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FORT Robotics Secures Additional Approximately $20 Million Investment Commitment from Tiger Global and Others, Plans to List on NASDAQ Through a SPAC Merger
According to an official press release from FORT Robotics, physical AI security platform FORT Robotics announced on October 22 that it secured approximately $20 million in new investment commitments from existing investors. Tiger Global led approximately $10 million of the financing round, with Mark Cuban Companies participating, and the closing is expected to take place within this week. Tiger Global also committed an additional $10 million to the PIPE (private investment in public equity) transaction scheduled to close concurrently with the merger. Including previously announced PIPE commitments, the total committed capital for FORT’s proposed business combination with Newbury Street II Acquisition Corp. (NASDAQ: NTWO) has exceeded $50 million. Following the completion of the merger, the company will be renamed FORT Robotics Holdings, Inc., and plans to list on NASDAQ under the ticker symbol “FROB,” pending regulatory approval.
BNY Mellon and Castle Securities Complete Tokenized U.S. Treasury Triparty Repo Transaction
According to an official announcement, Bank of New York Mellon (BNY) and Citadel Securities have completed a tri-party repo process using tokenized U.S. Treasuries, marking the first use of tokenized assets on a major tri-party platform. In the transaction, a two-year U.S. Treasury bond purchased by Citadel Securities was recorded as a tokenized security on BNY’s private distributed ledger and settled within minutes, breaking the traditional T+1 settlement cycle. Subsequently, the tokenized Treasury was used as collateral for an overnight tri-party repo, with BNY providing the corresponding funding. BNY stated that it plans to launch digital cash and tokenized deposit features in the future to support institutional clients in conducting on-chain settlement and financing activities, and intends to extend operating hours for its traditional settlement platforms.
Vest Labs Completes $13 Million Seed Round, Led by Portal Ventures
Odaily News: Vest Labs has announced the completion of a $13 million seed round led by Portal Ventures, with participation from executives of Citadel Securities, BlackRock, and KKR investing in their personal capacities. The company did not disclose its post-funding valuation. Vest Labs primarily provides eligible traders with the ability to trade perpetual contracts around the clock in real markets using the company's capital, with traders allowed to keep up to 80% of profits. The funding will be used to develop a mobile app, expand the current 22-person team, and increase the variety of assets available for round-the-clock trading. As of late September, approximately 26% of the platform's roughly 27,000 traders had received cash payouts, with monthly active traders and trading volume both growing over 300% month-over-month.
BIS Warns: Beware of High Leverage Amid the AI Frenzy
Odaily reports: In its latest quarterly assessment, the Bank for International Settlements (BIS), known as the "central bank of central banks," issued a warning that alongside the rapid rise in leverage and the growing opacity of underlying debt structures, the financial vulnerabilities underpinning this round of exuberance are intensifying.This risk warning is not unfounded. In July of this year, the Situational Awareness fund, helmed by Leopold Aschenbrenner, staged a harrowing episode. The fund had placed heavy bets on the AI sector, but a sharp drop in the valuation of its underlying assets triggered a wave of margin calls from banks, ultimately forcing it to urgently transfer the core holdings of its public market equity portfolio to Ken Griffin's Citadel in order to barely survive the liquidity crisis.In the BIS's view, this incident is a typical microcosm of leveraged hedge funds becoming deeply entangled in core markets. Frank Smets, Head of Economic Analysis and Statistics at the BIS, pointed out that cross-market leverage is concerning, as it can easily amplify normal market fluctuations into severe systemic shocks. The near-miss of AI-themed hedge funds has once again laid this risk bare.
Citadel Securities Calls for US SEC Regulation of Event Contracts Tied to U.S. Stocks
Citadel Securities has submitted comments to U.S. regulators, urging the Securities and Exchange Commission (SEC) to oversee event contracts tied to U.S. publicly traded companies. The market maker argued that trading platforms should not evade the SEC's regulatory jurisdiction by obtaining self-certification from the Commodity Futures Trading Commission (CFTC). The battle over regulatory authority for event contracts continues to intensify. While some U.S. prediction markets are currently offering such contracts under the CFTC framework, the regulatory dividing line between the SEC and CFTC is becoming a key focus for the market as event contracts increasingly encompass financial assets like equities.
Robinhood Partners with Crypto.com on Prediction Market Deal
Odaily News: Robinhood has reached an agreement with Crypto.com to further expand its prediction market business. Under the agreement, Robinhood will list event contracts provided by OG.com, Crypto.com's prediction market platform, and will take a minority stake in both Crypto.com and OG.com.Following an investment from Citadel Securities in July this year, OG.com's valuation has reached approximately $5 billion. (WSJ)
FORT Robotics Secures Additional Approximately $20 Million Investment Commitment from Tiger Global and Others, Plans to List on NASDAQ Through a SPAC Merger
According to an official press release from FORT Robotics, physical AI security platform FORT Robotics announced on October 22 that it secured approximately $20 million in new investment commitments from existing investors. Tiger Global led approximately $10 million of the financing round, with Mark Cuban Companies participating, and the closing is expected to take place within this week. Tiger Global also committed an additional $10 million to the PIPE (private investment in public equity) transaction scheduled to close concurrently with the merger. Including previously announced PIPE commitments, the total committed capital for FORT’s proposed business combination with Newbury Street II Acquisition Corp. (NASDAQ: NTWO) has exceeded $50 million. Following the completion of the merger, the company will be renamed FORT Robotics Holdings, Inc., and plans to list on NASDAQ under the ticker symbol “FROB,” pending regulatory approval.
Citadel Securities Calls for US SEC Regulation of Event Contracts Tied to U.S. Stocks
Citadel Securities has submitted comments to U.S. regulators, urging the Securities and Exchange Commission (SEC) to oversee event contracts tied to U.S. publicly traded companies. The market maker argued that trading platforms should not evade the SEC's regulatory jurisdiction by obtaining self-certification from the Commodity Futures Trading Commission (CFTC). The battle over regulatory authority for event contracts continues to intensify. While some U.S. prediction markets are currently offering such contracts under the CFTC framework, the regulatory dividing line between the SEC and CFTC is becoming a key focus for the market as event contracts increasingly encompass financial assets like equities.
JPMorgan and Citadel Securities Both Warn: Stay Cautious Ahead of Nonfarm Payrolls, Advise Investors to Hedge Downside Risk in Advance
Odaily News JPMorgan and Citadel Securities have both issued short-term warnings, advising investors to remain cautious ahead of the upcoming period of dense macro data releases and the Federal Reserve policy meeting, and to utilize option prices currently at yearly lows to strengthen downside risk hedging.After Fed Chair Warsh delivered a clear signal in his highly anticipated speech on August 28, emphasizing that U.S. inflation has not shown any substantial slowdown, the trading team led by JPMorgan's Head of U.S. Market Intelligence, Andrew Tyler, decided to abandon their bullish stance ahead of the September 16 Fed policy decision. Although they expect economic data and corporate earnings to continue providing support, they have downgraded their view on U.S. equities to tactically cautious.Scott Rubner, Head of Equity and Equity Derivatives Strategy at Citadel Securities, noted that retail investor buying activity in September, as tracked by his firm, has been the weakest of the year since 2019. On days when the S&P 500 index declines, average net retail buying volume is only about half of normal levels. (Bloomberg)
SEC Probes Collapse of AI Hedge Fund Situational Awareness
According to Reuters, the U.S. SEC is investigating AI hedge fund Situational Awareness's trading activities and high-leverage positions during the market turmoil in July, and has issued subpoenas to Wall Street banks including Goldman Sachs, JPMorgan, Citigroup, and Bank of America, requiring them to provide information related to the fund's trades and financing. Situational Awareness was founded by former OpenAI researcher Leopold Aschenbrenner, who previously worked at FTX Future Fund, with assets under management briefly exceeding $20 billion. In July, the fund suffered a monthly loss of approximately 67% due to declines in AI and chip stocks, and was subsequently forced to sell most of its public equity portfolio to Citadel.
SEC Investigates AI Fund Situational Awareness Over Discounted Liquidation Incident
The U.S. SEC is investigating the near-collapse of AI hedge fund Situational Awareness and has issued subpoenas to related Wall Street banks. The fund previously managed over $30 billion in assets and was recently forced to liquidate its positions at a discount to Citadel due to market volatility.
Stanley Druckenmiller Buys $87.8 Million in Bitdeer and Hyperliquid Strategies Shares
Odaily News: Duquesne Family Office founder Stanley Druckenmiller purchased 4.1 million shares of high-performance computing company Bitdeer Technologies Group (BTDR) in the second quarter, with a position value exceeding $64.7 million and an average purchase price of $12.26. The company produces cryptocurrency mining hardware and operates data centers in the United States and other regions.Additionally, Druckenmiller bought 2.9 million shares of Hyperliquid Strategies (PURR), a digital asset treasury company in the HYPE sector, with a position value of $23.1 million, gaining indirect exposure to HYPE. Hyperliquid Strategies aims to provide U.S. and institutional investors with investment channels related to the HYPE token.Druckenmiller's moves are similar to concurrent increases in BTDR positions by Jane Street and Citadel, with Jane Street currently holding over $112 million worth of BTDR shares. BlackRock, State Street, and Citadel also increased their PURR holdings in the second quarter; HYPE previously hit an all-time high following related compliance progress news. (Bitcoin.com News)
Uniswap Founder Hayden: Correlated Trading Pairs Will Drive AMMs into Global Financial Markets
Odaily News Uniswap founder Hayden said on X that correlated trading pairs are emerging. The top five tokenized SPY trading pairs by volume are "bridge" pairs connecting other common base pairs, which then primarily link to highly correlated tokenized stocks. These markets are global, programmable, low-cost, and operate 24/7.Uniswap founder Hayden said on X:.I've been working at the frontier of DeFi for 9 years. It's a fascinating field with infinite depth and the potential to transform capital markets.I've always believed AMMs hold immense potential, but for the past decade, one question has persisted: Can this novel market structure truly become the core engine for all financial markets?After years of evolution and development, the path for AMMs to achieve global dominance is becoming increasingly clear. To explain this, we need to start in 1976.Tokenization Changes Market Makers.Index funds celebrated their 50th anniversary this month. When Jack Bogle launched the index fund in 1976, he hoped to raise $150 million but ultimately raised only $11.3 million. Competitors called it "Bogle's Folly," posting posters claiming index funds were un-American. They argued that a fund making no decisions couldn't possibly beat professionals paid to make decisions. Today, the majority of US fund assets are allocated to passive investment vehicles.I've been thinking about this recently because tokenization's "folly moment" is ending. The SEC has approved NASDAQ and the NYSE to trade tokenized stocks. DTCC, which handles virtually all US securities settlement, also conducted a live pilot of tokenized trades in July. Nearly all related activity is described the same way: treating tokenization as an infrastructure upgrade.The same markets, faster, cheaper, and always open. These statements are all true, but I believe the infrastructure upgrade framework obscures a larger change. Tokenization makes markets programmable, changing how markets exist, who makes markets, and what is traded.In 2018, I created Uniswap, an automated market maker protocol. Anyone can deposit two assets into a shared liquidity pool and earn fees from every trade, while prices adjust along a curve as users buy and sell. Uniswap has operated autonomously since its launch, processing over $4.6 trillion in cumulative volume and increasing DEX spot volume share from under 1% to over 20%.As AMMs like Uniswap continue to evolve, their liquidity has formed a pattern most financial markets haven't noticed yet: correlated trading pairs.The Easiest Place to Find Success.To succeed everywhere, you must first succeed somewhere. AMMs found product-market fit in long-tail markets because most assets previously couldn't attract professional market makers' attention. On Uniswap, anyone can create a market with a single transaction, and issuers and early supporters can become the first liquidity providers.Then came stablecoin pairs. Take USDC/USDT, for example. A good passive strategy can approach optimal l
SEC Investigates AI Fund Situational Awareness Over Discounted Liquidation Incident
The U.S. SEC is investigating the near-collapse of AI hedge fund Situational Awareness and has issued subpoenas to related Wall Street banks. The fund previously managed over $30 billion in assets and was recently forced to liquidate its positions at a discount to Citadel due to market volatility.
AI fund Situational Awareness drawdown drags on Jane Street, with July losses reaching $15 billion
Odaily News: Wall Street quantitative trading giant Jane Street suffered losses of approximately $15 billion in the July market selloff due to its investments in AI-focused hedge fund Situational Awareness and other tech stocks.Sources familiar with the matter revealed that despite the significant drawdown in July, Jane Street's trading revenue this year has already exceeded $40 billion, far surpassing global major banks and other market makers, and exceeding its full-year 2025 trading revenue of $39.6 billion.In an internal memo to employees, Jane Street confirmed that July was a "rough month" for the firm. The company stated that its investment in AI-focused hedge fund Situational Awareness, which had expanded positions due to strong performance in the first half of the year, experienced a sharp drawdown during the AI stock selloff, bringing returns on the related investment back to roughly breakeven for the year, though it remains profitable relative to the initial investment.Situational Awareness, founded by former OpenAI researcher Leopold Aschenbrenner, had drawn market attention for its heavy positions in AI-related stocks. After the sharp correction in the AI sector in July, the fund sold most of its stock positions to Citadel, owned by billionaire Ken Griffin, after triggering margin requirements.Jane Street noted that the losses also stemmed from its long positions in Asian non-AI stocks, which had performed strongly earlier this year. The company said many large memory and semiconductor stocks fell approximately 50% in July, causing drawdowns in its previously well-performing trading portfolio. (Reuters)
After a 50% pullback, IBIT still has around 1,500 13F filers
Odaily News: Bloomberg ETF analyst Eric Balchunas posted on X, stating that Paul Tudor Jones has bought IBIT, and noted that institutions such as the UAE sovereign wealth fund, Harvard, Dartmouth, and the Texas pension fund holding IBIT are worth watching. IBIT's 13F filing list still covers approximately 1,500 filers after a 50% pullback. In comparison, he believes that JPM, GS, Jane, and Citadel buying IBIT is not particularly significant.
"AI stock guru" Leopold Aschenbrenner shares wedding photos on X after nearly a year-long hiatus
Odaily News: "AI stock guru" Leopold Aschenbrenner has shared wedding photos on X after a nearly one-year silence.Previously reported, Leopold Aschenbrenner's Situational Awareness fund gained 439% cumulatively before June 2026, but suffered heavy losses during the July AI sector sell-off. Prior to his wedding, he sold most of the fund's equity portfolio to Citadel, the investment firm owned by Ken Griffin.
AI stock selloff hits hedge funds, both Balyasny and Verition post losses last month
Odaily News Multi-strategy hedge funds Balyasny Asset Management and Verition Fund Management both posted losses last month, as the selloff in AI-related stocks rattled markets and weighed on numerous hedge funds. According to sources familiar with the matter, Balyasny fell 1.5% in July, trimming its cumulative return for the first seven months of the year to 1.2%. Another source said Verition declined 1.1%, bringing its year-to-date return to 4.5%. The sources requested anonymity as the performance data is confidential. Meanwhile, some hedge funds managed to profit from the market turmoil. Citadel's flagship fund Wellington rose 5.9% in July, benefiting from taking over positions in Situational Awareness. ExodusPoint Capital Management fell 0.9%, bringing its year-to-date gain to 3.5%. (Bloomberg
Hackers Recently Attack Wall Street Institutions, Asset Management Giants Including Two Sigma, Citadel, and Point72 Become Targets
According to insiders, a recent wave of sophisticated cyberattacks has targeted multiple large asset management institutions on Wall Street, with attackers attempting to infiltrate the companies' information systems. Several major global hedge funds have become targets of the attacks, including Two Sigma Investments, Citadel, and Point72 Asset Management. In addition, multiple private equity firms have also been attacked.It is currently unclear who the attackers are, how the attacks were carried out, or whether sensitive data has been compromised. The insiders requested anonymity as the matter involves non-public information.This incident has once again drawn market attention to cybersecurity risks facing financial institutions. As asset management companies increasingly rely on complex information systems, algorithmic trading, and cloud infrastructure, the financial industry is becoming a key focus for cyber attackers. (Bloomberg)
Citadel Securities Sues Former Employee for Over $7.9 Million Over Crypto Startup
Citadel Securities has filed a lawsuit in London, seeking over £6 million (approximately $7.9 million) from Leonard Lancia, its former European Head of Derivatives Systematic Market Making and co-founder of high-frequency crypto trading firm Portofino Technologies.Citadel Securities alleges that Leonard Lancia and his colleagues began planning their startup while still employed, and has won damages and legal cost support in related labor arbitration. Additionally, Citadel Securities filed a lawsuit against Portofino Technologies in the US in 2023, accusing it of stealing trade secrets. Leonard Lancia and Portofino Technologies have denied all allegations. The High Court in London rejected Leonard Lancia's request to lift the asset freezing order last Friday. (Bloomberg)
Deepsigma Launches DeFi Perpetual Contract Platform Covering 77 Traditional Financial Markets
Odaily News: Decentralized perpetual contract exchange Deepsigma has launched a real-time simulated trading platform covering 77 traditional financial markets, including U.S. stocks, stock indices, commodities, and U.S. Treasury yields. The platform is built on the Cypherium blockchain and is being advanced by a team of alumni from Goldman Sachs, Citadel Securities, Google, and Uber, supporting long and short exposure trading for the relevant assets.Deepsigma's perpetual contracts do not tokenize, custody, or physically deliver the underlying assets; instead, they track prices through external market data sources. The platform currently supports contracts on the S&P 500 Index, Dow Jones Industrial Average, Nasdaq Composite Index, Russell 2000 Index, Cboe Volatility Index, as well as crude oil, gold, silver, natural gas, and copper.The platform's risk engine employs multiple external price sources, mark prices, circuit breakers, partial liquidations, and an insurance fund, and uses a central limit order book and a clearing layer to handle margin, collateral, and settlement. Deepsigma is also developing a zero-knowledge proof-based decentralized identity framework and configuring off-chain AI analytics tools with unfunded execution permissions; the underlying Cypherium adopts a hybrid PoW and HotStuff Byzantine fault-tolerant consensus mechanism and holds 4 U.S. patents. (Bitcoin.com News)
Citadel Securities and BNY Complete a Tokenized U.S. Treasury Repo Transaction
Odaily News: Citadel Securities and Bank of New York Mellon (BNY) have completed a tokenized U.S. Treasury repurchase transaction. Citadel Securities used tokenized two-year U.S. Treasury notes as collateral for an overnight repo transaction, with BNY providing cash.BNY stated that this is the first time tokenized assets have been used on a major tri-party repo platform. The relevant Treasuries were purchased through the Tradeweb platform, and the tokenized version settled within minutes, significantly shorter than the traditional T+1 settlement cycle. (Coin Bureau)
BNY Mellon and Castle Securities Complete Tokenized U.S. Treasury Triparty Repo Transaction
According to an official announcement, Bank of New York Mellon (BNY) and Citadel Securities have completed a tri-party repo process using tokenized U.S. Treasuries, marking the first use of tokenized assets on a major tri-party platform. In the transaction, a two-year U.S. Treasury bond purchased by Citadel Securities was recorded as a tokenized security on BNY’s private distributed ledger and settled within minutes, breaking the traditional T+1 settlement cycle. Subsequently, the tokenized Treasury was used as collateral for an overnight tri-party repo, with BNY providing the corresponding funding. BNY stated that it plans to launch digital cash and tokenized deposit features in the future to support institutional clients in conducting on-chain settlement and financing activities, and intends to extend operating hours for its traditional settlement platforms.
BIS Warns: Beware of High Leverage Amid the AI Frenzy
Odaily reports: In its latest quarterly assessment, the Bank for International Settlements (BIS), known as the "central bank of central banks," issued a warning that alongside the rapid rise in leverage and the growing opacity of underlying debt structures, the financial vulnerabilities underpinning this round of exuberance are intensifying.This risk warning is not unfounded. In July of this year, the Situational Awareness fund, helmed by Leopold Aschenbrenner, staged a harrowing episode. The fund had placed heavy bets on the AI sector, but a sharp drop in the valuation of its underlying assets triggered a wave of margin calls from banks, ultimately forcing it to urgently transfer the core holdings of its public market equity portfolio to Ken Griffin's Citadel in order to barely survive the liquidity crisis.In the BIS's view, this incident is a typical microcosm of leveraged hedge funds becoming deeply entangled in core markets. Frank Smets, Head of Economic Analysis and Statistics at the BIS, pointed out that cross-market leverage is concerning, as it can easily amplify normal market fluctuations into severe systemic shocks. The near-miss of AI-themed hedge funds has once again laid this risk bare.
Robinhood Partners with Crypto.com on Prediction Market Deal
Odaily News: Robinhood has reached an agreement with Crypto.com to further expand its prediction market business. Under the agreement, Robinhood will list event contracts provided by OG.com, Crypto.com's prediction market platform, and will take a minority stake in both Crypto.com and OG.com.Following an investment from Citadel Securities in July this year, OG.com's valuation has reached approximately $5 billion. (WSJ)
Uniswap Founder Hayden: Correlated Trading Pairs Will Drive AMMs into Global Financial Markets
Odaily News Uniswap founder Hayden said on X that correlated trading pairs are emerging. The top five tokenized SPY trading pairs by volume are "bridge" pairs connecting other common base pairs, which then primarily link to highly correlated tokenized stocks. These markets are global, programmable, low-cost, and operate 24/7.Uniswap founder Hayden said on X:.I've been working at the frontier of DeFi for 9 years. It's a fascinating field with infinite depth and the potential to transform capital markets.I've always believed AMMs hold immense potential, but for the past decade, one question has persisted: Can this novel market structure truly become the core engine for all financial markets?After years of evolution and development, the path for AMMs to achieve global dominance is becoming increasingly clear. To explain this, we need to start in 1976.Tokenization Changes Market Makers.Index funds celebrated their 50th anniversary this month. When Jack Bogle launched the index fund in 1976, he hoped to raise $150 million but ultimately raised only $11.3 million. Competitors called it "Bogle's Folly," posting posters claiming index funds were un-American. They argued that a fund making no decisions couldn't possibly beat professionals paid to make decisions. Today, the majority of US fund assets are allocated to passive investment vehicles.I've been thinking about this recently because tokenization's "folly moment" is ending. The SEC has approved NASDAQ and the NYSE to trade tokenized stocks. DTCC, which handles virtually all US securities settlement, also conducted a live pilot of tokenized trades in July. Nearly all related activity is described the same way: treating tokenization as an infrastructure upgrade.The same markets, faster, cheaper, and always open. These statements are all true, but I believe the infrastructure upgrade framework obscures a larger change. Tokenization makes markets programmable, changing how markets exist, who makes markets, and what is traded.In 2018, I created Uniswap, an automated market maker protocol. Anyone can deposit two assets into a shared liquidity pool and earn fees from every trade, while prices adjust along a curve as users buy and sell. Uniswap has operated autonomously since its launch, processing over $4.6 trillion in cumulative volume and increasing DEX spot volume share from under 1% to over 20%.As AMMs like Uniswap continue to evolve, their liquidity has formed a pattern most financial markets haven't noticed yet: correlated trading pairs.The Easiest Place to Find Success.To succeed everywhere, you must first succeed somewhere. AMMs found product-market fit in long-tail markets because most assets previously couldn't attract professional market makers' attention. On Uniswap, anyone can create a market with a single transaction, and issuers and early supporters can become the first liquidity providers.Then came stablecoin pairs. Take USDC/USDT, for example. A good passive strategy can approach optimal l
Related news
FORT Robotics Secures Additional Approximately $20 Million Investment Commitment from Tiger Global and Others, Plans to List on NASDAQ Through a SPAC Merger
According to an official press release from FORT Robotics, physical AI security platform FORT Robotics announced on October 22 that it secured approximately $20 million in new investment commitments from existing investors. Tiger Global led approximately $10 million of the financing round, with Mark Cuban Companies participating, and the closing is expected to take place within this week. Tiger Global also committed an additional $10 million to the PIPE (private investment in public equity) transaction scheduled to close concurrently with the merger. Including previously announced PIPE commitments, the total committed capital for FORT’s proposed business combination with Newbury Street II Acquisition Corp. (NASDAQ: NTWO) has exceeded $50 million. Following the completion of the merger, the company will be renamed FORT Robotics Holdings, Inc., and plans to list on NASDAQ under the ticker symbol “FROB,” pending regulatory approval.
“AI 股神”Leopold 旗下基金拟 11月 16 日披露 Q3 持仓，曾因 AI 股暴跌单月回撤 67%
“AI 股神”Leopold 旗下基金 Situational Awareness 将于 11月 16 日披露三季度的股票持仓情况，该基金今年上半年收益率据称达 439%，主要押注闪迪（SNDK）和美光（MU），并使用约 4 倍杠杆，但 7月 AI 概念股大跌导致其投资组合单月下跌约 67%，随后该基金出售大部分公开股票持仓，其中相当一部分由 Citadel 接手。
Deepsigma Launches DeFi Perpetual Contract Platform Covering 77 Traditional Financial Markets
Odaily News: Decentralized perpetual contract exchange Deepsigma has launched a real-time simulated trading platform covering 77 traditional financial markets, including U.S. stocks, stock indices, commodities, and U.S. Treasury yields. The platform is built on the Cypherium blockchain and is being advanced by a team of alumni from Goldman Sachs, Citadel Securities, Google, and Uber, supporting long and short exposure trading for the relevant assets.Deepsigma's perpetual contracts do not tokenize, custody, or physically deliver the underlying assets; instead, they track prices through external market data sources. The platform currently supports contracts on the S&P 500 Index, Dow Jones Industrial Average, Nasdaq Composite Index, Russell 2000 Index, Cboe Volatility Index, as well as crude oil, gold, silver, natural gas, and copper.The platform's risk engine employs multiple external price sources, mark prices, circuit breakers, partial liquidations, and an insurance fund, and uses a central limit order book and a clearing layer to handle margin, collateral, and settlement. Deepsigma is also developing a zero-knowledge proof-based decentralized identity framework and configuring off-chain AI analytics tools with unfunded execution permissions; the underlying Cypherium adopts a hybrid PoW and HotStuff Byzantine fault-tolerant consensus mechanism and holds 4 U.S. patents. (Bitcoin.com News)
Retail investors' net purchases of U.S. stocks reached $9.1 billion last week, setting a 15-year record, with capital concentrated in the AI sector.
Scott Rubner, Head of Equity and Derivatives Strategy at Citadel Securities, noted in a recent research report that retail investors net purchased $9.1 billion in U.S. stocks through the firm's platform last week, marking the largest single-week net buy record in nearly 15 years. The heavy concentration of funds in artificial intelligence (AI)-related stocks and exchange-traded funds (ETFs) pushed the Nasdaq 100 Index and S&P 500 Index to record highs.
Citadel Securities and BNY Complete a Tokenized U.S. Treasury Repo Transaction
Odaily News: Citadel Securities and Bank of New York Mellon (BNY) have completed a tokenized U.S. Treasury repurchase transaction. Citadel Securities used tokenized two-year U.S. Treasury notes as collateral for an overnight repo transaction, with BNY providing cash.BNY stated that this is the first time tokenized assets have been used on a major tri-party repo platform. The relevant Treasuries were purchased through the Tradeweb platform, and the tokenized version settled within minutes, significantly shorter than the traditional T+1 settlement cycle. (Coin Bureau)
BNY Mellon and Castle Securities Complete Tokenized U.S. Treasury Triparty Repo Transaction
According to an official announcement, Bank of New York Mellon (BNY) and Citadel Securities have completed a tri-party repo process using tokenized U.S. Treasuries, marking the first use of tokenized assets on a major tri-party platform. In the transaction, a two-year U.S. Treasury bond purchased by Citadel Securities was recorded as a tokenized security on BNY’s private distributed ledger and settled within minutes, breaking the traditional T+1 settlement cycle. Subsequently, the tokenized Treasury was used as collateral for an overnight tri-party repo, with BNY providing the corresponding funding. BNY stated that it plans to launch digital cash and tokenized deposit features in the future to support institutional clients in conducting on-chain settlement and financing activities, and intends to extend operating hours for its traditional settlement platforms.