News linked to both this project and an event.
According to TNW, San Francisco-based startup Dream has emerged from stealth, announcing the closing of a $17 million seed funding round. The investors include Andreessen Horowitz (a16z), SV Angel, XYZ, and Zigg Capital. Dream was co-founded by Andy Elder and Arjun Mathur, who each spent around a decade working at Palantir. The company develops an "architectural world model," trained using over 100 million square feet of permitted U.S. building data. The model understands the spatial relationships between building components, such as the routing of HVAC ducts through walls. The company states that the precision of the drawings generated by the model is sufficient for contractors to proceed directly with construction. Early operations will focus on commercial projects, including retail stores, offices, and data centers.
Odaily Report: Bitcoin treasury company Strategy is considering issuing preferred stock to finance additional Bitcoin purchases. Executive Chairman Michael Saylor said the company can create up to $30 billion in digital credit based on its existing balance sheet, without issuing additional common stock or requiring Bitcoin's price to continue rising.CEO Phong Le said that issuing digital credit will be Strategy's primary method for acquiring more Bitcoin; if the company raises $1 billion to $2 billion through STRC in a month, part of the funds could be allocated to USD reserves, with the remainder used to purchase Bitcoin.Strategy reported third-quarter net income of $19.53 billion, primarily driven by a $20.91 billion increase in the value of digital assets. As of October 25, the company held 848,517 Bitcoin, up 26% year-to-date. The $30 billion figure represents potential financing capacity, not a publicly announced fundraising target. (Cointelegraph)
Odaily Report: PhotonPay has announced the completion of a $40 million Series C funding round, led by Blockchain Capital, with new investor SBI Group participating, and IDG Capital, GL Ventures, and Lightspeed Faction also joining. The project is a Hong Kong-based fintech company dedicated to developing a stablecoin-centric financial operating system, offering multi-asset wallets, global card issuance, and local clearing services, while advancing a financial execution layer for AI agents. As of August 2026, PhotonPay's annualized transaction volume reached $65 billion, and it has obtained 34 payment and financial licenses or authorizations across the Americas, Europe, and Asia, serving more than 200,000 enterprise clients with operations covering over 200 countries and regions.
Bernstein believes capital inflows are primarily concentrated in application platforms with stable or accelerating revenues, alongside usage-based software driven by expanding AI workloads. The report remains confident in the business durability of select enterprise platforms but still voices concerns over growth and valuation divergences for hot stocks. Its stock-picking framework focuses on operational improvements, AI monetization capabilities, and the disconnect between market sentiment and fundamentals.
Odaily Report: Bitget, in collaboration with Reality and Keyring, has published a research report exploring the synergies between tokenized stocks, perpetual contracts, and decentralized lending, while assessing the potential returns and risks of related strategies through simulated calculations. The report notes that the application of tokenized stocks is expanding from traditional stock trading to collateralized lending, asset management, and systematic investment strategies.The research is based on Reality's rToken, combined with stock perpetual contract hedging and onchain lending mechanisms, to explore stock basis yield strategies. Historical simulation data shows that from December 15, 2025, to October 19, 2026, the strategy index achieved annualized net returns of approximately 7% and 4% in-sample and out-of-sample, respectively, with a gross funding rate premium of approximately 11%–14%. The report also notes that financing costs, trade execution fees, market liquidity, and risk management are key factors affecting the strategy's actual returns.It is understood that Bitget and Keyring plan to jointly develop a stock basis index and build an onchain lending market based on Reality's rToken. Reality will provide exposure to tokenized stock assets, while Keyring will be responsible for developing the index methodology and building the related lending market. The index aims to capture funding rate and basis yield opportunities by combining rToken holdings with hedged positions in corresponding stock perpetual contracts, providing a new strategic pathway for the application of tokenized stocks in onchain financial scenarios.
Meanwhile, the company signed a basic cooperation agreement on Lightning Network routing business with ALC, utilizing the BTC held by ALC as liquidity for its operated channels to jointly build Japan-based routing infrastructure. The raised funds will be allocated to payment infrastructure development, talent recruitment, routing business, and R&D, with a primary focus on advancing "aurora," a Lightning payment service that can integrate with merchants' existing payment systems via API.
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.
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.
Bernstein estimates that the expansion of ground-based compute capacity will initially lift the revenue curve, while orbital data centers will determine the long-term valuation cap. The report maintains an Outperform rating, raises the price target from $248 to $268, and provides a 2027 adjusted EPS forecast of $1.44. Two key validation points are whether ground-based compute can be brought online on schedule and whether the price per watt can hold at $26.
According to Bloomberg, the valuation of Anthropic shares held by Commonwealth Bank of Australia (CBA), Australia's largest lender, has increased approximately tenfold over a year. CBA participated in Anthropic's Series E financing round in March 2025, with the value of its stake rising from AU$153 million at the end of June 2025 to AU$1.53 billion at the end of June 2026. This valuation is calculated based on the post-financing valuation following a funding round completed by Anthropic in May 2026, a round in which CBA did not participate.
Neutral Trade has announced that, due to the delayed launch of the TermMax token and the renegotiation of yield terms, the airdrop allocation for the TermMax private credit vault is now being disclosed. The airdrop portion consists of TMX tokens calculated at a $60 million FDV valuation, which will be distributed to depositors based on the September 25, 2025 snapshot ratio after being sold. The distribution plan is 50% released one month after launch, followed by 12.5% per week for 4 consecutive weeks; distribution will begin this week.
Odaily reports: Bankless founder David Hoffman posted on X that a batch of tokens he refers to as "2017-era Bitcoin clone coins" have recently gained momentum again. Among them, PRL rose 30% this week, with a fully diluted valuation (FDV) of approximately $4.2 billion; QTC rose 300% this month, with a valuation of approximately $1.8 billion based on a total supply of 21 million tokens.David Hoffman believes that what is noteworthy is that such tokens, which adopt a fixed supply cap of 21 million, are now commanding multi-billion-dollar valuations.
According to The Wall Street Journal, SK Hynix has officially called off the U.S. IPO plan for its memory chip subsidiary Solidigm and terminated the concurrent pre-IPO financing. The company said the decision was primarily based on recent capital market conditions and stock price trends, and does not signal any changes in Solidigm's business outlook or investment needs.
According to BeInCrypto, Grayscale released a crypto asset valuation ranking evaluated based on two metrics: "Token Holder Yield" and "Adjusted Earnings Yield". HYPE topped holder yields at 8.0%, with Lighter (LIT) following closely at 7.9%, and PancakeSwap (CAKE) ranking third at 2.6%, followed sequentially by AERO, UNI, RAY, PENDLE, AAVE, JUP, and CRV. In terms of adjusted earnings yield, CAKE led at 14.4%, with LIT at 14.1% and HYPE at 9.8%, followed sequentially by RAY, AAVE, JUP, SKY, UNI, AERO, and PENDLE. The report showed that five assets on the list had negative holder yields, including AAVE, JUP, and CRV, with CRV at -5.5% and JUP at -2.6%. Grayscale calculates holder yield as staking rewards plus buybacks minus new token issuance, so holders face dilution when new issuance exceeds total yields. While JUP's adjusted earnings yield stands at 3.5%, its holder yield remains negative.
According to Yonhap News Agency, SoftBank Group-affiliated data center developer SB Energy is considering delaying its U.S. listing to December or next year, shifting from its originally scheduled date of September this year. SB Energy is the driving force behind OpenAI's Ohio data center project. The report noted that recent heightened market volatility and rising interest rates have cooled investor sentiment toward AI-dedicated data center (Neocloud) companies. SB Energy plans to list at a valuation of approximately $60 billion, aiming to raise between $5 billion and $7 billion. However, the company currently has no operational data centers, and its valuation is based solely on expected future profits, which has led to a lukewarm response from investors. According to sources familiar with the matter, SB Energy's management is closely monitoring Anthropic's anticipated IPO, expected before the Thanksgiving holiday in November. If Anthropic's stock performance remains strong following its listing, SB Energy could proceed with its own offering in December.
Odaily reports: Israeli cybersecurity startup Mave has announced the completion of a $34 million funding round, including $28 million from a Series A led by Red Dot Capital Partners with participation from Lumir Growth Partners, following a previous $6 million seed round. Mave primarily develops AI agents for cybersecurity operations.Mave's AI agents can integrate information from enterprises' existing security systems, investigate alerts, filter out false positives, and execute actions approved by human teams. The company states that its agents record every step across thousands of workflows, providing security personnel with visibility into the agents' reasoning and actions.Mave was co-founded by Raziel Oren and Guy Eshel in 2025 and currently has 30 employees. The company plans to use the new funding to double its team size, with new positions mainly focused on market expansion and AI research. The company charges a fixed fee based on client size and requirements. (Business Insider)
AI infrastructure startup Fireworks AI is in preliminary talks for a new funding round, targeting a valuation of $30 billion to $40 billion, a potential increase of up to 10x from its $4 billion Series C valuation in October 2025. The negotiations are still at an early stage, and the target valuation may change. The company declined to comment, and the report did not disclose the size of the round.Fireworks AI was founded in 2022 by engineers from Meta's open-source AI framework PyTorch team, and provides enterprises with services to customize and deploy open-source models based on their own data. In July 2026, the company announced the completion of a $1.505 billion Series D at a valuation of $17.5 billion, saying its annualized revenue had surpassed $1 billion and its daily token processing volume had grown from 15 trillion at the time of its previous funding round to more than 40 trillion. If the proposed valuation reaches $40 billion, it would be equivalent to roughly 40 times its previously disclosed annualized revenue. (Business Insider)
According to EU-Startups, Zurich-based physical AI startup Enact Intelligence stepped out of stealth mode on October 22, announcing a €26.68 million (approximately $30 million) Pre-Seed funding round, making it one of the largest Pre-Seed financings in Europe to date. This round received investment from redalpine, Notion Capital, and firstminute capital. Angel investors included Mistral founder Arthur Mensch, AMI Labs founder and former Meta Chief AI Scientist Yann LeCun, and Path Robotics founder Andrew Lonsberry. Enact was founded in March 2026, with Founder and CEO Manuel Yves Galliker previously serving as the head of the software team for 1X's humanoid robot NEO and working at the robotics laboratory Physical Intelligence.
Odaily reports: According to Odaily monitoring, an address opened a HYPE short position between 04:18 and 08:17 on October 22, 2026, with a notional opening value of approximately $2.43 million and an average execution price of $81.1299. Its HYPE trading win rate between September 22 and October 22, 2026 was about 86% across 14 rounds; as of 14:29 on October 22, 2026, it held a 30,000 HYPE short position, valued at approximately $2.36 million based on a reference price of $78.711.Address: 0xdafc555a97b358bc09fccf4c0e583c1ec5838b16
Monitoring shows that Polymarket's "Predict.fun FDV above $800M one day after launch" probability has risen to 74%, up 60% in 24 hours.If Predict.fun's governance token has a fully diluted valuation (FDV) above $800 million one day after its launch, this prediction event will resolve to "Yes"; otherwise, it will resolve to "No".The token must be publicly transferable and tradable to be considered officially launched.FDV will be calculated based on the total token supply multiplied by the token price."One day after launch" is defined as 4:00 PM ET on the day following the token's launch.This prediction event will use the most liquid price source as the basis for resolution.If Predict.fun (https://predict.fun/) fails to launch a token before 11:59 PM ET on December 31, 2027, this prediction event will resolve to "No".