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More →Arthur Hayes Plans to Build Derivatives Around AI Compute
Arthur Hayes published a new essay on October 27 outlining futures and perpetual swaps tied to Flop Network’s proposed compute market, where AI agents would pay for computing power using FLOP. The plan aims to establish a reference price for compute that traders could use to build financial contracts around the resources AI systems consume. In a post on X, Hayes called his essay “The Trifecta” and <a href="https://x.com/CryptoHayes/status/2114857087004201325?s=20" rel="nofollow" target="_blank">described</a> it as a blueprint for entrepreneurs seeking to build derivatives for the AI agent economy. His central idea is that a liquid spot market for computing power could <a href="https://cryptohayes.substack.com/p/the-trifecta" rel="nofollow" target="_blank">provide</a> the pricing benchmark needed for futures and perpetual swaps. The proposed Flop Reference Compute Rate (FRCR) would be calculated hourly using a volume-weighted FLOP price per GigaFLOP of computing capacity. Quarterly futures would settle on the last Friday of March, June, September, and December, with contracts using US dollars for margin and profits. Hayes explained that the dollar-based structure would require a quanto derivative, a contract whose payout uses a different currency from its underlying asset. Because the compute market would be priced in FLOP while traders could prefer dollar-denominated returns, pricing the contract would require an adjustment for the relationship between the FRCR and the FLOP-to-dollar exchange rate. The proposed perpetual swap would use an eight-hour time-weighted average of the difference between its trading price and the FRCR to calculate funding payments. As with crypto perpetuals, traders on the expensive side of the contract would pay those on the cheaper side, depending on the premium. Market makers could recreate futures exposure by buying or supplying Flop Compute Units (FCUs), which represent reserved inference capacity for a specified AI model and delivery time. Hayes’s design also requires suppliers to post FLOP bonds, which they risk losing if they fail to deliver the promised computing work. The derivatives proposal depends on Flop Network first establishing a functioning spot market. Hayes argues that existing indexes tracking chip rental prices and individual AI token prices provide incomplete information because both are derivatives of the underlying cost of computation. Under his design, network blocks would record inference tasks, the computing work completed, and the fees paid to miners. Those receipts would help calculate the exchange rate between FLOP and computing capacity, giving buyers and suppliers a common reference. Hayes <a href="https://cryptopotato.com/arthur-hayes-called-ai-a-bubble-now-hes-launching-an-ai-project/" rel="nofollow" target="_blank">introduced</a> Flop Labs in August 2026, describing its proposed native token FLOP as “food for your AI agent.” In an August 27 explanation, the project <a href="ht
Discord is making public chats searchable on Google: How to opt out
Discord conversations on large public servers will soon reach audiences far beyond their communities, raising privacy concerns. Discord is making a policy change that will make conversations from its largest public servers discoverable in search engines, including Google, raising privacy concerns among users whose conversations were previously confined to the platform. The change applies to Discoverable Servers — communities with at least 1,000 members listed in Discord’s public directory that do not require an invitation to join. From Nov. 16, every Discoverable Server will have a web page that may include summaries of public channel discussions. From mid-December, individual messages posted in eligible channels may appear in web search, Discord<a href="https://discord.com/blog/making-content-from-discoverable-servers-easier-to-discover" rel="nofollow noopener" target="_blank">> <span>said</span></a> Tuesday. Messages posted before the rollout will not be included, while usernames and avatars will be excluded from published messages. Example of an individual message being shown online. Source: <a href="https://discord.com/blog/making-content-from-discoverable-servers-easier-to-discover" rel="nofollow noopener" aria-label="Source: Discord" target="_blank">Discord</a> Discord said the shift of online communities from message boards to its servers had made useful answers harder to find. “This has led to valuable information being locked in Discord conversations, inaccessible to the wider internet. We want to fix this,” the company said. The move has <a href="https://www.reddit.com/r/discordapp/comments/1xgxb68/comment/19rr367kxqlk2/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button" rel="nofollow noopener" target="_blank">><span>drawn</span></a> criticism from users concerned about their conversations reaching an audience outside of their intended community, even if the servers are public in the first place. <em><strong>Related: </strong></em><a href="https://cointelegraph.com/news/starknet-introduces-wallet-privacy-feature-for-defi-activity" target="_blank" rel="nofollow"><span><em><strong>Starknet introduces wallet privacy feature for DeFi activity</strong></em></span></a> Others welcomed the change, saying it could make useful answers easier to find. One user in Discord’s announcement thread <a href="https://www.reddit.com/r/discordapp/comments/1xgxb68/official_megathread_discoverable_servers_are/" rel="nofollow noopener" target="_blank">><span>called</span></a> it “very much necessary,” while another said moving communities from forums to Discord had made their discussions harder to find through search. The change could also affect cryptocurrency communities that use Discord for technical discussions, support and project announcements. Cointelegraph found nearly 800 servers tagged “cryptocurrency,” around 1,400 tagged “trading” and more than 700 tagged “finance” in Discord’s public directory. Disc
CZ warns that leaking exchange data may lead to phishing and real-world attacks.
According to Cointelegraph, CZ warned that leaked exchange data could fuel phishing, SIM-swap, and real-world attacks, following four reported data breaches across crypto and traditional finance. He reminded everyone to stay safe.
The long-to-short account ratio for BTC contracts is 1.95.
CoinWorld data: The BTCUSDT 4-hour long-short account ratio is 1.95, with more net long accounts than net short accounts. Compared with the same-caliber snapshot 24 hours ago, it is down 0.45; compared with the same-caliber snapshot 7 days ago, it is up 0.5135.
State Street Investment Management lowers the probability of its 2027 gold price forecast to 60%.
According to Bijie news, State Street Investment Management maintains its forecast that gold prices will fluctuate between $4,750 and $5,500 per ounce by the end of the first quarter of 2027, though it has lowered the probability of this scenario occurring from 70% to 60%.
DeFi total value locked daily snapshot reports 88.507 billion USD
CoinWorld data: The daily snapshot for 2026-10-28 shows that total DeFi TVL was $88.507 billion, an increase of 0.34% compared with the previous statistical period using the same methodology.
Bybit will adjust the risk limits for HNTUSDT and WAVESUSDT perpetual contracts.
According to CoinWorld news, Bybit has announced that on October 29, 2026, at 7:30 UTC, it will adjust the risk limits and applicable leverage for the following perpetual contracts: HNTUSDT, WAVESUSDT, B3USDT, DRVUSDT, and RLUSDUSDT. This adjustment is expected to be automatically applied to user accounts. If a position does not meet the adjusted margin requirements, users will only be able to reduce positions for the affected contract positions. The adjustment buffer period will end on November 15, 2026, at 7:30 UTC, at which point the system will automatically apply the new risk parameters. Users are advised to manage position risk before the buffer period ends to avoid liquidation risk.
BTC saw a net capital inflow of 847.8579 BTC over the past 24 hours.
BiJie.com data: BTC saw inflows of 7,421.5321 BTC and outflows of 6,573.6742 BTC over the past 24 hours, for a net inflow of 847.8579 BTC. This figure comes from the rolling 24-hour calculation of the same BTC fund distribution interface, with the net amount calculated as inflows minus outflows. It does not represent exchange net inflows, on-chain exchange flows, or institutional fund flows, and should not be conflated with deposit and withdrawal data from any single exchange. Compared with the same-calculation snapshot 24 hours ago, it is down 61.35%; compared with the same-calculation snapshot 7 days ago, it is up 286.11%.
Liang Wenfeng has entered China's top 10 richest list for the first time, with an estimated net worth of 280 billion yuan, surpassing Ding Lei.
Biji.com news: Liang Wenfeng has entered the top ten of China's rich list for the first time, with an estimated net worth of 280 billion yuan, surpassing Ding Lei and the Li Ka-shing family to rank seventh in China. According to the "2026 Hurun Rich List" released by the Hurun Research Institute, 41-year-old DeepSeek founder Liang Wenfeng was not on the list last year, mainly because he had proposed "no commercialization." However, DeepSeek began large-scale financing this year, completing its first round of financing in June; by August, the pre-money valuation of its second round of financing had reached about 500 billion yuan; and in October it completed 106 billion yuan in financing, with a post-money valuation exceeding 600 billion yuan. The Hurun list uses September 1 as the cutoff date for calculating wealth, and the 280 billion yuan figure is an estimate of personal wealth. According to Hurun statistics, more than 160 entrepreneurs on this year's list derived their wealth from the AI sector, accounting for about one-tenth of the total.
Aoshikang: Plans to invest 6 billion yuan to build a PCB base
According to CoinWorld news, Aoshikang announced that the company has signed an "Industrial Project Development Agreement" with the Haimen Economic and Technological Development Zone Management Committee, planning to build the Aoshikang Nantong Intelligent Computing and High-Speed Interconnect PCB Industrial Base project in Nantong City, Jiangsu Province, with a planned total investment of approximately 6 billion yuan, to be invested in three phases, of which the first phase involves an investment of about 2.5 billion yuan. This matter has been reviewed and approved by the board of directors and still needs to be submitted to the shareholders' meeting for review. The project land is intended to be acquired through public transfer methods such as bidding, auction, and listing.