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According to investors, the embodied intelligence unicorn company Zhiyuan Innovation has recently initiated a new financing round, raising approximately 1 to 1.5 billion yuan. This round of financing is nearing completion, with the latest valuation at around 50 billion yuan.
On October 13, Bitmine Immersion Technologies (BMNR) announced that as of October 11, 1:30 PM Eastern Time, the company's total assets in cryptocurrency, cash, tradable securities, and venture capital amounted to $16.2 billion. This includes a holding of 6,028,946 ETH, which, based on Coinbase's price of $2,544 per coin, represents 4.9% of the total Ethereum supply (122.1 million coins), achieving 99% of the '5% alchemy' target. Additionally, the company holds 214 bitcoins, $180 million in Beast Industries equity, $85 million in Eightco Holdings (NASDAQ: ORBS) equity, and $612 million in cash and tradable securities. The company has staked 5,067,309 ETH, valued at $12.9 billion. Chairman Thomas 'Tom' Lee stated that the crypto bull market has begun, and this cycle may be the largest in history.
On October 13, Anthropic released a study warning that AI could potentially seek out networked devices like computer worms, deploy models, and continue to spread using new devices. Common connected devices such as smart TV boxes and refrigerators may become sources of computational power. In the study, 15 Android TV boxes, each priced at around $55, successfully ran the 26 billion parameter Gemma 4 model, but the inference speed was only 0.39 tokens per second. The Zhiyu GLM-5.2 completed the process of finding targets, transmitting models, and initiating inference to continue spreading within an isolated simulated network, successfully covering all 8 target nodes in 4 out of 5 tests. However, the experiment had an open debugging interface without validation, which lowered the difficulty of intrusion, and it relied on external servers, deploying a smaller Llama 3.1 8B model rather than self-replication. After Qwen3.5-9B transmitted fault records to the next round of agents, the deployment success rate increased from 45% to between 61% and 84%. Anthropic predicts that by the end of 2026, small models suitable for inexpensive devices may possess comparable spreading capabilities, but completing one round of replication for a 9B model may take one to two days.
On October 13, Metaplanet (TSE: 3350) announced that the company has decided to issue zero-coupon euro-yen convertible bonds maturing in 2031, with a total scale of ¥52 billion (issued at 102.5% of face value). The bonds will be listed on the Singapore Exchange on October 29, with Merrill International serving as the exclusive bookrunner. The net proceeds are approximately ¥51.9 billion, which will be used to repay about ¥23.6 billion of Bitcoin collateralized credit lines (current balance approximately $650 million), and for a share buyback of up to ¥28.3 billion (approximately 97.94 million shares, accounting for about 7.1% of the issued shares) to offset potential dilution and enhance per-share BTC holdings. This financing is a key component of the company's 'Project Nova' strategy. Metaplanet currently holds 44,000 BTC and is transitioning from a pure Bitcoin holder to a Bitcoin-centric native financial platform, with operations including financing, asset management, settlement, and financial product development. The company has completed the acquisition of Metaplanet Securities and Superplanet (NASDAQ: SUPA) by 2026, serving as the operational foundation for the Japan-U.S. capital markets.
On October 13, K33 Research analyzed that the 17,733 BTC transferred by the US government to Coinbase Prime is part of a custodial arrangement rather than a signal of sale. Some of the transferred BTC includes 12,267 coins related to the Bitfinex hacking incident, which are still under the control of the custodian, with only about 1,200 coins potentially available for sale, accounting for less than 7% of the nominal transfer amount. K33 stated that after the US Marshals Service established a 'protection and trading' partnership with Coinbase Prime in 2024, the inflow of seized assets to the platform is often misinterpreted as selling pressure. From October 7 to 8, the US government addresses continuously transferred BTC, USDT, and BNB, with 12,267 BTC related to the Bitfinex case being split into new addresses, and an additional 833.6 BTC and 750.2 WBTC entering Coinbase Prime, indicating a more centralized accumulation. Valuing the 17,733 BTC could lead to an overestimation of immediate supply. The US government still holds approximately 324,000 BTC, and future accumulations may repeatedly create misinterpretations of 'selling' pressure.
On October 13, according to monitoring by Shield, 19 million THEO were issued on the Base network. The hacker has converted them into 700.8 ETH, approximately $1.76 million, and cross-chained to Ethereum. THEO has fallen by 92% in the past 24 hours.
On October 13, Bloomberg reported that JPMorgan and Goldman Sachs implemented unusual risk control measures while leading a $5 billion loan sale for AI cloud startup Volta Infrastructure Holdings: the two banks are underwriting only $1.3 billion of the term loan, leaving approximately $3.7 billion in chip-related loans ununderwritten to reduce their exposure. Sources indicate that this move aims to mitigate the risk of investors demanding higher returns on high-risk AI debt and the risk of banks being forced to hold unsold loans. The debt is priced at a yield of about 11%, which is among the higher levels seen for AI financing in the leveraged loan market, and the transaction is unrated, making it difficult for collateralized loan obligations (CLOs), the largest buyers of such debt, to participate. Banks typically underwrite the entire debt package to assure borrowers of funding, but following the losses from unsold loans due to the sharp interest rate increases in 2022, they are becoming more cautious about unproven AI financing structures. The deadline for loan subscription commitments is October 14; JPMorgan had previously begun gauging investor interest in August.
The Hong Kong Securities and Futures Commission (SFC) announced that it has taken action against two groups for their alleged involvement in a fraudulent scheme aimed at creating a false or misleading appearance of demand for shares in an initial public offering (IPO). The SFC has also instructed the Hong Kong Stock Exchange to suspend trading of Cha Bai Dao (02555.HK) shares starting from 9:00 AM today. The SFC is highly concerned that the IPO of Cha Bai Dao may have been artificially manipulated to create a misleading appearance of demand for its shares. During the ongoing investigation by the SFC, the suspension of trading in Cha Bai Dao shares is deemed necessary and appropriate to maintain an orderly and fair market for the stock and to protect the interests of investors.
On October 13, sources revealed that officials at the Bank of Japan are inclined not to implement a rare consecutive rate hike this month, while still keeping the possibility of raising rates as early as December open. With no signs indicating a sudden increase in inflationary risks, Bank of Japan officials believe there is no need for consecutive rate hikes. The central bank will carefully assess economic data to evaluate whether a new round of rate hikes can be initiated at the December meeting. Sources also indicated that the final policy decision for the meeting on October 30 remains uncertain until the last moment. To manage inflationary risks, Bank of Japan Governor Kazuo Ueda's policy committee raised the interest rate to 1.25% last month. This followed pressure from U.S. Treasury Secretary Scott Pelley, who urged Japan to continue normalizing its policies to support a stronger yen.
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