News linked to this event type.
According to The Block, following its acquisition of FTX's Bitcoin mining company Genesis Digital Assets, SWI Group has raised €800 million (approximately $895 million) from institutional investors to expand its AI data centers and high-performance computing infrastructure in the United States and Europe. As part of its strategic transformation, the company is converting its suitable Bitcoin mining facilities for AI computing purposes, gradually exiting the cryptocurrency mining business.
Odaily News: The Smarter Web Company has announced the completion of a $13.25 million initial public offering (IPO) through MORE, the UK's first Bitcoin-backed preferred stock. MORE will begin trading on the London Stock Exchange Main Market this Wednesday, with the first weekly dividend scheduled to be paid on November 9.
According to The Wall Street Journal, Bitcoin mining company Genesis Digital Assets will transition to an AI data center. In June, SWI Group invested $500 million to acquire a large stake in the company, subsequently becoming the controlling shareholder, and announced on October 12 a funding raise of 8 billion euros (approximately $9 billion) for data center upgrades and expansion.
According to research, J.P. Morgan's report dated October 8, 2026 states that the Software Index ETF (IGV) has gained 21% since late June, infrastructure software is up 78% year-to-date, average revenue for infrastructure software beat estimates by 3.6% last quarter, and application software beat estimates by 1.4%. J.P. Morgan concludes that infrastructure software strength is driven by earnings upgrades, while application software strength comes from valuation re-rating. The bank recommends Microsoft, ServiceNow, Cloudflare, and Snowflake; expects Microsoft Copilot new seat additions to reach or exceed approximately 10 million, matching last quarter; notes ServiceNow's current remaining performance obligations exceeded expectations by roughly 200 basis points; downgrades HubSpot to Neutral with a lowered target price from $268 to $240; and raises Twilio's target price from $260 to $335.
According to The Wall Street Journal, sources familiar with the matter revealed that Amazon is in talks to acquire artificial intelligence startup Decart at a potential valuation of approximately $7 billion. Insiders noted that if negotiations proceed smoothly and no new bidders emerge, the deal could be finalized soon.
According to Forbes, Cloudflare announced the acquisition of Deno, a JavaScript/TypeScript runtime company. Deno founders Ryan Dahl (the inventor of Node.js) and co-founder Bert Belder will join Cloudflare alongside their entire team. The core asset of this acquisition is the open-source project celld—a distributed deployment tool that runs Workers and Durable Objects from a single Rust binary, enabling enterprises to deploy Cloudflare's serverless programming model on their own infrastructure and fundamentally resolving the long-criticized "lock-in" issue of the Workers platform. Cloudflare plans to merge celld into the open-source runtime workerd to provide complete self-hosting support. Deno has previously raised a total of $26 million in funding, with financial terms remaining undisclosed. Deno Deploy will be shut down in six months, and the Deno runtime will cease development after maintaining security updates for one year. This marks Cloudflare's second acquisition of a developer tool within four months, following its purchase of VoidZero, the company behind the Vite build tool, earlier this June.
Odaily reports: Bitcoin News posted on X that publicly listed Bitcoin mining company CleanSpark disclosed its September operational data: mining output of 529 BTC, sold 702 BTC, of which 700 BTC were sold through call option exercises and 2 BTC were sold directly on the spot market; the company holds 13,530 BTC, with an average operating hashrate of 36 EH/s and contracted power capacity of 1.8 GW. CleanSpark also disclosed that 3,475 BTC in its treasury are recorded as collateral for derivatives trading or as receivables.CleanSpark has secured $2.276 billion in financing for its Sandersville data center expansion project, with the related lease agreements expected to generate approximately $6.6 billion in contract revenue. CEO Matt Schultz stated that the financing will fully fund the project through to completion. As the business expands beyond Bitcoin mining, the company will cease publishing monthly Bitcoin mining updates and switch to quarterly disclosures.
Odaily Report: Bonk Guy posted on X platform stating that he is long-term bullish on USELESS becoming the next-generation representative Meme coin similar to DOGE and PEPE, mainly based on the token's trading data performance. USELESS's trading volume on Coinbase has surpassed DOGE, its trading volume on European exchange Bitvavo is close to 3 times that of DOGE, and its trading volume on Kraken is also approaching DOGE.Meanwhile, Bonk Guy stated that apart from USELESS and DOGE, no other Meme coins appear among the top 50 crypto assets by trading volume on the aforementioned three exchanges. USELESS currently has a market cap of approximately $186 million, while DOGE has a market cap of approximately $13.4 billion, a difference of about 72x between the two. Bonk Guy believes that USELESS continues to demonstrate trading activity and liquidity approaching DOGE on multiple mainstream trading platforms, but there remains a significant valuation gap.
The tokenized commodity market capitalization has reached $5.55 billion, shifting from gold dominance to diversified applications such as lending and energy. Institutions such as Paxos and EnSub are exploring metal lending and crude oil tokenization, respectively, with the aim of establishing a broader financing network for real-world assets.
According to Reuters, sources familiar with the matter reported that chip startup Nuvacore, backed by Sequoia Capital, is seeking to raise several hundred million dollars in funding at a valuation of approximately $2.5 billion. Founded just six months ago, the company has already completed a seed round led by Sequoia Capital and has yet to launch any products. It plans to develop a new type of central processing unit (CPU) tailored for data centers. As the demand for computing power from AI applications continues to grow, the data center CPU market has attracted significant investor interest. These CPUs are designed to coordinate tasks across AI chips and run autonomous AI software agents, optimizing performance for common computing workloads associated with data center and AI infrastructure.
Odaily News: Robinhood ecosystem AI project orbio has announced the completion of a $1.2 million seed funding round, with investors not yet disclosed. The project's main business is building systems that allow agents to self-configure computing resources, hardware, and high-performance private infrastructure, as well as creating an AI model credit trading marketplace that offers discounted credit trading for over 400 AI models, including Claude Fable and GPT Astra. Public information shows that orbio was launched on the Pons platform, with Nvidia stock tokens as its base pool. As of press time, the ORBIO token has a market cap of $53.42 million, with a 24-hour gain of 26%. The relevant token has relatively low trading volume and significant price volatility, so investment requires caution.
Odaily News: Bitcoin life insurance company Meanwhile has announced the completion of a $37.5 million funding round led by Bain Capital Crypto, with participation from Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital, among others. The company's cumulative funding has now exceeded $180 million.Meanwhile is headquartered in Bermuda and is licensed to conduct insurance business entirely in Bitcoin. The company stated that an unstable macroeconomic environment has driven increased demand for Bitcoin life insurance policies in markets across Asia, Europe, and the Middle East.In early 2026, Meanwhile launched BTC Life 1-Pay, a single-premium whole life insurance product, for high-net-worth clients outside the United States, following the earlier launch of BTC 10-Pay for U.S. taxpayers. Policies can be held by individuals, trusts, or corporations for inheritance and estate planning purposes. (Cointelegraph)
According to Cointelegraph, Bermuda-headquartered Bitcoin life insurance provider Meanwhile has announced $37.5 million in new funding, bringing its total capital raised past $180 million. The round was led by Bain Capital Crypto, which will enable the company to expand into overseas markets such as Asia and Europe.
According to Chaoxiang Research, a Morgan Stanley research report dated October 7, 2026, indicates that Oracle's 10-year USD bond yield has reached 7.5%, while its 5-year credit default swap (CDS) has risen from 57 basis points to 260 basis points. The Wall Street Journal reported that Oracle may be purchasing chips through a third-party entity and leasing them back, though the scale remains undisclosed and the loan-to-cost ratio exceeds 50%. Morgan Stanley considers this structure highly consistent with its long-term hypothesized framework for a chip-leasing SPV, under which the credit exposure is booked as debt on the balance sheet and incorporated into the parent company's adjusted leverage assessment. Morgan Stanley judges that the bond market's reaction is primarily driven by investors' capacity to absorb the broader chip financing wave, with Oracle's individual transaction playing a secondary role. From a trading perspective, the firm recommends buying Oracle's 5-year CDS and selling the 2035 and 2055 maturing bonds, positioning for a deterioration in Oracle's credit profile.
Ostium has released an update on the design of its Phase II Loss Compensation Plan for Liquidity Providers (OLP). Designed for users with losses exceeding 1,000 USDC who did not select the Convenience Allocation, the plan offers two compensation mechanisms: Default Option A (USDC Installment Repayment): Funding sources include funds already recovered and those to be recovered in the future (distributed proportionally after deducting the Phase I portion), specific revenue shares from the Ostium protocol and Gateway income (initially set at 50% of Ostium's opening position fees), and potential partner incentives or revenue sharing. 2. Optional Option B (Ostium Labs Equity Conversion): Eligible users complying with securities regulations may, in the next priced funding round, convert a portion of their outstanding losses into Ostium Labs equity based on that round's valuation. The share class will align with that of the team, and a fully diluted cap is established for the total ownership percentage of participating users.
Odaily News: AI startup TypeSafe AI has completed an approximately $870 million funding round led by venture capital firm Andreessen Horowitz (a16z), bringing the company's valuation to $7.5 billion.TypeSafe AI's AI model Jev quickly gained traction within weeks of its release. Co-founder Diogo Almeida said that after the launch video went viral, the company attracted significant attention from corporate executives, developers, and investors. Jev is currently used by approximately one-third of Fortune 500 companies and surpassed 1 million users within days. (Bloomberg)
Odaily News: Network School has announced the completion of a new funding round led by Polychain Capital, with participation from Andreessen Horowitz (a16z), Coinbase, Balaji, and others. The specific amount of the funding was not disclosed, and the project is valued at $2 billion. Olaf Carlson-Wee, founder and CEO of Polychain Capital, announced the above information at the Network State conference.
According to TechFlow Research, a Bernstein report dated October 7, 2026 noted that following Bloomberg's report on Seagate and Toshiba vying for TDK's head business, Seagate fell 9% and Western Digital dropped 7%. Bernstein estimates that TDK holds a 15% to 20% market share in the global hard disk drive head market. If Toshiba absorbs 70% to 90% of TDK's production capacity alone, the remaining output would only cover 1% to 7% of the combined head demand from Seagate and Western Digital. Bernstein maintains an Outperform rating on both Seagate and Western Digital, with target prices of $1,350 and $770, respectively. Bernstein believes that three market concerns regarding the TDK transaction are overstated, citing regulatory, financing, and supply obstacles that could impede the deal's execution. The vast majority of hard drive heads used by Seagate and Western Digital are manufactured in-house, limiting their reliance on TDK. Bernstein recommends buying on weakness, with Seagate as the preferred choice.
Ansem (@blknoiz06) tweeted that as AI continues to expand, the value of culture and collective belief will become increasingly prominent. He believes that if quantum risk poses a substantial threat to Bitcoin, Zcash could see a higher valuation driven by its privacy and store-of-value narrative; he also agrees with Murad’s broader take on memecoins—in a world where AI commoditizes intelligence, cultural assets that people truly believe in may command a massive premium, despite the extremely low likelihood of pure memecoins flipping Bitcoin.
Odaily report: The Securities and Exchange Commission (SEC) of Thailand has completed the drafting of relevant rules to allow cryptocurrency exchange-traded funds (ETFs) to be listed and traded on the Stock Exchange of Thailand, initially limited to Bitcoin and Ethereum. The rules will take effect on October 16, 2026.Initially, products such as depositary receipts linked to overseas cryptocurrency ETFs will not be permitted, and Thai brokerages will still not be allowed to assist retail investors in investing in overseas cryptocurrency ETFs. Institutional investors and ultra-high-net-worth individuals are not subject to this restriction. Mutual funds and private funds may invest in cryptocurrency ETFs established in Thailand.The relevant ETFs must adopt a passive investment approach, tracking the prices of the underlying crypto assets, and must maintain an average net exposure to any single cryptocurrency of at least 80% of net asset value during each fiscal year. Brokerages may not provide margin financing, and fund assets must be custodied by digital asset custodians regulated by the SEC. (Cointelegraph)