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2026/11/07

Peter Schiff Mocks Michael Saylor as Strategy's Bitcoin Holdings Near $75,500 Cost Basis

In Brief:Peter Schiff mocked Michael Saylor as Strategy’s Bitcoin holdings approached their average purchase price of approximately $75,500 amid market declines.Schiff questioned Strategy’s six-year Bitcoin accumulation strategy, challenging Saylor’s earlier expectations of approximately 30% annual

Berkshire Hathaway Buys Back $9.6B in Stock Amid 28% Profit Drop and Geico Earnings Decline

Key takeawaysBerkshire repurchases $9.6 billion in shares during third quarterNet income falls 28% as insurance earnings weakenGreg Abel accelerates buybacks despite shrinking quarterly profitsBerkshire Hathaway repurchased $9.6 billion of its own shares during the third quarter of 2026, sharply acc

Google Discloses $548M Qualcomm Stake Amid AI Chip Competition

Key takeawaysAlphabet discloses nearly $548 million in Qualcomm sharesGoogle Ventures received stock through Qualcomm's Modular acquisitionQualcomm targets $15 billion in annual data-center revenueGoogle parent Alphabet has disclosed a $548 million stake in Qualcomm, giving the technology giant expo

Crypto Fear and Greed Index Hits 28, History Shows Mixed Outcomes

Sentiment has caught up with price. After Friday's sell-off the Crypto Fear and Greed Index sits at 28, in the fear zone, a few points above the "extreme fear" line at 24. It has been there twice already this year, and both times the readings were among the lowest ever recorded. So what happens when

Samsung Wallet Launches USDC on Solana for Eligible US Galaxy Users

TL;DR: A Solana Foundation update dated November 5 confirms that Samsung Wallet’s stablecoin account went live on November 2 for eligible US Galaxy owners. USDC transfers and certain international bank payouts are supported, but the headline 82 million compatible devices should not be mistaken for 8

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

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