Business
SK Hynix suspends plans for Solidigm US IPO due to market volatility
SK Hynix’s plans to launch its US memory unit Solidigm on an American exchange at a listing projected to be worth $15 billion have been called…
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SK Hynix suspends plans for Solidigm US IPO due to market volatility
SK Hynix’s plans to launch its US memory unit Solidigm on an American exchange at a listing projected to be worth $15 billion have been called off. The decision was made due…
OpenAI seeks $30B funding round at $1.25T valuation ahead of potential IPO
OpenAI is reportedly raising up to $30 billion at a $1.25 trillion valuation, led by UAE investors and Coatue, ahead of a potential 2027 IPO. The post OpenAI seeks $30B funding round…
Meta Creates Non-Voting Stock to Fund AI Buildout, Keeping Zuckerberg in Control
Meta will hand shareholders a free non-voting share for every share they own in January, giving it a way to raise equity for AI spending without diluting Zuckerberg's 60.6% vote.
Coinbase Fined Again in Ireland, This Time $3.6M Over Fund Safeguarding
The Central Bank of Ireland penalized Coinbase Ireland €3,252,618 for leaning too heavily on its U.S. parent and leaving its safeguarding account underfunded—its second hit to the exchange’s European arm in the…
Securitize CEO says public companies will want tokenized trading
Tokenized trading could revolutionize capital markets by enhancing liquidity, expanding investor access, and modernizing infrastructure. The post Securitize CEO says public companies will want tokenized trading appeared first on Crypto Briefing.
Eric Schmidt says AI could cut 20% of jobs at large companies, starting with ‘glue people’
AI-driven job cuts in large firms could reshape workforce dynamics, emphasizing creative and leadership roles while reducing coordination tasks. The post Eric Schmidt says AI could cut 20% of jobs at large…
SoFi Launches Tokenized Deposit That Earns 4.4% and Converts to a Stablecoin
Each SOFIE token represents $1 on deposit at SoFi Bank, earning 4.40% APY with FDIC insurance—a yield-and-protection combination ordinary stablecoins lack.
IBM beats earnings estimates as its $7.8 billion software empire helps revive growth
IBM exceeded Wall Street’s earnings expectations for the third quarter on Wednesday, October 21, thanks to the company’s $7.8 billion software unit, which saw revenues rise 5 percent to $17.1 billion. Financial…
Meta stock surges after earnings beat with a $64 billion revenue, but operating profits slumped
Meta shares jumped 2.5% in extended trading Wednesday after the Facebook parent beat Wall Street’s third-quarter revenue expectations, bringing in $64.60 billion against forecasts of $63.37 billion. While Meta’s revenues surged by…
Tesla beats Wall Street's earnings expectations, but Elon Musk has a $787 million profit problem
Tesla gave Wall Street better earnings than expected on Wednesday, but the numbers came with a pretty big catch: profits are shrinking. Elon Musk’s company made just $787 million for common shareholders…
Tesla–SpaceX merger talks could put 30,221 Bitcoin under one roof
Elon Musk confirmed that Tesla and SpaceX are exploring a merger that could combine their existing Bitcoin holdings under one company. Speaking during SpaceX's Oct. 20 earnings call, Musk said both companies…
CryptoSlate
How a SpaceX and Tesla Merger Would Reshape Musk’s AI Empire
Both boards are now studying a tie-up that would put Grok, X, Starlink, orbital data centers, a chip megafactory and Optimus robots under one roof—and under one man's control.
Dogecoin Gets a Dedicated Company to Build Out Its Ecosystem
Formed with the Dogecoin Foundation and led by MyDoge founder Jordan Jefferson, the new company consolidates the MyDoge wallet, DogeOS app platform, and Such App to build an economy around DOGE.
Musk’s SpaceX-Tesla Merger Would Create a Bitcoin Treasury Behemoth
Musk said both boards formed committees to weigh a tie-up that would combine Tesla’s 11,509 BTC and SpaceX’s 18,712 BTC—roughly $2.5 billion worth—onto a single balance sheet.
OCC Finalizes GENIUS Act Stablecoin Rules Ahead of January Deadline
The rule sets reserve, redemption and risk standards for issuers, but the OCC has yet to say when it will begin accepting applications.
Super Micro sees up to $19.5B quarterly revenue as AI demand jumps
Super Micro Computer (SMCI) expects its quarterly revenue to hit $18.5 billion to $19.5 billion, about $4 billion above the midpoint of its previous guidance. This stronger outlook led to a surge…
SpaceX posts $4.4B profit as AI revenue jumps ninefold
SpaceX (SPCX) reported $14.58 billion in third-quarter revenue, but its reported $19.6 billion spending spree has raised questions about the cost of its aggressive expansion into artificial intelligence. According to the earnings…
Microsoft, Alphabet, Goldman Sachs Join Growing List of Companies Objecting to Tokenized Stocks
Sixteen companies have now objected to having their shares traded on the planned OKX-ICE tokenized stock venue, up from nine just four days earlier, according to an updated public notice.
Swiss Regulator Approves First Retail Fund That Holds Bitcoin Directly
FINMA waived the diversification rules for the fund but leaned hard on custody and investor-protection safeguards.
Fidelity says poorer people can access more IPOs
As demand for US IPOs dries up, retail demand has become increasingly important, and brokerages like Fidelity are happy to accommodate. The post Fidelity says poorer people can access more IPOs appeared…
Protos
The Midterms Are the First Real Test of Whether Markets Beat Pollsters
Former NBC News political director Chuck Todd is hosting NEXTPredict two weeks before the vote, and has yet to pick a side.
Mastercard Opens Up AI Agent Payments With Early Access and Live Demo
At Cloudflare Connect, the company demoed an AI agent running a sample ad campaign across nine payments to two merchants on a single approved budget.
Morning Minute: Nine Blue Chip Companies Say No to Tokenized Stocks
If companies are objecting, does that deflate the tokenized stock hopes before they begin to materialize? And who is impacted the most?
Kansas CEO Masterminds $1,000,000,0000 Medicare Fraud, Sentenced to 19 Years Behind Bars
Federal prosecutors have secured a 19-year prison sentence against a Kansas businessman who operated an online platform that generated false medical orders to defraud Medicare. Brett Blackman, 43, of Johnson County, Kansas,…
The Daily Hodl
Trump sues JPMorgan for $5B! Ledger prepares for $4B IPO! “Crypto Adoption is no longer reversible” says PWC!
Crypto majors are red while Gold nears $5,000 and Silver closes in on $100; BTC -1% at $89,100; ETH -2% at $2,925, SOL -2% at $127; XRP -2% to $1.90. ZRO (+15%),…
PsyopAnime Meme up 30X! Are Memes back? Monero ATH! Interview W/ Joseph Chalom, CEO of Sharplink
Crypto majors are green; BTC +1.5% at $92,000; ETH +1% at $3,130, SOL +2% at $142; XRP +1% to $2.06. DASH (+60%), IP (+30%) and XMR (+13%) led top movers; XMR hit…
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Cardano Foundation Opposes MiCA Regulation for DeFi Protocols
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Fhenix brings encrypted smart contracts to Ethereum and Arbitrum
Fhenix has deployed CoFHE on the Ethereum and Arbitrum mainnets, introducing fully homomorphic encryption to allow approved applications to execute…
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