Odaily Planet Daily reports that digital asset infrastructure company BitGo has announced the completion of its acquisition of NYDIG's institutional trading business in a two-step merger. The total consideration was approximately $42.5 million, including $7 million in cash and approximately $35.5 million in BitGo stock. The business will integrate approximately 30 NYDIG employees and institutional client relationships into BitGo, providing derivatives, structured products, financing, and capital markets solutions to asset management firms, hedge funds, corporations, and family offices. The transaction also includes performance-based incentives, including a $10 million cash payment linked to a revenue milestone, and up to $5 million in cash and additional shares linked to a second milestone, as well as retention incentives for transferred employees. NYDIG will focus on power generation, Bitcoin mining, and high-performance computing data center businesses, with the company disclosing a development pipeline exceeding 3 gigawatts. BitGo recently completed its IPO on the NYSE, valuing the company at approximately $2 billion post-IPO, and launched the USDS token. (Decrypt)

Odaily Planet Daily reports that Serenity, the "white-haired stock market guru," has questioned Sivers Photonics' (SIVE) development strategy, arguing that the company is currently overly focused on the Swedish market, while US investors may be more concerned with its future growth potential and the actual economic value of its orders. Serenity states that US analysts are more likely to focus on the implications of Sivers' recent acquisition of two wafer fab capacity allocations, and how much revenue and operating leverage these capacities will correspond to given supply bottlenecks and rising ASPs (average selling prices). Furthermore, NPO/CPO, pluggable optical modules, the 2028 ramp-up of CPO manufacturers like Ayar, the ELS product collaboration with O-Net, and the scale and potential TAM (markets available for service) of the six new pluggable customers are also worthy of in-depth discussion. In contrast, the local market's focus is on "how to stop the bleeding," why private customers cannot be disclosed, why the company is focusing on transceivers, and what the "business opportunity pipeline" truly means, causing management to spend a significant amount of time responding to criticism rather than discussing future growth. Serenity believes that the more time Sivers invests in the Swedish market, the more its valuation is constrained by the investment logic of the Swedish market. Therefore, it needs to more actively demonstrate future growth opportunities and the economic value behind them to US investors.

According to Odaily Planet Daily, Arthur Hayes stated that investors should prepare to buy Bitcoin and expects it to perform well in the coming years. He believes that if the US continues to expand its money supply, the price of Bitcoin could eventually reach $250,000. Bitcoin has risen about 20% since mid-August, adding $300 billion to its total market capitalization within hours. Scott Bessent previously pledged support for the bond market, and this week the Treasury was accused of potentially using nearly $1 trillion from its general account to fund bond purchases. Xapo Bank investment manager Gadi Chait stated that Bitcoin rose about 23% last week, marking its largest weekly gain since March 2023; during the same period, US spot Bitcoin ETFs saw net inflows of about $1.9 billion, with record short liquidations further fueling the rally. (Forbes Digital Assets)

Odaily Planet Daily reports that Bitcoin News, in an article published on the X platform, stated that the Taliban government in Afghanistan has effectively banned Bitcoin and cryptocurrency trading nationwide, threatening to prosecute traders and related businesses. More than 20 crypto shops in Herat have closed, and at least 13 traders have reportedly been arrested. Monthly cryptocurrency inflows into Afghanistan have plummeted from a peak of over $150 million to less than $80,000. After Afghanistan was largely cut off from the global banking system, Bitcoin and stablecoins became important tools for savings and remittances. Taliban officials claim that digital assets are fraudulent and consider cryptocurrency speculation to be similar to gambling under Islamic law. Although these actions have compressed the visible cryptocurrency market in Afghanistan, Bitcoin can still be traded via the internet, private keys, and counterparties.