News linked to this event type.
stablecoin infrastructure company Bastion has received conditional approval from the U.S. Office of the Comptroller of the Currency to apply to establish a national trust bank. Founded in 2023 by two former a16z crypto executives, Bastion provides white-label stablecoin issuance, reserve custody, customer wallets, and payment infrastructure for enterprises; its investors include Coinbase Ventures, Sony Innovation Fund, and Samsung Next, and its latest funding round last year raised $14.6 million.
Odaily News: SoftBank Group is finalizing nearly $21 billion in potential new borrowing this week to expand its AI-sector financing capacity. People familiar with the matter said SoftBank has increased the size of a margin loan backed by shares of its chip subsidiary Arm Holdings by $5 billion to $25 billion, and added $450 million to an existing credit facility, bringing the total to $6.5 billion. In addition, SoftBank plans to raise another $10 billion to $20 billion next week through another mega bond deal. (Bloomberg)
general-purpose AI compute chip unicorn EVAS Intelligence has announced the completion of a new funding round totaling nearly RMB 2 billion, with an estimated post-money valuation approaching RMB 15 billion. This round attracted participation from more than 20 investment institutions, including Huatai Innovation, Zhongding Capital, SMIC Juyuan, Jiuan Medical, Ren'ai Capital, Tongfu Microelectronics, Saiyi Industrial Fund, Holly Capital, Xinxin Leasing, Hengxu Capital, Shangqi Capital, Jianguang Zhanlu, and Rongyi Capital. EVAS Intelligence primarily provides efficient, scalable AI computing acceleration solutions to drive the widespread application of AI technology across various industries.
As reported by CoinDesk, XRP treasury management company Evernorth has raised $30 million through the issuance of convertible bonds, with investment from South Korean institutional investor NH Investment & Securities. The financing is contingent on the successful merger of Evernorth with a SPAC, with the proceeds to be used for purchasing XRP spot prior to its NASDAQ listing. Upon completion of the merger, the company intends to list on NASDAQ under the ticker symbol "XRPN".
According to TechFlow Research, Morgan Stanley's September 16, 2026 research report states that internet stocks rose 1% last week, while the S&P 500 and Nasdaq both fell 1% over the same period. META rose 5%, while Google and Amazon remained largely flat. Amazon, Google, and META have 2026 forward P/E ratios of 19x, 17x, and 20x, respectively, representing discounts of 34%, 35%, and 9% to their 12-month averages. The travel sector fell 8.1%, while digital advertising rose 1.4%.
According to Cryptonoticias, the Bolivian government has reached an agreement with the International Monetary Fund to establish a regulatory and supervisory framework for virtual assets to curb illicit capital outflows and strengthen anti-money laundering and counter-terrorism financing mechanisms. At present, the relevant documents have not yet specified the implementation timeline, the competent authority, or the specific legislative form. Meanwhile, the government is assessing the feasibility of integrating Tether (USDT) into the national payment system.
Singapore-based payment service provider dtcpay announced the completion of a $25 million Series A funding round. Led by Vertex Ventures Southeast Asia & India, the round saw participation from SBI Group through its SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund. Genedant Capital and existing investor Kwok Leng Tat also joined. The funds will be deployed to expand stablecoin payment products, the merchant network, and footprint in regulated markets, while advancing feature upgrades for enterprise service portals and consumer applications.
Odaily News: Robinhood Ventures Fund I (NYSE: RVI) announced that it purchased approximately $25 million in preferred shares in AI infrastructure company Crusoe's $3.9 billion Series F funding round. The round valued Crusoe at $30.9 billion, and the related transaction was completed on August 31.Sarah Pinto, President of Robinhood Ventures Fund I, stated that Crusoe is building vertically integrated AI infrastructure, supporting AI computing through energy, AI data centers, and cloud platforms.
According to EU-Startups, the Münster-based German proptech startup syte has closed a €9 million Series A funding round, with plans to use the funds to expand its land and real estate AI analysis platform across Europe. The round was led by Amberra, with NRW.BANK participating as a new investor.
据彭博社报道，资管巨头 Apollo Global Management 正与软银集团（SoftBank Group）洽谈，将一笔面向软银的贷款规模从 54 亿美元提高至 90 亿美元，以帮助其对 OpenAI 的投资提供融资。 据悉，本次贷款由软银旗下愿景基金 2（Vision Fund 2）的资产提供支持，目前尚未最终确定，软银此前已承诺向 OpenAI 投入 646 亿美元，并持续通过融资方式为其 AI 投资筹集资金。
According to PRNewswire, AI-native data loss prevention (DLP) security company MIND announced the completion of a $72 million Series B financing round, led by Crosspoint Capital Partners, with existing investors YL Ventures and Paladin Capital Group participating. To date, the company has raised a cumulative total of $112 million. MIND disclosed that it has joined the Anthropic Cyber Verification Program and obtained ISO/IEC 42001 certification. The company plans to utilize the proceeds from this funding round to accelerate the development of its AI-native DLP platform, expand into the enterprise market, deepen technology and channel partnerships, and scale its team.
According to CoinDesk, Zcash mining company Fortitude Mining Holdings announced the appointment of former Hut 8 CEO Jaime Leverton as chief executive officer, who will officially take office on September 21. Outgoing CEO Andrea Childs will step into the role of chief operating officer. Leverton previously led Hut 8’s merger with US Bitcoin Corp and drove its transition to a U.S.-domestic operation. Fortitude plans to go public by merging with NASDAQ-listed HeartSciences (HSCS). Upon completion, the combined company’s ticker will change to “TUDE,” with the transaction expected to close in the fourth quarter and valuing the post-merger entity at at least $400 million. Spun off from Foundry in January 2025 by Barry Silbert’s Digital Currency Group, Fortitude currently operates over 60 megawatts of power capacity across South Dakota, Nebraska, Texas, and New York. It mined 72,696 ZEC in the first half of the year, accounting for approximately 28% of the network’s total output during that period, while Q2 revenue reached $20.9 million.
According to Bloomberg, UK AI startup Emulate, founded by former Google DeepMind researchers, is in talks for a $700 million seed funding round.
Odaily News: Fortitude, a mining firm focused on Zcash mining, has appointed former Hut 8 CEO Jaime Leverton as CEO and plans to list on Nasdaq through a merger with HeartSciences. Andrea Childs will serve as COO.In the first half of 2026, Fortitude produced approximately 28% of the total ZEC output during the same period, with second-quarter revenue of $20.9 million. The implied valuation of the proposed combined company may be at least $400 million. (CoinDesk)
Odaily News: Nasdaq-listed Bitcoin mining company and data center developer CleanSpark has announced that its wholly-owned subsidiary, CSDC Finance I, plans to raise $2.227 billion through a private placement of senior secured notes due 2031. The proceeds will primarily be used to complete the construction of its Sandersville data center in Texas, reimburse the company for a portion of the equity funds previously invested in the facility, and establish a debt service reserve. However, the offering remains subject to market and other conditions, and there is no guarantee that it will be completed or what the final terms will be.
AI compute infrastructure startup Crusoe has completed a $3.9 billion Series F funding round, with a post-investment valuation of approximately $30.9 billion. The round was co-led by Atreides Management, Valor Equity Partners, and Mubadala Investment Company, with participation from Founders Fund, TPG, and the Qatar Investment Authority (QIA), among others.Founded in 2018, Crusoe initially provided services to cryptocurrency miners before pivoting to AI compute infrastructure. The company previously spent two years building a large-scale AI data center in Abilene, Texas, to provide compute power for OpenAI and Microsoft. The company is now shifting toward producing a compact data center called "Spark," which involves loading prefabricated facilities onto trucks and deploying them to locations with idle power capacity to more quickly meet AI inference compute demand. (WSJ)
According to Bloomberg, the newly established European tech fund Scaleup Europe Fund is in talks to invest in UK AI voice startup ElevenLabs, which plans to raise more than $500 million in the current funding round. The €5 billion ($5.8 billion) fund is managed by Swedish private equity firm EQT and has invested in several European private tech companies since its inception earlier this year. Sources familiar with the matter said negotiations are still ongoing and the deal could fall through. Earlier, ElevenLabs held talks with investors regarding a secondary market sale valuing the company at approximately $22 billion, following a previous round that valued it at around $11 billion. The company uses AI to generate realistic voices for applications such as advertising, audiobooks, call centers, and sales training.
AI cloud service provider CoreWeave announced plans to privately place convertible senior notes due 2033 with an aggregate principal amount of $3 billion, granting initial purchasers an option to purchase up to an additional $500 million. The notes will mature on April 1, 2033, with specific terms including the interest rate and initial conversion ratio to be determined at pricing. CoreWeave plans to use a portion of the proceeds to pay for capped call transaction costs, with the remaining funds designated for general corporate purposes.
Odaily News — Strategy is using large-scale buybacks to push the price of its perpetual preferred stock STRC back toward its $100 par value, in a bid to restore its Bitcoin financing capacity. Between July 20 and September 13, Strategy repurchased a total of 9.96 million STRC shares for approximately $950 million, accounting for about 18% of the trading volume during the same period. Of that, roughly $765 million can be traced to sales of MSTR common stock, while another approximately $161 million came from Bitcoin reductions.STRC had previously fallen to around $70, and has recently rebounded to as high as about $99. Analysts believe that only when STRC's price approaches or climbs above its $100 par value can Strategy effectively reissue the security and use the proceeds to purchase Bitcoin. However, after Strategy pulls back and reduces its buybacks, whether STRC can continue to hold near par value remains uncertain. (Bloomberg)
According to Chaotang Research, Morgan Stanley's September 15, 2026 research report maintains an Overweight rating on SpaceX with a $300 price target against a current price of $148.15, indicating upside potential of 102.5%. Morgan Stanley breaks down the target price into four segments: $165 for AI compute, $118 for satellite broadband, $8 for rocket launches, and $8 for X and Grok. AI compute accounts for more than half of the valuation. The report raises its 2026 earnings per share forecast by 1% and its 2027 estimate by 3.8%, primarily reflecting the newly disclosed $1.1 billion NeoCloud deal.