‍AMD Secures Landmark Deal with OpenAI, Challenging Nvidia's Dominance AMD has signed a significant 6-gigawatt GPU contract with OpenAI, granting the AI research lab an option for a 10% stake in AMD and committing AMD to delivering its next-generation Instinct MI450 chips by late 2026. This strategic move aims to diversify OpenAI's compute infrastructure, mitigating risks associated with relying solely on Nvidia. The partnership could accelerate decentralized AI development and Web3 scaling, fostering competition and potentially leading to more affordable compute solutions aligned with the ethos of distributed networks. While AMD faces challenges with its ROCm software platform against Nvidia's CUDA, this deal offers a path to improvement and broader adoption. This intensified competition in AI compute may unlock new crypto-economic models for distributed GPU power and empower open-source AI initiatives.
‍FIFA's Blockchain Collectibles Under Swiss Regulatory Review Swiss authorities are examining FIFA's "Right-to-Buy" (RTB) blockchain collectibles, questioning if they comply with gambling laws. These digital assets, offered via FIFA Collect, grant holders the option to purchase 2026 World Cup tickets and are traded on a secondary market with fluctuating values. The core of the probe is whether the speculative trading of these "right-to-buy" options, especially from "surprise packs," constitutes unregulated gambling. This case highlights the challenges of integrating novel Web3 technologies into existing legal frameworks.
‍US Government Shutdown Halts Crypto Regulatory Progress A US government shutdown is significantly impeding critical financial regulatory bodies like the SEC and CFTC, crucial for the digital asset market. This slowdown impacts ETF application reviews and legislative progress. Crypto industry experts note the shutdown risks stalling innovation and eroding investor confidence. Platforms like Kalshi and Polymarket are seeing user bets on the shutdown's duration, suggesting a belief in a prolonged standoff. The situation creates uncertainty for the US crypto industry's regulatory evolution. https://cryptovka.ru/en/news/None/us-government-shutdown-stalls-crypto-progress-what-it-means-for-digital-assets
‍Titan Network Secures Cointelegraph Backing to Revolutionize Cloud Infrastructure Titan Network, a DePIN cloud service, has joined the Cointelegraph Accelerator program. This partnership aims to build foundational infrastructure for decentralized compute, data, and bandwidth delivery, challenging the $145 billion global CDN industry. Titan aggregates idle compute, storage, and bandwidth, offering services at up to 80% lower cost with <10ms latency. The network boasts millions of nodes in 108 countries and serves over 30 enterprise clients, including TikTok and Tencent. Cointelegraph's support will enhance global media exposure, advisory services, and go-to-market execution for Titan's expansion. This collaboration highlights the increasing recognition of DePIN projects as essential digital infrastructure.
‍Chintai & Passion Venture Capital Target $1.2 Billion in Tokenized RWAs Singapore-based Chintai and Passion Venture Capital (PVC) have formed a strategic partnership to accelerate digital asset and RWA adoption in Asia. The collaboration aims to unlock over USD 1.2 billion in tokenized assets within 18 months. PVC CEO Davy J. Goh cited Chintai's regulated approach and credible entry into RWA tokenization as key factors. Chintai's white-label platform offers automated compliance and trading for assets like bonds and real estate. David Packham, Chintai's Founder and CEO, will leverage PVC's network to structure high-yield tokens, including asset-backed and private credit funds, mezzanine financing, and investments in BioTech/MedTech.
‍Myriad Eyes Ubiquitous Integration for Prediction Markets Myriad, a prediction market platform, has achieved $18.5 million in USDC trading volume. Co-founders outlined a vision to embed prediction markets as a core protocol layer globally. The strategy focuses on organic growth, incentivizing quality content, and introducing perpetual sentiment markets. Myriad also sees AI agents actively trading on its platform, alongside human traders, exploring the intersection of AI and human insight in financialized information. The platform aims for seamless integration into mainstream media and eventually, real capital markets.
‍Figure Technologies: Tokenized Credit Poised for Growth Investment firm Bernstein has issued an "outperform" rating for blockchain lender Figure Technologies (FIGR), setting a new price target of $54 per share, indicating a potential upside exceeding 30%. This bullish outlook reflects growing confidence in companies utilizing blockchain for real-world assets. Figure's innovative approach leverages the Provenance blockchain network to transition from a traditional lending model to a "capital light marketplace business." By tokenizing private credit, such as Home Equity Lines of Credit (HELOCs), Figure enhances efficiency and liquidity in consumer loans. Analysts highlight an addressable market for credit tokenization over $2 trillion, suggesting substantial growth potential for Figure as it expands its offerings. Since its IPO, Figure's shares have surged approximately 75% in under a month, driven by its strong product-market fit and leadership in tokenized credit. The company, described as the "largest non-bank provider of home equity financing," has originated $16 billion in home loans since 2018. Its blockchain network currently holds $12.85 billion in active loan values, outpacing competitors. Figure is strategically positioned to become a key technology partner for banks and originators in the rapidly evolving tokenized consumer loan market.
‍Korean Retail Capital Drives Ether's Price Surge Significant Korean retail investment is reportedly fueling Ether's recent price momentum and the growth of corporate Ether treasury firms. CEO of Jan3, Samson Mow, claims approximately $6 billion in Korean retail capital is sustaining Ether's price. Mow warns that these retail investors may be unaware of the ETHBTC chart dynamics. The "Kimchi premium," where Ether trades higher on South Korean exchanges, has surged, indicating strong local demand. However, some experts view this as only a fraction of Ether's overall momentum, emphasizing Ethereum's global appeal. Concerns about sustainability and valuation persist. Andrew Kang, founder of Mechanism Capital, argues Ethereum's valuation is largely driven by "financial illiteracy" and requires significant organizational change to avoid underperformance.
‍Strategy Reports $3.9 Billion Gain Amidst Bitcoin Surge Michael Saylor's Strategy has reported a significant $3.9 billion fair value gain on its Bitcoin holdings in Q3, as BTC reached a new all-time high. Despite this, the company announced a pause in new purchases, highlighting existing returns. Strategy currently holds 640,031 BTC, acquired at an average price below $74,000. Their overall investment has seen a 68% increase, validating their long-term accumulation strategy.