News linked to this event type.
According to OKX's official announcement, OKX will list the Pre-IPO OURAUSD X contract.The Pre-IPO X contract is a USD-settled futures contract whose underlying reference asset is a company that has not yet completed its IPO, allowing users to trade changes in its valuation.
Odaily News: Coinbase plans to relaunch Coinbase Pro by the end of this year, supporting spot, futures, perpetual contracts, options, and equities trading, and has completed its integration with Deribit to create the Coinbase Global exchange. Within the coming weeks, eligible traders outside the United States will gain access to options trading, with options trading expected to go live; U.S. retail traders are expected to gain access later this year. U.S. institutional clients can trade Deribit options and perpetual futures through Coinbase Prime, and use custody, financing, and staking services on the same platform.
former federal prosecutor Renato Mariotti pointed out that the SEC's crypto asset FAQ, published on September 25 and updated on September 28, is merely non-binding staff guidance that can serve as a reference but is not a "protective charm." The FAQ, issued by the SEC's Division of Corporation Finance, addresses topics including staking receipt tokens, decentralized network buyback programs, and how marketing communications fit into the Howey test, but it does not name any specific assets or protocols and only provides principle-based statements. Mariotti stated that the FAQ only reflects the views of SEC staff, has not been formally approved by the Commission, and carries no legal force; since the rule proposed on August 18 has not yet been finalized and the Clarity Act is stalled in Congress, industry participants still need to rely on staff commentary to make their own judgments regarding disclosure and token design.
Luca Netz posted on X that Abstract is gradually shutting down, and its parent company Igloo Inc. will shift all of its focus to Pudgy Penguins, Pudgy NFTs, and PENGU. Igloo has continued to provide funding support for Abstract over the past 18 months. Over its two years of operation, the project has accumulated losses in the tens of millions of dollars and has still not found product-market fit (PMF).He said that Abstract had previously processed over 300 million onchain transactions, launched Portal and AGW, and attracted multiple global brands to join, but issues such as an insufficient DeFi ecosystem, limited liquidity, low institutional participation, high costs, and declining demand for related products continued to constrain growth. In the end, Igloo Inc. could no longer continue diverting funds from the Pudgy Penguins business to support Abstract, and it did not choose to raise funds through token issuance or an ICO.
Navra has announced the completion of an oversubscribed $19 million Series A funding round, led by Ribbit Capital, with participation from Baseline, DCM, and others. Jump Crypto and Figure Technology Solutions are strategic investors. Navra primarily provides access to multiple blockchain venues through a single interface, with direct connections to DeFi yield protocols and cash ramps. It offers keyless self-custody services that meet qualified custody requirements, with built-in AI agents; the institutional version also supports enterprise team management and full audit trails.
SpaceX plans to raise $40 billion through Apollo-led financing, with funds specifically allocated for purchasing Nvidia chips to advance the construction of its AI compute infrastructure.
Odaily News — Crypto collateral protocol Anvil has announced the completion of a $5 million governance token purchase, led by venture capital firm Founders Fund, with participation from Pantera Capital, Theta Blockchain Ventures, Bullish, and Protoscale Capital.Anvil has launched a software development kit to help enterprises and financial institutions integrate its digital asset collateral technology without writing blockchain code. The protocol uses collateral to secure financial commitments, without requiring collateral providers to borrow or pay interest. (CoinDesk)
Founders Fund led a $5 million governance token purchase for the Anvl Protocol, with participation from Pantera Capital and other institutions. The funding comes from Anvl's existing treasury, not from newly issued tokens.
Antseed Foundation has announced the completion of a $2.4 million token round, led by Spark Capital, with participation from Collider, DCG, North Island Ventures, Reciprocal Ventures, Relay Capital, and Venice.ai. Antseed's primary business is building a peer-to-peer AI inference network that enables model and agent service providers to offer services directly to users, with matching and settlement completed through local routing, reputation mechanisms, and on-chain payments.
According to The Block, Ripple announced an expansion of its partnership with global hedge fund Brevan Howard, which will adopt Ripple Prime’s multi-asset prime brokerage, clearing, and financing services to further expand its utilization of Ripple’s institutional-grade financial infrastructure and digital asset products. Managing approximately $35 billion in assets, Brevan Howard’s Group Chief Operating Officer Alan McGroarty stated that as digital assets increasingly integrate with traditional financial markets, institutional demand for digital asset infrastructure continues to grow, and Ripple’s platform is expected to enhance operational efficiency and capital utilization for investment teams. This partnership builds on an existing investment relationship between the two parties. Brevan Howard had previously invested in Ripple and participated in its $500 million strategic funding round last year. Ripple Prime is an institutional-grade prime brokerage platform launched by Ripple following its $1.25 billion acquisition of Hidden Road in 2025.
Odaily News: OKX Star posted that it is a great honor to have Circle, Ripple, QRT, and SC Ventures become investors in OKX. OKX did not raise funds because it lacked capital, but rather chose to bring in strategic partners who share a common long-term vision, working together on stablecoins, payments, institutional markets, and the development of next-generation financial infrastructure. Thirteen years have passed, and we are still in the early stages, with many more goals to achieve in the future.
OKX founder and CEO Star Xu confirmed via a post on X that Circle, Ripple, and Standard Chartered Bank's investment arm SC Ventures have become investors in OKX. Star Xu stated that OKX did not introduce these investors out of funding needs, but rather to collaborate with strategic partners who share its long-term vision to advance stablecoins, payments, institutional markets, and next-generation financial infrastructure. Previously, Bloomberg reported that OKX’s valuation in this financing round reached $25 billion. The company has yet to disclose the exact funding amount.
Odaily News: According to Bloomberg, cryptocurrency exchange OKX has completed a funding round at a $25 billion valuation, with Standard Chartered and Circle participating in this funding round.
According to FinanceWire, Finland-based AI M&A analysis platform Comparables.ai has announced the completion of a $6 million seed round, led by Pragmatech and Araya Ventures, with participation from Purple Ventures, Gorilla Capital, hi5 Ventures, Somersault Ventures, and other investors.
According to Tech Funding News, US AI fintech company Valon has closed a $150 million Series D funding round, reaching a post-money valuation of $2.3 billion, doubling its valuation from the previous round. The round was backed by existing investors including Andreessen Horowitz (a16z), with Ribbit Capital participating as a new investor.
According to The Block, tokenized money market fund issuer Spiko announced the completion of a $90 million Series B funding round led by venture capital firm NEA. Following this round, Spiko’s cumulative funding has reached $120 million. Currently, Spiko’s assets under management (AUM) stand at $2.7 billion, with operations spanning more than 25 jurisdictions. The company plans to use the proceeds from this round to launch new fund products, expand into additional markets, and scale its team.
Odaily News: AI security platform Hadrian has announced the completion of a $40 million funding round, co-led by Forgepoint Capital International and SmartFin, with participation from existing investors including HV Capital, Motive Partners, Picus Capital, and Oetker Ventures.Following this funding round, Hadrian's cumulative funding has reached $65 million. The funds will be used to expand into European and American markets, grow its engineering and research teams, and further develop its AI-driven cybersecurity platform.Hadrian states that with the rapid advancement of AI technology, cyberattack methods are evolving — attackers are beginning to use AI agents to automate attack processes, while many enterprise security teams still rely on manual penetration testing. The company cites data showing that 87% of organizations still use manual penetration testing, and more than 70% of security teams struggle to determine whether vulnerabilities are truly exploitable.Hadrian combines Continuous Exposure Management with AI agent penetration testing to simulate an attacker's perspective for enterprises, helping them discover external attack surfaces, verify real risks, and optimize remediation priorities. (businesswire)
Binance has announced that it will launch USDT-margined perpetual contracts for four traditional financial asset underlyings today, corresponding to StablecoinX (Nasdaq: USDE), Viking Therapeutics (Nasdaq: VKTX), McDonald's (NYSE: MCD), and Akamai Technologies (Nasdaq: AKAM). USDEXUSDT, VKTXUSDT, MCDUSDT, and AKAMUSDT will open for trading at 17:00, 17:05, 17:10, and 17:15 Beijing Time, respectively. All contracts will support up to 20x leverage and 24/7 trading, with funding rates settling every 8 hours.
Odaily News: Nonprofit financial reform advocacy group Better Markets stated that the Commodity Futures Trading Commission (CFTC)'s plan to bring certain cryptocurrency trading and exchanges under its regulatory purview could give retail investors weaker protections than those under the Securities and Exchange Commission (SEC). The CFTC has solicited public comments on a framework for margin, leverage, or financing in retail crypto trading.Benjamin Schiffrin, Director of Securities Policy at Better Markets, noted that the CFTC lacks an investor protection mandate, and its statutory authority was originally designed to address fraud in leveraged precious metals trading, which does not justify making it the primary regulator of retail crypto trading. He also said the proposed framework could allow the kind of interrelated market participants that were seen as contributing to FTX's collapse.After the CLARITY Act stalled in Congress, the CFTC and SEC have continued to advance crypto policy under existing law. The CFTC plans to establish a new federal category to bring qualifying crypto trading platforms directly under regulation; the SEC, meanwhile, has proposed relaxing certain investment adviser custody rules, allowing limited tokenized trading of U.S. equities, and issuing new guidance on how securities laws apply to crypto assets. (Cointelegraph)
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)