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According to Bloomberg, Augnition Global Investors, a technology hedge fund founded by Jeff Wang, the former head of global equities at Sequoia Capital, announced that it has completed fundraising of over $1 billion.According to disclosed regulatory documents, the fund started with at least $570 million in capital, of which about 45% is internal capital.

The Swiss Financial Market Supervisory Authority (FINMA) has approved the country's first Bitcoin ETF aimed at retail investors. This product falls under "other alternative investment funds" according to Swiss law and is labeled as having special risks. FINMA did not disclose the issuer of the fund, but multiple media outlets have indicated that signs suggest it may come from BIT Asset Management (formerly Matrixport Asset Management), and FINMA did not deny this claim in response to inquiries. Additionally, several fund providers have submitted or announced plans to submit Bitcoin ETF applications.The fund is a single-asset product, with all funds directed towards Bitcoin. To this end, FINMA needed to grant an exemption regarding its risk diversification rules, citing that Bitcoin has a long trading history and extremely high trading volume. In terms of asset custody, participating institutions must take measures to prevent operational and custody risks, with standards referenced from the regulatory announcement issued by FINMA on January 12, 2026, which requires that customer crypto assets are not included in bankruptcy assets in the event of the custodian's bankruptcy. Meanwhile, the sales process must comply with Fidleg's conduct rules to provide higher investor protection than direct purchases of cryptocurrencies, and the fund documents must clearly indicate the associated risks.While approving the ETF, FINMA emphasized that even investing in Bitcoin through an approved ETF carries high risks, with severe volatility potentially leading to significant depreciation of the principal invested, and required the issuer to provide clear warnings about volatility and loss risks. The United States has approved Bitcoin spot ETFs starting January 2024, with BlackRock's iShares Bitcoin Trust launching on January 11, 2024, currently managing approximately $65 billion. The Swiss Exchange has been able to trade Bitcoin products for years, but they have existed in the form of ETPs and do not have fund status; this approved ETF is the first to incorporate Bitcoin into the approved public fund framework.

Investors are scrambling to purchase credit default swaps (CDS) to hedge against a potential collapse of the AI boom. Morgan Stanley data shows that in September, the weekly trading volume of CDS linked to bonds of companies like Oracle, SpaceX, and Alphabet exceeded $9 billion, compared to less than $2 billion in July. This year, the trading volume of U.S. corporate CDS has already surpassed last year's total.

Bitcoin News posted on platform X that Charles Schwab has opened Bitcoin and Ethereum trading to all eligible retail clients in the United States through its existing investment platform, charging a fee of 0.75% per transaction, with a minimum of $1 and a maximum transaction limit of $2 million.The company is gradually launching digital asset transfers between Schwab accounts and external wallets, requiring users to register their withdrawal addresses in advance and complete security checks. Paxos Trust Company provides custody, trade execution, and settlement infrastructure, and the related digital assets are not protected by SIPC or FDIC insurance.

According to Bloomberg, Morgan Stanley strategist Michael Wilson stated that as the three-month stock market correction enters its final stage, investors should be prepared to buy on dips.Historically, in similar situations, high-quality stocks typically outperform by 7.5% in the following year.

Co-founder Chris Burniske stated that long-term investors should not repeatedly struggle with entering or exiting the market, but should systematically accumulate tokens over time, and not confuse long-term investing with short-term trading. He suggested using his most successful investment targets as a reference, calculating target holdings based on the total supply of network tokens.He gave an example that the total supply of ETH is about 120 million tokens. If one previously held 10 ETH, based on the network holding ratio, the total supply of SOL is about 636 million tokens, corresponding to about 53 tokens; the total supply of TIA is about 1.16 billion tokens, corresponding to about 97 tokens. If one wishes for the TIA network share to reach 10 times the original ETH holding share, approximately 970 TIA would be needed. For ZEC, since its supply is similar to BTC, the ideal BTC holding quantity can be used as a reference for accumulation targets.Regarding the current market, he noted that many crypto assets have fallen 20% to over 40% from their highs, while BTC has dropped less than 10%. He is more inclined to believe that BTC's previous relative resilience has led to significant adjustments in assets with lower risk appetite, making the current situation more like an opportunity in the early stages of a bull market rather than a warning signal of a bull market trap. He also reminded that one should consider the possibility of further price declines, suggesting to invest remaining cash in batches and determine the investment ratio based on the probability of local bottoms at different price levels; even if some preset price levels are not reached and cash remains, it can still be acceptable.

According to the Financial Times, U.S. stocks are expected to open higher on Monday. Previously, U.S. stocks had just experienced the largest weekly decline since President Trump announced the tariff policy in April last year. During the Asian trading session, the Nasdaq 100 index futures, which are dominated by technology stocks, rose by 1.3%, and the S&P 500 index futures rose by 0.8%.Analysts pointed out that after Friday's sell-off due to market concerns over the widening credit spreads of companies related to artificial intelligence data centers, investors are reassessing the market situation. Eased sentiment also supported the Asian markets, with South Korea's KOSPI rising 0.5% on Monday after a decline of 11% last week.Prashant Bhayani, Chief Investment Officer for Asia at Societe Generale, stated that the rebound occurred because there was no substantial escalation in the conflict in Iran over the weekend; after last week's de-risking, traders are taking a wait-and-see approach to AI-related trades. The Tokyo Stock Exchange index fell nearly 1% in early trading on Monday but rebounded in the afternoon, ending the day roughly flat, with the Nikkei 225 down 0.7%.

According to Bloomberg, citing informed sources, Nscale, an AI data center developer supported by Nvidia, initially sought an IPO valuation of about $30 billion, but some investors recently advocated for a valuation between $16 billion and $19 billion to attract buyers.Nscale is addressing comments from the U.S. SEC regarding its listing application documents and plans to initiate a roadshow after resolving these issues. Relevant discussions are still ongoing, and no final decision has been made. Previously, Microsoft withdrew from its collaboration with Nscale on a data center project in the UK due to project delays caused by limited power supply.

According to CoinDesk, institutions have differing views on Bitcoin's year-end performance, with optimists eyeing $100,000 and cautious analysts focusing on inflationary pressures. Bitwise Research Director Ryan Rasmussen believes that Bitcoin could surpass $100,000 by the end of 2026, driven by institutional purchases through ETFs, ongoing corporate buying, concerns about inflation and government debt, and a clearer regulatory environment.LO:TECH Research Director Adam Morgan McCarthy expects Bitcoin to fluctuate between $85,000 and $95,000 before the end of the year, with inflation pressures and Federal Reserve policies remaining market headwinds; to return above $100,000, the market may need to lower expectations for a rate hike in December, while a drop in oil prices and easing inflation could facilitate this change.CoinShares Research Director James Butterfill pointed out that the contradiction between persistent inflation and a weakening job market will affect the Federal Reserve's subsequent policy space: cooling inflation may provide room to address job weakness, while renewed inflation could keep monetary policy restrictive.

AIsa, an enterprise AI agent infrastructure company, announced the completion of its seed round extension financing, with stablecoin issuer Tether and HIVEN joining as strategic investors. This round brings its total financing amount to over $9 million. Tether and HIVEN join existing investors such as Alibaba, Tribe Capital, Sumitomo Corporation, Draper Associates, and Saison Capital.Jordan Liu, founder and CEO of AIsa, stated that the company will build infrastructure to support global discovery, access, and payment for AI agents. AIsa's network integrates resource discovery, access, and transactions, connecting enterprise AI agents with external data, AI searches, models, APIs, software tools, and industry services, while providing permission management, usage measurement, billing, and settlement.

Michael Saylor posted on the X platform, stating that this week at ParaFi Investor Day, he introduced digital capital, credit, and equity, and had a fireside chat with Jeff Park discussing digital assets, digital intelligence, and the future of finance.The speech covered topics such as Bitcoin as digital capital, CLARITY regulation, the adoption of Bitcoin banking, reshaping gold-backed credit with STRC, STRC returning to par value, Bitcoin earnings per share, the Strategy triple flywheel, shifting from quarterly dividends to daily dividends, Bitcoin-backed stablecoins, the adoption of digital credit institutions, as well as digital currencies, derivatives, exchanges, regulation, and product development in the AI era.

According to Reuters, citing informed sources, after Anthropic disclosed its latest financial data, some existing and potential IPO investors are considering lowering their valuation expectations. At an investor event in San Francisco on October 14, some investors discussed a valuation of about $1.5 trillion, down from the previous expectation of about $2 trillion for the November IPO.Anthropic disclosed to investors that its third-quarter revenue grew 45% quarter-over-quarter to $16.8 billion, achieving adjusted profitability. However, second-quarter revenue had more than doubled quarter-over-quarter to $11.6 billion, and the slowdown in growth disappointed some investors. The aforementioned valuation is a discussion among investors and is not the final IPO pricing; Anthropic did not immediately respond to Reuters' request for comment.

According to a report by the Canadian Broadcasting Corporation (CBC), Aiden Pleterski, who claims to be the "King of Crypto," is on trial in the Ontario Superior Court. A senior forensic accountant from the Ontario Securities Commission testified that between 2020 and 2022, investors invested $36.3 million with him, of which he used nearly half for personal expenses. Specific expenditures included approximately $5.6 million on luxury cars, $4.9 million in credit card bills, $870,000 on travel and private jets, $598,000 on security costs, and nearly $3.7 million transferred to his parents. At the same time, he paid investors about $16.1 million as "returns."The accountant pointed out that investor funds were never transferred to the trading platform FXChoice as promised in the contracts, with only about $113,000 flowing to other forex and cryptocurrency platforms. The prosecution alleges that he guaranteed investment returns but did not actually trade, instead using the funds for personal consumption. Pleterski denies the charges of fraud and money laundering, and the case is still ongoing.

As chip stocks' market value evaporates by $1 trillion, ETF investors are pouring billions into the dip.The VanEck Semiconductor ETF attracted over $430 million in inflows over the past three days, while the Direxion Daily Semiconductor Bull 3X Shares ETF saw approximately $3.8 billion in inflows this week, setting a record. The Philadelphia Semiconductor Index has cumulatively dropped 12% over six days.

The Synthetic Dollar Agreement's founder and CEO of Ethena, Guy Young, stated that users have noticed a large investor wallet transferring tokens in the past 48 hours. He confirmed that the related transfers are a security precaution related to recent concerns about hardware wallets and do not indicate that the tokens are being sold after being transferred.Guy Young made the above statement on X in response to the community's concerns about the on-chain movements of large wallets. He emphasized that the related operations are precautionary arrangements taken for security reasons and do not represent that investors are selling their held tokens.