BlockDAG Nets $353M Presale, Aiming for 3,025% Day-One Returns via Mobile Mining

BlockDAG has secured over $353 million in its ongoing presale, drawing attention with its hybrid Proof-of-Work DAG architecture and 2 million users mining directly on mobile. The project processes 10 blocks per second today, with plans to exceed 100, and boasts 4,500 developers building more than 300 real-world applications.

With a limited-time presale price of $0.0016 and a launch price set at $0.05 on August 11, early backers stand to gain 3,025% returns day one, fueling forecasts that BDAG could reach $1 or higher.

Trovata has acquired ATOM, the enterprise Treasury Management System developed by Financial Sciences Corporation, integrating advanced features—like debt and investment management, FX hedging and payment workflows—into its cloud-native multibank data platform.

The company closed a $9 million Series B extension led by State Street Corporation and The PNC Financial Services Group, bringing total funding to $80 million, with earlier backing from J.P. Morgan, Wells Fargo, National Australia Bank, Capital One Ventures and Mastercard.

Intel has announced it will spin off its Network and Edge Group (NEX) into a standalone company as part of CEO Lip-Bu Tan's broader push to streamline operations and focus on x86 and AI. The decision follows a $2.9 billion quarterly loss, a 15% workforce reduction and the cancellation of non-core projects.

NEX, covering networking silicon, Ethernet and communications infrastructure, will seek strategic investors while Intel remains an anchor backer. Sachin Katti, NEX chief and Intel's AI strategy lead, says the move will let the new entity "innovate faster and invest in new offerings," sharpening its customer-facing roadmap.

Spear AI, a Washington, DC–based provider of AI solutions for maritime operations, has closed a seed funding round led by Scare the Bear Capital and Cortical Ventures. The undisclosed investment will fuel expansion of its flagship Horizon platform, development of new AI-driven tools and enhancement of maritime sensor capabilities.

Key uses for the Horizon system include domain awareness, undersea surveillance and operational intelligence, supported by modular sensors and integrated software. With existing contracts supplying AI expertise and infrastructure to the U.S. Department of Defense and Navy, Spear AI plans to grow its team and enter commercial and international markets.