Odaily reports that Lorenzo Valente, Director of Digital Asset Research at Ark Invest, stated that despite Bitcoin's lackluster or even declining performance this year, Ark Invest continues to view Bitcoin on a five-year cycle and believes it remains in its early stages. The rise of stablecoins has changed Ark Invest's assessment of the Bitcoin narrative in emerging markets, while the development of tokenized equities and real-world assets is also advancing. Valente also discussed the impact of interest rates, inflation, and AI on Bitcoin's macro outlook, and shared Ark Invest's outlook for Bitcoin over the next 12 to 18 months, the four-year cycle, and its 2030 price target.

Odaily News: Nvidia-backed AI infrastructure startup Upscale AI has officially launched its Token Fabric platform, aiming to enable customers to connect AI chips from different vendors within the same data center. The platform combines hardware and software and features equipment based on Nvidia's Spectrum-X technology, enabling interconnectivity across AI processors from multiple vendors.According to the plan, the first version of Token Fabric will be released in the fourth quarter of this year to connect AI chip clusters within data centers, with the full platform to be rolled out in phases by 2027. On the funding side, Upscale AI completed a $190 million extension round in June this year, led by Premji Invest, the investment firm of Indian billionaire Azim Premji, with participation from Nvidia, Salesforce, and Singapore's Temasek, among others. To date, the company has raised a cumulative $500 million at a valuation of approximately $2 billion. (Reuters)

Odaily News — Catalyst, a startup focused on building AI trading agents for everyday investors, has completed a $30 million seed round led by Sequoia Capital, with participation from Jump Trading, PeakXV, Lux Capital, AntiFund, Coinbase, and Premji Invest. Founded in 2025, the company is dedicated to building AI trading agents for retail investors that can convert natural language into trading strategies and execute them, with human confirmation required in the process. Earlier pilot tests generated hundreds of millions of dollars in trading volume within weeks. Catalyst says its pilot program generated hundreds of millions of dollars in trading volume within weeks, and it is gradually opening up its waitlist, with the product expected to launch broadly. (Fortune)

1. Spot Bitcoin ETFs recorded a total net outflow of $487 million yesterday, with BlackRock's IBIT leading at $208 million in net outflows;2. Spot Ethereum ETFs saw a total net outflow of $161 million yesterday, marking 7 consecutive days of net outflows;3. Manus completes a new funding round of over $500 million;4. Binance CEO: Demand for tokenized stocks and private market products is strong, but information flow remains an obstacle;5. MakerDAO's legacy auction contract exploited, attacker drained 200 ETH worth over $500,000;6. TRUMP co-founder: Developing TRUMP-themed games and TV shows, seeking to acquire a themed amusement park;7. Ark Invest reduced its Robinhood holdings by approximately $16.63 million yesterday;8. Canton CEO says the crypto industry should solidify use cases before 2028 to adapt to U.S. policy changes;9. First Digital plans to go public on Nasdaq via reverse merger at a $250 million valuation, expected to complete in the first half of 2027;10. Vitalik: The ideal security rule for multisig is to rotate signer keys after every operation;11. Galaxy Research: Some of the BTC transferred by the U.S. government to Coinbase Prime came from untagged addresses, with LuBian and Bitfinex assets accounting for 71% of holdings;12. National stablecoin USDKG ceases operations, Kyrgyzstan to liquidate issuer EVA and Coin Nomad Exchange.

Odaily News: According to Ark Invest Tracker, Cathie Wood's Ark Invest sold 151,903 shares of Robinhood stock (approximately $16.63 million) yesterday.

Odaily News: ARK Invest CEO Cathie Wood said that when investors assess the next wave of technology trends, they should shift from focusing on where developers spend their time to tracking the spending behavior of AI Agents — that is, observing which services autonomous software pays money to. As AI Agents evolve from answering questions to autonomously executing tasks, the market needs to pay attention to how these agents choose services, complete transactions, and where funds flow. In the future, payment activity generated by AI Agents may reflect real technology adoption more than product launches themselves.Predicting market developments for 2027, Cathie Wood said that OpenAI, Anthropic, and NVIDIA will continue to be at the core of AI infrastructure competition, while compute supply, energy, capital investment, and model reliability will remain key constraints on industry expansion. If AI Agents have already begun autonomously selecting services and making payments, then tracking their money flows could become an important way to measure AI commercialization progress. (CrowdFundInsider)

Odaily News: According to SoSoValue data, yesterday (October 5, US Eastern Time), Bitcoin spot ETFs saw a total net outflow of $89.8978 million.The Bitcoin spot ETF with the largest single-day net inflow yesterday was BlackRock's ETF IBIT, with a single-day net inflow of $69.8530 million. IBIT's historical total net inflow has now reached $65.802 billion.The Bitcoin spot ETF with the largest single-day net outflow yesterday was Ark Invest and 21Shares' ETF ARKB, with a single-day net outflow of $85.2054 million. ARKB's historical total net inflow has now reached $1.316 billion.As of press time, the total net asset value of Bitcoin spot ETFs is $110.773 billion, the ETF net asset ratio (market value as a proportion of Bitcoin's total market value) has reached 6.43%, and cumulative historical net inflows have reached $57.698 billion.

Odaily reports: Cathie Wood, founder of ARK Invest, stated that cost declines brought by innovation platforms such as AI will gradually transmit to the broader economy, boosting productivity and corporate profitability, and pushing inflation below levels expected by most investors—what is known as "good deflation."Cathie Wood believes that AI inference costs are currently falling 99.99% annually at constant performance levels. Meanwhile, OpenAI's annualized revenue run rate has grown from $20 billion to $70 billion, indicating that cost declines are driving rapid demand growth. ARK Invest expects real GDP growth could reach the high single digits, although this forecast seems "crazy" to most people; in a stronger real growth environment, interest rates could actually rise.

1. US SEC proposes clarifying crypto asset custody rules for investment advisers and funds;2. Foreign media: Anthropic seeks IPO as early as mid-November, and plans to meet with potential investors on October 14;3. Citi raises its 12-month Bitcoin price target to $113,000;4. VanEck ETF wallet sells BTC and ETH worth approximately $10.76 million through Gemini;5. Ethereum Foundation launches zkAPI to support anonymous payments for AI API fees;6. Cathie Wood: ARK Invest's ETF strategy has incorporated Kalshi;7. A cumulative $4.29 billion worth of HYPE has been burned, with Hyperliquid burning another $1.8 million in the past 24 hours.

Odaily News: Cathie Wood stated that ARK Invest's ETF strategy has included Kalshi, a privately held prediction market platform. Cathie Wood noted that Kalshi's management team has performed exceptionally well and expressed optimism about its development in the prediction market sector.