Nasdaq-listed shipping company OceanPal Inc. closed a $120 million private placement to establish SovereignAI Services LLC, a subsidiary focused on blockchain and AI infrastructure developed with the NEAR Foundation. Kraken, Proximity, Fabric Ventures, and G20 Group participated alongside the NEAR Foundation. The funds will support a NEAR Protocol-based digital asset treasury and a confidential AI cloud platform using NEAR and Nvidia technologies.

Global digital asset investment products recorded $921 million in net inflows last week, reversing the prior week's $513 million in outflows, according to CoinShares. Bitcoin-focused funds attracted $931 million, while Ethereum products saw $169 million in net outflows. Improved investor sentiment followed lower-than-expected CPI data released Friday, reinforcing expectations for further interest rate cuts this year.