News linked to both this project and an event.
According to Sifted, Zurich-based robotics startup Enact Intelligence has announced the closing of a $30 million pre-seed funding round backed by investors including Redalpine, Notion Capital, and Firstminute Capital, making it the largest pre-seed round ever in Switzerland. Yann LeCun and Mistral co-founder Arthur Mensch also participated in the round. The company was co-founded by former employees from 1X and Physical Intelligence, and is dedicated to solving one of the biggest bottlenecks in the robotics field.
JPMorgan estimates that the commercial value of Vera Rubin is approximately 40% higher than that of the leading GB300 system, with compute scaling and premium monetization supporting the annual recurring revenue target. The report maintains an overweight rating and raises the price target from $240 to $500, based on a 20x multiple applied to the 2028 GAAP EPS of $24.41. Current price: $147.79.
Odaily reports: According to people familiar with the matter, as volatility in the data center sector intensifies, DayOne Data Centers is reassessing its US IPO plans and may delay its listing or reduce the offering size. The people said that Singapore-based DayOne has been waiting for the right moment to launch its IPO and is also considering postponing the offering until the market stabilizes. Other options include scaling down the offering to raise $2.5 billion to $3 billion, roughly half of its original target.The people said DayOne is still engaging with potential investors and hopes to move ahead with the listing as soon as market conditions permit. It was previously reported that the company initially considered raising up to $5 billion through an IPO as early as the fourth quarter, targeting a valuation of about $20 billion. The people said discussions are ongoing, DayOne has not made a final decision, and the company may still choose to proceed with the IPO in the coming weeks. DayOne declined to comment.
Odaily reports: Abu Dhabi-based listed esports company NIP Group has announced that it has signed an agreement to acquire Bitcoin mining equipment with a total hashrate of approximately 4.47 EH/s, bringing its total deployed hashrate to approximately 13.85 EH/s. The transaction is valued at up to $27.3 million, and the company will issue up to 247.1 million Class A ordinary shares to the seller.NIP Group expects that once all related equipment is deployed, the mining farm's monthly output will reach approximately 195 BTC, up from its previous target of 160, valued at approximately $16 million at then-current prices. The equipment is already running at hosting facilities and can immediately increase Bitcoin output upon completion of the transaction.NIP Group launched its Bitcoin mining business in July 2025 and has been gradually scaling its hashrate to higher levels. The company said the additional hashrate will serve its digital infrastructure strategy, and it plans to expand into AI, high-performance computing, and gaming applications. (Bitcoin.com News)
ARK Invest has released an update to its open-source Tesla valuation model, projecting that Tesla will be worth approximately $4,400 per share by 2031. A Monte Carlo simulation based on 32 independent variables shows a bear case of around $3,300 per share and a bull case of around $5,000 per share, corresponding to annualized share price gains of 53% and 66%, respectively, with the base case implying an annualized return of approximately 62%.Under the base case, ARK Invest expects Tesla's total revenue to reach approximately $1.45 trillion by 2031, with EBITDA of about $902 billion and a market capitalization of approximately $17.5 trillion.To support the development of its AI and robotics businesses, the model also assumes that Tesla's cumulative AI infrastructure spending will increase from approximately $7 billion at the end of 2025 to approximately $225 billion by the end of 2031. Robotaxi is expected to become Tesla's primary source of value, contributing approximately 80% of enterprise value by 2031. The humanoid robot Optimus will also become an important growth engine, with Tesla's cumulative external sales of Optimus robots reaching approximately 1 million units by 2031, and revenue from robotics-as-a-service (RaaS) and related businesses amounting to approximately $212 billion.However, ARK Invest cautions that these valuations depend on multiple assumptions, including the pace of autonomous driving commercialization, the maturity of robotics technology, profit margins, and capital efficiency. Actual results may differ significantly from these projections. The model is for reference only and does not constitute investment advice.
Brad Gerstner, founder of Altimeter Capital and a key driving force behind the Trump Account program, said that the relevant team is pushing legislation to expand Trump Account eligibility to people under 40 and allow funds to be used for retirement, education, and entrepreneurship. The expansion is expected to cover about 100 million additional people, and related legislation may be introduced in the coming months.Brad Gerstner expects that by the end of 2027, total private donations to Trump Accounts could reach $100 billion. Previously, Elon Musk announced plans to gift one SpaceX share to every American child in 2027, with the total value estimated at nearly $11 billion based on current valuations. The shares will be distributed through the account program.Currently, Trump Accounts are primarily aimed at U.S. citizens under 18. Funds in the accounts will be invested in the stock market, and beneficiaries can use them for education, home purchases, entrepreneurship, and other purposes after turning 18. However, the plan to expand eligibility still awaits legislative progress. (New York Post)
Hyperliquid News posted on X that the Hyperliquid Policy Center is calling on the U.S. Securities and Exchange Commission (SEC) to exclude airdrops from the definition of securities.Its specific arguments include: codifying into rule the position the SEC proposed in March 2026 that free airdrops do not constitute a "money investment" and therefore are not investment contracts; extending this rule to announced airdrops, including periodic or recurring distributions, provided that the network is already operational, eligibility is based on usage or contribution (trading, validating, providing liquidity, governance), and the airdrop is not a means of fundraising. The Hyperliquid Policy Center holds that investment requires tangible and identifiable consideration, and that airdrops are rewards rather than investments; claim processes such as connecting a wallet, signing, paying gas fees, completing KYC/AML, or accepting terms of service should not be deemed consideration. Additionally, the rule should apply retroactively to past airdrops or cover Hyperliquid's native airdrop.
According to Sina Finance, OpenAI is accelerating a fundraising round of approximately $30 billion, targeting a valuation that could surpass $1.4 trillion, and aims to secure investor commitments ahead of competitor Anthropic's expected mid-November IPO. Existing investors such as SoftBank Group and Abu Dhabi-based MGX are currently in talks to participate. OpenAI informed investors that following the launch of the GPT-6 Astra model, its annualized revenue has hit $50 billion and is projected to reach $70 billion by the end of the year. The company has also reduced prices for its lower-cost models to drive adoption, noting that further price cuts are possible. Insiders stated that OpenAI intends to close the financing before Anthropic releases its financial data to prevent investors from comparing the two firms directly. OpenAI accounts for revenue on a net basis and has previously accused Anthropic of recognizing all contract sales made through third-party cloud providers as revenue, thereby artificially inflating its top line. Furthermore, OpenAI raised $122 billion in March this year at a post-money valuation of $852 billion, including a committed investment from Amazon of up to $50 billion. If weakening IPO market conditions force a delay of its planned 2027 listing, this capital will additionally be deployed to fund its extensive infrastructure buildout and bolster its balance sheet.
Recently, Tesla submitted an annual disclosure filing to the U.S. Securities and Exchange Commission (SEC), officially announcing that CEO Elon Musk's total compensation for 2025 was $158.359 billion (approximately 1.07 trillion yuan), all granted in the form of stock awards. The compensation consists of two parts: a $132.3 billion 2025 long-term performance stock award, plus a $26.06 billion temporary transition award, of which the transition award was subsequently voided. The combined book-value total of the two is $158.359 billion. If this astronomical book figure is converted based on 8,760 hours in a year, it equates to Musk earning $18.08 million per hour, approximately 120 million yuan.However, it should be made clear that $158.359 billion is not cash that Musk has taken home; it is merely the accounting fair value estimate of Tesla's 2025 CEO performance award plan at the grant date.At the same time, Tesla explicitly stated in the filing that in fiscal year 2025, Tesla did not meet the market capitalization and operating performance targets corresponding to this incentive plan. Therefore, Musk's actual take-home income for the full year of 2025 was zero—no cash income, and no equity was unlocked. The relevant shares are currently in a locked state. (Bianniu Shi)
Odaily reports: Goldman Sachs CEO David Solomon said during the October 13 earnings call that tokenization is becoming an important trend spanning multiple asset classes and could bring more products, clients, and business. The bank has already tokenized bonds, money market funds, and real estate for some clients.DeFi, prediction markets, and automated trading are also under discussion, but Goldman Sachs has not announced related specific products. Solomon said blockchain-related activity remains relatively small in scale at present.Goldman Sachs uses its proprietary GS DAP platform to provide blockchain-based financial asset infrastructure and participated in the tokenization service launched by the Depository Trust & Clearing Corporation (DTCC) in July, and is evaluating scalable applications. Solomon said tokenization can reduce costs, automate processes, and improve liquidity across asset classes.Solomon said Goldman Sachs supports the passage of the CLARITY Act, despite reservations about some provisions, and is participating in discussions with regulators on market rules. The bank reported third-quarter net revenue of $18.68 billion, with equities business revenue up 72% year-over-year to $6.4 billion. (Bitcoin.com News)
Odaily News: Spout Finance announced the completion of a $2 million strategic funding round, with participation from Draper Dragon, Anchorage, Flow Traders, Vessel Capital, Solayer, 2Square, and Bering Waters Group, among others, as well as strategic support from Solana Labs. The project's main business is providing Solana-based DeFi lending services, enabling users to borrow stablecoins such as USDC using their tokenized US stocks as collateral, without paying interest.
According to TechFlow, a Morgan Stanley research report dated October 13, 2026 shows that for the week ended October 9, U.S. internet stocks rose by approximately 2% on a market-cap weighted basis. The sector's forward 12-month EV/EBITDA stands at approximately 12.6x, representing a discount of roughly 7% and 16% against the five-year and ten-year averages, respectively. Morgan Stanley rates the North American internet sector as "attractive," although valuations among top companies remain inconsistent. Amazon and Meta trade at approximately 13% and 10% below their respective two-year averages, while Alphabet trades at a premium of about 4%. The report further estimates that treating stock-based compensation as cash expenses leads to median increases in expected 2026 EV/EBITDA of approximately 26% for e-commerce companies and 38% for digital media companies, indicating that equity compensation costs significantly influence valuation outcomes.
Odaily News: 21Shares has launched a synthetic exchange-traded product (ETP) based on Anthropic's valuation on the Vienna Stock Exchange, with ticker symbol CLAU, providing investors with unleveraged exposure to Anthropic's pre-IPO valuation.The ETP does not represent direct ownership of Anthropic shares, whether before the company's listing or after the IPO is completed. Its return exposure comes from a Total Return Swap that tracks a reference rate constructed by Kaiko, which is based on Anthropic perpetual futures prices on Binance.21Shares stated that the product is designed to allow investors to participate in the valuation changes of private AI companies through traditional financial market instruments, providing a new investment channel for high-growth technology companies that have not yet gone public.
According to the Canton website, Derivnex announced the completion of the first over-the-counter (OTC) swap trade on the Canton network with DRW and Marex, as well as the first on-chain derivatives trade referencing the S&P Dow Jones Indices iBoxx USD Investment Grade Index, with index tokenization handled by Kaiko. Recorded on-chain via smart contracts, this trade enables DRW and Marex to perform valuation management and lifecycle event processing based on a single shared ledger, effectively replacing the inefficient model of traditional OTC derivatives markets that relies on multiple systems, bilateral communication, and continuous reconciliation. Derivnex employs the industry-standard Common Domain Model (CDM) to create standardized digital representations of derivative trades.
Morgan Stanley notes that the memory super cycle is real, but the market continues to price based on the old cycle, failing to reflect full valuation multiples. Memory stocks have already rallied 9-fold since the cycle's inception, amid moderating earnings revision breadth. The firm recommends overweighting the AI compute and networking supply chains, taking a selective approach to memory with a preference for Samsung, SK Hynix, and Kioxia.
Odaily News: Venture investor Alex Lazarow wrote that over the past two years, Stripe, Mastercard, and Circle respectively acquired U.S. stablecoin infrastructure company Bridge, UK stablecoin infrastructure company BVNK, and Singapore-based cross-border payment platform Tazapay, with the three deals totaling over $3 billion in value. Stripe announced in 2024 that it would acquire Bridge for slightly more than $1 billion; Mastercard's acquisition of BVNK was valued at up to $1.8 billion, including $1.5 billion in base consideration and $300 million in contingent consideration; Circle agreed to acquire Tazapay for $400 million in stock, with the deal expected to close in 2027. Bridge, BVNK, and Tazapay were founded between 2020 and 2022 and had raised approximately $200 million in cumulative funding. Growing stablecoin adoption, an increasingly clear regulatory framework, and rising demand for real-time cross-border payments are the main factors driving the related M&A activity. In 2025, stablecoin adjusted transaction volume grew 91% year-over-year to $10.9 trillion, approaching Visa's $14.2 trillion; real-world payment volume more than doubled to approximately $390 billion.
Odaily Report: Bonk Guy posted on X platform stating that he is long-term bullish on USELESS becoming the next-generation representative Meme coin similar to DOGE and PEPE, mainly based on the token's trading data performance. USELESS's trading volume on Coinbase has surpassed DOGE, its trading volume on European exchange Bitvavo is close to 3 times that of DOGE, and its trading volume on Kraken is also approaching DOGE.Meanwhile, Bonk Guy stated that apart from USELESS and DOGE, no other Meme coins appear among the top 50 crypto assets by trading volume on the aforementioned three exchanges. USELESS currently has a market cap of approximately $186 million, while DOGE has a market cap of approximately $13.4 billion, a difference of about 72x between the two. Bonk Guy believes that USELESS continues to demonstrate trading activity and liquidity approaching DOGE on multiple mainstream trading platforms, but there remains a significant valuation gap.
Ostium has released an update on the design of its Phase II Loss Compensation Plan for Liquidity Providers (OLP). Designed for users with losses exceeding 1,000 USDC who did not select the Convenience Allocation, the plan offers two compensation mechanisms: Default Option A (USDC Installment Repayment): Funding sources include funds already recovered and those to be recovered in the future (distributed proportionally after deducting the Phase I portion), specific revenue shares from the Ostium protocol and Gateway income (initially set at 50% of Ostium's opening position fees), and potential partner incentives or revenue sharing. 2. Optional Option B (Ostium Labs Equity Conversion): Eligible users complying with securities regulations may, in the next priced funding round, convert a portion of their outstanding losses into Ostium Labs equity based on that round's valuation. The share class will align with that of the team, and a fully diluted cap is established for the total ownership percentage of participating users.
Ansem (@blknoiz06) tweeted that as AI continues to expand, the value of culture and collective belief will become increasingly prominent. He believes that if quantum risk poses a substantial threat to Bitcoin, Zcash could see a higher valuation driven by its privacy and store-of-value narrative; he also agrees with Murad’s broader take on memecoins—in a world where AI commoditizes intelligence, cultural assets that people truly believe in may command a massive premium, despite the extremely low likelihood of pure memecoins flipping Bitcoin.
Odaily News: The Cardano Foundation has announced the spin-off of its digital identity project Veridian into an independent company, with its shares tokenized based on CIP-0113, a newly launched programmable token standard on the Cardano blockchain.It is reported that Veridian becomes the first company to adopt Cardano's programmable token standard for equity tokenization. Frederik Gregaard, CEO of the Cardano Foundation and Chairman of Veridian, stated that the company has issued a total of 1 million shares, with the majority already tokenized. However, these tokenized shares are not currently available for public sale.Headquartered in Switzerland, Veridian aims to provide digital identity verification tools for governments, enterprises, and AI agents, helping users prove their identity and verify online behavior. The company is led by Thomas A. Mayfield, a blockchain engineer who previously oversaw decentralized trust and identity solutions at the Cardano Foundation, and plans to seek strategic investors in 2027. (CoinDesk)