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- Former FTX Europe chief targets U.S. tokenized stock trading with new SEC exemption
Perpetuals.com (PDC), a Nasdaq-listed fintech led by CEO Patrick Gruhn, a former FTX Europe executive, has filed notice to run a tokenized securities venue under the SEC's five-year innovation exemption. It is the second company to pursue this route, after the OKX–ICE joint venture OKXICE, which recently filed plans for round-the-clock trading of more than 60 tokenized U.S. stocks. The exemption requires tokens to carry the same shareholder rights as ordinary shares, including dividends and voting, and gives companies 30 days to object to their shares being traded. Trading would run through permissioned AMM liquidity pools on Kronos X Public, pairing tokenized stocks with USDC, and could start in mid-November at the earliest, though no firm date is set. The firm reported $65.2 million in total assets at the end of April and a $17.6 million net loss for its fiscal year.
- Satlyt, founded by a former Google and SpaceX product manager, raises $8M to run AI on satellites
Rama Afullo, a Kenyan American engineer who previously worked in Google's cloud business and briefly at SpaceX's Starlink, co-founded Satlyt, headquartered in Sunnyvale, California, and Nairobi, to build software that lets many satellites share large computing jobs in space. The company raised an $8 million seed round and does not plan to build its own spacecraft; its software is set to launch Thursday on a SpaceX rocket alongside the first prototype of Google's Project Suncatcher. The article reports that Satlyt's software has flown on two demonstration missions, and that on a Momentus spacecraft Google DeepMind's Gemma model cut the size of a transmission about onboard software errors by more than 60%, which Afullo says can save hundreds of thousands of dollars per satellite each year. The upcoming mission uses hardware from TakeMe2Space and involves three customers: NASA, Stellerian and TakeMe2Space itself.
- Othello Raises $8 Million for Real-Time AI Sales Coaching During Live Calls
Othello, an applied AI lab building models for live sales calls, raised $8 million in seed funding from a16z speedrun, Owl Capital and Long Journey Ventures, with angel investors including co-founders of DoorDash, Ripple and Hugging Face. Its in-call coaching runs on its proprietary Hamlet model and delivers live suggestions in under 500 milliseconds, such as the next discovery question, missed MEDDPICC or Challenger steps, and how to handle objections, shown as pop-ups in any online meeting without joining as a participant. The product is deployed at over 50 large enterprises, including several Fortune 500 companies, with customers such as Microsoft, Capital One and Lyft. Gartner predicts that by 2028, 60% of B2B seller work will be executed through conversational user interfaces, up from less than 5% in 2023.
- Citigroup Raises Its 12 - Month Price Target for Bitcoin to $113 , 000 . These Are the 3 Catalysts Investors Need to Watch .
Citigroup raised its 12-month Bitcoin price target to $113,000 from $82,000 on Oct. 1, while the coin was trading at $81,700 as of Oct. 14, implying roughly 38% upside. The bank points to three catalysts: about $5 billion of spot ETF inflows over the next year, a supportive U.S. macro backdrop, and a possible pre-halving run-up. U.S. spot Bitcoin ETFs have drawn $57.2 billion in net inflows since January 2024, but saw $678.9 million in net outflows in the week ended Oct. 9. The Fed raised rates by a quarter point on Sept. 16 while describing economic activity as expanding at a solid pace, and the article notes that Treasuries yielding above 5.2% offer a competing return. The next halving is projected for April 4, 2028, and the article says past rallies ran in the 12 months before halvings, pointing to a run-up beginning around April 2027.
- Citigroup Raises Its 12-Month Price Target for Bitcoin to $113,000. These Are the 3 Catalysts Investors Need to Watch.
Citigroup raised its 12-month Bitcoin price target to $113,000 from $82,000 on Oct. 1. With Bitcoin at $81,700 as of Oct. 14, the target implies about 38% upside. The article highlights three catalysts: roughly $5 billion of expected ETF inflows over the next 12 months, although spot Bitcoin ETFs saw $678.9 million in net outflows in the week ended Oct. 9; a macro backdrop where a strong U.S. economy and Fed rate hikes could cut both ways, with the 10-year Treasury yield above 5.2%; and the April 4, 2028 halving, with the pre-halving run-up possibly starting around April 2027. It calls the target very plausible, while noting that near-term direction depends mainly on the economy and ETF flows.
- Strive raising $500 million to buy additional bitcoin with new preferred share class
Strive (ASST) is launching an IPO of a new perpetual preferred stock, SATS, offering a 15% fixed dividend. It aims to sell 5 million shares at $100 each, raising $500 million for bitcoin purchases, income-producing assets or stock buybacks. SATS ranks junior to the existing SATA preferred, which pays a variable rate currently at 13%, and the company plans a dividend reserve covering the first 18 months of SATS dividends at closing. Last week Strive bought 3,311 bitcoin, bringing holdings to 32,773 coins worth about $2.7 billion, up from below 20,000 coins three months ago.
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