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According to Bloomberg, SpaceX's proposed $40 billion AI financing plan has been reported to encounter obstacles. Sources revealed that SpaceX intends to raise funds through a special purpose vehicle (SPV) structure, which can move related liabilities off the balance sheet to protect SpaceX's own investment-grade credit rating.However, recent volatility in the credit market has complicated negotiations over borrowing costs, and investors have begun to reassess the risks associated with financing large-scale AI infrastructure projects. Currently, Goldman Sachs is leading discussions with investors, including Apollo Global Management.

U.S. Senator Richard Blumenthal has launched an investigation into the payment of approximately $6.3 million by the stablecoin issuer Tether to the consulting firm Nxum. Nxum was co-founded by former White House cryptocurrency advisor Bo Hines, who holds one-third of the company's shares. On October 22, Blumenthal sent a letter to Tether CEO Paolo Ardoino, requesting the contracts between the two parties, cryptocurrency payment records, wallet addresses, and communication content.Tether is accused of paying Nxum $415,000 per month since May 2025 for strategic communications, lobbying, and public relations services. Blumenthal pointed out that Bo Hines, while serving as the executive director of the White House Digital Assets Advisory Committee, still held shares in Nxum and coordinated affairs with the company through encrypted communication applications. He also questioned whether Tether transferred cryptocurrency through the marketing company Notorious and then allocated funds to Nxum shareholders. Tether began directly contracting with Nxum after August 2025 and hired Bo Hines to oversee the newly established U.S. operations. Blumenthal has requested that Tether, Nxum, and related parties respond by November 6, noting that the relevant allegations have not yet formed a legal determination, and Tether has not publicly responded.

According to on-chain analyst Yu Jin's monitoring, an institution that invests in both Aave and Worldcoin (0x8A01...94d, 0x792E...2aD, 0xb38B...F99) transferred tokens worth $33.18 million to multiple CEXs one hour ago.This includes 6,000 ETH, worth $14.4 million; 19 million WLD, worth $9.67 million; and 62,000 AAVE, worth $9.11 million.

AI pharmaceutical company Pathos AI has completed a $237 million Series E financing round, with a post-money valuation of approximately $3 billion. This round was led by Bristol Myers Squibb, with participation from existing investors.Pathos AI plans to use the new funds to expand its Foundry platform, which assists drug development through thousands of AI agents, while advancing its four cancer treatment drugs that are in clinical stages.

AI prediction market infrastructure project InsightX announced the completion of a strategic round of financing, with investors including Aurumx Capital and Becker Ventures. The project previously secured Series A financing with participation from Infinite Alliance, UZ Capital, and Gemhead, bringing the total financing scale to 7.4 million USD.InsightX positions itself as the AI infrastructure layer for the intelligent economy, dedicated to transforming data, information, and collective consensus into programmable on-chain value. The first benchmark product is an AI-native prediction market, which now supports Mantle and Morph networks. As of October 20, the platform has over 40,000 registered users, with more than 540,000 on-chain interactions, and the cumulative platform trading volume has surpassed 1.157 billion USD.This round of strategic investors will introduce institutional market-making resources and industry networks to InsightX, helping to iterate the order depth engine, improve cross-market liquidity mechanisms, and promote the implementation of underlying infrastructure for the intelligent economy.

According to Fortune, Robinhood Ventures Fund I announced today that it has completed an investment in Cognition, with a total investment amount of approximately 10 million dollars.Cognition was founded in 2024 and developed the first autonomous software engineer, Devin. Devin is capable of independently completing project planning, code writing, testing, and production environment deployment. By delegating repetitive engineering tasks to AI agents, engineers can focus more on architectural design, system planning, and complex problem solving.Currently, Devin has been deployed in some of the largest and most complex institutions globally, including Goldman Sachs, Citigroup, Wayfair, Mercedes-Benz, and Nubank. Recently, based on the current revenue level annualized, Cognition's revenue has exceeded 1 billion dollars.

The U.S. Department of the Treasury has released proposed rules for the implementation of the COINS Act, planning to further expand restrictions on foreign investments in sensitive technology sectors concerning certain "countries of concern." The current system primarily covers entities related to China, and the proposed rules aim to tighten restrictions in areas such as AI and semiconductors, extending the regulatory framework to more sensitive technologies and countries.In the field of AI, some investments that can still be made under the current rules after declaration are proposed to be further prohibited; in the semiconductor sector, high-bandwidth memory, photonic chips, and radiation-resistant chips are also included in the scope of stricter restrictions. Meanwhile, biotechnology has been added as a key regulatory area, involving directions such as brain-computer interfaces and automated laboratory software.

According to Fortune, Robinhood Ventures has invested 10 million dollars in the AI programming tool company Cognition. Earlier this year, Robinhood Ventures had already invested 75 million dollars in OpenAI.This reinvestment in Cognition signifies its multi-target layout strategy in the field of AI development tools.

According to official news, Futu Securities has opened BNB deposit and withdrawal services for qualified professional investors in Hong Kong, further expanding the virtual asset service chain.Qualified professional investors can now deposit funds via the BNB Smart Chain (BEP20) network between self-custody wallets and Futu crypto accounts, or withdraw to verified whitelist addresses, achieving compliant interconnection between on-chain assets and the securities trading ecosystem.

The hedge fund Bridgewater's China business department informed investors that the institution's bullish stance on gold has decreased and that it holds a cautiously optimistic view on the domestic Chinese stock market. The Shanghai-based hedge fund stated in a letter to investors in September that it has gradually reduced its previously overweight position in gold.Bridgewater China noted that rising interest rates have increased the opportunity cost of holding gold, while rising oil prices have suppressed demand from energy-importing countries like India. The institution also expressed optimism about Chinese assets, believing that the current stock market valuation is not high, the policy direction is favorable for long-term capital formation, and that there may be more funds flowing into the stock market in the future against a backdrop of lower bond yields.

AI video startup Higgsfield Inc. announced that it has received investments from NVIDIA and TCV. This round of financing will be used to support global infrastructure development and talent recruitment. The company is headquartered in San Francisco, with its engineering team primarily located in Kazakhstan.This financing is a follow-up extension to the Series B funding in August, during which it raised $400 million, bringing the company's valuation to $5.4 billion.

FORT Robotics, Inc., dedicated to developing a "Physical Artificial Intelligence Trust Layer" security platform, announced that existing investors have committed to an additional investment of approximately 20 million dollars. Among them, Tiger Global led a financing round of about 10 million dollars (Mark Cuban Companies also participated), and this round of financing is expected to be completed this week.In addition, Tiger Global has also committed to invest 10 million dollars in the previously announced common stock PIPE (Private Investment in Public Equity); this PIPE is expected to be completed concurrently with the proposed business combination of FORT and Newbury Street II Acquisition Corp (NASDAQ: NTWO). Including the previously announced PIPE commitments, as of today, the total committed capital related to the proposed business combination with FORT has exceeded 50 million dollars.

According to Jinshi, SK Group's newly established data center business unit SK Hyper is in talks with large technology companies and financial investors for financing, planning to raise funds for a data center construction project expected to cost $350 billion. SK Hyper has begun discussions with potential partners, aiming to build data centers in South Korea with a total capacity of 15 gigawatts by 2035.SK Hyper CEO Chung Suk-geun stated that the first phase of the 5-gigawatt construction alone requires $350 billion, which includes equipment costs. The company plans to complete its first round of external financing by the end of this year or early 2027, and will continue to raise funds over the next three to four years while sharing the overall construction costs with data center tenants and external investors.

The chief Democratic member of the U.S. Senate Permanent Subcommittee on Investigations, Richard Blumenthal, sent a letter on Thursday to Tether and its U.S. subsidiary CEO Bo Hines regarding the consulting firm Nxum Group, which Hines co-founded, requesting clarification on the arrangements related to Tether's payments to Nxum. According to The Wall Street Journal, Nxum received substantial payments for providing consulting services to Tether while Bo Hines was still serving as a White House crypto advisor and involved in shaping crypto policies, including those concerning stablecoin issuers.In his letter to Tether CEO Paolo Ardoino, Blumenthal stated that the unusual terms and nature of the business relationship between Tether, Nxum, and Bo Hines raised serious ethical and legal concerns, implying that Tether likely knew that making payments to a current White House official directly involved in shaping critical legislation for its business was illegal and improper. A Tether spokesperson did not immediately respond to a request for comment. CoinDesk previously reported that Nxum, as a major campaign advertising supplier for a political action committee associated with Tether, received millions of dollars in revenue, despite having little prior political experience, and recently hired another White House crypto advisor, Harry Jung.Blumenthal has recently focused on the crypto space, including Trump's meme coin, World Liberty Financial, and activities involving Binance, particularly Tether. He has released reports on Tether's financial connections with Iran and questioned its relationship with U.S. financial partner Cantor Fitzgerald. Ardoino criticized Blumenthal this week for ignoring important information and sharing the report with the media before giving the company a chance to respond. The prediction market Kalshi shows a 69% probability that Democrats will regain control of the Senate, and if Blumenthal leads the subcommittee, he will gain greater subpoena and agenda control.

The super political action committee Digital Freedom Fund, initiated by Gemini co-founders Cameron Winklevoss and Tyler Winklevoss in 2025, submitted documents to the Federal Election Commission on Tuesday, reporting for the first time advertising expenses exceeding $81,000 to support Republican candidate Ken Paxton's campaign for the Texas Senate seat, while opposing Democratic candidate James Talarico. Early voting in Texas began on October 19, with Election Day on November 3.As of September 30, the PAC has raised approximately $34 million, and its expenditures are not limited to Texas. Documents show its involvement in the Ohio Senate race between Republican candidate Jon Husted and Democratic candidate Sherrod Brown, bringing its total support for Husted to about $7 million. Another crypto industry PAC, Fairshake, also reported over $13 million in direct mail advertising expenditures this week, with approximately $9 million supporting Husted and over $4 million opposing independent candidate Dan Osborn in the Nebraska Senate election.These expenditures indicate potential support for candidates who favor crypto policies and legislation. Prediction contracts from Kalshi and Polymarket suggest that Democrats are favored to regain majority control of the House and Senate by 2027, and the majority party in both chambers will influence the legislative process for bills like the Digital Asset Market Structure Act, which failed to pass procedural voting in the Senate last month. Paxton previously defeated incumbent Senator John Cornyn in the May Republican primary, receiving over $500,000 in advertising support from the Fellowship PAC, backed by Anchorage Digital and Cantor Fitzgerald, with the funds executed through the Nxum Group co-founded by Bo Hines.

On October 23, a16z General Partner Chris Dixon announced that a16z crypto would be renamed a16z Frontier. The investment scope has expanded from crypto startups to a broader category of frontier technology startups, which are companies that create new technologies, open new markets, and may take years to mature. Dixon emphasized that this adjustment is an expansion of scope rather than a shift in direction, and the team will continue to invest in crypto and related businesses while advocating for reasonable crypto regulation.Dixon stated that as blockchain becomes more widely adopted, Wall Street and fintech companies have normalized the launch of on-chain products, and the importance of the "crypto company" label has diminished; companies should be defined by their business rather than the technology they use. His explanation also pointed to the AI wave, which not only focuses on using AI to perform existing tasks faster and better but also emphasizes the emergence of new native use cases, full-stack entrepreneurship that integrates software and hardware with services, and new networks that connect people with intelligent agents.Dixon believes that blockchain will continue to play an important role, providing the internet with a fast, cheap, global, and programmable funding track. Stablecoins are becoming standard tools for fintech and institutions, and they can also support machine-to-machine transactions and the cold start of new networks. The fund will be co-led by Dixon along with a16z founders Marc Andreessen, Ben Horowitz, and General Partners Eddy Lazzarin and Guy Wuollet, while the operating team will continue to serve existing and future portfolio companies in areas such as regulation, market entry, talent, marketing, and technology development.

According to the American financial media Semafor, Musk invested 1 billion dollars in Skydance (SKYD.N) under David Ellison.