China National Data Group registered with RMB 30 billion capital. SASAC holds 20%, China Mobile, China Telecom and China Unicom hold 45% combined, State Grid and China Southern Power Grid hold 25% combined, and China Xiong'an Group holds 10%. Its scope covers big data, data processing and storage, AI software, blockchain technology software and services, and cloud computing equipment services.

BlackRock signed a memorandum of understanding with SBI Holdings and Startale to explore linking tokenized money market funds with JPYSC, a yen-backed stablecoin, to push on-chain finance in Japan.

Anthropic previously posted a $1.7 billion loss for the first quarter and expects third-quarter revenue to rise about 45% quarter over quarter, a slower pace of growth.

Asian stocks surge as Anthropic IPO lifts sentiment ahead of key earnings and central bank rate decisions.

Asian equities traded mixed, with South Korea's Kospi up 4% and Japan's Nikkei up 1.9%. Anthropic's IPO could raise more than $100 billion, as investors look ahead to the Federal Reserve's policy meeting.

Two Bitcoin whales deposited 2,571 BTC worth $206.52 million into a prime brokerage platform 10 hours ago, according to Lookonchain. Both wallets had been inactive for three years before the transfers. The deposits represent a large inflow to an institutional trading venue.

The plan starts with a $35 billion public offering, followed by up to $60 billion more. Nvidia and others intend to subscribe for up to $5 billion.

As of June 30, the company held $131.7 billion in cash and cash equivalents and posted a first-half net loss of $80.7 billion.

BlockBeats, October 27 — Bank of America expects Chair Powell's October press conference to follow September's shortened format, running roughly 30 minutes and possibly dropping the Q&A session entirely, as the Fed's rate meeting approaches. Should the Fed raise rates, BofA sees relatively little communication pressure on Walsh: he would need only to stress that inflation remains high and broad-based, that financial conditions are not yet tight enough, and that the economy and labor market stay strong. His aim would be to avoid sounding overly hawkish and to keep hikes from over-tightening financial conditions. A decision to stand pat would put Walsh on the defensive over the Fed's credibility. With September inflation data running hot, even an argument built on trends rather than a single reading would struggle to quiet charges of complacency — a similar trend preceded the September hike. If Walsh declines to signal a quarterly tightening pace that locks in a December increase, markets could again face curve distortion and steepening, a softer dollar and selling in risk assets. BofA holds to its call for Fed hikes in December 2026 and March 2027, and cautions that if inflation proves stickier than expected in the first half of 2027, further increases cannot be ruled out.