ChainCatcher news, according to Jinshi Data, UBS released a research report stating that due to Trump's trade threats against BRICS countries, the dollar index has surpassed 106, but the current valuation appears to be overly high. Although the outlook for the dollar still seems bright, UBS analysts suggest that investors take advantage of the dollar's strength to reduce their dollar exposure in the short term.Market attention is turning to key economic events this week, including Federal Reserve Chairman Powell's speech on Wednesday and Friday's non-farm payroll data. According to data from the Chicago Mercantile Exchange, the market expects a 75% probability that the Federal Reserve will cut interest rates by 25 basis points in December. NatAlliance Securities' head of international fixed income, Brenner, stated that this data will determine whether the Federal Reserve will cut rates this month.Regarding the euro, influenced by the French government's facing a vote of no confidence, the euro fell nearly 0.8% against the dollar on Monday, marking the largest single-day decline in nearly a month. The three-month implied volatility of the euro rose to 8.172%, reaching a two-year high. The yield spread between French and German bonds has risen to a 12-year high, reflecting increasing market concerns about political risks in the eurozone.

ChainCatcher news, Bitwise CEO Hunter Horsley posted on social media that the bear market has fostered a zero-sum mentality, where one profits by taking a share from others in a shrinking pie.However, as of November this year, the total market capitalization of cryptocurrencies has surpassed the previous high of $3 trillion in November 2021. The market is entering a period where the pie is getting bigger, and it is time to change the way of thinking. The winning mindset in this phase is to encourage maximizing the size of the pie, increasing participation, treating on-site participants well, and supporting teams to fully realize their potential and strengths.

ChainCatcher message, Solana co-founder Toly (Anatoly Yakovenko) posted on X: "I estimate that about $250 billion worth of crypto startups have left the San Francisco Bay Area because California representatives failed to curb Warren's overreach. Anywhere else in the world would do whatever it takes to keep these startups there."

ChainCatcher news, according to Bitcoin.com, San Francisco-based data analytics and artificial intelligence (AI) company Databricks has raised $5 billion in its latest funding round, bringing the company's valuation to $55 billion. Sources indicate that Databricks plans to raise a total of $8 billion, which is expected to become the largest funding round of the year. Reports suggest that the latest funding round is aimed at allowing employees to sell shares, thereby reducing the need for an immediate initial public offering (IPO). However, while an IPO may not come soon, it is still possible to occur in the second half of 2025.Although the report did not disclose the identities of the investors participating in the latest funding round, it revealed the company's notable supporters, including Nvidia, Capital One, Andreessen Horowitz (a16z), Baillie Gifford, Fidelity, Insight Partners, and Tiger Global. In September 2023, Databricks raised $500 million in funding, with a company valuation of $43 billion.OpenAI currently holds the record for the largest funding round of 2024, raising $6.6 billion in October. Billionaire Musk's xAI also secured $5 billion in funding, bringing the company's valuation to $50 billion. Another AI startup, Anthropic, received $400 million in funding from Amazon, bringing its total funding to $8 billion.

ChainCatcher news, the AI blockchain platform Talus Network has completed a $6 million financing round, with a valuation of $150 million. Polychain Capital led the round, with participation from Foresight Ventures, Animoca, Geek Cartel, Echo, and angel investors including Polygon co-founder Sandeep Nailwal, Sentient core contributor and Symbolic Capital co-founder Kenzi Wang, 0G Labs CEO Michael Heinrich, Allora Labs CEO Nick Emmons, and Nuffle Labs co-founder Atlan Tutar. This brings Talus's total funding to $9 million.The funds will help further develop the Talus ecosystem, including Protochain, the Nexus framework, and the "AI Dating Experience" application.According to RootData, Talus Network is a blockchain platform focused on decentralized artificial intelligence. The network leverages the powerful capabilities of Move, emphasizing security, speed, and an enhanced developer experience. Talus Network creates a future that empowers users in a fair and accessible way by cultivating a diverse ecosystem of intelligent agents for decentralized applications.

ChainCatcher news, according to official sources, the community co-created AIGC game Gabby World announced the completion of a $2 million financing at a valuation of $20 million. This round of financing was participated by 13 institutions including SevenX Ventures, OnePiece Labs, Everest Ventures Group, Huofeng Capital, Zonff Partners, as well as 8 angel investors including former partners from Republic, former partners from Hashed, and partners from Gam3Girl Ventures.Gabby World is a community co-created AIGC Dungeons and Dragons game and is the first VC token to be issued at a meme-like ultra-low market cap through a "fair release" token economy, aiming to explore a new paradigm for VC token issuance that counters "low circulation high FDV" and time-locked releases.The token GABBY was quietly issued at a market cap of $10,000 on Solana's DEX at the end of October, and in the past few weeks, it has successfully validated the on-demand release and buyback destruction advocated by the "fair release" token economic model.

ChainCatcher news, dedicated to transforming social scene data into quantifiable value virtual assets (Emotional World Assets) project Luluchain announced the completion of a $5 million institutional round financing at a valuation of $50 million. This round of financing was led by DG Capital, with participation from Smo Capital, LD Block, Unionblock vc, and Blockin.venture.Luluchain is a unique blockchain platform that integrates AI + Web2 social scenes + Web3 decentralized finance, developed based on the Comsos SDK.

ChainCatcher news, DeFi platform Folks Finance has raised $3.2 million in Series A funding, reaching a valuation of $75 million. This round was led by Borderless Capital, with participation from Algorand Ventures, Mapleblock Capital, Sovo Ventures, and others. The total funding for Folks Finance has reached $6.2 million.Benedetto Biondi, co-founder and CEO of Folks Finance, stated that the first $2 million of this round was raised in February of this year, with the remaining $1.2 million raised recently. He declined to comment on the structure of this round but mentioned that the $75 million reflects both equity valuation and fully diluted valuation (FDV), indicating that Folks Finance may issue tokens in the future.According to RootData, Folks Finance is a DeFi platform that provides innovative tools for lending, trading, and managing digital assets. Users can deposit assets to earn yields, obtain loans by providing collateral, swap assets through Folks Router, and participate in Algorand governance with gALGO and xALGO assets.

ChainCatcher News, Japanese listed company Metaplanet has released its third-quarter financial data and the fair value of its Bitcoin holdings. The current valuation gain of Bitcoin held by Metaplanet has reached 4.27 billion yen (approximately 27.54 million USD), which exceeds the company's market value at the beginning of the year.Although the value of its Bitcoin holdings has increased, Metaplanet reported a net loss of 2.1 million USD for the nine months ending September 30, 2024, an improvement compared to a loss of 2.7 million USD in the same period last year.

ChainCatcher news, Three Arrows Capital founder Zhu Su stated: "Relative valuation in this cycle is more effective in MEME coins than in VC coins, because those who hold MEME coins usually sell one to exchange for another.Even if one L2 project is relatively cheaper than another, those selling the more expensive L2 project won't buy the cheaper one; they will simply convert their funds directly into USD."

ChainCatcher news, according to The Information, the UAE artificial intelligence investment firm MGX is in investment talks with xAI, a company owned by Musk. According to private disclosures from representatives of both parties, xAI is discussing raising $5 billion at a valuation of about $45 billion. xAI is the developer of the Grok chatbot.If this round of investment is completed, it will be MGX's second significant investment in the field of large language models. The company, which was established 7 months ago, invested $6.6 billion in OpenAI last month. One of MGX's two main backers, Mubadala Investment Co., also purchased shares previously held by the bankrupt cryptocurrency exchange FTX through a subsidiary and invested in Anthropic.

ChainCatcher news, AI infrastructure company Crusoe Energy is about to complete a $500 million equity financing, led by billionaire Peter Thiel's Founders Fund. This round of financing brings the company's valuation to $3 billion, doubling from two years ago.In the previous weeks, Crusoe Energy just announced a $3.4 billion joint venture agreement with Lancium Clean Campus to build data centers in Texas.

ChainCatcher news, according to Jinshi reports, a source familiar with the matter said that Elon Musk's artificial intelligence startup xAI plans to seek a new round of financing at a valuation of about $40 billion. Just months ago, another round of financing had brought $6 billion in funding to the startup. The financing negotiations are in the early stages, and details may still change; the negotiations could potentially fall through.Previous report indicated that including the funds raised in the last round in May, the company's valuation was at $24 billion, and the latest deal would mean a significant increase in its valuation, placing it among the highest-valued startups in the United States.

ChainCatcher news, the artificial intelligence search startup Perplexity is in discussions for funding, with its valuation set to more than double to $8 billion.Perplexity has completed two additional funding rounds in 2024, raising its valuation to $250 million, and then to $3 billion.

ChainCatcher news, the privacy data oracle protocol zkPass has completed a $12.5 million Series A funding round with a token valuation of $100 million, with participation from dao5, Animoca Brands, Flow Traders, Amber Group, IOBC Capital, Signum Capital, MH Ventures, and WAGMI Ventures. The Series A funding brings zkPass's total funding to $15 million.The zkPass token is expected to launch in the first quarter of next year.According to RootData, zkPass is a privacy data protocol that utilizes 3P-TLS and hybrid ZK technology, providing tools and applications for secure and verifiable data sharing from any HTTPS website without the need for Oauth API, while ensuring privacy and integrity guarantees.

ChainCatcher news, sources say that the AI startup Clay is seeking to raise funds at a valuation of $1.3 billion. Last June, the company completed a $46 million Series B funding round at a valuation of $500 million, led by Meritech.Clay supports revenue operations and growth teams to automate the expansion of potential customers. Its clients include Anthropic, Notion, Vanta, Ramp, and Intercom. (Business Insider)