Saturn participated in Strive SATS' preferred stock IPO using its own funds.
DeFi digital credit protocol Saturn co-founder Ellis Osborn tweeted that Saturn has used its own funds to participate in the SATS preferred stock IPO of Bitcoin treasury company Strive, adding that this participation will not impact USDat, sUSDat, Saturn’s existing products or holders. Osborn noted that Saturn will in the future explore offering similar tools to its global investors.
Earlier reports stated that Strive issued SATS, a fixed-rate cumulative perpetual preferred stock with a 15% annual yield, which pays dividends on every business day. Its liquidation priority ranks below Strive’s floating-rate preferred stock SATA and above common stock ASST. Strive priced the SATS offering at $90 per share, issuing 7 million shares to raise approximately $630 million, with the deal closing on October 20.
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Delphi Digital lists HOOD, HYPE, and LIT as thematic investment assets for speculative trading.
Crypto research firm Delphi Digital has released a report titled "Bullies Always Win: Why Speculation Will Be the Theme of the Next Decade", naming Robinhood (HOOD), Hyperliquid (HYPE), and Lighter (LIT) as assets aligned with this investment theme. The report contends that technological shifts, paired with economic and monetary system pressures, are fueling speculative demand. Its investment strategy centers on allocating to platforms that can generate steady revenue from trading activities, with a focus on profitability, fee-capturing capacity, and user channel strengths. The report’s authors disclosed that they hold positions in the aforementioned assets.
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Blockchain Security Firm: Drift Hacker Transfers Another 4,600 ETH to Tornado Cash, Worth Approximately $11.23 Million
According to security firm Salus' monitoring, on October 21, the attacker behind Drift Protocol began transferring funds from another long-dormant wallet, depositing 4,600 ETH into Tornado Cash, valued at around $11.23 million. The two linked wallets tracked by Salus have now deposited a total of 30,310 ETH into Tornado Cash. The address starting with 0xaa8 had previously sent 19,600 ETH to Tornado Cash, then added another 6,110 ETH, bringing its total deposits to 25,710 ETH. The other address starting with 0xd3f, after lying dormant for about 202 days, made its first outbound transfer, sending 4,600 ETH to Tornado Cash in 46 separate transactions over roughly 19 minutes. This address had earlier received a total of around 24,882 ETH across 11 wallets, with funds primarily sourced from USDC bridged from Solana to Ethereum via CCTP and converted into ETH. As of the monitoring time, the address still holds approximately 20,286 ETH.
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BlackRock's CEO: If the construction of AI data centers slows down, it will drive up computing power costs and intensify inflationary pressures.
BlackRock, the world’s largest asset manager, CEO Larry Fink warned Wednesday that a slowdown in artificial intelligence (AI) data center construction could further push up computing power costs, exacerbate inflationary pressures, and threaten economic growth. Fink noted that accelerating data center development would increase the market’s supply of computing power, leading to faster reductions in computing costs. He further cautioned that a slowdown in the expansion of related technological infrastructure could harm economic growth prospects. The comments come as global AI investment grapples with multiple challenges: rising financing costs, tight power supplies, and local community opposition. Some data center projects have already been delayed, and investors have become more cautious about large tech companies’ ability to sustain capital expenditure expansion.
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SK Hynix completes 40 trillion won stock buyback and cancellation, wrapping up the repurchase about a month ahead of schedule.
According to Yonhap News Agency, following Samsung Electronics, SK Hynix’s large-scale stock buyback concluded on the 21st. SK Hynix stated that it completed the two-month, 40 trillion won stock repurchase on the Korea Exchange (KOSPI) that day. Earlier, SK Hynix announced it would invest 40.0434 trillion won to repurchase 24.07 million of its own shares, which will all be canceled after completion, accounting for about 3.3% of total issued shares, making it the largest stock cancellation operation among South Korean listed companies. The original repurchase period was from August 20 to November 19, but it was completed roughly a month ahead of schedule.
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S&P Global warns that tech giants’ AI infrastructure-related debt could be higher than the amounts they have publicly disclosed.
S&P Global warned on Monday that six major tech firms—Amazon, Microsoft, Alphabet, Oracle, Meta, and SpaceX—may hold higher actual debt and contingent liabilities tied to AI infrastructure than reflected in their public financial data. The rating agency forecasts the six companies will spend over $7 trillion in capital expenditures on data centers and other AI projects between 2025 and 2030, and will maintain negative free cash flow through at least next year. While the rating agency has not broadly downgraded their credit ratings over these concerns, it notes the biggest risk lies in the failure to deliver on expected profits after completing the massive investments.
3 minutes ago
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