Robotics

Crypto derivatives traders on Hyperliquid are valuing Unitree Robotics at nearly $38 billion through pre-IPO perpetual markets, far above the robot maker’s roughly $9 billion IPO valuation. The gap sets up a potentially sharp convergence event when public trading begins, with leveraged longs and shorts both exposed to liquidation risk.

Paradigm has raised a $1.2 billion venture fund aimed at artificial intelligence and robotics, broadening its investment mandate beyond digital assets. The firm has already backed companies including Zipline International and True Anomaly while maintaining that crypto remains central to its strategy.

Framework Ventures says blockchain is moving beyond crypto-native speculation and into the capital markets for AI compute, robotics and energy infrastructure. The firm has raised a $400 million fund to back tokenization, stablecoins and frontier technologies.