Connect with us

Crypto World

Mint Incorporation Limited Partners with Rice Robotics to Launch Physical AI Joint Venture

Published

on

21Shares Introduces JitoSOL ETP to Offer Staking Rewards via Solana

TLDR:

  • Mint signs MOU with Rice Robotics to establish a joint venture for physical AI solutions.
  • Initial investment of HK$10M aims to accelerate robotics R&D in Hong Kong and Asia.
  • MIMI shares surged nearly 97% in after-hours trading following the strategic announcement.
  • Joint venture plans to expand from B2B services into consumer-focused robotics markets.

 

Mint Incorporation Limited (NASDAQ: MIMI) has signed a non-binding Memorandum of Understanding with Rice Robotics Holdings Limited on February 9, 2026.

The agreement sets the stage for a joint venture focused on physical AI solutions across Asia. Mint will provide an initial investment of approximately HK$10 million.

Following the announcement, MIMI shares surged nearly 97% in after-hours trading, reflecting investor interest in the company’s expansion into robotics and AI.

Joint Venture to Drive Physical AI Innovation

Mint Incorporation Limited’s subsidiary, Aspiration X Limited, will lead the collaboration with Rice Robotics Holdings Limited.

Advertisement

The joint venture aims to develop localized robotic technologies and expand research and development capabilities in Hong Kong.

Chairman and CEO Damian Chan said, “This partnership provides a compelling response to the question, ‘Why not Hong Kong?’ Many local firms act mainly as sales channels, but together with Rice Robotics, we are building core proprietary technology here.”

The comment reflects the company’s intention to establish Hong Kong as a hub for intelligent robotics development.

Mint brings experience in Southeast Asia, including smart office solutions in Singapore and security robot deployments in Thailand and Malaysia.

Advertisement

Rice Robotics adds expertise in delivery robotics and a robust client base in Japan, providing a strong operational foundation for the venture.

“The partnership significantly diversifies and strengthens our robotics portfolio, allowing us to move beyond B2B into the promising B2C space—developing robots for companionship, education, and daily life, powered by our robust AI,” added Chan.

This demonstrates the companies’ aim to combine AI and robotics across both enterprise and consumer markets.

Market Reaction and Strategic Vision

MIMI shares climbed nearly 97% in after-hours trading, more than doubling from the previous close. Investors reacted positively to the announcement, signaling confidence in Mint’s expansion into physical AI.

Victor Lee, Founder of Rice Robotics, commented, “Mint’s rapid expansion in AI and robotics across Southeast Asia makes it an ideal partner. Its dedicated commercial teams and AI platform will dramatically accelerate our joint R&D and market expansion.” His statement emphasizes the operational synergy between the two companies.

Advertisement

Lee also noted, “We share a bold vision to build the most anticipated robotics company in Hong Kong and drive meaningful diversification in the region’s tech ecosystem.” This highlights the joint venture’s ambition to strengthen Hong Kong’s robotics presence regionally.

The collaboration targets “Physical AI”—autonomous systems capable of reasoning, planning, and acting in real-world environments.

By integrating Mint’s AI platform with Rice Robotics’ proven hardware, the joint venture plans to deliver intuitive and practical robotic solutions. The MOU remains non-binding pending the execution of formal agreements.

Advertisement

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto World

Sui Blockchain Secures Institutional Backing as Grayscale Files ETF with Coinbase Custody

Published

on

21Shares Introduces JitoSOL ETP to Offer Staking Rewards via Solana

TLDR:

  • Grayscale’s S-1 amendment for Sui ETF with Coinbase custody brings institutional capital access channels. 
  • zkLogin technology eliminates seed phrases by enabling Google, Face ID, and phone authentication methods. 
  • Object-centric architecture processes transactions simultaneously, maintaining sub-cent fees during peak usage. 
  • Move programming language prevents asset duplication and deletion, eliminating common smart contract exploits.

 

The Sui blockchain has entered a new phase of development in February 2026 as institutional finance shows increased interest in the platform.

Grayscale recently amended its S-1 filing for a Sui exchange-traded fund, naming Coinbase as custodian. This development marks a shift from retail-driven speculation toward institutional infrastructure adoption.

The move signals growing recognition of Sui’s technical capabilities and regulatory compliance standards within traditional finance circles.

Institutional Capital Opens New Access Channels

The Grayscale ETF filing represents more than a routine regulatory submission. Exchange-traded funds transform digital tokens into recognized financial instruments accessible to pension funds and retirement accounts.

Advertisement

These institutional investors can now gain exposure without managing wallets or private keys directly. Coinbase’s role as custodian addresses security and compliance requirements that traditional finance demands.

Bitcoin ETFs previously demonstrated how institutional access drives capital inflows at scale. However, Bitcoin had already matured before ETF approval.

Sui remains in earlier development stages, meaning institutional capital entering now carries greater relative impact. Fixed supply dynamics combined with increasing demand create favorable conditions for long-term growth.

The institutional validation extends beyond price speculation. Regulatory recognition attracts enterprise developers and commercial applications.

Advertisement

Projects building on blockchains with clear compliance pathways face fewer legal uncertainties. This regulatory clarity reduces friction for businesses considering blockchain integration.

Capital markets now view Sui as legitimate infrastructure rather than experimental technology. The shift reflects broader industry maturation as crypto moves from speculative trading toward functional utility.

Traditional finance involvement brings stability and resources that support long-term ecosystem development.

Technical Architecture Removes Adoption Barriers

Sui addresses two critical obstacles that have prevented mainstream adoption. The platform eliminates seed phrase requirements through zkLogin technology developed by partners, including Human.tech’s Wallet-as-a-Protocol and Ika.

Advertisement

Users authenticate with Google accounts, Face ID, or phone numbers while maintaining full asset control. Zero-knowledge authentication verifies identity without exposing private keys to third parties.

This onboarding simplification removes the most intimidating aspect of cryptocurrency usage. Traditional wallet setup requires writing down twelve-word phrases and understanding address systems.

Sui reduces this process to familiar login methods users already trust. The technology breakthrough makes blockchain accessible without requiring technical education.

The underlying architecture also delivers performance improvements. Sui employs an object-centric model where assets exist as independent objects rather than account balances.

Advertisement

Tokens, NFTs, and smart contracts process simultaneously instead of sequentially. This parallel execution prevents network congestion even during high-demand periods.

Transaction fees remain under one cent with finality achieved in approximately 400 milliseconds. The Mysticeti consensus upgrade further reduced latency.

Move programming language adds security advantages by treating assets as resources that cannot be copied or accidentally deleted.

This design eliminates common exploit categories, including reentrancy attacks. The combination of usability and technical performance positions Sui for practical application deployment across finance and gaming sectors.

Advertisement

Source link

Continue Reading

Crypto World

Figure Technology Data Breach Exposes Customer Personal Information

Published

on

Figure Technology Data Breach Exposes Customer Personal Information

Figure Technology, a blockchain-based lending firm, was reportedly hit by a data breach after attackers manipulated an employee in a social-engineering scheme.

The incident allowed hackers to obtain “a limited number of files,” a company spokesperson told TechCrunch. The company said it has begun notifying affected parties and is offering free credit-monitoring services to anyone who receives a breach notice.

Details about the scope of the incident, including how many users were affected or when the intrusion was detected, were not disclosed publicly. Cointelegraph reached out to Figure for comment, but had not received a response by publication

The hacking collective ShinyHunters claimed responsibility on its dark-web leak site, alleging the company declined to pay a ransom. The group published roughly 2.5 gigabytes of data said to have been taken from Figure’s systems.

Advertisement
ShinyHunters publishes stolen data. Source: Dominic Alvieri

Related: ‘Hundreds’ of EVM wallets drained in mysterious attack: ZachXBT

Leaked Figure data includes names, addresses

TechCrunch reported that it reviewed samples of the leaked material, which included customers’ full names, home addresses, dates of birth and phone numbers. This information could be used for identity fraud and phishing attempts.

As Cointelegraph reported, crypto phishing attacks linked to wallet drainers dropped sharply in 2025, with total losses falling to $83.85 million, an 83% decline from nearly $494 million in 2024, according to Web3 security firm Scam Sniffer. The number of victims also fell to about 106,000, down 68% year over year across Ethereum Virtual Machine chains.

Researchers said the drop does not mean phishing has disappeared. Losses closely tracked market activity, rising during periods of heavy onchain trading and easing when markets cooled. The third quarter of 2025, during Ethereum’s strongest rally, recorded the highest losses at $31 million, with monthly totals ranging from $2.04 million in December to $12.17 million in August.

Related: Crypto hack counts fall, but supply chain attacks reshape threat landscape

Advertisement

Figure Technology goes public

Figure Technology went public in September last year, listing on the Nasdaq Stock Exchange. The fintech firm, known for its blockchain-based lending, priced its initial public offering (IPO) at $25 per share, raising $787.5 million and achieving an initial valuation of approximately $5.3 billion to $7.6 billion.