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2026/11/07
MicroStrategy Aims to Become Bitcoin Bank as Blockchain Still Fits on 1TB Drive
Strategy (formerly MicroStrategy) wants to become the Bitcoin bank of the world. Michael Saylor repeated that goal on November 6. On the same day, an on-chain researcher showed that Bitcoin’s full blockchain still fits on a single 1TB drive. That lets ordinary users check the network themselves, wit
OpenAI CFO Confirms Continued AI Investment Amid $2.5T Market Selloff
Key takeawaysOpenAI CFO confirms continued investment despite AI market selloffNasdaq 100 loses $2.5 trillion amid infrastructure spending concernsOpenAI reports 70% quarterly growth and raises fresh capitalOpenAI will continue expanding its artificial intelligence infrastructure despite a $2.5 tril
Ex-FBI Counterintelligence Agent Pleads Guilty to Stealing $2.47M in Crypto
A former FBI counterintelligence agent has pleaded guilty to wire fraud and money laundering after admitting he stole nearly $2.5 million in cryptocurrency from wallets connected to investigations targeting adversarial nations and criminal activity. Prosecutors say Patrick Steven Yaroch exploited hi
Trump Media Stock Falls 70% in 2026, Investors Lose $2.2B
Key takeawaysDJT stock has fallen nearly 70% in 2026Outside investors face estimated $2.2 billion cumulative lossesTrump's remaining stake retains approximately $460 million valueTrump Media & Technology Group (DJT) shares have plunged nearly 70% in 2026, leaving outside investors with an estima...
IMF Warns AI Investment Slowdown Could Cut US GDP 1.8% by 2028
Key takeawaysIMF warns AI slowdown could weaken US economic growthUS GDP could fall 1.8% below baseline projectionsCentral banks face tougher decisions amid persistent inflationThe International Monetary Fund has warned that slowing artificial intelligence investment could complicate central banks'
CoreWeave Default Protection Costs Exceed 1,200 Basis Points Amid AI Credit Market Stress
Key takeawaysCoreWeave default insurance exceeds 1,200 basis points amid concernsNasdaq rebounds despite continuing stress in AI credit marketsNovember 10 earnings will test CoreWeave's debt-heavy growth strategyCoreWeave's cost of protection against debt default surged above 1,200 basis points as i
NVIDIA provides hundreds of millions to support SPIL's expansion of CoWoS packaging capacity
CoinDesk reports:IT Home, November 7 — According to Reuters, a global race to build AI infrastructure is driving billions of dollars into advanced packaging, a previously overlooked technical segment that has now become a critical bottleneck in developing the world’s most advanced processors.“In the
Microsoft Halts Oracle AI Cloud Contract Renewal as Older Nvidia GPUs Lose Appeal
Key takeawaysMicrosoft reportedly stops renewing Oracle AI computing capacityOlder Nvidia GPUs no longer satisfy Microsoft's requirementsOracle insists demand remains strong despite contract changesMicrosoft is reportedly winding down its agreement to rent artificial intelligence computing capacity
ProShares Announces 2× Bullish and Bearish Anthropic ETFs Amid $1.5T IPO Uncertainty
Key takeawaysProShares announces two leveraged Anthropic ETFs ahead of IPOBullish and bearish funds target double daily stock movementsAnthropic's proposed $1.5 trillion valuation faces investor scrutinyProShares is preparing to launch two leveraged exchange-traded funds tied to Anthropic, allowing
Musk Forecasts 70% Revenue Jump for SpaceX in Q4 2026
Elon Musk's Q4 2026 revenue forecast has reignited debate over SpaceX's valuation on private and tokenized markets.Elon Musk has forecast a 70% increase in SpaceX revenue for the fourth quarter of 2026, CoinGape reported. The projection has sparked fresh discussion about the aerospace company's valu
HYPE Loses $80 Support Amid Team Distributions and Institutional Selling
Hyperliquid [HYPE] fell below the $80-mark, a week after reclaiming the level as support. In fact, institutions are continuing to sell the altcoin too. Even though the team has been countering the selling pressure through token burns.In the last 24 hours alone, HyperLabs distributed over 179K HYPE w
Ethereum Delays Glamsterdam Testnet Step Over Gas-Accounting Risks
TL;DR: Ethereum developers have postponed the next Glamsterdam hard-fork step on the Hoodi testnet after researchers identified applications that may depend on gas-accounting assumptions the upgrade would change. The Ethereum Foundation is asking teams to audit code before the process advances.Ether
U.S. 5-Year Treasury Yield Hits 5% for First Time Since 2007, Affecting REITs
For the first time since 2007, the yield on the U.S. 5-year Treasury has reached 5%, prompting discussions about potential impacts on real estate investment trusts (REITs). This development highlights the sharp rise in intermediate-term borrowing costs, which may affect the attractiveness of REITs c
Former FBI agent admits to stealing $2.47 million in cryptocurrency, faces up to 20 years in prison
BlockBeats report: On November 7, according to a U.S. Department of Justice announcement, former FBI agent Patrick Steven Yaroch pleaded guilty on November 5 to wire fraud and money laundering. He abused his official access to obtain cryptocurrency credentials collected during FBI investigations, ex
Wall Street's $3 Trillion Loss Exceeds Entire Crypto Market Cap
Just a day after the post-election relief rally, Wall Street suffered one of its most violent sessions in years, with S&P 500 companies wiping out roughly $3 trillion in market value as the Nasdaq posted its steepest daily drop since the pandemic era.The scale of the destruction also produced a ...
