operate now. Boltz said in posts on X that swaps are off “until further notice,” with no timeline for any possible return. “To be clear: this is not a response to a single incident,” the Bitcoin bridge builder said. Over the past few months, it had seen a steady increase in automated, AI-assisted probing of its systems and had dealt with several exploits, each of which was contained. “Attackers now iterate faster than a team our size can find and patch,” Boltz said. The recent security scans left the company unable to responsibly turn swaps back on while “being actively targeted by what appear to be multiple resourceful groups while we race to deploy fixes.”

Boltz blames major shift in Bitcoin operating services for move

The company described the change as “a major paradigm shift for Bitcoin services operating on an open source stack.” It told users, “Do not expect swap services to resume shortly.” Boltz confirmed that no one lost funds, as it never takes control of customer coins. The swaps are done via hashed timelock contracts, a mechanism that either completes a trade in full or reverses it within a single block.

Swaps move value between regular BTC, Lightning BTC, and Liquid Network BTC. “No user funds were ever at risk,” Boltz said. It continued, “Losses were ours alone.” Boltz has not revealed its transaction volumes, while DeFiLlama showed its total value locked at ~$262,000. The API is still running and operational, so users can process cooperative refunds, and unilateral refunds work anyway, as they don’t depend on Boltz infrastructure.

Bull Bitcoin told users that Lightning payments and Liquid-to-Bitcoin swaps in its wallet would now “fail without explanation” while it searches for a fix. Aqua Wallet issued a similar notice and said it was working with Boltz to find an alternative route for Lightning swaps. The shutdown is a warning to anyone building on an open stack with a small headcount. AI attackers are getting more sophisticated, and the cost of maintaining enterprise-grade security “will price out many innovative startups” working on services tied to client funds, even non-custodial ones, said Swan co-founder Yan Pritzker.

AI software has been connected to a seed-phrase exploit of Coldcard, a hardware wallet implicated in more than $100 million in stolen Bitcoin. Cryptopolitan also reported the same trend in DeFi, where GoPlus Security said more than $1.5 million was drained in four smart-contract attacks in 48 hours. A16z crypto found the success rate of an off-the-shelf AI agent exploiting known vulnerabilities jumped from 10% to 70% once it was fed structured attack knowledge.

The post Boltz suspends BTC swaps amid rise in AI attacks first appeared on Coinfea.

Sedric Louis, John Davis, and Martel Williams each face one count of conspiracy to interfere with commerce by robbery, a charge under the Hobbs Act that carries a maximum penalty of 20 years in prison. U.S. Attorney David X. Sullivan for the District of Connecticut announced the charges Tuesday. All three pleaded not guilty. The men were brought in by the people coordinating an earlier kidnapping and told to raid a Connecticut home, threaten the person inside, and make him move stolen Bitcoin into wallets that the coordinators controlled, investigators say.

Authorities charge three over attempt to steal Bitcoin

According to prosecutors, the group drove to the state over four days in late August 2024, rented vehicles, picked up air rifles and walkie-talkies, and then spent two days watching the target and his parents. The three left, worried the home’s security cameras had recorded them and unable to contact their co-conspirators. Then a different crew from Florida came out to try and pull off the robbery instead.

As Cryptopolitan reported earlier, a resident of Washington, D.C., was scammed out of 4,100 Bitcoin, worth about $245 million, via a social-engineering scam perpetrated by Veer Chetal and two others who posed as support personnel for Google and a crypto-exchange. Chetal’s family was caught in the crossfire of a fight between Chetal and an alleged associate of Adam Iza at a Miami nightclub in mid-2024. Six men from Florida rammed Sushil and Radhika Chetal’s Lamborghini SUV near Danbury High School on August 25, 2024, blocked it with a van, and dragged the couple out.

Sushil Chetal was beaten with a baseball bat. According to court records, both parents were bound with duct tape, Cryptopolitan reports. Police in Danbury, aided by an off-duty FBI agent who happened to be in the area, chased the van until it crashed and arrested all six. Several people connected with the case have entered guilty pleas. Adam Iza, a 25-year-old businessman from California known as “The Godfather,” pleaded guilty in June to the same Hobbs Act conspiracy and is scheduled to be sentenced on August 12, reported Cryptopolitan.

The six Florida men involved in the kidnapping have also pleaded guilty, and two have already received sentences of 11 years. The three Missouri defendants were charged in a second superseding indictment returned by a federal grand jury in New Haven on May 22, 2026. Louis and Davis have been in custody since their arrests on June 25 and entered their pleas on July 30 in federal court in Bridgeport. Williams showed up on July 17 and was released on bond.

According to Cryptopolitan, blockchain security firm CertiK reported 34 verified “wrench attacks” in the first four months of the year, a term used to describe the use of physical force to gain access to Bitcoin, marking a 41% increase from the same period in 2025. Losses totaled about $101 million. CertiK predicts the number of attacks will hit ~130 by the end of the year.

The post Bitcoin home invasion lands three Missouri men in prison first appeared on Coinfea.

The integration brings MoonPay’s gasless transaction experience to one of the world’s largest stablecoin settlement networks, supporting over $22 billion in average daily transfer volume. Support extends across the TRON ecosystem, including SunSwap and JustLend, making it easier for users to move assets and interact with on-chain applications.

Traditionally, users transacting on TRON were required to maintain a balance of TRX, the native utility token of the TRON network, to cover network fees, even when sending or swapping stablecoins. Through MoonPay’s Trade infrastructure, gas fees are abstracted and incorporated into the overall transaction, allowing users to transact with just the assets they already hold.

The integration simplifies onboarding for both new and existing users by removing one of the most common points of friction in on-chain transactions. Users can process onchain transactions without needing TRX for gas, creating a more seamless experience for wallets, applications, and businesses building on TRON.

Trust Wallet is the first launch partner to support the integration, bringing gasless TRON transactions to its users through MoonPay’s Trade infrastructure.

“TRON empowers millions of users around the world who rely on the network for everyday payments,” said Justin Sun, Founder of TRON. “The network was created on the belief that blockchains should be accessible, easy to use, and give individuals greater control over how they transact. The collaboration with MoonPay advances that vision by simplifying stablecoin transactions on TRON and making everyday onchain payments easier for users.”

“Stablecoins are transforming how money moves, but they need to work seamlessly across every network,” said Ivan Soto-Wright, CEO and Founder of MoonPay. “TRON is one of the world’s most important stablecoin ecosystems, and removing the need to hold TRX eliminates unnecessary friction for users. Together with TRON, we’re making stablecoin transfers simpler and more accessible for millions of people worldwide.”

This collaboration reinforces TRON’s position as the leading settlement network for stablecoins while expanding access to a more seamless on-chain experience for MoonPay users. As adoption continues to grow, the integration removes operational friction for wallets, developers, and businesses building products on the TRON network.

Disclaimer: MoonPay’s Trade infrastructure is operated by Swaps XYZ, Ltd, a British Virgin Islands company and subsidiary of MoonPay. It is not licensed, authorized, or regulated by any financial services regulator, and is not covered by any license, authorization, or registration held by MoonPay and its regulated affiliates. Nothing herein should be construed as an endorsement or regulatory approval by MoonPay or its regulated subsidiaries. 

About MoonPay

Founded in 2019, MoonPay is a global financial technology company that helps businesses and consumers move value across fiat and digital assets. MoonPay has more than 30 million customers across 180 countries and supports more than 1,700 enterprise customers spanning crypto and fintech.

MoonPay powers ramps, trading, commerce, and stablecoin infrastructure, connecting traditional payment rails with blockchains.

MoonPay is how the world moves value.

Media Contact

press@moonpay.com 

About TRON DAO

TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.

Founded in September 2017, the TRON blockchain has experienced significant growth since its MainNet launch in May 2018. Until recently, TRON hosted the largest circulating supply of USD Tether (USDT) stablecoin, which currently exceeds $90 billion. As of August 2026, the TRON blockchain has recorded over 396 million in total user accounts, more than 15 billion in total transactions, and over $26 billion in total value locked (TVL), based on TRONSCAN. Recognized as the global settlement layer for stablecoin transactions and everyday purchases with proven success, TRON is “Moving Trillions, Empowering Billions.”

TRONNetwork | TRONDAO | X | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum

Media Contact

Yeweon Park

press@tron.network 

The post MoonPay Brings Gasless Transactions to TRON, Simplifying Stablecoin Payments first appeared on Coinfea.

The analytics firm linked affected addresses to likely regions using on-chain records and exchange connections. It said Coldcard gained local adoption through influencer campaigns and Canada’s early Bitcoin culture.

The United States and Thailand also recorded significant losses during this week’s attacks. Estimates place the value of stolen Bitcoin between $110 million and $150 million.

Coldcard Exploit Prompts Wider Security Response

The incident has triggered a coordinated effort to identify similar weaknesses across Bitcoin software. A group called the Red Team is conducting AI-assisted audits of wallets, libraries, tools, and infrastructure.

Rob Hamilton, chief executive of AnchorWatch, is leading the initiative. The team has spent more than $20,000 on model tokens and secured further funding.

So far, the Red Team has scanned 150 code repositories and contacted relevant project teams. It has also approached OpenAI about using Cyber Harness for deeper vulnerability testing.

Researchers have used the free Kimi K3 model to examine cryptocurrency codebases. The audits highlight how cheaper models can support both defensive research and malicious discovery.

The Red Team says its reviews are finding about one serious or critical vulnerability each hour. Its testing systems have reached several Bitcoin projects within the past 12 hours.

Multiple Attackers Target Exposed Wallets

On-chain evidence indicates that the Coldcard theft involved several entities rather than one attacker. Alex Thorn, head of Firmwide Research, said the activity occurred in multiple waves.

The first wave caused the largest losses. Onchain Lens reported that attackers removed more than 1,816 BTC from 5,200 affected addresses.

Most stolen funds remain in destination wallets. This differs from many cryptocurrency attacks, where criminals move assets through mixers within hours.

One wallet holding about 64 stolen BTC appears to have started early mixing activity. It mixed 10 BTC and transferred the remaining 54 BTC elsewhere.

Law enforcement agencies have tagged most destination addresses. However, mixing services can make portions of the funds harder to trace and recover.

Owners Urged to Replace Wallet Seeds

Coldcard users have received advice to do more than install firmware updates. Security guidance recommends creating a new wallet seed and moving funds immediately.

Users have also been urged to apply higher transaction fees. In some cases, owners recovered funds by outbidding and front-running pending attacker transactions.

The exploit has affected broader Bitcoin sentiment and renewed concerns about self-custody risks. It also shows how quickly multiple attackers can exploit publicly known weaknesses.

The Red Team’s work aims to reduce similar incidents by auditing critical components before attackers locate flaws. Its current campaign covers software used throughout the Bitcoin ecosystem.

The post Coldcard Exploit Hits Canadian Bitcoin Holders Hardest as Losses Reach 1,816 BTC first appeared on Coinfea.

What Robinhood Chain is

Robinhood Chain is a permissionless, EVM-compatible Ethereum layer 2 built as an Arbitrum Orbit chain running the Nitro stack, purpose-designed for finance and tokenized real-world assets. It produces blocks every 100 milliseconds with sub-second soft confirmations, uses Ether (ETH) as its gas token, and posts data to Ethereum using blobs. Full Ethereum finality follows roughly 13 minutes after a batch is posted to layer 1. The network exposes standard Ethereum JSON-RPC, so Foundry, Hardhat, ethers.js, viem, and web3.py work unchanged, and Solidity contracts deploy without modification.

One detail matters for trading workloads: the sequencer orders transactions first come, first served by arrival time, so a higher priority fee does not move a transaction ahead of the queue. Endpoint latency, not fee strategy, determines ordering outcomes — making node placement an execution concern, not a cost concern.

Three deployment paths, one control plane

Global Nodes are auto-scaling, load-balanced RPC endpoints; Dedicated Nodes are isolated high-performance instances with unlimited requests. Chainstack Self-Hosted is a Kubernetes-native control plane for running nodes inside the customer’s own environment, handling deployment, monitoring, updates, and recovery, with one-click deployment, self-healing, and snapshot bootstrapping that brings new nodes online without a full sync from genesis. Chainstack is among the first infrastructure providers to offer a self-hosted path for Robinhood Chain.

Why the third path matters

Tokenized-equity infrastructure splits three ways. A proprietary trading firm needs latency guarantees. A wallet integrating tokenized equities needs cost-predictable throughput. A regulated issuer or licensed broker-dealer frequently cannot place customer-linked transaction data on third-party infrastructure at all, regardless of the provider’s certifications.

“RWA teams can get the token model and compliance framework right and still be blocked by infrastructure policy,” said Eugene Aseev, CTO and co-founder of Chainstack. 

“For a regulated issuer, where the node runs can decide whether the product ships at all. With managed and self-hosted deployments on the same control plane, teams can bring infrastructure into their own environment without rebuilding the stack.”

Availability

Robinhood Chain joins Chainstack’s 70+ supported networks, including Ethereum, Solana, Base, Arbitrum, Polygon, and Hyperliquid — one platform, one billing relationship, and one observability layer for cross-chain RWA flows. Chainstack also operates a Model Context Protocol (MCP) server that lets developers query on-chain data and deploy nodes from Claude, Cursor, and ChatGPT.

Endpoints are live now. Create a Chainstack account, deploy a node on mainnet or testnet, and use the HTTPS or WSS endpoint with chain ID 4663 or 46630. Testnet tokens are available through the Chainstack faucet, and free-tier access is available for teams evaluating the network.

About Chainstack

Chainstack is a Web3 infrastructure platform serving 100K+ developers across 70+ blockchain networks, holding SOC 2 Type II and ISO 27001 certifications. Chainstack provides low-latency RPC access, dedicated node deployments, and self-hosted node infrastructure for teams building trading, DeFi, fintech, and RWA applications worldwide.

The post Chainstack adds Robinhood Chain support across managed and self-hosted node deployments first appeared on Coinfea.

The model would burn a growing share of rewards earned by validators. Its burn rate would increase with the staking ratio. It would reach 100% when roughly half of Ethereum’s total supply becomes staked.

Researchers Target Unrestricted Staking Incentives

Jérôme de Tychey, Ladislaus von Daniels, and Ethereum Foundation researcher Justin Drake are among the proposal’s six authors. Their approach addresses a reward system that never fully removes incentives for additional ETH staking.

Since the Merge in September 2022, Ethereum has recorded no issuance from its execution layer. Validators still receive roughly 1,700 ETH daily through consensus rewards. However, that total changes according to the amount staked.

Researchers propose introducing the mechanism over 18 months. This transition would prevent a severe decline in validator yields.

The authors estimate immediate implementation would cut net consensus yield from about 2.6% to 1.2% at current staking levels. They said such a sharp reduction could cause many validators to withdraw their stake.

Aave founder Stani Kulechov challenged the proposed ceiling on X. He argued that zero rewards above 50% staking could make Ethereum yields unpredictable. Such conditions could also appear uneconomical to institutional buyers seeking predictable cash flows.

Record ETH Staking Raises Issuance Questions

Ethereum’s staking share reached a record 33.33% on July 28, 2026. Current policy places no limit on how high that ratio can rise.

Under the existing structure, yields decline only with the square root of validator growth. They also retain a floor of roughly 1.5%, regardless of total participation.

The proposal would create a defined point where extra staking produces no additional issuance. It would also reduce new ETH entering circulation. Moreover, the mechanism could limit dilution for holders who choose not to stake.

Large corporate holdings have raised concentration concerns. Bitmine Immersion Technologies has staked more than 5 million ETH, representing about 4.8% of circulating supply.

Bitmine added 150,120 ETH worth roughly $278 million on August 4. The purchase lifted its total holdings to approximately 5.8 million ETH.

Ethereum Draft Moves Into Public Review

Lower consensus rewards could weaken returns from liquid staking protocols and staked ETH investment products. Liquid staking platforms currently hold $34.9 billion. Lido accounts for $17.6 billion of that amount.

The draft has no official EIP number and no assigned network upgrade slot. It is under review on the Ethereum Magicians forum. Client teams, stakers, and other community participants can provide feedback there. At submission, the proposal had received two positive reactions and one thumbs-down.

The post Ethereum Tapered Issuance Burn Proposal Targets Staking Inflation first appeared on Coinfea.

Whale accumulation is also growing as exchange reserves continue to contract. Demand from United States buyers remains subdued, according to the Coinbase premium index. The indicator has stayed mostly negative throughout 2026, showing weaker Coinbase demand than on other major platforms.

ETH open interest is nearly unchanged at $11.37 billion, reflecting limited demand for leveraged trading. The token recently traded near $1,889.80 after struggling to extend gains around the $1,900 level. Even so, ETH gained 18.5% in July, marking its strongest monthly performance of 2026.

The Coinbase premium for ETH remained negative for most of 2026, showing weakened US demand and rising global accumulation from Binance. | Source: Cryptoquant

Ethereum Global Demand Outpaces Coinbase Buying

Ethereum demand is stronger across global markets, particularly on Binance, where prices have carried a premium over Coinbase. The gap reflects withdrawals and purchases outside the United States as domestic institutional demand slows.

Interest from digital asset treasury companies also weakened during the summer of 2026. However, international projects continued buying ETH, moving tokens from Binance, and directing holdings toward staking and other blockchain activities.

DeFi lending has also started recovering. ETH remains widely used as collateral across decentralized finance protocols, helping keep liquidity inside the Ethereum ecosystem rather than on centralized exchanges.

Ethereum Smart Contract Deployments Accelerate

Ethereum recorded rising smart contract activity during the second quarter of 2026. More than 500,000 new contracts were deployed during the final week of July.

Low network fees supported the increase by making Ethereum transactions and contract activity cheaper. Contract deployers also climbed to 14,900 near the end of July, according to Token Terminal data.

DeFi contracts produced the highest ETH burns, while the SeaDrop NFT contract ranked among the busiest contracts on August 3. New and unnamed projects also increased their deployment activity.

Ethereum showed a new inflow of smart contracts in the past month. | Source: Token Terminal

Ethereum continues serving as a settlement network for tokens, tokenized securities, wrapped Bitcoin, and other digital assets. Stablecoin activity has also moved back toward Ethereum as Layer 2 activity slows.

Active assets included DAI, SHIB, CRO, PAX Gold, ONDO, and USDT. Their usage reflects both established token activity and increasing demand for tokenized real-world assets.

Ethereum Whales Increase Staking Positions

Ethereum whales have accumulated ETH while transferring more tokens away from exchanges. Retail traders remain more bullish, although larger holders continue taking a cautious approach.

ETH whales are still more bearish compared to retail traders, but some strategic whales are accumulating more tokens for the past month. | Source: Coinglass

One whale withdrew 112,000 ETH during the past month and began sending the holdings to Ethereum’s Beacon Chain staking contract.

Bitmine also staked 150,120 ETH, locking more than 87% of its treasury holdings. Meanwhile, the validator exit queue held only 6.6 ETH awaiting withdrawal. More than 2.4 million ETH are currently waiting to enter staking and begin earning rewards.

The post Ethereum Whales Pull ETH From Exchanges as On-Chain Demand Rises first appeared on Coinfea.

Several forecasts identify the fourth quarter as the most likely period. However, worsening economic conditions or tougher regulation could delay the low into 2027.

The broader crypto market has faced heavy selling during the first half of 2026. Its total capitalization stands near $2.18 trillion, while Bitcoin has fallen more than 27% year to date.

Late 2026 Emerges as Leading Bottom Window

Glassnode has identified the third quarter as a possible turning point, citing early signs of accumulation. Mudrex Learn places the most probable bottom between October and December 2026. Analyst Anupam Dodecha estimates a price range of $50,000 to $55,000.

Both firms describe the market as closer to a bottom than a top. Mudrex noted that Bitcoin recently touched $60,000 before recovering. The report viewed the rebound as evidence of buyer support, although not confirmation of a final floor.

As of July 12, The Motley Fool placed Bitcoin near $63,853. It described the decline as Bitcoin’s worst bear market since 2022.

Halving Cycles Support the Q4 Forecast

Mudrex links the late 2026 projection to Bitcoin’s April 2024 halving. Previous cycles produced bottoms 24 to 28 months after halving events. That pattern creates a window from mid-2026 through late 2026.

Another model starts from Bitcoin’s October 2025 peak. A typical bear market lasting 12 to 15 months would place the next low in the fourth quarter of 2026.

Historical patterns also support the forecast. Bitcoin reached its previous cycle low near $17,600 in June 2022. That level held through the FTX collapse in November. December also marked major capitulation points near $3,200 in 2018 and $15,500 in late 2022.

Mudrex said CryptoQuant, Glassnode, Benjamin Cowen, and PlanB broadly favor a fourth-quarter bottom.

Economic Risks Could Delay the Cycle Low

The late 2026 outlook assumes that macroeconomic conditions do not deteriorate sharply. A deep recession, stricter crypto regulation, or other market pressures could move the bottom into the first quarter of 2027.

A separate scenario places the low in summer 2026 if exchange-traded fund demand prevents a drawdown exceeding 70%. Mudrex described that outcome as unprecedented and dependent on a major shift in supply and demand. ETF inflows could therefore reduce the severity of the downturn.

The Motley Fool also identified quantum computing as a major long-term threat. A sufficiently powerful machine could weaken current cryptographic protections. BIP-360, approved in February 2026, represents an initial step toward making Bitcoin quantum-resistant.

The publication said major blockchains may need greater investment in cryptographic research. Such changes could affect future market cycles and the assets leading the next recovery.

The post Bitcoin Price Bottom May Arrive in Late 2026 as Cycle Signals Align first appeared on Coinfea.

“This is very much a proposal and not a mandate,” he wrote. “I believe our ecosystem belongs to all of us and is not truly resilient or decentralized if the founder is calling all the shots,” he continued. He wants to hear from validators and token holders voting through House of Stake and the community before anything moves forward. NEAR is getting ready to begin its sixth year of Mainnet. Polosukhin called the first five years a bootstrapping phase. Recent groundwork, he says, includes inflation falling by half in late 2025, a fee switch that directs revenue from NEAR Intents to token buybacks, and NEAR charging for AI inference.

NEAR co-founder wants community input on his proposal

According to the forum post, the proposed treasury would be funded by NEAR’s existing protocol treasury and the protocol revenue collected to date and in the future. The fund would hold it in NEAR and put the tokens to work. A portion of the revenue share would fund the Validator Support Program, MPC providers, and other similar services. The fund would launch with ~30 million NEAR, or about $53 million at current prices. Participation by delegates in NEAR’s stake-weighted governance system, House of Stake.

He mentioned that it will be carried out through mechanisms that are already set up. Over time, Polosukhin suggested, NEAR could redirect a growing share of emissions into the fund. That would reduce effective inflation, and validators and stakers would still be paid. Sovereign wealth funds and university endowments turn one-off or cyclical income into a permanent asset base that pays out yield year after year. Polosukhin cited Norway and Singapore. Singapore’s fund is 45 years old, and Norway’s is 36, evidence that the structure can survive market cycles.

Crypto revenue is just as cyclical as oil or land sales, he stated, so putting it into a productive fund is better than paying bills directly. He drew a sharp distinction between this process and the burning of tokens, a mechanism NEAR’s community has discussed in the past. Burning offsets inflation for a moment, he said, but the effect washes out in a volatile asset, and once inflation switches off, there is nothing left. He likes simple math; the same tokens are lent out on yield, and the principal continues to generate funding.

Polosukhin turned down a proposal in early July to burn tokens held by the Foundation, saying that a one-time burn was “a blunt instrument” and instead pointing to the possibility of a Bitcoin-style hard cap on the supply of NEAR. The fund helps that. If the yield can eventually cover network security and public goods on its own, he wrote, NEAR “could move towards a fixed supply.”

The Near Foundation co-founder acknowledged that yield carries risk. The plan is to diversify and hedge it, and any inflation adjustment should still keep validator and staking incentives intact. NEAR was trading at $1.74, up 1.4% on the day but down 29.6% over the year, according to CoinGecko data.

The post NEAR co-founder pushes sovereign fund to save network from inflation first appeared on Coinfea.

The Shenzhen-based unicorn is only three years old, founded in early 2023. The CEO, Yandong Guo, had disclosed last September that the company aimed to go public within one or two years. AI² Robotics has not formally confirmed a filing for a Hong Kong listing. However, it’s worth noting that it conducted a joint-stock restructuring in April, which is usually seen as a structural precursor to public listings. Two months after the reform, the company raised nearly 5 billion yuan ($736 million), pushing its valuation past 20 billion yuan (over $2.9 billion).

AI² Robotics pursues plans to go public after $736 million raise

The firm builds wheeled humanoid robots, which it calls AlphaBot, paired with an in-house vision-language-action system named Alpha Brain, which Guo says is their “key advantage.” According to Guo, AI² Robotics has been a unicorn even in the last year. In September, he told Reuters that the company was “looking at 10 times growth (in revenue) pretty much every year.”

AI² Robotics is now on the growing list of Chinese robotics startups pursuing a listing in Hong Kong, as capital needs for scaling manufacturing continue to rise. In fact, Caixin Global reported Tuesday that up to 50 Chinese robotics startups are currently looking to list in Hong Kong or the Chinese mainland. Among these companies are leaders such as Unitree Robotics and AGIBOT.

Earlier in July, Cryptopolitan reported that Unitree Robotics had been cleared for its planned IPO this August. The company is expected to be valued at more than 50 billion yuan ($7.4 billion) following the debut. AGIBOT, the largest Chinese robot vendor, plans to list in Hong Kong later this year. The company targets a valuation of HK$40 billion to HK$50 billion ($5.14 billion to $6.4 billion), according to people familiar with the matter.

The post AI² Robotics eye plans to go public in Hong Kong first appeared on Coinfea.