News linked to both this project and an event.
QCP stated that credit risk related to AI infrastructure is undergoing accelerated repricing. The yield on CoreWeave bonds has risen to approximately 15% year-to-date, and its stock price fell 10% on October 22 as markets begin to reassess high financing costs and debt sustainability. This pressure has spread from CoreWeave to the broader neocloud infrastructure sector, weighing on tech stocks and crypto assets while driving funds toward long-term US Treasuries.
Alliance General Partner Imran recently posted on X, sharing his views on a16z crypto's shift toward frontier technology sectors. He noted that a16z provided early endorsement for the crypto industry when Chris Dixon led Coinbase's investment in 2013; Marc Andreessen's 2014 New York Times op-ed "Why Bitcoin Matters" was a key factor that prompted him to transition into the Bitcoin industry. At the time, very few institutions and funds were willing to publicly support crypto, and a16z and USV were the two that took on brand risk.Imran believes that the current development of AI infrastructure has benefited considerably from Bitcoin mining infrastructure and talent flowing from crypto to AI. Shifting toward frontier tech such as robotics, biology, AI, energy, and compute means that the talent and capabilities accumulated in the crypto industry over the past decade can be used to build the entire frontier tech sector. Citing data centers as an example, he noted that public and government resistance to data centers is growing, much like earlier resistance to crypto—yet today nearly all traditional financial institutions have embraced crypto to some extent.
According to Crypto Briefing, Thailand's Securities and Exchange Commission (SEC) stated that it has not yet received any formal applications for spot cryptocurrency ETFs, though multiple asset management firms have already submitted inquiries regarding spot Bitcoin and Ethereum products. The regulator declined to disclose potential issuers or establish a listing timeline, noting that it cannot confirm whether the inaugural Thai crypto ETFs will launch in 2026. On October 8, Thailand's SEC finalized 11 related notices, establishing a new regulatory framework that took effect on October 16. Under the rules, licensed asset management firms may create passive ETFs tracking a single eligible asset—currently restricted to Bitcoin and Ethereum—maintaining an annual average net exposure of no less than 80%. These products may only be listed and traded on the Stock Exchange of Thailand and must utilize SEC-approved digital asset custodians. Investors are required to complete risk education and formally acknowledge associated risks prior to purchase, while brokerages are barred from offering margin trading or securities lending for these funds. Thai mutual funds and private funds may allocate to domestic crypto ETFs within their existing investment limits. Previously, access to such exposure was only possible through overseas ETFs and was strictly limited to institutional and ultra-high-net-worth investors.
Odaily Report: Fidelity Digital Assets research analyst Zack Wainwright noted in an analysis published on October 20 that preferred stock financing oriented toward Bitcoin could attract capital from the approximately $15 trillion global fixed income market. Fidelity estimates that the size of this type of preferred stock is approximately $12 billion.As of October 5, preferred stock financing has supported the purchase of 135,979 BTC, of which more than 95,000 were purchased between March and May. Fidelity estimates that nearly 96% of Bitcoin's maximum supply has been issued, and the next halving is expected in less than two years.Bitcoin treasury company Strive Inc. completed a 15% Series A Perpetual SATS Preferred Stock offering on October 20, selling 7 million shares at $90 per share for total proceeds of $630 million; the dividend rate is calculated on a $100 par value and is 15% annualized.Bitcoin treasury company Strategy Inc. disclosed that it holds 848,517 BTC and purchased 267 BTC the previous week for $22.1 million, using proceeds from common stock issuance and cash. Fidelity noted that the performance of related instruments is affected by both Bitcoin and the issuing company. (Bitcoin.com News)
Strive announced the completion of a $630 million financing through the issuance of preferred stock. The newly issued SATS shares are priced at $90 with a par value of $100, carrying an annualized dividend yield of 15%, translating to an actual yield of nearly 16.7%; daily cash dividend payments are scheduled to begin on November 9, subject to board approval. Between October 12 and 16, Strive also purchased 4,045 BTC, bringing its total Bitcoin holdings to 36,818 BTC. ASST closed up over 13% on Wednesday at $30.75, marking its third consecutive trading day of gains.
Odaily report: As the financing models of Bitcoin treasury companies Strategy and Strive come under pressure, related companies are attracting investors by offering higher-yield preferred stock to sustain their crypto asset accumulation strategies. Strategy's STRC preferred stock, which carries a 12% annualized dividend rate, has not been issued again since its price decline in June. The company is now seeking to promote daily dividend payments and continues to raise funds by issuing additional common stock to buy Bitcoin, resulting in equity dilution for existing shareholders.Bitcoin treasury company Strive disclosed that it has completed a $630 million preferred stock offering, with the fundraising scale about 25% higher than initially planned. The preferred stock carries a nominal annualized yield of 15% and was issued at a discount, with an effective yield of nearly 17%, far exceeding the yield on one-year high-grade U.S. Treasury bonds and approaching the returns on distressed debt. (Bloomberg)
Odaily reports: Crypto researcher Stacy Muur has compiled a list of 82 digital asset projects and protocols said to have shut down in 2026, including Balancer, Radiant Capital, Neon EVM, Step Finance, and others, spanning DeFi, blockchain infrastructure, and Web3 gaming.The shutdowns were driven by declining revenue, exhausted funding, and security incidents. Earlier this year, Bitcoin's price briefly fell below $60,000, retreating from an all-time high of over $126,000 in October 2025, adding financial pressure on projects.When Ethereum Layer 2 network Blast announced its shutdown, it stated that the project had no "credible path to economic viability." Step Finance shut down following a major treasury exploit, while Radiant Capital announced the end of operations after failing to recover from a 2024 exploit.An August study by DeFiLlama showed that 100 crypto projects had announced shutdowns in 2026, 40 of which occurred in the preceding 90 days; the most common reason was product-market mismatch, followed by exhausted funding, insufficient revenue, and pivots to other products. The projects involved raised a combined total of approximately $1 billion and generated $250 million in cumulative fees, with 9 individual projects each raising over $50 million. (Cointelegraph)
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)
Odaily reports: Optimum has announced that its block propagation software mump2p has officially launched on the Ethereum mainnet. ether.fi previously offered the software as an optional feature, but has now mandated its adoption across all 12 of its node operators. Currently, a total of 16 node operators are running mump2p in production environments, collectively managing approximately 22,000 validator keys and over 1.4 million staked ETH, accounting for more than 3% of Ethereum's total staked supply. Partners include Blockdaemon, Everstake, P2P.org, Stakefish, and Bitcoin Suisse.mump2p operates as a sidecar gateway, rather than replacing Ethereum's default GossipSub, it layers on top of libp2p and uses random linear network coding technology. Optimum claims that mump2p achieves block arrival speeds 2.42 times faster than GossipSub, with arrival time variance reduced by approximately 7.88 times. Optimum is led by MIT professor Muriel Médard and launched its private testnet in June 2025. The company previously completed an $11 million seed round led by 1kx and plans to expand to other high-throughput blockchains beyond Ethereum.
Bitcoin Treasuries posted that Strive (ASST) is pushing for the second spot on the Bitcoin treasury rankings, with a funding round of $700 million that was 2x oversubscribed. As of now, cumulative Bitcoin treasury holdings have reached 36,818 BTC. SATS has begun trading. @GrafYves, @TheOtherParker_, and @TylerCompiler will provide analysis on this, and the discussion also touches on whether STRC has a pricing discrepancy relative to SATA.
Bitcoin Treasuries posted on X platform stating that Strategy's Michael Saylor said Strategy could become a company valued at $1 trillion with digital credit as its core business. Saylor stated that Strategy's future depends on converting Bitcoin capital into credit; if the credit business performs well, the company's equity performance will outperform Bitcoin. Digital credit is the product, and equity is the byproduct; if the credit business operates well, the company should trade at a premium.
According to Cointelegraph, Bitwise Head of Research Ryan Rasmussen stated that overall bitcoin purchasing by treasury companies slowed in Q3 2026. Strategy net acquired 1,666 BTC during the quarter, down from 83,901 BTC in Q2, while other listed companies net acquired 5,617 BTC, down from 45,725 BTC in the previous quarter. He expects corporate bitcoin buying to accelerate again as early as this year. Bitfinex Head of Derivatives Jag Kooner noted that if the premium of treasury companies' stock prices over their bitcoin holdings recovers, it may reignite equity-funded bitcoin purchases, but “a return to the indiscriminate funding frenzy of last year is unlikely,” with capital flowing preferentially to mature companies that possess scale, liquidity, and an established track record.
Odaily reports: Metaplanet founder and CEO Simon Gerovich announced that the transaction between Metaplanet and Nasdaq-listed company Super League Enterprise (ticker: SLE) has been approved by the company's shareholders' meeting. Metaplanet will inject 2,100 BTC and $2.5 million in cash into SLE, with a total value of approximately $134.6 million, in exchange for controlling stake. As consideration for the transaction, Metaplanet will receive approximately 44.86 million newly issued shares of SLE common stock, preferred stock, and warrants, with the common stock issuance price set at $3 per share. Upon completion of the transaction, Metaplanet will hold approximately 95.7% of SLE's issued common stock and become its controlling shareholder. After the transaction is completed, SLE will serve as Metaplanet's U.S.-listed Bitcoin treasury platform, helping it access U.S. capital markets and expand its financing capabilities. Combined with Metaplanet Securities established in Japan, the transaction will enable Metaplanet to form complementary platforms in the two major capital markets of the United States and Japan, and further advance its business layout in areas such as Bitcoin treasury, financial services, financial products, and asset management.
According to Binance Research’s weekly report, U.S. CPI rose to 3.7% in September, with energy accounting for more than one-third, while YoY PPI climbed to 6.3%. Based on the EIA oil price trajectory, headline CPI could peak at approximately 3.9% in October before declining to roughly 2.6% by March 2027. In the AI sector, Anthropic’s Q3 revenue grew 45% quarter-on-quarter, significantly below the previously observed rate of more than doubling. Its Binance Pre-IPO contracts dropped 8.8% over two trading days, while yields on CoreWeave’s 2032-maturing bonds rose to approximately 16%. Binance Research stated that cooling AI demand and rising financing costs are simultaneously impacting AI infrastructure transactions.
Matt Cole, CEO of Bitcoin treasury company Strive, stated on X that the long-term trend of currency debasement will continue to drive the appreciation of scarce assets. As digital gold, Bitcoin is still in its early stages, and as the market gradually matures, its long-term performance is expected to surpass gold.Cole noted that over the past 55 years, gold's compound annual growth rate has exceeded the growth rate of the U.S. M2 money supply in multiple periods. Since 1970, these rates were 9.0% and 6.7% respectively; since the global financial crisis, 9.5% and 6.3% respectively; and since the COVID-19 pandemic, 18.3% and 6.5% respectively.Cole believes that as the debt crisis continues to worsen, the long-term excess performance of scarce assets relative to the U.S. dollar may further expand. For Strive, the key to determining whether it can outperform Bitcoin lies in maintaining a high Bitcoin exposure multiplier and sufficient liquidity, rather than simply reducing financing costs.He emphasized that establishing and sustaining high Bitcoin exposure over the long term while avoiding financial risk is extremely challenging, and the market still underestimates Strive's competitive advantages in Bitcoin exposure amplification capability and liquidity management. Its core investment philosophy is to reduce U.S. dollar exposure and increase Bitcoin allocation over the long term.
Odaily Sees: Bitcoin News posted on X that Strive, after weeks of sustained buying, reportedly holds 35,600 BTC and has drawn attention from Wall Street. TD Cowen raised its price target on Strive's stock from $44 to $56 on October 16. Strive priced an offering of 7 million preferred shares at $90 per share, raising approximately $630 million in gross proceeds (before fees); this approach avoids immediate dilution of common stock but requires dividend payments. Strive's stock fell 6.1% on Friday, in sync with Strategy.
Cryptocurrency analyst Darkfost stated in a post that after Bitcoin encountered resistance around $87,000, the MVRV metric fell below the historical 30th percentile (25.7%), indicating that the market has reentered a transitional phase following capitulation selling. Darkfost further pointed out that this indicator does not simply measure the ratio of Bitcoin's market capitalization to its realized market capitalization, but instead compares current MVRV levels against their historical context. The current valuation level accounts for only about 25% of historical time, which still aligns with the characteristics of a market accumulation phase. However, Bitcoin has now moved out of the extremely undervalued range, which has historically coincided with market bottoms.
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 reports: BitMEX co-founder Arthur Hayes said on the Convergence program on October 16 that OpenAI, Anthropic, and SpaceX are all unprofitable, and that AI model companies rely on debt financing, equity financing, and implicit support from the U.S. government.The Nasdaq 100 index fell 2.5%, and chip stocks declined for an eighth consecutive day, marking the longest losing streak since 2008. On October 17, Bitcoin's price was close to $81,400. A Bank of America analyst said the $1 trillion AI investment boom may follow a typical boom-and-bust cycle.Hayes believes that the bigger the AI bubble, the larger the subsequent bailout will be, and the higher Bitcoin's price will go. He also said Bitcoin can reflect wasted capital. He also criticized token issuance methods, saying that retail investors who bought at TGE and then suffered a 95% drop were the ones who got hurt. (Bitcoin.com News)
Odaily reports: U.S. District Judge Alvin Hellerstein on October 15, 2026, declined to vacate the $5 million settlement agreement between crypto exchange Gemini and the U.S. Commodity Futures Trading Commission (CFTC), leaving the paid fine and permanent injunction in effect. Previously, the CFTC had stated that the original lawsuit should never have been brought.The dispute stemmed from Gemini's involvement in proposed Bitcoin futures contracts. The CFTC filed suit in June 2022, alleging that Gemini misled regulators regarding trading safeguards, customer financing, special fee arrangements, and activities that could potentially affect contract pricing; the two parties settled in January 2025, with Gemini neither admitting nor denying the allegations.In May 2026, following an internal review, the CFTC and Gemini jointly sought to vacate the settlement, citing issues with whistleblower credibility, evidence, and enforcement practices. The judge found that the relevant circumstances had existed prior to the settlement and that a change in enforcement priorities was insufficient to vacate a binding court order; the CFTC retains its enforcement discretion. (Bitcoin.com News)