Tech’s $1 trillion sell-off puts AI spending and business models under scrutiny
A sharp decline in the Magnificent Seven is intensifying questions about AI returns, power access and whether investors should assess the technology giants individually.
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AI becomes the main revenue engine for TeraWulf and IREN
TeraWulf’s HPC leases and IREN’s AI cloud services now dominate quarterly sales, while losses, funding needs and delivery schedules show the cost of moving beyond bitcoin mining.
CFTC gives exchanges 30 days to address geographic access restrictions
The derivatives regulator says domestic trading barriers that breach impartial-access requirements must end, while venues unable to comply must explain their position.
Aave reopens markets in stages after emergency Binance-related freeze
Aave initially froze 292 reserves to block further use of stolen Binance assets. Later updates restored many functions, while restrictions on stablecoin collateral remained.
Binance’s $6.34 billion funding pledge faces the test of recovery and reserves
Binance pledged corporate funds to replace assets after the October 29 theft. Withdrawals have begun reopening, while frozen funds and completed recoveries remain separate measures.
CZ’s dispute with Musk draws attention to Binance’s claimed SpaceX stake
Changpeng Zhao linked his response to Musk’s Binance-breach commentary with a claimed billion-dollar SpaceX holding. The investment’s precise structure and valuation remain unconfirmed.
China’s AI-made feature faces weak ticket demand after a wide cinema launch
Sanxingdui: Future Past reached thousands of Chinese cinema screenings, but limited early sales exposed the gap between an AI production milestone and audience demand.