News Heat Trend
Project Overview
Company is a self-sustaining flywheel for autonomous fantasy product creation, curation, and tokenization. Anyone can participate in this ecosystem, from creators to investors to traders.
Analysis: Strategy's Move to Daily Dividends May Reduce Volatility and Enhance Bitcoin Financing Capacity
Odaily reports: According to Bitfinex analysis, Strategy shareholders voted on October 28 to approve a proposal for daily dividend payments on STRC preferred stock, with preliminary results showing 99.3% of votes in favor. STRC is expected to shift from semi-monthly dividend payments to daily dividend payments starting November 1, with the first cash dividend payment arriving on November 2; Strategy's other three preferred stocks, STRF, STRK, and STRD, are expected to follow suit in January 2027.Strategy's move aims to reduce price volatility around ex-dividend dates. Company CEO Phong Le stated that previously, when STRC paid dividends monthly, prices fell by an average of about 49 basis points around the ex-dividend date, which dropped to about 36 basis points after switching to semi-monthly payments. The company expects that daily dividend payments will further disperse selling pressure and improve price stability.This model was not pioneered by Strategy. Bitcoin treasury company Strive converted its SATA preferred stock to daily dividend payments in June of this year and launched a subordinated preferred stock, SATS, with a fixed annual dividend rate of 15%. In October, Strive issued 7 million shares of SATS at $90 per share, raising approximately $630 million, and used about $511 million of that to purchase 6,182 BTC.
a16z Co-Invests in Dream, an AI Architecture Design Company Founded by Former Palantir Founders, as it Completes $17 Million Seed Round
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.
Canada and NVIDIA Participate in Cohere Funding, Company Valued at Over $20 Billion
Odaily Report: Canadian AI model startup Cohere is conducting a large-scale funding round, with a valuation of $20.5 billion, roughly tripling from a year ago. Cohere said on Thursday that it has completed the first tranche of this funding round, with total funding expected to reach up to $5 billion. The company stated that it has received investment commitments from investors including the Canadian government and NVIDIA, in addition to the $600 million investment previously disclosed by European retail giant Schwarz Group. Among them, the Canadian government has agreed to invest up to $1.14 billion in Cohere.Canadian Prime Minister Carney stated that Cohere plans to keep its headquarters in Canada and is expected to build new computing infrastructure in the country by 2030, with an investment of approximately $1.2 billion. If this funding round is successfully completed, it will become the largest private fundraising in Canadian history, far exceeding previous records. Cohere declined to disclose how much of the $5 billion funding target has been finalized, but the Chief Financial Officer said the first tranche has covered "the majority" of it. This valuation does not include the funds raised in this round. (Bloomberg)
Perfectly Timing the Cash-Out Exit? PIMCO Sells Down Meta Debt at High Levels to Avoid Partial AI Bond Market Losses
According to Bloomberg, asset management giant Pacific Investment Management Company (PIMCO) had heavily participated in debt financing for AI data centers in 2025. However, it recently successfully avoided partial losses from the pullback in the AI bond market and realized profits by exiting portions of its positions early, conducting interest rate hedging, and walking away from some follow-on transactions.
Tether Capital Participates in AI Chip Company Tenstorrent's $1.5 Billion Series E Funding
Odaily reports: Stablecoin issuer Tether's investment arm Tether Capital has announced its participation in AI chip company Tenstorrent's $1.5 billion Series E funding round, valuing Tenstorrent at $6.2 billion post-funding. Tenstorrent, led by chip architect Jim Keller, primarily develops high-performance AI processors, server systems, and software, aiming to provide open AI computing infrastructure and reduce developers' reliance on the proprietary hardware and cloud services of a handful of large tech companies.Tenstorrent plans to use this round of funding to expand production and deployment of its Galaxy server systems, advance R&D in AI chips and CPU technology, and expand its global commercial operations. The company's technology already serves enterprises including Samsung and LG, with applications spanning large language models and video generation, among other fields.
Could Become a Trillion-Dollar Company, Michael Saylor Says Strategy Will Focus on Digital Credit as Its Core Business
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.
Beijing Investigates First Blockchain Pyramid-Selling Assistance Case; Involved Company Fined and Confiscated Over 930,000 Yuan
According to the Beijing Daily app, the Haidian District Market Regulation Bureau in Beijing has investigated and penalized the city's first illegal case involving the use of blockchain and virtual currency technologies to assist in pyramid selling operations. The involved tech company was fined and had its illegal gains confiscated, totaling over 930,000 RMB. The company served as an outsourced service provider for a public chain, offering operational support, marketing services, promotional campaigns, exchange integration, and maintenance.
BlackRock Partners With SBI and Startale to Explore Interoperability Between Tokenized Money Market Funds and Japanese Yen Stablecoins
According to The Block, BlackRock Financial Management Company, BlackRock Japan, Japanese financial group SBI Holdings, and Startale Group have signed a memorandum of understanding (MOU) to explore linking tokenized money market funds (MMFs) with the Japanese yen stablecoin JPYSC, and will research related technological infrastructure, business models, distribution channels, and regulatory requirements.
CoinDCX: Legacy Wallet Infrastructure Affected by Anomalous Activity, 15.99 Million USDT Loss Borne by the Company
CoinDCX has issued an announcement stating that it detected anomalous system activity on October 21, and subsequent investigation confirmed that the anomalous activity affected legacy wallet infrastructure that had been deprecated following the July 2025 security incident. CoinDCX stated that due to a malfunction in the automated fund sweeping service that lasted for a period of time, some user deposits mistakenly sent to old addresses were not transferred in a timely manner, ultimately resulting in a loss of 15.99 million USDT, with the related losses borne by the company.CoinDCX emphasized that existing wallets and trading systems were unaffected, user funds remain securely held in isolated cold wallets, and trading, deposit, and withdrawal services all continue to operate normally.
Thailand SEC: Multiple Asset Managers Inquire About Crypto ETFs, But No Company Has Submitted Applications
The Securities and Exchange Commission (SEC) of Thailand stated that multiple asset management companies have made inquiries about launching spot cryptocurrency ETFs, but no asset management company has yet submitted an approval application to establish a crypto ETF. The SEC did not disclose the names of the companies involved.The SEC noted that it is currently unable to determine whether the first batch of products can be approved before the end of 2026, with the specific timeline depending on the preparedness of applicants, regulatory review, and investor protection requirements. Thailand's new crypto ETF rules took effect on Friday, allowing asset managers to establish locally listed spot Bitcoin and Ethereum ETFs. (Cointelegraph)
Facing Potential Removal, MSCI's New Rules to Take Effect in 2026, Strategy and Metaplanet Affected
Odaily News: MSCI has announced the formal adoption of its Non-Operating Company Index Exclusion Rules, which will be implemented during the November 2026 index review and take effect after the close of trading on November 30. Under the new rules, MSCI will first assess whether a company holds substantial operating assets; companies that fail the initial screening will undergo five financial ratio tests; if at least four exclusion criteria are triggered, the company will be ineligible for index inclusion. Bitcoin treasury companies Strategy and Metaplanet face potential removal, with the final list to be announced on November 11. JPMorgan previously estimated that if Strategy is removed from the MSCI index, it could face approximately $2.8 billion in selling pressure.
Franklin Templeton, with $1.79 trillion in AUM, explores regulatory exemptions for tokenized fund trading
Odaily News — Global investment management firm Franklin Templeton is exploring regulatory exemptions to allow tokenized money market funds and ETFs to trade through blockchain-based trading venues. On October 9, the company met with staff of the U.S. Securities and Exchange Commission (SEC) Crypto Task Force regarding legal issues including pricing, fees, and asset pools.The agenda included whether investors can exchange blockchain fund shares for tokenized National Market System (NMS) stocks through blockchain trading venues, and whether liquidity providers can charge service fees. The related issues involve pricing rules under the Investment Company Act and whether exemptions are needed.Regarding tokenized ETFs, Franklin Templeton also discussed pairing them with tokenized stocks, approved payment stablecoins, or tokenized money market funds, as well as whether liquidity pools need to obtain Investment Company regulatory exemptions. Its preliminary disclosure on September 30 listed assets under management at $1.79 trillion.Franklin Templeton's blockchain fund recordkeeping business began with the Franklin Onchain U.S. Government Money Fund launched in 2021. The BENJI token represents shares of the fund, and transferring tokens simultaneously transfers the corresponding shares, with transactions recorded and share ownership tracked by the Benji Technology Platform. (Bitcoin.com News)
Analysis: Strategy's Move to Daily Dividends May Reduce Volatility and Enhance Bitcoin Financing Capacity
Odaily reports: According to Bitfinex analysis, Strategy shareholders voted on October 28 to approve a proposal for daily dividend payments on STRC preferred stock, with preliminary results showing 99.3% of votes in favor. STRC is expected to shift from semi-monthly dividend payments to daily dividend payments starting November 1, with the first cash dividend payment arriving on November 2; Strategy's other three preferred stocks, STRF, STRK, and STRD, are expected to follow suit in January 2027.Strategy's move aims to reduce price volatility around ex-dividend dates. Company CEO Phong Le stated that previously, when STRC paid dividends monthly, prices fell by an average of about 49 basis points around the ex-dividend date, which dropped to about 36 basis points after switching to semi-monthly payments. The company expects that daily dividend payments will further disperse selling pressure and improve price stability.This model was not pioneered by Strategy. Bitcoin treasury company Strive converted its SATA preferred stock to daily dividend payments in June of this year and launched a subordinated preferred stock, SATS, with a fixed annual dividend rate of 15%. In October, Strive issued 7 million shares of SATS at $90 per share, raising approximately $630 million, and used about $511 million of that to purchase 6,182 BTC.
CoinDCX: Legacy Wallet Infrastructure Affected by Anomalous Activity, 15.99 Million USDT Loss Borne by the Company
CoinDCX has issued an announcement stating that it detected anomalous system activity on October 21, and subsequent investigation confirmed that the anomalous activity affected legacy wallet infrastructure that had been deprecated following the July 2025 security incident. CoinDCX stated that due to a malfunction in the automated fund sweeping service that lasted for a period of time, some user deposits mistakenly sent to old addresses were not transferred in a timely manner, ultimately resulting in a loss of 15.99 million USDT, with the related losses borne by the company.CoinDCX emphasized that existing wallets and trading systems were unaffected, user funds remain securely held in isolated cold wallets, and trading, deposit, and withdrawal services all continue to operate normally.
Charles Schwab opens Bitcoin and Ethereum trading to US retail investors, gradually supporting external wallet transfers
Odaily reports: Bitcoin News posted on X that Charles Schwab has opened Bitcoin and Ethereum trading to all eligible US retail clients through its existing investment platform, charging a 0.75% fee per trade with a minimum of $1 and a maximum single-trade limit of $2 million. The company is rolling out digital asset transfers between Schwab accounts and external wallets in phases, requiring users to pre-register withdrawal addresses and complete security checks. Paxos Trust Company provides custody, trade execution, and settlement infrastructure, and the related digital assets are not covered by SIPC or FDIC insurance.
Facing Potential Removal, MSCI's New Rules to Take Effect in 2026, Strategy and Metaplanet Affected
Odaily News: MSCI has announced the formal adoption of its Non-Operating Company Index Exclusion Rules, which will be implemented during the November 2026 index review and take effect after the close of trading on November 30. Under the new rules, MSCI will first assess whether a company holds substantial operating assets; companies that fail the initial screening will undergo five financial ratio tests; if at least four exclusion criteria are triggered, the company will be ineligible for index inclusion. Bitcoin treasury companies Strategy and Metaplanet face potential removal, with the final list to be announced on November 11. JPMorgan previously estimated that if Strategy is removed from the MSCI index, it could face approximately $2.8 billion in selling pressure.
1 BTC can now be exchanged for 18.55 ounces of gold, BTC/XAU returns to key moving average
Odaily reports: Miller Cole, research and content analyst at Bitcoin treasury company The Smarter Web Company, posted on X platform that this Friday's Bitcoin price action pushed the BTC/XAU ratio back above the 50-week moving average, which is a bullish signal. Currently, 1 Bitcoin can be exchanged for approximately 18.55 ounces of gold, compared to about 15.3 ounces a month ago. It is expected that the BTC/XAU ratio will reach a new high in this cycle.
AMD Overtakes Qualcomm to Become the World's Third-Largest Fabless Semiconductor Company
Citrini analyst jukan posted on X platform that AMD has overtaken Qualcomm to become the world's third-largest fabless semiconductor company.
S&P Global Completes Acquisition of On-Chain Security Company OpenZeppelin
According to PRNewswire, S&P Global (NYSE: SPGI) announced on October 26 that it has completed its acquisition of OpenZeppelin, a provider of on-chain financial security standards. The transaction was first announced on September 17, with financial terms undisclosed, and is not expected to have a material impact on S&P Global’s financial results. Founded in 2015, OpenZeppelin has completed over 900 security service engagements and identified more than 10,000 vulnerabilities before product launches. Its open-source smart contract library, OpenZeppelin Contracts, supports value transfers exceeding $38 trillion, encompassing various mainstream stablecoins and tokenized funds. This acquisition will expand S&P Global’s risk assessment capabilities into the on-chain technology risk layer, and both parties plan to jointly develop a new generation of on-chain security assessments and benchmarks. After the acquisition, OpenZeppelin will continue to operate as an independent business unit under its original brand, with founder Demian Brener staying on as head, reporting to Yann Le Pallec, President of S&P Global Ratings. OpenZeppelin Contracts will remain open-source, free, and publicly maintained.
CoinDCX: Legacy Wallet Infrastructure Affected by Anomalous Activity, 15.99 Million USDT Loss Borne by the Company
CoinDCX has issued an announcement stating that it detected anomalous system activity on October 21, and subsequent investigation confirmed that the anomalous activity affected legacy wallet infrastructure that had been deprecated following the July 2025 security incident. CoinDCX stated that due to a malfunction in the automated fund sweeping service that lasted for a period of time, some user deposits mistakenly sent to old addresses were not transferred in a timely manner, ultimately resulting in a loss of 15.99 million USDT, with the related losses borne by the company.CoinDCX emphasized that existing wallets and trading systems were unaffected, user funds remain securely held in isolated cold wallets, and trading, deposit, and withdrawal services all continue to operate normally.
NEAR Community Proposal Proposes Reducing Maximum Annual Token Issuance Rate, Clarifies Security Incident Does Not Involve Native Token Vulnerabilities
NEAR Protocol announced on the X platform that Sal Ternullo, CEO of NEAR Treasury Company SVRN, has introduced a new proposal on the NEAR Governance Forum to reduce NEAR's annual maximum token issuance rate from 2.5% to 1.6% over a 24-month period, and lower the staking yield from the current approximately 5.4% to around 3.5%. The proposal is currently soliciting feedback from validators, House of Stake delegates, and NEAR community members, with a complete plan expected to be published next week for voting. Following the earlier NEAR Intents security incident, NEAR Protocol further clarified that the blockchain network is operating normally. The incident was not caused by any vulnerabilities in NEAR Protocol or its native NEAR token. The NEAR Protocol network continues to produce blocks and process transactions without experiencing downtime.
S&P Global Announces Acquisition of Blockchain Security Company OpenZeppelin
According to PR Newswire, S&P Global (NYSE: SPGI) announced on September 17 that it signed an agreement to acquire OpenZeppelin, a company specializing in on-chain financial security standards. Founded in 2015, OpenZeppelin's open-source smart contract library has collectively supported over $37 trillion in value transfers, covering global mainstream stablecoins and tokenized funds. The company has completed more than 900 security audits and identified over 10,000 vulnerabilities. This acquisition will expand S&P Global's assessment capabilities in the on-chain technology risk layer, helping it develop next-generation on-chain security assessment and benchmark products. OpenZeppelin will continue to operate as an independent business unit, with CEO Demian Brener remaining in his position and reporting to Yann Le Pallec, President of Ratings at S&P Global. Financial terms of the deal were not disclosed, and the transaction is expected to have no material impact on S&P Global's financial results.
Gate: Users whose assets were stolen experienced serious information leaks or device compromise; will actively cooperate with fund recovery and subsequent handling.
Gate issued an announcement regarding the recent "user asset theft incident," sharing internal comprehensive verification results, analysis of the incident's cause, and progress on subsequent handling. Regarding the verification process and key facts, the announcement stated that after comprehensive verification, materials submitted by the applicant at the time, including account information, real-name information, transaction records, Alipay screen recordings, etc., matched the account completely. According to analysis by the technical team, Alipay screen recordings can only be made by the customer themselves or someone with access to the customer's Alipay account. Alipay possesses an extremely strict real-time risk control system; logging into Alipay on a different device will mandate multi-factor authentication. This indicates a situation involving serious leakage of customer information or device compromise. Regarding the Gate platform audit mechanism, the announcement stated that the Company's security unbinding audit mechanism strictly executes the four-fold verification process of "Multi-channel advance notification + System risk control preliminary screening + Manual multi-layer review + Time protection," and never has nor will it approve any security item change application based on a single material alone. Gate always takes information security and customer data protection as the Company's core management requirements. The issue of internal information leakage mentioned by some parties does not exist. Regarding fund recovery and subsequent handling, the announcement stated that Gate processed the matter with the highest priority immediately after the incident occurred, coordinating security, compliance, legal, business, and other teams to carry out on-chain analysis and asset tracking and freezing. It continues to coordinate with third-party institutions such as Tether to advance fund freezing. Subsequently, it will also actively cooperate with judicial authorities in investigations and data collection. Any substantive progress will be communicated immediately.
OKX Star: Will Donate No Less Than 1 BTC to the First "One-Person Company" Achieving an Annual Income of $1 Million on OKX.AI
: OKX founder and CEO Star stated in a post on X that the first "one-person company" (OPC) to achieve an annual revenue of $1 million on OKX.AI will receive a personal donation of no less than 1 BTC. Star noted that every major technological revolution gives rise to a new generation of entrepreneurs and believes that the AI era will create millions of "one-person companies."It is reported that the OKX.AI Genesis Hackathon has been launched, allowing developers to build Agent Service Providers (ASP) on the OKX.AI platform. The event features a total prize pool of $100,000, aimed at encouraging AI Agent projects with real demand scenarios and practical use value, driving the implementation of the Agent economy.
Analysis: Strategy's Move to Daily Dividends May Reduce Volatility and Enhance Bitcoin Financing Capacity
Odaily reports: According to Bitfinex analysis, Strategy shareholders voted on October 28 to approve a proposal for daily dividend payments on STRC preferred stock, with preliminary results showing 99.3% of votes in favor. STRC is expected to shift from semi-monthly dividend payments to daily dividend payments starting November 1, with the first cash dividend payment arriving on November 2; Strategy's other three preferred stocks, STRF, STRK, and STRD, are expected to follow suit in January 2027.Strategy's move aims to reduce price volatility around ex-dividend dates. Company CEO Phong Le stated that previously, when STRC paid dividends monthly, prices fell by an average of about 49 basis points around the ex-dividend date, which dropped to about 36 basis points after switching to semi-monthly payments. The company expects that daily dividend payments will further disperse selling pressure and improve price stability.This model was not pioneered by Strategy. Bitcoin treasury company Strive converted its SATA preferred stock to daily dividend payments in June of this year and launched a subordinated preferred stock, SATS, with a fixed annual dividend rate of 15%. In October, Strive issued 7 million shares of SATS at $90 per share, raising approximately $630 million, and used about $511 million of that to purchase 6,182 BTC.
DTCC Tokenization Service Officially Launches, Ondo Finance Becomes Ecosystem Collaborator
According to an official blog post by Ondo Finance, The Depository Trust Company (DTC) has officially launched the DTCC Tokenization Service (DTS). DTC is a subsidiary of The Depository Trust & Clearing Corporation (DTCC). Ondo Finance joins the ecosystem for this service alongside institutions such as Broadridge, DRW, and Fireblocks.
Hyperliquid Partners with Kraken's Parent Company Payward to Bring Onchain Perpetual Futures Markets to the US
Odaily Report: Hyperliquid co-founder jeff posted that he is excited to partner with Kraken's parent company Payward to advance onchain derivatives development built on Hyperliquid infrastructure and bring a new generation of perpetual futures markets to the US.jeff stated that Kraken is one of the most trusted exchanges in the crypto industry and a firm supporter of blockchain technology and crypto ideals, and that Hyperliquid is honored that Kraken chose to build on Hyperliquid.
S&P Global Completes Acquisition of On-Chain Security Company OpenZeppelin
According to PRNewswire, S&P Global (NYSE: SPGI) announced on October 26 that it has completed its acquisition of OpenZeppelin, a provider of on-chain financial security standards. The transaction was first announced on September 17, with financial terms undisclosed, and is not expected to have a material impact on S&P Global’s financial results. Founded in 2015, OpenZeppelin has completed over 900 security service engagements and identified more than 10,000 vulnerabilities before product launches. Its open-source smart contract library, OpenZeppelin Contracts, supports value transfers exceeding $38 trillion, encompassing various mainstream stablecoins and tokenized funds. This acquisition will expand S&P Global’s risk assessment capabilities into the on-chain technology risk layer, and both parties plan to jointly develop a new generation of on-chain security assessments and benchmarks. After the acquisition, OpenZeppelin will continue to operate as an independent business unit under its original brand, with founder Demian Brener staying on as head, reporting to Yann Le Pallec, President of S&P Global Ratings. OpenZeppelin Contracts will remain open-source, free, and publicly maintained.
Aurelion Announces Strategic Partnership with Bitget and Its RWA Protocol Reality to Launch Tokenized Shares of a Gold Reserve Listed Company
Odaily Report: Bitget, together with its tokenized US equity protocol Reality, and Nasdaq-listed gold reserve company Aurelion (NASDAQ: AURE) have announced a strategic partnership. They plan to launch tokenized shares rAURE, with Bitget serving as the primary trading platform for the asset upon listing. rAURE will be issued by Reality and pegged 1:1 to the underlying custodied US equity asset AURE.Aurelion is a listed company whose primary reserve asset is tokenized gold XAU₮ (Tether Gold). This partnership will bring the tokenized equity assets of a Nasdaq-listed gold reserve company into the Web3 trading market, driving the integration of listed company equities, asset tokenization, and the gold sector. After rAURE is listed, users will be able to trade it on Bitget 24/5 and combine it with other tokenized equities and digital assets for portfolio allocation, expanding cross-asset trading scenarios and enhancing asset allocation flexibility and capital efficiency.
CoinDCX: Legacy Wallet Infrastructure Affected by Anomalous Activity, 15.99 Million USDT Loss Borne by the Company
CoinDCX has issued an announcement stating that it detected anomalous system activity on October 21, and subsequent investigation confirmed that the anomalous activity affected legacy wallet infrastructure that had been deprecated following the July 2025 security incident. CoinDCX stated that due to a malfunction in the automated fund sweeping service that lasted for a period of time, some user deposits mistakenly sent to old addresses were not transferred in a timely manner, ultimately resulting in a loss of 15.99 million USDT, with the related losses borne by the company.CoinDCX emphasized that existing wallets and trading systems were unaffected, user funds remain securely held in isolated cold wallets, and trading, deposit, and withdrawal services all continue to operate normally.
Related news
Analysis: Strategy's Move to Daily Dividends May Reduce Volatility and Enhance Bitcoin Financing Capacity
Odaily reports: According to Bitfinex analysis, Strategy shareholders voted on October 28 to approve a proposal for daily dividend payments on STRC preferred stock, with preliminary results showing 99.3% of votes in favor. STRC is expected to shift from semi-monthly dividend payments to daily dividend payments starting November 1, with the first cash dividend payment arriving on November 2; Strategy's other three preferred stocks, STRF, STRK, and STRD, are expected to follow suit in January 2027.Strategy's move aims to reduce price volatility around ex-dividend dates. Company CEO Phong Le stated that previously, when STRC paid dividends monthly, prices fell by an average of about 49 basis points around the ex-dividend date, which dropped to about 36 basis points after switching to semi-monthly payments. The company expects that daily dividend payments will further disperse selling pressure and improve price stability.This model was not pioneered by Strategy. Bitcoin treasury company Strive converted its SATA preferred stock to daily dividend payments in June of this year and launched a subordinated preferred stock, SATS, with a fixed annual dividend rate of 15%. In October, Strive issued 7 million shares of SATS at $90 per share, raising approximately $630 million, and used about $511 million of that to purchase 6,182 BTC.
a16z Co-Invests in Dream, an AI Architecture Design Company Founded by Former Palantir Founders, as it Completes $17 Million Seed Round
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.
Metaplanet CEO Backs Binance: Bitcoin Network Unaffected, All Company Assets in Cold Storage
Metaplanet founder and CEO Simon Gerovich posted on X, stating that he stands with Binance and all personnel working around the clock to handle the related incident, and emphasized that the industry needs unity even more at times like these.
Canada and NVIDIA Participate in Cohere Funding, Company Valued at Over $20 Billion
Odaily Report: Canadian AI model startup Cohere is conducting a large-scale funding round, with a valuation of $20.5 billion, roughly tripling from a year ago. Cohere said on Thursday that it has completed the first tranche of this funding round, with total funding expected to reach up to $5 billion. The company stated that it has received investment commitments from investors including the Canadian government and NVIDIA, in addition to the $600 million investment previously disclosed by European retail giant Schwarz Group. Among them, the Canadian government has agreed to invest up to $1.14 billion in Cohere.Canadian Prime Minister Carney stated that Cohere plans to keep its headquarters in Canada and is expected to build new computing infrastructure in the country by 2030, with an investment of approximately $1.2 billion. If this funding round is successfully completed, it will become the largest private fundraising in Canadian history, far exceeding previous records. Cohere declined to disclose how much of the $5 billion funding target has been finalized, but the Chief Financial Officer said the first tranche has covered "the majority" of it. This valuation does not include the funds raised in this round. (Bloomberg)
Strategy CEO: Aiming to Become the World's Largest Company
Bitcoin Treasuries posted on X, stating that Strategy CEO Phong Le said Strategy's goal is to become the world's largest company, and noted that the company currently holds the largest amount of Bitcoin. He also stated that daily dividends will help Strategy issue the world's strongest digital credit, improve STRC, and build the best equity MSTR, thereby increasing Bitcoin holdings and BPS.
Beijing Investigates First Blockchain Pyramid-Selling Assistance Case; Involved Company Fined and Confiscated Over 930,000 Yuan
According to the Beijing Daily app, the Haidian District Market Regulation Bureau in Beijing has investigated and penalized the city's first illegal case involving the use of blockchain and virtual currency technologies to assist in pyramid selling operations. The involved tech company was fined and had its illegal gains confiscated, totaling over 930,000 RMB. The company served as an outsourced service provider for a public chain, offering operational support, marketing services, promotional campaigns, exchange integration, and maintenance.