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More →Mystery Wall Street Journal ad sparks new fight over tokenized stocks
Mystery Wall Street Journal ad sparks new fight over tokenized stocks
Crypto isn’t a partisan fight, proven by data
Crypto isn’t a partisan fight, proven by data
Fed leaves interest rates unchanged, as expected
Fed leaves interest rates unchanged, as expected
Coinbase earnings: Wall Street divided on trading rebound after Robinhood crypto revenue sinks 55%
Coinbase earnings: Wall Street divided on trading rebound after Robinhood crypto revenue sinks 55%
Crypto Long & Short: What happens when an AI agent pays for the wrong thing
Crypto Long & Short: What happens when an AI agent pays for the wrong thing
JPMorgan, Coca-Cola, Dell also say 'no' to OKX-ICE tokenized stock trading plan
JPMorgan, Coca-Cola, Dell also say 'no' to OKX-ICE tokenized stock trading plan
Dissent and more: 3 things to watch for at the Fed meeting
Dissent and more: 3 things to watch for at the Fed meeting
OpenAI Plans to Buy Google's AI Chips as It Looks Beyond Nvidia: Report
OpenAI plans to buy AI chips from Google, according to a person familiar with the matter who spoke with <i><a href="https://www.theinformation.com/articles/openai-longtime-nvidia-customer-plans-buy-googles-ai-chips" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">The Information</a></i>. The step would loosen its dependence on Nvidia, the company that supplies most of the hardware behind the AI boom. Neither company has confirmed the plan, and the price, the number of chips, and the delivery dates have not been disclosed. OpenAI is one of Nvidia’s biggest customers. The chips OpenAI is reportedly after are Google's tensor processing units, or TPUs, processors designed for one job: the math that AI models run on. Google <a href="https://cloud.google.com/blog/products/ai-machine-learning/google-supercharges-machine-learning-tasks-with-custom-chip" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">revealed the chip</a> in 2016, saying it had already run TPUs in its data centers for more than a year. Reports in June 2025 said OpenAI had begun renting Google's TPUs, and the company described it as early testing with no plans to deploy them at scale. A purchase would mean owning the hardware instead of paying Google by the hour. Other details of the plan have not been made public. A<a href="https://openai.com/careers/software-engineer-tpu-compilers-san-francisco/" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">> job listing</a> from OpenAI in San Francisco asks for an engineer to lead the optimization of its frontier models on TPUs so the rumors have weight. The work involves compilers, the software that translates an AI model into instructions a specific chip can run, which is why switching chips is harder than swapping parts. Richard Ho, who leads OpenAI's hardware program, spent nearly nine years at Google and was one of the leaders of its Cloud TPU project before joining OpenAI. In September 2025, Nvidia signed a letter of intent to invest <a href="https://decrypt.co/340794/nvidia-100-billion-openai-historic-ai-infrastructure-deal-stock-pops" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">up to $100 billion</a> in OpenAI as it deployed at least 10 gigawatts of Nvidia systems. A gigawatt is a billion watts, the unit data center builders now use to size their projects. Two weeks later, AMD gave OpenAI the right to buy up to <a href="https://decrypt.co/343068/amd-stock-skyrockets-openai-bet-loosen-nvidia-grip-ai-chip-market" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">160 million AMD shares</a>, roughly 10% of the company. The right is tied to OpenAI deploying 6 gigawatts of AMD chips. Nvidia ended up putting <a href="https://decrypt.co/360195/nvidia-probably-done-investing-openai-anthropic-ceo-why" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">$30 billion</a> into OpenAI's funding round, well below the $100 billion in the letter of intent. CEO Jens
Gate ETF launches SOXS and CBRS 3x long and short trading pairs, rolling out a 60,000 USDT trading reward campaign.
CoinWorld news: Gate ETF listed the SOXS3L/USDT, SOXS3S/USDT, CBRS3L/USDT, and CBRS3S/USDT trading pairs on October 29 at 15:00 (UTC+8), offering 3x leveraged trading options. To coincide with the new listings, Gate has simultaneously launched an ETF new-listing trading challenge. The event runs from October 29 at 15:00 to November 7 at 15:00 (UTC+8), with a total prize pool of 60,000 USDT, and a single user can receive up to 670 USDT in combined rewards. Users who complete their first trade with a trading volume of at least 100 USDT will have the chance to receive a 10 USDT ETF trading fee cashback voucher; by participating in cumulative trading check-ins, users can receive up to 100 USDT in rewards; the all-user trading prize pool can unlock up to 30,000 USDT, and eligible users can share the rewards based on their proportion of trading volume, with a maximum of 500 USDT per person.
Danske Bank: AI capex guidance flat, data center supply chain rally may be capped
CoinWorld news, Danske Bank strategists noted that stocks rose on Wednesday, with both the S&P 500 and the European STOXX 600 climbing, as AI-related stocks rebounded for a third consecutive session. Earnings reports released after the close by Alphabet and Microsoft showed divergent performance in AI-related revenue and capital expenditure. The bank emphasized that capital expenditure guidance remained unchanged, which may limit the rally driven by further upward revisions to earnings expectations in the data center and semiconductor sectors. Overall, the market's reaction to the earnings reports from major cloud computing companies was slightly negative today, with the KOSPI falling 0.7% and Nasdaq futures down 0.9%. However, given the enormous volatility in AI-related stocks recently, such declines are actually surprisingly small.