AI patent startup Stilta has announced the completion of a $10.5 million seed funding round, led by Andreessen Horowitz. According to ChainCatcher, the round also saw participation from Y Combinator and individual investors from companies such as OpenAI, Legora, Sana, Lovable, and Listen Labs. The newly acquired funds will primarily be used to hire engineers, patent experts, and a marketing team. Stilta plans to expand its team to approximately 10 members within the next three to six months and aims to establish an office in New York by the end of this year or early 2027. Stilta specializes in AI Agent-driven patent management software, focusing on scenarios such as patent infringement identification, patent licensing opportunity discovery, and patent litigation defense. The platform analyzes billions of patents, research papers, and historical web data to assist enterprises and law firms in managing patent assets. Founded this year by former McKinsey members Oskar Block, Petrus Werner, Tobias Estreen, and Oscar Adamsson, Stilta was selected for Y Combinator's 2026 winter incubation program. Currently, about two-thirds of its clients are enterprises, with the remainder being law firms. Stilta is developing hundreds of AI Agents for tasks such as infringement analysis and patent invalidation analysis, with customizations for specialized fields like pharmaceuticals. In recent years, Andreessen Horowitz and Y Combinator have increased their investments in the legal tech sector, with a16z previously investing in AI legal assistant Harvey and YC recently backing legal AI companies like Legora, PointOne, and Parlai.

The KOSPI index in South Korea has dropped to 7100 points, marking a 2.37% decline. According to Odaily, this movement was observed in the latest trading session.

A whale associated with a16z has created a new wallet and purchased 206,325 HYPE tokens valued at $9.95 million in the past 10 hours. According to Odaily, the tokens have already been staked. Since April 14, the whale has accumulated a total of 2.34 million HYPE tokens, amounting to $102 million.

Oil prices experienced a slight decline as traders evaluated the ongoing developments in the Middle East. Wall Street Journal (Markets) posted on X that the market is closely monitoring the situation, which has introduced a degree of uncertainty affecting oil supply expectations. The geopolitical tensions in the region have historically impacted oil prices, and traders are now assessing the potential implications for global supply chains. Despite the current dip, analysts suggest that the market remains volatile, with prices subject to change based on further developments. Market participants are also considering other factors influencing oil prices, including global demand forecasts and production levels from major oil-producing countries. The situation remains fluid, and traders are advised to stay informed about any new developments that could affect the market dynamics.

Indonesia is on the brink of its first interest-rate hike in two years as the rupiah's recent decline to record lows increases pressure on the central bank to take action. Bloomberg posted on X, highlighting the growing concerns over the currency's depreciation, which has prompted calls for a more robust defense strategy. The central bank's decision will be closely watched as it navigates the challenges posed by the weakening rupiah and its impact on the economy. The potential rate hike aims to stabilize the currency and address inflationary pressures, reflecting the broader economic dynamics at play in the region.

XRP spot ETF experienced a net inflow of $1.4765 million on May 19, according to SoSoValue data. According to Odaily, the Franklin XRP ETF (XRPZ) was the sole contributor to this inflow, bringing its historical total net inflow to $381 million. As of the latest update, the total net asset value of the XRP spot ETF stands at $1.125 billion, with an XRP net asset ratio of 1.34%. The cumulative historical net inflow has reached $1.388 billion.

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