Strive’s Chief Investment Officer: Growth in Bitcoin holdings per share must be evaluated in conjunction with financing costs and capital structure.

Beating AI Flash News: Meta has launched its lightest AI model, Muse Ember, designed to handle repetitive agent tasks including tool calls, code edits, and document analysis. Ember supports text, image, audio, and video inputs, with a 1 million-token context window. On Artificial Analysis’s Intelligence Index, Muse Ember scored 36 points, matching Claude Haiku 5.5, yet its per-task cost is just $0.14, roughly one-third of the latter’s. Compared to Meta’s own Muse Spark 1.3, Ember trails by only 1 point, but its cost plummets to around one-seventeenth. The model’s affordability stems from token utilization efficiency: while Ember and Haiku 5.5 have identical standard input and output per-token prices, Ember’s cache read cost is 60% lower, and it generates only about one-third of the output tokens Haiku produces for evaluation tasks. Meta plans to assign complex task planning to its large model Muse Wonder, while offloading repetitive work to Ember. For example, Wonder would draft a code migration plan, and multiple Ember agents would modify files and run tests in parallel. However, Ember has clear drawbacks: in Artificial Analysis’s knowledge test, it answered just 21.1% of questions correctly and refused to respond to 64% of questions outright. In the more advanced engineering programming test FrontierCode 2.0, its score is 27.2%, lagging behind Haiku 5.5’s 34.9%. Ember is now live on Muse Code and the Meta Model API. Its standard pricing is $0.10 per million input tokens and $0.50 per million output tokens; per-unit prices triple for requests with over 200,000 input tokens.

The Ethereum Foundation distributed its organizational mission and direction document "EF Mandate" to employees in February this year. Page 11 of the document features the "Source Seppuku License", a section presented as an anime-style illustration with a winking character, yellow cat, and other elements. The text in this section implies that authors, maintainers, editors, or distributors who fail to uphold open source commitments or modify the license must "take their own life with a sword". The content drew strong opposition from some staff, with around 79 employees voting to remove the relevant text. Foundation management clarified that the line was not literal, and updated a commitment document to note it was "unrelated to literal seppuku". Even so, the version released on March 13 still retained the content, which was subsequently written to the Ethereum blockchain. Employee Fulton and colleagues organized a joint letter signed by 53 members of the Protocol cluster, stating they supported the foundation’s direction but rejected the mandatory commitment terms. Later, on March 24, Fulton notified management in writing of her ovarian cancer diagnosis, and was fired roughly 13 days later (another joint letter organizer, Trent Van Epps, was also dismissed the same day). Fulton has since filed a lawsuit in Colorado, accusing the Ethereum Foundation, Vitalik, and other executives of retaliatory termination, disability discrimination, and interference with medical leave.

According to Yu Jing Monitoring, crypto venture capital firm Strobe Ventures transferred 51.95 million ENA (valued at $8.05 million) to Coinbase three hours ago. The VC secured an allocation of 142.9 million ENA via investments two years ago, and currently holds 50 million ENA in its address, worth $83.94 million. It has sold around 93 million ENA for a profit of $25.41 million.

Robinhood has confirmed it does not object to its shares being traded on OKXICE, the tokenized stock trading platform jointly launched by OKX and Intercontinental Exchange (ICE), parent company of the New York Stock Exchange. The U.S. brokerage becomes the third firm to explicitly state no objection, following Securitize and BitGo. Per OKXICE’s November 5 disclosure, 56 of the 62 companies initially set to list on the platform have raised objections, accounting for roughly 90%. The six firms that have not publicly objected are all closely tied to the crypto sector, including Robinhood, Securitize, BitGo, Circle, Coinbase, and Strategy. The platform plans to trade tokenized stocks via an Automated Market Maker (AMM) under the U.S. Securities and Exchange Commission’s (SEC) five-year Innovation Exemption framework. Token holders will enjoy the same dividend and voting rights as holders of the underlying stocks, while issuing companies can raise objections within 30 days of receiving notice. (CoinDesk)

Galaxy Digital released its third-quarter 2026 financial report, posting a net profit of $323 million, reversing the $85 million loss from the prior quarter. Adjusted gross profit reached $569 million, and adjusted EBITDA stood at $455 million. By business segment: adjusted EBITDA for treasury and corporate operations was $395 million, data center operations contributed $69 million, while the digital assets segment posted a $9 million loss. Digital asset trading volume rose 12% quarter-over-quarter, and combined assets under management and staked assets grew 46% sequentially to $10.4 billion. On the data center front, the first phase of Helios I has delivered all 133 MW of critical IT load to CoreWeave; the second phase has secured full financing, with the company completing the issuance of $3.5 billion in senior secured notes. The data center project has a potential total power capacity exceeding 5.7 GW.

Tokenization platform Securitize has announced the acquisition of institutional financing firm River One, expanding its warehouse financing business backed by loans and other assets. Financial terms of the deal were not disclosed, and the transaction is expected to close in the fourth quarter. River One was incubated by Framework Ventures and counts Maple Finance among its backers. KKR data shows the global private asset-backed financing market was valued at roughly $6.1 trillion in 2024, and is projected to surpass $9 trillion by 2029. Securitize also released its third-quarter financial results: revenue rose 13% year-over-year to $18.6 million, while it posted a net loss of $66.3 million, with roughly $60 million of that total tied primarily to non-cash expenses and accounting adjustments related to its listing and business combinations. The platform’s average tokenized asset size grew 39% year-over-year to $5 billion, and trading volume increased 20% to $4.3 billion. The company also announced a share repurchase program of up to $50 million. As of the end of September, it held approximately $300 million in cash and had no debt. (CoinDesk)