Key News Overnight and This Morning (Oct 26–Oct 27)

Oct 27, 10:47

Aviva Investors launches tokenized shares of its sterling liquidity fund on XRPL, secures £50 million investment

Aviva Investors has launched a tokenized share class of its sterling liquidity fund on the XRP Ledger (XRPL), with Aviva investing £50 million (about $66 million). The fund's total assets under management are about £22 billion, and that figure is not the amount being brought onchain. Following the July launch of tokenized shares of its dollar liquidity fund, combined investment in Aviva Investors' two tokenized share classes has exceeded £86 million (about $116 million).

The new share class uses a "digital twin" model, representing holdings onchain while retaining the original offchain fund structure along with its investment objectives, risk characteristics, liquidity and regulatory protections. Eligible investors holding digital wallets can participate; fund assets remain in custody at BNY Mellon, with Komainu and Licuido providing digital asset custody and tokenization infrastructure support respectively.

Unitree Robotics issues abnormal volatility announcement: trailing P/E reaches 465x, flags valuation reversion risk

Unitree Robotics (688836.SH) announced that the cumulative deviation of its closing price increase exceeded 30% over three consecutive trading days, constituting abnormal stock trading volatility. As of October 26, the company's trailing price-to-earnings ratio was 465.22x, versus an industry average of 38.54x for general equipment manufacturing. The announcement said the humanoid robot industry is in an early stage of commercialization, with uncertainty in technology maturity, cultivation of downstream demand and supply chain support. The scaled deployment of physical AI technology also faces challenges including perception accuracy, motion control stability, data accumulation and hardware-software coordination. If industry commercialization progresses slower than expected, the company's revenue expansion and earnings release may be affected, and there is a risk of valuation reversion.

Evernorth plans to raise about $80.7 million through Cantor equity financing arrangement, with proceeds including purchases of XRP

XRP treasury company Evernorth plans to raise about $80.7 million through a committed equity financing arrangement with a Cantor Fitzgerald affiliate, with proceeds intended for general corporate purposes including purchases of XRP. The company currently holds about 473 million XRP.

Evernorth's October 23 SEC filing shows the company has the right, once relevant conditions are met, to sell up to about 5.219 million newly issued common shares to CF Principal Investments in tranches. Based on the October 22 closing price of $15.46 per share, that corresponds to about $80.7 million; the actual amount raised depends on the number of shares sold and the transaction price, and this is neither a completed financing nor a completed coin purchase.

Meta: plans to launch a $60 billion at-the-market offering program for Class C common stock in Q1 2027

Meta Platforms (META.O): plans to launch a $60 billion at-the-market offering program for Class C common stock in the first quarter of 2027. It also said artificial intelligence is creating significant opportunities in its core business and in new products and services.

Meta plans to raise $35 billion in stock offering; Nvidia, AMD and others interested in subscribing up to $5 billion

Meta Platforms (META.O) plans to raise about $35 billion in total through two concurrent underwritten public offerings, including about $22.5 billion of Class A common stock and about $12.5 billion of Series A mandatory convertible preferred stock. According to reports, Meta's common stock offering will be conducted through forward sale agreements, while the preferred stock offering involves depositary shares representing the Series A mandatory convertible preferred stock. Information indicates Meta plans to issue up to 250 million Series A depositary shares. In addition, Nvidia, AMD and Broadcom all intend to purchase up to $5 billion of Meta stock.

A further up to roughly $60 billion will be sold in tranches in the public market through an at-the-market (ATM) program, in shares of a Class C non-voting stock class Meta plans to create. Combined fundraising from the common and preferred stock sales could reach up to $95 billion, with proceeds to be used for artificial intelligence development.

Foreign media: Anthropic to release S-1 filing at 21:00

According to Fox Business: Anthropic will release its S-1 filing at 9 a.m. US Eastern time (21:00 Beijing time).

Strategy made no new bitcoin purchases in the past week

Filings show Strategy made no new bitcoin purchases in the past week.

Blast withdrawal interface closes, with about $40.4 million still not moved out of the cross-chain bridge

Blast's official withdrawal interface expired on October 26, and as of the deadline about $40.4 million of assets had still not been transferred out of its official cross-chain bridge. Thereafter, users must interact directly with Blast's cross-chain bridge contract on Ethereum to withdraw, which still requires submitting a cryptographic proof and waiting 1 day; USDB withdrawals also require separately claiming DAI. Blast has published a contract-level withdrawal guide. Previously, Blast announced in early October that it would gradually shut down the network because operating costs exceeded L2 revenue, and advised users to move assets to the Ethereum mainnet before October 26.

Strive adds 6,182 bitcoin last week, holdings rise to 43,000

According to an 8-K filing Strive (ASST) submitted to the US SEC, the company purchased 6,182 bitcoin between October 17 and October 23 at an average price of about $82,732 (including fees), for a total of about $511 million, raising its bitcoin holdings from 36,818 to 43,000. Over the same period, the company's cash and cash equivalents rose from $317.5 million to $504.4 million, SATS preferred shares outstanding rose from 0 to 7 million, and Class A common stock increased by about 3.27 million shares.

SpaceX signs binding master financing lease commitment with Apollo Global Management

US Securities and Exchange Commission (SEC) filings show SpaceX (SPCX.O) has signed a binding master financing lease commitment with Apollo Global Management. Apollo will purchase GPU clusters and related equipment and lease them to SpaceX. Total principal payments under the lease arrangement are expected to reach $40 billion. The lease arrangement will commence when the GPUs are delivered in the first half of 2027. SpaceX's (SPCX.O) lease transactions will be completed by the end of 2026. Each tranche of SpaceX's (SPCX.O) financing lease has a term of about 5 to 5.25 years.

Strive plans to issue up to $1 billion of SATS preferred stock via ATM, with proceeds for bitcoin purchases and other uses

Strive has signed at-the-market (ATM) agreements with seven institutions including Cantor Fitzgerald and Barclays to sell in tranches up to $1 billion of its 15.00% Series A perpetual SATS preferred stock. Proceeds will be used for general corporate purposes, including purchasing bitcoin and related products, adding working capital and repurchasing shares. The SATS preferred stock carries a 15% annual dividend rate and a $100 per-share liquidation preference; it completed its IPO on October 20, currently has 7 million shares outstanding, and closed at $94.88 on October 23. As of October 23, Strive held about 43,000 bitcoin at a total cost of $3.8 billion, an average purchase price of $87,785 and a fair value of $3.5 billion.

Brazilian real plunges 8.2% to 5.42 in spot trading after the open

Brazil's B3 exchange adjusted the trading fluctuation limit for Ibovespa index futures to -20% and the fluctuation limit for foreign exchange trading to 12%.

The Brazilian real plunged 8.2% to 5.42 against the dollar in spot trading after the open.

US premarket highlights: Meta seeks up to $95 billion in equity financing to support AI spending

According to Cailianshe, the key US stock market financial news investors should watch is as follows:

All three major US stock index futures rose. Dow futures gained 0.46%, S&P 500 futures gained 0.42% and Nasdaq 100 futures gained 0.73%.
International oil prices fell across the board. WTI crude futures dropped 2.22% to $100.973 per barrel; Brent crude futures dropped 1.57% to $109.949 per barrel.
Spot gold and silver edged higher. Spot gold rose 0.58% to $4,020.86 per ounce; spot silver rose 0.54% to $54.20 per ounce.
All three major European stock indices advanced. The UK's FTSE 100 rose 0.48%, France's CAC 40 rose 0.86% and Germany's DAX 30 rose 0.93%.
Musk posted that SpaceX has completed $40 billion of debt financing, mainly to purchase Nvidia GPUs, with the equipment expected to be delivered in the first and second quarters of 2027.
Meta plans to raise $35 billion and launch a $60 billion stock offering program, stepping up investment in AI infrastructure. Nvidia, AMD and Broadcom have indicated they intend to subscribe to a combined total of up to $5 billion of Class A common stock.
Apple is reportedly raising orders for its foldable iPhone Duo by 30% to meet market demand. Full-year shipment expectations have been raised to 8 million to 10 million units.
Apple is testing its first large-screen foldable iPad, with a screen size of up to 20 inches; it is expected to launch in 2028, with first-year shipments projected at 500,000 to 1 million units.
Samsung Electronics and SK Hynix have scheduled mass production and shipments of 8-layer HBM4 supplied to Nvidia for around the second quarter of next year.
Anthropic will release its S-1 filing at 9 a.m. US Eastern time that day (21:00 Beijing time). Its IPO plan remains on schedule, with a possible listing date of November 19 or 20.
The UK will invest £100 million to establish a national-level AI biosecurity laboratory, jointly supported by OpenAI, Anthropic and Google DeepMind, aimed at using AI to identify and monitor emerging biosecurity threats.

Bitmine's ETH holdings rise to 6.05 million, with 2.04 million shares repurchased last week

Ethereum treasury company Bitmine (BMNR) announced that as of October 25 it holds 6,051,933 ETH, equal to 4.95% of the total ETH supply, after adding 10,452 ETH in the past week. The company's crypto assets, cash and marketable securities, and "moonshots" investments total about $15 billion, including 215 BTC and $514 million in cash and marketable securities. Bitmine repurchased 2.04 million shares in the past week at an average price of $22.48, bringing cumulative repurchases in 2026 to 22.9 million shares for a total of $399.6 million. It has currently staked 5,227,037 ETH, worth about $12.3 billion at $2,356 per coin.

Strategy repurchases $205 million of STRC preferred stock, dollar assets reach $5.1 billion

Strategy executive chairman Michael Saylor posted on X that the company has repurchased $205 million of its STRC preferred stock. As of October 25, Strategy holds 848,517 bitcoin and $5.1 billion of dollar assets. STRC is a variable-rate perpetual preferred stock issued by Strategy.

Anthropic publicly files S-1, plans to list on Nasdaq under the ticker "ANT"

US SEC filings show that AI company Anthropic, PBC has publicly filed its S-1 registration statement, applying to list its Class A common stock on the Nasdaq Global Select Market under the ticker "ANT", with Goldman Sachs and Morgan Stanley at the top of the underwriter list. The filing has not yet disclosed the number of shares to be offered or the price range. Financial data shows Anthropic's 2025 revenue was $4.585 billion, versus $386 million in 2024; first-half 2026 revenue was $16.286 billion, versus $1.163 billion a year earlier. Its first-half 2026 net loss was $80.748 billion, of which $72.388 billion came from fair value changes in convertible notes, derivative liabilities and SAFEs.

Anthropic: has raised $141.1 billion in capital as of June 30

Anthropic: has raised $141.1 billion in capital as of June 30. As of September 30, net revenue retention was about 900%. The number of customers with annual revenue of more than $100,000 grew from 950 to more than 11,900 year over year. On spending, under relevant arrangements with SpaceXAI, Anthropic agreed to spend a total of up to $120.5 billion over the period through 2029. The company cautioned that revenue growth may be difficult to sustain and growth rates may decline, that costs will increase over time and losses will continue, that it may not achieve or maintain profitability in the future, and that it does not expect to pay dividends in the foreseeable future.

Anthropic has established a Long-Term Benefit Trust and will create Class T special stock for Class T directors to hold

On corporate governance, Anthropic has established a Long-Term Benefit Trust and will create Class T special stock for Class T directors to hold; the company repurchased about 4.5 million Class B preferred shares in October 2025. Anthropic said it intends to devote a considerable portion of its resources to ensuring the safety of frontier artificial intelligence and enabling it to broadly benefit people, while noting in its risk factors that some worry that without appropriate regulation, advanced AI systems could pose catastrophic or existential risks to humanity. Anthropic's board approved a framework under which, each time the share price rises 50%, up to a number of Class N shares equal to 2% of total equity may be issued to the public benefit fund. The co-founders have each pledged 80% of their personal equity in Anthropic to charity. For the year ended December 31, 2025, expenses related to Anthropic's donation matching program were $541 million. Under the Broadcom lease arrangement, total rent payable by Anthropic over the lease term (excluding interest) is about $161.2 billion. Compute and infrastructure expenses are expected to increase in absolute dollar terms and will remain its largest operating expense for the foreseeable future. Risks will increase as AI systems automate AI research and development. Anthropic will spend up to about $114.5 billion with Google through 2033.

Anthropic's founding team will retain 50.1% voting power, with the Long-Term Benefit Trust selecting a majority of board seats

According to Anthropic's S-1 filing, after listing the Founder LLC will hold 1 Class F share carrying 50.1% of the vote on general shareholder matters but no economic interest, and the company will list on Nasdaq as a "controlled company". A Long-Term Benefit Trust made up of 5 trustees with no financial interest will select a majority of board seats through Class T stock. In addition, the company has injected about 847 million Class N shares, roughly 5% of fully diluted equity, into the Anthropic public benefit fund; all 7 co-founders have pledged 80% of their personal equity to charity.

Anthropic targets an IPO in the week of November 16

According to the Wall Street Journal: Anthropic is targeting an IPO in the week of November 16. Anthropic: it has not reached any agreement for a major acquisition at present.

Anthropic: no single customer accounts for more than 10% of revenue

Anthropic: no single customer accounts for more than 10% of revenue. 79% of revenue comes from customers outside the top five. Google purchased 38.6 million G-2 non-voting redeemable shares. Under an April agreement, Amazon will provide up to $20 billion in financing.

Anthropic: more than 1,900 customers with annual revenue over $1 million; net revenue retention about 900%

According to Anthropic's S-1 filing, as of September 30, 2026, it had more than 11,900 customers that contributed over $100,000 of revenue in the trailing 12 months, more than 1,900 contributing over $1 million and about 250 contributing over $10 million. Net revenue retention is about 900%. As of the same date, revenue per employee over the trailing 12 months exceeded $6.6 million, compared with about $1.4 million a year earlier.

Anthropic's target valuation still undisclosed, with the deal size potentially reaching $100 billion

Anthropic's expected spending related to compute and infrastructure agreements will reach $125 billion to $150 billion.

Two key pieces of information remain undisclosed: the listing valuation the company is seeking and the number of shares it plans to issue. Those details may not be released for about two more weeks. At that point Anthropic will file an updated listing document after collecting investor feedback. People familiar with the matter said Anthropic plans to list in the week of November 16, though the exact timing may still change. The people said Anthropic's IPO could raise $100 billion or more, with a valuation potentially reaching $1.5 trillion to $2 trillion.

Apple launches new iPad mini: 8.5-inch OLED display, starting at 5,499 yuan

Apple has released a new iPad mini featuring an 8.5-inch OLED display and an A20 Pro chip, a body just 5.4mm thick, and IP67 water and dust resistance. Apple said the new device's AI performance is up to 4.5x that of its predecessor, graphics performance up to 2.7x and cellular data speeds up to 50% faster. The new iPad mini comes in Midnight and Starlight and in 128GB, 256GB and 512GB capacities, with orders opening October 28 and official sales starting November 6. The Wi-Fi model starts at 5,499 yuan, the cellular model at 6,799 yuan, and education pricing starts at 5,099 yuan.

Tesla's intraday gain widens to 5.5%, touching a more than three-month high

Binance market data shows Tesla (TSLA.O) widened its intraday gain to 5.5%, touching a more than three-month high.

Anthropic: first-half 2026 subscription revenue $3.2 billion, consumption-based revenue $13.06 billion

Anthropic: first-half 2026 subscription revenue was $3.2 billion, versus $180 million a year earlier. First-half 2026 consumption-based revenue was $13.06 billion, versus $983 million a year earlier.

a16z letter to CFTC: supports listing compute derivatives in the US, says existing regulatory framework already covers them

a16z recently submitted a public comment letter to the US Commodity Futures Trading Commission (CFTC) in response to the CFTC's request for comment on listing compute derivatives contracts, saying it supports establishing a regulated compute derivatives market in the United States. Such derivatives would help AI startups and cloud service providers hedge compute price, utilization and tenor risk, and would lower the cost of financing AI infrastructure.

a16z said the CFTC needs no new statutory authority — the Commodity Exchange Act (CEA), the Part 38 core principles and the Part 40 self-certification process are sufficient, and no new rules are needed before listing. The letter recommended that the CFTC rely on the existing regulatory framework, support compute price benchmarks that comply with International Organization of Securities Commissions (IOSCO) principles, and allow exchanges to launch cash-settled compute futures, including term futures and perpetual contracts. a16z crypto is an investor in Ornn, and ICE announced in May that it plans to launch GPU compute futures based on the Ornn Compute Price Index (OCPI).

Coinbase to list Ritual (RITUAL) for spot trading

Coinbase will list Ritual (RITUAL) for spot trading on October 26. If liquidity conditions are met, the RITUAL-USD trading pair will open later the same day, only in regions where trading is supported.

Keystone updates security incident response: 18,835 devices with old keys to be destroyed, customer data retention cut to 90 days

Hardware wallet maker Keystone published an update on its handling of a security incident, disclosing that the incident involved 25,964 buyer records containing personal information, and that device verification keys obtained by attackers could be used to manufacture counterfeit devices capable of passing verification on the official website.

In response, Keystone will stop using the old keys, destroy 18,835 devices in inventory that use the old keys, and suspend delivery of unshipped orders placed on its official website, resuming shipments once devices using new keys are produced; it will also shorten the retention period for customer personal information from 180 days to 90 days. Keystone warned that for devices using the old verification keys received after October 20, even if they pass official website verification, the risk of counterfeiting cannot be fully ruled out, and users should contact customer service for further verification.

trade.xyz launches Anthropic pre-IPO perpetual market ANT

trade.xyz announced it has launched ANT, a pre-IPO perpetual (IPOP) market for Anthropic. The contract tracks 1 share of Anthropic, PBC Class A common stock (labeled Nasdaq: ANT), is denominated in US dollars, and currently reflects the market's expectations for its share price. Once the underlying stock lists, ANT is expected to convert to a standard XYZ perpetual. trade.xyz noted that pre-IPO markets may be highly volatile and that the mark price may hit the upper and lower limits of the discovery bounds more frequently, so its deviation from the reference price will be temporarily limited.

CFTC Chair: advancing a voluntary federal registration path for crypto exchanges

US Commodity Futures Trading Commission (CFTC) Chair Mike Selig said that with the US Congress yet to act on relevant legislation, the CFTC is advancing a voluntary federal registration path for cryptocurrency exchanges to bring them closer to US market regulatory standards. Selig said the crypto market should be subject to the same protective mechanisms as the US derivatives market.

US Treasury to buy back up to $6 billion of longer-dated bonds on Tuesday

The US Treasury will buy back up to $6 billion of longer-dated bonds on Tuesday.

Nasdaq rises 1.3% as AI-related stocks gain; Nvidia up 3.1%

Binance market data shows US stocks extending gains, with the S&P 500 up as much as 1% and the Nasdaq up 1.3%. The Philadelphia Semiconductor Index rose 3%. After Anthropic filed for its IPO, AI-related stocks rose: Nvidia (NVDA.O) gained 3.1%, Microsoft (MSFT.O) 1.1%, Amazon (AMZN.O) 1%, Broadcom (AVGO.O) 2.8%, Micron Technology (MU.O) 3.5% and SpaceX (SPCX.O) 1.4%.

Chainlink launches new solution allowing institutionally custodied assets to participate directly in DeFi lending

According to Chainlink's official blog, Chainlink has officially launched CustodySync, which allows qualified custodians to let their institutional clients participate in DeFi lending markets while assets remain in custody, with Anchorage Digital, a federally chartered US digital asset bank, as the official launch partner. The solution publishes custody balances onchain via Chainlink Proof of Reserve and issues to lending markets restricted-transfer receipt tokens representing the custodied assets as collateral; the custodian and the lending protocol calculate LTV using the same price data from Chainlink Data Feeds and Data Streams, and on liquidation a designated collateral agent executes the sale. Chainlink said digital asset custody currently totals about $700 billion, while DeFi lending markets hold more than $80 billion in deposits and more than $30 billion in active loans.

NBA partners with Kalshi and Polymarket, formally entering prediction markets

The NBA announced it has named Kalshi and Polymarket as the league's "preferred prediction market exchanges"; both will receive rights to use NBA intellectual property, US marketing rights, and official data provided by Sportradar for operating and settling NBA-related markets. DraftKings is expanding its partnership to become an "authorized prediction market operator". The NBA also signed a memorandum of understanding with the US Commodity Futures Trading Commission (CFTC) to cooperate and share information, and established an integrity framework that includes limiting the scope of tradable markets, barring league and team personnel from trading NBA event contracts, and sharing information on investigations and suspicious trades. The NBA said more authorized prediction market operators will be added in the coming weeks.

Hyperliquid launches HIP-3*, enabling deployment of permissioned perpetual markets

Hyperliquid said in a post on X that HIP-3 will, in a future network upgrade, support deployers opting to configure permissioned markets; the related add-on features are collectively called HIP-3*, centered on an onchain allowlist managed by the deployer or its sub-deployers. The feature is an optional add-on to HIP-3, enabled at the deployer's discretion, and existing markets are unaffected; the first version is live on testnet and the specification remains preliminary.

Hyperliquid also said Payward, Kraken's parent company, plans to become the first CFTC-regulated deployer of HIP-3* markets, using Hyperliquid to deploy perpetual markets for US customers. Pending regulatory approval, Payward's CFTC-regulated Bitnomial will act as deployer, responsible for creating and managing markets and clearing and settling contracts, while NinjaTrader Clearing will carry customer accounts.

OpenAI releases GPT-6.1 Terra with 50% lower API pricing

OpenAI said in a post on X that it is launching GPT-6.1 Terra, focused on computer-use capabilities that can understand screen content and execute actions across applications. Compared with GPT-5.6 Terra, the new model's standard API price is 50% lower; on the Agents' Last Exam test, which measures an agent's ability to use office software, it performs on par with GPT-6 Astra but at one-tenth the price per token, and completes tasks more than 3x faster on average than GPT-6 Astra and GPT-6.1 Sol. GPT-6.1 Terra is available starting today to Plus, Pro, Enterprise and Edu users of ChatGPT Work and Codex, and developers can also access it via API.

Akash launches governance vote on migrating the network from Cosmos to Solana

Decentralized cloud computing network Akash has launched governance proposal 346, seeking to migrate the network from its Cosmos sovereign chain akashnet-2 to the Solana mainnet. Voting began at 23:02 Beijing time on October 26 and will end at 23:02 on November 2; yes votes currently account for about 98.29%.

According to the proposal, if it passes and the token and migration portal audits are completed (expected to take 2 to 3 weeks), AKT will launch on Solana as an SPL token, migrating 1:1 while retaining the ticker; the one-way migration portal will be open for 2 years, and staked AKT must first be unstaked (21 days) before it can be migrated. The proposal sets no switchover date, and the market migration requires a separate switchover proposal. Akash said it chose Solana mainly because of operating costs under load, the absence of a single operator and the concentration of the DePIN ecosystem, among other factors.

OpenAI announces three new AI scientific discoveries, says it has disproven the Exponential Time Hypothesis

Its internal models have made three new discoveries in mathematics, computer science and physics. One of the models proved that the Exponential Time Hypothesis (ETH), used as a computational hardness assumption in hundreds of papers, is false; the result has been formally verified in Lean and will be checked by a group led by the hypothesis's proposers Russell Impagliazzo and Ramamohan Paturi along with MIT professor Ryan Williams. The model also proved the local smoothing conjecture in arbitrary dimensions, thereby resolving the Kakeya conjecture and the Stein restriction conjecture; in physics, it provided a rigorous existence proof for four-dimensional quantum field theories including quantum chromodynamics, including an existence proof for pure Yang-Mills theory tied to a Millennium Prize problem, to be checked by a group led by Nobel laureate in physics David Gross. These results still await independent verification by the academic community.

Ripple National Trust Bank receives final OCC approval, will support RLUSD and enterprise digital asset custody

Ripple CEO Brad Garlinghouse announced that the US Office of the Comptroller of the Currency (OCC) has granted final approval to Ripple National Trust Bank. This will give Ripple a federally regulated platform to support RLUSD and provide digital asset custody services to enterprises.

Circle has minted 112 billion USDC on Solana this year, nearly double last year's total

According to Onchain Lens, Circle minted 112.01 billion USDC on Solana through 448 transactions between January 1 and October 26, 2026, nearly double the 56.25 billion for all of 2025, an increase of 99.1%. On October 26 alone, Circle minted 500 million USDC through two transactions of 250 million each.

Monthly data shows every month of 2026 exceeded 2025's strongest month, November (about $8.25 billion). September set the 2026 monthly high at 13.5 billion, and October had already reached 13.25 billion by the 26th. Transaction sizes remain around 250 million. Note that 112.01 billion is total USDC minted, not growth in net circulating supply; a full assessment also requires analyzing burns, redemptions and changes in outstanding supply.

Hong Kong crypto payment card company Redotpay plans confidential IPO filing before year-end

Hong Kong crypto payment card company Redotpay is considering a confidential US IPO filing before the end of the year, after months of discussions on regulatory issues. The company is also discussing a possible pre-IPO funding round with investors at a valuation that could reach $4 billion to $5 billion. Founded in 2023, Redotpay offers physical and virtual cards for crypto transactions, with a focus on stablecoins.

People familiar with the matter said Redotpay has more than 9 million customers and 280 employees, annualized revenue of more than $180 million, revenue growth of more than 50% year over year in the first three quarters of 2026 and an operating margin above 50%. The company is working with JPMorgan, Goldman Sachs, Jefferies and Barclays on the IPO at a valuation of at least $5 billion. Redotpay did not respond to a request for comment. It raised $194 million in 2025 from investors including the venture arms of Coinbase and Circle.

MARA Holdings sold 1,000 BTC six hours ago, worth about $80.19 million

Bitcoin miner MARA Holdings sold 1,000 BTC ($80.19 million) six hours ago.

Intel agrees to acquire startup Classiq to build a full-stack quantum business

Intel has agreed to acquire Israeli quantum computing startup Classiq Technologies for an undisclosed price, with the deal expected to close in the first half of 2027. Classiq's customers include BMW and AT&T, and its technology helps customers write code that can be tested and run on any type of quantum hardware. The acquisition will strengthen Intel's quantum hardware research and development and make its products easier to deploy on quantum computers.

Intel CEO Lip-Bu Tan said teaming up with Classiq will transform Intel's quantum computing unit into a full-stack quantum computing company. Classiq has raised more than $200 million in total and has about 130 employees; after the acquisition it will continue helping customers develop code that runs on multiple types of quantum hardware, including competitors' hardware. Intel has worked for more than a decade to turn its silicon manufacturing advantage into a quantum computing position, focusing on spin qubit technology.

Zhao Changpeng: crypto assets will become the native currency of AI, and he hopes BNB Chain becomes a major network

Binance founder Zhao Changpeng said at a media briefing after the BNB Standard Nasdaq bell-ringing ceremony that crypto assets will become "the native currency of AI". He said AI could use bitcoin, existing stablecoins or tokens that AI companies issue in the future, but that he hopes BNB Chain becomes one of the main networks, adding that this still requires building. Zhao also mentioned that he had discussed tokens linked to compute resources earlier that day and hopes to bring them to BNB Chain, without giving details. Zhao also said crypto payments remain inconvenient for ordinary users and advised startups to focus first on underserved markets and remittance corridors rather than competing head-on with Apple Pay or Google Pay in the US.

Ethereum ICO-era whale moves another 3,000 ETH to exchanges, still holds 47,000

The ancient whale that bought 100,000 ETH in the 2015 ICO continues to sell, moving 3,000 ETH ($6.94 million) to exchanges in the past 24 hours. Its cost was as low as $0.31, which would mean a return of 746,324% if sold; it still holds 47,000 ETH ($109 million) onchain. Last night it moved more than $100 million of stablecoins to major exchanges, market makers and OTC desks for unknown purposes.

Three linked wallets moved a combined 482,200 SOL in the past 3 days for sale, depositing 171,400 to exchanges

A whale is selling SOL. Three wallets likely belonging to the same whale moved 482,228 SOL ($49.17 million) in the past 3 days for sale, and have so far deposited 171,430 SOL ($17.3 million) to exchanges.

Former Discord product head Peter Sellis announces he is joining X to lead product

Peter Sellis, former head of product at Discord and Snapchat's first product manager, announced he is joining Musk's social media platform X to lead its product organization. Sellis said he strongly identifies with SpaceX's mission of extending human consciousness to the stars, and that it is time to make "shitposting multiplanetary."

Previously, former X product head Nikita Bier announced in August that he was stepping down from the product leadership role to become an advisor; during his tenure, X saw substantial growth in new users and user engagement.