SK hynix minority investors are preparing to ask the Korea Exchange whether duplicate-listing rules cover a Solidigm Nasdaq IPO worth up to $150 billion. Since the exchange does not directly review listings abroad, their leverage is the extra payout SK hynix has promised with third-quarter results.
Reality
- Evidence45
- Adoption
- Insufficient
- Hype gap+25
- Incentives70
- Confidence45
BNY is in talks with Kraken parent Payward, valued at $21 billion when Nasdaq invested, over a custody, trading and payments partnership, CoinDesk reported. Nothing is signed. One source compares the talks to the infrastructure half of Payward's Nasdaq agreement.
Perspective Coverage
5 publishers
- Builder
- Builder 24%
- Operator
- Operator 40%
- Investor
- Investor 36%
Reality
- Evidence40
- Adoption15
- Hype gap+10
- Incentives55
- Confidence50
OpenPayd, a London payments firm with $73 million of revenue, expects its Titan merger to close by year-end and fund a US launch by April 2027. With 43 state licenses already bought, the listing mainly supplies cash and shares for the acquisitions its CEO says come next.
Perspective Coverage
3 publishers
- Builder
- Builder 17%
- Operator
- Operator 32%
- Investor
- Investor 51%
Reality
- Evidence62
- Adoption40
- Hype gap+20
- Incentives72
- Confidence60
Anthropic could start marketing its IPO the week of Nov. 9 at a valuation of $1.8 trillion to $2 trillion, Bloomberg reported. How much money it draws from other AI stocks before Thanksgiving depends on a share count the reports have not disclosed.
Perspective Coverage
32 publishers
- Builder
- Builder 14%
- Operator
- Operator 13%
- Investor
- Investor 73%
Reality
- Evidence55
- Adoption60
- Hype gap+25
- Incentives68
- Confidence58
Armada Acquisition Corp. II shareholders approved the Evernorth merger, so a 473 million XRP treasury lists on Nasdaq as XRPN on Oct. 8. Only about $300 million of the $1 billion-plus raised is cash, and investors contributed XRP directly for much of the rest.
Perspective Coverage
5 publishers
- Builder
- Builder 6%
- Operator
- Operator 20%
- Investor
- Investor 74%
Reality
- Evidence65
- Adoption45
- Hype gap+25
- Incentives65
- Confidence70
Backpack Securities put Powerus stock on Solana as a token a day after Powerus closed its Nasdaq merger, drawing $9.1 million of trading by mid-afternoon. The test is whether the Solana price stays tied to the Nasdaq share between sessions.
Reality
- Evidence40
- Adoption20
- Hype gap+25
- Incentives60
- Confidence45
Oura postponed its $2.2bn Nasdaq IPO on pricing day after its shares reportedly looked set to sell at the bottom of their $40-to-$44 range. Even $40 a share would have valued the profitable ring maker near $14.2bn, above its 2025 private round, so the dispute is over how far above.
Perspective Coverage
4 publishers
- Builder
- Builder 9%
- Operator
- Operator 17%
- Investor
- Investor 74%
Reality
- Evidence68
- Adoption50
- Hype gap+25
- Incentives60
- Confidence62
Robinhood is seeking approval to let customers trade a curated list of US stocks and ETFs on weekends, the 48 hours a week its 24 Hour Market is shut. Weekend prices will depend on whether dealers quote through those hours and on how the trades clear and settle.
Perspective Coverage
4 publishers
- Builder
- Builder 23%
- Operator
- Operator 35%
- Investor
- Investor 42%
Reality
- Evidence58
- Adoption10
- Hype gap+40
- Incentives72
- Confidence60
Robinhood says more than 150,000 customers have opened AI agent trading accounts that generate roughly 30 million automated actions a day. The agents' guardrail is a manual-approval default that customers can adjust. Robinhood is setting that default as the company pushes toward trading that never stops.
Reality
- Evidence35
- Adoption40
- Hype gap+30
- Incentives75
- Confidence40
Ondo Finance is selling three BlackRock-modelled portfolio tokens issued by a British Virgin Islands entity that alone owes holders anything. A buyer paying for the BlackRock name holds Ondo's paper, and BlackRock's part is limited to designing the allocation.
Reality
- Evidence62
- Adoption
- Insufficient
- Hype gap+35
- Incentives72
- Confidence55
Trump is expected to join crypto, prediction market and AI executives on the 19th, with CME, Nasdaq, ICE and DTCC also invited. The CFTC's new advisory committee meets the next day.
Perspective Coverage
3 publishers
- Builder
- Builder 8%
- Operator
- Operator 34%
- Investor
- Investor 58%
Reality
- Evidence50
- Adoption
- Insufficient
- Hype gap+15
- Incentives70
- Confidence50
Hyperliquid Strategies has drawn $646.6m at an average $8.70 a share to build a 29.3 million HYPE treasury, and the new ceiling is $2.5bn, but below $12.02 a share only 42.6 million further shares can go out without a holder vote.
Perspective Coverage
3 publishers
- Builder
- Builder 10%
- Operator
- Operator 25%
- Investor
- Investor 65%
Reality
- Evidence72
- Adoption60
- Hype gap+20
- Incentives60
- Confidence70
Starman Optical is paying $285 million of cash and clearing $92 million of debt for 90 percent of a Nasdaq listing, which prices GoPro standalone near $317 million and leaves the retained tenth resting on transceiver numbers nobody has published.
Perspective Coverage
4 publishers
- Builder
- Builder 13%
- Operator
- Operator 20%
- Investor
- Investor 67%
Reality
- Evidence50
- Adoption
- Insufficient
- Hype gap+45
- Incentives70
- Confidence60
The cheque is small enough to read as a partnership fee, and it arrives with a surveillance contract, a 2027 token launch date, and a quarter in which Payward's adjusted EBITDA fell to $23m on $508m of revenue.
Perspective Coverage
8 publishers
- Builder
- Builder 14%
- Operator
- Operator 42%
- Investor
- Investor 44%
Reality
- Evidence66
- Adoption22
- Hype gap+40
- Incentives72
- Confidence62
AI infrastructure spending moved the OECD's 2026 global growth forecast from 2.8% to 2.9%, while the body says energy turmoil, bond yields, weak AI returns and extreme weather hitting together would cost 0.7 points of 2027 growth.
Reality
- Evidence44
- Adoption38
- Hype gap+30
- Incentives60
- Confidence50
Nasdaq's net income standard now requires $15 million of unrestricted public float, three times the old bar, and the blank-check pool positioned to absorb the issuers it excludes is filling faster than it is finding them.
Reality
- Evidence55
- Adoption38
- Hype gap+28
- Incentives62
- Confidence52
The November term sheet would have left Currenc's own shareholders with 5% of the combined Nasdaq company. Animoca says it still wants a listing. Its 2024 audit is still being prepared.
Reality
- Evidence62
- Adoption22
- Hype gap+18
- Incentives64
- Confidence66
Existing holders are selling 36.5 million of the 50 million shares on offer. Oura's own 13.5 million would net about $532.6 million at the $42 midpoint, ahead of pricing on September 29 at up to $14.1 billion.
Perspective Coverage
5 publishers
- Builder
- Builder 19%
- Operator
- Operator 22%
- Investor
- Investor 59%
Reality
- Evidence72
- Adoption78
- Hype gap+18
- Incentives76
- Confidence68
SoftBank's data centre arm filed on September 1 to raise $5bn to $7bn on Nasdaq, and the price under discussion works out at about 180 times an annualized half-year revenue of $139m against $439bn of contracted backlog.
Reality
- Evidence45
- Adoption12
- Hype gap+30
- Incentives72
- Confidence55
Oura is selling 13.5 million of the 50 million shares on offer, so about $594m of the base deal reaches the company and 73% of it goes to people who already own stock. The subscription is what is being priced.
Reality
- Evidence72
- Adoption68
- Hype gap+14
- Incentives82
- Confidence64
Earlier coverage
- Anthropic voids unsanctioned secondary trades made through platforms like Forge Global and Hiive
Invest · September 21, 2026 · 1 publisher
- Insta360 spent more on memory chips in six months than Starman is paying for GoPro
Product · September 20, 2026 · 1 publisher
- One KOSDAQ IPO has raised more than a trillion won since the board opened in 1996
Invest · September 20, 2026 · 1 publisher
- S&P Global leads $110m into the crypto data vendor whose indices already carry its name
Invest · September 19, 2026 · 1 publisher
- Storonsky adds a London leg to Revolut's Nasdaq listing plan
Product · September 18, 2026 · 1 publisher
- May Mobility's $1.4bn listing could see up to $217m of raise exposed to redemptions
Invest · September 17, 2026 · 1 publisher
- OpenAI holds out for $1.5tn after investors approached at $1.2tn
Product · September 16, 2026 · 1 publisher
- XRP's weight more than doubles in Grayscale's Next Gen model compared to its Leaders portfolio
Invest · September 15, 2026 · 1 publisher
- Anthropic takes one-cent warrants on 51 million shares of Truth Social's host
Invest · September 14, 2026 · 1 publisher
- Anthropic's $2 trillion listing would price it at 31 times the revenue it reported in July
Invest · September 14, 2026 · 1 publisher
- Robinhood's AMC tokens put three layers between the buyer and the share
Invest · September 14, 2026 · 1 publisher
- Closing SK hynix's 50.7% ADR premium would take a third out of the Nasdaq price
Invest · September 14, 2026 · 1 publisher
- Anthropic heads for an October Nasdaq listing that forces its first checkable financials
Product · September 13, 2026 · 1 publisher
- A $985m buyback premium turned Oura's $60.8m profit into a $924.3m loss
Product · September 6, 2026 · 3 publishers
- Coinbase's tokenized SpaceX share turns over six times its own float in a day
Invest · September 12, 2026 · 1 publisher
- Lockup expirations quadruple SpaceX's float ahead of the September Nasdaq 100 rebalance
Invest · September 12, 2026 · 1 publisher
- Nasdaq buys roughly 0.48% of Payward to put voting shares on a blockchain
Invest · September 11, 2026 · 1 publisher
- Kalshi lines up sixty stock perps that would keep trading after Nasdaq closes
Invest · September 11, 2026 · 1 publisher
- SentinelOne's Up-to-$300M Prompt Security Deal Is the Only Priced Buy in a Trio of AI-Governance Acquisitions
Invest · September 10, 2026 · 1 publisher
- Nasdaq invests $100 million in Kraken parent Payward, expands tokenized-stock partnership
Leadership · September 10, 2026 · 1 publisher
- Mirae Asset's chairman prescribes tax cuts for a KOSDAQ losing 1.8 firms a year
Invest · September 10, 2026 · 1 publisher
- Beyond a 12% cost estimate: the multifaceted case for tokenized collateral
Invest · September 7, 2026 · 1 publisher
- Anthropic alone could raise four times what the first half's other 57 IPOs did
Invest · September 2, 2026 · 1 publisher
- Shanghai's retail bid now funds China's memory and humanoid capacity
Build · August 31, 2026 · 1 publisher
- Shanghai's retail bid marked CXMT's $8.6bn float at $48.7bn in one session
Invest · August 30, 2026 · 1 publisher
- Verafin's new dark-web feed hands investigators ten days before the check comes back
Invest · August 30, 2026 · 1 publisher
- Alpha Modus hands 91% of itself to ten investors carrying 3,170 bitcoin
Invest · August 29, 2026 · 1 publisher
- Pasqal reaches Nasdaq with $140m less than its filings projected
Product · August 28, 2026 · 1 publisher
- Nasdaq's 23-hour day still leaves 53 hours a week dark, and that is when the news broke
Invest · August 26, 2026 · 1 publisher
- Y'all Street's real bill: Morgan Stanley owes Dallas 3,800 seats and a hiring plan by 2027
Leadership · August 23, 2026 · 1 publisher
- The SEC repriced the raise, not the reporting: 2026's two moves and your listing plan
Invest · August 23, 2026 · 1 publisher
- SpaceX prices $75bn of stock at $135 and leaves the denominator in the prospectus
Invest · August 22, 2026 · 1 publisher
- Texas Capital sends $52.8 million to Dallas to test the Texas Stock Exchange
Invest · August 21, 2026 · 1 publisher
- Nebius sells $4.5B of converts and loses 13% of its share price the same day
Invest · August 20, 2026 · 1 publisher
- AI capex outgrew the consumer. Your demand forecast is now an AI bet.
Leadership · August 19, 2026 · 1 publisher
- The finance stack's real bill is integration, not licences
Invest · August 19, 2026 · 1 publisher
- A $12m Shanghai insurer sold most of itself for 2,380 Bitcoin
Invest · August 19, 2026 · 2 publishers
- Tokenized stocks hit $9B in onchain volume, and the cause is distribution
Invest · August 19, 2026 · 2 publishers
- The $559M-versus-$12.3B quarter matters more than the $65B run rate
Build · August 19, 2026 · 4 publishers
- Metaplanet buys a Nasdaq listing with 2,100 of its own bitcoin, and writes a template
Invest · August 18, 2026 · 4 publishers