financing

Gate Ventures Weekly Report statistics show that 13 financing deals were disclosed last week, with a total disclosed amount of approximately 1.375 billion USD, among which Kalshi raised 1 billion USD.

According to Bloomberg, at the Global Financial Leaders Investment Summit hosted by the Hong Kong Monetary Authority, Wall Street executives stated that capital markets will continue to provide financing for global AI infrastructure development. Morgan Stanley CEO Ted Pick expects that cumulative spending on AI could reach $15 trillion over the next decade, with the largest tech giants potentially investing between $800 billion and $1 trillion annually over the next 7 to 12 years. Pick noted that we are currently about in the third inning of a nine-inning game.Goldman Sachs CEO David Solomon stated that as investors assess the surge in demand for AI and computing power, capital markets still have the capacity to absorb this, and the demand for financing will be strongly met. He reminded that technological supercycles rarely progress in a straight line, and the main constraint on transaction scale is the cost of capital rather than the availability of funds. Pick expects that long-term returns will be sustainable, with productivity gains potentially driving U.S. real GDP growth by 50 to 70 basis points each year. Solomon also mentioned that accountability for AI should ultimately rest with individuals rather than systems.

According to Gelonghui, Xiao Yuanqi, Deputy Director of the China Financial Regulatory Bureau, stated at the Fifth International Financial Leaders Investment Summit hosted by the Hong Kong Monetary Authority that a large influx of capital into the technology sector and leading enterprises has raised the leverage levels in these areas, which may lead to excessive expansion.Xiao Yuanqi mentioned that the excessive concentration of capital has an crowding-out effect on traditional industries, raising the borrowing costs for these enterprises, increasing their financial burdens, weakening their ability to reinvest and expand production, and also increasing credit risks. He believes that policymakers should develop corresponding policy frameworks in advance for the AI-driven economic transformation to strengthen macroeconomic management and prevent economic and financial risks.

Live prediction market CRSHMARKET announced the completion of a $3.5 million seed round financing, led by 6th Man Ventures, with participation from Reciprocal Ventures, Lattice Fund, and Starting Line. The project stated that the funds will be used to build a live prediction market, allowing users to predict the outcomes of live content and settle within 60 seconds.CRSHMARKET officially introduces its product supported by Monad, headquartered in New York, with co-founders including Evan Rama, Param Patel, and Lucas Pichette. The project previously disclosed that, approximately four months after launch, the trading volume exceeded $10 million, the number of users surpassed 50,000, and over 550,000 transactions had been processed, having also completed over $1 million in financing.

According to exclusive reports from Axios Pro, sources say that the computing power trading platform Ornn is negotiating the third tranche of its Series A financing, which could value the computing power trading startup at over $1 billion. If the deal is finalized, Ornn will become the highest-valued startup in the field.This negotiation follows Ornn's completion of the second tranche of Series A financing at a valuation of $800 million, just about four months after it completed its seed round financing. In June of this year, Ornn completed a $33 million seed round financing led by a16z crypto.Ornn primarily builds financial infrastructure for AI computing power, connecting neocloud with the GPU computing power of data centers to buyers willing to sign short-term contracts, and publishes a computing power price index, which has been integrated into Bloomberg terminals. The Intercontinental Exchange (ICE) plans to launch contracts linked to the Ornn computing power price index, but has not yet received regulatory approval.

AI startup Trajectory completed a $45 million Series A funding round with a valuation of $300 million, led by Sequoia, with participation from Nvidia and others.

According to Techfunding News, cryptocurrency high-frequency trading company LO:TECH has completed a $12 million Series A financing round, led by MMC, with participation from Faction, 13 Books Capital, and new investor Atka. The company plans to use the funding to expand into the New York and Singapore markets and further develop trading execution services in traditional finance, digital assets, and prediction markets.LO:TECH was founded by Tim Meggs, Marcus Horsley, and Alex Williams, focusing on high-frequency trading and liquidity provision, capable of executing tens of thousands of trades per second. The company's business includes proprietary trading, market data distribution, and trading technology services, and it has obtained a data distributor license from Kalshi.

According to Brazil's Valor Econômico, Brazil's stablecoin payment infrastructure Bloquo has completed approximately $3.72 million (20 million reais) in financing, led by Crescera Capital and Triaxis Capital. This round of funding will be used to strengthen regulatory compliance and technical architecture, as well as to expand platform operations.Bloquo was established in 2025 and is headquartered in Rio de Janeiro, Brazil. It is a stablecoin-based infrastructure platform that covers cross-border payments, foreign exchange, and trade financing.

Meme token and AI Agent issuance platform Bullshot announced the completion of a $7.7 million financing round, co-led by P2 Ventures and Animoca Brands, with participation from B1 Ventures, Poolz Ventures, Genesis Capital, and other institutions.

As AI mega-scale cloud service providers ignite a global financing boom, the scale of yen bonds issued by foreign entities in Japan has reached a historic high. From April to September, the total amount of yen bonds was approximately 2.5 trillion yen (about 15.9 billion USD), a year-on-year increase of 160%.Google's parent company Alphabet issued yen bonds for the first time in May, with a total of 576.5 billion yen, setting a new historical record.

Global investment company Brookfield has appointed KB Kookmin Bank as the lead arranger for the largest syndicated loan in South Korea's history. The loan amounts to 10.7 trillion Korean won (approximately 8 billion USD) and aims to provide funding support for South Korean tech giant NAVER to procure artificial intelligence chips.

AI reading knowledge network Readora announced the completion of a $6.5 million financing round, with investors including Becker Ventures, GaeaVentures, and Aurumx Capital.Readora is committed to transforming reading behavior into accumulable and reusable intelligent value through AI reading assistance, personalized information discovery, and attention incentives. Currently, Readora's products support BNB Chain (BSC) and Morph, continuously improving the product experience around AI content understanding, intelligent discovery, and reading incentives.As AI technology accelerates its integration into information acquisition and knowledge management, how to efficiently discover valuable information from vast amounts of content and enable users' attention to create long-term value is becoming a new development direction. Readora will continue to promote the construction of AI reading and intelligent discovery capabilities, expand ecological cooperation, and explore more possibilities for the integration of human attention and AI networks.

RoboScience announced the completion of hundreds of millions in financing in Series A2, led jointly by Amber Capital, Hongruida Investment, and Shanghai Semiconductor Industry Investment. Follow-on investments were made by Shuang Capital, 360 Strategic Investment, Guolian Tongbao, Jinding Capital, and several listed company platforms.

StableStock recently completed a new round of strategic financing with a valuation of $75 million, with participants including Amber, Nomad Capital, Flow Traders, and Gate. Previously, StableStock was part of the first incubation project of YZi Labs EASY Residency and received seed round investments from YZi Labs, MPCi, and Vertex Ventures.StableStock will launch its points program, Genesis, on November 2. Users can earn points by trading or holding eligible stocks and ETFs, supporting both spot and leveraged spot trading, with points distributed daily. The program will also retroactively recognize eligible historical contributions and provide point bonuses for qualifying early users.The platform has covered the US, Hong Kong, and South Korean stock markets and has launched a mobile app. It currently supports thousands of stocks and ETFs, serving tens of thousands of emerging market users, with a cumulative trading volume reaching hundreds of millions of dollars.

According to RootData statistics, there were a total of 54 financing events disclosed in the crypto primary market in October, with a total disclosed financing amount of approximately 1.954 billion USD, an increase of 83.5% compared to 1.065 billion USD in September, and a decrease of 45.3% compared to 3.573 billion USD in October last year; the number of financing events increased by 12.8% compared to 47 in September, and decreased by 32.1% compared to 78 in the same period last year.From the perspective of sector distribution, both DeFi and infrastructure completed 17 financing events, with disclosed amounts of approximately 1.157 billion USD and 348 million USD, respectively; CeFi completed 9 financing events with a disclosed amount of approximately 343 million USD. Prediction markets, AI infrastructure, payment, and institutional financial services were the main directions for large financing this month.The top three projects by financing amount were Kalshi (1 billion USD), Whop (200 million USD), and Pearl (130 million USD), while Nous Research and Spiko disclosed financing of 90 million USD each. The top five projects accounted for approximately 1.510 billion USD, which is 77.3% of the total disclosed financing amount this month, with Kalshi alone accounting for about 51.2%.In terms of RWA, according to project tags, there were 6 RWA-related projects that disclosed financing this month, totaling approximately 12.2 million USD, accounting for 11.3% of the monthly financing events and 6.3% of the disclosed amount. Among them, Spiko completed a 90 million USD Series B financing, while Fission and Multiliquid disclosed financing of 10 million USD and 8 million USD, respectively.In terms of mergers and acquisitions, there were 11 recorded M&A events this month, the same as in September, with transaction amounts undisclosed, including projects like BTCBOX, Zodia Custody, Zeal, and Z.com EX.Regarding investment institutions, Tether participated in 4 financing events, Sequoia Capital, Pantera Capital, and North Island Ventures each participated in 3, while Blockchain Capital, Coinbase Ventures, and others also made multiple investments.

According to a report by the Financial Times citing informed sources, Blackstone recently informed investors in a $63 billion chip financing deal for Anthropic that the company may not immediately receive an investment-grade rating after going public, with major rating agencies more likely to assign it a BB range rating, which is speculative grade (commonly referred to as "junk grade").According to the rating systems of S&P and Fitch, BBB- and above are considered investment grade, while BB+ and below are considered speculative grade. If Anthropic ultimately receives a junk grade rating, its financing costs may rise, and the range of funds available to institutions such as insurance companies and pension funds, which are subject to investment-grade investment restrictions, will also narrow.The financing pressure mainly comes from Anthropic's massive computing power expenditure plans. The company previously disclosed plans to invest over $800 billion in computing infrastructure by 2045. Although Anthropic currently holds over $112 billion in cash and cash equivalents and plans to further raise funds through an IPO, the long-term commitments to computing power still raise concerns among investors about its future funding needs and debt capacity.After the report was released, U.S. tech stocks fell further, with the Nasdaq 100 index ultimately down 3.5%. However, Anthropic has not yet received a formal credit rating from S&P, Moody's, or Fitch, and Blackstone's assessment is not an official rating result.

Artificial intelligence inference company Baseten announced the launch of a new round of financing of $2 billion, with a valuation of up to $30 billion. Existing investor Sands Capital is expected to lead this round of financing.Baseten was founded in 2019 and mainly provides AI model deployment and inference platforms for enterprises, helping them run various AI models. In June of this year, Baseten completed a $1.5 billion financing round, with a valuation of $13 billion. Its competitor Fireworks AI completed a $1.5 billion financing round in July this year with a valuation of $17.5 billion. It is reported that NVIDIA invested $150 million in Baseten in January this year, increasing its active layout in the field of artificial intelligence inference.