Big Whales' Movements

Citrini analyst Jukan says Lumentum may have accepted deal over weak confidence in AI cycle

ChainCatcher reported that Citrini analyst Jukan commented on social media about the "Marvell acquisition of Lumentum" and said the only explanation for Lumentum management accepting the transaction is a lack of confidence in the current AI growth cycle. According to Jukan, they believe the market will collapse within the next two to three years. The remark was presented as Jukan’s view on the deal rather than a confirmed statement from the companies involved. No additional details on the transaction terms were provided in the source text.

Marvell Technology

18 hours agoNews Editor

Marvell and Lumentum fall more than 5% in intraday trading

Shares of Marvell Technology and Lumentum moved lower in intraday trading, according to data from MSX.COM. Marvell Technology (MRVL) was down 5.15% at $186.28, while Lumentum (LITE) fell 9.45% to $761.285. The move came after the two companies had previously announced a merger agreement. The report did not provide additional details beyond the quoted prices, percentage declines, and the earlier merger announcement. Odaily carried the market update as a brief technology-sector newsflash.

Bitcoin

18 hours agoNews Editor

Bitwise’s André Dragosch Says Bitcoin’s ‘Fair Value’ Is $197,000

Bitwise’s André Dragosch said Bitcoin’s current “fair value” stands at $197,000 based on his global money supply model, according to a Bitcoin Magazine program hosted by Spencer Nichols. In the discussion, Dragosch argued that Bitcoin often moves ahead of shifts in global liquidity and described it as the “canary in the liquidity coal mine.” The episode also covered recession risk, the Federal Reserve’s next move, and the idea that capital rotating out of precious metals could help Bitcoin catch up with money supply trends. Bitcoin Magazine’s chapter list shows the conversation also touched on rising French bond yields, tighter financial conditions, the dollar, an AI bubble, contagion risk in AI credit, China’s slowdown, whether Bitcoin could decouple from stocks, Bretton Woods III, Bitcoin as global money, reserve currency optionality, and Bitcoin-backed credit. The page states that the views expressed are those of the participants and do not necessarily reflect the official position of BTC Inc., Bitcoin Magazine, or affiliated entities. It also says the content is for informational and educational purposes only and does not constitute investment, legal, tax, or accounting advice.

Northwood Space

18 hours agoNews Editor

Northwood Space raises $375 million in Series C at a $2 billion valuation

Northwood Space said on Nov. 2, Beijing time, that it has closed a $375 million Series C round led jointly by Andreessen Horowitz and DFJ Growth, valuing the company at $2 billion. Founded in 2022, the company builds infrastructure technology for satellite-to-Earth communications, including antennas and software. Northwood Space’s co-founder and CEO, Bridgit Mendler, was previously an actor. The company had earlier raised a $100 million Series B in January 2026 and signed a contract worth nearly $50 million with the U.S. Space Force. According to the report, the new capital will be used to expand operations, hire staff, and fulfill existing contracts. The company has also reached a financial agreement with HSBC. Techub cited TechCrunch for the report.

Navro

18 hours agoNews Editor

UK fintech Navro secures Texas money transmitter license

UK fintech company Navro has received a money transmitter license from the Texas Department of Banking, according to Techub News, citing Finextra. The company is headquartered in London and focuses on payment orchestration services. The license adds a regulatory approval in Texas for the firm as it continues operating in the payments segment. No additional details were disclosed in the source about the scope of the license or rollout plans.

Strategy

18 hours agoNews Editor

Strategy plans up to $1.66 billion Series A perpetual preferred stock offering

Strategy said it plans to issue up to $1.66 billion of Series A perpetual preferred stock, according to a filing with the U.S. Securities and Exchange Commission. The securities carry a 10.00% coupon rate. The disclosure was cited by Odaily, and the source material did not provide additional terms such as timing, pricing mechanics beyond the stated amount and rate, or the intended use of proceeds. At this stage, the available information is limited to what was included in the SEC filing reference in the news brief.

trade.xyz

18 hours agoNews Editor

trade.xyz says GitBook documentation restored after unauthorized activity

trade.xyz said in a post on X that it found unauthorized activity affecting its GitBook documentation earlier today. The platform said the documentation was fully restored to its previous state at 9:15 a.m. Eastern Time. An investigation is still underway. trade.xyz also advised users not to click any links in the documentation and said it will provide further updates if needed. The disclosure was reported by Odaily as a policy and regulation newsflash.

US Stocks

18 hours agoNews Editor

U.S. stocks open higher as AI names gain, with TSMC up 2.03%

U.S. equities opened in positive territory, according to data cited by Odaily from MSX.COM. The Dow Jones Industrial Average rose 0.7% at the open, while the S&P 500 added 0.43% and the Nasdaq gained 0.65%. The VIX volatility index, often tracked as a fear gauge, fell 2.42%. AI-related stocks also moved higher in early trading. Taiwan Semiconductor Manufacturing Co. (TSMC) rose 2.03%, followed by Cognex at 1.96%, Baidu at 1.85%, Nvidia at 1.81%, and KLA at 1.78%. The report also noted that MSX is an RWA trading platform that has listed hundreds of RWA tokens. According to the platform description included in the item, those offerings cover popular U.S. stock and ETF token underlyings such as Nvidia, GOOGL, MSFT, AMZN, META, TSM, and AMD.