river

According to the Russian newspaper "Kommersant," Russia's PSB Bank has applied to the court to declare Igor Runets, the founder of the large cryptocurrency mining company BitRiver, personally bankrupt, seeking to recover approximately 773 million rubles.PSB stated that Runets had guaranteed loans for BitRiver's subsidiary BitRiver-B, and since the borrower failed to repay the debt on time, Runets must bear joint liability. In February of this year, Runets was placed under house arrest by the court for allegedly concealing funds or assets that could be used to recover unpaid taxes. Currently, some companies under the BitRiver group have also entered bankruptcy observation procedures.

According to Barron's, Robbie Mitchnick, head of BlackRock's digital asset business, stated that since regulators approved the physical creation and redemption of crypto assets last year, the company has recorded approximately $3.6 billion in physical conversions of directly held Bitcoin into shares of its spot Bitcoin ETF, IBIT. Since BlackRock does not handle all transactions itself and may not see every conversion, the actual scale may be larger.BlackRock also provides physical conversions for the iShares Ethereum Trust ETF and the iShares Staked Ethereum Trust ETF, but the related scale is much smaller than IBIT. Mitchnick noted that demand continues to rise, and this is currently the highest level of interest the company has seen, which does not change with Bitcoin price fluctuations. The primary motivation is security and peace of mind. Outsourcing custody to an institutional-grade cold storage model is more attractive for holders; holding ETF shares managed by large fund managers is generally seen as less risky than placing assets on crypto trading platforms or in always-online hot wallets.He mentioned that the recent hacking incident at Binance has once again highlighted the risks of trading platforms, although large Bitcoin holders have long understood these risks. The minimum threshold for physical conversions has been reduced from the initial approximately $30 million to about $1 million to $2 million, with the threshold set by intermediary firms facilitating the transactions, such as Galaxy Digital, Talos, and Virtu. Mitchnick expressed hope that the threshold could be lowered to a single ETF share, but the cost structure is unlikely to drop to zero in the short term.

After a field visit to the Yuanjing Star River base in Ulanqab, Inner Mongolia, the American semiconductor research organization SemiAnalysis stated that the construction cost of this Chinese AI data center park may be only one-fifth of similar projects in the United States. The first phase of the Star River base, with a capacity of 120MW, was completed and delivered in less than a year. On August 6 of this year, the infrastructure for the first phase was completed, and the wind power and energy storage company Yuanjing Technology announced that the base officially commenced production. After nearly three months of electromechanical debugging and deployment of computing power equipment, the first phase of the approximately 200MW project was fully delivered to customers by the end of October.The entire park is planned to reach an IT power supply capacity of 800MW by the end of 2027, comparable to the approximately 820MW planned for OpenAI's Stargate Abilene core park, which is expected to reach this scale by the end of 2026. Stargate is a data center construction plan covering multiple states, with an initial goal of implementing 10GW of AI infrastructure capacity in the United States by 2029. In April of this year, OpenAI announced that it had secured over 10GW of planned capacity ahead of schedule, but these data centers have not all been completed and put into operation.Yuanjing Technology integrates power generation, energy storage, power supply, and data center construction, having built two wind farms with a total installed capacity of 420MW and supporting battery storage, aiming for over 60% of the electricity used by the first two phases of the data center to come from its own wind power. In contrast, the American Stargate Abilene park mainly relies on the grid and on-site gas-fired power generation facilities for electricity. Yuanjing has already operated an 800V high-voltage direct current system in a 5MW machine room, directly converting 10kV alternating current into the direct current required for server cabinets. The park also employs a cooling design that does not require central chilled water units, allowing liquid-cooled and air-cooled servers to share a single water circulation system.

Securitize has signed an agreement to acquire the asset-backed financing platform River One, planning to combine its financing technology with tokenization infrastructure, with the transaction expected to be completed in the fourth quarter of 2026.

According to The Block, the prediction market broker River Markets stated that its affiliate River Finance LLC has registered as a Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) in the United States and has joined the National Futures Association (NFA), allowing it to hold customer accounts and manage customer funds.River Markets is building a primary brokerage platform for prediction markets aimed at institutional traders, planning to enable clients to manage funds, positions, and risks across multiple exchanges and clearinghouses through a single account, and to support financing arrangements and approved over-the-counter trading.The company was established in May of this year and claims to have transferred over 250 million contracts for clients such as hedge funds and proprietary trading firms, having previously completed a $8.5 million seed round of financing.

Wall Street market maker and quantitative trading giant Hudson River Trading (HRT) has begun trading on the prediction market platform Kalshi, becoming one of the institutional trading firms to enter the prediction market after Jump Trading and Susquehanna International Group.Insiders revealed that HRT started trading on Kalshi about a month ago, with the relevant business managed by its futures team, primarily participating in the platform's "Up-Down Markets," which are contracts that settle based on the price increase or decrease of an asset over a short period. Currently, it has not ventured into sports and other non-financial event contracts. Additionally, HRT is also one of the participants in Kalshi's latest round of $1 billion financing, which values Kalshi at $40 billion.

According to the official announcement from Cross River, Cross River has collaborated with Offchain, the development company of Arbitrum, to directly integrate tokenization features into Cross River's lending platform, allowing assets issued by the platform to be financed, held, and transferred on Arbitrum One from the moment of creation.The announcement states that borrowers' applications, financing, and repayments will still be conducted through the existing customer interface, with the underlying ZeroDev wallet infrastructure embedded. Cross River remains a regulated bank and lender, and tokenization will not change the standards for loan underwriting, risk management, or compliance.Both parties have completed a proof of concept for loan tokenization and are advancing towards production deployment, with a target date of early 2027.

The Bitcoin financial services platform River released a report stating that enterprises will be the largest buyers of Bitcoin in 2026, having net increased their holdings by 193,000 this year, bringing their total holdings to 1.64 million, accounting for approximately 7.8% of the supply. During the same period, the total amount spent by enterprises was $15.7 billion, a decrease of about two-thirds compared to the same period in 2025.The report states that Strategy and Strive together increased their holdings by 197,000, exceeding the total net purchases by enterprises; as of October, Strategy alone holds 848,000. Other Bitcoin treasury companies collectively purchased only 8,000, and the number of related companies decreased this year after growing sixfold in 2025. Large miners sold 32,800 this year, primarily for building artificial intelligence infrastructure. The number of publicly traded companies holding Bitcoin increased by 10% over the past year, with Robinhood and SpaceX going public in June and disclosing over $1.5 billion in Bitcoin holdings.River stated that its more than 4,000 corporate clients, in a survey conducted in September 2026, on average allocated 20% of their net profits to purchasing Bitcoin, with Bitcoin accounting for 39% of their treasury holdings. In terms of payments, approximately 1 million businesses in the United States can accept Bitcoin, with nearly 30,000 having completed payments, an increase of 36% this year. Block had launched native Bitcoin payments on the Square point-of-sale network in November 2025.

According to the official announcement, Gate will hold an F1 Red Bull driver meet-and-greet during TOKEN2049 in Singapore on October 7. As the official sponsor of the F1 Red Bull Racing team, Gate invites F1 World Champion and Red Bull Racing driver Max Verstappen along with teammate Isack Hadjar to appear at the Gate Lounge, where they will interact with fans through signing sessions and photo opportunities.According to the event schedule, the meet-and-greet will take place on October 7 from 18:30 to 19:30, with both drivers present at the same time, allowing guests to complete signing and photo sessions in turn. This event is also part of Gate's series of activities at TOKEN2049 Singapore, where Gate aims to further expand the connection between digital assets and global sports and popular culture through cross-industry collaboration with top motorsport.From October 7 to 8 during TOKEN2049 in Singapore, Gate will also set up a brand booth and exclusive Lounge on-site. Gate's founder and CEO Dr. Han will deliver a keynote speech on the main stage of the event. Through the global influence of the F1 Red Bull Racing team, Gate will extend the reach of its digital asset brand into a broader international sports context, further promoting the exchange between Web3 and mainstream culture.

The two-day AI Summit (China·Chongqing Station) hosted by Star River has successfully concluded on September 29, 2026. Star River founder Jemmy, co-founders River He and Bison Liu attended the summit and engaged in in-depth discussions with the guests present.This summit focused on cutting-edge innovations in the AI industry, discussing the implementation of technology applications and the construction of industrial ecosystems. Several industry guests shared the latest practices and thoughts on the implementation of AI in the industry. DGrid AI participated in the topic discussions as a partner. DGrid AI is a decentralized AI intelligent reasoning network that provides developers with low-cost, verifiable AI multi-model calling services through a unified access layer, which attracted attention on-site.Participants engaged in in-depth discussions on topics such as the implementation of AI technology applications, the construction of developer ecosystems, and collaborative innovation in the industry, reaching multiple consensuses. The organizer, Star River, stated that it will continue to build industry exchange platforms in the future to promote AI technology innovation and industrial implementation.

The AI Summit (China·Chongqing Station) hosted by the renowned Asia-Pacific incubator Star River is about to open, with the event scheduled for September 28, 2026. Star River founder Jemmy, co-founders River He and Bison Liu will attend the summit.This summit focuses on cutting-edge innovative technologies in the AI industry, conducting in-depth discussions around the application of AI technology and the construction of industrial ecosystems. DGrid AI, as a partner of this summit, will participate in discussions on relevant topics. DGrid AI, as a decentralized AI intelligent reasoning network, provides developers with low-cost, verifiable AI multi-model calling services through a unified access layer.The summit gathers industry peers and sincerely invites AI enthusiasts from all walks of life to come and exchange ideas, jointly exploring new opportunities in the AI industry and promoting collaborative innovation and development in the industry.

Bitcoin financial services company River released a report written by Sam Baker, stating that the traditional 60/40 stock-bond portfolio is no longer applicable and recommending that long-term investors increase their Bitcoin allocation to up to 10%.The report indicates that from 1980 to 2020, the annualized return of this portfolio was about 5% to 15%, but inflation, debt, and the correlation between stocks and bonds have reversed, with U.S. Treasury bonds exceeding $40 trillion by August 2026. Simulations over the past decade show that by replacing part of the bonds with 10% Bitcoin, the portfolio's terminal value increased from $25,364 to $60,595, with the maximum drawdown only increasing by 6 percentage points. As of August 2026, Bitcoin accounts for about 0.5% of global financial assets.

According to token unlock data from the crypto asset data platform RootData, River (RIVER) will unlock approximately 1.56 million tokens at 0:00 on September 22, Beijing time, worth about 1.86 million USD.

Crypto KOL Him, in response to the community's question about whether an airdrop plan will be launched this week, stated that the airdrop will be conducted manually and in phases, targeting loyal users and contributors, similar to the Black Bull / Ansem style. He also mentioned that in the later stages of the airdrop, almost the entire token supply he holds will be distributed.According to GMGN market data, the market capitalization of the Robinhood chain meme coin COPPERINU has surpassed 18 million USD, currently reported at 18.1 million USD.It is understood that COPPERINU was deployed by the Pons Vault developers, who sent 40% of the tokens to crypto KOL Him's wallet. Him stated that he accepted the token because it was deployed by the Pons Vault developers and intends to incorporate mechanisms such as staking, claiming, and burning around the token, while using the obtained tokens for community airdrops.

According to River statistics, there are 49.6 million adults in the United States who own Bitcoin, which is nearly 21 million more than the 28.8 million who own gold.

Hudson River has signed a multi-billion dollar artificial intelligence deal with Coreweave (CRWV.O).

According to token unlocking data from the crypto asset data platform RootData, River (RIVER) will unlock approximately 560,000 tokens at 0:00 Beijing time on August 22, worth about 1.47 million USD.

Polymarket founder Shayne Coplan announced on August 12 on the X platform that Travis VanderZanden has joined Polymarket as Chief Growth Officer.It was reported that Travis V. previously served as the Head of Driver Growth at Uber, Chief Revenue Officer at Yammer, and founded and served as CEO of the bike-sharing company Bird.

According to Fortune, the prediction market trading infrastructure startup River Markets announced the completion of a $8.5 million seed round financing, led by Haun Ventures, with participation from Y Combinator, Coinbase Ventures, and Qube Research Technologies.The new funds will primarily be used to expand the engineering team, enhance the speed and security of the trading system, and grow institutional clients, while also developing new tools to support large-scale fund management and cross-platform trading.In recent years, prediction markets have attracted the attention of institutional investors. Industry platform data shows that institutional trading demand is rapidly increasing. For example, the prediction market platform Kalshi previously stated that its institutional trading volume grew by approximately 800% within six months. Meanwhile, market participants have begun to hedge risks through prediction markets, including establishing trading positions around real economic variables such as carbon emission allowances and GPU rental prices.

According to the official announcement, River AI, founded by xAI co-founder Igor Babuschkin, has completed a $1.1 billion financing round, led by General Catalyst and AMP, with strategic investments from NVIDIA and AMD. Other investors include Y Combinator and Temasek.River AI stated that the current financing will be used to accelerate the development of its personal AI technology stack. The company also revealed that its training API has been launched and is now in practical use.