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Strive plans to issue up to $1 billion in SATS preferred shares via ATM.
According to U.S. SEC filings, Strive, Inc. filed a Form 424B5 prospectus supplement on October 26, announcing sales agreements with Cantor Fitzgerald, Barclays, Clear Street, StoneX, B. Riley, Maxim Group, and H.C. Wainwright to issue up to $1 billion in aggregate of 15.00% Series A Perpetual SATS Preferred Stock through an at-the-market (ATM) offering. Agent commissions are capped at 2.0% of gross proceeds. The SATS Preferred Stock trades on the Nasdaq Global Market, closing at $94.88 per share on October 23, below the $100 initial liquidation preference. Of the 7 million shares currently outstanding, the newly offered shares will carry identical terms. Based on a $100 par value, the preferred stock carries an annual cumulative dividend rate of 15%. Upon the closing of its IPO on October 20, the company established a dividend reserve by depositing $22.50 per share into an account to cover dividend payments for the first 18 months. Additionally, if the public float falls below 25% of the total shares issued in the initial offering and subsequent additions, or in the event of a "tax event," the company retains the right to redeem all shares. In the event of a "fundamental change," holders have the right to require the company to redeem at par plus accrued
SK Hynix Abandons Solidigm U.S. IPO Plan, Regulatory and Shareholder Pressure Become Key Factors
According to The Wall Street Journal, SK Hynix has officially called off the U.S. IPO plan for its memory chip subsidiary Solidigm and terminated the concurrent pre-IPO financing. The company said the decision was primarily based on recent capital market conditions and stock price trends, and does not signal any changes in Solidigm's business outlook or investment needs.
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.
Holding 35,600 BTC, Strive's stock price target raised to $56 by TD Cowen
Odaily Sees: Bitcoin News posted on X that Strive, after weeks of sustained buying, reportedly holds 35,600 BTC and has drawn attention from Wall Street. TD Cowen raised its price target on Strive's stock from $44 to $56 on October 16. Strive priced an offering of 7 million preferred shares at $90 per share, raising approximately $630 million in gross proceeds (before fees); this approach avoids immediate dilution of common stock but requires dividend payments. Strive's stock fell 6.1% on Friday, in sync with Strategy.
Bitcoin mining company Genesis Digital Assets will pivot to AI data centers
According to The Wall Street Journal, Bitcoin mining company Genesis Digital Assets will transition to an AI data center. In June, SWI Group invested $500 million to acquire a large stake in the company, subsequently becoming the controlling shareholder, and announced on October 12 a funding raise of 8 billion euros (approximately $9 billion) for data center upgrades and expansion.
Amazon is in talks to acquire AI startup Decart, with a potential valuation of $7 billion.
According to The Wall Street Journal, sources familiar with the matter revealed that Amazon is in talks to acquire artificial intelligence startup Decart at a potential valuation of approximately $7 billion. Insiders noted that if negotiations proceed smoothly and no new bidders emerge, the deal could be finalized soon.
OpenAI fires three security researchers over investigation into Signal chats and model information leaks
According to The Wall Street Journal, OpenAI fired three security researchers. Internal security staff previously discovered that they had been exchanging disappearing messages via Signal with external AI safety researchers, and suspected that the chats contained sensitive information, including details about OpenAI’s internal model design. The investigation reportedly began following a September article on OpenAI’s latest model, Astra. The report noted that Astra employs a new design that enhances model capabilities while reducing human-observable reasoning processes. OpenAI viewed the article as a potential leak of internal model design and began tracing the source.
SK Hynix Abandons Solidigm U.S. IPO Plan, Regulatory and Shareholder Pressure Become Key Factors
According to The Wall Street Journal, SK Hynix has officially called off the U.S. IPO plan for its memory chip subsidiary Solidigm and terminated the concurrent pre-IPO financing. The company said the decision was primarily based on recent capital market conditions and stock price trends, and does not signal any changes in Solidigm's business outlook or investment needs.
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.
Polymarket Chief Marketing Officer Matthew Modabber has been fired following an internal investigation into controversies involving misleading marketing practices.
According to The New York Post, which cited sources familiar with the situation, prediction market platform Polymarket has terminated its Chief Marketing Officer, Matthew Modabber. He is a high school classmate and close ally of CEO Shayne Coplan, and has served in the role since January 2024. Prior to this, the company conducted an internal investigation into multiple controversies involving Modabber. In one instance, as reported by The Wall Street Journal in June, his team allegedly created fraudulent websites to promote staged videos claiming users had profited from fake trades. This incident prompted an investigation by the U.S. Commodity Futures Trading Commission (CFTC), though no violations have been confirmed to date. Separately, Politico reported that he allegedly used a personal PayPal account to pay influencers for promotional content without disclosing the business relationship. Sources stated that Coplan was initially frustrated with the legal team driving the dismissal decision, but later came to agree that terminating Modabber was in the best interest of the company. Board members believe Modabber hindered efforts to distance the company from its grassroots startup image amid preparations for a potential initial public offering (IPO). Both parties are currently finalizing the terms of his departure agreement, and Polymarket has declined to comment.
MAS: Could Shift to Looser Policy After AI Boosts Productivity
According to The Straits Times, Edward Robinson, Chief Economist at the Monetary Authority of Singapore, stated on October 20 at the Beijing Financial Street Forum that while central banks may consider easing monetary policy once artificial intelligence generates widespread productivity gains, the current AI investment boom is fueling demand, requiring policies to remain appropriately restrictive. He noted that AI-related investments are driving economic growth, but the technology has yet to deliver significant productivity improvements across the broader economy, and urged a gradual, data-dependent approach. The Monetary Authority of Singapore tightened monetary policy in April and July 2026 due to rising inflation risks, and maintained its stance unchanged in October; its October 14 statement warned that if the AI boom generates wider economic spillovers and pushes up unit labor costs, domestic inflation could remain elevated. Robinson said that AI-driven electronics accounted for more than 70% of Asia's export growth this year, but growth in industries producing AI-related technologies was driven primarily by increased investment and more intensive use of existing resources rather than efficiency gains. Citing OECD estimates, he added that with sufficiently broad adoption and appropriate investment, AI could boost annual total factor productivity growth by as much as 0.6 percentage points.
Jin10 Roundup: Financial Street Forum Kicks Off, Nvidia Denies Rumors
The Financial Street Forum Annual Meeting has opened and regulators are set to speak, while leading A-share companies such as Montage Technology launch share buybacks. NVIDIA states that the RTX 5090 shortage is merely due to capacity constraints. Protests occur in multiple European countries and the euro declines, as Iran's new defense minister is approved.
Three Wall Street Firms Recommend Buying Crypto Stocks on the Dip, Say Binance Hack Unlikely to Derail Market Recovery
Odaily report: Analysts from three Wall Street firms—Cantor Fitzgerald, TD Cowen, and Compass Point—all believe that despite Binance suffering an approximately $6.3 billion hack, there is currently insufficient evidence to suggest the incident will threaten the broader crypto market, and the market's prior recovery trend is unlikely to be interrupted as a result.Cantor Fitzgerald analyst Ramsey El-Assal noted that Tether has frozen over $1.5 billion in stolen assets, Circle has frozen approximately $800 million, and Ripple has frozen about $200 million, with Binance stating that the total frozen stolen funds currently amount to roughly $3 billion. He believes the crypto industry is gradually improving its ability to respond to such security incidents and expects crypto-related stocks such as Coinbase, Robinhood, and Strategy to rebound once market panic subsides, recommending that investors buy on the dip.TD Cowen analyst Lance Vitanza believes the attack exposed security weaknesses in Binance's own transaction signing infrastructure rather than flaws in the underlying technology of cryptocurrencies like Bitcoin, and that the market sell-off may present an opportunity to accumulate Bitcoin and shares of listed companies holding Bitcoin.Compass Point analysts believe Binance has sufficient liquidity to cover the funding gap, and expect its excess USDT reserves, BTC reserves, and USDC funds to be adequate to absorb the losses. However, the firm also warned that Binance compensating customers could put pressure on stablecoin supply and may drive users to migrate from centralized exchanges to competing platforms such as Coinbase, Bullish, and Hyperliquid. (CoinDesk)
Analysts: Microsoft's earnings report shows cloud computing capacity is sufficient to meet strong demand.
Analysts at Yorkville Ives wrote that Microsoft's (MSFT.O) earnings report indicates the company is capable of fully capitalizing on the massive demand in the cloud computing market. Analysts noted that Microsoft Azure revenue surpassed Wall Street expectations, with the cloud computing business being a key driver of Microsoft's stock performance. Prior to the earnings release, the market had already clearly recognized AI-driven demand, but it remains uncertain whether Microsoft can ramp up capacity quickly enough.
SOL perpetual contract trading share drops to 6%, Solana seeks transformation to shed Meme coin dependence and compete for Wall Street market
A Galaxy Research report shows that Meme coins' share of Solana trading volume has fallen from over 50% at the end of 2024 to 15%–20% in Q2 2026. In addition, SOL has declined nearly 20% year-to-date, and U.S.-listed spot and staked SOL ETFs recorded outflows for two consecutive weeks this month, totaling approximately $50 million. Meanwhile, Solana's share of on-chain perpetual contract trading volume has dropped from 17% to 6%. The Solana Foundation has reportedly issued a statement saying that Solana's transformation is underway, attempting to shift from a growth model reliant on Meme coins and speculative trading toward more mainstream financial applications such as stablecoins and tokenized assets, in a bid to win adoption from Wall Street institutions.However, with the crypto market downturn and the rise of competitors such as Hyperliquid, Solana faces challenges in transforming its growth model. Market analysts point out that the key to Solana's future lies in whether it can attract stable assets, developers, and users, rather than relying solely on speculative trading to drive growth. (Bloomberg)
Kalshi plans to launch US CPI futures in December, targeting major Wall Street banks and hedge funds
Odaily reports: Prediction market platform Kalshi plans to launch exchange-traded futures contracts tracking the US Consumer Price Index (CPI) and core CPI in December. It is pitching the products to major banks and hedge funds and has hired former Barclays trader Michael Ashton, known as "Mr. Inflation," to design the contracts and expand institutional clients. If launched, this would become a unique futures product directly tracking CPI, helping institutional investors hedge against inflation and Federal Reserve interest rate change risks, and further positioning Kalshi to enter the traditional derivatives market dominated by CME Group (CME) and Intercontinental Exchange (ICE). Kalshi has confirmed it is developing CPI futures but did not disclose specific launch details. (Bloomberg)
Lion Group Liquidates SOL and Trims BTC, Adds Approximately 38,100 HYPE to Holdings
Odaily News: Nasdaq-listed company Lion Group Holding (NASDAQ: LGHL) announced an adjustment to its digital asset reserves, selling its entire SOL position and part of its BTC holdings on September 29, and using the proceeds to purchase an additional approximately 38,102 HYPE.Following this adjustment, Lion Group holds approximately 232,900 HYPE, valued at approximately $20.1 million. The company stated that this transaction did not involve selling its existing HYPE holdings, and its digital asset reserves are further concentrating toward HYPE. (The Wall Street Journal)
Investment banking analysts note that the SEC's new rules are unlikely to change the current state of sluggish demand for tokenized stocks.
After the SEC approved a pilot program for tokenized stock trading, Wall Street investment bank analysts pointed out that due to high compliance costs and liquidity constraints, actual market demand for tokenized stocks remains very limited.
Cantor and Other Wall Street Institutions See Buying Opportunity in Crypto Stock Pullback After Binance Hack
Cantor highlighted Coinbase, Robinhood, and Strategy, expecting share prices to rebound once the panic subsides; TD Cowen believes this incident exposes Binance's own security vulnerabilities, while Compass Point stated that its liquidity is sufficient to cover the losses.
Three Wall Street Firms Recommend Buying Crypto Stocks on the Dip, Say Binance Hack Unlikely to Derail Market Recovery
Odaily report: Analysts from three Wall Street firms—Cantor Fitzgerald, TD Cowen, and Compass Point—all believe that despite Binance suffering an approximately $6.3 billion hack, there is currently insufficient evidence to suggest the incident will threaten the broader crypto market, and the market's prior recovery trend is unlikely to be interrupted as a result.Cantor Fitzgerald analyst Ramsey El-Assal noted that Tether has frozen over $1.5 billion in stolen assets, Circle has frozen approximately $800 million, and Ripple has frozen about $200 million, with Binance stating that the total frozen stolen funds currently amount to roughly $3 billion. He believes the crypto industry is gradually improving its ability to respond to such security incidents and expects crypto-related stocks such as Coinbase, Robinhood, and Strategy to rebound once market panic subsides, recommending that investors buy on the dip.TD Cowen analyst Lance Vitanza believes the attack exposed security weaknesses in Binance's own transaction signing infrastructure rather than flaws in the underlying technology of cryptocurrencies like Bitcoin, and that the market sell-off may present an opportunity to accumulate Bitcoin and shares of listed companies holding Bitcoin.Compass Point analysts believe Binance has sufficient liquidity to cover the funding gap, and expect its excess USDT reserves, BTC reserves, and USDC funds to be adequate to absorb the losses. However, the firm also warned that Binance compensating customers could put pressure on stablecoin supply and may drive users to migrate from centralized exchanges to competing platforms such as Coinbase, Bullish, and Hyperliquid. (CoinDesk)
Justin Sun: From Studying Alone at Age 9 to Steering TRON, "Ultimate Solitude Is Also a Form of Freedom"
TRON founder Justin Sun recently gave an exclusive interview to Bonnie Blockchain, making it rare for him to open up about his personal upbringing and industry judgments. Sun revealed that at age nine, he was sent to boarding school by his parents, who later divorced, forcing him to live independently from that point onward. He summarized this experience as "extreme loneliness is also a form of freedom"—while most people do not truly make decisions for themselves until they are 18 or even 30, he began doing so at age nine. This premature independence shaped the underlying mindset behind his later audacious moves, such as paying $6.2 million for an absurdly priced banana, signing deals with Moon, and bidding on a lunch with Warren Buffett. Sun issued a warning regarding Quantum Threat Day (Q-Day), stating that if quantum computers crack Satoshi Nakamoto's early public keys, approximately one million BTC could be unlocked, delivering a catastrophic impact on the market—a risk he believes Wall Street and institutions like BlackRock have severely underestimated. While the Bitcoin community has been slow to upgrade, TRON has already deployed NIST post-quantum cryptography standards on its testnet. Sun also established the "Justin Sun Award," offering up to $1 million in rewards through a vulnerability bounty model for major mathematical breakthroughs, open to both humans and AI, with OpenAI already securing one of the top prizes.
"White-Haired Stock God" Serenity Slams the Paid Investment Research Community: Would Rather Share Openly Than Sell "Wall Street Secrets"
The self-proclaimed "White-Haired Stock Guru" Serenity posted that he recently observed a disappointing pattern: first attempting to compete for the same audience, then quickly funneling traffic toward paid communities or high-priced services. After he refuses to join or promote paid groups, they switch to personal attacks, framing them as "fundamental viewpoint disagreements." When he first joined X, financial content was saturated with luxury watches, private jets, options trading, and promotions for "Wall Street Secrets" paid communities and technical analysis charts. Consequently, he has always aimed to take a different approach by publicly sharing his research and investment logic, making it freely accessible to everyone so they can form their own judgments. Serenity added that although some had previously claimed he would eventually raise the subscription price to $100, his rate has consistently remained at $1 for months and will continue to be kept at the lowest possible price. He also outlined his investment perspectives on stocks such as AXTI, NBIS, AEHR, MU, and INTC. Serenity noted that some investment themes may not be verifiable until 2027–2028, covering subjects related to Sivers, Foci, and Shunsin. Finally, Serenity emphasized that not every investment thesis needs to be right, as uncertainty is inherent to research. Rather than seeing information increasingly trapped behind a $100 paywall or diluted by engagement-bait content, he hopes X will cultivate a new culture centered on openly sharing investment logic, enabling everyone to learn from rigorous research.
Loss of approximately $130 million: Coldcard firmware vulnerability leads to the theft of around 2,000 BTC
Odaily News: Part of hardware wallet manufacturer Coldcard's firmware had a random number generation vulnerability in 2021, causing some mnemonic phrases generated by the devices to carry predictable risks. The vulnerability was only discovered years later, and by then approximately 5,200 addresses and around 2,000 BTC had been stolen, with losses totaling about $130 million. Following the incident, some investors turned to Wall Street custody products. U.S. spot Bitcoin ETFs saw net inflows of approximately $626 million within days of the event. ETF analyst Eric Balchunas noted that security incidents like this could further drive capital flows into ETFs. The Bitcoin core community continues to uphold the principle of self-custody. Casa co-founder Jameson Lopp said recent events should not weaken user confidence in self-custody, as third-party custody carries risks as well. Early Bitcoin Core developer Peter Todd stated that self-custody has a better long-term security track record than centralized institutions. Michael Tanguma, co-founder of Bitcoin custody platform Onramp, said both approaches have flaws: concentrating large amounts of assets in a single institution creates a "honey pot," while hardware wallets face risks related to supply chains, firmware, and random number generation. Michael Tanguma proposed a "multi-institution custody" approach, in which multiple regulated institutions each hold keys through a multi-signature mechanism, and any transaction requires joint signing by multiple institutions to reduce the risk of single points of failure. Critics argue that while multi-institution custody improves security, it also introduces permissioned management, which conflicts with the decentralized ideals Bitcoin originally pursued. As Bitcoin enters pension funds, trusts, and institutional asset allocation, the industry is seeking custody solutions suitable for long-term wealth management. How to strike a balance among security, decentralization, and usability remains a challenge facing the Bitcoin ecosystem.
Blockchain Association Refutes Wall Street Journal: Clarity Act Is Pro-Innovation Legislation Promoting Competition, Not A Regulatory Loophole
Mersinger pointed out that the bill explicitly prohibits the portion of stablecoin holding rewards equivalent to bank deposit interest, but allows reward mechanisms based on user activity, consistent with the credit card points model; regarding DeFi regulation, Section 10301 of the bill requires the SEC to establish rules for protocols that are "nominally decentralized, substantially controllable," rather than exempting them, while Section 10201 has incorporated digital commodity brokers into the full reporting obligations under the "Bank Secrecy Act" and allocated $3 billion to support state-level enforcement, contrary to the "Wall Street Journal"'s claim of "inadequate regulation of illicit finance."
Elon Musk retweeted Stan Druckenmiller's tweet disclosing his investment in Trade.xyz, commenting "Interesting"
Odaily reports: Elon Musk retweeted Wall Street legendary investor Stan Druckenmiller's tweet disclosing his investment in Trade.xyz, and said "Interesting."Earlier news: Stan Druckenmiller (@standuquesne) posted his first tweet, stating that he has become an investor in Trade.xyz. Trade.xyz is collaborating with Intercontinental Exchange (ICE) and plans to bring Hyperliquid-based 24/7 perpetual futures to the United States. Stan Druckenmiller stated that as a market participant, he looks forward to using this product to improve his investment process.
Renowned Wall Street investor Stanley Druckenmiller discloses investment in Trade.xyz
Legendary Wall Street investor Stan Druckenmiller posted his first tweet stating that he has invested in Trade.xyz, expressing support for the platform's collaboration with the Intercontinental Exchange (ICE) to bring around-the-clock perpetual futures trading to the U.S. market. Druckenmiller stated that as a market participant, he looks forward to using the platform's innovative products to optimize his investment decision-making process.
SOL perpetual contract trading share drops to 6%, Solana seeks transformation to shed Meme coin dependence and compete for Wall Street market
A Galaxy Research report shows that Meme coins' share of Solana trading volume has fallen from over 50% at the end of 2024 to 15%–20% in Q2 2026. In addition, SOL has declined nearly 20% year-to-date, and U.S.-listed spot and staked SOL ETFs recorded outflows for two consecutive weeks this month, totaling approximately $50 million. Meanwhile, Solana's share of on-chain perpetual contract trading volume has dropped from 17% to 6%. The Solana Foundation has reportedly issued a statement saying that Solana's transformation is underway, attempting to shift from a growth model reliant on Meme coins and speculative trading toward more mainstream financial applications such as stablecoins and tokenized assets, in a bid to win adoption from Wall Street institutions.However, with the crypto market downturn and the rise of competitors such as Hyperliquid, Solana faces challenges in transforming its growth model. Market analysts point out that the key to Solana's future lies in whether it can attract stable assets, developers, and users, rather than relying solely on speculative trading to drive growth. (Bloomberg)
Janus Henderson launches the first licensed Nasdaq 100 tokenized fund JQQQ, deployed on Stellar.
According to The Block, citing the Wall Street Journal, asset manager Janus Henderson is launching JQQQ, the first licensed tokenized fund tracking the Nasdaq 100 Index. The fund leverages technology from Centrifuge and is deployed on the Stellar blockchain. Initially, JQQQ will be open only to eligible non-US professional investors, with a minimum investment of $100,000.
Wall Street banks like JPMorgan tighten restrictions on AI agent trading permissions
Odaily reports: Major U.S. banks including JPMorgan, Bank of America, and Citigroup are tightening restrictions on third-party AI agents' access to customer accounts and their ability to execute transactions. Citigroup prohibits unauthorized third-party agents from logging in or trading directly through digital platforms, but allows some approved connections with read-only access to account information.JPMorgan CEO Jamie Dimon said during the October 13 earnings call that external agents should not be allowed unrestricted access to bank systems; Bank of America CEO Brian Moynihan emphasized that payments must be authorized by humans. Wells Fargo's updated access agreement is scheduled to take effect on November 24, distinguishing between viewing financial information and executing transactions. (Bitcoin.com News)
China's Central Bank: Ensure Effective Financial Support for AI Industry Development
At the opening ceremony of the 2026 Financial Street Forum Annual Conference, Pan Gongsheng, Governor of the People's Bank of China, stated that the rapid global development of artificial intelligence is profoundly affecting productivity, investment, employment, income distribution, and financial stability. From the perspective of the People's Bank of China, it will closely monitor and assess the macroeconomic impacts of AI development, strengthen financial support for the AI industry, and prudently advance the application of artificial intelligence in the financial sector.
Related news
Cantor and Other Wall Street Institutions See Buying Opportunity in Crypto Stock Pullback After Binance Hack
Cantor highlighted Coinbase, Robinhood, and Strategy, expecting share prices to rebound once the panic subsides; TD Cowen believes this incident exposes Binance's own security vulnerabilities, while Compass Point stated that its liquidity is sufficient to cover the losses.
Three Wall Street Firms Recommend Buying Crypto Stocks on the Dip, Say Binance Hack Unlikely to Derail Market Recovery
Odaily report: Analysts from three Wall Street firms—Cantor Fitzgerald, TD Cowen, and Compass Point—all believe that despite Binance suffering an approximately $6.3 billion hack, there is currently insufficient evidence to suggest the incident will threaten the broader crypto market, and the market's prior recovery trend is unlikely to be interrupted as a result.Cantor Fitzgerald analyst Ramsey El-Assal noted that Tether has frozen over $1.5 billion in stolen assets, Circle has frozen approximately $800 million, and Ripple has frozen about $200 million, with Binance stating that the total frozen stolen funds currently amount to roughly $3 billion. He believes the crypto industry is gradually improving its ability to respond to such security incidents and expects crypto-related stocks such as Coinbase, Robinhood, and Strategy to rebound once market panic subsides, recommending that investors buy on the dip.TD Cowen analyst Lance Vitanza believes the attack exposed security weaknesses in Binance's own transaction signing infrastructure rather than flaws in the underlying technology of cryptocurrencies like Bitcoin, and that the market sell-off may present an opportunity to accumulate Bitcoin and shares of listed companies holding Bitcoin.Compass Point analysts believe Binance has sufficient liquidity to cover the funding gap, and expect its excess USDT reserves, BTC reserves, and USDC funds to be adequate to absorb the losses. However, the firm also warned that Binance compensating customers could put pressure on stablecoin supply and may drive users to migrate from centralized exchanges to competing platforms such as Coinbase, Bullish, and Hyperliquid. (CoinDesk)
Elon Musk retweeted Stan Druckenmiller's tweet disclosing his investment in Trade.xyz, commenting "Interesting"
Odaily reports: Elon Musk retweeted Wall Street legendary investor Stan Druckenmiller's tweet disclosing his investment in Trade.xyz, and said "Interesting."Earlier news: Stan Druckenmiller (@standuquesne) posted his first tweet, stating that he has become an investor in Trade.xyz. Trade.xyz is collaborating with Intercontinental Exchange (ICE) and plans to bring Hyperliquid-based 24/7 perpetual futures to the United States. Stan Druckenmiller stated that as a market participant, he looks forward to using this product to improve his investment process.
Renowned Wall Street investor Stanley Druckenmiller discloses investment in Trade.xyz
Legendary Wall Street investor Stan Druckenmiller posted his first tweet stating that he has invested in Trade.xyz, expressing support for the platform's collaboration with the Intercontinental Exchange (ICE) to bring around-the-clock perpetual futures trading to the U.S. market. Druckenmiller stated that as a market participant, he looks forward to using the platform's innovative products to optimize his investment decision-making process.
Analysis: Anthropic IPO Could Ignite AI Stock Rebound as Tech Short Bets Surge
Odaily Report: Wall Street's recent risk-off sentiment toward equities may have set the stage for a strong market rebound. If Anthropic's planned IPO rekindles investor enthusiasm for artificial intelligence, tech stocks in particular could be poised for a rally. Data from Deutsche Bank shows that investors have reduced equity exposure to levels broadly in line with historical norms. Active investors' exposure to U.S. stocks has fallen to its lowest level in over a month, and funds employing computer-driven trading strategies have also trimmed positions. Once market confidence recovers, there is still room for a new wave of buying. Hedge funds have acted more aggressively, increasingly betting on falling stock prices.Goldman Sachs Group said that this month, for every $1 of stocks its hedge fund clients bought, they shorted about $5 of stocks. The firm's records show that the scale of hedge funds borrowing funds to bet on falling stock prices is now near the highest level in five years. If stocks subsequently strengthen, these short bets could instead become a catalyst for gains, forcing those betting on declines to buy shares to close out their positions. (Bloomberg)
Analysts: Microsoft's earnings report shows cloud computing capacity is sufficient to meet strong demand.
Analysts at Yorkville Ives wrote that Microsoft's (MSFT.O) earnings report indicates the company is capable of fully capitalizing on the massive demand in the cloud computing market. Analysts noted that Microsoft Azure revenue surpassed Wall Street expectations, with the cloud computing business being a key driver of Microsoft's stock performance. Prior to the earnings release, the market had already clearly recognized AI-driven demand, but it remains uncertain whether Microsoft can ramp up capacity quickly enough.