Canadian AI startup Cohere has completed the first closing of a funding round that could raise up to $5 billion, valuing the company at $20.5 billion—about twice its valuation a year ago. Investors who have committed funding include the Canadian government and Nvidia. A previously announced $600 million investment from Germany’s Schwarz Group is also included. The Canadian government has agreed to invest up to $1.14 billion. Cohere says the first closing covers most of its fundraising target, but has not disclosed the amount secured. The company plans to keep its headquarters in Canada and expects to invest about $1.2 billion in new computing infrastructure there by 2030. If completed, the round would be the largest private financing in Canadian history. The reported valuation excludes the new funding.
About $11 billion in Bitcoin options, covering roughly 135,000 BTC, are set to expire on Deribit on Friday. The contracts represent about a third of the exchange’s Bitcoin options open interest. Bitcoin was trading near $81,500 ahead of expiry.
Calls outnumber puts by nearly two to one, with a put-to-call ratio of 0.52. However, about 86% of contracts are out of the money at current prices, and the $11 billion figure is notional value—not cash changing hands. Deribit’s max-pain level is $78,000, below the market price, but it is not a reliable price forecast.
The expiry could prompt options sellers to adjust their Bitcoin hedges, potentially adding short-term volatility. The Federal Reserve also held rates at 3.75%–4% in a 10–2 vote, with two officials favoring a rate increase. That hawkish split and a 5.05% 10-year Treasury yield remain broader factors for risk-asset sentiment.
OKX-ICE joint venture co-chair Andrew Cuomo said a Wall Street Journal ad warning companies about tokenized stocks signals that competition is shifting from whether tokenization will happen to which platform will lead the market. He pointed to the ad’s QR code linking to Nasdaq’s FAQ and described the dispute as a contest between tokenization platforms.
The ad, paid for by the Common Sense Leadership Fund, urged companies to use their SEC opt-out right and warned that their shares could otherwise trade on unregulated venues. Nasdaq said it plans to opt its own shares out of tokenized securities venues, but denied involvement in the ad. Securitize and Jito Labs’ Rebecca Rettig disputed the ad’s warnings, arguing that properly regulated tokenized stocks are different from offshore synthetic products.
An Oct. 28 OKX-ICE notice listed 38 companies objecting to tokenization, up from 33 the previous day. Under the SEC innovation exemption, each company has 30 days to object after receiving notice. Cuomo said some firms have also expressed interest in opting in, but gave no names, numbers or launch date.
The growing dispute highlights regulatory and competitive uncertainty around tokenized stocks, rather than a confirmed change to crypto-market activity.
Bitcoin recovered above $81,000 on Thursday after briefly falling below $80,000, despite a sharp sell-off in US technology shares. The Nasdaq dropped 1.5% as investors retreated from companies linked to artificial intelligence spending. Alphabet fell 12% after disappointing results, while ServiceNow slid 23% after missing forecasts.
Treasury yields also eased: the 10-year yield fell seven basis points to 4.98%, and the two-year yield dropped 7.5 basis points to 4.66%. The implied probability of a December rate hike fell below 80%, after nearing 90% the previous day.
Bitcoin’s rebound diverged from the equity downturn, suggesting some investors may have shifted capital towards crypto during market stress. US spot Bitcoin ETFs recorded three straight days of inflows totalling about $424 million; Tuesday’s inflow was $176 million, with BlackRock’s IBIT leading. The move offers a potentially supportive signal for Bitcoin, though the article does not establish a lasting safe-haven trend.
Shiba Inu (SHIB) traded near $0.00000484 on October 29, down 2.6% for the day and 13.4% over the past month. The decline pushed SHIB below the key $0.000005 level and toward its 2026 lows. A technical reading put immediate support near $0.00000480 and resistance around $0.00000503; the relative strength index was about 38, signalling weak momentum but not confirming a market bottom.
For a stronger recovery, SHIB would need to reclaim $0.000005 and hold above resistance. Further potential resistance levels are $0.00000519–$0.00000535, followed by around $0.000006. A drop below $0.00000480 could expose support near $0.00000462 and the $0.00000410–$0.00000420 zone.
Shibarium’s development and SHIB token burns have not yet offset selling pressure. Shibarium uses BONE for transaction fees, so increased network activity does not necessarily create direct demand for SHIB. Although nearly 298 million SHIB were reportedly burned in one period in early October, that amount is small compared with the roughly 589 trillion tokens in circulation. Price levels are conditional technical scenarios, not guaranteed targets.
PEPE rose more than 11% over 24 hours, reaching a high of 0.00000568 USDT. It was later trading at 0.00000540 USDT, according to OKX market data. The move points to strong short-term momentum in PEPE, though the report gives no specific catalyst.
Polymarket Perps has launched ANTHROPIC-USD, a pre-IPO perpetual contract tracking Anthropic’s valuation. The contract supports up to 10x leverage, trades 24/7 and settles in pUSD. Its reference price is Hyperliquid’s io:ANT market. Polymarket Perps plans to convert the contract into a standard perpetual after Anthropic completes an IPO. The launch gives traders leveraged exposure to Anthropic’s pre-listing valuation, but also carries the risks of high leverage and pricing uncertainty before a public listing.
Securitize plans to integrate the Stellar network into its institutional infrastructure for issuing and managing tokenized financial assets. Announced on October 28 at Meridian 2026 in Lisbon, the planned Stellar integration is intended to give asset managers more blockchain options. No specific Stellar-based product or launch date has been announced.
For XLM traders, the development adds an institutional adoption narrative, but it does not establish new revenue for the network or prove that asset managers or investors will need to buy XLM. The announcement also does not imply unrestricted trading of tokenized securities, which may remain subject to investor eligibility and transfer rules.
The next indicators to watch are a named product, its launch timeline, and evidence of actual issuance, subscriptions, redemptions or other usage. Until those details emerge, the Stellar integration is an infrastructure milestone rather than evidence of measurable network activity or investment returns.
Solana has integrated with Polygon’s Open Money Stack, adding payment services for businesses operating on the Solana network. Solana Foundation President Lily Liu marked the announcement with the phrase “unblocked and unmuted,” but did not explain its context or describe any prior dispute between the teams.
The Polygon integration connects bank deposits, cards and other funding methods with wallets, asset conversion and payouts. Businesses can accept or convert stablecoins and other supported assets, including USDC, USDT and PYUSD, and route funds across Solana, TRON and Ethereum-compatible networks. The service also offers virtual accounts and embedded wallets, while allowing companies to keep their existing compliance and settlement providers.
Polygon says its U.S. payments business has 37 state money transmitter licences and 11 applicable exemptions. The launch follows Polygon’s August rollout of Trails, its cross-chain routing service, and comes after Solana appointed former Polygon Labs executive Jamal Raees to lead payments. The article also reports that Solana processed more than $5 trillion in stablecoin transaction volume during 2026, citing a Solana executive.
The integration could make it easier for businesses to use Solana for stablecoin payments and connect those transfers to traditional bank accounts. It expands payment infrastructure rather than announcing a new token or a change to Solana’s protocol.
Tokenized stocks need more than 24/7 trading to attract larger trades, Gravity Team CEO Mārtiņš Beņķītis said. Market makers need enough capital to manage inventory and hedge risk when traditional exchanges are closed. Reliable redemption into underlying shares, predictable settlement and access to securities are also essential to keep token prices close to stock prices.
An October report by the International Monetary Fund found tokenized equities are significantly less liquid than traditional stocks and have about 1.5 times their realized volatility. Weekend trading and lower trading volumes can contribute to sharper price deviations. Stablecoin conversion and local banking restrictions may add costs, particularly in emerging markets.
Separately, 38 public companies have objected to having tokenized shares represented on OKXICE, a proposed venue backed by OKX and Intercontinental Exchange. The platform plans around-the-clock trading with stablecoin settlement under the SEC’s Innovation Exemption. The objections highlight issuer acceptance as another challenge for tokenized stock markets.
The New York Stock Exchange (NYSE) plans to launch binary options on 12 securities, including Nvidia, Apple, Tesla and the SPDR S&P 500 ETF. The contracts offer a fixed payout if a share closes above or below a set price; otherwise, they expire worthless. NYSE expects trading to begin within days of its October 27 announcement.
The NYSE binary options plan also includes proposed contracts tied to company results, such as revenue and earnings per share. These KPI options would pay $1 or zero, but still need SEC approval. Rival exchange Cboe has authorization for similar products.
The move comes amid record activity in prediction markets. Kalshi reported about $65 billion in October-to-date volume, while Polymarket US recorded roughly $10 billion. Robinhood generated $173 million in prediction-market revenue in the third quarter, surpassing its $120 million in crypto transaction revenue. NYSE’s securities options would fall under SEC oversight, unlike federally regulated event derivatives on platforms such as Kalshi, which are overseen by the CFTC.
Glassnode estimates that long-term holders own about 4 million Bitcoin bought between $85,000 and $118,000, mostly in 2025. At current prices, the holdings are worth about $326 billion and are at a loss. Glassnode defines long-term holders as addresses that have held Bitcoin for more than 155 days.
The $84,000–$85,000 range has turned Bitcoin lower four times this year. Since January, Bitcoin has closed above that zone on only five days. A recovery toward holders’ cost basis could prompt some to sell to break even, creating potential resistance.
US spot Bitcoin ETFs have an estimated average cost basis of $81,500–$82,000. Glassnode puts ETF investors’ average unrealized losses at about $2.63 billion as of Monday; the estimate tracks fund flows and excludes the cost basis of secondary-market buyers. The concentration of underwater Bitcoin holdings may therefore weigh on rallies, although actual selling will depend on market conditions.
Standard Asset Company (SAC) has announced a planned $1.5 billion strategy combining a Bitcoin reserve with investments in UAE real estate. The company has not disclosed how the capital will be divided between the two areas or provided a purchase timeline.
Coinbase Asset Management will exclusively manage SAC’s Bitcoin holdings. The plan describes phased Bitcoin purchases based on valuation and liquidity, alongside a managed-yield strategy that considers liquidity and counterparty risks. Proceeds could support further Bitcoin purchases and selected property investments, including UAE hospitality assets and branded residences.
SAC lists Dubai royal family member Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum among its advisers and shareholders, alongside former White House chief of staff Mick Mulvaney and Coinbase Institutional co-CEO Brett Tejpaul. The company is registered in Abu Dhabi Global Market as a proprietary investment company. Its disclosures say it is not licensed to provide financial services to third parties and do not promise returns.
Neutral
BitcoinCoinbaseUAE real estateInstitutional investmentDigital asset yield
Neocloud stocks have fallen more than 30% this month, raising questions about investor appetite for Anthropic’s proposed Nasdaq IPO. The AI company has filed an S-1, with a potential valuation of $1.5 trillion to $2 trillion. Its IPO could test demand for frontier AI companies as well as sentiment across the tech sector. Investors will watch for changes to the proposed price range or share count in amended filings, alongside updates on Anthropic’s revenue and profitability. The neocloud stocks sell-off may weigh on expectations for the IPO, but the article provides no final valuation or confirmed offering terms.
Ethereum client teams patched a software flaw that could have allowed attackers to redirect validator rewards. No losses have been reported, and developers said the issue did not affect Ethereum’s core protocol. The fix protects staking payouts, but it did not prompt a noticeable buying response in the ETH market.
ETH traded near $2,340, down about 5% over the past week and 13% over 30 days. It remains below its 50-day moving average near $2,450 and only slightly above its 200-day average around $2,320. A daily close below the 200-day average could expose support near $1,940, with another level around $1,850. On the upside, $2,400 is immediate resistance; a sustained move above it could put $2,560 in view.
Momentum indicators remain weak: the daily RSI is around 38, while MACD is below its signal line. The article’s near-term bias is bearish unless ETH reclaims resistance, despite the positive security fix.
XRP remains larger than Solana by market value, but a new analyst forecast says SOL could overtake XRP by the end of 2027. On Oct. 26, Solana’s market value was about $60.4 billion, compared with XRP’s $82.5 billion. Analyst Alex Carchidi says Solana’s activity in tokenized assets, fees and decentralised finance supports the possibility of a flip. He also noted that XRP’s lead could become harder to overcome if the XRP Ledger exceeds $2 billion in tokenized assets in early 2027.
XRP traded near $1.30 on Oct. 29, down about 3% that morning and 13% over the past month. It is below its 50-day and 200-day moving averages, clustered around $1.36–$1.37. The key support area is near $1.25; a break could expose the next floor around $1.05. Resistance sits near $1.40, followed by $1.49. RSI near 42 signals weak momentum, while a bullish MACD crossover offers an early, unconfirmed sign that selling pressure may be easing. Traders are watching whether buyers defend support or reclaim resistance.
Microsoft plans to raise at least $25 billion in its first US investment-grade bond sale since 2017, as technology companies borrow heavily to build AI infrastructure. The offering may include up to 10 tranches, with maturities from two to 40 years. Proceeds are expected to support general corporate needs, including capital spending.
Hyperscalers and data-centre developers have issued more than $313 billion in investment-grade bonds globally in 2026, nearly three times the 2025 total. Microsoft’s AAA ratings could help it secure more favorable borrowing terms than more highly leveraged infrastructure firms.
The Microsoft bond sale comes as the company reports strong operating performance and cash generation. In its latest quarter, revenue rose 19% to $92.3 billion, Azure revenue climbed 48% to about $33.2 billion, and free cash flow reached $18.6 billion. Microsoft also reported $45.2 billion in capital expenditure, including finance leases, and held $64.5 billion in cash and short-term investments at September’s end.
The borrowing highlights the scale of AI investment and growing investor scrutiny over whether future returns will justify the cost. For traders, the deal is a signal of rising corporate debt funding for AI infrastructure, rather than evidence of financial distress at Microsoft.
Linde reported record third-quarter sales of $9.4 billion, up 9% year over year, and adjusted earnings per share of $4.59, beating analysts’ $4.52 estimate. Its electronics business grew about 15% as semiconductor makers expanded capacity to meet demand for AI and high-performance computing chips. Linde said overall underlying sales grew 5%, while GAAP earnings per share fell 11% to $3.66.
Linde raised its 2026 adjusted EPS forecast to $17.82–$17.92, implying 8%–9% annual growth. It reported an $11 billion project backlog, including $7.9 billion in contractual gas-supply projects, and expects 2026 capital spending of $5.5 billion–$6 billion. The company is also investing about $1 billion to expand its Phoenix-area gas facilities under a long-term agreement supporting two semiconductor plants. The results highlight how AI-related chip investment is benefiting industrial suppliers as well as technology companies.
The Nasdaq fell 1.64% to 26,117.47 on Thursday as a sharp decline in Alphabet shares revived concerns about the cost and profitability of the AI boom. The S&P 500 lost 0.51%, while the Dow fell 0.31%.
Alphabet plunged about 13%, putting more than $500 billion in market value at risk. Revenue rose 25% to $127.6 billion and Google Cloud sales more than doubled to $30.7 billion, but weaker-than-expected advertising and $51.4 billion in capital spending raised concerns. The company reported about $9.1 billion in negative free cash flow. The Nasdaq selloff also hit software stocks: ServiceNow fell about 23% and Fortinet nearly 22%. The semiconductor index dropped 1.8%.
Investors are questioning whether returns will justify the huge cost of AI infrastructure. Microsoft plans to raise at least $25 billion through a bond sale, while Microsoft, Amazon and Alphabet could spend nearly $600 billion combined on AI infrastructure in 2026. Strong US economic growth and the Federal Reserve’s decision to hold rates at 3.75%–4.00% also reinforced concerns that borrowing costs may remain high. The Nasdaq decline highlights a shift in focus from AI growth to cash flow, financing costs and investment returns.
The Bitwise Hyperliquid ETF (BHYP) recorded more than $40 million in trading volume during its first three hours of trading today, according to Bitwise CEO on X. The CEO said investors are paying attention to Hyperliquid. The activity highlights strong early trading interest in the Bitwise Hyperliquid ETF, but the report provides no data on net inflows, price performance or the effect on HYPE, Hyperliquid’s token.
Strategy’s STRC preferred stock rose to $99.95 ahead of the company’s third-quarter earnings call, according to Bitcoin Treasuries on X. It was the first time in more than 165 days that STRC had reached that level, leaving it just $0.05 below its $100 face value. The move may draw attention to demand for Strategy’s preferred shares, but the report does not indicate a direct change in Bitcoin prices or trading activity.
Bitwise has warned that its Bitwise Hyperliquid ETF (BHYP) may not suit all investors and could be highly volatile, potentially causing investors to lose some or all of their money. The Bitwise Hyperliquid ETF is not registered under the US Investment Company Act of 1940, so it does not receive the same protections as registered mutual funds or ETFs. Bitwise also stresses that buying BHYP is not the same as directly investing in Hyperliquid’s HYPE token. Investors are advised to review the fund’s prospectus before investing.
Sui has updated its pinned fastcrypto dependency to revision 0a26327. The change makes secp256r1 signature recovery stricter: `recover_with_hash` now rejects cases where r + n is not below the curve’s prime, rather than allowing the value to wrap. The previous behavior remains available as `recover_with_hash_legacy`, and the Sui native function continues using that legacy path across versions latest and v0–v3 to preserve execution behavior. A separate protocol flag enables the strict path. The update also removes unused code and adjusts several dependencies. For SUI traders, this is a cryptography and protocol-maintenance update, not a direct change to token economics or market supply.
Axis Robotics said its team and investors did not sell AXIS tokens during the sharp sell-off on 28–29 October. The company said 83.5% of the total supply, including team and investor allocations, remains locked in vesting contracts co-managed with Binance.
Axis Robotics said the sold tokens came from the initial circulating supply allocated to the ecosystem. These tokens had been delivered through a single over-the-counter (OTC) counterparty, with a written agreement requiring a lock-up. The project said the tokens were routed through exchange deposit channels and sold from hundreds of newly created addresses within hours, suggesting the OTC counterparty may have breached the agreement.
Axis Robotics has suspended further work with the counterparty and is reviewing the contract with legal counsel. The statement followed an earlier disclosure by on-chain investigator ZachXBT that alleged insider-linked AXIS selling had contributed to a roughly 40% price drop. The source of the sales remains under review.
Bitcoin climbed to $81,547 after stronger-than-expected US economic growth supported prices, despite a sell-off in tech stocks following Alphabet’s earnings miss. Bitcoin was trading above $81,000 after dipping to $79,607.
US third-quarter GDP growth was revised to 3.4%, beating the 3.2% forecast. September PCE inflation rose 3.6% year over year, in line with expectations. The Federal Reserve held interest rates at 3.75%–4% and described economic activity as strong, while noting that inflation remained elevated.
For traders, the immediate technical level to watch is $81,400. Analyst Rekt Capital said Bitcoin needs to close the week above that level to strengthen its near-term price outlook. Despite the rebound, resistance and broader market volatility remain risks.
Alpaca, a California-based self-clearing broker-dealer, holds the underlying shares for 83.5% of the tokenized stock market by market capitalization, according to Token Terminal data for October 2026. Alpaca reported a higher share of about 94% of tokenized US stocks and ETFs in July, backed by more than $1.5 billion in real shares.
The firm provides custody, settlement, token minting and redemption, and corporate-action processing for more than 10 issuers and platforms, including Ondo, xStocks, Binance, Robinhood and Coinbase. Its Instant Tokenization Network builds on Alpaca’s in-house brokerage and clearing operations. The company raised $135 million in July, bringing its total funding to $435 million.
Alpaca’s role offers tokenized-equity platforms a link to real shares held by a regulated broker-dealer, but also creates concentration risk: an outage or compliance issue could affect products across multiple venues. The difference between the 83.5% and 94% estimates may reflect differing methods, dates or market share. Traders should monitor custodian diversification and regulatory developments alongside growth in tokenized stocks.
Elon Musk showed interest in investor Stanley Druckenmiller’s post about backing a US venue for Hyperliquid-native perpetual futures. The initiative, involving trade[XYZ], would bring crypto and other asset derivatives to the US market, but it depends on approval from the Commodity Futures Trading Commission (CFTC). Hyperliquid’s HYPE token reportedly rose 9% to 13% after the news, signalling a positive immediate market response. Traders will be watching for regulatory updates and further comments from Musk or Druckenmiller. The proposal could increase institutional attention on Hyperliquid and decentralised derivatives, although its launch remains uncertain until CFTC approval.
Polygon has extended its stablecoin payment infrastructure to Solana, enabling businesses to connect bank accounts, crypto wallets and payouts on the network. The expansion adds a real-world payment use case for Solana, but Polygon has not disclosed launch partners, fees or transaction volumes, leaving demand uncertain.
The news comes as SOL trades near $102, about 60% below its all-time high. SOL is down roughly 14% over the past month and 5% over the past week. Technically, it sits between the 50-day moving average near $105 and the 200-day average around $98. A close above resistance near $106 could open a path towards $113; support is around $97.45, with a further chart level near $77.84 if that floor breaks.
Momentum indicators remain weak: the RSI is 39, while the MACD is below its signal line. The payment integration may support Solana’s longer-term utility, but traders have yet to respond with clear buying. The near-term outlook remains cautious until SOL breaks above resistance or loses support.
Chainlink (LINK) has recorded net outflows from Binance for 18 consecutive days, with about 280,200 LINK withdrawn. The trend could reduce readily available exchange supply, but it does not prove that investors are accumulating. Some withdrawals may also reverse an earlier deposit of roughly 8.7 million LINK.
LINK traded near $11.92 and remains down about 23% over the past month. Its price is below the 50-day moving average near $12.22 but above the 200-day average around $11.01. RSI at 45 is neutral, while MACD remains below its signal line, indicating that sellers still have momentum.
Key levels are support near $11.20 and resistance in the $12.10–$12.30 band. A sustained move above the 50-day average, followed by a break above $12.71, would offer stronger price confirmation for the Binance outflows and could put $13.60 in view. A breakdown below support and the 200-day average could expose the next floor near $9.75. For now, LINK’s exchange withdrawals are a potentially constructive supply signal, not a confirmed bottom.