According to CoinMeta, BBX indicates that the stablecoin giant First Digital has reached a $250 million SPAC agreement and plans to list on NASDAQ in 2027. Meanwhile, Catalyst has secured a $30 million seed round led by Sequoia Capital, marking the beginning of the era of on-chain AI transaction agents. In addition, Soda Labs has received a $3 million exclusive investment, dedicated to establishing a private channel between commercial banks and RWA on the blockchain. The market is witnessing a trend where leading fiat asset issuers are accelerating their move towards the public markets of the US stock market, as well as a dual evolution where established Wall Street venture capitalists are making substantial investments in underlying infrastructure such as AI transactions and privacy.