News linked to this event type.
According to Fortune, stablecoin payment infrastructure company Latitude, founded by former employees of Stripe, Uber, Coinbase, and Meta, has announced the completion of a $35 million Series A funding round, led by Oak HC/FT, with participation from NEA, Coinbase, Lightspeed Faction, and OpenFX. Latitude aims to address the "last mile" challenge following cross-border stablecoin payments by providing enterprises with infrastructure that converts stablecoins into local currencies and facilitates fund disbursement through local payment methods such as bank accounts and mobile wallets. Its current clients span digital banks, payroll platforms, e-commerce marketplaces, and financial institutions. The company previously closed an $8 million seed round. The new capital will be used to scale its compliance, engineering, legal, and sales teams, while accelerating efforts to secure regulatory licenses in markets including Southeast Asia, Latin America, and Africa.
Odaily News - Bastion Trading Limited, a shareholder holding 9.99% of Solana treasury company SkyAI, stated in an SEC filing that it plans to vote against all five current directors at the annual shareholders' meeting on September 18. Bastion expressed deep concerns over the company's amendments to its charter that weaken shareholder rights, the board's implementation of a poison pill without shareholder vote, and related-party transactions. Independent director Annemarie Tierney resigned in December 2025, having previously raised issues regarding potential conflicts of interest and related-party transactions with management. SkyAI, formerly Sharps Technology, established its Solana treasury in August 2025 through a PIPE financing round raising over $400 million. The company currently holds approximately 2 million SOL, with a current market value of around $59 million. Its stock price has declined approximately 86% over the past year.
According to PRNewswire, AI fintech company Kapital has completed a new $125 million round of equity and debt financing, co-led by Tru Arrow Partners and Fasanara Capital, with participation from Cervin Ventures, Niya Partners, and Overlook Capital. Kapital leverages artificial intelligence technology to help individuals and businesses efficiently manage operations, credit, and cash flow, while promoting savings and investment through its brokerage and fund management businesses. The new funds will be dedicated to the in-depth development of its AI platform and data analytics suite, accelerating expansion in the U.S. and European markets.
According to reports from the Hong Kong Commercial Daily, Chau Tat-kun, Legislative Councillor for the Innovation and Technology functional constituency, has released a policy initiative titled the "3+3 Collaborative Development Blueprint". The proposal recommends that the Securities and Futures Commission (SFC) establish an independent dedicated department for digital assets to unify regulatory standards, shorten approval cycles, and build an integrated compliance infrastructure. The proposal simultaneously covers several supporting pathways, including establishing early investment channels for Web3, exploring an over-the-counter fundraising mechanism dubbed the "Hong Kong version Web3 Pink Sheet", and advancing the tokenization of real-world assets (RWA) and tokenized equities, aiming to position Hong Kong as an international digital asset hub by 2032. Currently, Hong Kong has approved 11 virtual asset spot ETFs, the highest in Asia, and the Stablecoin Ordinance has also been legislated.
According to WealthManagement, AI wealth management firm Savvy Wealth has announced the closing of a $100 million Series C funding round, bringing its valuation to $600 million. Led by Halo Fund, the round included participation from existing investors such as Thrive Capital, Industry Ventures, and Index Ventures. To date, the company's total funding has exceeded $200 million. Savvy Intelligence, Savvy Wealth’s AI-powered wealth management platform, utilizes large language models from OpenAI and Anthropic to train AI agents that support the integration of investment, tax, and financial planning data, streamlining wealth management processes through AI. The newly raised funds will be primarily directed toward expanding the development of software products tailored for wealth advisors.
According to Fortune, blockchain forensics startup TRM Labs has announced a new round of follow-on funding from existing investors, with the amount undisclosed. Driven by the rapid growth of its AI business, the company’s valuation has doubled to $2 billion, up from $1 billion six months ago. CEO Esteban Castano stated that the company expects to soon achieve the $100 million annual recurring revenue (ARR) milestone and will officially launch a new AI-powered crime investigation platform designed for law enforcement agencies in November, focusing on AI-driven criminal scenarios such as financial fraud, deepfakes, and child sexual exploitation. Castano emphasized that AI serves as the company's second growth engine rather than a business pivot, with blockchain intelligence remaining the core business pillar. The company currently employs approximately 500 people and maintains offices in London, Singapore, and Washington, D.C.
Odaily News: Bonk Guy has issued a scathing critique of the token project associated with Hunter Biden's "LAPTOP," stating that after further observation of the token's performance following its launch, he believes the project clearly exhibits speculative behavior aimed at "extracting profit while showing little understanding of the crypto industry."Bonk Guy particularly questioned the token's fully diluted valuation (FDV), which reportedly reached as high as hundreds of billions of dollars shortly after listing, calling the valuation "absolutely absurd." He also questioned why Hunter Biden himself has become the narrative centerpiece of the crypto market, pointing out that Hunter Biden's public prominence largely stems from the numerous controversies he sparked while his father, Joe Biden, served as President of the United States. He further noted that the Biden administration generally adopted a relatively tough regulatory stance toward the crypto industry during its tenure.Bonk Guy concluded with a warning that investors purchasing this token at its current valuation face extremely high risks, stating that "anyone who buys it deserves to lose 100% of their money."
Tether 宣布与科技型私人信贷资产管理机构 Fasanara Capital 共同推出私人信贷基金 StableFund。该基金由双方共同发起，目前由两家机构提供总计 4 亿美元的锚定投资，并计划进一步吸引最高 30 亿美元的第三方机构资本。 该基金将重点向中小企业提供短期限、资产支持型信贷。Fasanara Capital 将担任投资管理人，通过覆盖 60 多个国家的金融科技借贷网络进行资产配置；Tether 则担任联合发起方、资产发起方及顾问，负责寻找与 USD₮挂钩的融资机会，并提供稳定币结算、出入金及资金管理基础设施。
AI 3D company VAST (Sanqi Wanwu) has announced the completion of Series B and Series B+ financing rounds, totaling approximately 3 billion yuan, led by Matrix Partners China. Perfect World, BlueFocus, Singdun Energy Investment, Yanqu Games, ThunderSoft, 37 Interactive Entertainment, as well as CDH VGC, CICC Capital, CMC Capital and others participated as co-investors, with existing shareholders Fortune Capital, Primavera Capital, and Source Code Capital continuing to follow up. According to official sources, VAST has raised approximately 5 billion yuan in cumulative financing in less than six months.It is also reported that VAST has released the latest version of its flagship 3D foundation model, Tripo P2.0, from the Tripo P series. The funds from this round of financing will be invested in the iteration of 3D native models and data capabilities, expansion of training and inference infrastructure, product development, and commercial implementation. (Sina Finance)
According to Sifted, the head of the robotics business at French AI unicorn Mistral is seeking to raise 200 million euros for its new startup, planning to develop a robot AI model trained on more comprehensive data to surpass competitors in data quality. Mistral officially established its robotics division last year.
According to Bloomberg, SoftBank Group announced it will repay the remaining $25.9 billion balance of a $40 billion bridge loan signed earlier this year on September 15, which was previously used to finance its investment in OpenAI. SoftBank stated that it will subsequently proceed with plans to refinance the transaction with long-term debt.
According to EU-Startups, London-based AI precision machining software startup CloudNC announced it has closed a €17.2 million (approximately $20 million) funding round led by U.S. venture capital firm Nimble Ventures, with participation from Calculus Venture Capital, Entrepreneur First, and Lockheed Martin's venture capital fund, LM Ventures.
According to the Hong Kong Commercial Daily, Mr. Peter Yau Tak-kan, a Member of the Legislative Council for the Innovation and Technology functional constituency, has issued a policy initiative document titled "The '3+3 Collaborative Development Blueprint: Hong Kong’s Innovative Pathway to Integrate with the Nation’s Future Industries.'" Regarding digital finance (including Web3 and digital assets), Mr. Yau proposed a macro vision to "build an international digital asset hub by 2032," with recommendations covering the establishment of early investment channels for Web3 finance, the creation of a "Hong Kong-version Web3 Pinksheet" over-the-counter fundraising mechanism, and the active promotion of real-world asset tokenization (RWA) and tokenized stocks.
According to Chaoxiang Research, JPMorgan’s September 6, 2026 research report highlights four reasons supporting a bullish stance on US equities despite heightened volatility in interest rates, exchange rates, and oil prices: strong growth (GDP and EPS forecasts continue to be raised), interest rates are not too high (rising yields reflect economic expansion rather than monetary tightening), the US favors a weak dollar policy, and hedge fund positioning remains neutral to light. August nonfarm payrolls added 162,000 jobs, far exceeding expectations; however, whether to hike rates in September hinges on the September 11 CPI data, with JPMorgan projecting core CPI to rise 0.21% month-over-month. The MSCI World Index has gained 12% year-to-date, while the 10-year US Treasury yield has climbed by only 60 basis points, and earnings growth is currently absorbing valuations.
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)
According to Bloomberg, sources familiar with the matter stated that fintech startup Ramp is in early-stage negotiations with investors for a new funding round at a valuation of approximately $60 billion. The company is considering raising around $1 billion in primary market capital. Three months ago, Ramp was valued at $44 billion. Negotiations are ongoing and specific terms are subject to change. Ramp declined to comment.
Odaily News: Copper has been seeking a buyer since May this year and hired Cantor Fitzgerald to assist with the sale process, with an initial asking price of $500 million. The company has currently received offers of around $200 million, down from a peak valuation of over $2 billion. Amar Kuchinad joined Copper as CEO in October 2024, following the departure of Copper founder and former CEO Dmitry Tokarev. Kuchinad previously worked at Goldman Sachs and served as an advisor to the U.S. Securities and Exchange Commission. Copper recently added two new executives, with Elin Cherry as Chief Compliance Officer and Sean Bowen as Chief Operating Officer.
Odaily News: Binance founder Changpeng Zhao (CZ) stated at Bitcoin Asia that Bitcoin may surpass gold in the next bull market, with the current market cap gap between the two standing at approximately 10x. Ricardo Salinas Pliego estimates that if Bitcoin were to reach gold's total market cap, its price could reach approximately $1.86 million.He noted that if Bitcoin becomes a strategic reserve asset for nations, its importance could surpass that of gold; however, central banks and governments have already established systems for valuing, storing, and managing gold, and transitioning to Bitcoin will take time.Glassnode data shows that Bitcoin's 90-day correlation with gold has risen from 0.21 in March to approximately 0.57, while its correlation with the Nasdaq 100 index has fallen from 0.57 to 0.22. Other estimates indicate that its correlation with gold stands at approximately 0.59, the highest level since 2020. (Bitcoin.com News)
Odaily News "White-haired Stock God" Serenity posted on X, expressing optimism about storage chip maker Elite Semiconductor Memory Technology (ESMT, 3006) over the coming months, suggesting its trajectory could mirror the strong rally seen in SanDisk (SNDK).Serenity noted that a single DDR2 memory chip currently costs around $0.96. If the ASP (average selling price) triples, the cost per chip would increase by roughly $2. While this cost increase remains relatively limited for end products, sustained price hikes in memory products could have a significant impact on ESMT's own profitability. Additionally, SLC NAND is expected to see ASP increases of 120% to 170% in the second half of the year, with NOR Flash and other products also facing pricing upside expectations.Serenity stated that based on July performance, ESMT's current monthly net profit stands at approximately $111 million, with a market cap of around $2.8 billion, and believes there remains substantial room for valuation re-rating. Serenity noted that ESMT's current situation reminds them of early-stage SanDisk, but this opportunity is primarily concentrated in the legacy and specialty memory market.
Bitcoin News posted on the X platform that French Bitcoin treasury company Capital B has purchased an additional 376 Bitcoin, paying €25.3 million, bringing its holdings to 3,521 BTC. The funds for this purchase came from a recently completed financing round, which included a €28 million private placement, with Adam Back investing an additional €7.6 million, executed by Swissquote. The average cost of all Bitcoin in Capital B's total reserves is €87,878 per coin.