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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.
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)
Firmus Signs Multi-Year Data Center Agreement with OpenAI, Malaysia Computing Capacity Exceeds 900 Megawatts
According to The Straits Times, Australian AI infrastructure company Firmus announced a multi-year agreement with OpenAI to supply computing power from two data centers in Malaysia, establishing OpenAI as Firmus's anchor customer. Following the signing of the agreement, Firmus's contracted capacity across its global client portfolio has exceeded 900 megawatts. Backed by institutional investors including Nvidia, Jane Street, Blackstone, and Coatue Management, Firmus holds a recent valuation of over $10.5 billion. The company currently operates data centers in Australia and Singapore, with five additional facilities under development across the Asia-Pacific region. It plans to deploy Nvidia's next-generation Vera Rubin processors at scale in the Asia-Pacific.
Robinhood Acts as Lead Underwriter for First Time in Oura's IPO Valued at Over $11 Billion
Odaily News: Robinhood Markets has officially served as an IPO underwriter for the first time, participating in the listing of smart ring maker Oura. Oura filed for its IPO last Thursday, with an expected listing valuation exceeding $11 billion. Goldman Sachs, Morgan Stanley, and JPMorgan are serving as the lead book-runners for the deal, with Robinhood ranking 18th among the 18 underwriters.In June of this year, Robinhood received regulatory approval to conduct underwriting business, and CEO Vlad Tenev previously stated his desire to "disrupt" the IPO market. As an underwriter, Robinhood is expected to gain more influence in the allocation of IPO shares to its retail clients. (The Wall Street Journal)
AI Data Center Optical Interconnect Company iPronics Completes $125 Million Series B Round with NVIDIA Participation
According to Reuters, AI data center optical interconnect company iPronics announced the completion of a $125 million Series B financing round, co-led by Maverick Silicon and Light Street Capital, with participation from NVIDIA, Triatomic Capital, Bosch Ventures, Catalight Capital, the European Innovation Council Fund, and others, bringing the company's total funding to $177 million. iPronics primarily provides rack-mounted optical switching equipment for AI infrastructure. Through its programmable optical layer, it enables AI clusters to dynamically adjust network connections in real time according to training and inference workloads. The new capital will be used to scale operations and accelerate commercial deployment.
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.
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.
OpenAI cancels release of new AI model due to security concerns
According to The Wall Street Journal, OpenAI has canceled plans to launch its new AI model due to internal safety review concerns.
U.S. Senate Investigation Reveals Iranian Regime Heavily Uses Tether Stablecoin
According to The Wall Street Journal, an upcoming report from the U.S. Senate Permanent Subcommittee on Investigations states that the vast majority of cryptocurrency wallets sanctioned due to ties with Iran have been used to trade USDT, the U.S. dollar-pegged stablecoin issued by Tether.
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.
Why Wall Street Giants Only Build Tokenized Money for Institutions
JPMorgan Chase and banks such as Citigroup are using blockchain technology to process massive funds, but tokenization solutions are primarily aimed at institutional investors rather than retail consumers. Capital fragmentation and compliance pressures resulting from legacy systems are the main reasons.
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.
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)
OpenAI cancels release of new AI model due to security concerns
According to The Wall Street Journal, OpenAI has canceled plans to launch its new AI model due to internal safety review concerns.
U.S. Senate Investigation Reveals Iranian Regime Heavily Uses Tether Stablecoin
According to The Wall Street Journal, an upcoming report from the U.S. Senate Permanent Subcommittee on Investigations states that the vast majority of cryptocurrency wallets sanctioned due to ties with Iran have been used to trade USDT, the U.S. dollar-pegged stablecoin issued by Tether.
Brian Armstrong: Responds to WSJ's Attempt to Blame Coinbase and Himself for CLARITY Act Failure
Brian Armstrong posted on X platform stating that The Wall Street Journal is preparing an article that blames Coinbase and himself for the CLARITY Act's failure to pass. Armstrong said that in January, he opposed a draft bill submitted for committee vote because it still had major issues regarding DeFi, tokenization, CFTC jurisdiction, and stablecoin rewards; after collaborative revisions from multiple parties, all four of these issues were resolved, and the revised draft passed committee review approximately four months later. Armstrong stated that he strongly supports the final version of the CLARITY Act submitted to the Senate and will continue to push for cryptocurrency regulatory rules.
Trump Rejects AI Self-Regulatory Body, Musk, Zuckerberg, and Jensen Huang Had Voiced Opposition
Odaily News: Elon Musk, Mark Zuckerberg, and Jensen Huang all expressed opposition to Trump regarding the establishment of an AI industry self-regulatory body modeled after FINRA, and Trump ultimately decided not to establish it.The proposal was put forward by Google DeepMind CEO Demis Hassabis in July, planning to establish an independent body that would test cybersecurity, biological, and deception risks up to 30 days before the public release of frontier models. Participation would initially be voluntary, with a possible transition to mandatory later, subject to government oversight. (The Wall Street Journal)
Related news
Former ROVE Head of Growth Accuses Company of Withholding Salaries and Token Allocations, Says App Can No Longer Be Accessed
Former ROVE Head of Growth Amy Street has accused the company and founder Jason of long-term delays in salary, reimbursement, and token allocations, stating that the Rove App has been inaccessible for nearly a year and user assets are locked.
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.
Core PCE Below Expectations Year-over-Year, Bitcoin Briefly Breaks $85,000 Before Pulling Back
Bitcoin News posted on X platform stating that August core PCE rose 0.2% month-over-month and 3.0% year-over-year, below the 3.3% forecast by The Wall Street Journal; headline inflation rose 0.3% month-over-month and 3.4% year-over-year. Bitcoin briefly broke above $85,000 before pulling back; the U.S. 10-year Treasury yield briefly dropped to around 5.20%, then rebounded to around 5.28%.
US Core PCE Below Expectations, Micron Revenue Guidance Exceeds Estimates
US core PCE inflation data fell below market expectations, and Micron's next-quarter revenue guidance significantly beat Wall Street forecasts. Additionally, Trump announced that US troops will withdraw from Iraq, with the Iraqi government increasing discounts on October crude oil prices.
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)
With nearly three decades of experience at Goldman Sachs, Lisa Mantil joins Polymarket as Head of Institutional Business Growth
Odaily News: Prediction market trading platform Polymarket has hired Lisa Mantil, a Goldman Sachs veteran with nearly thirty years of experience, as Head of Institutional Business Growth to drive its plans to attract Wall Street liquidity. Mantil was previously a partner at Goldman Sachs and served as the global head of the bank's ETF Accelerator.