News linked to this event type.
According to The Block, citing the Wall Street Journal, asset manager Janus Henderson is launching JQQQ, the first licensed tokenized fund tracking the Nasdaq 100 Index. The fund leverages technology from Centrifuge and is deployed on the Stellar blockchain. Initially, JQQQ will be open only to eligible non-US professional investors, with a minimum investment of $100,000.
Odaily reports: AI compute startup General Compute has completed a $100 million Series A funding round, led by Blackbird Ventures and Abstract Ventures, with a post-money valuation of $800 million, a significant increase from the $60 million valuation after its seed round in May this year. The funding was driven by an order from a large customer with $100 million in annual recurring revenue.General Compute focuses on AI inference compute, using specialized chips from NVIDIA competitors, and has reached a $400 million chip procurement agreement with SambaNova, with suppliers also including Positron and Cerebras. Unlike the traditional approach of building large data centers, the company deploys AI compute by leasing data center space, utilizing smaller-scale power resources, and retrofitting Bitcoin mining farms, with plans to deploy 75 megawatts of compute capacity by 2027. Amid CoreWeave's stock falling to near a 12-month low and Elon Musk's prediction that more than 200 new cloud service providers will undergo elimination and consolidation, General Compute co-founder and CEO Finn Puklowski believes that market fears of a chip-induced industry collapse are severely exaggerated, and customer demand for various chips and compute remains strong.PANews, October 27: According to reports, AI compute startup General Compute has completed a $100 million Series A funding round, led by Blackbird Ventures and Abstract Ventures, with a post-money valuation of $800 million, a significant increase from the $60 million valuation after its seed round in May this year. Currently, General Compute focuses on AI inference compute, using specialized chips from NVIDIA competitors, and has reached a $400 million chip procurement agreement with SambaNova, with suppliers also including Positron and Cerebras. (TechCrunch)
According to the third quarter 2026 earnings report released by SoFi Technologies (NASDAQ: SOFI), the company reported GAAP net revenues of $1.385 billion, up 44% year-over-year; net income of $241 million, up 73% year-over-year; and diluted earnings per share of $0.18. Adjusted EBITDA reached $470 million, up 70% year-over-year, representing a margin of 34%. The active member base increased to 17.1 million, up 35% year-over-year, with 1.2 million net additions during the quarter; total products reached 26.7 million, up 44% year-over-year. Loan originations totaled $16.9 billion for the quarter, up 71% year-over-year, including $12.6 billion in personal loans, $2.9 billion in student loans, and $1.4 billion in home loans. Total deposits at quarter-end stood at $51.3 billion, an increase of $5.8 billion from the prior quarter. The company raised its full-year 2026 adjusted net revenue guidance to approximately $5.04 billion, adjusted EBITDA guidance to approximately $1.66 billion, adjusted net income to approximately $840 million, and adjusted EPS to approximately $0.61. The company also issued its first-ever 2027 outlook, projecting adjusted net revenue of approximately $6.4 billion, adjusted EBITDA of approximately $2.24 billion, adjusted net income of approximately $1.28 billion, and adjusted EPS of approximately $0.90.
According to reports by Sifted, London-based UK AI startup 22one has reached a valuation of approximately $400 million, with backing from venture capital firms such as Sequoia Capital and General Catalyst. Founded by a former senior police officer, the company primarily develops AI tools for police departments. The report notes that the UK government is driving police modernization, providing a policy backdrop for the application of such technologies.
Odaily reports: The Hong Kong Monetary Authority (HKMA) has issued an announcement disclosing that it has received a large number of public inquiries concerning fraudulent activities involving a fake digital Hong Kong dollar project. The scam in question claims to be able to convert loans into digital Hong Kong dollar assets, luring the public into signing agreements.The HKMA solemnly clarifies that the fraudulent scheme and lending project are in no way related to the HKMA, and emphasizes that it will never contact members of the public regarding personal financial matters or carry out fund transfers. All institutions participating in the "e-HKD" Pilot Programme and other HKMA sandbox programmes will not raise funds from the public or offer wealth management and investment products under the name of the relevant programmes.The HKMA has reported the incident to the Hong Kong Police and reminds the public to verify relevant information through the HKMA's official website. If you have provided personal information to suspicious websites or applications, or suspect you have been defrauded, you should immediately contact the police or the Information Centre of the Criminal Headquarters of the Hong Kong Police Force.
Odaily Report: Zcash co-founder Sean Bowe has submitted a proposal to stop the automatic allocation of block rewards to the Zcash Community Grants (ZCG) program and redirect the remaining 8% of block rewards originally allocated to the program to the Network Sustainability Mechanism (NSM). He stated that ZCG currently holds over $125 million in funds and will receive several million more before the funding inflow stops, and that the existing grants program was not designed to manage funds of this scale.According to the draft proposal, ZCG holds 91,452.98 ZEC and approximately $8.8 million in USD-denominated assets, with $2.4 million in outstanding grant commitments. Bowe noted that the current 8% allocation mechanism generates over $68 million worth of ZEC per year, while the Financial Privacy Foundation disclosed that ZCG's spending in the first quarter of 2026 was only $1.53 million. If the proposal is approved, the original allocation percentage will be redirected to the NSM, and the total Zcash issuance will not increase. Meanwhile, the separate 12% of block rewards allocated to the Coinholder-Controlled Fund will remain unchanged. ZCG will still be able to retain and manage its existing assets, continue approving grants, and fulfill outstanding commitments.The proposal has not yet specified an activation block height and has not been included in the currently planned NU7 network upgrade; it would require a future network upgrade to take effect. (The Block)
Odaily Report: Bitget Wallet has officially launched its Virtual Account feature, allowing users to open a real USD or EUR account for free within the wallet without requiring US or EU residency status, enabling them to directly receive salaries, freelance income, and cross-border remittances.The feature is supported by licensed banking partner Noah for compliance, is globally available, and can be set up within minutes after completing KYC. It supports major receiving channels including ACH, Fedwire, SWIFT, and SEPA, with fees significantly lower than traditional remittance services. After users transfer USD or EUR to the virtual account, incoming funds are automatically and instantly converted to stablecoins, which can be directly used for wealth management within the wallet, crypto card spending, and QR code payments.This move marks Bitget Wallet's payment ecosystem extending from the "spending side" to the "receiving side," building a complete monetary account system covering receiving, savings, wealth management, and spending. Currently, Bitget Wallet serves over 100 million users globally, and the launch of virtual accounts is a key step in advancing its Everyday Finance strategy, aimed at bringing bank-grade receiving capabilities into the self-custody wallet ecosystem.
According to Wintermute's weekly market report, Bitcoin fell 2.43% last week, marking its third consecutive weekly decline, breaking below $82,500 and retesting $80,000 before closing at approximately $80,500. ETH dropped 3.40%, closing at around $2,330. U.S. spot Bitcoin ETFs recorded a net outflow of $636 million on Thursday, the largest single-day outflow since June, coinciding with a 2.6% drop in the Nasdaq on the same day. On the macro front, following Houthi attacks on Saudi oil infrastructure, Brent crude surged 5.66% to $116.72, with oil prices displacing AI financing as the primary market concern. Wintermute noted that as of October 18, markets price in roughly an 86% probability that the Federal Reserve will hold rates steady this Wednesday, alongside expectations for a December rate hike. The Fed's forward guidance regarding December represents the key risk. Technically, BTC must reclaim the $82,000–$82,500 zone. Should the $80,000 level fail, the next support sits at $76,000, with a breakdown likely pushing prices to just over $70,000. The firm stated it is temporarily not taking a bearish view but will remain cautious until the FOMC meeting concludes and BTC reclaims $82,500. Key upcoming events include the October 28 FOMC meeting, October 29 reports for Q3 GDP and September PCE data, and the October 30 monthly options expiration.
Galaxy Digital released its Q3 2026 financial results, reporting a net profit of $323 million, marking a turnaround from an $85 million loss in the previous quarter. Adjusted EBITDA reached $455 million, while total assets grew sequentially by 51% to $16.4 billion. Cash, stablecoins, and U.S. Treasuries totaled $4.9 billion, nearly doubling quarter-over-quarter. In its digital asset business, trading volume increased sequentially by 12%, outperforming the broader spot market. The combined scale of asset management and staking grew sequentially by 46% to $10.4 billion, alongside a multi-year partnership with BNY Mellon to provide staking support for its digital asset custody platform. The data center business saw adjusted EBITDA rise nearly fivefold sequentially to $69 million, primarily driven by the first full operating quarter following the delivery of 133 MW of compute capacity for Phase I of Helios to CoreWeave. Phase II has broken ground with fully funded financing. The company completed a $3.5 billion issuance of senior secured bonds for this purpose, and its overall power pipeline has expanded to over 5.7 GW, with server room deliveries expected to begin in Q2 2027. Regarding capital operations, the $200 million share repurchase program launched in February was completed on October 15, with approximately 9.8 million shares cumulatively repurchased. On October 26, the Board of Directors approved a new $200 million repurchase authorization.
According to official announcements, Odaily reports that Gate will list Ritual (RITUAL) for spot trading on October 27 at 21:00 (UTC+8), and will open flash exchange trading at 22:00 the same day. Ritual is an EVM-compatible Layer 1 blockchain built specifically for autonomous AI agents, supporting smart contracts that can directly call AI models and external APIs.Meanwhile, Gate CandyDrop Round 189 will run from October 28 at 18:00 to November 11 at 18:00 (UTC+8), with a total prize pool of 5,000,000 RITUAL. The event features three tasks: first spot trade, spot trading milestone, and inviting friends, with respective prize pools of 300,000, 3.5 million, and 1.2 million RITUAL. Eligible users who complete the designated tasks can participate to claim rewards or share the airdrop through candy distribution.
Flap announced on X that it has officially launched the Agent ID token issuance feature, initially supporting Binance Agent ID.According to the official introduction, only wallets holding a qualifying Agent ID can buy and sell tokens on Flap's official joint curve, with a holding cap of 2% per wallet, including developer wallets. Project teams can customize buy/sell taxes and tax distribution, and use Flap Vault to design the token fee mechanism; after tokens migrate to a DEX, all users can participate in trading.
According to TechCrunch, NVIDIA participated in the $14 million Series B financing round for Indian startup Simplismart, which was led by Dallas Venture Capital with participation from Accel, Shastra VC, and Micromax. The transaction values the four-year-old company at approximately $100 million, including the new investment. Simplismart states that its software sits between AI models and compute infrastructure, automatically adjusting model deployment and management to optimize response time, request throughput, and compute utilization, enabling customers to better leverage their existing GPU resources. The company noted that its software helped AI video generation platform InVideo reduce GPU service costs by 56%. Simplismart CEO Amritanshu Jain told TechCrunch that the company’s annualized revenue run rate grew 14 times over the past six months to reach an eight-figure amount. This figure is based on recent customer usage rather than contractual recurring revenue, and excludes revenue passed through to infrastructure providers. Although the company serves more customers in India, the United States accounts for more than half of its total revenue.
Bybit today added three stock perpetual contracts: iShares MSCI Indonesia ETF (EIDOUSDT), EQT Corporation (EQTUSDT), and STMicroelectronics (STMUSDT), with support for up to 25x leverage. Limited-time trading fee discounts are available at launch: Limit order fee: 0%, Market order fee: 50% off.
According to an MSX announcement, MSX will list the V (Visa) US stock token contract on October 27, 2026 (UTC+8).
According to the MSX announcement, MSX will list the KO (Coca-Cola) US stock token contract on October 27, 2026 (UTC+8).
According to MSX's announcement, MSX will list the NOW (ServiceNow) US stock token contract on October 27, 2026 (UTC+8). ServiceNow will release its third-quarter earnings after the US market close on October 28.
According to an MSX announcement, MSX will list TENB US stock token spot trading on October 27, 2026 (UTC+8).
According to the latest gStocks trading data released by Gate, the platform's tokenized stock business has surpassed $8.4 billion in cumulative trading volume, with over $2.2 billion in the past 30 days and nearly 30,000 cumulative trading users. Among them, the top five popular assets each recorded approximately $50 million in trading volume over the past 30 days, indicating high market trading activity.In terms of specific assets, SNDKG cumulative trading volume exceeded $300 million, while MUG, SPCXG, TSLAG, and SKHYG all surpassed $200 million in cumulative trading volume; TSLAG and NVDAG each exceeded 10,000 cumulative trading users, reflecting sustained market interest in certain tech-stock-related tokens.Currently, Gate gStocks has listed 78 trading assets, covering popular sectors such as AI chips, memory technology, electric vehicles, and commercial aerospace. As trading scale expands and participating users increase, trading activity for the platform's popular stock tokens has further increased, providing support for the market liquidity of the underlying assets.
Odaily reports: Investment firm Seawolf Capital says it is shorting cloud computing company CoreWeave. The firm was founded by three traders known for the book and film "The Big Short," and co-founder Vincent Daniel said the short position began with an analysis of CoreWeave's business model.Seawolf Capital points out that CoreWeave rents out AI compute powered by high-end GPUs, a model similar to businesses that purchase specific assets and then lease them out. The firm believes the economic lifespan of GPUs may fall short of oil drilling equipment, aircraft, or shipping equipment, and that competing chip compute supply is rapidly increasing.Vincent Daniel said CoreWeave needs to continuously invest large amounts of capital to purchase high-priced AI chips. Based on its assessment of the company's 2027 free cash flow gap and balance sheet leverage, the company may need to raise tens of billions of dollars in new funding on favorable terms. Seawolf Capital says its short thesis is focused on capital availability and cost, not a bearish view on the overall AI trade. (Business Insider)
Odaily reports: Bitcoin treasury company Strategy shareholders will vote on October 28 on whether to amend the terms of STRC, STRF, STRK, and STRD to allow dividend record dates to be set on a daily basis. The proposal requires majority support of the total voting power of all outstanding common shares, with abstentions and broker non-votes counted as opposition; preferred shareholders have no voting rights.Michael Saylor currently controls 32.9% of the total voting power, and the proposal still needs about 17 percentage points of support from other shareholders. If approved, STRC holders can receive dividends on a daily basis from November 1 to 30, totaling $1 per share, with an annualized rate of 12%; if not approved, daily dividends will not be implemented.Strategy will announce its third-quarter results on October 29. As of October 25, the company held 848,517 bitcoins and $5.1 billion in dollar assets. (Bitcoin.com News)