Caduceus
CADDecentralized edge rendering metaverse protocol
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Project Overview
Caduceus is a decentralized edge rendering metaverse protocol that promises to marry edge computing technology with blockchain, providing more immersive experiences in the metaverse while ensuring user privacy through decentralization.
Betting on SpaceX Yields High Returns, Canada's Largest Pension Fund's Assets Grow to CAD 303.2 Billion in H1
Odaily News: The Ontario Teachers' Pension Plan (OTPP) announced that its investment return reached 9.5% in the first half of this year, driven primarily by gains from Elon Musk's SpaceX initial public offering (IPO).In a statement, OTPP CEO Jo Taylor attributed the H1 performance growth to venture growth equity, public market equities, and inflation-resistant asset investments. By the end of the first half of the year, the fund's net assets had risen to CAD 303.2 billion (approximately USD 217.5 billion).According to reports, the SpaceX IPO was a key factor driving OTPP's investment returns. As one of the world's largest aerospace companies, SpaceX has rapidly expanded through commercial launches and satellite internet services like Starlink in recent years, attracting long-term capital from pension funds, sovereign wealth funds, and major institutional investors.OTPP is one of the world's largest institutional investors, with long-term investments in private equity, technology companies, and infrastructure assets. The valuation uplift from SpaceX's listing underscores the significant impact that unlisted tech unicorns and high-growth assets have on the returns of major pension funds. (Bloomberg)
WonderFi Founder Criticizes Canada's Innovation Environment: Struggling to Grow, Forced into Sale to Robinhood
Odaily News - Karia Samaroo, founder and former CEO of Canadian crypto company WonderFi, recently stated that the company's acquisition by US trading platform Robinhood Markets for CAD 250 million was not due to a lack of growth potential, but rather because Canada's market environment has restricted local tech companies from continuing to scale.Samaroo said that WonderFi was founded in 2021. After several years of development, the company consolidated Canada's fragmented crypto market, built a nationwide brand, and survived the QuadrigaCX collapse, the FTX crash, and Canada's strict crypto regulatory environment. By 2023, WonderFi had become a leading crypto platform in the Canadian market.However, he believes that succeeding in Canada was not the company's ultimate goal. WonderFi had originally hoped to grow into a global enterprise, and Robinhood saw WonderFi as a strategic gateway into the Canadian market, which led to the CAD 250 million acquisition. Samaroo pointed out that Canada has long faced structural issues that limit companies' ability to scale, including insufficient venture capital, weak public markets, regulatory fragmentation, and declining attractiveness of entrepreneurial returns.For the crypto industry, the challenges are even more pronounced. Samaroo noted that after the QuadrigaCX incident, Canadian regulators established one of the world's strictest crypto regulatory frameworks. While the original intent was to protect investors, it also increased operational costs for businesses. International trading platforms including Binance, OKX, Bybit, and Gemini all entered the Canadian market previously and then exited. He believes that Canada's crypto regulations are not only strict but also compounded by fragmented securities regulatory systems, leading to higher financing costs, increased operational complexity, and diminished interest from overseas investors.Samaroo said that WonderFi is not an isolated case—many Canadian tech companies have followed a similar trajectory: growing domestically until hitting market ceilings, then ultimately seeking overseas capital or strategic buyers. Shopify founder Tobi Lütke has also previously criticized Canada for repeatedly "nurturing important companies only to send them abroad." Restricting corporate sales can easily become a political statement, but the real key to solving the problem lies in building a business environment that supports companies in financing, expansion, and competing globally.Robinhood previously announced the acquisition of WonderFi for approximately CAD 250 million. This deal also reflects the accelerating consolidation in the North American crypto industry, as US platforms expand into other markets through M&A. (Fortune)
WonderFi Founder Criticizes Canada's Innovation Environment: Struggling to Grow, Forced into Sale to Robinhood
Odaily News - Karia Samaroo, founder and former CEO of Canadian crypto company WonderFi, recently stated that the company's acquisition by US trading platform Robinhood Markets for CAD 250 million was not due to a lack of growth potential, but rather because Canada's market environment has restricted local tech companies from continuing to scale.Samaroo said that WonderFi was founded in 2021. After several years of development, the company consolidated Canada's fragmented crypto market, built a nationwide brand, and survived the QuadrigaCX collapse, the FTX crash, and Canada's strict crypto regulatory environment. By 2023, WonderFi had become a leading crypto platform in the Canadian market.However, he believes that succeeding in Canada was not the company's ultimate goal. WonderFi had originally hoped to grow into a global enterprise, and Robinhood saw WonderFi as a strategic gateway into the Canadian market, which led to the CAD 250 million acquisition. Samaroo pointed out that Canada has long faced structural issues that limit companies' ability to scale, including insufficient venture capital, weak public markets, regulatory fragmentation, and declining attractiveness of entrepreneurial returns.For the crypto industry, the challenges are even more pronounced. Samaroo noted that after the QuadrigaCX incident, Canadian regulators established one of the world's strictest crypto regulatory frameworks. While the original intent was to protect investors, it also increased operational costs for businesses. International trading platforms including Binance, OKX, Bybit, and Gemini all entered the Canadian market previously and then exited. He believes that Canada's crypto regulations are not only strict but also compounded by fragmented securities regulatory systems, leading to higher financing costs, increased operational complexity, and diminished interest from overseas investors.Samaroo said that WonderFi is not an isolated case—many Canadian tech companies have followed a similar trajectory: growing domestically until hitting market ceilings, then ultimately seeking overseas capital or strategic buyers. Shopify founder Tobi Lütke has also previously criticized Canada for repeatedly "nurturing important companies only to send them abroad." Restricting corporate sales can easily become a political statement, but the real key to solving the problem lies in building a business environment that supports companies in financing, expansion, and competing globally.Robinhood previously announced the acquisition of WonderFi for approximately CAD 250 million. This deal also reflects the accelerating consolidation in the North American crypto industry, as US platforms expand into other markets through M&A. (Fortune)
Anthropic commits CAD 10 million to support Canadian scientific research and AI innovation
Odaily Planet Daily reported that Anthropic announced it will invest CAD 10 million (approximately USD 7.3 million) into Canadian AI research institutions to support next-generation AI research, safety technology, and the development of responsible AI applications. Anthropic stated that Canada has played a significant role in the modern history of AI development. Institutions such as the University of Toronto, Université de Montréal, and the University of Alberta have driven key breakthroughs in neural networks, deep learning, and reinforcement learning, laying the foundation for the current AI wave. This funding will support several top-tier AI research institutions in Canada, including:Alberta Machine Intelligence Institute (Amii): Supporting research in reinforcement learning, AI trustworthiness, and safety, while promoting the application of AI within key Canadian industries;Mila - Quebec AI Institute: For research in responsible AI, healthcare, sustainability, multi-agent systems, and robotics;Vector Institute: Advancing research in AI safety, health sciences, and the societal applications of AI;CHEO, Centre for Addiction and Mental Health (CAMH): Exploring the application of AI in pediatric healthcare, mental health, and clinical research;Université Laval, University of Toronto, University of Saskatchewan: Supporting research in areas such as large language models, life sciences, food safety, quantum computing, and public services.Additionally, Anthropic will include Amii, Mila, and Vector in its startup support program, providing Claude API credits to hundreds of Canadian AI startups, with each receiving at least USD 5,000 in support.
Related news
Betting on SpaceX Yields High Returns, Canada's Largest Pension Fund's Assets Grow to CAD 303.2 Billion in H1
Odaily News: The Ontario Teachers' Pension Plan (OTPP) announced that its investment return reached 9.5% in the first half of this year, driven primarily by gains from Elon Musk's SpaceX initial public offering (IPO).In a statement, OTPP CEO Jo Taylor attributed the H1 performance growth to venture growth equity, public market equities, and inflation-resistant asset investments. By the end of the first half of the year, the fund's net assets had risen to CAD 303.2 billion (approximately USD 217.5 billion).According to reports, the SpaceX IPO was a key factor driving OTPP's investment returns. As one of the world's largest aerospace companies, SpaceX has rapidly expanded through commercial launches and satellite internet services like Starlink in recent years, attracting long-term capital from pension funds, sovereign wealth funds, and major institutional investors.OTPP is one of the world's largest institutional investors, with long-term investments in private equity, technology companies, and infrastructure assets. The valuation uplift from SpaceX's listing underscores the significant impact that unlisted tech unicorns and high-growth assets have on the returns of major pension funds. (Bloomberg)
WonderFi Founder Criticizes Canada's Innovation Environment: Struggling to Grow, Forced into Sale to Robinhood
Odaily News - Karia Samaroo, founder and former CEO of Canadian crypto company WonderFi, recently stated that the company's acquisition by US trading platform Robinhood Markets for CAD 250 million was not due to a lack of growth potential, but rather because Canada's market environment has restricted local tech companies from continuing to scale.Samaroo said that WonderFi was founded in 2021. After several years of development, the company consolidated Canada's fragmented crypto market, built a nationwide brand, and survived the QuadrigaCX collapse, the FTX crash, and Canada's strict crypto regulatory environment. By 2023, WonderFi had become a leading crypto platform in the Canadian market.However, he believes that succeeding in Canada was not the company's ultimate goal. WonderFi had originally hoped to grow into a global enterprise, and Robinhood saw WonderFi as a strategic gateway into the Canadian market, which led to the CAD 250 million acquisition. Samaroo pointed out that Canada has long faced structural issues that limit companies' ability to scale, including insufficient venture capital, weak public markets, regulatory fragmentation, and declining attractiveness of entrepreneurial returns.For the crypto industry, the challenges are even more pronounced. Samaroo noted that after the QuadrigaCX incident, Canadian regulators established one of the world's strictest crypto regulatory frameworks. While the original intent was to protect investors, it also increased operational costs for businesses. International trading platforms including Binance, OKX, Bybit, and Gemini all entered the Canadian market previously and then exited. He believes that Canada's crypto regulations are not only strict but also compounded by fragmented securities regulatory systems, leading to higher financing costs, increased operational complexity, and diminished interest from overseas investors.Samaroo said that WonderFi is not an isolated case—many Canadian tech companies have followed a similar trajectory: growing domestically until hitting market ceilings, then ultimately seeking overseas capital or strategic buyers. Shopify founder Tobi Lütke has also previously criticized Canada for repeatedly "nurturing important companies only to send them abroad." Restricting corporate sales can easily become a political statement, but the real key to solving the problem lies in building a business environment that supports companies in financing, expansion, and competing globally.Robinhood previously announced the acquisition of WonderFi for approximately CAD 250 million. This deal also reflects the accelerating consolidation in the North American crypto industry, as US platforms expand into other markets through M&A. (Fortune)
Anthropic commits CAD 10 million to support Canadian scientific research and AI innovation
Odaily Planet Daily reported that Anthropic announced it will invest CAD 10 million (approximately USD 7.3 million) into Canadian AI research institutions to support next-generation AI research, safety technology, and the development of responsible AI applications. Anthropic stated that Canada has played a significant role in the modern history of AI development. Institutions such as the University of Toronto, Université de Montréal, and the University of Alberta have driven key breakthroughs in neural networks, deep learning, and reinforcement learning, laying the foundation for the current AI wave. This funding will support several top-tier AI research institutions in Canada, including:Alberta Machine Intelligence Institute (Amii): Supporting research in reinforcement learning, AI trustworthiness, and safety, while promoting the application of AI within key Canadian industries;Mila - Quebec AI Institute: For research in responsible AI, healthcare, sustainability, multi-agent systems, and robotics;Vector Institute: Advancing research in AI safety, health sciences, and the societal applications of AI;CHEO, Centre for Addiction and Mental Health (CAMH): Exploring the application of AI in pediatric healthcare, mental health, and clinical research;Université Laval, University of Toronto, University of Saskatchewan: Supporting research in areas such as large language models, life sciences, food safety, quantum computing, and public services.Additionally, Anthropic will include Amii, Mila, and Vector in its startup support program, providing Claude API credits to hundreds of Canadian AI startups, with each receiving at least USD 5,000 in support.
SOL Strategies sells 65,000 SOL to repay CAD 5.75 million debt
Nasdaq-listed Solana treasury company SOL Strategies announced that it has repaid approximately CAD 5.75 million in debt by selling 65,001 SOL at an average selling price of CAD 87.88 per coin. This move aims to optimize capital structure and risk management amid market volatility, further improve its balance sheet, and allocate more resources to core operations.
One of Canada’s largest sovereign wealth funds made its first investment in Strategy stock, purchasing $219 million worth.
According to BitcoinTreasuries.NET (@BTCtreasuries), the Alberta Investment Management Corporation (AIMCo)—a Canadian government-owned asset management firm managing approximately CAD 142 billion in assets—has disclosed for the first time its purchase of 1.38 million shares of MicroStrategy ($MSTR) valued at roughly USD 219 million, marking the firm’s inaugural indirect allocation to bitcoin.