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Due is a decentralized payment platform, Open a borderless account for user business, send and receive payments worldwide, with instant access to funds in stablecoins or local currency.
High participation threshold for Anthropic IPO draws attention as Asian investors shift to indirect investment channels such as crypto derivatives
According to Bloomberg, Anthropic's planned IPO could reach a valuation of $1.5 trillion, with plans to invest approximately $800 billion in computing infrastructure that is expected to benefit TSMC, SK Hynix, and Samsung Electronics. Due to strong subscription demand and related restrictions, it has proven difficult for Asian investors to participate directly in the IPO, prompting them to turn to indirect investment channels such as crypto derivatives. According to reports, OKX and Binance have launched perpetual contracts tied to Anthropic's valuation, while perpetual contracts on the EntropyIO platform under Hyperliquid briefly implied valuations of around $1.88 trillion. However, Anthropic still faces risks including an uncertain path to profitability, high capital requirements for AI projects, and intense industry competition, and related "proxy" investments may also be influenced by factors from other sectors.
DeepSeek Nears Completion of ~$12 Billion Fundraising, with Tencent and CATL Potentially Participating
Odaily News: DeepSeek is nearing the completion of a new funding round, with the scale expected to reach at least 80 billion yuan (approximately $12 billion), significantly exceeding the company's previous fundraising target of about 50 billion yuan. Sources familiar with the matter revealed that Tencent Holdings and CATL have committed to contributing larger amounts in this funding round, and the related financing transaction is expected to be completed soon. Due to a significant increase in market demand and investment interest following the release of DeepSeek's latest AI model, this funding round has exceeded expectations, with the final amount potentially approaching 100 billion yuan.Previously, DeepSeek sought to raise approximately 50 billion yuan, but investor interest in its AI technological progress drove the funding scale to expand further. DeepSeek had already attracted attention from institutions including Tencent and CATL, and has been using financing to expand computing infrastructure, AI model research and development, and team building. Bloomberg LíneaAccording to reports, DeepSeek plans to conduct an initial public offering (IPO) in early 2027, and this large-scale fundraising will provide financial support for its pre-listing development. DeepSeek has gained global attention with its low-cost, high-performance AI models, and is currently increasing investment in next-generation AI technology and computing resources. (Bloomberg)
CleanSpark Plans to Raise $2.227 Billion Through Senior Secured Notes Due 2031
Odaily News: Nasdaq-listed Bitcoin mining company and data center developer CleanSpark has announced that its wholly-owned subsidiary, CSDC Finance I, plans to raise $2.227 billion through a private placement of senior secured notes due 2031. The proceeds will primarily be used to complete the construction of its Sandersville data center in Texas, reimburse the company for a portion of the equity funds previously invested in the facility, and establish a debt service reserve. However, the offering remains subject to market and other conditions, and there is no guarantee that it will be completed or what the final terms will be.
Foreign media: DeepSeek valued at approximately $71 billion before a new funding round, with ARR reaching about $500 million last month
Odaily News: According to sources familiar with the matter, DeepSeek is conducting a new funding round, with a pre-money valuation of approximately $71 billion. Due to limited direct investment quotas, multiple layers of special purpose vehicles (SPVs) have emerged in the market to provide exposure to DeepSeek equity. Some lower-tier SPVs charge upfront fees exceeding 15%, with performance fees reaching up to 40%. Additionally, DeepSeek's ARR reached approximately $500 million last month, and its year-to-date AI infrastructure spending has reached $1.6 billion, nearly 10 times the full-year level of 2025. (Financial Times)
YZi Labs ranks as the world's second most active family office in August, participating in 10 funding rounds totaling $42.1 million
Odaily News In August, family offices participated in a total of 109 deals, with the total disclosed funding amount for related transactions reaching $16.9 billion, of which later-stage rounds accounted for 27% of all deals. a16z Perennial ranked first with participation in 17 deals; YZi Labs ranked second with participation in 10 deals, with the total disclosed size of related funding rounds reaching $42.1 million. YZi Labs manages over $10 billion in assets, with investments spanning Web3, AI, healthcare, and other sectors, targeting startups at various development stages. The aforementioned funding figures represent the combined amounts from all investors in the relevant funding rounds and do not reflect YZi Labs' actual capital contribution. Due to the highly private nature of family office investments, the specific investment amount of a single family office in each transaction is often difficult to obtain.
“Fed Whisperer”: US Treasury Expands Treasury Buyback Scale, Possibly Due to Officials' Concerns Over Market Trends
Odaily News, "Fed Whisperer" Nick Timiraos stated that the US Treasury recently announced it will raise the single-operation buyback cap for long-term nominal coupon Treasury securities from $2 billion to at least $4 billion starting September 9.Timiraos, citing interest rate strategists, noted that the timing of this decision is worth attention: it comes only about two weeks after the Treasury's previous quarterly refunding announcement, and just hours after the announcement, the Treasury had planned to issue $16 billion in 20-year Treasury bonds. This unconventional timing may indicate that Treasury officials "do not like what is happening in the market."
Phantom Launches Prediction Market Service for U.S. Users, Says It Is "Confident and Reassured" on Regulatory Disputes
Odaily reports: Crypto wallet Phantom began rolling out Kalshi prediction market services to U.S. users on October 23, allowing users to trade event contracts directly within the app, with availability set to gradually expand over the coming weeks. Users must complete Kalshi's KYC verification and can fund trades through a Phantom Cash account using CASH, a U.S. dollar-pegged stablecoin. Due to lawsuits in various states, Phantom will temporarily restrict sports, election, political, and certain other category markets in some states.Kevin Jacobs, Phantom's general counsel, said the company believes the U.S. Commodity Futures Trading Commission (CFTC) has clear jurisdiction over such products and will comply with state restrictions during the litigation. (The Block)
The world's largest spot Bitcoin ETF project was nearly halted multiple times, BlackRock discloses the launch process
Odaily reports: Bitcoin News posted on X platform that Bloomberg ETF analyst @JSeyff disclosed that although BlackRock executives had begun preparations to launch a Bitcoin ETF, Larry Fink had previously been skeptical about Bitcoin. Due to internal board discussions and events such as the FTX collapse, the project is said to have nearly been halted multiple times; currently, BlackRock operates the world's largest spot Bitcoin ETF.
US SEC and CFTC Crypto Regulation Hindered by Commissioner Shortage
Due to a significant loss of key regulatory commissioners, enforcement actions and the advancement of new regulations for the crypto industry by the U.S. SEC and CFTC have been hindered, resulting in a notable decline in the number of cases being processed.
US Senate Banking Committee Chairman: CLARITY Act Failed to Pass Due to Democratic Obstruction
Odaily News: Tim Scott, Chairman of the U.S. Senate Banking Committee, stated on X that nearly all Senate Republicans voted in favor of advancing the CLARITY Act, but the motion failed to pass due to opposition from Senate Democrats.
US Senate Releases New Version of Clarity Act to Fine-Tune DeFi Regulations
US Senate Republicans released the latest version of the Clarity Act (Digital Assets Market Clarity Act), adjusting compliance requirements for DeFi entities and credit union provisions. Due to a lack of consensus on ethical protocols, Democrats have expressed reservations, leaving the bill's path to passage uncertain.
Blockchain Association and CCI File for Injunction to Halt Illinois' 0.2% Digital Asset Transaction Tax
Odaily News – The Blockchain Association and the Innovative Crypto Council (CCI) have filed a motion for a preliminary injunction with the Circuit Court of Sangamon County, Illinois, seeking to halt the 0.2% digital asset franchise transaction tax scheduled to take effect on January 1, 2027, during the pendency of litigation. The tax applies to crypto entities established in Illinois or providing services to Illinois residents with annual gross revenues exceeding $100,000. The two lobbying groups had previously sued Illinois over the measure and, together with the Chamber of Digital Commerce, argue that the law violates the federal Internet Tax Freedom Act as well as the Due Process and Interstate Commerce clauses of the U.S. Constitution.
CoinDCX: Due to related events involving a global liquidity provider, futures trading has been temporarily switched to reduce-only mode.
CoinDCX stated that, due to a recent incident involving a global liquidity provider, platform futures trading has temporarily entered Reduce-Only mode as a precautionary measure. During this period, users will be unable to open new positions or increase existing ones, but can still adjust margin, reduce, or close positions. CoinDCX also confirmed that user funds are safe, with deposit and withdrawal services operating normally. Latest developments will be announced through official channels.
Du Jun: Due to frequent security incidents, many family offices have already swapped BTC for IBIT, or even liquidated their holdings to buy physical gold
Du Jun posted on X: "Family offices that I persuaded years ago to allocate BTC and ETH, after experiencing centralized exchange hacks and cold wallet supply chain security incidents, have one after another swapped their BTC for IBIT, and some simply sold their coins to buy physical gold and other traditional assets. I don't even know how to advise them anymore—it seems there's no solution."
Indodax Suspends Deposits and Withdrawals Due to Cyberattack Risk, States User Assets Are Secure and No Data Breach Detected
Due to an increase in detected cyberattack attempts, Indonesian cryptocurrency exchange Indodax has temporarily suspended user deposits and withdrawals to conduct security assessments and risk mitigation measures. The platform confirmed that all user assets remain secure, with no unauthorized withdrawals or data breaches detected to date. Deposit and withdrawal services will resume once system security is verified, and subsequent updates will be published via official channels.
CoinDCX Confirms $16 Million Loss Due to Failed Fund Aggregation, Says Active Users' Funds Are Safe
As reported by CoinDesk, Indian cryptocurrency exchange CoinDCX has confirmed a loss of $16 million. The incident occurred because its sweeping process failed to withdraw customer deposits from wallets compromised in a July 2025 hack. The exchange stated it would absorb the loss itself and confirmed that active users' funds remain secure.
Analysis: Bitcoin Has Formed a Bottom Range Near $80,000 — Don't Miss the Rally Due to Bearish Expectations
Trader Killa posted that in a bull market, traders should seize the opportunity to go long when prices dip within an established range. However, because the market previously went through a bear market full of fake breakouts, many traders still habitually view every rebound as a bull trap. Bitcoin's trading range and bottom structure have already formed, with the area around $80,000 being a key zone. Although Bitcoin may still pull back again to sweep liquidity, it could ultimately just head higher directly, causing traders who keep waiting for lower prices to miss the move. Traders should follow the market trend rather than stubbornly clinging to a bearish scenario.
Galxe reminds users to complete G staking unbonding and withdrawal by October 26
Galxe announced that as the Gravity Alpha mainnet is gradually being shut down, most of its core services have been migrated to the Gravity Layer 1 (L1) network. Due to the 7-day waiting period for unstaking and fund withdrawals, users holding staked G tokens or Smart Savings balances must complete the required operations before 11:00 AM UTC+8 on October 26, 2026.
Onchain Foundation: Suspending LSK Buyback Due to Binance Security Incident, Expected to Resume Next Week
The Onchain Foundation stated that due to the Binance security incident, it has temporarily suspended the LSK buyback program and expects to resume it next week once the situation becomes clearer. The foundation noted that Binance has confirmed it will cover all losses, so it is expected that this incident will not impact the LSK buyback program. After the buyback resumes, the Onchain Foundation will issue a separate announcement.
Zest Protocol: Suspends New Borrowings Due to Binance Security Incident; Existing Positions Remain Overcollateralized
Zest Protocol stated that, out of an abundance of caution, it has suspended new borrowing services following the Binance security incident. Currently, all lending positions on the platform remain over-collateralized, market operations are running well, and Zest Protocol products have no risk exposure to Binance. This suspension is intended to protect users, and the platform anticipates gradually resuming borrowing services in sync with the broader industry.
Du Jun: Due to frequent security incidents, many family offices have already swapped BTC for IBIT, or even liquidated their holdings to buy physical gold
Du Jun posted on X: "Family offices that I persuaded years ago to allocate BTC and ETH, after experiencing centralized exchange hacks and cold wallet supply chain security incidents, have one after another swapped their BTC for IBIT, and some simply sold their coins to buy physical gold and other traditional assets. I don't even know how to advise them anymore—it seems there's no solution."
Indodax Suspends Deposits and Withdrawals Due to Cyberattack Risk, States User Assets Are Secure and No Data Breach Detected
Due to an increase in detected cyberattack attempts, Indonesian cryptocurrency exchange Indodax has temporarily suspended user deposits and withdrawals to conduct security assessments and risk mitigation measures. The platform confirmed that all user assets remain secure, with no unauthorized withdrawals or data breaches detected to date. Deposit and withdrawal services will resume once system security is verified, and subsequent updates will be published via official channels.
CoinDCX Confirms $16 Million Loss Due to Failed Fund Aggregation, Says Active Users' Funds Are Safe
As reported by CoinDesk, Indian cryptocurrency exchange CoinDCX has confirmed a loss of $16 million. The incident occurred because its sweeping process failed to withdraw customer deposits from wallets compromised in a July 2025 hack. The exchange stated it would absorb the loss itself and confirmed that active users' funds remain secure.
Yapeswap Governance Attack Due to Zero Quorum, Resulting in Approximately $21,900 Loss
according to SlowMist monitoring, the decentralized trading platform Yapeswap suffered an attack with losses of approximately $21,900. The root cause was that the WorkersUnion governance quorum was zero, allowing the attacker to pass a proposal with only about 0.000055% of voting power, transferring the feeToSetter permission of YapeFactory to themselves. The attacker then installed a malicious Registry, causing latestVault() to return fake vaults while vaults() still listed the real vaults. YapePair counted the misappropriated deposits as farming assets but did not obtain redeemable shares.
Onchain Foundation: Suspending LSK Buyback Due to Binance Security Incident, Expected to Resume Next Week
The Onchain Foundation stated that due to the Binance security incident, it has temporarily suspended the LSK buyback program and expects to resume it next week once the situation becomes clearer. The foundation noted that Binance has confirmed it will cover all losses, so it is expected that this incident will not impact the LSK buyback program. After the buyback resumes, the Onchain Foundation will issue a separate announcement.
Indodax Suspends Deposits and Withdrawals Due to Cyberattack Risk, States User Assets Are Secure and No Data Breach Detected
Due to an increase in detected cyberattack attempts, Indonesian cryptocurrency exchange Indodax has temporarily suspended user deposits and withdrawals to conduct security assessments and risk mitigation measures. The platform confirmed that all user assets remain secure, with no unauthorized withdrawals or data breaches detected to date. Deposit and withdrawal services will resume once system security is verified, and subsequent updates will be published via official channels.
Multiple tech giants urgently block 8 vulnerable intermediate certificates under eMudhra
Odaily reports: Multiple tech companies have urgently blocked 8 intermediate certificates with security vulnerabilities issued by Indian digital certificate authority eMudhra Limited. Due to flaws in the private key generation process of the affected certificates, attackers could exploit forged certificates to impersonate legitimate websites and intercept, read, or tamper with user communications.Mozilla cryptography engineer Dennis Jackson stated in an incident report that after receiving the vulnerability report on October 17, Mozilla independently recovered the relevant private keys, confirming that the generation mechanism has serious flaws and is highly exploitable.Mozilla subsequently blocked the affected certificates in Firefox through OneCRL and released browser updates for desktop and Android on October 20. Cloudflare also updated protections for services including Cloudflare One, WARP client, and Cloudflare Tunnel on Tuesday. According to Mozilla's disclosure, Chrome blocked the relevant certificates on Saturday, Apple devices completed blocking on Monday, and Microsoft platforms took corresponding measures on Tuesday. (Cointelegraph)
Galxe reminds users to complete G staking unbonding and withdrawal by October 26
Galxe announced that as the Gravity Alpha mainnet is gradually being shut down, most of its core services have been migrated to the Gravity Layer 1 (L1) network. Due to the 7-day waiting period for unstaking and fund withdrawals, users holding staked G tokens or Smart Savings balances must complete the required operations before 11:00 AM UTC+8 on October 26, 2026.
Bybit App Homepage Fully Upgraded: "New Financial Platform" Debuts
Bybit has announced that starting with App version 5.26.0, the Bybit App homepage will adopt a multi-tab layout, consisting of "All," "Crypto," "Stocks," "Macro Assets," "Earn," and "Alpha."- "Stocks" tab (newly launched): Supports trading over 10,000 stocks and the full range of TradFi perpetual contracts, allows tracking of global index funds, participation in Pre-IPO and IPO Express and other IPO subscription projects, and adds a new "Smart Money Institutional" module to track the capital movements of well-known institutions.- "Macro Assets" tab (newly launched): Brings together commodities, forex, precious metals, and indices, supports BTC versus traditional asset price change comparison, an economic calendar, and a forex cross-rate matrix, with one-click trading.After the redesign, the "All" and "Crypto" tabs have also been optimized, while "Earn" and "Alpha" remain unchanged.Due to local laws and regulations, some of the above tabs, asset categories, or features (including but not limited to "Stocks" and "Macro Assets") may not be available in certain countries/regions, or may differ.
Middle East Conflict Escalates as Houthi Forces Attack Saudi Airport
Houthi forces launched consecutive attacks on airports in Yemen and Saudi Arabia, resulting in multiple casualties. The Iranian president declared that the nation is in a state of "total war." Due to conflict spillover, maritime shipping through the Strait of Hormuz has been disrupted, and ultra-large crude carrier freight rates have surged to $77 million.
Related news
Onchain Foundation: Suspending LSK Buyback Due to Binance Security Incident, Expected to Resume Next Week
The Onchain Foundation stated that due to the Binance security incident, it has temporarily suspended the LSK buyback program and expects to resume it next week once the situation becomes clearer. The foundation noted that Binance has confirmed it will cover all losses, so it is expected that this incident will not impact the LSK buyback program. After the buyback resumes, the Onchain Foundation will issue a separate announcement.
Zest Protocol: Suspends New Borrowings Due to Binance Security Incident; Existing Positions Remain Overcollateralized
Zest Protocol stated that, out of an abundance of caution, it has suspended new borrowing services following the Binance security incident. Currently, all lending positions on the platform remain over-collateralized, market operations are running well, and Zest Protocol products have no risk exposure to Binance. This suspension is intended to protect users, and the platform anticipates gradually resuming borrowing services in sync with the broader industry.
CoinDCX: Due to related events involving a global liquidity provider, futures trading has been temporarily switched to reduce-only mode.
CoinDCX stated that, due to a recent incident involving a global liquidity provider, platform futures trading has temporarily entered Reduce-Only mode as a precautionary measure. During this period, users will be unable to open new positions or increase existing ones, but can still adjust margin, reduce, or close positions. CoinDCX also confirmed that user funds are safe, with deposit and withdrawal services operating normally. Latest developments will be announced through official channels.
Du Jun: Due to frequent security incidents, many family offices have already swapped BTC for IBIT, or even liquidated their holdings to buy physical gold
Du Jun posted on X: "Family offices that I persuaded years ago to allocate BTC and ETH, after experiencing centralized exchange hacks and cold wallet supply chain security incidents, have one after another swapped their BTC for IBIT, and some simply sold their coins to buy physical gold and other traditional assets. I don't even know how to advise them anymore—it seems there's no solution."
Indodax Suspends Deposits and Withdrawals Due to Cyberattack Risk, States User Assets Are Secure and No Data Breach Detected
Due to an increase in detected cyberattack attempts, Indonesian cryptocurrency exchange Indodax has temporarily suspended user deposits and withdrawals to conduct security assessments and risk mitigation measures. The platform confirmed that all user assets remain secure, with no unauthorized withdrawals or data breaches detected to date. Deposit and withdrawal services will resume once system security is verified, and subsequent updates will be published via official channels.
Banks shelve Texas data center bond issuance tied to Anthropic
According to Bloomberg, multiple banks have delayed plans to sell portions of a $15 billion loan after Texas suspended new construction projects and evaluated their potential impact on the power grid. The financing is earmarked for a Texas data center linked to Anthropic. Due to the postponement of the bond issuance, banks will retain this debt longer than initially anticipated, keeping it on their respective balance sheets. Meanwhile, Anthropic is accelerating its investments in computing infrastructure as it prepares for a major IPO.