AI Agent infrastructure layer firm Orthogonal secures $4.3 million in funding, led by Pantera Capital.

According to market data from BIT (Bit.com), Microsoft’s intraday share price rose more than 1%, lifting its market capitalization to $3.94 trillion. In related news, Microsoft will offer a buyout package to 60,000 employees as part of its latest round of cost-cutting measures. The voluntary severance program is available to eligible employees at level 70 and below across participating teams in Canada, India, the United Kingdom, and the United States.

Binance founder CZ said today at the bell ceremony for BNB Standard Corporation (BNC) on Nasdaq that BNB, which launched as a simple token in 2017, has evolved into an ecosystem boasting its own independent blockchain. BNB Chain serves around 30 million monthly active users and over 3 million daily active users, making it one of the world’s most active blockchains and also among the top blockchains for real-world asset (RWA) liquidity. CZ noted that BNB Chain has a block time of approximately 0.5 seconds and transaction finalization time of less than 1 second. Over multiple market cycles, the BNB ecosystem has continuously built out infrastructure and expanded into areas including payments, lending, and investments, with a goal to become a platform for users to save, transfer funds, and build applications in the future. For its part, BNC stated that it will bring BNB to Wall Street. As a Nasdaq-listed company with BNB at the core of its balance sheet, BNC plans not only to hold BNB but also to develop and operate businesses centered on BNB Chain, starting with running its own validator node and gradually scaling its operations.

Anthropic’s S-1 filing indicates the company has a valuation floor of approximately $1 trillion. Its Series H financing round in June 2026 was priced at $58.90 per share; based on a fully diluted total share count of around 16.94 billion shares, this translates to a valuation of roughly $1 trillion. Financially, as of June 30, 2026, Anthropic held approximately $131.65 billion in cash and marketable securities, plus $2.5 billion in restricted cash and a $15 billion senior secured credit facility. On the client front, over the past 12 months, the company had more than 11,900 clients with annual spending exceeding $100,000, over 1,900 clients with annual spending of more than $1 million, and around 250 clients with annual spending over $10 million. In September 2026, over 90% of code contributions to Anthropic’s codebase were written by Claude. Regarding equity and governance, the seven co-founders collectively control more than 55% of the effective voting rights, with Class F shares accounting for 50.1% of the total voting structure. The company has transferred 846.84 million Class N shares to the Anthropic Public Benefit Fund, representing 5% of the fully diluted total share count. The board of directors is also authorized to issue additional shares equivalent to up to 2% of the total share count each time the stock price rises by 50% from a prior milestone. The seven co-founders have also committed to donating 80% of their personal shareholdings to charitable causes. On the risk front, Anthropic noted in the filing that it will prioritize artificial intelligence safety-related objectives. The above valuation and financial data are compiled from the S-1 filing; final figures shall be subject to official regulatory disclosures.

Nvidia’s stock opened higher and rallied further on Monday, surging more than 3% at one point to lift its market capitalization to $5.23 trillion. Morgan Stanley’s latest research report raised its projection for the U.S. data center net power gap from 33GW to 38GW for the 2026-2028 period, noting that amid constrained power supply, ASIC chips may lose market share relative to GPUs. For semiconductor investments, Morgan Stanley remains most bullish on Nvidia and Broadcom (whose stock rose over 3.2%), citing factors including relatively conservative earnings guidance, clear visibility into chip shipments, expansion into non-U.S. markets, and Nvidia’s higher token output efficiency per watt. The bank added that the market is working to align its expected $1.5 trillion in U.S. data center capital expenditure for 2027 and $1.6 trillion for 2028 with actual power supply capacity. If data center construction is suspended or slowed, downstream components such as storage and optical modules, as well as sectors like power management and analog chips, may face steeper impacts from over-ordering triggered by earlier shortages.

Oct 19–Oct 25, 2026 #LookonchainWeeklyReport ?? Overview Stablecoin supply fell by $2.19B last week, DEX spot volume fell and perp volume fell, while public companies added 6,202 BTC. ?? Stablecoin Market The total stablecoin market cap decreased by $2.19B. ?? Spot & Perps

Oct 26 Update: #Bitcoin ETFs: 1D NetFlow: -2,123 $BTC(-$169.47M)?? 7D NetFlow: +3,344 $BTC(+$266.96M)?? #Ethereum ETFs: 1D NetFlow: -6,960 $ETH(-$16.07M)?? 7D NetFlow: -85,801 $ETH(-$198.15M)??