Techmeme
October 26, 2025, 12:00 AM

Top News

Bloomberg:
How Changpeng Zhao's pardon frees him to refocus on reclaiming ground in the US market, where Binance.US only has a 0.75% share of bitcoin trading volume  —  Hours after receiving a pardon from President Donald Trump, Binance Holdings Ltd.'s billionaire co-founder Changpeng Zhao issued a thank …
The Information:
Sources: OpenAI is developing AI tools to generate music from text and audio prompts, including capabilities such as adding guitar accompaniment to vocal tracks  —  OpenAI recently made a splash with artificial intelligence that generates short videos from text prompts—say, a scene from …
Valida Pau / The Information:
Sources: AI chip startup SambaNova is exploring a sale after it struggled to complete a fundraising round; SambaNova was last valued at $5B in 2021  —  Artificial intelligence chip startup SambaNova Systems is exploring a sale, after it struggled to complete a fundraising round, according to people with direct knowledge of the matter.
Alex Scott / Chemical & Engineering News:
Glasgow-based Chemify, which combines AI with robotics and chemistry to rapidly make novel molecules for pharmaceutical companies, raised a $50M Series B  —  Scottish firm will use the cash to advance its AI platform and robotics system to rapidly make novel molecules
RT Watson / The Block:
Pave Bank, which lets businesses manage both fiat and digital assets in real time, raised a $39M Series A led by Accel, with Tether and others participating  —  - Pave Bank raised $39 million in a Series A funding round led by Accel, with participation from Tether Investments, Wintermute, and others.
Aigerim Turgunbaeva / Reuters:
Kyrgyzstan launches a national stablecoin and a CBDC in partnership with Binance; CZ says a national cryptocurrency reserve includes Binance's BNB token  —  Kyrgyzstan has launched a national stablecoin and a central bank digital currency in partnership with cryptocurrency exchange Binance, President Sadyr Japarov said on Saturday.
Bloomberg Law:
President Trump picks Michael Selig, the chief counsel for the SEC's crypto task force, to chair the CFTC, amid a crypto push  —  President Donald Trump has picked Michael Selig to chair the Commodity Futures Trading Commission, according to an administration official, who asked not to be identified discussing personnel matters.
CTech:
Crypto infrastructure provider Fireblocks acquires Dynamic, which streamlines crypto wallet setup, authentication, and onboarding for 50M+ accounts, for ~$90M  —  The Israeli digital asset firm, valued at $8 billion, broadens its platform amid industry-wide stablecoin momentum.
Forbes:
A look at AI startups aiming to address loneliness among the elderly; a study predicts the AI market for aging and elderly care will grow to over $43B in 2025  —  The AI boom has brought with it a new crop of startups looking to build a business on an urgent but vaguely dystopian idea: solving loneliness among the elderly.
Bloomberg:
Sources: PayPal to take over Carlyle's stake in Shopware, a German provider of e-commerce tools to merchants, with PayPal's stake increasing to ~41% from ~11%  —  PayPal Holdings Inc. is taking over a stake in German digital commerce company Shopware AG from a Carlyle Group Inc. fund, according to people with knowledge of the matter.
More: PYMNTS.com

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Featured Podcasts

Channels with Peter Kafka:
"We're in a Race Against Time," Joe Kahn on Running the New York Times in the Age of AI Slop
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Hard Fork:
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More News

Wall Street Journal:

Earlier Picks

The Information:
Matt Day / Bloomberg:
Eliza Gkritsi / Politico: