Micron, Sandisk and other AI stocks are falling hard: ‘Investors don’t like uncertainty.’
Wall Street is digesting the prospect of a slower AI buildout in the wake of the midtermelection results. Source:MarketWatch
Billionaires aren’t off the hook for higher taxes, even if they did dodge California’s wealth tax
Silicon Valley spent big to kill California’s wealth tax — but incoming Democrats are eyeing a national fight. Source:MarketWatch
Blockchain is ‘perfect solution’ for AI agent trust, VeChain CEO says
Sunny Lu said AI agents would need identity and reputation systems, making the case while promoting agentbuilding platform VeWorld.ai. Source:Cointelegraph
Can decentralized phone networks power the AI revolution?
Decentralized AI networks want to turn everyday phones into an alternative to centralized computing infrastructure — but skeptics have their doubts.…
Google could take stake in bitcoin miner TeraWulf’s $19 billion AI project if Anthropic defaults
A $19 billion datacenter agreement includes an unusual provision allowing Google to acquire part of the project if Anthropic fails to pay its rent.…
Ukraine’s central bank opposes crypto bill, citing monetary sovereignty concerns
Ukraine’s central bank won’t back a crypto legalization bill in its current form and wants lawmakers to revise it before a final vote. Source:CoinDesk
Robot maker Agility starts trading today — but its steep losses are raising red flags
Agility is going public via a SPAC merger that one executive says will give it a “firstmover advantage.” Source:MarketWatch
Trump’s memecoin ventures derailed CLARITY Act, Scaramucci says
The SkyBridge founder said disputes over ethics restrictions also stalled negotiations, with both sides responsible for the setback. Source:Cointelegraph
An Anthropic IPO when the AI trade is this turbulent? Godspeed!
Wall Street takes a harder look at AI costs after historic midterm results. Plus, the upside to Apple’s lack of artificialintelligence spending.…
A strategist draws a 1980s parallel to argue bipartisanship could power a ‘bull stampede’
In the 1980s, a Republican president, a Democrat Speaker of the House and an inflationfighting Federal Reserve chairman powered a stockmarket rally.…
Bitcoin miners are oversold following 35% October rout, VanEck says
Investors dumped AI infrastructure providers across the board in October, treating companies in very different sectors as one monolithic trade. Source:CoinDesk
Thailand to block Bitget in December over unlicensed crypto trading
Thailand’s SEC filed a criminal complaint against Bitget’s operator, with access to its website and app set to be blocked from Dec. 5. Source:Cointelegraph