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Prestige Wealth (PWM) said it has closed a $150 million financing round to launch a digital asset treasuryfocused on XAUT$4,004.96, the gold-backed tokens of stablecoin giant Tether.The funding includes a $100 million private placement led by Antalpha (ANTA), a prominent bitcoin mining financing firm that and $50 million in senior debt, according to an announcement on Friday. Backers also include Tether and Kiara Capital.Most of that capital will be used to acquire tokenized gold reserves, aiming to build a publicly verifiable, blockchain-native treasury. The company will rebrand to Aurelion pending approvals, and will start trading under the AURE ticker on…

Nasdaq-listed wealth and asset management services provider Prestige Wealth is rebranding to Aurelion Treasury to launch the Nasdaq’s first Tether Gold-backed corporate treasury as more Wall Street companies explore digital asset offerings.To launch Nasdaq’s first Tether Gold (XAUT) treasury, the company announced the closure of a $100 million Private Investment in Public Equity (PIPE) financing round from anchor investor Antalpha Platform Holding Company and other accredited investors, including TG Commodities S.A. de C.V. (Tether), the company said Friday.The company also secured a three-year, $50 million senior debt facility from Antalpha Management, bringing its total funding to $150 million, according to…

Asset management firm Prestige Wealth Inc. announced on Friday that it has secured about $150 million in funding to create NASDAQ’s first Tether Gold Treasury, as part of a broader plan to incorporate tokenized gold into its reserve assets.In a press release, the firm also announced plans to rebrand as Aurelion Inc., subject to regulatory approval, with trading under the new ticker “AURE” expected to begin on October 13, 2025.Antalpha Anchors $150 Million Financing RoundThe transaction was anchored by Antalpha Platform Holding Company, which led a $100 million private placement alongside investors including Tether’s TG Commodities S.A. de C.V. and…

The AdapTive-LeArning Speculator System (ATLAS), introduced by together.ai, marks a significant advancement in the field of large language model (LLM) inference by utilizing runtime-learning accelerators. This innovative system is designed to enhance the efficiency of LLM inference processes, offering a remarkable improvement in speed as it adapts to the user’s workload. Enhancements in LLM Inference ATLAS is engineered to deliver an impressive 500 transactions per second (TPS) on the DeepSeek-V3.1 model, showcasing a fourfold increase in speed compared to baseline performance. This is achieved without the need for manual tuning, making it a highly efficient solution for users seeking to…

Morgan Stanley is widening access to cryptocurrency investments for its wealth management clients, CNBC reported Wednesday, in a move that signals a broader shift among traditionally cautious Wall Street institutions.Starting next Wednesday, the bank will allow its financial advisors to offer crypto investments to all clients — regardless of risk tolerance or net worth — and across all account types, including retirement plans, according to the report. Previously, the option was limited to clients with at least $1.5 million in assets, an aggressive risk appetite and a taxable brokerage account.The decision marks a major expansion for Morgan Stanley’s $8.2 trillion…

Today in crypto, Polymarket’s rival prediction marketplace Kalshi raised $300 million to expand into 140 countries worldwide, Democratic Party senators were criticized for proposing a DeFi restriction list, and Roger Ver has reportedly reached a deal with the US Justice Department to avoid prison over tax charges.Kalshi raises $300 million to expand prediction markets to 140 countriesUnited States-based prediction marketplace Kalshi closed another major funding round to bring its platform to more than 100 countries worldwide.Kalshi completed a Series D funding round of over $300 million led by Sequoia Capital and Andreessen Horowitz (a16z), with participation by Paradigm, the company…

Binance founder Changpeng Zhao (CZ) has addressed growing speculation that Binance may have ties to the fast-growing decentralized exchange Hyperliquid, confirming that while the platform’s founder was once part of a Binance Labs incubation program, there are no current investment links between the two.In a post on X, CZ said Jeff Yan, the founder of Hyperliquid, participated in Binance Labs’ first incubation cohort in 2018 through a startup called YZiLabs. Gossip tweet. Saw a couple of posts on this topic: If you didn’t know, Jeff (HL) was part of the YZiLabs (Binance Labs back then) incubation season 1 cohort in…

Solana, a prominent player in the blockchain space, has emerged as a leader in on-chain activity, boasting a diverse range of applications and efficient transaction processing. According to Grayscale Research, Solana’s blockchain platform excels in user engagement, transaction volume, and transaction fees, making it a formidable force in the cryptocurrency landscape. Solana’s Growing Ecosystem Solana’s blockchain is recognized for its fast and cost-effective transaction processing, hosting a multitude of industry-leading applications across various sectors such as decentralized finance (DeFi), consumer apps, and infrastructure projects. The platform’s SOL token, with a valuation of approximately $119 billion, ranks as the fifth-largest crypto…

Russia is moving closer to formally integrating crypto into its financial system, as officials acknowledge widespread adoption and the central bank prepares to let banks handle digital assets under tight controls.According to a report by TASS, Deputy Finance Minister Ivan Chebeskov said around 20 million Russians now use cryptocurrencies “for various purposes,” describing them as a reality the government must address rather than resist. TASS reported that Chebeskov argued the state needs to develop domestic infrastructure both to protect users and to secure “economic and technological benefits” for the country.The scale of that adoption was highlighted by new figures TASS…

Key takeaways:Bitcoin’s correlation with Nvidia has surged to 0.75, its highest in a year.Analysts fear such a correlation may result in BTC price dropping by up to 80%.Bitcoin (BTC) and Nvidia stock (NVDA) are now moving more in sync than at any point in the past year. That has some market watchers worried about a looming crash similar to the dot-com bubble era in the late 1990s.Risky AI-on-AI deals pose crypto crash risksBTC’s 52-week correlation with the world’s top chipmaker has climbed to 0.75 as of Friday. It comes in the same week in which both Nvidia and Bitcoin valuations…