News linked to this event type.
According to The Wall Street Journal, Broadcom is developing custom AI chips for OpenAI and seeking over $50 billion in financing for the project.
Odaily reports: Bitcoin News posted on the X platform that the International Monetary Fund has completed the second and third reviews of El Salvador's $1.4 billion financing facility, disbursing $139 million, and granted a waiver after the country violated its Bitcoin holdings limit. The IMF now expects that, apart from documented donations, the Salvadoran government will not purchase additional Bitcoin and will enhance the transparency of its public Bitcoin holdings.
Odaily News: Vest Labs has announced the completion of a $13 million seed round led by Portal Ventures, with participation from executives of Citadel Securities, BlackRock, and KKR investing in their personal capacities. The company did not disclose its post-funding valuation. Vest Labs primarily provides eligible traders with the ability to trade perpetual contracts around the clock in real markets using the company's capital, with traders allowed to keep up to 80% of profits. The funding will be used to develop a mobile app, expand the current 22-person team, and increase the variety of assets available for round-the-clock trading. As of late September, approximately 26% of the platform's roughly 27,000 traders had received cash payouts, with monthly active traders and trading volume both growing over 300% month-over-month.
Noah has announced the completion of a $38 million seed funding round, with participation from Endeit Capital, FJ Labs, LocalGlobe, Felix Capital, and several angel investors. The project's main business is providing stablecoin-based cross-border payment services for enterprises and individuals. The new funds will be used to expand its international remittance business, broaden its regulatory footprint, and more.
According to OKX's official announcement, OKX will list the Pre-IPO OURAUSD X contract.The Pre-IPO X contract is a USD-settled futures contract whose underlying reference asset is a company that has not yet completed its IPO, allowing users to trade changes in its valuation.
Odaily News: Coinbase plans to relaunch Coinbase Pro by the end of this year, supporting spot, futures, perpetual contracts, options, and equities trading, and has completed its integration with Deribit to create the Coinbase Global exchange. Within the coming weeks, eligible traders outside the United States will gain access to options trading, with options trading expected to go live; U.S. retail traders are expected to gain access later this year. U.S. institutional clients can trade Deribit options and perpetual futures through Coinbase Prime, and use custody, financing, and staking services on the same platform.
former federal prosecutor Renato Mariotti pointed out that the SEC's crypto asset FAQ, published on September 25 and updated on September 28, is merely non-binding staff guidance that can serve as a reference but is not a "protective charm." The FAQ, issued by the SEC's Division of Corporation Finance, addresses topics including staking receipt tokens, decentralized network buyback programs, and how marketing communications fit into the Howey test, but it does not name any specific assets or protocols and only provides principle-based statements. Mariotti stated that the FAQ only reflects the views of SEC staff, has not been formally approved by the Commission, and carries no legal force; since the rule proposed on August 18 has not yet been finalized and the Clarity Act is stalled in Congress, industry participants still need to rely on staff commentary to make their own judgments regarding disclosure and token design.
Luca Netz posted on X that Abstract is gradually shutting down, and its parent company Igloo Inc. will shift all of its focus to Pudgy Penguins, Pudgy NFTs, and PENGU. Igloo has continued to provide funding support for Abstract over the past 18 months. Over its two years of operation, the project has accumulated losses in the tens of millions of dollars and has still not found product-market fit (PMF).He said that Abstract had previously processed over 300 million onchain transactions, launched Portal and AGW, and attracted multiple global brands to join, but issues such as an insufficient DeFi ecosystem, limited liquidity, low institutional participation, high costs, and declining demand for related products continued to constrain growth. In the end, Igloo Inc. could no longer continue diverting funds from the Pudgy Penguins business to support Abstract, and it did not choose to raise funds through token issuance or an ICO.
Navra has announced the completion of an oversubscribed $19 million Series A funding round, led by Ribbit Capital, with participation from Baseline, DCM, and others. Jump Crypto and Figure Technology Solutions are strategic investors. Navra primarily provides access to multiple blockchain venues through a single interface, with direct connections to DeFi yield protocols and cash ramps. It offers keyless self-custody services that meet qualified custody requirements, with built-in AI agents; the institutional version also supports enterprise team management and full audit trails.
SpaceX plans to raise $40 billion through Apollo-led financing, with funds specifically allocated for purchasing Nvidia chips to advance the construction of its AI compute infrastructure.
Odaily News — Crypto collateral protocol Anvil has announced the completion of a $5 million governance token purchase, led by venture capital firm Founders Fund, with participation from Pantera Capital, Theta Blockchain Ventures, Bullish, and Protoscale Capital.Anvil has launched a software development kit to help enterprises and financial institutions integrate its digital asset collateral technology without writing blockchain code. The protocol uses collateral to secure financial commitments, without requiring collateral providers to borrow or pay interest. (CoinDesk)
Founders Fund led a $5 million governance token purchase for the Anvl Protocol, with participation from Pantera Capital and other institutions. The funding comes from Anvl's existing treasury, not from newly issued tokens.
Antseed Foundation has announced the completion of a $2.4 million token round, led by Spark Capital, with participation from Collider, DCG, North Island Ventures, Reciprocal Ventures, Relay Capital, and Venice.ai. Antseed's primary business is building a peer-to-peer AI inference network that enables model and agent service providers to offer services directly to users, with matching and settlement completed through local routing, reputation mechanisms, and on-chain payments.
According to The Block, Ripple announced an expansion of its partnership with global hedge fund Brevan Howard, which will adopt Ripple Prime’s multi-asset prime brokerage, clearing, and financing services to further expand its utilization of Ripple’s institutional-grade financial infrastructure and digital asset products. Managing approximately $35 billion in assets, Brevan Howard’s Group Chief Operating Officer Alan McGroarty stated that as digital assets increasingly integrate with traditional financial markets, institutional demand for digital asset infrastructure continues to grow, and Ripple’s platform is expected to enhance operational efficiency and capital utilization for investment teams. This partnership builds on an existing investment relationship between the two parties. Brevan Howard had previously invested in Ripple and participated in its $500 million strategic funding round last year. Ripple Prime is an institutional-grade prime brokerage platform launched by Ripple following its $1.25 billion acquisition of Hidden Road in 2025.
Odaily News: OKX Star posted that it is a great honor to have Circle, Ripple, QRT, and SC Ventures become investors in OKX. OKX did not raise funds because it lacked capital, but rather chose to bring in strategic partners who share a common long-term vision, working together on stablecoins, payments, institutional markets, and the development of next-generation financial infrastructure. Thirteen years have passed, and we are still in the early stages, with many more goals to achieve in the future.
OKX founder and CEO Star Xu confirmed via a post on X that Circle, Ripple, and Standard Chartered Bank's investment arm SC Ventures have become investors in OKX. Star Xu stated that OKX did not introduce these investors out of funding needs, but rather to collaborate with strategic partners who share its long-term vision to advance stablecoins, payments, institutional markets, and next-generation financial infrastructure. Previously, Bloomberg reported that OKX’s valuation in this financing round reached $25 billion. The company has yet to disclose the exact funding amount.
Odaily News: According to Bloomberg, cryptocurrency exchange OKX has completed a funding round at a $25 billion valuation, with Standard Chartered and Circle participating in this funding round.
According to FinanceWire, Finland-based AI M&A analysis platform Comparables.ai has announced the completion of a $6 million seed round, led by Pragmatech and Araya Ventures, with participation from Purple Ventures, Gorilla Capital, hi5 Ventures, Somersault Ventures, and other investors.
According to Tech Funding News, US AI fintech company Valon has closed a $150 million Series D funding round, reaching a post-money valuation of $2.3 billion, doubling its valuation from the previous round. The round was backed by existing investors including Andreessen Horowitz (a16z), with Ribbit Capital participating as a new investor.
According to The Block, tokenized money market fund issuer Spiko announced the completion of a $90 million Series B funding round led by venture capital firm NEA. Following this round, Spiko’s cumulative funding has reached $120 million. Currently, Spiko’s assets under management (AUM) stand at $2.7 billion, with operations spanning more than 25 jurisdictions. The company plans to use the proceeds from this round to launch new fund products, expand into additional markets, and scale its team.