News linked to both this project and an event.
According to Fortune, New York-based payments company Fin.com has announced the closing of a $20 million seed round, completed in August and led by Expa and Uber co-founder Garrett Camp, with participation from Coinbase Ventures, Tenet Fund, the founder of Figure, Mesh founder Bam Azizi, Second Sight Ventures, and Gulf and African sovereign and royal family offices. Founded by Bangladeshi founder Nabeel Alamgir and Pakistani founder Mustafa Dar, Fin.com aims to solve the "last mile" challenge of converting stablecoins into local bank accounts or digital wallets, providing white-label payment infrastructure to financial institutions, consumer platforms, and prediction markets. Its client platforms collectively serve over 800 million users. The company focuses on the South Asian, African, and Middle Eastern markets, and currently maintains offices in New York, Las Vegas, Dubai, Dhaka, Bangalore, and Lahore.
According to Bloomberg, Shanghai-based Biren Technology is considering a new round of equity sales to raise approximately $1 billion to support the expansion of its artificial intelligence business. As one of the GPU chip developers heavily backed by Beijing, the company has banks in preliminary stages, currently sounding out potential investors for interest.
According to EU-Startups, Vilnius-based Lithuanian legal tech startup EnforceShield has announced the closing of a €1.7 million seed funding round led by Vendep Capital, with participation from FIRSTPICK VC. Founded in 2024 by practicing lawyer Rytis Rudzinskas, EnforceShield specializes in autonomous corporate IP enforcement. Its platform enables continuous cross-platform detection, legal analysis, verification, takedown execution, and infringement monitoring, fully automating the end-to-end process from discovery to resolution without requiring manual, case-by-case handling.
According to Business Insider, Seattle-based artificial intelligence company Nuance has announced the completion of a $50 million Series A funding round, led by Lightspeed Venture Partners, with participation from Accel, NVIDIA's NVentures, South Park Commons, and Define Ventures. Founded last year by three former Apple researchers, Nuance aims to develop multimodal AI models with enhanced emotional understanding capabilities. The company completed a $10 million seed round led by Accel in July of last year.
According to EU-Startups, Stockholm-based Swedish health tech startup Tandem Health has closed a €86.49 million (approximately $100 million) Series B funding round, led by EQT's Scaleup Europe Fund alongside Kinnevik, Northzone, Amino Collective, and Visionaries. This brings the company's total cumulative funding to €138 million (approximately $160 million).
According to EU-Startups, Zurich-based preventive healthcare company Aeon announced the completion of its seed extension financing round and the simultaneous acquisition of German blood diagnostic platform Aware Health, bringing its total seed funding to over €12 million (approximately $14 million). The round was co-led by Araya Ventures, with existing investors Concentric, GoHub Ventures, Kadmos Capital, Calm/Storm Ventures, N&V Capital, and Bigwave Capital participating.
enterprise AI company Clay has announced the completion of a $115 million Series D funding round, led by Wellington, with participation from Sequoia Capital, StepStone, Andreessen Horowitz (a16z), Perennial, Meritech, DST, CapitalG, and others. The post-money valuation has risen to $7.1 billion.Clay stated that its AI agents can build real-time business and customer profiles based on internal and external data such as CRM, and automatically construct and execute workflows according to enterprise goals. Currently, companies including Anthropic, Google, OpenAI, and Stripe have adopted its products. (Reuters)
Odaily reports: Shaunda Devens stated that PumpFun's annualized revenue is approximately $677 million, with PUMP's price-to-sales ratio at about 2.8x, lower than comparable revenue-generating tokens; based on current revenue and price, 50% of protocol revenue is used for programmatic buybacks and burning of PUMP, equivalent to repurchasing about 17.6% of the circulating supply annually, while approximately 77% of tokens already allocated to the team and investors have not yet moved. PUMP's official documents explicitly state that the token does not represent equity in PumpFun, nor does it grant holders rights to income, profits, dividends, or cash flows; PumpFun's approximately $2 billion treasury is owned by Baton Corp, and the existing buyback arrangement will expire in April 2027. Under its base-case scenario, PUMP's valuation range is $0.0108 to $0.0205, approximately 2.3 to 4.4 times higher than the September 9 price; if business activity declines and valuations continue to contract, the price could fall by 59% to 76%.
Odaily News: Dell Technologies is seeking to raise approximately $4 billion through an investment-grade bond issuance to refinance existing debt. Sources familiar with the matter said the final issuance size has yet to be determined and will be adjusted based on market demand. The bond sale comes amid continued growth in AI-driven server demand, as Dell benefits from the AI infrastructure investment boom, boosting its performance. (Bloomberg)
According to EU-Startups, London-based AI precision machining software startup CloudNC announced it has closed a €17.2 million (approximately $20 million) funding round led by U.S. venture capital firm Nimble Ventures, with participation from Calculus Venture Capital, Entrepreneur First, and Lockheed Martin's venture capital fund, LM Ventures.
Odaily News "White-haired Stock God" Serenity posted on X, expressing optimism about storage chip maker Elite Semiconductor Memory Technology (ESMT, 3006) over the coming months, suggesting its trajectory could mirror the strong rally seen in SanDisk (SNDK).Serenity noted that a single DDR2 memory chip currently costs around $0.96. If the ASP (average selling price) triples, the cost per chip would increase by roughly $2. While this cost increase remains relatively limited for end products, sustained price hikes in memory products could have a significant impact on ESMT's own profitability. Additionally, SLC NAND is expected to see ASP increases of 120% to 170% in the second half of the year, with NOR Flash and other products also facing pricing upside expectations.Serenity stated that based on July performance, ESMT's current monthly net profit stands at approximately $111 million, with a market cap of around $2.8 billion, and believes there remains substantial room for valuation re-rating. Serenity noted that ESMT's current situation reminds them of early-stage SanDisk, but this opportunity is primarily concentrated in the legacy and specialty memory market.
France-based Bitcoin treasury company Capital B announced on Monday that it acquired 376 Bitcoin for €25.3 million (approximately $29.4 million), marking its largest Bitcoin accumulation since September 2025. Following this purchase, the company's Bitcoin holdings increased to 3,521, with a total acquisition cost of approximately €309.4 million and an average purchase price of around €87,878. The funding was sourced from a recently completed financing round, which included a €28.7 million private placement.
AMC CEO Adam Aron issued a post responding to Robinhood CEO Vlad Tenev, stating that his concerns over Robinhood’s stock tokens are “almost a matter of corporate survival.” He emphasized that U.S. securities laws are designed to protect investors, noting that AMC allocates substantial annual resources to maintain regulatory compliance. He questioned how Robinhood, as a U.S.-based company, can establish operations in Jersey—far outside U.S. jurisdiction—and market securities that essentially “masquerade as AMC” while evading U.S. securities regulations. Aron argued that the “fictional synthetic equity market” engineered by Robinhood severs stock token ownership from a company’s control over its own financing capabilities; these tokens do not constitute genuine equity and strip investors of core shareholder rights, including voting privileges. He called on Robinhood to voluntarily cease trading AMC stock tokens, warning that failure to do so would prompt AMC to pursue legal action to enforce a halt, and confirmed he would escalate the issue to the U.S. Securities and Exchange Commission.
According to Chaohiang Research, JPMorgan's September 2 investor meeting minutes for NVIDIA indicate that NVIDIA is "comfortable" with its guidance for 70% year-over-year growth in FY28, and this guidance is supply-constrained rather than demand-constrained; with sufficient supply, the business could grow more than double. Inference has become the largest and expanding segment of the data center business. Eighteen months ago, inference and training each accounted for roughly half, but currently inference exceeds training and will continue to rise. Advanced wafers and memory are the two major supply bottlenecks, and NVIDIA maintains close cooperation with TSMC and the three major memory suppliers. The customer base continues to broaden, with OpenAI and Anthropic currently accounting for approximately 20% of end-user demand, which may approach 25% by FY28; new cloud providers now account for over 50% of AI computing infrastructure. Open-source and closed-source models will coexist, and gross margins for model developers are improving. NVIDIA supports long-term demand through revenue sharing, the PORTS-Pike campus, and a $500 billion private capital financing platform. Morgan Stanley maintains an Overweight rating with a price target of $320, based on approximately 20x the expected CY2026 EPS of $15.87.
Odaily News: The U.S. Federal Bureau of Investigation (FBI) has seized approximately $560,000 in cryptocurrency and taken control of the domain and servers of a fundraising website linked to Hamas. The U.S. Department of Justice stated that these funds were allegedly intended for use by Hamas's military wing, Al Qassam Brigades.Investigators tracked and confiscated the relevant crypto assets based on three seizure warrants issued on March 25, June 25, and October 10, 2025. Court documents show that the assets involved include Bitcoin, Ethereum, Wrapped Ethereum, Tether (USDT), and TRON (TRX), distributed across 18 addresses controlled by Tether and 3 Binance accounts.According to court documents, encrypted chat groups had directed supporters to visit AlQassam.ps and solicited donations via rotating wallet addresses. After the FBI took over the relevant domain and servers, it obtained information on thousands of individuals who had contacted Hamas to inquire about making donations. (Decrypt)
Odaily News Crypto enterprises, asset managers, market makers, and consumer advocacy groups have submitted comments to the U.S. Securities and Exchange Commission (SEC) in response to its request for input on the regulatory framework for "novel ETFs," covering exchange-traded products such as crypto assets, private assets, event contracts, and leveraged strategies.Crypto industry organization Crypto Council for Innovation (CCI) recommended extending certain regulatory accommodations applicable to ETFs to non-ETF exchange-traded products. Venture capital firm Andreessen Horowitz (A16z) stated that the SEC should assess products based on their underlying assets and risk profiles, rather than treating all novel ETFs as a single category.Grayscale opposed adding new portfolio restrictions for mature digital asset products, while Chainalysis suggested leveraging public blockchains to enable real-time monitoring and verifiable disclosures. Kalshi expressed support for including event contracts in registered funds, whereas consumer advocacy group Public Citizen opposed offering event contract ETFs to retail investors. The SEC will evaluate whether to adopt a unified regulatory framework or craft separate rules based on product structure and risk. (Decrypt)
Odaily News - Bitfinex Securities, the tokenized investment platform under crypto exchange Bitfinex, has listed 5 tokenized notes, providing eligible investors with economic exposure to bitcoin treasury companies such as Strategy, Metaplanet, H100 Group, and Capital B. The platform has also listed Strategy's floating-rate perpetual preferred stock, STRC.The aforementioned notes are issued through the Luxembourg-based ORO (II) fund and managed by SICOS Securities. The underlying securities are held in custody by regulated financial institutions but do not grant investors direct ownership of shares in the corresponding companies. The products allow fractional investments starting from approximately $1 and support trading in USD, USDT, and Bitcoin, and are only available to eligible non-US investors.Bitfinex Securities stated that this marks the first time such products are available for secondary trading on a regulated tokenized securities exchange. Following the completion of a $50 million tokenized fundraising round for metals company Alkemya in August this year, the platform's total listed assets have surpassed $500 million. (Cointelegraph)
Odaily News: Digital asset infrastructure company BitGo has announced the completion of its acquisition of NYDIG's institutional trading business. The transaction employs a two-step merger structure, with total consideration of approximately $42.5 million, including $7 million in cash and approximately $35.5 million in BitGo stock.The business brings approximately 30 NYDIG employees and institutional client relationships into BitGo, offering derivatives, structured products, financing, and capital markets solutions to asset management firms, hedge funds, corporations, and family offices.The transaction also includes performance-based incentive provisions, including a $10 million cash payment tied to a revenue milestone, up to $5 million in cash and additional shares tied to a second milestone, as well as retention incentives for transferred employees.NYDIG will focus on power generation, Bitcoin mining, and high-performance computing data center operations, with the company disclosing a development pipeline exceeding 3 gigawatts. BitGo recently completed its IPO on the New York Stock Exchange, with a post-issuance valuation of approximately $2 billion, and launched the USDS token. (Decrypt)
Odaily News According to official sources, anonymous Q&A game Chomp has completed a $3.6 million funding round, co-led by Jsquare and Blueyard, with participation from Accomplice, Big Brain Holdings, No Limit Holdings, Reverie, Caballeros, and other VCs.Chomp is a social game based on anonymous Q&A and prediction mechanisms, allowing users to answer questions and predict others' responses to uncover the public's true opinions, as well as their own cognitive biases toward others. In addition to its consumer-facing product, Chomp also applies these anonymous, well-labeled opinion datasets to scenarios such as AI model training and consumer research.Founder and CEO Kiko previously served as COO at Orca, a decentralized exchange on the Solana ecosystem.
Odaily News - PURR, a token related to the Hyperliquid ecosystem, rose approximately 15% after Hyperliquid Strategies published its "HYPE Treasury" and balance sheet updates.According to the disclosure, Hyperliquid Strategies has completed a $647 million equity financing round and increased its HYPE token reserve to 29.3 million tokens, valued at approximately $1.9 billion based on fiscal year-end prices—more than doubling from its previous size.The company stated that it subsequently invested an additional $773.4 million to acquire approximately 16.5 million HYPE tokens at an average purchase price of $46.77. The company said the continued expansion of its HYPE holdings is aimed at building a "fortress balance sheet" to strengthen long-term support for the Hyperliquid ecosystem.Market observers believe that sustained institutional allocation to HYPE assets has further reinforced expectations regarding the Hyperliquid ecosystem's value-capture capabilities, driving related ecosystem tokens like PURR higher. (The Block)