DENVER, Colo., Nov 03, 2025 (247marketnews.com)- Wall Street opened to a swirl of transformative headlines, as major developments in AI, blockchain, quantum computing, and defense tech fueled early optimism in global markets. From Currenc Group’s (NASDAQ:CURR) proposed reverse merger with Animoca Brands to IREN’s (NASDAQ:IREN) $9.7 billion AI cloud deal with Microsoft (NASDAQ:MSFT), the race to define the next era of digital infrastructure is accelerating.
Digital Assets Go Mainstream: Currenc + Animoca to Create a Nasdaq First
In one of the most significant proposed transactions in the Web3 and fintech sectors, Currenc Group (NASDAQ:CURR) announced it has entered a non-binding term sheet to acquire 100% of Animoca Brands in a reverse merger. Upon completion, the combined entity, to operate under the Animoca Brands name, would become the first publicly listed digital assets conglomerate, with operations spanning DeFi, gaming, RWA tokenization, and blockchain infrastructure.
Under the proposal, Animoca shareholders would hold roughly 95% of the merged company, while Currenc shareholders retain 5%. The deal is expected to close in 2026, pending regulatory approvals. Currenc CEO Alex Kong called it “a milestone for Currenc,” while Animoca’s Yat Siu said it “ushers in a new asset class” that gives Nasdaq investors direct exposure to the trillion-dollar altcoin economy.
AI Cloud Power Shift: IREN Lands $9.7B Microsoft Deal
Meanwhile, IREN Limited (NASDAQ:IREN) rocketed into the spotlight after announcing a $9.7 billion, five-year GPU cloud services contract with Microsoft, marking one of the largest private AI infrastructure deals in history. The contract grants Microsoft access to IREN’s NVIDIA GB300 GPU clusters, deployed across its massive 750MW Texas campus.
IREN’s Daniel Roberts called the partnership “a milestone validating IREN’s position as a trusted AI Cloud provider,” while Microsoft’s Jonathan Tinter said it “unlocks new growth opportunities for both companies.” Investors are watching closely as IREN transforms from a mining operator into a key hyperscale infrastructure player in the global AI arms race.
Quantum Leap: Xanadu Readies Public Market Debut
In the deep tech space, Xanadu Quantum Technologies and Crane Harbor Acquisition Corp. (NASDAQ:CHAC) announced a definitive merger agreement that will make Xanadu the first and only pure-play photonic quantum computing company to trade publicly.
With a projected $3.6 billion market cap and backing from institutional investors including AMD (NASDAQ:AMD), BMO Global Asset Management, and OMERS Ventures, Xanadu is positioning itself as the future of scalable, room-temperature quantum computing. CEO Christian Weedbrook noted that the company’s Aurora system is “the world’s first networked, modular, and scalable quantum computer,” signaling a decisive move beyond the noisy, early-stage era of quantum experimentation.
Industrial Tech and Defense Innovation: AREC’s ReElement Secures $1.4B Backing
American Resources Corporation (NASDAQ:AREC) announced that its subsidiary ReElement Technologies has forged a $1.4 billion partnership with the U.S. Department of War and Vulcan Elements to advance a fully domestic rare earth magnet supply chain. The partnership is a major step toward national resource independence, with the Department of War receiving equity warrants in ReElement — underscoring the strategic priority of critical mineral sourcing.
Digital Finance Meets DeFi: Nocera (NASDAQ:NCRA) Eyes $300M in Stable Asset Backing
Nocera Inc. (NASDAQ:NCRA) joined the wave of financial innovation, unveiling a $300 million private placement to fund a digital asset treasury strategy built on U.S.-pegged stablecoins. CEO Andy Jin called it “a new era in corporate funding where traditional finance meets DeFi,” highlighting how blockchain-backed balance sheets are emerging as tools for capital diversification and acquisition growth.
Smaller Caps in Motion: Lucas GC, Totaligent, and Datavault Push AI Frontiers
AI-focused small caps are also making waves:
- Lucas GC Limited (NASDAQ:LGCL) reported 1H 2025 revenue of US$54.01 million amid a strategic pivot to higher-margin technology products, even as revenue dipped 36%. CEO Howard Lee noted that “our gross margin improvement reflects our evolution from a service to a technology company.”
- Totaligent (OTCID:TGNT) is prepping its commercial debut with a GPU-accelerated omni-channel marketing platform powered by NVIDIA (NASDAQ:NVDA) technology, merging advertising, social media, and CRM into one unified AI engine.
- Datavault AI (NASDAQ:DVLT) fired back at a short-seller report from Wolfpack Research, reaffirming the strength of its 70+ patent portfolio in data tokenization, AI, and blockchain-based IP. CEO Nathaniel Bradley said the company “intends to hold the authors accountable” and continues to execute on multiple data marketplace initiatives.
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