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109 stories that broke on 6 November 2026 (UTC), about 104 events, the best-sourced first.
Story of the day
Ethereum pauses Glamsterdam on Hoodi testnet over smart contract risks
Developers are holding the Hoodi testnet fork until smart contract risks tied to EIP-8037 and EIP-8038 are resolved, reports say.
The US Bureau of Labor Statistics reported that payroll employment rose by 165,000 in October and the unemployment rate changed little at 4.1%. CoinDesk reported the 165,000 gain blew past a 65,000 estimate and that the unemployment rate unexpectedly fell to 4.1% as the labor market bounced back from a soft September.
NVIDIA stated in a newsroom post that it open sourced its Aerial wireless software a year ago, joining Sionna and a broader suite of open source tools for accelerating next-generation 6G network development. The post says these tools give researchers a foundation for testing ideas, comparing results and building on each other's work, connecting simulation and AI training with experiments on real over-the-air wireless.
OpenAI announced it is partnering with Hacktron to find vulnerabilities, test connections with third-party services, and strengthen defenses with frontier AI, according to OpenAI's own news post. The post gives no figures, timing beyond the announcement date, or independent confirmation.
S&P Global Press Releases stated that James Hardie Industries is set to join the S&P MidCap 400. The post gives no timing, ticker or further detail beyond the index change.
Kraken posted that the company behind Claude is going public and is coming to Kraken soon. The post does not name the company, give a date, or state any terms of the listing or offering.
A post from Strategy claims that $STRC is the top holding in BlackRock's $PFF and VanEck's $PFXF, described as the #1 and #5 largest preferred ETFs. The post also references $MSTR. No independent confirmation or additional figures are provided in the posts.
The US Bureau of Labor Statistics reported that consumer spending increased 4.3 percent from 2024 to 2025, according to a post linking to its data release. The post provides no further detail on the measure used, the underlying components or the timing within the period.
Strategy (primary) states that high net worth individuals and institutions now own over 50% of $STRC. No further figures, timing or confirmation are given in the post.
Gnosis Pay disclosed a data breach after unauthorized access to its legacy debit card system on Nov. 3, according to The Block. Multiple outlets report that customer information including card numbers, home addresses and linked crypto wallets was exposed, while the company said customer funds and its enterprise card platform were unaffected. The Defiant reports the company has not disclosed how many customers were affected.
FinCEN, the US Treasury bureau, ordered US financial institutions to stop processing transfers involving MEXC Global, according to the posts. Treasury says the exchange facilitated $16 billion in illicit finance tied to Iran, North Korea and Russia, and the posts describe the action as part of Operation Economic Outcast. MEXC says withdrawals continue and that it has begun an independent review of its AML and sanctions controls, per The Defiant. The Defiant also reports the transfer ban takes effect 30 days after Federal Register publication.
Hyperliquid Strategies has applied to become a U.S. futures commission merchant, according to Decrypt, which says the move could let Americans trade perpetual futures on permissioned Hyperliquid markets pending regulatory approval. CoinDesk reports the company is seeking a fully compliant U.S. futures commission merchant setup for activity with U.S. clients, though it says the timing is uncertain. Cointelegraph reports the HYPE treasury company spent $785 million on tokens during the quarter and wants to bring Hyperliquid-based perpetual futures to the US.
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Strive reported a third-quarter profit driven by bitcoin gains, according to The Block, Cointelegraph and The Defiant. Cointelegraph states Strive reported $509 million in third-quarter net income and bought 15,124 BTC in October, bringing total holdings to 43,124 BTC. The Block reports the same $509 million profit and 43,124 BTC stash, while The Defiant reports a $474.8 million Q3 profit figure.
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The Block reports that a rule opening 401(k) retirement accounts to alternative assets, including cryptocurrencies, has reached the White House. The Defiant says the Labor Department proposal is in final White House review and would give plan fiduciaries a process-based safe harbor for crypto and other assets. Cointelegraph reports the proposal does not exclude altcoins and smaller cryptocurrencies, though experts say they could face challenges getting into retirement plans.
The Block and The Defiant report that IREN's bitcoin mining revenue dropped 58% as the company pivots toward AI infrastructure. The Block states AI cloud revenue rose 182% in the past quarter to $200 million, while The Defiant reports IREN aims to substantially complete its mining transition by December and targets a $4 billion AI revenue run-rate in early 2027.
Hedgeweek and HedgeCo.Net report that Engineers Gate dismissed most of its Synthesis fundamental equities team, including head Mike Daylamani, after a difficult October tied to the technology-sector selloff. Hedgeweek states the team accounted for approximately 14% of the firm's gross market value at the end of October, with five fundamental portfolio managers remaining, and that the firm was down 5.5% for October through 23 October. Chief executive Greg Eisner told investors the team's performance had fallen short of the standards required to maintain its existing structure.
Ethereum developers are holding off forking Glamsterdam on the Hoodi testnet until smart contract risks are resolved, according to Cointelegraph, which reports investigators are looking at eight smart contract invariants tied to EIP-8037 and EIP-8038. The Defiant reports the Ethereum Foundation called for contract checks after security findings, most involving fixed gas budgets and reserves, and said the Hoodi upgrade remains paused with no confirmed mainnet activation date.
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Nigeria's central bank issued new virtual asset regulations requiring stablecoin issuers and other service providers to obtain local licenses, according to The Block. Cointelegraph reports that Nigeria banned algorithmic stablecoins and introduced reserve requirements for issuers as it expands central bank oversight of crypto payment services.
The Defiant and Cointelegraph report that the Bank of Russia has finalized rules for trading bitcoin, ether and USDT through regulated intermediaries, effective with a Nov. 17 rollout. The Defiant states non-qualified investors face testing and a 300,000-ruble annual purchase cap per intermediary, while the Moscow Exchange targets a Dec. 1 rollout; Cointelegraph says the exchange plans to launch crypto trading in December.
Tesla CEO Elon Musk said the Texas plant will wind down Cybertruck production and turn the space over to building the Cybercab, according to Decrypt and Investor's Business Daily. Decrypt reported that Cybertruck sales run far below capacity. Investor's Business Daily reported that Tesla shares inched up after an election rout.
Elliptic reported that hackers behind the Binance theft swapped stolen tokens for $124 million in bitcoin, according to The Block. Elliptic also said little of the stolen crypto has likely been cashed out and that $2.85 billion remains frozen. Decrypt reported Elliptic's assessment that $3.1 billion in stolen Binance crypto has yet to be laundered, with attackers using more than 20,000 wallets on 16 blockchains while the bulk of stolen ETH and Bitcoin hasn't moved.
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Aave Labs acquired the team and technology of Avon, an onchain fixed-rate and floating-rate lending protocol, according to The Block. The Defiant reports the deal includes Avon's lending protocols and onchain order book, but that Aave Labs has not named a first market or launch date.
New York-based investment firm XN is preparing to increase its exposure to Anthropic, according to a letter to investors seen by the Financial Times. Founder Gaurav Kapadia said XN intended to be a "large participant" in buying additional Anthropic shares during an anticipated public listing. XN's holding was valued at approximately $5.3bn at the time of Anthropic's May fundraising, which valued the company at $965bn.
The US Treasury's OFAC sanctioned 45 additional targets linked to the alleged crypto scam empire Prince Group, according to Decrypt and The Defiant. OFAC targeted offshore companies and associates it says helped Prince Group executives hide assets and dodge earlier sanctions. The SDN update lists no crypto addresses for the newly designated parties, though US firms must still block covered assets and avoid unauthorized dealings with them.
A Bitcoin developer has proposed a 'landmines' mechanism aimed at making quantum thieves lose their own BTC, according to CoinDesk. Under the proposal, anyone trying to move vulnerable bitcoin would have to put up matching collateral, giving prepared owners a chance to take both. The r/Bitcoin community post repeats the same headline without adding details.
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Investor's Business Daily reported that Nvidia and other chip stocks tied to the AI data center buildout rebounded on Friday after a hard sell-off. A separate IBD piece traced Nvidia's rise from a gaming-focused business to an AI powerhouse, noting the stock's move began during a market correction in early 2016.
Cointelegraph reports that Core Scientific plans to quit Bitcoin mining by year-end and become a pure-play data center provider in 2027. The post states mining now accounts for just 7.5% of quarterly revenue as the company's AI business surges.
The Defiant reports that Solana lender Loopscale has partly restored loan functions while keeping vault withdrawals frozen following an attack. The post states that repayments and collateral withdrawals remain disabled for USDC Genesis-funded loans, and that the lender detailed two attack paths.
The Block reports that Cathie Wood's Ark Invest bought $2.44 million worth of Coinbase on Thursday. The post states the stock plunged 9.69% amid a broader sell-off.
After an attack on Binance, crypto exchanges are publicly citing their cold storage ratios, according to Cointelegraph. Coinbase says it keeps more than 99% of customer assets offline, while Gate reports 88.26% of its total assets are kept in cold storage.
Chainalysis disclosed that password hashes and live tokens were exposed in a breach, according to Cointelegraph. The post states this followed an initial report that only non-sensitive customer data had been accessed.
CoinDesk reports that Trump-backed World Liberty Financial plans a token buyback after a 66% year-to-date slide. The venture may use fees from its USD1 stablecoin reserves to fund token purchases as it seeks to boost governance.
Trust Wallet warns that the DarkSword and Coruna exploits target older iOS versions to access wallet data, rather than flaws in wallet apps, according to The Defiant. The report's headline states an iPhone wallet theft probe traced $4.06 million in TRON drains.
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Hedgeweek, citing eFinancialCareers, reports that Citadel Securities appointed former Wintermute executive Willis Croft as head of business development for digital assets. The post states Croft joined in October after serving as a director of business development and partnerships at Wintermute and previously held a vice-president role at Genesis. It also says Citadel Securities outlined plans in early 2025 to provide liquidity to Coinbase and Binance, later supplied liquidity to Kraken after a $200m investment in November 2025, and is recruiting systematic cryptocurrency traders.
Bloomberg reported, per Hedgeweek, that Value Aligned Research Advisors (VARA), a hedge fund heavily exposed to AI stocks, lost 33% in October amid a technology selloff. The Princeton, New Jersey-based manager told Class C shareholders the fund remained up 13% year-to-date despite the drawdown, following a 44% loss in July. The post also states the Nasdaq 100 fell 6.7% in October and the Philadelphia Semiconductor Index dropped 12% on a Thursday.
A Bloomberg report cited by Hedgeweek claims hedge funds across Asia suffered significant losses as a selloff in artificial intelligence stocks triggered margin calls and forced liquidations. The report states Hong Kong-based Aspex lost 16% in October, Goldman Sachs prime brokerage estimates show Asia-focused equity hedge funds declined 9.4% for the month, and China-focused stock pickers lost 11%. It also cites Valliance Asset Management's Long-Short Master Fund declining 6.7% and CloudAlpha Capital Management's $2.8bn Singularity Master Fund falling nearly 3%.
Hedgeweek, citing a Bloomberg report, says Samlyn Capital has exited equity positions across nearly every sector outside global financials and is cutting senior investment staff as the $7bn fund narrows its strategy after a difficult year. The report says the firm sold holdings in industrials, technology and retail several weeks before the latest market selloff and was down approximately 5% year-to-date through October. Samlyn is not returning capital to investors and will reinvest proceeds in financials, according to the post.
Hedge fund and investment managers identified opportunities in Nvidia, Disney and ASML despite market volatility and a sharp technology selloff, according to a Bloomberg report cited by Hedgeweek. EFM Asset Management's John Wylie called Nvidia attractive after the semiconductor decline, noting its earnings multiple has more than halved over the past year while AI data centre revenue growth expectations have roughly doubled. Milford Asset Management's Andrew Curtayne backed ASML, citing its dominant position in extreme ultraviolet lithography technology.
Hedgeweek, citing a Bloomberg report, says Tiger Global, Whale Rock and D1 Capital Partners were among prominent hedge funds that suffered significant losses in October as AI investment and technology valuation concerns triggered an equity selloff. Tiger Global's flagship fell 8.5%, Whale Rock's flagship about 8%, and D1's equity portfolio 4.4%, while Atreides Management's flagship fund declined 9.5% and its smaller hedge fund 16%.
A London judge found two Man Group subsidiaries liable in a corruption case involving Kuwait's state pension fund, according to a Bloomberg report cited by Hedgeweek. The court indicated PIFSS could recover approximately $155m from Man Group, with the final amount subject to a further November hearing and settlement adjustments. Man Group shares fell as much as 5.9% on the news.
An investor document seen by Bloomberg reports that Said Haidar's flagship macro fund lost 11.5% in October, its third double-digit monthly decline of 2026, leaving year-to-date gains at 6.3%. Assets under management were $702 million at the end of September, down from a peak of around $5 billion in 2022, and Haidar Capital Management did not respond to a request for comment. The fund had gained almost 18% in September, and the drivers of October's loss have not been disclosed.
Cointelegraph reports that South Korea's GOPAX suspended trading, deposits and standard withdrawals after a hacking threat. The post states that manual withdrawals remain available through support and that all assets will be moved to cold storage.
Cointelegraph reports that Bitcoin consolidated while fears over US AI regulation spread to Asia, prompting South Korea to announce measures to calm stock-market volatility. The post states Bitcoin held $75K and that the KOSPI was halted after an 8% crash.
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Institutional Asset Manager reports that European investors continue to lead demand for sustainable investing, directing USD9.4 billion into funds in the third quarter of 2026. The post frames this as continued leadership by European investors in sustainable investing.
CoinDesk reported that Bitcoin bounced from around $75,200 after an AI-led selloff on Thursday that drove more than $1 billion in liquidations, as traders awaited the U.S. jobs report.
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CoinDesk reported that Nasdaq 100 futures were rallying, pointing to a stock market respite, after the tech-heavy index lost over 6% on Thursday. The post attributed the drop to worries of an AI slowdown following the Democrats' wins in the House and the Senate.
Investor's Business Daily reported that the AI trade in the stock market came under pressure and that the average U.S. stock fund fell with it. The post also said fund gains in October tilted toward dividend-paying stocks.
A report states that a Solana event in Shanghai was halted over unauthorized promotion. An unidentified PBOC official told China's Financial News that Solana's promotional campaigns through domestic entities allegedly violated China's crypto-related restrictions.
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CoinDesk reported that over $1 billion in bullish bets were liquidated while ETF flows suggested no help in the spot market, in its day-ahead look for Nov. 6, 2026. The post gives no further figures, assets or sources beyond that framing.
Investor's Business Daily reported that the AI stock boom has collapsed, with losses described as epic and $4.5 trillion in value torched. The post says three stocks were hit the worst but does not name them in the excerpt. No specific companies, prices or dates for the decline are given in the provided text.
The Block reports that Hypercall will launch a pre-IPO options market linked to Anthropic. Trading is expected to begin Monday, with calls, puts and more complex strategies available in select non-US jurisdictions.
Investor's Business Daily reports that investors are rotating out of the AI trade, along with Alphabet and Meta, and into more value-oriented sectors such as medical and energy. The post gives no figures, timing or named sources beyond the outlet's own description.
Investor's Business Daily reports that the best mutual funds place massive bets on Microsoft, Palantir and Apple, and says the list extends to Shell and 24 more stocks. The post offers no specific position sizes, dates or fund names beyond that framing.
Investor's Business Daily reports that Acadian Asset Management's stock is soaring as demand for systematic investing grows. The post states that Acadian uses quantitative models to identify investment prospects instead of relying on traditional human analysts.
Investor's Business Daily reports that a jobs report is due while markets still see a strong, albeit reduced, chance of a Fed rate hike, even as a sell-off is underway. The post frames the upcoming labor data against expectations for tighter Fed policy.
The Block reported that TeraWulf's bitcoin mining revenue fell 69% while HPC leasing surged amid an Anthropic buildout. The post states TeraWulf reported $63 million in artificial intelligence-related quarterly HPC lease revenue, up 774% year over year.
Safe's published third-quarter report states that $12.4 billion of smart-account assets sits in DeFi, net of $2.37 billion in borrowing, according to The Defiant. The report gives a $57.64 billion total but does not break out the DeFi split.
The Defiant reports that the Treasury and Fed withdrew a plan for a $250 cross-border Travel Rule threshold. The post states the $3,000 threshold remains in place, including for qualifying crypto transfers under FinCEN's existing guidance.
Investor's Business Daily reported that Hims & Hers Health signed a deal with Eli Lilly on Friday to sell the company's obesity drugs. The report says the agreement further entrenches Hims & Hers in the GLP-1 space and describes the deal as 'Surprising And Inevitable.'
One analyst described the tech stock sell-off as a "golden buying opportunity" for investors to buy marquee stocks including Apple, Microsoft and Nvidia, according to Investor's Business Daily. The post names no analyst and gives no price targets or timing beyond the sell-off itself.
Investor's Business Daily reports that analysts say the probability of a Tesla merger with SpaceX has fallen after the midterms. The post also says Texas' governor-elect requested a pause on a potential land sale to SpaceX.
CoinDesk reports that Coinbase, Robinhood and Circle are expanding into stablecoins, payments and prediction markets. The same report says their latest earnings show how hard it is to escape crypto's boom-and-bust cycles.
The Financial Times reports that London-based hedge fund Arini ploughed billions into the riskiest parts of the junk bond market and that these positions have now soured. The post frames the credit troubles as a sign that a "roach-hunting season" has returned.
The Defiant reports that Ondo plans to offer tokenized Anthropic shares starting from the company's IPO day. According to the post, Ondo Stocks uses share-backed notes for eligible non-US investors, in contrast to derivatives already trading on Anthropic's valuation.
The Defiant reports that Coinbase has opened USDC borrowing against PAX Gold, adding the gold-backed token to its collateral options. The report also states that loan-health pricing for this collateral updates only during gold-market hours.
Hedgeweek reports that Millennium Management is seeing further departures from its credit trading business, with two additional portfolio management teams leaving the $95bn multistrategy hedge fund. The post states that Dominick Maggio and Amit Agrawal, who ran the Abacove Capital pod, are departing alongside Mark Meenan and David Ulrich of the Twin Lights trading pod, according to people familiar with the matter. It says the exits come amid heightened volatility in credit markets and follow Millennium's withdrawal of capital from Axebrook Capital and the exit of senior credit trader Manav Gup
Investor's Business Daily reported that Bitcoin's price fell to a three-month low amid an AI-led tech retreat, driven by ETF flows and liquidations. The same report said IREN led a modest rebound among miners after earnings.
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Investor's Business Daily published a strategy piece stating that PepsiCo stock is showing high implied volatility and outlining a short strangle approach aimed at profiting if the share price stays within a particular range. The post does not state specific volatility figures, strike prices or a date for the event.
CNBC Hedge Funds reports that CoreWeave's bond yield has topped 16%, describing the AI 'credit card' as getting costlier. The post says the steep yields reflect stress in the AI debt markets as investors worry about a data center slowdown.
The Defiant reports that Threshold has set a target for reconnecting tBTC as a week-long pause continues, with Bitcoin redemptions to resume once enough operators return. The post also states that Aave's $123.2 million Ethereum Core tBTC reserve remains frozen.
The Commodity Futures Trading Commission said regulated exchanges cannot cut off customers state-by-state, according to CoinDesk. The report states that firms like Kalshi are under court orders to do so, putting the regulator's demand in direct conflict with the courts.
Investor's Business Daily reports that an unnamed enterprise software stock is holding near an entry point while indexes sell off, and that its earnings spiked 68%. The post does not name the company or give the entry price or earnings figures beyond the percentage.
Cointelegraph reported that Bitcoin's price dipped under $75K and that BTC price action stayed weak. The post attributed the weakness to US nonfarm payrolls data significantly beating forecasts, which it said increased bets of a December interest-rate hike.
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Veranta says it is offering 1,000x leverage on BTC and ETH on the Base network. The venue says traders can redeem profits immediately, with payouts drawn from a protocol buffer before liquidity-provider capital.
The Defiant reports that the Algorand Foundation is shutting its forum and advisory council. According to the post, the Foundation will pause xGov grants on Dec. 6 and shelve Project King Safety, while maintaining bonus staking support through January 2028.
Investor's Business Daily reported that Moderna stock surged to a five-year high on Friday after the company posted vaccine sales that beat expectations and raised its full-year guidance. The post also said the cancer vaccine remains the real story for the company.
A Defiant report says a Merkley-Raskin bill would ban election and sports contracts on US exchanges. The post states the March 26 proposal also targets US government-action contracts, with a commercial-hedging exception defined by the CFTC, and that it remains in committee.
Investor's Business Daily reports that ARK Invest, led by Cathie Wood, made $437 million in trades, adding Nvidia and SpaceX while offloading Broadcom. The post says the moves came as AI stocks plummeted.
Investor's Business Daily reports that United Rentals stock had a tough week during a broad-based market slide but remained near its key 50-day moving average. The post describes the stock as finding support at that level.
Investor's Business Daily reports that Warby Parker will begin taking preorders on Nov. 12 for its first smart glasses, branded Intelligent Eyewear. The post states no pricing, specifications or other details.
Investor's Business Daily reported that the Nasdaq crashed through a key chart level, and its excerpt states that Thursday's slide notes the start of an intermediate correction. The post frames the move as a moment for traders to decide what to do next.
Investor's Business Daily reported that ADI showed relative strength and bucked weakness in the chip sector, but that it took profits quickly while it could. The post gives no figures, prices or timing for the trades.
Investor's Business Daily reported that the stock market needs repair, with Sandisk and Micron appearing broken while Apple, Amazon and Microsoft are holding up. The post also noted that Berkshire earnings are upcoming.
Investor's Business Daily reported that the stock market, including the Dow Jones, suffered stiff weekly losses even as it rose, with a new inflation reading and CoreWeave earnings due to follow. The post gives no figures, timing or specific index levels beyond that framing.
SlowMist shared a breakdown of a recruitment phishing attack that led to a malware infection simply by opening a project in Cursor. The post credits @brucexu_eth for sharing the analysis and links to the original thread.
CertiK Alert describes DarkSword as a full iOS exploit chain first documented in March by Google Threat Intelligence Group, iVerify and Lookout. According to the post, it chains six vulnerabilities to take over iPhones running iOS 18.4 to 18.7 and then deploys a data-stealing payload.
CertiK Alert reports that a new version of DarkSword, an iOS exploit kit, is being used to target crypto wallets on unpatched iPhones. According to the post, simply opening a malicious site in Safari can be enough, with no wallet connection or signature needed.
A CertiK Alert post states that a piece of malware targets wallet private keys and seed phrases, keychain passwords, and photos and notes scanned for recovery phrases. The same post says targeted apps reportedly include MetaMask, Trust Wallet, Phantom, Exodus and Coinbase. No further sourcing, timing or confirmation is given in the post.
CertiK Alert reports that a newer malware variant called P7 DarkSword was disclosed in October with broader wallet targeting and two-way remote control. The post also says researchers report the kit's source code is being offered for sale, which could lower the bar for copycats.
CertiK Alert posted a five-point list of security actions for users, including updating iOS, never storing seed phrases in Photos, Notes or screenshots, using a hardware wallet for significant holdings, avoiding unknown links, and enabling Lockdown Mode for high-risk users. The post links to a Cointelegraph status but states no specific incident, loss figure or affected asset.
CertiK Alert advised users who suspect their device was compromised to move funds to a new wallet created on a clean, updated device and to never reuse the old seed phrase. The post gives no specific incident, victim or loss figures.
Sagard Private Equity announced the final close of its third emerging manager-focused fund at €520 million, or about $600 million, according to HedgeCo.Net. The post states the close exceeded the original €400 million target.
HedgeCo.Net reports that Blackstone announced the final close of its Blackstone European Senior Direct Lending Fund IV (BXDE IV). The post states the fund closed with about €13 billion of investable capital and references other European direct lending vehicles alongside BXDE IV.
Proterra Investment Partners announced the final close of Proterra Credit Fund 3 at $680 million in total capital commitments, according to HedgeCo.Net. The firm said the amount exceeded its original target of $500 million.
HedgeCo.Net reports that Crescendo Equity Partners, a technology-focused private equity firm backed by Peter Thiel, has raised more than $350 million from overseas investors in the first close of its Fund IV. The post states the amount and the fund's first close but gives no further terms or timing.
HedgeCo.Net reports that Sequoia Capital is closing its London office after about six years and cutting parts of its Europe team. The post says the firm stated it does not see the need for a local presence.
A Reddit r/stocks post reports that Texas Governor-elect Gina Hinojosa, in a recent TV interview, said all currently permitted data centers in Texas will be allowed to finish construction, covering 2027 and likely into 2028. The post also lists her "Texans First Data Center Priorities," including union labor requirements, community input, an end to NDAs, and proof that households won't pay more for electricity or water. The post frames these as reasonable and argues fears of an AI data center bust are overblown.
A Reddit r/stocks poster argues that the selloff in semiconductors tied to expectations of slower data-center construction is a buying opportunity. The poster cites Micron and Sandisk forward valuations at 4.8 and argues slower hyperscaler capex could preserve cash flow, while noting the ROI on data-center buildouts remains unknown.
A r/Bitcoin post says Bitcoin's proof of work began as a 1997 plan to put spammers out of business. It cites Jack Mallers tracing the inventions, privacy battles and digital cash experiments that made it possible, and the missing piece Satoshi brought together: money without anyone in charge.
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A Reddit r/stocks post presents a reverse DCF analysis of 14 chip stocks, calculating the annual free cash flow growth each would need over 10 years to justify its Nov 5 closing price, using a 9% discount rate and flat growth thereafter. The post reports forward P/E figures alongside required FCF growth, noting NVDA and QCOM both trade at 15.5x forward P/E but need about 20% and 9% annual FCF growth respectively. It also lists ARM at 71.3x forward P/E needing 39% growth, and MU at 4.0x needing 2.6%.
A Reddit user in r/Bitcoin states they now hold 0.10 BTC through the FBTC ETF, describing it as about 115-116 shares at an average price around 80k. The user says the ETF is for a 5-10 year horizon while additional BTC will be bought and held via DCA, and that the ETF served as a test of ownership with Fidelity.
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A Reddit r/investing post claims Airbnb faces a growing guest cancellation problem that investors may be underestimating, linked to its Reserve Now, Pay Later program. The post says cancellations appear to have increased substantially and are not fully reflected in the results. No figures, confirmation or company response are given.
Microsoft Corp. is winding down an arrangement to rent AI computing from Oracle Corp. as part of a reassessment of cloud partnerships, according to people familiar with the matter cited in the post. The people said Microsoft declined to renew the contract and that the rented capacity became less useful because the Oracle hardware used older-generation Nvidia chips. An Oracle spokesperson said demand for its AI infrastructure remains strong, and Oracle said in September it was renewing contracts for four-year-old GPUs at a 20% premium to the original deal price.
A Reddit r/investing poster claims that neither he nor his financial advisor can consistently beat the S&P, based on comparing his year-to-date returns with major indices. He says he plans to move 90% of brokerage assets into VOO and QQQM but faces a complicated tax situation involving capital gains on a couple million dollars.
A Reddit r/stocks post asks whether the recent tech selloff reflects an AI bubble bursting or macro repricing. The author cites a semiconductor selloff and the S&P 500 dropping more than 4%, a 10-year Treasury yield near 4.85% after a nonfarm payroll report showing 165,000 new jobs, and Brent crude around $98, while noting NVDA trades at roughly 23 to 25 times earnings.