News linked to both this project and an event.
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
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.
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.
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.
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.
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.
According to Chaoxiang Research, a Morgan Stanley research report dated October 7, 2026, indicates that Oracle's 10-year USD bond yield has reached 7.5%, while its 5-year credit default swap (CDS) has risen from 57 basis points to 260 basis points. The Wall Street Journal reported that Oracle may be purchasing chips through a third-party entity and leasing them back, though the scale remains undisclosed and the loan-to-cost ratio exceeds 50%. Morgan Stanley considers this structure highly consistent with its long-term hypothesized framework for a chip-leasing SPV, under which the credit exposure is booked as debt on the balance sheet and incorporated into the parent company's adjusted leverage assessment. Morgan Stanley judges that the bond market's reaction is primarily driven by investors' capacity to absorb the broader chip financing wave, with Oracle's individual transaction playing a secondary role. From a trading perspective, the firm recommends buying Oracle's 5-year CDS and selling the 2035 and 2055 maturing bonds, positioning for a deterioration in Oracle's credit profile.
According to The Wall Street Journal, Broadcom is developing custom AI chips for OpenAI and seeking over $50 billion in financing for the project.
Crypto data provider Kaiko announced the completion of a $110 million funding round led by S&P Global, highlighting growing investment interest from Wall Street in tokenized market infrastructure.
Odaily News: Positron, an AI chip startup focused on designing hardware that helps AI models run faster, said it has raised $875 million at a $5 billion valuation, with the company's value surging significantly over the past six months. The round was co-led by venture capital firms NEA, Atreides Management, Valor Equity Partners, Andra Capital, analyst Dylan Patel's SemiAnalysis Capital, and Netscape co-founder Jim Clark.Positron raised $230 million in its most recent funding round in February of this year at a $1 billion valuation. Positron said it has delivered approximately 50 Atlas server racks of its previous generation to Oracle, with other customers including financial firm Jump Trading and AI company Parasail. Positron is trying to gain an edge in the crowded chip industry by bringing its chips to market as quickly as possible. (The Wall Street Journal)
According to The Straits Times, Australian AI infrastructure company Firmus announced a multi-year agreement with OpenAI to supply computing power from two data centers in Malaysia, establishing OpenAI as Firmus's anchor customer. Following the signing of the agreement, Firmus's contracted capacity across its global client portfolio has exceeded 900 megawatts. Backed by institutional investors including Nvidia, Jane Street, Blackstone, and Coatue Management, Firmus holds a recent valuation of over $10.5 billion. The company currently operates data centers in Australia and Singapore, with five additional facilities under development across the Asia-Pacific region. It plans to deploy Nvidia's next-generation Vera Rubin processors at scale in the Asia-Pacific.
Odaily News: Robinhood Markets has officially served as an IPO underwriter for the first time, participating in the listing of smart ring maker Oura. Oura filed for its IPO last Thursday, with an expected listing valuation exceeding $11 billion. Goldman Sachs, Morgan Stanley, and JPMorgan are serving as the lead book-runners for the deal, with Robinhood ranking 18th among the 18 underwriters.In June of this year, Robinhood received regulatory approval to conduct underwriting business, and CEO Vlad Tenev previously stated his desire to "disrupt" the IPO market. As an underwriter, Robinhood is expected to gain more influence in the allocation of IPO shares to its retail clients. (The Wall Street Journal)
According to Reuters, AI data center optical interconnect company iPronics announced the completion of a $125 million Series B financing round, co-led by Maverick Silicon and Light Street Capital, with participation from NVIDIA, Triatomic Capital, Bosch Ventures, Catalight Capital, the European Innovation Council Fund, and others, bringing the company's total funding to $177 million. iPronics primarily provides rack-mounted optical switching equipment for AI infrastructure. Through its programmable optical layer, it enables AI clusters to dynamically adjust network connections in real time according to training and inference workloads. The new capital will be used to scale operations and accelerate commercial deployment.
According to Cryptopolitan, Figure Technology Solutions officially completed its $717 million acquisition of U.S. residential real estate lending institution Kiavi on September 1. The transaction consists of two parts: Figure's acquisition of Kiavi's technology and operations platform, and the establishment of a joint venture with Sixth Street to take over the loan assets. The actual cash consideration paid by Figure was approximately $590 million, primarily financed through the issuance of $600 million in 8.5 percent senior notes maturing in 2031. Following the acquisition, Kiavi is expected to add over $7 billion in annual primary mortgage volume to Figure Connect, with more than $100 million flowing into Figure's on-chain lending platform, Democratized Prime, each month. Kiavi will also bring technological assets such as an AI-driven property valuation engine and automated document review capabilities, becoming the first deployment scenario for Adaptor, Figure's intelligent agent product. Kiavi CEO Arvind Mohan will step into the role of Chief Business Officer at Figure, overseeing platform integration efforts.
Odaily News: Ahead of SoftBank-backed SB Energy's planned IPO, the company offered OpenAI a substantial incentive to secure the AI firm as a tenant for its data centers. According to IPO draft documents, OpenAI has obtained warrants valued at approximately $5.5 billion from SB Energy, following OpenAI's prior investment in the company.SB Energy is expected to publicly file its IPO documents as early as this week. The company is working with bankers and could launch its IPO as soon as next month, targeting a fundraising amount of $5 billion to $7 billion. Currently, SB Energy's data center client base consists of companies that are also its investors. The documents show that SoftBank and OpenAI plan to become tenants in three of SB Energy's data centers. A fourth data center in Schleicher County, Texas, with an installed capacity of 900 megawatts, has yet to secure a client. (The Wall Street Journal)
According to TechCrunch, AI assistant startup Instinct announced it has closed a $250 million Series B round co-led by Index Ventures and Benchmark. Following this round, the company's total funding reached $350 million, with its valuation rising to $2.5 billion. Launched by Spear Street Technology and led by 23-year-old founder Noah Shinn, the product is still in a private testing phase. Users can connect it to their personal apps and devices, interacting with the AI assistant via SMS and phone calls to handle daily tasks such as itinerary planning, shopping, booking events, and managing subscriptions.
Odaily News - As a long-time Wall Street bull, Ed Yardeni, President of Yardeni Research, remains highly enthusiastic. He has raised his year-end S&P 500 target three times this year, from 7,700 points to 8,250 points, and then to 8,400 points. He believes the internet bubble back then was largely driven by the fear of missing out (FOMO), with the S&P 500's forward P/E ratio once climbing to 25 times and the tech sector reaching about 55 times. Today, however, the rally is driven by "fantastic earnings momentum" (FEMO). As earnings expectations continue to be revised upward, market valuation multiples have actually declined. Currently, the semiconductor sector's P/E ratio stands at about 17 times, and the overall market at about 20 times—far below levels seen during the 1999 bubble.Ed Yardeni is more cautious when it comes to the AI rally. He believes there is currently "AI fatigue" in the market, making it difficult to identify the ultimate winners and losers. As such, he does not advise investors to directly chase individual AI stocks. For those looking to gain exposure to the AI theme, a diversified approach through vehicles like the Nasdaq 100 index fund would be more suitable. (Morningstar)
According to Bitcoin News, which cited an opinion piece from The Wall Street Journal, legendary investor Stanley Druckenmiller criticized U.S. Treasury Secretary Scott Bessent's proposal to increase the size of a single long-term Treasury bond repurchase transaction from $2 billion to at least $4 billion, arguing that the measure could overstep its bounds in liquidity management and cross into intervention aimed at suppressing long-term yields. Druckenmiller pointed out that with inflation still running above target, the U.S. fiscal deficit accounting for roughly 6% of GDP, and federal debt exceeding $40 trillion, rising yields may accurately reflect the bond market's rational pricing of deteriorating U.S. fiscal conditions. He warned that if markets believe the Treasury is defending a specific yield level, traders could repeatedly test the limits of government intervention, forcing the repurchase volume to keep expanding. He also maintained that the Treasury's strategy of buying back long-term Treasuries while simultaneously issuing short-term T-bills effectively strips duration risk from the market, closely resembling a small-scale quantitative easing program executed directly by the Treasury. His advice is to allow the bond market to determine the government's financing costs, and to resolve fundamental fiscal imbalances through deficit reduction, entitlement reform, and enhanced debt management.
According to Reuters, the U.S. SEC is investigating AI hedge fund Situational Awareness's trading activities and high-leverage positions during the market turmoil in July, and has issued subpoenas to Wall Street banks including Goldman Sachs, JPMorgan, Citigroup, and Bank of America, requiring them to provide information related to the fund's trades and financing. Situational Awareness was founded by former OpenAI researcher Leopold Aschenbrenner, who previously worked at FTX Future Fund, with assets under management briefly exceeding $20 billion. In July, the fund suffered a monthly loss of approximately 67% due to declines in AI and chip stocks, and was subsequently forced to sell most of its public equity portfolio to Citadel.
Odaily News In a recent interview on Cointelegraph's program Chain Reaction, Lucas Sum, Head of Stock Market Development at Gate, stated that crypto and stocks are quietly converging and increasingly becoming part of the same macro trade. He pointed out that the correlation between the crypto market and the Nasdaq index is currently higher than the five-year average, with the correlation coefficient once exceeding 0.8. Market sentiment is generally cautious at present, with more funds staying in low-risk assets such as stablecoins, as investors await clearer catalysts.Lucas Sum believes that the core narrative of the next market cycle may no longer be "crypto vs. Wall Street," but rather traditional financial assets accelerating their entry into the digital financial system through on-chain infrastructure. The scale of RWA has grown from approximately $12 billion a year ago to over $30 billion, while the scale of tokenized U.S. Treasury bonds has also reached approximately $15 billion, indicating that on-chain financial infrastructure continues to expand. Meanwhile, macro liquidity, real yields, and regulatory clarity remain key factors influencing the performance of risk assets. Against this backdrop, investors' focus is shifting from single-asset allocation to coordinated allocation across multiple asset classes. Lucas Sum noted that Gate is continuously expanding its stock business, currently covering U.S., Hong Kong, and Korean stock markets, with plans to extend further into more global markets to provide the necessary infrastructure for multi-asset investment.