News linked to this event type.
Odaily reports: Artificial intelligence inference company Baseten has announced the launch of a new $2 billion funding round at a valuation of up to $30 billion, with existing investor Sands Capital expected to lead the round. Founded in 2019, Baseten primarily provides enterprises with an AI model deployment and inference platform to help businesses run various AI models. In June of this year, it completed a $1.5 billion funding round at a valuation of $13 billion at the time. Its competitor Fireworks AI completed a $1.5 billion funding round in July of this year at a valuation of $17.5 billion. It is reported that Nvidia invested $150 million in Baseten in January of this year, stepping up its active positioning in the AI inference sector. (Bloomberg)
Jin10 data shows that the central bank will conduct daily overnight reverse repos starting on November 2, with an operation rate of 1.25%. OpenAI's funding target has dropped sharply by $10 billion, lowering its valuation to $1.25 trillion. Logan and Musalem's remarks on potential rate hikes triggered significant volatility in spot gold and silver, as well as the US semiconductor sector.
The UK's Financial Times reported that OpenAI has cut its fundraising target by $10 billion amid growing tech anxiety.
OpenAI has lowered the target size of its latest funding round by $10 billion and is racing to finalize the deal. The round had already been overshadowed by a sell-off in AI-related stocks in public markets and the impending listing of its biggest rival, Anthropic. Last month, the ChatGPT developer had planned to raise $30 billion at a $1.4 trillion valuation and pitched the deal as investors' last chance to buy into OpenAI before its IPO next year. At the time, OpenAI cited rapid revenue growth since July to justify a valuation nearly double its previous $852 billion. But as tech stocks suffered a sharp sell-off and concerns mounted over the scale and pace of AI spending, OpenAI began scaling back its fundraising expectations.Multiple people familiar with the matter said OpenAI is now seeking to raise about $20 billion at a $1.25 trillion valuation. OpenAI set last Friday as the deadline for investors to commit. The sources said the first close is expected to bring in less than $20 billion, as some investors have reduced their commitments. (Financial Times)
Odaily reports: Analysts at StoneX and TD Cowen believe that Strategy's preferred stock financing structure has stabilized and liquidity has improved, creating conditions for the company to resume accumulating Bitcoin and increase its Bitcoin holdings per share. Both institutions maintain a Buy rating, with target prices of $435 and $260, respectively.As of the end of the third quarter, Strategy held $5.07 billion in U.S. dollar assets, including $4.83 billion in cash reserves, sufficient to cover approximately 3.2 to 3.4 years of preferred stock dividends and debt interest. Strategy also spent approximately $2 billion to repurchase STRC preferred shares, helping its price recover to near its $100 par value. However, because funds were prioritized for replenishing cash reserves and supporting preferred stock rather than accumulating Bitcoin, Strategy's Bitcoin holdings per share declined 3.7% during the year.Additionally, holders of STRC, STRF, STRK, and STRD preferred shares have approved daily accrual of dividends: STRC effective November 1, and the other three classes effective January 1 of next year. Management stated that the move is intended to reduce volatility, improve liquidity, and expand demand. TD Cowen believes that broader distribution channels and better liquidity could ultimately enhance Strategy's efficiency in issuing "digital credit" products.
According to a PR Newswire report, AI security startup AvalonX ended its 18-month stealth operation on October 30 and announced a $10 million funding round from Ridown Capital. The company also launched a continuous AI penetration testing platform, featuring a security AI trained on nine years of real-world offensive security data and integrated with manual expert analysis. AvalonX stated that the platform delivers continuous penetration testing to small and medium-sized enterprises via a monthly subscription model.
Odaily reports: According to Bitfinex analysis, Strategy shareholders voted on October 28 to approve a proposal for daily dividend payments on STRC preferred stock, with preliminary results showing 99.3% of votes in favor. STRC is expected to shift from semi-monthly dividend payments to daily dividend payments starting November 1, with the first cash dividend payment arriving on November 2; Strategy's other three preferred stocks, STRF, STRK, and STRD, are expected to follow suit in January 2027.Strategy's move aims to reduce price volatility around ex-dividend dates. Company CEO Phong Le stated that previously, when STRC paid dividends monthly, prices fell by an average of about 49 basis points around the ex-dividend date, which dropped to about 36 basis points after switching to semi-monthly payments. The company expects that daily dividend payments will further disperse selling pressure and improve price stability.This model was not pioneered by Strategy. Bitcoin treasury company Strive converted its SATA preferred stock to daily dividend payments in June of this year and launched a subordinated preferred stock, SATS, with a fixed annual dividend rate of 15%. In October, Strive issued 7 million shares of SATS at $90 per share, raising approximately $630 million, and used about $511 million of that to purchase 6,182 BTC.
According to TNW, San Francisco-based startup Dream has emerged from stealth, announcing the closing of a $17 million seed funding round. The investors include Andreessen Horowitz (a16z), SV Angel, XYZ, and Zigg Capital. Dream was co-founded by Andy Elder and Arjun Mathur, who each spent around a decade working at Palantir. The company develops an "architectural world model," trained using over 100 million square feet of permitted U.S. building data. The model understands the spatial relationships between building components, such as the routing of HVAC ducts through walls. The company states that the precision of the drawings generated by the model is sufficient for contractors to proceed directly with construction. Early operations will focus on commercial projects, including retail stores, offices, and data centers.
According to Bitcoin.com News, the London Metal Exchange (LME) stated that it is exploring the tokenization of metal inventory held under unregistered warehouse warrants to support business financing. The exchange announced plans to issue metal-backed tokens, which may be placed in third-party custody as needed for loans and other obligations; previously, there was no standard financing mechanism for metals under unregistered warrants. The LME noted that it is currently in the early exploration phase and will consult with stakeholders as the initiative develops.
FUNDA posted on X that OpenAI reportedly gave potential investors until today to commit to a $30 billion funding round, which values the company at $1.25 trillion.
Strategy Executive Chairman Michael Saylor stated on the third-quarter earnings call that the Bitcoin treasury company does not require additional common equity financing or further bitcoin appreciation to create up to $30 billion in digital credit using its existing balance sheet. Saylor said the company could generate $10 billion, $20 billion, or even $30 billion in digital credit.
According to Sifted, robotics lab Machenta has secured $40 million in seed funding, co-led by Creandum and USV. The report noted that the company currently has no products; Creandum’s team visited its London Archway office in May with their own props to conduct stress tests on an AI model it claims can teach robots to perform tasks after just a single demonstration.
Morgan Stanley maintains a "Market Perform" rating and a $210 price target, noting that the funding and returns framework has become clearer. The key going forward will be timely capacity delivery and sustained profit margins.
Odaily Report: Bitcoin treasury company Strategy is considering issuing preferred stock to finance additional Bitcoin purchases. Executive Chairman Michael Saylor said the company can create up to $30 billion in digital credit based on its existing balance sheet, without issuing additional common stock or requiring Bitcoin's price to continue rising.CEO Phong Le said that issuing digital credit will be Strategy's primary method for acquiring more Bitcoin; if the company raises $1 billion to $2 billion through STRC in a month, part of the funds could be allocated to USD reserves, with the remainder used to purchase Bitcoin.Strategy reported third-quarter net income of $19.53 billion, primarily driven by a $20.91 billion increase in the value of digital assets. As of October 25, the company held 848,517 Bitcoin, up 26% year-to-date. The $30 billion figure represents potential financing capacity, not a publicly announced fundraising target. (Cointelegraph)
Odaily reports: According to Odaily monitoring, a certain address's contract account has accumulated profits of approximately $55.78 million. Between 07:12 and 13:32 on October 30, it closed approximately $4.01 million in BTC long positions and opened approximately $40,000 in BTC long positions; its net BTC long position decreased by approximately 51.20 BTC, valued at approximately $4.03 million.Address: 0x023a3d058020fb76cca98f01b3c48c8938a22355; Total P&L: profit of approximately $55.78 million
According to TechFlow, 37 crypto theft cases linked to Lazarus and North Korean-affiliated hackers occurred between 2017 and 2026, with a reported aggregate valuation of approximately $11.817 billion, and the latest Binance incident alone accounting for roughly $6.3 billion in total impact.
According to TechCrunch, AI app company Wabi, founded by Replika creator Eugenia Kuyda, has raised $55 million, reaching a valuation of $1.25 billion. This round was led by IVP, with participation from Andreessen Horowitz (a16z), Forerunner, Amazon Alexa Fund, and others, alongside individual investors such as Shopify CEO Tobi Lütke and Salesforce CEO Marc Benioff.
Michael Saylor posted on X that Strategy has announced its Q3 2026 results: operating income reached $21 billion, the highest for a single quarter in the company's history; year-to-date financing totaled $21 billion; STRC has returned to normal; and it holds 848,517 bitcoins, up 26% since the beginning of the year.
The US SEC sued BG Wealth and DSJ Exchange, alleging they promised risk-free high returns through cryptocurrency trading "signals," filed false registrations to falsely claim regulatory approval, and raised over $130 million from tens of thousands of retail investors.
Odaily Report: Canadian AI model startup Cohere is conducting a large-scale funding round, with a valuation of $20.5 billion, roughly tripling from a year ago. Cohere said on Thursday that it has completed the first tranche of this funding round, with total funding expected to reach up to $5 billion. The company stated that it has received investment commitments from investors including the Canadian government and NVIDIA, in addition to the $600 million investment previously disclosed by European retail giant Schwarz Group. Among them, the Canadian government has agreed to invest up to $1.14 billion in Cohere.Canadian Prime Minister Carney stated that Cohere plans to keep its headquarters in Canada and is expected to build new computing infrastructure in the country by 2030, with an investment of approximately $1.2 billion. If this funding round is successfully completed, it will become the largest private fundraising in Canadian history, far exceeding previous records. Cohere declined to disclose how much of the $5 billion funding target has been finalized, but the Chief Financial Officer said the first tranche has covered "the majority" of it. This valuation does not include the funds raised in this round. (Bloomberg)