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October 25, 2025, 11:50 PM
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memeorandum
WeSmirchTop 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 …
More: crypto.news, NewsBTC, U.S. House Committee …, Politico, The Coin Republic, Inside Bitcoins, Cointelegraph, Bitcoin Insider, Unchained, CoinDesk, Benzinga, and Watcher Guru
X: @cz_binance and @namdar
| 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 …
More: TechCrunch, The Decoder, Digital Trends, and WinBuzzer
X: @cleanzmedia, @ideafaktory, @_mrosenfield, @xinsidercrypto, @nearcyan, @tegmark, @yoemsri, @herbiebradley, @mpawlo, @andrewcurran_, @deryatr_, @vraserx, @_simonsmith, @thisismarkpaul, @synthwavedd, @kimmonismus, @jasonbotterill3, @obie, @doomslide, @cgoodman308, @btibor91, and @rileybrown_ai
Bluesky: @jtbutthead, @justincoke, @edzitron.com, @veryrecent1, @paulwaldman, and @wowbaggert. Forums: r/singularity
| Will Oremus / Washington Post: |
A profile of Wikipedia co-founder Larry Sanger, who left in 2002 and whose claims that Wikipedia has a liberal bias are fueling the right's campaign against it — Larry Sanger's long-standing claims of liberal bias and mismanagement at the world's dominant online encyclopedia are being enthusiastically embraced on the right.| 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
More: Business Wire, Silicon Canals, UK Tech Investment News, Pulse 2.0, and Unite.AI
X: @kiranshaw, @andrewe_dunn, @wing_vc, and @kiranshaw
LinkedIn: Chemify Limited, Scottish Enterprise, Jamie Macfarlane, and Andrew Dunn
| 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.
More: The Economic Times, DealStreetAsia, Entrepreneur, Forbes, Tech in Asia, FinTech Global, TNGlobal, FinTech Global, and NewsBTC
X: @simonvc and @accel_india
| Katrina Bianca Cuaresma / DealStreetAsia: |
Singapore-based wealth management platform Endowus raised $70M+, bringing its total funding to $130M+, and says the new capital will boost its AI advisory tools — Singapore-based wealth management platform Endowus has raised over $70 million in fresh funding to finance expansion and AI-driven capabilities … | 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.
More: CoinDesk, 24.kg, Cointelegraph, Bitcoin Insider, The Block, CryptoNinjas, Modern Diplomacy, CoinGape, Coinpedia Fintech News, and Bitcoinist.com
X: @cz_binance, @cz_binance, and @realyanxin
| 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.
More: CoinDesk, Fireblocks, The Block, Cointelegraph, FinTech Global, Bloomberg, Tech in Asia, Globes, and FinTech Global. LinkedIn: Itay Frishman
| 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.
More: Inside Bitcoins, CoinGape, NewsBTC, DL News, Coinspeaker, Cryptonews, Bitcoin Insider, Coinpedia Fintech News, BeInCrypto, Cointelegraph, Decrypt, Blockonomi, Bitcoin Magazine, Reuters, Blockworks, The Block, and Crypto Briefing
X: @cdixon, @billhughesdc, @xethalis, @xethalis, @xethalis, @xethalis, @xethalis, @milesjennings, @perkinscr97, @rleshner, @digitalchamber, @0xfoobar, and @jacobrobinsonjd. LinkedIn: Carl Kennedy
| 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.
LinkedIn: Jessi Gormezano, Krzysztof Ostrowski, Rashi Shrivastava, Forbes, and Richard Nieva
Bluesky: @derscheid, @kathleen.loadingreadyrun.com, @realjmw, @ndrew, @eotimpulse, @alexarrelia, @rovaz, @jarjarfan69, @tbiguy, @dulanyw, @edzitron.com, @guillotineshout, @dixonij, and @andrewmceo. Mastodon: @[email protected]
| Reuters: |
Xiaomi says surging memory chip prices have raised the cost of making smartphones, after pricing of its new Redmi K90 series disappointed Chinese consumers — Chinese smartphone manufacturer Xiaomi (1810.HK) on Friday said surging memory chip prices have raised the cost of making handsets …
More: Tom's Hardware, MarketWatch, Benzinga, Moneycontrol, Gizchina, and Xiaomiui.Net
| Natalie Lung / Bloomberg: |
Grab is investing an undisclosed amount in May Mobility as part of a multiyear deal, which includes bringing robotaxis to Southeast Asia as soon as 2026 — Grab Holdings Ltd., Southeast Asia's largest ride-hailing and delivery company, is backing driverless technology developer May Mobility Inc …
More: Automotive World, May Mobility, CleanTechnica, PhocusWire, and Austin American-Statesman. LinkedIn: Tom Tang
| 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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