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Intel CEO Tan Bingwen leads Hyperbolic’s $30 million funding round, bringing the company’s total raised to $50 million.

1 hours ago

Intel CEO Pat Gelsinger led the $30 million Series A-1 funding round for AI computing power and software startup Hyperbolic through Walden Catalyst, the venture capital firm he co-founded with former Samsung president Inho Kim. Dell Technologies Capital, General Catalyst, Vista Equity Partners, and Cambium Capital joined as co-investors, bringing the startup’s total raised to approximately $50 million. Hyperbolic enables enterprises to locate and uniformly schedule computing power across hundreds of emerging AI clouds, currently integrating around 30 suppliers with an annualized computing power capacity of roughly $200 million. Founder and CEO Jasper Zhang stated the company is nearly breaking even, targeting $150 million in annual recurring revenue this year, and will use the round’s proceeds to expand its cross-cloud AI chip management tools.

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trade.xyz launches Indian stock RELIANCE contracts, supporting up to 10x leverage.

Per an official announcement, trade.xyz has launched a RELIANCE Indian stock contract, supporting up to 10x leverage. The contract is pegged to one common share of Reliance Industries Limited (NSE: RELIANCE). The oracle converts the stock price denominated in Indian rupees to U.S. dollars using the prevailing USD/INR exchange rate. Reliance Industries operates businesses including energy, petrochemicals, retail, and digital services.

4 minutes ago

South Korea’s KOSPI index closed higher, with SK Hynix rising nearly 11% and Samsung gaining around 9%.

According to Bitget data, South Korea’s KOSPI index closed up 374.1 points on Wednesday (October 28), surging 6.63% to 6012.44 points. The index reclaimed the 6,000-point level after 10 trading days, marking its largest single-day gain since July 31. SK Hynix rose nearly 11%, its biggest daily jump since August 20, while Samsung Electronics gained around 9%, also its largest single-day increase since August 20.

4 minutes ago

Three whales deposit 6,168 $BTC ($498.5M) into Coinbase Prime

Three whales deposited 6,168 $BTC ($498.5M) into #CoinbasePrime 6 hours ago.

4 minutes ago

Three whale addresses deposited 6,168 BTC to Coinbase 6 hours ago.

According to Lookonchain’s monitoring, three whale addresses made a combined deposit of 6,168 BTC (valued at around $498.5 million) to Coinbase Prime 6 hours ago.

4 minutes ago

Predict.fun has launched its native token PREDICT, with a total supply of 1 billion tokens, and 16% of the token unlocked at TGE.

Prediction market platform Predict.fun released a post introducing its native token PREDICT, which has a fixed total supply of 1 billion tokens. The allocation is as follows: 50.95% for ecosystem and community, 26.05% for early supporters, 10% for core contributors, 8% for the treasury, and 5% for liquidity. At the Token Generation Event (TGE), 16% of the total supply will be unlocked. The shares of core contributors and early supporters are fully locked at TGE, with a 24-month cliff period followed by monthly vesting over the subsequent 36 months, leading to a total unlock cycle of approximately five years. For the first season airdrop, 70 million PREDICT tokens (accounting for 7% of the total supply) are allocated from the ecosystem and community pool. Recipients can choose to claim 35% immediately, or opt for full 100% vesting over 12 months. The official stated that the claim date will be announced within the next 24 hours, alongside the final results of the first season Predict Points.

4 minutes ago

Two dormant PEPE whales transferred 2.27 trillion PEPE tokens today, valued at $10.19 million.

According to Lookonchain monitoring, two dormant PEPE whales transferred a total of 2.27 trillion PEPE tokens today, worth $10.19 million. One address received 814.337 billion PEPE four months ago, which was valued at $2.27 million at the time; it transferred out the holdings roughly 8 hours ago, with a value of $3.66 million. The other address moved 1.457 trillion PEPE about 7 hours ago, worth $6.53 million.

4 minutes ago

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