Michael Saylor: Just because anyone can issue a cryptocurrency doesn't mean Bitcoin has no value.

According to data from the BIT stock platform, share prices of emerging cloud service companies have strengthened further: Nebius (NIBS.O) rose 11%, Coreweave (CRWV.O) gained 6.7%, and IREN (IREN.O) increased 7.7%.

Meta Platforms (META.O) said it plans to raise funds through stock issuance to support investments in artificial intelligence, with the financing size slightly increased from $95 billion to $97.5 billion. On Tuesday, when announcing the pricing terms for the stock offering, Meta stated it will raise its common stock issuance amount from $22.5 billion to $25 billion. Per the plan first released on Monday, Meta also intends to issue approximately $12.5 billion in Series A depositary shares, and raise up to $60 billion via its "at-the-market" (ATM) offering program. The Tuesday filing also shows that Meta has granted underwriters for the common stock and depositary share offerings an overallotment option to purchase an additional ~$5.5 billion worth of shares, meaning its total final financing could reach up to around $103 billion.

General Compute has closed a $100 million Series A funding round, led by Blackbird Ventures and Abstract Ventures. Following its seed round in May this year, the company was valued at $60 million; its post-money valuation has now climbed to $800 million. The firm specializes in building cloud computing operations using specialized inference chips manufactured by Nvidia’s rivals, and has entered into a new $400 million chip purchase agreement with SambaNova. This transaction also marks the first debt financing deal focused on inference chips. (TechCrunch)

According to data from BIT Stock Platform, U.S. stocks opened: the Dow Jones Industrial Average was nearly flat, the S&P 500 rose 0.3%, and the Nasdaq gained 0.47%. General Motors (GM.N) climbed 3.3% as its shares are scheduled to switch from the New York Stock Exchange to the Nasdaq on November 17. Boeing (BA.N) fell 2.5% after reporting a larger-than-expected Q3 loss. S&P Global (SPGI.N) jumped 4.7% as its Q3 results beat expectations. The Philadelphia Semiconductor Index advanced 1.4%.

Oct 27 Update: #Bitcoin ETFs: 1D NetFlow: +1,359 $BTC(+$108.91M)?? 7D NetFlow: -2,399 $BTC(-$192.3M)?? #Ethereum ETFs: 1D NetFlow: -38,303 $ETH(-$89.07M)?? 7D NetFlow: -81,754 $ETH(-$190.12M)??

According to market sources, AMD (AMD.O) will invest $1 billion in Meta Platforms' (META.O) equity offering. AMD and Meta Platforms are advancing a strategic partnership to provide computing power support for Meta's superintelligence infrastructure.