Can decentralized phone networks power the AI revolution?
Decentralized AI networks want to turn everyday phones into an alternative to centralized computing infrastructure — but skeptics have their doubts.…
Google could take stake in bitcoin miner TeraWulf’s $19 billion AI project if Anthropic defaults
A $19 billion datacenter agreement includes an unusual provision allowing Google to acquire part of the project if Anthropic fails to pay its rent.…
Ukraine’s central bank opposes crypto bill, citing monetary sovereignty concerns
Ukraine’s central bank won’t back a crypto legalization bill in its current form and wants lawmakers to revise it before a final vote. Source:CoinDesk
Robot maker Agility starts trading today — but its steep losses are raising red flags
Agility is going public via a SPAC merger that one executive says will give it a “firstmover advantage.” Source:MarketWatch
An Anthropic IPO when the AI trade is this turbulent? Godspeed!
Wall Street takes a harder look at AI costs after historic midterm results. Plus, the upside to Apple’s lack of artificialintelligence spending.…
A strategist draws a 1980s parallel to argue bipartisanship could power a ‘bull stampede’
In the 1980s, a Republican president, a Democrat Speaker of the House and an inflationfighting Federal Reserve chairman powered a stockmarket rally.…
Bitcoin miners are oversold following 35% October rout, VanEck says
Investors dumped AI infrastructure providers across the board in October, treating companies in very different sectors as one monolithic trade. Source:CoinDesk
Thailand to block Bitget in December over unlicensed crypto trading
Thailand’s SEC filed a criminal complaint against Bitget’s operator, with access to its website and app set to be blocked from Dec. 5. Source:Cointelegraph
Research firm declares ‘end of the AI trade as we know it’ — and Asian tech stocks reflect the shift
Now that absolute value is much harder to find in the AI trade, with bets having to be made on a longerterm, more speculative basis, it’s time to search for…
Mercado Bitcoin hack continued hours after exchange said attack was contained, report finds
The same attacker took about $391,000, mostly from wallets Bitquery ties to BitMart, whose founder confirmed a Nov. 2 hack and suspects a link. Source:CoinDesk
Bitcoin win rate vs. S&P 500 recovers as post-midterm history favors stocks
Bitcoin outperformed the S&P 500 in half of the past 90 US trading sessions, while historical midterm data highlights gains for stocks. Source:Cointelegraph
A prolonged war in Iran is the market’s real ‘black swan,’ says this strategist
Alicia Levine, of BNY’s wealth management business, said markets have not priced in the possibility of the war in Iran lasting for a long time.…