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Odaily News: Fortitude, a mining firm focused on Zcash mining, has appointed former Hut 8 CEO Jaime Leverton as CEO and plans to list on Nasdaq through a merger with HeartSciences. Andrea Childs will serve as COO.In the first half of 2026, Fortitude produced approximately 28% of the total ZEC output during the same period, with second-quarter revenue of $20.9 million. The implied valuation of the proposed combined company may be at least $400 million. (CoinDesk)
Odaily News: Nasdaq-listed Bitcoin mining company and data center developer CleanSpark has announced that its wholly-owned subsidiary, CSDC Finance I, plans to raise $2.227 billion through a private placement of senior secured notes due 2031. The proceeds will primarily be used to complete the construction of its Sandersville data center in Texas, reimburse the company for a portion of the equity funds previously invested in the facility, and establish a debt service reserve. However, the offering remains subject to market and other conditions, and there is no guarantee that it will be completed or what the final terms will be.
AI compute infrastructure startup Crusoe has completed a $3.9 billion Series F funding round, with a post-investment valuation of approximately $30.9 billion. The round was co-led by Atreides Management, Valor Equity Partners, and Mubadala Investment Company, with participation from Founders Fund, TPG, and the Qatar Investment Authority (QIA), among others.Founded in 2018, Crusoe initially provided services to cryptocurrency miners before pivoting to AI compute infrastructure. The company previously spent two years building a large-scale AI data center in Abilene, Texas, to provide compute power for OpenAI and Microsoft. The company is now shifting toward producing a compact data center called "Spark," which involves loading prefabricated facilities onto trucks and deploying them to locations with idle power capacity to more quickly meet AI inference compute demand. (WSJ)
According to Bloomberg, the newly established European tech fund Scaleup Europe Fund is in talks to invest in UK AI voice startup ElevenLabs, which plans to raise more than $500 million in the current funding round. The €5 billion ($5.8 billion) fund is managed by Swedish private equity firm EQT and has invested in several European private tech companies since its inception earlier this year. Sources familiar with the matter said negotiations are still ongoing and the deal could fall through. Earlier, ElevenLabs held talks with investors regarding a secondary market sale valuing the company at approximately $22 billion, following a previous round that valued it at around $11 billion. The company uses AI to generate realistic voices for applications such as advertising, audiobooks, call centers, and sales training.
AI cloud service provider CoreWeave announced plans to privately place convertible senior notes due 2033 with an aggregate principal amount of $3 billion, granting initial purchasers an option to purchase up to an additional $500 million. The notes will mature on April 1, 2033, with specific terms including the interest rate and initial conversion ratio to be determined at pricing. CoreWeave plans to use a portion of the proceeds to pay for capped call transaction costs, with the remaining funds designated for general corporate purposes.
Odaily News — Strategy is using large-scale buybacks to push the price of its perpetual preferred stock STRC back toward its $100 par value, in a bid to restore its Bitcoin financing capacity. Between July 20 and September 13, Strategy repurchased a total of 9.96 million STRC shares for approximately $950 million, accounting for about 18% of the trading volume during the same period. Of that, roughly $765 million can be traced to sales of MSTR common stock, while another approximately $161 million came from Bitcoin reductions.STRC had previously fallen to around $70, and has recently rebounded to as high as about $99. Analysts believe that only when STRC's price approaches or climbs above its $100 par value can Strategy effectively reissue the security and use the proceeds to purchase Bitcoin. However, after Strategy pulls back and reduces its buybacks, whether STRC can continue to hold near par value remains uncertain. (Bloomberg)
According to Chaotang Research, Morgan Stanley's September 15, 2026 research report maintains an Overweight rating on SpaceX with a $300 price target against a current price of $148.15, indicating upside potential of 102.5%. Morgan Stanley breaks down the target price into four segments: $165 for AI compute, $118 for satellite broadband, $8 for rocket launches, and $8 for X and Grok. AI compute accounts for more than half of the valuation. The report raises its 2026 earnings per share forecast by 1% and its 2027 estimate by 3.8%, primarily reflecting the newly disclosed $1.1 billion NeoCloud deal.
Odaily News: Hong Kong's 2026 Policy Address proposes that the Securities and Futures Commission (SFC) refine the virtual asset licensing regime and formulate regulatory guidelines to clarify the compliance pathway for virtual asset service providers. It also aims to improve the regulatory framework for tokenized investment products, promoting the issuance, trading, and launch of innovative products for gold and other suitable real-world asset tokenized products on licensed platforms.The Hong Kong Monetary Authority (HKMA) will explore more tokenized deposit applications, collaborate with mainland China to study trade finance use cases, and complete pilot transactions by the end of this year. It plans to finalize the Ensemble central bank digital currency 24/7 operational arrangements around the end of this year. HKEX intends to partner with designated banks to launch a tokenized warehouse receipt financing pilot within 2027. Its blockchain multi-asset tokenization platform has already incorporated Core Climate-listed carbon credits and plans to include LME-approved warehouse commodity receipts as a pilot next year.
Arthur Hayes stated that amid high government debt, Federal Reserve interest rate hikes could have a stimulative effect: rising interest on bank reserves and US Treasury yields will increase income for banks and asset holders, driving consumption and the allocation of financial assets. Although the Fed ended related asset purchases in mid-August, the expansion of bank balance sheets has still driven growth in total assets across the Federal Reserve and the banking system, thereby increasing the money supply.
Aave plans to launch a Real World Assets (RWA) lending hub on Avalanche, enabling institutions to borrow stablecoins using tokenized financial assets as collateral without liquidating their existing positions. Tether's USAT will serve as the primary source of USD liquidity. Within two months of Aave V4 launching on Avalanche, total deposits have exceeded $20 million.
- According to people familiar with the matter, AI Agent startup Manus is preparing a new round of $500 million in funding, with the deal nearing completion and the company's valuation expected to double to $4 billion. This would be Manus's first funding round since splitting from Meta.If the funding is completed as planned, Manus will become the highest-valued startup in China's Agentic AI sector. Negotiations are still ongoing, and specific terms may change. The identity of new investors has not yet been disclosed. Manus's existing investors include Tencent, HSG, and ZhenFund. (Bloomberg)
Odaily reports: Arthur Hayes posted on the X platform that raising interest rates when government debt levels are high has a stimulative effect: bank reserve earnings increase, and the returns for holders of short-term Treasury bonds also increase, which overall will drive more consumption, especially consumption of financial assets.He stated that although the Federal Reserve stopped RMP purchases in mid-August, when accounting for bank balance sheet expansion, the combined assets of the Federal Reserve and banks are still growing and creating money. As the quantity of money increases, even if its price rises, financial assets will continue to appreciate.
Paradigm co-founder Matt Huang posted on the X platform outlining some views on Zcash. He stated that blockchain ecosystems generally face the challenge of long-term funding sources, especially for public goods financing, and that funding developer funds through an inflation mechanism is a viable approach. He believes that amid the backdrop of AI-enhanced cyberattack capabilities and the rapid development of quantum technology, the Zcash developer fund remains highly significant.Matt Huang also stated that as Zcash gains greater acceptance and adoption as a privacy supplement to Bitcoin, governance relying purely on coin-holder voting may introduce unpredictability and affect its ability to build long-term trust as a monetary asset. Therefore, Zcash is better suited to combining coin-holder voting with other governance approaches. Matt Huang also disclosed that Paradigm is an investor in ZEC and ZODL.In the early hours of today, ZEC briefly broke above $1,385, setting a new all-time high.
Bloomberg reported that stablecoin issuer Tether has become a major gold lender. As of the end of June, the financing Tether provided to the U.S. gold trading platform Gold.com accounted for the majority of its $1.7 billion in outstanding precious metals loans, with Gold.com’s payables and advances to Tether totaling $1.45 billion. Tether took a stake in the platform earlier this year.
Galaxy Research reports that in Q2 2026, 384 venture capital transactions were completed in the cryptocurrency and blockchain sector, raising approximately $5.68 billion. This represents sequential growth of 10% and 31%, respectively, with the increase primarily driven by later-stage funding. Exchanges, investment firms, and lending entities secured around $3.523 billion, accounting for roughly 60% of the quarter's total investment; U.S.-based companies captured 73.5% of the investment funds.
JPMorgan Chase, KeyCorp, and Bank of New York Mellon announced they will raise their prime rates from 6.75% to 7%, with the new rate taking effect on Thursday. This move will directly increase borrowing costs for consumers and businesses.
The bankruptcy estate of Celsius has sued BitMEX and related entities, alleging that they maliciously liquidated user positions by manipulating the mechanism during the March 2020 crash. The case involves claims to recover losses totaling approximately 6,360 BTC for Celsius and the JST Fund, equivalent to roughly $495 million USD.
Odaily News — The funding round was led by Blockchain Capital, with participation from Janus Henderson, Strobe Ventures, Venture Dept, Neoclassic Capital, and the Avalanche Foundation. Aave CEO Stani Kulechov, Tether co-founder Phil Potter, and Privy CEO Henri Stern also participated in the investment. Tare plans to develop loan management software on Avalanche, creating digital records for loans and automating back-office processes such as record-keeping, payment distribution, and transaction verification, in order to consolidate fragmented private credit business processes and reduce intermediary and operational costs.
According to Fortune, AI startup Arcee AI announced the completion of its Series B funding round, raising at least $150 million with a pre-money valuation of $1 billion. The round was led by Vista Equity Partners, Cambium Capital, and Emergence Capital, with participation from Microsoft M12, Hitachi, Wipro, and other investors. Founded in 2023 by Mark McQuade, an early employee at Hugging Face, Arcee AI focuses on developing open-weight models. The company trained four open-weight models, including the 400-billion-parameter model Trinity Large, for only about $20 million, achieving performance comparable to Meta’s Llama 3 and leading Chinese models. The funding will support new model R&D, product expansion, and deeper collaboration with the U.S. Department of Energy.
Odaily News: Blockchain financial platform Theo has launched a tokenized silver product called thSLVR, with $40 million in active silver lease commitments. The token distributes lease fees paid by institutional borrowers to holders while maintaining exposure to silver.The product expands Theo's commodity financing business from gold to silver and will support its stablecoin thUSD. (CoinDesk)