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More →AI chip startup Hyperbolic completes $30 million Series A-1 funding round.
CoinWorld news: AI chip startup Hyperbolic announced the completion of a $30 million Series A-1 funding round, led by Walden Catalyst, with participation from Dell Technologies Capital, General Catalyst, Vista Equity Partners, and Cambium Capital, bringing its cumulative funding to $50 million. The Hyperbolic platform connects approximately $200 million in compute value annually and aims to reach $150 million in annual recurring revenue by the end of the year. The funds from this round will be used to expand its AI chip management tools across Neoclouds.
BNB Chain ranks first with 2.1 million RWA holding addresses.
CoinWorld data: According to cryptorank data, the number of RWA holding addresses on BNB Chain has reached approximately 2.1 million, accounting for 32.6% of the total statistics and ranking first. Solana and Robinhood Chain rank second and third with approximately 1.6 million and 1.5 million addresses respectively, and the three chains together account for about 82%. BNB Chain's RWA holding addresses grew from 177,000 in June this year to about 2.1 million in October, an increase of nearly 12 times. Over the same period, the overall number of RWA holding addresses grew from about 1.4 million to 6.4 million.
OPEC+ plans to keep oil output targets unchanged at Sunday's meeting.
According to Reuters, sources say OPEC+ is likely to keep its December oil production target unchanged when it meets on Sunday, while shifting its focus to negotiations on 2027 production quotas. The meeting will be held online and will involve the seven core OPEC+ members: Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman. However, actual output from most member countries remains far below their agreed production targets. Sources said no final decision has been made yet.
Microsoft layoffs: 60,000 employees offered voluntary severance packages
According to Bihaiwang news, Microsoft offered voluntary severance packages to approximately 60,000 employees on October 26, accounting for about 27% of its 223,000 employees. Eligible employees must make a decision by early December, and those who choose to leave will depart on December 31. This voluntary severance program is Microsoft's largest move in its 2026 layoff plan, aimed at addressing the cost pressures brought about by AI adoption. Microsoft stated that the layoffs are not driven by AI, but are intended to address its financial pressures.
OPEC+ plans to keep oil output targets unchanged at Sunday's meeting.
According to Reuters, three people familiar with the matter said that OPEC+ is likely to keep its December oil production target unchanged when it meets on Sunday, while shifting its focus to negotiations over 2027 production quotas. The meeting will be held online and will include the seven core OPEC+ members: Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman. However, actual production by most member countries remains far below their established production targets. The sources said no final decision has yet been made.
ProphetLab raises tens of millions in funding; team says it predicted the World Cup semifinalists and final score
BlockBeats news: ProphetLab (Weiran Turing) has secured tens of millions of RMB in angel round funding, with participation from institutions including Ivy Capital. The company was founded less than four months ago. Founder Henry Jiang stated that the Prophet Engine developed by the team correctly predicted this year's World Cup semifinalists and champion, even accurately forecasting the 1:0 scoreline in the final where Spain defeated Argentina. The Prophet Engine also participated in the FutureX prediction evaluation, once topping the weekly leaderboard for two consecutive weeks in August this year, with scores of 60.45 and 56.05 respectively. ProphetLab hopes to apply the same predictive capabilities to financial and business decision-making. It has already secured millions of RMB in commercial orders and is preparing the Investor's Last Exam (ILE) leaderboard, specifically designed to evaluate commercial forecasting capabilities.
Bloom trading bot hacked, losing nearly $953,000.
CoinWorld data: The Bloom trading bot was hacked in less than two minutes, losing nearly $953,000. The hacker withdrew funds from 48 wallets, and the attack was completed within 94 seconds. Bloom has promised to fully compensate the nine affected traders and stated that the attack was caused by a remote code execution vulnerability in a third-party module, with no private keys accessed or leaked.
Markets expect the Fed to keep rates unchanged this week, leaving Warsh facing a communication challenge.
CoinWorld data: The market widely expects the Federal Reserve to keep interest rates unchanged at this week's FOMC meeting on October 27–28. Fed Chair Kevin Warsh will need to explain the rationale for not raising rates amid inflationary pressure and to respond to political pressure. New York Fed President Williams, Fed Vice Chair Jefferson, and Governor Waller and other officials had previously indicated that they could wait a while longer, causing the probability of an October rate hike to fall back. Stephen Stanley, Chief U.S. Economist at Santander U.S. Capital Markets, expects rates to remain unchanged this week but believes another rate hike is still possible in December. The current policy path clearly points to maintaining high rates in order to observe the lagged effects on the economy, which buys a window of time for subsequent monetary policy adjustments.
Polymarket investigates dozens of cases of insider trading in midterm elections and refers them to the CFTC
CoinWorld news, Polymarket's Global Head of Intelligence and Investigations Shana Bautista said that Polymarket has investigated dozens of cases related to betting on the midterm elections, at least two of which have been referred to the U.S. Commodity Futures Trading Commission (CFTC) for handling. Polymarket is using an election monitoring system to monitor suspicious transactions and crack down on insider trading and market manipulation.
Spain's Civil Guard investigation found that ARBISTAR is a Ponzi scheme.
According to a report by the Spanish news agency EFE, an investigation by Spain's Civil Guard found that the cryptocurrency Ponzi scheme ARBISTAR transferred 881 BTC to other wallets on the day it collapsed in September 2020, worth approximately 32.5 million euros (about 36.4 million US dollars) several months later. Between January and March 2021, the BTC inflows and outflows of the wallets involved in the case amounted to more than 20,000 BTC, worth approximately 710 million euros (about 795 million US dollars) at the time. The investigation showed that the people involved had used mixing services to conceal the source of funds, and some of the funds flowed to relatives of the company's executives. ARBISTAR was previously sentenced for defrauding about 32,000 investors of more than 200 million euros, and Spain's National Court has now overturned its earlier decision refusing to expand the scope of the money laundering investigation.