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Marble closes an $11 million seed round led by Polychain Capital.

16 minutes ago

Marble announced its official launch and completion of a $11 million seed financing round today. The round was led by Polychain Capital, with participation from venture capital firms and strategic investors including Maven 11, Ripple, Susquehanna Crypto, Lattice, Blockwall, as well as individual investors focused on the AI sector. Marble provides capital and liquidity to global frontier markets via its two core business lines: Marble Compute, which is building an institutional private credit system for AI infrastructure, connecting institutional lenders with emerging cloud providers (Neocloud) and GPU operators advancing AI infrastructure; and Marble Markets, which is developing an institutional trading platform covering digital assets, real-world assets (RWA), prediction markets, and computing power markets. Marble was co-founded by Matt Ballensweig and Leon Marshall, who serve as co-CEOs. Ballensweig previously served as Global Head of Trading at BitGo, where he built and led its institutional trading business, and co-led trading and lending operations at Genesis. Marshall was most recently CEO of Europe at Galaxy Digital, and held prior roles at Genesis, Apollo, and Trafigura. The firm added that it will continue expanding its team in the coming months, with plans to recruit senior talent from leading trading firms, trading platforms, and AI infrastructure companies.

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Alta Closes $47.5 Million Series A Funding Round Led by Index Ventures

According to Fortune, Alta, a developer of a Layer 1 blockchain for banks and large financial institutions, announced Tuesday it has closed a $47.5 million Series A funding round, with its valuation undisclosed. The round was led by Index Ventures, with participation from GV (Google Ventures), Blackbird Ventures, Square Peg, and Capital49. Prior to this, the firm secured a $32.5 million seed round, backed primarily by Australian fintech giant Airwallex, which currently competes with firms like Stripe in the global payments market. Alta CEO Loong Wang previously founded a crypto startup that he sold in 2021, then joined a second startup leveraging quantum computing for drug discovery. He later returned to the crypto space and co-founded Alta with former Meta executive Catherine Porter. The company recently rebranded from its original name, Metal. Porter was involved in Meta’s abandoned crypto initiative. In an interview, Wang said that despite the proliferation of so-called Layer 1 blockchains in the market, he decided to build a new blockchain because he believes blockchain is the optimal technology for value transfer. He also noted that existing blockchains do not offer a full set of privacy and compliance tools tailored specifically for banks and other large financial institutions.

6 minutes ago

Strategist: Beyond oil price shocks, AI investment demand could become a new driver of US inflation.

Annex Wealth Management’s chief economic strategist Brian Jacobsen noted that core CPI’s month-on-month rate hit 0.3% again. The issue is not only that overall CPI remains elevated, but also that oil price shocks have passed through to core inflation. Chicago Fed President Austan Goolsbee is not a voting member this year, but when he pointed out that AI demand could be a factor the Federal Reserve needs to curb, he may be speaking for many Fed officials. Furthermore, Fed Governor Christopher Waller said he might back a larger interest rate hike. The Fed is now likely more worried that AI investment demand will crowd out resources from other economic activities and drive up prices. Setting aside oil prices, the Fed’s new concern could be rising employment costs for skilled trades like plumbers and electricians.

6 minutes ago

A trader faced three consecutive liquidations, incurring losses of $5.08 million.

According to monitoring by Onchain Lens, a trader holding long positions in both BTC and ETH suffered three consecutive liquidations on Hyperliquid, with cumulative losses amounting to $5.08 million. The trader previously held positions worth approximately $35.13 million, and total account losses have reached $5.29 million.

6 minutes ago

Following the release of CPI data, the probability that the U.S. Federal Reserve will raise interest rates by 50 basis points in December has risen to 15.3%.

After the release of U.S. October inflation data, according to CME’s FedWatch tool, the probability that the Federal Reserve will hold interest rates steady in December stands at 0%. The chance of a 25 basis point rate hike is 84.7%, while the probability of a total 50 basis point rate hike is 15.3% (previously 1.1%). For next January, the probability of the Fed keeping rates unchanged is 0%, the probability of a total 25 basis point rate hike is 43.9%, a total 50 basis point rate hike is 48.8%, and a total 75 basis point rate hike is 7.4%.

6 minutes ago

Pre-market news roundup for US stocks: US inflation data comes in higher than expected, Anthropic common stock set to begin trading next Thursday.

Key pre-market news for U.S. stocks on Tuesday is as follows: 1. U.S. October seasonally adjusted CPI month-on-month rate came in at 0.4%, against an expected 0.3%; 2. Google has released an emergency Chrome security update to patch a zero-day vulnerability exploited in the wild, urging users to upgrade immediately; 3. Federal Reserve Governor Waller stated he will support a 25 basis point interest rate hike next month, and a 50 basis point hike if necessary; 4. Apple has completed a $7.5 billion corporate bond issuance; 5. Alibaba plans to spin off its T-Head Semiconductor unit and list it independently on the Hong Kong Stock Exchange; 6. Anthropic is expected to finalize its IPO price next Wednesday, planning to issue 825 million shares at $70 to $78 per share, with trading set to kick off next Thursday; 7. Seven companies including Google, NVIDIA, AMD, Broadcom, Micron, Microsoft and TSMC will invest $26 billion in Anthropic via private placement at the IPO price; 8. U.S. spot Bitcoin ETFs recorded a net outflow of $201 million yesterday, while spot Ethereum ETFs saw a net outflow of $184.6 million.

6 minutes ago

Nasdaq 100 Index futures fell 1.5%, hitting a pre-market low.

According to data from the BIT Stock Platform, Nasdaq 100 Index futures fell 1.5%, hitting a pre-market low.

6 minutes ago

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