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10/27
21:23
Luxor Technology raised $16 million to expand into AI hardware brokerage and computing-power trading, betting on a new market for trading computing power. The Seattle-based company, known for its Bitcoin mining services, announced on Tuesday that the funding round was led by CMT Digital, with participation from Bitcoin mining equipment makers Canaan and MicroBT. The move comes as Bitcoin mining companies increasingly convert their facilities into data centers and rent out computing power for AI workloads, with publicly traded miners having signed over $70 billion in AI and high-performance computing contracts by the end of March, according to CoinShares data.
21:22
Indonesian and Singaporean foreign ministers agreed on Tuesday, October 27, to establish a joint working group aimed at pursuing corporate accountability for forest fires. This development follows disputes between the two countries over transboundary haze and Indonesia's potential risk of an MSCI rating downgrade, with Indonesia escalating threats to cut off energy exports to Singapore.
21:17
According to public fund third-quarter reports compiled by Tianxiang Investment Consulting, bond funds' total scale exceeded 12.6 trillion yuan as of the end of the third quarter, reaching a new historical high. Compared to the end of the second quarter, the scale of bond funds increased by over 500 billion yuan, with net subscriptions exceeding 280 billion units. This made bond funds the category with the highest net subscriptions among the seven major types of funds, which include equity funds, hybrid funds, bond funds, money market funds, commodity funds, QDII, and FOFs. (China Securities Journal)
21:17
Anthropic disclosed in its IPO filing that the company's revenue reached $16.3 billion in the first half of this year, a 14-fold increase from the same period last year. Net loss for the same period was $80.7 billion, of which $72.4 billion was due to a one-time accounting adjustment. As of June 30, the company held approximately $132 billion in cash, cash equivalents, and liquid investments, surpassing hyperscale companies like Amazon and Meta.
21:17
AI company Anthropic's IPO prospectus, filed on Monday, lists over a dozen China-related risks in its "Risk Factors" section. These include competition from open-weight models, U.S.-China geopolitical tensions, and supply chain vulnerability due to reliance on TSMC for chip manufacturing. The document notes that China's rise in open-weight models could put pressure on Anthropic's product pricing. Additionally, U.S. export controls on advanced chip technology might affect its operating costs and chip supply. Anthropic also disclosed that up to 7% of its revenue in the first nine months of this year was linked to Chinese accounts violating its usage policies, a revenue stream it expects to shrink after enhanced enforcement.
21:13
Yemen's Houthi rebels claimed their forces thwarted an advance by government troops in the southern direction of the Bab el-Mandeb Strait. Yahya Saree, the group's military spokesperson, stated that government forces were attacked with ballistic missiles and heavy weapons, resulting in numerous casualties and the destruction of several military vehicles.
21:12
Glassnode's October 26 report shows that the value of transfers on the Bitcoin network surged 26% to $5.5 billion last week, but transaction fees collected by miners decreased by 8.8% to $185,200.

The report notes that daily active addresses also fell by 2.2% to 615,200, indicating a widening divergence between the volume of funds flowing on the Bitcoin network and miners' revenue source (transaction fees). Currently, transaction fees account for less than 1% of miners' total revenue, making miners' income heavily reliant on Bitcoin price fluctuations and the upcoming block reward halving.
21:11
Fintech company SoFi reported $161.6 million in cryptocurrency revenue for the third quarter, with net cryptocurrency transaction revenue at $1.6 million. Although net cryptocurrency transaction revenue increased by 38% from the second quarter, this business only accounted for 0.3% of SoFi's total financial services segment revenue.
21:11
CATL announced that it has signed a Memorandum of Understanding (MOU) with INTILION, a European energy storage solution provider. Over the next five years, the two parties will deploy 3GWh of CATL's Tianheng energy storage systems in Germany, Switzerland, Austria, and other regions, to be applied in grid-scale and commercial & industrial scenarios.
21:09
Coinbase CEO Brian Armstrong retweeted Kevin Weil's announcement of co-founding Warp Sciences. The company aims to apply AI and robotics to drug discovery and development to accelerate new drug creation. Warp Sciences has completed a $215 million Series A funding round led by Lightspeed Venture Partners, with the goal of bringing cutting-edge AI from browsers into labs and enhancing U.S. leadership in science. Kevin Weil co-founded the company with long-time friend D. Patil, FAIR co-founder Manohar Paluri, and drug researcher Sol Reisberg.
21:06
Bitcoin mining company Luxor Technology has completed a $16 million funding round led by CMT Digital, with participation from mining hardware manufacturers Canaan and MicroBT. The funds will be used to expand Luxor's AI computing, hardware, and derivatives businesses, marking the latest trend of crypto infrastructure companies transitioning into the artificial intelligence sector.
21:05
Robinhood is set to release its Q3 earnings report, while its tokenized stock business faces opposition from the U.S. Securities and Exchange Commission (SEC) and several companies. Previously, a conservative non-profit organization published a full-page advertisement in The Wall Street Journal, warning public company CEOs about the risks of tokenized stocks and noting that the SEC has granted companies a 30-day opt-out right. As of October 23, 22 companies (including Microsoft, Alphabet, Goldman Sachs, Wells Fargo, etc.) have opposed the tokenization of their stocks on the OKX-ICE platform, representing 35% of the companies planned for listing on that platform. In its debut quarter, Robinhood Chain's tokenized stock trading volume reached $13.7 billion, accounting for one-fifth of the total on-chain trading volume, making this business crucial to Robinhood's ecosystem.
21:04
General Compute announced the completion of a $100 million Series A funding round, led by Blackbird Ventures and Abstract Ventures, bringing the company's post-money valuation to $800 million. The company focuses on building cloud services using specialized inference chips outside the NVIDIA ecosystem. It previously secured a $400 million chip procurement agreement with SambaNova and has added Positron and Cerebras as chip suppliers. This move aims to address current market concerns about potential consolidation and recession in the "new cloud" sector.
21:04
Iranian President Masoud Pezeshkian has signaled that Tehran remains open to negotiations, a development deemed "very important and significant" by Mehran Kamrava, a professor of government at Georgetown University in Qatar. Kamrava told Al Jazeera that Pezeshkian's signal indicates Iran is ready to negotiate and the door remains open.

This comes amidst a flurry of diplomatic activity, including top Iranian military officials meeting with senior Saudi, Pakistani, and Turkish officials on Monday to defuse regional tensions. Additionally, Russian Foreign Minister Sergey Lavrov visited Tehran last week, and a high-ranking Qatari delegation was there recently.

However, Kamrava highlighted immediate obstacles to negotiations, citing the closure of the Strait of Hormuz, Iran’s constant harassment of shipping in the Strait, and the United States' blockade of Iranian ports. He noted that these issues are central to the debate between Tehran and Washington, particularly regarding who would lift what sanctions or initiatives first.
21:03
Deutsche Bank analyst Jim Reid stated that the S&P 500 index may be approaching its final decline for 2026. Historical seasonality data shows that in 21 of the past 23 midterm election years, the stock market has risen in the three months following early October, signaling a bullish pattern before the November 3 midterm elections.

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