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Asset tokenization issuer Birch Hill completes $4 million seed round financing, led by Multicoin Capital.

54 minutes ago

Birch Hill, founded by former employees of Goldman Sachs and BlackRock, has closed a $4 million seed funding round led by Multicoin Capital, with participation from ParaFi Capital, Castle Island Ventures, and Nascent. The firm’s total capital raised now stands at $6.5 million. It currently manages vaults on Morpho, has applied to the U.S. Financial Industry Regulatory Authority (FINRA) for broker-dealer qualification, plans to sell private credit products to accredited investors, and aims to securitize pools of U.S. multifamily residential, agricultural, and energy loans and tokenize them on-chain in the long term. (Decrypt)

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Independent Bitcoin miner mines block 973,413, claims exclusive 3.14 BTC block reward.

According to mempool data, a Bitcoin solo miner has mined block 973,413, taking the full 3.14 BTC block reward, valued at approximately $250,000 at current market rates. Relevant details show the mining rig has a hashrate of just around 6.5 TH/s. Technicians speculate the "lucky" rig is very likely a Canaan Avalon Nano 3S. Public information notes the Nano 3S is only router-sized, with a power draw of 140 watts. Compared to the hashrate of professional mining rigs such as the S21 XP (270 TH/s), the winning rig’s hashrate is less than one-fortieth of the S21 XP’s.

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Hyperliquid Labs will unlock 180,000 HYPE tokens for distribution to its team members.

Members of the Hyperliquid project team announced on Discord that Hyperliquid Labs will unlock 180,000 HYPE tokens today, for distribution to team members on November 6.

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WTI crude oil rose 2% intraday, currently trading at $101.50 per barrel.

According to Bitget's market data, WTI crude oil has risen 2.00% intraday, currently trading at $101.50 per barrel.

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Bank of Canada raises interest rates for the first time in over three years, with further rate hikes likely ahead.

The Bank of Canada raised its benchmark interest rate by 25 basis points to 2.50% on Wednesday. The central bank projects inflation will remain well above its 2% target level through 2028. Bank of Canada Governor Tiff Macklem said further policy rate hikes may be necessary to curb inflation, though officials pledged to proceed with policy adjustments cautiously. In a prepared statement, Macklem noted: "Raising the policy rate is necessary to reduce the risk that the impact of high energy prices will spread and eventually become entrenched broad-based inflation." He also pointed out that "current uncertainty remains elevated" amid U.S.-Canada trade disputes and Middle East conflicts, with the central bank remaining vigilant. Additionally, the Bank of Canada upgraded its economic growth forecast, driven mainly by strong consumer spending and export performance, as well as a projected rebound in business investment. Business investment is expected to increase further as companies increasingly adopt artificial intelligence and leverage new tax incentives introduced by Prime Minister Carney.

1 minutes ago

IREN Secures $363 Million in Equipment Financing to Expand Its AI Computing Power Business

IREN Limited has closed a $363 million equipment financing transaction with Wingspire Equipment Finance to advance its AI computing power business. The equipment financing agreement refinances the company’s AI computing infrastructure, covering GPU servers and network systems deployed in data center environments. Wingspire Equipment Finance partnered with six other lending institutions to execute the deal, with Eldridge Capital Management and Silver Point Capital serving as the primary capital providers. The financing structure is secured by the relevant equipment and backed by multi-year customer contracts. The transaction enables IREN to recoup a portion of the original cost of the equipment.

1 minutes ago

Bitcoin ETFs see $176.48M inflow, Ethereum ETFs see $64.04M outflow

Oct 28 Update: #Bitcoin ETFs: 1D NetFlow: +2,189 $BTC(+$176.48M)?? 7D NetFlow: +193 $BTC(+$15.57M)?? #Ethereum ETFs: 1D NetFlow: -27,418 $ETH(-$64.04M)?? 7D NetFlow: -96,485 $ETH(-$225.35M)??

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