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first_img Mining pool operator Spider Digital has signed a merger agreement with Starlink AI, valued at 250 million USD

Spider Digital Technology Ltd., a cryptocurrency mining pool operator headquartered in Singapore, announced that it has signed a definitive business combination agreement with Starlink AI Acquisition Corporation, a blank check company listed on the New York Stock Exchange (stock ticker OTAI), on October 30, 2026. The agreement sets the valuation of Spider Digital at $250 million to determine the merger consideration. Upon completion of the transaction, Spider Digital and Starlink AI will become wholly-owned subsidiaries of Spider Digital Technology Group, which is expected to go public in the United States after meeting applicable listing requirements and obtaining approval.According to the agreement, PubCo's wholly-owned subsidiary Merger Sub I will merge with Spider Digital, after which Merger Sub II will merge with Starlink AI, and both companies will continue to exist after their respective mergers. The completion of the transaction is subject to approval by both parties' shareholders, the effectiveness of PubCo's F-4 registration statement, approval for listing on the New York Stock Exchange, and other customary closing conditions. Spider Digital claims that it operates its own mining pool system and has independent block production capabilities, without sharing pool control or hash power scheduling rights with third parties. The company's founder, chairman, and CEO Chen Hua, along with Starlink AI's chairman and CEO Gus Liu, both commented on the proposed merger.

first_img eToro reached an agreement to acquire the Argentine financial application LB Finanzas

The Nasdaq-listed trading and investment platform eToro announced on November 4 that it has reached an agreement to acquire the Argentine comprehensive financial application LB Finanzas. The company stated that this acquisition will strengthen its presence in Latin America, with Argentina serving as a regional hub.LB Finanzas was founded in 2018 in Rosario and provides investment and account services within a single application for individuals and businesses, covering stocks, ETFs, crypto assets, and money market funds, as well as offering Argentine peso and US dollar accounts and payment solutions. The company has seen significant growth in user scale and trading volume, currently serving hundreds of thousands of users, regulated by the Argentine National Securities Commission and the Central Bank.eToro co-founder and CEO Yoni Assia stated: Both parties believe that everyone should have access to the tools and knowledge needed to grow wealth. By combining local expertise with eToro's global scale and products, we can advance faster and further in the region. LB Finanzas co-founder and CEO Camilo Cristia stated: For existing customers, current services will remain unchanged, and we will increase products and scale in the future. The transaction is subject to the completion of customary closing conditions and marks eToro's fourth acquisition in 2026; the company previously agreed to acquire the self-custody crypto wallet Zengo in April, acquired the Israeli crypto exchange Bit2C in May, and announced an agreement to acquire the US brokerage TradeZero in August.

OpenAI signed multiple AI cooperation agreements with Abu Dhabi

According to reports from the Abu Dhabi Media Office and CNBC, OpenAI CEO Sam Altman met with Abu Dhabi Crown Prince and Chairman of the Executive Council Sheikh Khaled and witnessed the signing of multiple cooperation agreements with Abu Dhabi, covering areas such as energy, investment, and government.In the energy sector, Abu Dhabi National Oil Company ADNOC, G42's Inception42, and OpenAI reached an agreement to deploy OpenAI's cutting-edge models in ADNOC's operations, making it the first company in the energy industry to implement this technology; the related capabilities are based on the GPT model and utilize inference infrastructure within the UAE. In terms of investment, the sovereign investment fund Mubadala, Inception42, and OpenAI agreed to use advanced AI for investment analysis, opportunity identification, and risk assessment.On the government side, the Abu Dhabi government and OpenAI launched the "Machine-Readable Government" initiative, converting some policies and regulations into machine-readable formats to assist with routine assessments such as licensing and compliance, while final decision-making remains the responsibility of government officials.Additionally, according to a press release, Inception42 and OpenAI also signed a five-year agreement to promote cutting-edge AI in the UAE's government, business, and education sectors. CNBC reported that OpenAI is seeking to raise up to approximately $20 billion in a new round of financing, led jointly by UAE investors.

Informed sources: The Iranian representative has left Doha, and a draft agreement "aimed at ending the U.S.-Iran war" is being circulated

According to a report by Reuters, an official familiar with the talks stated that the Iranian negotiating representatives left discussions with the Qatari mediators on Sunday, and a draft agreement aimed at ending the U.S.-Iran war is being circulated, with further meetings still possible. The official noted that the departure was not due to difficulties in the negotiations.Iranian Foreign Ministry spokesperson Baghaei confirmed that Deputy Foreign Minister Karibabadi had previously exchanged information with Washington through Qatari mediation in Doha, and the current discussions are still based on the "seven-step plan" proposed by Iran in September. The core of this plan includes the U.S. ending its blockade of Iranian ports, Iran reopening the Strait of Hormuz, the U.S. granting exemptions for Iranian oil exports, and canceling recent new sanctions, among other points. Baghaei stated that the plan could now be compressed to about two days for implementation, but the premise remains that the U.S. must meet Iran's conditions; when asked if the transfer of high-enriched uranium stocks was discussed, he explicitly denied it.Reports indicate that on Monday, oil prices fell nearly 4% due to external hopes for this round of mediation, but sources from Iran believe that the likelihood of a new round of U.S. military strikes remains higher than reaching an agreement. Chinese Foreign Minister Wang Yi and the Russian Foreign Ministry both called for a political solution and opposed the resumption of military actions on the same day. U.S. President Trump had previously rejected Iran's original seven-step plan and stated that there would be no new attacks on Iran before the midterm elections.
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