AI data center company Hyperscale Data reports holding $56.4 million in Bitcoin, cash, and restricted cash, including approximately 220 BTC worth around $19 million. (Source: The Block)
Solana perpetual futures trading platform Imperial has completed a seed round financing of $1.5 million, valued at $15 million, led by Foundation Capital and supported by Solana's ecosystem angel investors. The funds will be used to expand Imperial's product portfolio, including perpetual contract aggregator, lending platform, and flagship project Armada. (Source: SolanaFloor)
Real Vision founder Raoul Pal stated that the weakening of the US dollar and the slowing rise of AI stocks will encourage capital to flow back into cryptocurrencies, and expects AI agents to drive on chain adoption of Ethereum and Solana. (Source: Cointelegraph)
The US Commodity Futures Trading Commission has issued a pre proposed rule notice to establish a cryptocurrency market structure framework for spot trading, based on existing DCM, DCO, and FCM registrations and the creation of new categories of cryptocurrency markets. Spot exchanges may choose not to join the framework and retain state currency transfer licenses if they do not provide leverage. (Source: Eleanor Terrett)
The Zcash NU7 test network was activated two days in advance, reducing block time from 75 seconds to 25 seconds. The main network is expected to be activated on November 5th.
