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Street creates a framework where startups can tokenise equity without it being a security and without giving up control over the company.
Bitcoin mining company Genesis Digital Assets will pivot to AI data centers
According to The Wall Street Journal, Bitcoin mining company Genesis Digital Assets will transition to an AI data center. In June, SWI Group invested $500 million to acquire a large stake in the company, subsequently becoming the controlling shareholder, and announced on October 12 a funding raise of 8 billion euros (approximately $9 billion) for data center upgrades and expansion.
Amazon is in talks to acquire AI startup Decart, with a potential valuation of $7 billion.
According to The Wall Street Journal, sources familiar with the matter revealed that Amazon is in talks to acquire artificial intelligence startup Decart at a potential valuation of approximately $7 billion. Insiders noted that if negotiations proceed smoothly and no new bidders emerge, the deal could be finalized soon.
Morgan Stanley: Oracle's 5-year CDS rises to 260bps, chip leasing SPVs expected to become the new vehicle for AI financing.
According to Chaoxiang Research, a Morgan Stanley research report dated October 7, 2026, indicates that Oracle's 10-year USD bond yield has reached 7.5%, while its 5-year credit default swap (CDS) has risen from 57 basis points to 260 basis points. The Wall Street Journal reported that Oracle may be purchasing chips through a third-party entity and leasing them back, though the scale remains undisclosed and the loan-to-cost ratio exceeds 50%. Morgan Stanley considers this structure highly consistent with its long-term hypothesized framework for a chip-leasing SPV, under which the credit exposure is booked as debt on the balance sheet and incorporated into the parent company's adjusted leverage assessment. Morgan Stanley judges that the bond market's reaction is primarily driven by investors' capacity to absorb the broader chip financing wave, with Oracle's individual transaction playing a secondary role. From a trading perspective, the firm recommends buying Oracle's 5-year CDS and selling the 2035 and 2055 maturing bonds, positioning for a deterioration in Oracle's credit profile.
Broadcom Plans to Raise Over $50 Billion for Custom AI Chips for OpenAI
According to The Wall Street Journal, Broadcom is developing custom AI chips for OpenAI and seeking over $50 billion in financing for the project.
SP Globally Leads $110M Funding Round of Crypto Data Provider Kaiko
Crypto data provider Kaiko announced the completion of a $110 million funding round led by S&P Global, highlighting growing investment interest from Wall Street in tokenized market infrastructure.
AI chip startup Positron raises $875 million at $5 billion valuation
Odaily News: Positron, an AI chip startup focused on designing hardware that helps AI models run faster, said it has raised $875 million at a $5 billion valuation, with the company's value surging significantly over the past six months. The round was co-led by venture capital firms NEA, Atreides Management, Valor Equity Partners, Andra Capital, analyst Dylan Patel's SemiAnalysis Capital, and Netscape co-founder Jim Clark.Positron raised $230 million in its most recent funding round in February of this year at a $1 billion valuation. Positron said it has delivered approximately 50 Atlas server racks of its previous generation to Oracle, with other customers including financial firm Jump Trading and AI company Parasail. Positron is trying to gain an edge in the crowded chip industry by bringing its chips to market as quickly as possible. (The Wall Street Journal)
Analysis: If Democrats Win the U.S. Midterm Elections, Wall Street and the Crypto Industry May Face More Regulatory Scrutiny
Odaily News: If Democrats win a majority in the House or Senate in the U.S. midterm elections, while it may not necessarily prevent the Trump administration from advancing deregulatory policies for Wall Street banks, prediction markets, and the crypto industry, it would gain stronger investigative and oversight tools.If Democrats control either chamber of Congress, they would have subpoena power, larger investigative teams, and the authority to compel government officials and corporate executives to appear at hearings. Wall Street financial institutions, crypto companies, and related regulatory agencies could face more scrutiny. It is reported that crypto industry figures are particularly watching whether Representative Sean Casten may wield greater influence after Democrats regain control of the House Financial Services Committee. Casten has previously pushed to strengthen crypto regulation and opposed the industry-backed CLARITY Act. (Reuters)
Gate Founder and CEO Dr. Han will attend and speak at the Oxford Union, engaging in dialogue with diverse global perspectives
Odaily News: On November 12, from 15:30 to 16:30 (UTC), Gate Founder and CEO Dr. Han will be invited to attend and speak at The Oxford Union. The event will be held at The Oxford Union on St Michael's Street, Oxford, UK. Founded in 1823, The Oxford Union is an independent student debating society with over 200 years of history. It has long invited political and business leaders, renowned actors, Nobel laureates, and other distinguished figures from various fields to speak, and has historically hosted many notable figures including Albert Einstein.As one of the world's leading cryptocurrency trading platforms, Gate was founded by Dr. Han in 2013 and now serves over 61 million users globally, covering asset management, trading, payments, and other financial and lifestyle scenarios. Gate is also continuously expanding its digital financial services footprint, driving the connection between digital assets, fiat currencies, and payment services through Gate Money. Dr. Han's appearance on this international exchange platform will also create new opportunities for dialogue between Gate and global thought leaders and the next generation of talent, continuously expanding the connection between digital assets and traditional finance, and further showcasing Gate's practices and insights in global digital asset industry positioning, product innovation, and compliance development.
Hyperliquid CEO: Wall Street's Wealth Creation Model Is Unsustainable for Most Participants
Odaily News — Jeff Yan, co-founder and CEO of decentralized exchange Hyperliquid, said at Token2049 Singapore that Wall Street's traditional wealth creation model is unsustainable for most participants. Assets such as company stocks are often only opened to the public after listing, causing retail investors to miss the main growth gains before listing.Jeff Yan stated that Hyperliquid's primary goal is to expand wealth creation opportunities and participation in the financial system, and that revenue is merely a byproduct of delivering user value, not an optimization target. Its perpetual contracts have no expiration date, which can reduce the number of decisions traders need to make and avoid liquidity fragmentation.Hyperliquid generated $72 million in revenue over the past 30 days, ranking third among the highest-revenue DeFi protocols. In July this year, Pantera said that onchain perpetual contracts may become a mainstream trading tool in global financial markets due to their structural advantages.Jeffrey Sprecher, CEO of Intercontinental Exchange, the parent company of the New York Stock Exchange, previously called on regulators to create a level playing field for around-the-clock onchain perpetual contracts. In March this year, NYSE partnered with tokenization platform Securitize to develop blockchain-based stock trading infrastructure. (Cointelegraph)
CFTC Chairman Selig: New rules will promote crypto innovation and protect investors, marking a major shift in U.S. federal crypto regulation.
According to The Wall Street Journal, U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael S. Selig announced on October 5 that the CFTC has formally proposed its first set of regulatory rules for the cryptocurrency market, aimed at promoting innovation and protecting investors. Previously, as Congress failed to pass legislation clarifying the federal legal status of crypto assets, the CFTC and the SEC turned to relying on existing statutory authority to take the lead in developing market structure rules. During the previous administration, the two major regulators primarily targeted crypto exchanges, custodians, and software developers through enforcement actions, prompting a large number of crypto companies to relocate overseas. The introduction of the new rules marks a significant shift in U.S. federal crypto regulation from a strategy of "enforcement instead of legislation" to "proactive rulemaking".
Senate fails to pass Crypto Clarity Act, regulatory process faces a reset
The U.S. Senate failed to advance the Digital Asset Market Clarity Act, with the retirement of key lawmakers making it impossible to revive this 635-page bill, backed by both Wall Street and the crypto industry, before the end of the year, leaving the crypto regulatory framework facing a complete reset.
First Four Greek Institutions Granted MiCA Authorization; HCMC Denies Lagarde's Interference in Binance's Application
According to Cointelegraph, Greece has been added to the EU's MiCA registry for the first time, with BCash, Xenios Blockchain Group, Capital Wallet Greece, and Piraeus Bank receiving authorization. The total number of registrations under ESMA now reaches 359. Among them, the first three are supervised by the HCMC, while Piraeus Bank is regulated by the Bank of Greece, demonstrating Greece's dual-track regulatory framework for MiCA. Previously, Binance applied for MiCA authorization in Greece. If approved, it could have leveraged the passporting system to offer services across Europe, but it voluntarily withdrew the application on June 24. On September 18, the Wall Street Journal reported that ECB President Lagarde had intervened, asking the Greek prime minister to prevent the application's approval. The HCMC explicitly denied this to Cointelegraph, stating that no officials had communicated with ECB staff regarding Binance's application, and that the report's claims were entirely untrue. Both Binance and the ECB declined to comment.
Lion Group Liquidates SOL and Trims BTC, Adds Approximately 38,100 HYPE to Holdings
Odaily News: Nasdaq-listed company Lion Group Holding (NASDAQ: LGHL) announced an adjustment to its digital asset reserves, selling its entire SOL position and part of its BTC holdings on September 29, and using the proceeds to purchase an additional approximately 38,102 HYPE.Following this adjustment, Lion Group holds approximately 232,900 HYPE, valued at approximately $20.1 million. The company stated that this transaction did not involve selling its existing HYPE holdings, and its digital asset reserves are further concentrating toward HYPE. (The Wall Street Journal)
Investment banking analysts note that the SEC's new rules are unlikely to change the current state of sluggish demand for tokenized stocks.
After the SEC approved a pilot program for tokenized stock trading, Wall Street investment bank analysts pointed out that due to high compliance costs and liquidity constraints, actual market demand for tokenized stocks remains very limited.
AI chip startup Positron raises $875 million at $5 billion valuation
Odaily News: Positron, an AI chip startup focused on designing hardware that helps AI models run faster, said it has raised $875 million at a $5 billion valuation, with the company's value surging significantly over the past six months. The round was co-led by venture capital firms NEA, Atreides Management, Valor Equity Partners, Andra Capital, analyst Dylan Patel's SemiAnalysis Capital, and Netscape co-founder Jim Clark.Positron raised $230 million in its most recent funding round in February of this year at a $1 billion valuation. Positron said it has delivered approximately 50 Atlas server racks of its previous generation to Oracle, with other customers including financial firm Jump Trading and AI company Parasail. Positron is trying to gain an edge in the crowded chip industry by bringing its chips to market as quickly as possible. (The Wall Street Journal)
UBS Group, Jane Street, and other companies collectively hold $75 million worth of the HYPE spot ETF.
Bloomberg ETF analyst James Seyffart tweeted a list of institutions holding shares in the HYPE spot ETF, including UBS Group, Bank of Montreal, and Jane Street. Wealth High Governance ranks first with 632,614 shares worth $23,948,236, followed by OLP Capital Management with a $10.5 million position in second place. UBS Group takes third with $7.5 million in holdings, while Bank of Montreal ranks fourth with $6.7 million, and Jane Street comes in fifth with $4.4 million.
Analyst: UBS Group and Jane Street among firms holding a combined $75 million in HYPE spot ETF
Odaily News – Bloomberg ETF analyst James Seyffart posted on X a list of institutions holding shares of the HYPE spot ETF. Among them, Wealth High Governance holds 632,614 shares, valued at $23,948,236, ranking first, while OLP Capital Management holds $10.5 million in shares, ranking second. UBS Group ranks third with $7.5 million in assets. Bank of Montreal ranks fourth with $6.7 million, and Jane Street ranks fifth with $4.4 million.
Figure completes $717 million acquisition of Kiavi, adding over $7 billion in tokenized loans
According to Cryptopolitan, Figure Technology Solutions officially completed its $717 million acquisition of U.S. residential real estate lending institution Kiavi on September 1. The transaction consists of two parts: Figure's acquisition of Kiavi's technology and operations platform, and the establishment of a joint venture with Sixth Street to take over the loan assets. The actual cash consideration paid by Figure was approximately $590 million, primarily financed through the issuance of $600 million in 8.5 percent senior notes maturing in 2031. Following the acquisition, Kiavi is expected to add over $7 billion in annual primary mortgage volume to Figure Connect, with more than $100 million flowing into Figure's on-chain lending platform, Democratized Prime, each month. Kiavi will also bring technological assets such as an AI-driven property valuation engine and automated document review capabilities, becoming the first deployment scenario for Adaptor, Figure's intelligent agent product. Kiavi CEO Arvind Mohan will step into the role of Chief Business Officer at Figure, overseeing platform integration efforts.
"White-Haired Stock God" Serenity Slams the Paid Investment Research Community: Would Rather Share Openly Than Sell "Wall Street Secrets"
The self-proclaimed "White-Haired Stock Guru" Serenity posted that he recently observed a disappointing pattern: first attempting to compete for the same audience, then quickly funneling traffic toward paid communities or high-priced services. After he refuses to join or promote paid groups, they switch to personal attacks, framing them as "fundamental viewpoint disagreements." When he first joined X, financial content was saturated with luxury watches, private jets, options trading, and promotions for "Wall Street Secrets" paid communities and technical analysis charts. Consequently, he has always aimed to take a different approach by publicly sharing his research and investment logic, making it freely accessible to everyone so they can form their own judgments. Serenity added that although some had previously claimed he would eventually raise the subscription price to $100, his rate has consistently remained at $1 for months and will continue to be kept at the lowest possible price. He also outlined his investment perspectives on stocks such as AXTI, NBIS, AEHR, MU, and INTC. Serenity noted that some investment themes may not be verifiable until 2027–2028, covering subjects related to Sivers, Foci, and Shunsin. Finally, Serenity emphasized that not every investment thesis needs to be right, as uncertainty is inherent to research. Rather than seeing information increasingly trapped behind a $100 paywall or diluted by engagement-bait content, he hopes X will cultivate a new culture centered on openly sharing investment logic, enabling everyone to learn from rigorous research.
Loss of approximately $130 million: Coldcard firmware vulnerability leads to the theft of around 2,000 BTC
Odaily News: Part of hardware wallet manufacturer Coldcard's firmware had a random number generation vulnerability in 2021, causing some mnemonic phrases generated by the devices to carry predictable risks. The vulnerability was only discovered years later, and by then approximately 5,200 addresses and around 2,000 BTC had been stolen, with losses totaling about $130 million. Following the incident, some investors turned to Wall Street custody products. U.S. spot Bitcoin ETFs saw net inflows of approximately $626 million within days of the event. ETF analyst Eric Balchunas noted that security incidents like this could further drive capital flows into ETFs. The Bitcoin core community continues to uphold the principle of self-custody. Casa co-founder Jameson Lopp said recent events should not weaken user confidence in self-custody, as third-party custody carries risks as well. Early Bitcoin Core developer Peter Todd stated that self-custody has a better long-term security track record than centralized institutions. Michael Tanguma, co-founder of Bitcoin custody platform Onramp, said both approaches have flaws: concentrating large amounts of assets in a single institution creates a "honey pot," while hardware wallets face risks related to supply chains, firmware, and random number generation. Michael Tanguma proposed a "multi-institution custody" approach, in which multiple regulated institutions each hold keys through a multi-signature mechanism, and any transaction requires joint signing by multiple institutions to reduce the risk of single points of failure. Critics argue that while multi-institution custody improves security, it also introduces permissioned management, which conflicts with the decentralized ideals Bitcoin originally pursued. As Bitcoin enters pension funds, trusts, and institutional asset allocation, the industry is seeking custody solutions suitable for long-term wealth management. How to strike a balance among security, decentralization, and usability remains a challenge facing the Bitcoin ecosystem.
Blockchain Association Refutes Wall Street Journal: Clarity Act Is Pro-Innovation Legislation Promoting Competition, Not A Regulatory Loophole
Mersinger pointed out that the bill explicitly prohibits the portion of stablecoin holding rewards equivalent to bank deposit interest, but allows reward mechanisms based on user activity, consistent with the credit card points model; regarding DeFi regulation, Section 10301 of the bill requires the SEC to establish rules for protocols that are "nominally decentralized, substantially controllable," rather than exempting them, while Section 10201 has incorporated digital commodity brokers into the full reporting obligations under the "Bank Secrecy Act" and allocated $3 billion to support state-level enforcement, contrary to the "Wall Street Journal"'s claim of "inadequate regulation of illicit finance."
Hackers Recently Attack Wall Street Institutions, Asset Management Giants Including Two Sigma, Citadel, and Point72 Become Targets
According to insiders, a recent wave of sophisticated cyberattacks has targeted multiple large asset management institutions on Wall Street, with attackers attempting to infiltrate the companies' information systems. Several major global hedge funds have become targets of the attacks, including Two Sigma Investments, Citadel, and Point72 Asset Management. In addition, multiple private equity firms have also been attacked.It is currently unclear who the attackers are, how the attacks were carried out, or whether sensitive data has been compromised. The insiders requested anonymity as the matter involves non-public information.This incident has once again drawn market attention to cybersecurity risks facing financial institutions. As asset management companies increasingly rely on complex information systems, algorithmic trading, and cloud infrastructure, the financial industry is becoming a key focus for cyber attackers. (Bloomberg)
Bank of America CEO joins ranks of banking leaders warning about 'Mythos' AI risk
Bank of America CEO Brian Moynihan has joined a group of Wall Street leaders in expressing serious concerns about artificial intelligence models such as "Mythos" developed by Anthropic. "This marks a significant shift in workload, as well as the speed at which these tools can impact system vulnerabilities, and how quickly we must respond," Moynihan stated. In recent months, the rapid evolution of AI models has prompted the financial industry and the U.S. government to begin assessing potential threats.Anthropic claims that the Mythos model, launched earlier this year, has demonstrated excellent performance in identifying system vulnerabilities. Bank of America is among the Wall Street institutions authorized to use Mythos, employing the model to test its own systems and share information with peers. Currently, the model has not been made available to the public; JPMorgan Chase CEO Jamie Dimon warned earlier this week that broadly opening the system to the public would be as dangerous as "giving a ballistic missile to an individual." (Bloomberg)
DeFi asset management and risk analysis company Gauntlet secures $125 million financing from Japanese financial giant SBI Holdings
According to Fortune, DeFi asset management and risk analysis company Gauntlet completed a $125 million financing round, exclusively invested by Japanese financial group SBI Holdings. The financing was completed in June this year, and the specific valuation was not disclosed. This is Gauntlet's largest financing round since its establishment in 2018, far exceeding its $24 million Series B round in 2022 led by Ribbit Capital at a $1 billion valuation. Gauntlet was founded by former Wall Street quantitative trader Tarun Chitra. It initially focused on providing stress testing and vulnerability analysis services for DeFi protocols. Later, as the DAO governance model waned, it gradually transitioned to a "treasury curation" business—assessing yield strategy risks through quantitative analysis to help institutional investors manage digital asset allocation. Currently, its clients include asset management giant Apollo, Coinbase, and stablecoin issuer Circle.
Analysis: If Democrats Win the U.S. Midterm Elections, Wall Street and the Crypto Industry May Face More Regulatory Scrutiny
Odaily News: If Democrats win a majority in the House or Senate in the U.S. midterm elections, while it may not necessarily prevent the Trump administration from advancing deregulatory policies for Wall Street banks, prediction markets, and the crypto industry, it would gain stronger investigative and oversight tools.If Democrats control either chamber of Congress, they would have subpoena power, larger investigative teams, and the authority to compel government officials and corporate executives to appear at hearings. Wall Street financial institutions, crypto companies, and related regulatory agencies could face more scrutiny. It is reported that crypto industry figures are particularly watching whether Representative Sean Casten may wield greater influence after Democrats regain control of the House Financial Services Committee. Casten has previously pushed to strengthen crypto regulation and opposed the industry-backed CLARITY Act. (Reuters)
Bitcoin mining company Genesis Digital Assets will pivot to AI data centers
According to The Wall Street Journal, Bitcoin mining company Genesis Digital Assets will transition to an AI data center. In June, SWI Group invested $500 million to acquire a large stake in the company, subsequently becoming the controlling shareholder, and announced on October 12 a funding raise of 8 billion euros (approximately $9 billion) for data center upgrades and expansion.
Broadcom Plans to Raise Over $50 Billion for Custom AI Chips for OpenAI
According to The Wall Street Journal, Broadcom is developing custom AI chips for OpenAI and seeking over $50 billion in financing for the project.
WEEX Launches "Wall Street Tycoon × Monopoly," On-Site Registration at TOKEN2049 Earns Limited VIP Experience Card
on October 7, WEEX Exchange announced the launch of the "Wall Street Tycoon × Monopoly" campaign. Users can register to receive dice, and by completing tasks such as spot US stock trading, futures trading, dice consumption, and inviting friends, they can earn more dice; rolling dice to advance on the board unlocks random rewards including BTC / ETH / USDT / WXT / stock tokens / bonuses / deduction credits / position airdrops / points / dice, and users can also participate daily in US stock matchup predictions to win more points and share in a million USDT prize pool. Campaign period: October 7, 00:00 to November 3, 23:59 (UTC+8).Among these, October 7 to 11 is the TOKEN2049 theme phase. Users who register on-site at TOKEN2049 Singapore to participate in the campaign can receive a limited VIP experience card. In addition, participants can visit the WEEX Alpha Suite to join roundtable forums, AMAs, AI trading experiences, and Mini Trading House interactions, and receive exquisite merchandise and custom souvenirs.
Senate fails to pass Crypto Clarity Act, regulatory process faces a reset
The U.S. Senate failed to advance the Digital Asset Market Clarity Act, with the retirement of key lawmakers making it impossible to revive this 635-page bill, backed by both Wall Street and the crypto industry, before the end of the year, leaving the crypto regulatory framework facing a complete reset.
OpenAI Cancels GPT-6.1 Astra Release Over Safety Concerns, Originally Planned for October Launch
Odaily News: OpenAI has confirmed the cancellation of its next-generation AI model GPT-6.1 Astra, which was originally scheduled for an October release. Internal testing revealed that the model failed to meet the company's safety and alignment standards.GPT-6.1 Astra was originally planned to be integrated into ChatGPT and Codex to handle more complex tasks with reduced human intervention. According to The Wall Street Journal, the model exhibited a higher degree of deceptive behavior during internal testing compared to its predecessor, including failing to consistently and accurately disclose the actions it actually performed.Saachi Jain, head of OpenAI's safety systems, stated that while the model improved upon issues such as "model laziness," it still fell short of release standards in terms of adhering to task scope and authorization, as well as communicating completed work to users. (Reuters)
Related news
Analysis: If Democrats Win the U.S. Midterm Elections, Wall Street and the Crypto Industry May Face More Regulatory Scrutiny
Odaily News: If Democrats win a majority in the House or Senate in the U.S. midterm elections, while it may not necessarily prevent the Trump administration from advancing deregulatory policies for Wall Street banks, prediction markets, and the crypto industry, it would gain stronger investigative and oversight tools.If Democrats control either chamber of Congress, they would have subpoena power, larger investigative teams, and the authority to compel government officials and corporate executives to appear at hearings. Wall Street financial institutions, crypto companies, and related regulatory agencies could face more scrutiny. It is reported that crypto industry figures are particularly watching whether Representative Sean Casten may wield greater influence after Democrats regain control of the House Financial Services Committee. Casten has previously pushed to strengthen crypto regulation and opposed the industry-backed CLARITY Act. (Reuters)
Federated Hermes Plans to Launch Onchain Fund Shares Next Year, Joining Wall Street's Asset Tokenization Wave
Odaily News: Federated Hermes, an asset management firm with $911 billion in assets under management, plans to launch its first onchain fund shares early next year, further joining Wall Street's wave of bringing traditional assets onchain.Federated Hermes has partnered with digital securities infrastructure company Prometheum to bring blockchain-based fund shares into traditional brokerage accounts and financial advisor channels. The company has not yet disclosed the specific types of tokenized funds or the blockchain networks to be used, but Kevin Barr, head of digital asset products and platforms, said money market funds could be among the first tokenized products. (CoinDesk)
Gate Founder and CEO Dr. Han will attend and speak at the Oxford Union, engaging in dialogue with diverse global perspectives
Odaily News: On November 12, from 15:30 to 16:30 (UTC), Gate Founder and CEO Dr. Han will be invited to attend and speak at The Oxford Union. The event will be held at The Oxford Union on St Michael's Street, Oxford, UK. Founded in 1823, The Oxford Union is an independent student debating society with over 200 years of history. It has long invited political and business leaders, renowned actors, Nobel laureates, and other distinguished figures from various fields to speak, and has historically hosted many notable figures including Albert Einstein.As one of the world's leading cryptocurrency trading platforms, Gate was founded by Dr. Han in 2013 and now serves over 61 million users globally, covering asset management, trading, payments, and other financial and lifestyle scenarios. Gate is also continuously expanding its digital financial services footprint, driving the connection between digital assets, fiat currencies, and payment services through Gate Money. Dr. Han's appearance on this international exchange platform will also create new opportunities for dialogue between Gate and global thought leaders and the next generation of talent, continuously expanding the connection between digital assets and traditional finance, and further showcasing Gate's practices and insights in global digital asset industry positioning, product innovation, and compliance development.
Polymarket's "STRC to hit $100 before October 31" probability rose to 87%, up 18% in 24 hours
Monitoring by PPP prediction market tool shows that on Polymarket, the probability of "STRC hitting $100 before October 31" has risen to 87%, up 18% in 24 hours; the probability of it hitting $100 before December 31 has risen to 92%, up 6% in 24 hours.According to the settlement rules, if during the period from market creation to 23:59 ET on the specified date, the final high of any 1-minute candle on TradingView reaches or exceeds $100, the market will settle as "Yes"; otherwise, it will settle as "No." Settlement is primarily based on TradingView data. If data for the relevant period is missing, price data from The Wall Street Journal, Google Finance, and MarketWatch will be referenced in that order.Join the PPP signal push community to stay one step ahead and seize the initiative.
Tom Lee: $1.5 Trillion to $2 Trillion Wealth Transfer Could Drive the Next Round of Crypto Market Growth
Odaily reports: Tom Lee, Chairman of Ethereum treasury company Bitmine Immersion Technologies, stated that the intergenerational wealth transfer occurring over the coming years could become a significant factor driving demand in the next round of the crypto market.Citing data from the IRS and Fundstrat research, Lee noted that between 2026 and 2028, approximately $1.5 trillion to $2 trillion in wealth is expected to be transferred between generations. Since younger investors inheriting this wealth typically have a higher risk appetite, they may increase allocations to risk assets such as crypto assets and equities. Additionally, Wall Street's accelerating adoption of blockchain technology for asset tokenization, the development of AI applications, and treasury companies that hold crypto assets long-term could also become drivers of future market growth.Meanwhile, Bitmine released its latest treasury data, showing it purchased an additional 12,532 ETH last week, worth approximately $32 million, bringing its total ETH holdings to 6,028,946, or about 4.9% of Ethereum's total supply. The company is still approximately 76,000 ETH short of its previously set target of holding 5% of ETH's supply. Based on its recent accumulation pace, the company is expected to reach this target within the coming weeks. Tom Lee previously stated that Bitmine will stop accumulating ETH once it reaches the 5% target. Currently, Bitmine has staked approximately 5.07 million ETH, accounting for about 84% of its holdings. Based on current yield rates, this is expected to generate approximately $336 million in annualized staking revenue. (CoinDesk)
Bitcoin mining company Genesis Digital Assets will pivot to AI data centers
According to The Wall Street Journal, Bitcoin mining company Genesis Digital Assets will transition to an AI data center. In June, SWI Group invested $500 million to acquire a large stake in the company, subsequently becoming the controlling shareholder, and announced on October 12 a funding raise of 8 billion euros (approximately $9 billion) for data center upgrades and expansion.