WuBlockchain

1 days ago

WuBlockchain roundup: Elliptic says 44% of stolen Binance funds frozen as BitMine and Strategy add to holdings

WuBlockchain’s Nov. 2 daily roundup covered a broad set of crypto developments, led by an Elliptic update on the laundering trail tied to the roughly $6.43 billion stolen from Binance. The blockchain analytics firm said the movement of funds has touched 11 blockchains, around 12,000 wallets and more than 40,000 transactions, with about $2.85 billion, or 44% of the total, frozen or seized. It also said the attacker began using CoinJoin on Nov. 1 to process about 28 BTC. The roundup also included fresh treasury disclosures from public companies. BitMine said it bought 8,573 ETH last week, lifting total holdings to 6,060,506 ETH, about 4.9% of total supply, with roughly 5.227 million ETH already staked. Strategy, in a filing with the U.S. Securities and Exchange Commission, said it purchased 811 BTC for about $65.5 million between Oct. 26 and Nov. 1 and separately repurchased $208.2 million of STRC preferred stock. Other items included a ZachXBT alert on a suspected theft of more than $106 million from an EU entity’s centralized exchange accounts, QCP Capital’s note on BTC price action after the Binance attack, and two cases released by China’s Supreme People’s Procuratorate involving virtual currency settlements tied to personal information crimes.

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Meta

1 days ago

Meta-Fourier humanoid robot tie-up described as a small prototype deal, not a major commercial order

Meta’s reported work with Chinese robotics company Fourier on the humanoid prototype Max has drawn attention as another sign that Big Tech is testing the humanoid robot market. But a separate account cited by Phoenix Technology paints a much narrower commercial picture. According to people in the industry quoted in the report, the arrangement is closer to an ODM project in which Fourier handled design and manufacturing, with only a handful of prototype units provided to Meta and Amazon Web Services. Those sources said the cooperation does not amount to a large order or a long-term joint development program, and may be better understood as Fourier absorbing costs to win marquee customers rather than securing recurring revenue. The report also said Meta has no timetable for mass production and is using Max only for internal experiments. Against that backdrop, attention has shifted to Fourier’s own position: despite completing a shareholding reform and raising nearly RMB 800 million in an E round in early 2025, the company has yet to file a prospectus or enter the tutoring record stage for an IPO, trailing several domestic robotics peers already in exchange review.

20

Coursera

1 days ago

Coursera posts 94% revenue jump after Udemy deal, but comparable sales still fall

Coursera reported third-quarter revenue of $377 million, up 94% year over year after consolidating Udemy, but the headline growth masked weaker underlying trends. On a comparable basis that includes both companies’ prior-period results, revenue fell about 3%, showing that the merger expanded scale without reversing pressure in the core business. Enterprise learning remained the company’s largest segment at $201 million, or 53% of total revenue, yet enterprise customer count slipped 4% to 11,897 and net revenue retention stood at 93%. Consumer comparable revenue dropped 9%, even as paid subscribers across the combined platform rose to 1.687 million, up 30%. Cost synergies are arriving faster than revenue recovery. Adjusted EBITDA reached $61.5 million, with margin improving to 16.3%, up 8.3 percentage points from a year earlier. Since closing the merger in May, Coursera has streamlined its structure, combined sales teams and cut overlapping functions. The company now expects more than $150 million in annualized gross cost savings by year-end, while its original $115 million annualized net synergy target could be achieved roughly eight months after closing. Still, merger and restructuring costs left Coursera with a GAAP net loss of $25.6 million. Management guided fourth-quarter revenue to $358 million-$366 million and said Project Helix, its AI-native skills platform planned for broad enterprise rollout in the first half of 2027, is not yet assumed to make a material revenue contribution in its early 2027 outlook.

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HugoHub

1 days ago

HugoHub launches first live deployment for a licensed bank as HugoBank opens pilot account

Singapore-based financial infrastructure platform HugoHub said its first live deployment for a licensed bank is now online. The rollout involves HugoBank, a licensed digital retail bank in Pakistan, which opened the first pilot customer account on the HugoHub platform on Sept. 25. The update was cited by Techub News, which referenced Finextra as the source. The item was categorized under technology developments. No additional operational details were disclosed in the brief.

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Iran

1 days ago

Iran says talks could begin within two days if U.S. meets its demands

Iranian Foreign Ministry spokesperson Baghaei said on Nov. 2 that a related plan could be launched within two days if the United States agrees to implement Iran’s demands. He said security in the Strait of Hormuz would be restored and the process of Iran-U.S. talks would begin as a result. Baghaei also said any indirect contact between Iran and the United States through intermediaries would be based on Iran’s proposed "seven-day plan." According to his remarks, Iran has shortened the implementation timeline "in good faith," while whether the plan can be realized depends on "the will and decision of the United States." The remarks were cited by Xinhua and carried by Odaily in a newsflash.

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Iran

1 days ago

IRNA says Iran’s supreme leader has authorized the government to negotiate

Odaily reported, citing the Islamic Republic News Agency (IRNA), that Iran’s supreme leader has authorized the government to enter negotiations. The brief did not identify the counterparties, the subject of the talks, or any timetable. The update was published as a 7x24 newsflash, with no additional details disclosed in the source text.

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Broadridge

1 days ago

Broadridge names Mike Cowley as head of global proxy business

Financial technology company Broadridge has appointed Mike Cowley as managing director of its global proxy business, with the appointment taking effect immediately. The update was carried by Techub News, which cited Finextra as the source. No additional details about Cowley’s background, the scope of the role, or the company’s broader business plans were disclosed in the brief announcement. The item was listed under the technology category.

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Iran

1 days ago

Reuters: Iranian negotiators leave Qatar-mediated talks as draft deal circulates

Iranian negotiators have left talks mediated by Qatar, but discussions have not collapsed, according to Reuters, which cited an official familiar with the meetings. The official said a draft agreement aimed at ending the U.S.-Iran war is circulating and that further meetings remain possible. Iranian Foreign Ministry spokesperson Baghaei confirmed that Deputy Foreign Minister Gharibabadi had exchanged messages with Washington in Doha through Qatari mediation, and said the current discussions are still based on Iran’s “seven-step plan” first proposed in September. The plan includes ending the U.S. blockade of Iranian ports, reopening the Strait of Hormuz, granting waivers for Iranian oil exports, and lifting recent sanctions. Baghaei said the plan could now be compressed into roughly two days for implementation if Washington meets Iran’s conditions, and he explicitly denied that any transfer of highly enriched uranium stockpiles was under discussion. Reuters also reported that oil prices fell nearly 4% on Monday on hopes tied to the mediation effort, although Iranian sources said the risk of a new U.S. military strike still exceeds the chances of a deal.

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