Chicago Fed National Activity Index and Dallas Survey Are Due Monday
The Chicago Fed National Activity Index and Dallas Fed Manufacturing Survey are scheduled Monday. The Fed is due to announce its policy decision Wednesday, Oct. 28.
Day: October 26, 2026
Goldman Sachs Names One Trade to Hedge an AI Market Shock
Japan’s policy shift appears to be making the yen less likely to slump when global yields climb, according to Goldman Sachs. The bank now sees the currency as an effective protection against an artificial intelligence (AI) market shock. The note landed after a tech selloff pulled Japan’s Nikkei 225 well below its record. Chip and […]
Musk Rules Out SpaceX Buying Distressed New Cloud Providers
His statement addressed a potential purchase of newer cloud firms facing financial distress.
22 Companies Opt Out of OKX and ICE Tokenized Stock Project
The proposed first group includes 63 U.S. stocks. A paid ad urged other companies to object within 30 days of receiving notice.
Bitcoin wallet bug let rogue servers steal funds when users tried to speed up payments
Attackers replaced legitimate transactions with fake ones, then waited for users to approve higher fees. At least one person lost bitcoin before developers patched the flaw.
GOAT Agrees to Acquire Epoxy AI Contract Revenue Rights for 11.4 Million Shares
The agreement covers revenues, receivables and other amounts payable under six customer contracts.
Musk warns over 200 AI neoclouds face ‘guppy-level death’
Elon Musk warns that over 200 specialist AI cloud providers could fail or consolidate as lenders tighten up their purse strings. Musk said Sunday on X that lenders had largely stopped providing financing to companies without substantial revenue streams outside AI data centers. He said SpaceX had secured $40 billion in debt financing for GPUs because of its investment-grade status and revenue from its Starlink satellite internet and rocket businesses. “That means the 200+ neoclouds are going to see guppy-level death and consolidation. Some will make it through, but not many,” he said. A neocloud is a specialist cloud company that rents out computing power for AI, usually through data centers packed with powerful GPUs. Musk’s warning follows an October forecast from research firm Gartner that more than 80% of neocloud providers will cease operating independently by 2030, as the industry struggles to generate sufficient returns on massive AI infrastructure investments. The warnings could also have implications for Bitcoin miners that have pivoted into AI infrastructure. For example, IREN has expanded into AI cloud services, renting computing power to customers, while Core Scientific provides data center hosting for neocloud customers such as CoreWeave.Related: Bitcoin hashrate hits seven-month high as AI shift fails to ease mining competitionIn its forecast, Gartner said AI providers are expected to spend nearly $1 trillion on infrastructure in 2026 and another $6 trillion between 2027 and 2030, but said there is insufficient revenue to deliver profitable returns on all those investments. The pressure could be particularly acute for neoclouds, which must earn enough from AI computing services to sustain their operations. Larger cloud companies have more diversified revenue streams that could support AI investment for years, Gartner said. Even strong market growth may not be enough. Gartner forecasts spending on AI-optimized infrastructure-as-a-service will rise from $66 billion in 2027 to $174 billion in 2030, but said most providers could struggle to recover their investment before the current generation of AI chips is replaced. SpaceX sees sharp jump in AI revenueMusk’s comments came days after SpaceX reported that its “Super Intelligence” business generated $7.6 billion in third-quarter revenue, up 830% from a year earlier and accounting for more than half of the company’s $14.6 billion in quarterly sales.The company attributed the growth to new cloud services agreements, its acquisition of Cursor and increased adoption of its Grok AI model.Magazine: AI agents help rescue ETH’s Glamsterdam fork, ‘Steal My Bitcoin’ site: Hodler’s Digest
Quant Trades at $190.42, Up 3.35%, in Early Monday Trading
A daily reading put Quant’s 50-day exponential moving average at $171.75 at 12:05 a.m. ET Monday.
Upbit Puts Initia on Warning List, Pauses Deposits and Withdrawals
An Oct. 26 market snapshot listed INIT at 0.13 USDT, down 13.17% over 24 hours.
Crypto Market Cap Falls 4.47% to $2.68 Trillion as Bitcoin Trades at $80,098
Bitcoin fell 1.01% over 24 hours by 1:08 a.m. ET (05:08 UTC) Oct. 26, while liquidations on Binance, Bybit and OKX totaled $117.8 million.
