Blockchain
Levr Bet Raises $3M for Leveraged Sports Betting on Monad, Led by Blockchain Capital and Maven 11
- With over $5M in total funding, Levr has seen 500,000 unique wallets place over 5 million bets in less than 6 months on testnet
San Jose, Costa Rica, 7 AUGUST 2025, Levr Bet, today, announced it has completed a $3 million round led by Blockchain Capital and Maven 11 for the world’s first leveraged sports betting platform. Building on Monad, the seed round brings Levr’s fundraising total to $5.3 million since 2024.
As the sports betting market continues to surge, expecting to gross nearly $95 billion globally by 2029, Levr Bet is unlocking even greater betting potential on blockchain. Over the 5 months across Levr’s beta on testnet, more than 600,000 unique wallets have placed over 5 million bets, making it the most active decentralized sports betting exchange on Monad testnet.
“Levr Bet has shown a glimpse of what’s possible when high-performance throughput and usability converge onchain,” said Keone Hon, Co-Founder and GM of the Monad Foundation. “Across their testnet, LEVR has shown that decentralized applications can deliver real-world utility at scale, with over half a million wallets and millions of bets during testnet. As we prepare for mainnet, projects like LEVR demonstrate the kind of innovation that can truly accelerate adoption of blockchain technology.”
“Levr is an example of how blockchain can move beyond speculation into real-world use cases with strong mainstream interest,” said Sterling Campbell, Investor at Blockchain Capital. “Perps and prediction markets are gaining popularity by the day, and they’re still in their nascent stage of mainstream consumer exposure. By combining the excitement of sports betting with the transparency and capital efficiency of onchain leverage, we are confident that Levr is uniquely suited to tackle this sector and give their users a great experience.”
Levr Bet has demonstrated strong traction during its testnet, notably around major sporting events, including the 2025 NFL Super Bowl and NCAA March Madness, drawing high engagement in each sport. Beyond usage, Levr has gained recognition within the broader crypto ecosystem, placing third at the inaugural Monad Madness in Fall 2024 and earning a finalist spot at the TOKEN2049 Singapore NEXUS Startup Pitch competition.
“We want to thank our lead investors, Blockchain Capital and Maven 11, plus all other investors, for their increasing support,” said Mr. Blue, Founder of Levr Bet. “Sports fans worldwide ache for improved betting and in-game participation. With LEVR Bet, users can expect the greatest thrill in sports aside from actually playing the game.”
LEVR Bet joins a series of major fundraising deals for Monad apps, including Kuru, Perpl, FortyTwo, and Opinion Labs. Currently offering markets on MLB, NFL, and NBA, LEVR Bet is now focused on expanding into soccer, cricket, and new bet types ahead of Monad’s mainnet launch.
About LEVR Bet
Levr is the world’s first Leveraged Sports Book Exchange, integrating the best features of sports betting with on-chain perpetual trading, aimed at delivering an unmatched Decentralized Finance experience that is a first in both sectors. Levr is set to transform the sports betting landscape by introducing an unprecedented feature set of leveraged bets, improved odds, and in-game orderbook-based exchange.
Levr Bet has raised a total of $5.3 million since 2024, having previously closed a Pre-Seed funding round led by Third Earth Capital with backing from Big Brain, DeWhales Capital, FunFair Ventures, Chorus One, and others.
Links: Website | Twitter | Telegram | Discord
Levr Bet is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
About Blockchain Capital
Blockchain Capital is a leading venture capital firm in the blockchain industry and an early pioneer in blockchain investing. The firm has invested in over 100+ companies, protocols, and tokens, with recent investments in Kaia, Drift, Yellow Card, and Bluesky. Founded in 2013, cementing them as one of the first fund managers in the space, BCAP has been actively involved in the blockchain ecosystem, providing not just capital but operational support to innovators building the foundations of the blockchain economy.
DISCLAIMER: This press release contains expressions of opinion and forward-looking statements and is issued for informational purposes only, on an “as is” basis, without any express or implied warranty, fitness for purpose or merchantable quality. LEVR.bet is not available to Participants in the USA and any other jurisdiction where Laws prohibit participation in or require licensing or registration of Levr.bet in order for participation to take place or which is otherwise embargoed and/or sanctioned by the United States of America, the European Union or the United Kingdom, and is not available in any jurisdiction or to any person or group of persons which are prohibited under the Levr.bet Terms and Conditions and Policies. LEVR.bet shall not be liable for the consequences of user actions, loss of capital, or system errors. Gambling is inherently risky, and leverage poses risks compounded thereupon. You may lose some or all of the assets supplied to the platform, and shall use the platform responsibly and at your own risk.
Blockchain
ChainOpera AI (COAI) Builds Product Momentum as Usage and Valuation Gap Widens
ChainOpera AI is one of the more unusual stories in the decentralized AI space right now — a project with real, measurable traction that the market hasn’t fully priced in. COAI is currently trading around $0.36 with a 24-hour volume of $119 million, powering a decentralized AI stack that spans an agent super-app, a developer platform, a model and GPU layer, and an AI-native blockchain protocol. The numbers at the token level look modest. The numbers at the product level tell a different story.
A Platform With Genuine Adoption Behind It
At the time of its official platform launch in June 2025, ChainOpera’s AI Terminal had already surpassed one million daily active users and 150,000 paid users, with more than 1,000 AI agents submitted by community developers. Since then, the developer ecosystem has continued to expand.
The Agent Developer Platform has surpassed 100,000 developers creating and monetizing AI agents, a figure that is considerably higher than comparable projects in the same infrastructure category. That user base isn’t theoretical — it represents a functioning creator economy built around community-developed AI agents, with real revenue flowing through the BNB Chain ecosystem.
ChainOpera has also been actively expanding its AI Terminal with new agents for trading, market insight, and financial advice, and integrated Lit Protocol’s “Vincent” for non-custodial autonomous trading agents. The AI Trading Arena launched in May 2026 adds another functional layer to a platform that is clearly building toward a comprehensive AI agent marketplace rather than a single-use application.
The Foundation Has Been Buying
One signal that stands out from the noise is the behavior of the ChainOpera AI Foundation itself. The Foundation repurchased over 15 million COAI tokens for its strategic reserve — a move that drew attention from market observers as a signal of internal confidence in the ecosystem’s direction. Foundations that buy their own tokens in the open market are putting their treasury behind the thesis that the token is undervalued relative to what the platform is building.
On the derivatives side, futures open interest surged 77% in April 2026, signaling intense speculative interest and elevated leverage in the market. That kind of derivatives activity cuts both ways — it reflects genuine trader conviction but also raises the risk of a sharp deleveraging event if sentiment shifts.
The Valuation-to-Usage Disconnect
Trading at current levels, COAI carries a market cap of around $50 million with a fully diluted valuation near $264 million — a relatively modest figure for a project with user metrics that comparable AI-crypto projects with smaller adoption bases have been valued far higher for. That gap is either an opportunity or a warning sign, depending on what you believe comes next.
The supply structure is the variable most worth watching. Only around 18.8% of tokens were circulating at launch, and major unlocks for core team, advisors, and early backers are set to begin linearly after a one-year lockup — starting around late 2026. If platform adoption continues growing at its current pace and demand absorbs that incoming supply, the valuation gap could narrow considerably. If it doesn’t, the unlock pressure could weigh on price through the remainder of the year.
The system’s Proof-of-Intelligence mechanism verifies and accounts for contributions across compute, models, data, and agents — with COAI used for service access, resource coordination, contribution accounting, and governance, all sitting within a roadmap toward a fully AI-focused Layer-1 chain. The infrastructure is there. What ChainOpera needs now is for the market to catch up to what the platform has already built.
Blockchain
Velvet Rally Accelerates As SpaceX IPO Fever Reaches Crypto Markets
The Velvet (VELVET) chart tells a story that’s hard to ignore. After spending the better part of a year consolidating below $0.22, the token has exploded higher — surging over 300% since June 3 and briefly touching $1.10 before pulling back to trade around $0.87 at the time of writing. Looking at the daily chart, the move is near-vertical against months of flat price action, which makes the catalysts behind it worth examining closely.
Two announcements in quick succession appear to have done the repricing.
Trade.xyz Integration Opens the First Door
The rally’s starting gun was Velvet’s announced integration with Trade.xyz on June 3. The move is more significant than a typical partnership announcement — it represents a fundamental expansion of what the platform does. Rather than operating as a purely crypto-native tool, Velvet is now positioning itself as a single ecosystem where users can access crypto, stocks, commodities, research, and trade execution without jumping between separate applications.
That kind of multi-asset vision has been gaining traction as traders increasingly look for unified platforms that reduce friction. The breakout above the $0.20–$0.22 resistance zone — a level that had capped the price multiple times over the preceding months — came almost immediately after this announcement, suggesting the market considered it a genuine change in the project’s scope rather than a routine integration.
SpaceX IPO Mania Does the Rest
If the Trade.xyz integration lit the fuse, the pre-IPO announcement poured fuel on it. With SpaceX’s much-anticipated public debut increasingly on traders’ radar, Velvet announced that users can now access pre-IPO exposure to companies including SpaceX, OpenAI, and Anthropic — with leverage — directly on the platform.
That’s a compelling offer in the current environment. Pre-IPO access in traditional finance is generally reserved for institutional investors and high-net-worth individuals. The idea that retail crypto traders can get leveraged exposure to SpaceX before it officially lists is exactly the kind of narrative that spreads quickly across markets and drives speculative inflows at speed.
The timing of the price spike and the announcement aren’t coincidental.
Where Velvet Sits Now
Velvet has carved out a positioning that sits at the intersection of two of the most active narratives in markets right now: tokenized access to real-world assets and pre-IPO investing. Both themes have attracted serious capital in 2025 and 2026, and the combination of Trade.xyz’s multi-asset infrastructure with pre-IPO exposure to the most talked-about private companies gives the platform a differentiated pitch.
The chart, however, warrants some realism. A near-vertical move from under $0.15 to above $1.00 in a matter of days rarely holds without consolidation. The token has already pulled back from its peak, and whether it can establish the $0.20–$0.22 former resistance as a new support base will likely determine the near-term trajectory. A healthy retest of that zone after a move of this magnitude wouldn’t be unusual — and would arguably set a stronger foundation for any continuation.
For now, Velvet has the narrative, the announcements, and the chart to back the attention it’s receiving. Whether the momentum outlasts the initial excitement is the question traders are working through in real time.
Blockchain
Monolythium Introduces Public Testnet After Full Protocol Reset
Monolythium Foundation Introduces Public Testnet for Post-Quantum Rust/RISC-V Layer 1
Monolythium Foundation today introduced the public testnet for Monolythium, a rebuilt Layer 1 blockchain designed as settlement infrastructure for autonomous agents, post-quantum accounts, native markets, and operator-cluster infrastructure.
The launch follows a full protocol reset. On April 28, 2026, Monolythium decommissioned its predecessor Cosmos-based app-chain, including its earlier EVM-bridged surface, legacy test network, operator software, launchpad, and explorer. The project chose to rebuild the protocol around autonomous economic activity carried out by humans, companies, software agents, and online services on open settlement rails.
Monolythium’s position is that the next phase of blockchain infrastructure will not be defined only by wallets sending tokens. Software agents are beginning to request services, pay for APIs, buy compute, open escrow, negotiate terms, and act under delegated authority. That requires more than generic smart contracts. It requires identity, consent, spending policy, reputation, service discovery, native markets, and dispute resolution enforced below the application layer.
“Monolythium was not rebuilt to become a slightly faster version of an existing EVM chain,” said Nayiem Willems, founder of Monolythium. “The reset was about removing assumptions that would have limited the protocol later. If autonomous agents are going to hold identities, spend funds, pay service providers, open escrow, and build reputation across platforms, the settlement layer underneath them needs different primitives from day one.”
The rebuilt protocol is not EVM-compatible at execution. Existing Solidity contracts and EVM bytecode do not run natively on Monolythium. The execution layer is Rust-first and compiled to deterministic RISC-V artifacts, while common settlement functions are handled through native protocol modules instead of repeatedly redeployed application contracts.
Those native modules include asset standards, name registration, account policy, issuer attestations, service discovery, availability, reputation, escrow, bridge policy, spending limits, and a protocol-level spot central limit order book, or CLOB. The native CLOB is intended to provide shared spot-market infrastructure for token pairs, stablecoin pairs, compute, data, agent services, real-world assets, and other marketable resources without requiring every market to depend on a separate bespoke contract.
Monolythium deliberately excludes perpetual futures and margin trading from the base protocol. The market layer is designed around spot settlement rather than leveraged derivatives. The project’s view is that agents paying for services, buying compute, routing liquidity, or managing treasury balances need predictable markets and final settlement at the protocol layer.
Post-quantum cryptography is built into the protocol from the start. Monolythium uses ML-DSA-65 for account and consensus signatures. User accounts, operator identities, and consensus certificates are based on post-quantum signatures rather than classical elliptic-curve signatures. The reason is structural: if an account or autonomous agent accumulates reputation, consent history, commercial activity, and attestations over years, its key material becomes part of its economic identity. Monolythium is designed so that identity does not begin with a future migration problem.
At the consensus layer, Monolythium uses Starfish-C, a DAG-BFT design organized around vertices, waves, and anchors. Anchors serve as the user-facing finality unit for payments, orders, escrow updates, bridge routes, and agent actions.
Monolythium also uses operator clusters instead of treating a network operator as a single key controlled by one party. Operators join clusters, clusters admit operators, and infrastructure quality becomes visible through network tooling. The model is intended to make region, reliability, hardware profile, archive capability, oracle support, and other service tiers part of the operator market.
The public testnet also includes LythiumSeal, Monolythium’s encrypted mempool research track. LythiumSeal is designed to keep sealed transaction bodies opaque until ordering is locked, reducing the visibility that can enable front-running and transaction-order manipulation. It is live on testnet, open source, opt-in, and research-stage.
Monolythium mainnet has not launched. The current release is a public testnet intended for developers, operators, and researchers.
About Monolythium
Monolythium is a Rust/RISC-V-native Layer 1 blockchain designed as settlement infrastructure for the autonomous economy. The protocol combines post-quantum account and consensus signing, Starfish-C DAG-BFT consensus, native asset standards, a native spot CLOB, agent-commerce primitives, operator clusters, and hardened node infrastructure.
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