News linked to this event type.
Odaily News: AI security platform Hadrian has announced the completion of a $40 million funding round, co-led by Forgepoint Capital International and SmartFin, with participation from existing investors including HV Capital, Motive Partners, Picus Capital, and Oetker Ventures.Following this funding round, Hadrian's cumulative funding has reached $65 million. The funds will be used to expand into European and American markets, grow its engineering and research teams, and further develop its AI-driven cybersecurity platform.Hadrian states that with the rapid advancement of AI technology, cyberattack methods are evolving — attackers are beginning to use AI agents to automate attack processes, while many enterprise security teams still rely on manual penetration testing. The company cites data showing that 87% of organizations still use manual penetration testing, and more than 70% of security teams struggle to determine whether vulnerabilities are truly exploitable.Hadrian combines Continuous Exposure Management with AI agent penetration testing to simulate an attacker's perspective for enterprises, helping them discover external attack surfaces, verify real risks, and optimize remediation priorities. (businesswire)
Binance has announced that it will launch USDT-margined perpetual contracts for four traditional financial asset underlyings today, corresponding to StablecoinX (Nasdaq: USDE), Viking Therapeutics (Nasdaq: VKTX), McDonald's (NYSE: MCD), and Akamai Technologies (Nasdaq: AKAM). USDEXUSDT, VKTXUSDT, MCDUSDT, and AKAMUSDT will open for trading at 17:00, 17:05, 17:10, and 17:15 Beijing Time, respectively. All contracts will support up to 20x leverage and 24/7 trading, with funding rates settling every 8 hours.
Odaily News: Nonprofit financial reform advocacy group Better Markets stated that the Commodity Futures Trading Commission (CFTC)'s plan to bring certain cryptocurrency trading and exchanges under its regulatory purview could give retail investors weaker protections than those under the Securities and Exchange Commission (SEC). The CFTC has solicited public comments on a framework for margin, leverage, or financing in retail crypto trading.Benjamin Schiffrin, Director of Securities Policy at Better Markets, noted that the CFTC lacks an investor protection mandate, and its statutory authority was originally designed to address fraud in leveraged precious metals trading, which does not justify making it the primary regulator of retail crypto trading. He also said the proposed framework could allow the kind of interrelated market participants that were seen as contributing to FTX's collapse.After the CLARITY Act stalled in Congress, the CFTC and SEC have continued to advance crypto policy under existing law. The CFTC plans to establish a new federal category to bring qualifying crypto trading platforms directly under regulation; the SEC, meanwhile, has proposed relaxing certain investment adviser custody rules, allowing limited tokenized trading of U.S. equities, and issuing new guidance on how securities laws apply to crypto assets. (Cointelegraph)
Odaily News: DeepSeek is nearing the completion of a new funding round, with the scale expected to reach at least 80 billion yuan (approximately $12 billion), significantly exceeding the company's previous fundraising target of about 50 billion yuan. Sources familiar with the matter revealed that Tencent Holdings and CATL have committed to contributing larger amounts in this funding round, and the related financing transaction is expected to be completed soon. Due to a significant increase in market demand and investment interest following the release of DeepSeek's latest AI model, this funding round has exceeded expectations, with the final amount potentially approaching 100 billion yuan.Previously, DeepSeek sought to raise approximately 50 billion yuan, but investor interest in its AI technological progress drove the funding scale to expand further. DeepSeek had already attracted attention from institutions including Tencent and CATL, and has been using financing to expand computing infrastructure, AI model research and development, and team building. Bloomberg LíneaAccording to reports, DeepSeek plans to conduct an initial public offering (IPO) in early 2027, and this large-scale fundraising will provide financial support for its pre-listing development. DeepSeek has gained global attention with its low-cost, high-performance AI models, and is currently increasing investment in next-generation AI technology and computing resources. (Bloomberg)
According to GlobalNewswire, DeFi Development (DFDV), a Nasdaq-listed Solana treasury company, disclosed that it added approximately 26,203 SOL to its holdings last week, bringing its total position to roughly 2.5642 million SOL, valued at approximately $302 million. DFDV also revealed that its SOL and equivalent asset holdings have grown by approximately 11% since reporting its second-quarter results on August 12. Additionally, it completed the initial dividend distribution for its CHAD Variable Rate Preferred Shares on October 1. This instrument is designed to generate returns through SOL staking and validator node operations to fund dividend payments and act as a financing mechanism for further SOL accumulation.
Strive CEO Matt Cole announced on X that Strive purchased 2,000 BTC last week for $169 million, at an average cost of $84,422 per coin, bringing total holdings to 29,462 BTC. 61.5% of the financing came from SATA, with warrants generating $56.7 million. The 8-K filing submitted today also disclosed key metrics and KPIs as of the third quarter of 2026.
Strive CEO Matt Cole disclosed that Strive acquired 2,000 BTC at an average price of $84,422 per coin, bringing total spending to approximately $169 million and raising the company's total Bitcoin holdings to 29,462 BTC. In this financing round, 61.5% of the funds came from SATA, while warrants generated an additional $56.7 million in proceeds.
According to TechInAsia, Singapore-based fintech IPID announced the completion of a $16 million Series A financing round led by Foundation Capital, with participation from Citigroup, HSBC, and existing investors QED Investors, Monk's Hill Ventures, and Quona Capital. The new capital will be used to optimize its global payment intelligence network and expand and build out U.S. payment rails, stablecoins, and digital asset markets.
According to Reuters, Revolut has become Europe's most valuable startup, with a current private market valuation of $115 billion, surpassing UK-based Barclays and France's Société Générale. In 2025, it recorded a pre-tax profit of £1.7 billion (around $2.2 billion), reflecting rapid year-on-year growth. The company currently serves 80 million customers and is actively expanding into markets such as Mexico and Australia while continuously securing new licenses. However, Revolut continues to face several challenges: revenue per customer remains well below that of traditional banks, and its lending portfolio is comparatively small (with a loan-to-deposit ratio of just 6%, far below HSBC's 55%); it faces stiff competition in the United States; moreover, it was previously penalized by Lithuanian authorities for anti-money laundering violations and recently suffered a customer data breach. Analysts emphasize that boosting primary account usage and scaling its lending business will be the central focus for Revolut's next phase.
Jackyi, founder of Liquid Capital, pointed out in a post that the crypto primary market is accelerating into a downturn, driven by four core reasons: first, market narratives are collapsing, leaving whitepapers and institutional endorsements unable to secure investor backing; second, project supply is severely imbalanced, making it extremely difficult for high-quality projects to break through; third, the "1+3" token unlock mechanism specifically harms VCs, enabling project teams, market makers, and exchanges to profit and exit first; fourth, listing fees at top-tier exchanges reach tens of millions of dollars, inflating project valuation bubbles. He called on industry leaders to improve their listing screening mechanisms, abolish the "1+3" unlock clauses, and push projects back toward real revenue generation and buyback mechanisms, thereby attracting long-term participation from secondary market investors.
HyperLink announced on X that it has completed a $2.5 million funding round, with investors including Alliance, North Island Ventures, Reverie, Node Capital, Breed, and smartestmoney.hl. HyperLink stated that the protocol's routed trading volume reached $254 million last month, accounting for 0.1% of Hyperliquid's trading volume, with the next phase targeting 10% of trading volume.
Odaily reports: The International Monetary Fund (IMF) has completed the second and third reviews of El Salvador's 40-month Extended Fund Facility, approving an immediate disbursement of approximately $138 million under the $1.4 billion financing program. Despite some performance criteria not being met, the IMF granted waivers based on corrective measures and recommitments.The IMF stated that El Salvador will continue to reduce state involvement in Bitcoin-related activities, strengthen crypto asset regulation, governance, and transparency of public sector crypto asset holdings, and will not accumulate additional Bitcoin beyond already recorded donations. The majority stake and operational control of the government's Chivo Bitcoin wallet have been transferred to a private operator. (Cointelegraph)
According to Reference News citing Nikkei, the Japanese government has decided at a Cabinet meeting to impose additional sanctions on Russia. The government will in principle prohibit the provision of operational, maintenance, insurance, and financing services to 35 vessels in Russia’s “shadow fleet” that are secretly transporting crude oil to evade Western sanctions. In addition to measures targeting the shadow fleet, the Japanese government will also add 33 Russian military-related entities and nine individuals to its asset freeze list, including groups involved in using crypto assets (virtual currencies) to evade financial sanctions.
Ansem believes pump.fun is gradually becoming L1-like underlying infrastructure, allowing other token launch platforms to build on top of it, and PUMP may eventually command a valuation logic similar to that of an L1.
Odaily reports: Ansem posted on X that the market has not yet fully priced in pump.fun's emergence as L1-like foundational infrastructure, on which other token issuance platforms could build directly in the future; for every ~$500 million in revenue the platform generates, token creators can receive ~$500 million in creator fees after tokens complete the bonding curve phase.He believes that with the launch of features such as custom trading pairs and Callout Rewards, PUMP may gradually be valued under L1-like logic, and he is bullish on pump.fun developing into a super app in this cycle.
OpenPayd announced plans to list on NASDAQ by the end of 2026 through a SPAC merger, aiming to raise capital to support its expansion into the U.S. market and subsequent acquisitions.
According to Bloomberg, Goldman Sachs earned hundreds of millions of dollars in incentive fees by helping clients make early investments in SpaceX ahead of its listing this June at a $1.77 trillion valuation. Insiders revealed that more than five years ago, Goldman Sachs had already assisted select high-net-worth clients in investing in SpaceX, when the company's valuation was only tens of billions of dollars. Following SpaceX's listing, Goldman Sachs clients who sold their shares realized massive gains, while simultaneously generating hundreds of millions of dollars in incentive fees for Goldman Sachs.
Odaily News: U.S. digital asset bank Anchorage Digital has reportedly laid off approximately 17% of its workforce. The company was valued at $4.2 billion earlier this year; if its global headcount remains at around 400 as it was in February, this round of layoffs would affect roughly 68 positions. CEO Nathan McCauley informed employees of the layoff arrangements this week.In recent years, Anchorage Digital has expanded its regulated crypto business and entered stablecoin issuance, including participating in Tether's newly launched USD stablecoin USAT. The company also received a $100 million strategic investment from Tether earlier this year. (Cointelegraph)
Anchorage Digital has reportedly cut 17% of its workforce, affecting approximately 68 positions, primarily due to the downturn in the cryptocurrency market. Despite these downward pressures, the company secured a $100 million strategic investment from Tether.
Odaily News: Bloomberg ETF analyst Eric Balchunas stated that based on market valuations disclosed by mutual funds holding Anthropic, Anthropic's valuation has grown 22x since June 2024, roughly 10 times the increase of the Nasdaq 100 Index and Nvidia. Fidelity has the largest exposure to Anthropic, followed by CapGrp and BLK; due to the relatively low weighting of these holdings, mutual funds have only benefited marginally from Anthropic's valuation growth.