News linked to this event type.
Bitcoin analyst Plan B stated on the X platform that the core of Bitcoin's long-term value lies in scarcity, not short-term price fluctuations.Plan B believes that many people focus on Bitcoin's price charts, while the S2F model he uses focuses on the degree of asset scarcity. This model measures scarcity through "existing supply ÷ annual new production," where the S2F for gold is approximately 60. Due to Bitcoin's fixed total supply of 21 million coins and its predictable issuance schedule, its S2F is currently around 120 and continues to rise over time.The Bitcoin halving mechanism is an important driver of the S2F model. Approximately every four years, the Bitcoin network reduces the block reward by half, decreasing new supply and roughly doubling the S2F level, making it the core supply-side event observed by the model.Plan B emphasized that the S2F and its upgraded version, the S2FX model, predict long-term average value rather than precisely forecasting market tops or bottoms. Bitcoin's price typically fluctuates around the model's estimated value, and investors should focus on multi-year cycle averages rather than single-day price highs. Additionally, Plan B believes that as scarcity increases, Bitcoin is undergoing different stages of development, including proof of concept, payment network, "digital gold"/store of value asset, and institutional-grade financial asset. Each increase in scarcity could bring new market narratives and capital inflows.However, Plan B also reiterated that "all models are wrong, but some are useful." He stated that the S2F model is merely a tool for long-term understanding of Bitcoin's scarcity, not a trading signal or a "crystal ball" for price prediction. Although the model has withstood major events such as the COVID-19 pandemic and China's mining ban, it still has limitations.
Odaily News: eToro released its Q2 2026 earnings report, showing a notable slowdown in digital asset trading activity, while the company continues to advance its on-chain financial infrastructure development.In terms of trading data, eToro's crypto asset trading volume in July was 1.4 million transactions, down 73% year-over-year; the average investment amount per crypto transaction was $182, down 50% year-over-year. Q2 crypto-related revenue was $1.346 billion, down from $1.915 billion in the same period in 2025. Despite the decline in crypto business revenue, the company's overall net profit still grew 77% year-over-year to $53.48 million.On the crypto strategy front, eToro completed the acquisitions of digital asset self-custody platform Zengo and Israeli crypto trading platform Bit2C during Q2, aiming to strengthen its self-custody service capabilities and promote the integration of traditional finance with the on-chain economy. Additionally, the company made a strategic investment in on-chain perpetual contract platform Extended and became a founding partner of the Open USD stablecoin ecosystem alliance, further intensifying its focus on on-chain trading and stablecoin infrastructure.On the balance sheet side, as of the end of Q2, eToro held $49.95 million in crypto assets, down from $62.61 million at the end of 2025. (Globenewswire)
According to River AI's announcement, River AI, founded by xAI co-founder Igor Babuschkin, has completed a $1.1 billion financing round led by General Catalyst and AMP, with strategic investment from NVIDIA and AMD. Other investors include Y Combinator and Temasek.
Odaily News: River AI, founded by xAI co-founder Igor Babuschkin, has announced a $1.1 billion funding round, led by General Catalyst and AMP PBC, with participation from Nvidia and AMD. The round also includes strategic investments from Y Combinator and Temasek.
According to Fortune, cybersecurity AI startup Corma announced the completion of a $60 million seed round, led by Sequoia Capital, with participation from Khosla Ventures and Coatue. Founded in 2025 and headquartered in Tel Aviv and San Francisco, the company has now deployed its first model to multiple Fortune 100 and 500 companies across industries such as healthcare, financial services, energy, critical infrastructure, and retail.
According to Bloomberg, Singapore data center operator DayOne has confidentially filed an initial public offering (IPO) application with the U.S. Securities and Exchange Commission (SEC), planning to list in the U.S. as early as the next quarter of this year. The company plans to raise approximately $5 billion, with a listing valuation of around $20 billion. However, relevant details are still under discussion, and the offering size and timing may change.
HTX DeepThink columnist and HTX Research analyst Chloe (@ChloeTalk1) pointed out in her analysis that the core contradiction in the current macro market has shifted from "when the Fed will cut rates" to "whether the Fed needs to raise rates again." Warsh attempted to reduce the impact of single-month data on policy, but since his policy framework has not been fully understood by the market, July and August inflation data have instead become the key variables determining September policy expectations. If core CPI remains at 0.2% or below, the market will re-trade inflation decline and policy pause; if it consecutively exceeds expectations, the Fed will face a binary choice of "raise rates or lose credibility."
Odaily News: Payment company Stripe did not sign long-term supplier contracts with third-party stablecoin APIs. Instead, after Bridge achieved $5 billion in annualized cross-border transaction volume, Stripe acquired it outright for $1.1 billion and integrated stablecoin infrastructure into its global checkout layer. Fintech platform Robinhood did not expand internationally through external trading venues. Instead, it acquired cryptocurrency exchange Bitstamp for $200 million, obtaining more than 50 global regulatory licenses and institutional liquidity. From 2012 to 2018, early B2B fintech startups paid traditional banks for proof-of-concept pilot fees. From 1996 to 2001, telecom infrastructure startups raised over $50 billion to lay dark fiber. (Bitcoin.com News)
"White-Haired Stock God" Serenity posted on X, stating that Unitree Technology's IPO has seen over 8,000x oversubscription from retail investors, reflecting an "extremely huge" market demand for pure humanoid robot companies. Serenity currently holds a bullish view on investment opportunities related to the U.S. humanoid robot company Agility Robotics, a project backed by SoftBank, NVIDIA ($NVDA), Amazon ($AMZN), Foxconn, and others, with a pre-money valuation of approximately $2.5 billion.Serenity stated that Unitree Technology's perpetual contract market valuation before its IPO already indicated relatively high expectations. If the company's market cap exceeds $30 billion after listing, it could further boost market attention on leading U.S. humanoid robot companies in the next one to two weeks. Regardless of the final outcome, the market demand demonstrated by Unitree's IPO is "truly astonishing," and the humanoid robot sector is emerging as a new hotspot for global capital attention.
Odaily News AI company Anthropic is holding pre-IPO meetings with potential investors to boost market confidence in its listing plans.According to reports, Anthropic is currently valued at approximately $965 billion. If successfully listed, it could become one of the largest IPOs in history. The company has recently faced multiple challenges, including intensifying competition from low-cost AI systems, strained relations with the Trump administration, and opposition to data center construction in various parts of the United States.Sources say investors have asked Anthropic executives during the meetings about the potential impact of these factors on the company's growth. Anthropic's management, however, downplayed the impact of competition from low-cost AI systems, stating that the company will continue to focus on developing frontier AI models.It is understood that Anthropic plans to go public in September or early October, though specific offering prices and timelines have not yet been announced. Additionally, during the pre-IPO meetings, the company revealed to some investors that it will further expand into AI applications in healthcare and biology in the future. (The Wall Street Journal)
According to Yonhap News, Naver D2SF announced the completion of a follow-on investment in physical AI data startup NdotLight (엔닷라이트). This round of financing was led by the Korea Development Bank, with a total size of 15 billion Korean won. This is also Naver D2SF's third investment in the company following the Pre-A round in 2021 and the Series A round in 2022. NdotLight independently developed the 3D data generation solution TRINIX, which can automatically generate high-precision 3D data containing physical properties (mass, friction), joint structures, and collision range information, and is deeply integrated with NVIDIA's simulation platform Omniverse, achieving mass supply of large-scale high-quality 3D simulation datasets.
According to Bloomberg, the U.S. Securities and Exchange Commission (SEC) recently issued an internal letter explicitly exempting asset-backed securities (ABS) related to AI data centers from core investor protection regulations introduced after the 2008 financial crisis, including the "risk retention" clause requiring issuers to retain a portion of the debt. The SEC determined that data centers are not financial assets that liquidate over time, therefore securities linked to them should not be subject to the same regulatory constraints as ABS related to auto loans or mortgages. Although this move does not constitute a formal rule change, since companies had previously voluntarily complied with relevant regulations out of compliance prudence, the substantive impact cannot be underestimated. In terms of market size, the annual issuance volume of data center ABS has surged from $2.4 billion in 2020 to $15.5 billion in 2025, growing more than sixfold in five years, and is expected to hit a new record high in 2026.
Odaily Planet Daily Report: Arthur Hayes stated on the X platform that his article "Yen-quake" will introduce how Buffalo Bill Bessent plans to manipulate the dollar-yen exchange rate and restart the money printing press. Arthur Hayes said that over the past decade, the continued weakening of the yen has driven gains in global asset markets, but this situation will eventually come to an end. The yen is the lowest-valued currency globally and is also a point of contention among the United States, China, and Japanese everyday voters. There are three ways to resolve the yen issue, but the U.S. Treasury and Japanese politicians tend to favor only one of them. He will explain the operating mechanisms of each yen appreciation method and why the final option is the preferred approach; he will then discuss how to execute the third option at the political level. He stated that as dollar liquidity rises significantly, Bitcoin and cryptocurrencies will rally. The three options include: 1. The Bank of Japan sharply raises interest rates, causing the dollar-yen interest rate differential to disappear, at least on the short end. 2. The government persuades domestic institutions and public bodies such as GPIF to change their investment mandates, selling overseas assets and buying local assets. 3. Preferred option: The Japanese Ministry of Finance conducts repurchase transactions of its U.S. Treasury holdings with the Federal Reserve in exchange for dollars; it then sells dollars and buys yen in the foreign exchange market. Arthur Hayes said that before getting into the details, speculators should consider why yen appreciation is being discussed now. Over the past few decades, many have claimed that the yen was about to appreciate and trigger a global unwinding of carry trades. Two weeks ago, monetary policy officials from the United States and Japan conducted a joint exchange rate manipulation operation, though they euphemistically called it intervention. U.S. Treasury Secretary Buffalo Bill Bessent indicated a desire to raise the counterparty limit for the FIMA repo facility, enabling Japan's Ministry of Finance to use its massive asset reserves to defend the yen. Japan's Ministry of Finance also stated it is working closely with the United States to push the dollar-yen exchange rate lower. Relevant officials are signaling to the market their support for a shift in global currency relations, so the market must pay attention to this.
According to Bloomberg, U.S. AI data center startup Global AI announced the completion of a $441 million (approximately 626 billion Korean won) financing round, led by JPMorgan Chase. Founded in 2024, Global AI positions itself as "the world's first sovereign AI hyperscale provider," specializing in designing, building, and operating exclusive AI data centers physically isolated (Air-gapped) from external networks for national and corporate clients, focusing on high-security sensitive task processing scenarios.
Odaily News Nvidia CEO Jensen Huang announced that the company has partnered with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to establish an independent financing platform, planning to mobilize over $500 billion in third-party capital over the long term to support AI infrastructure development.Huang stated that the AI industry is transitioning from a phase where "enterprises purchase chips and build data centers project by project" to a new stage where AI factories serve as financeable productive infrastructure. AI computing power is becoming an investable asset, characterized by long-term institutional capital support, repeatable construction, and usage by diverse customers.Nvidia noted that AI factories encompass not only GPUs but also high-speed networking, system software, AI frameworks, and the CUDA ecosystem. Built on globally widely adopted architectures, AI factories can serve different customers, cloud providers, and application scenarios, while possessing strong asset liquidity and residual value.In this collaboration, Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR will independently evaluate specific projects, including customer demand, compute utilization, cash flow, and asset value. Nvidia will provide the AI factory platform, while the financial institutions will handle long-term capital and financing capabilities.Huang indicated that in some projects, Nvidia may provide up to 25% residual value support, but this will be prudently assessed on a project-by-project basis. The mechanism is designed to supplement, not replace, the independent judgment of institutional investors.He believes that AI factories will become the "infrastructure of the intelligent era," much like how electricity, transportation, and communication infrastructure drove past industrial revolutions. Going forward, growing demand for AI computing will create a virtuous cycle where "more compute drives stronger AI, stronger AI generates more revenue, and more revenue further fuels compute demand."
According to Bloomberg, OpenAI has completed an employee share buyback transaction worth approximately $7 billion. This move aims to provide liquidity exit opportunities for current and former employees and is widely regarded as a significant precursor to the company's IPO preparations. Sources familiar with the matter disclosed that the funding for this buyback came from OpenAI itself, rather than involving external investors in a tender offer. Following the transaction, OpenAI's valuation remained at $852 billion, consistent with its most recent financing round valuation.
According to Cryptopolitan, Bitcoin mining company Keel Infrastructure (formerly Bitfarms) released its Q2 2026 financial report this Monday, disclosing that the company has completed the shutdown of all its US Bitcoin mining farms, and sold 1,085 BTC between April 1 and August 7, cashing out approximately $75 million, and currently still holds 1,861 BTC on its balance sheet, valued at approximately $121 million. Financially, Keel's Q2 revenue was $30 million, down 50% year-over-year, mainly dragged down by weak Bitcoin prices and the shutdown of the Moses Lake mining farm; operating loss reached $141 million (including $84 million in non-cash depreciation), net loss from continuing operations was $64 million, and adjusted EBITDA was negative $24 million. Following the announcement, KEEL stock price fell more than 11% in a single day. In terms of strategic transformation, Keel is converting its core sites in Pennsylvania, Washington State, and Quebec into high-performance computing data centers; currently, permitting approvals for the three priority sites are nearly complete, and negotiations with potential tenants are underway. The company's current liquidity is approximately $819 million, including $698 million in unrestricted cash and $121 million in Bitcoin, and during the quarter, it also raised $458 million through convertible notes.
According to CNBC, Nvidia has signed a memorandum of understanding with Apollo Global Management, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs, and KKR to jointly establish a financing platform for Nvidia customers, aiming to mobilize over $500 billion in third-party capital for hyperscale data center construction and Nvidia hardware procurement. Nvidia CEO Jensen Huang characterized this as the first time AI chips have become an "investable asset class," stating they possess revenue-generating capabilities, long service lives, and can be transferred across customers, while analogizing compute infrastructure to electricity and the internet. BlackRock CEO Larry Fink defined the project as the "next future of financial engineering" following the securitization of mortgages in the 1970s, and stated that more funds would be raised as soon as possible. Goldman Sachs CEO David Solomon revealed that this collaboration was initiated by Jensen Huang. Currently, some funds have already been raised; the parties will provide financing support for GPUs and data centers through institutional credit, insurance capital, and private capital, helping end users complete AI infrastructure construction without tapping their own balance sheets.
According to The Information, citing people familiar with the matter, Applied Compute, an AI startup founded by former OpenAI researchers, is in discussions for a new round of financing, with a valuation expected to reach approximately $3 billion, more than doubling the valuation announced during its previous funding round four months ago. The company is dedicated to helping enterprises run and customize open-source models using their own data. This financing comes amid strong recent revenue growth at the company. People familiar with the matter said Applied Compute's current annualized revenue is approximately $50 million, nearly four times the revenue level disclosed by CEO Yash Patil last November. According to one source, investor Elad Gil is in talks to lead this round, with the expected funding amount reaching hundreds of millions of dollars. It is currently unclear whether this valuation includes the newly injected capital. This round of financing has not yet been finalized, and specific terms may still change.
Odaily News Nvidia-backed AI cloud computing provider Lambda is raising $917 million through the leveraged loan market to procure AI chips. As artificial intelligence infrastructure construction accelerates, chip financing is emerging as a new avenue for capital investment in the AI industry.Lambda belongs to the rapidly growing camp of "neoclouds" in recent years, primarily offering GPU computing power and AI infrastructure services to enterprises and developers. This financing plan will be carried out through a GPU-backed loan based on GPU asset-related rights, designed to support the company in expanding its AI computing resources.According to reports, AI infrastructure companies are actively exploring new financing methods to meet the massive capital investments required to build large-scale computing clusters. Previously, AI cloud service provider CoreWeave completed the first chip financing transaction in the institutional leveraged loan market, providing a new financing model for the industry.As demand for generative AI continues to grow, Nvidia GPU supply has become a core resource for AI companies' expansion. By using GPU assets as a financing basis, AI cloud providers can rapidly scale up computing capacity without relying entirely on equity financing, while also bringing traditional credit markets into the wave of AI infrastructure investment. (Bloomberg)