Crusoe signed a $13 billion AI cloud deal with Jane Street while closing a $3 billion funding round at a $30 billion valuation. Meanwhile, US spot Bitcoin ETFs drew $730.9 million in daily net inflows as Bitcoin passed $80,000, and green bond issuance reached a quarterly record of $193 billion. Additionally, Berkshire Hathaway detailed an AI strategy combining data center power supply with a $36 billion Alphabet stake.
01Company specific
Crusoe Secures $13 Billion AI Cloud Deal with Jane Street
Quantitative trading firms bidding directly against hyperscalers for raw compute transforms algorithmic trading from a financial consumer into a core driver of specialized AI infrastructure valuation.
Crusoe signed a five-year cloud contract valued at roughly $13 billion to supply quantitative trading firm Jane Street with graphics processing units and infrastructure. Under the agreement, Jane Street will access Crusoe cloud clusters for model training and inference. The deal coincides with a funding round where Crusoe raised more than $3 billion at a of approximately $30 billion. Atreides Management and Valor Partners co-led the financing, which included participation from Mubadala . The capital injection triples the private valuation Crusoe commanded less than a year prior when it raised $1.38 billion at a $10 billion valuation. Financial firms are increasingly competing with hyperscalers for scarce compute resources to run complex trading and modeling operations. Crusoe previously established contracts with Meta Platforms and Oracle as it expanded past its origins in energy-flared mining.
Crusoe Valuation Growth ($B)
Crusoe's valuation tripled to 30 billion dollars in less than a year
Global Markets React to Solid US Jobs Data and Fed Comments
Strong employment growth shifts bond market pricing toward monetary tightening, raising discount rates across equities while strengthening currency flows at the expense of dollar-denominated commodities.
U.S. employers added 162,000 jobs in August, exceeding the 56,000 additions forecast by economists and rebounding from an upwardly revised 21,000 rise in July. The held steady at 4.1 per cent. Short-term interest-rate imply a 65 per cent chance for a at the 's September 15 to 16 meeting, up from about 55 per cent before the report. yields and the dollar rose initially following the release, while the eased 6.06 points to 7,741.65. The 10-year Treasury rose 1.21 to 4.774 per cent. prices slipped as U.S. crude dropped 1.6 per cent to $89.87 a and lost 1.3 per cent to $94.26 per barrel. Spot fell 1.2 per cent to $4,418.09 an ounce.
Bank of Korea Study Indicates Dollar-Backed Stablecoins May Devalue Local Currencies
Central banks are discovering that global exchange order books effectively bypass domestic capital controls, forcing foreign exchange intervention costs directly onto market makers rebalancing local-fiat inventory.
coindesk.com reports that dollar-backed can weaken national currencies when global exchanges introduce direct fiat pairings, according to a Bank of Korea study. Researchers Jihyun Kim and Sangheum Cho found that listings on platforms like Binance allow investors to buy tokens such as USDT and USDC with local currency while market makers supply the . Those market makers then sell the local currency and buy dollars in the market to rebalance their inventories. For currencies paired on Binance, increased stablecoin buying pressure correlates directly with local currency . In Korea, which lacks a direct won-stablecoin pairing on Binance, buying pressure instead inflated local stablecoin premiums rather than moving exchange rates. Meanwhile, won purchases of stablecoins reached $64 billion in the 12 months through June 2025, cementing Korea as the largest local-currency stablecoin market in Asia-Pacific.
Bitcoin ETF Inflows Surge to $731 Million as BTC Reclaims $80K
Institutional spot ETF absorption of heavy holder profit-taking establishes a structural bid, though a rally powered by short covering reveals fragile underlying spot demand.
US-listed spot exchange-traded funds pulled in $730.9 million on Thursday, marking their largest daily haul in nearly eight months as Bitcoin reclaimed the $80,000 threshold. BlackRock's iShares Bitcoin Trust drove the buying with $454 million in inflows, capturing roughly 62% of the daily total. ARK Invest and 21Shares followed with $137.7 million, while Fidelity's fund added $74.4 million. VanEck and WisdomTree funds bucked the trend with outflows of $19.6 million and $5.2 million. The surge coincides with a broader advance driven largely by short covering rather than fresh spot demand, while analysts note that a decisive close above $83,000 is needed to confirm the new .
Spot Bitcoin ETF Net Inflows ($M)
BlackRock's fund drove 62% of Thursday's record inflows.
Green Bond Issuance Hits Record High Despite Market Challenges
Sustained growth despite greenwashing risks and regulatory friction shows environmental debt instruments are transitioning from niche reputational assets to permanent capital market fixtures.
oilprice.com reports that global green issuance reached a quarterly record of $193 billion in the second quarter of 2026, driven largely by European issuers. Labelled sustainable bond issuance rose 4 per cent year-over-year in the same period, though green bonds still account for only about 3 per cent of the global bond market. Regulatory complexities, high issuance costs, and greenwashing continue to limit faster sector growth. In 2012, global green bond issuance stood at $2.6 billion before expanding to $575 billion in 2023, with governments accounting for $190 billion of that total. Meanwhile, a UK proposal from the Commonwealth think tank suggests using government-backed financing to fund household rooftop solar and cut annual energy bills by at least £250.
Global Green Bond Issuance ($B)
Annual green bond issuance expanded from $2.6 billion in 2012 to $575 billion in 2023.
Berkshire Hathaway Strategy Outlines AI Investment Opportunities
Pairing regulated utility power delivery with direct hyperscaler equity lets an industrial conglomerate monetize artificial intelligence through both energy bottlenecks and software platforms.
cnbc.com reports that Berkshire Hathaway CEO Greg Abel outlined a dual-track strategy anchored by power infrastructure and a roughly $36 billion stake in Google parent Alphabet. Berkshire is positioning its operations to supply electricity to energy-hungry , provided those sales do not raise rates for existing customers. On the equity side, Berkshire deployed $10 billion to buy Alphabet shares directly this spring at a 6.5 percent discount during an $80 billion raise. Abel noted that the investment stems from a belief that artificial intelligence will profoundly reshape American business. Beyond technology, Abel reported that Berkshire will continue issuing yen-denominated to fund investments in Japan, despite the country's 10-year bond reaching a 30-year high above 3 percent. Berkshire plans to hold its stakes in Japan's five major trading houses for decades while exploring further international opportunities.
10-Year Sovereign Bond Yields (%)
U.S. 10-year yields remain well above Japanese rates.
SoFi and Kraken Partner on Stablecoins and 24/7 Settlement
Linking a bank-issued stablecoin directly to an exchange's institutional settlement network bridges crypto liquidity with regulated depository banking, reducing off-hours counterparty risk for fiat clearing.
SoFi and Kraken parent Payward formed a partnership that brings SoFiUSD to the exchange and connects Kraken to SoFi's 24/7 dollar settlement network. Under the agreement, SoFi will use Kraken Prime as an additional source of digital for trades made inside its app, which serves 15.8 million members. Meanwhile, Payward joins the SoFi Exchange Network, giving its institutional and business clients round-the-clock US dollar settlement and access to business banking services. SoFiUSD is a dollar-backed issued by SoFi Bank with reserves held in cash and short-term US Treasurys. The companies stated that qualified custody services could be added as the partnership expands.
Surging AI infrastructure deals and record crypto inflows reflect strong private and alternative asset demand. However, strong labor data raising Fed rate hike odds and greenwashing concerns leave the durability of high valuations unresolved.
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