BlockBeats news, on November 7, OpenAI CFO Sarah Friar said in an interview with CNBC on Friday that the company will not change its AI infrastructure investment plans due to the results of the US midterm elections. It will continue to cooperate with major hyperscale cloud service providers and meet AI customer demands through financing. She believes that the election results will not cause significant changes to the company's business, but as data centers receive more attention, OpenAI will con

BlockBeats news, on November 7, according to Bloomberg, Wall Street's reaction to the U.S. midterm elections turned negative within about 24 hours. Thursday's sell-off spread from retail investors to hedge funds, long-only asset managers, and quant strategies, causing the U.S. stock market to lose about $3.7 trillion in market value in a single day. The Nasdaq 100 index recorded its largest drop since March 2020. After the election, the stock market initially rose due to the fading event risk a

BlockBeats news, on November 7, according to Bloomberg, Brazilian digital bank Nubank temporarily suspended cryptocurrency deposit and withdrawal services in the Brazilian market due to issues with an external service provider. The company stated on Friday that all assets and information remain protected, the issue is unrelated to its own infrastructure, and customer security will not be compromised. Nubank did not disclose the name of the external partner and said other crypto products are ope

BlockBeats news, on November 7, according to CoinGlass data, the Coinbase Bitcoin premium index has recorded negative values for 44 consecutive days, with the latest at -0.17%, indicating that purchasing power in the U.S. market continues to be sluggish. Previously, on August 24, the Coinbase Bitcoin premium index showed a positive signal for the first time since May 19, reporting 0.0052%, temporarily ending the longest historical negative premium period of 97 consecutive days. The Coinbase Bi

BlockBeats news, on November 7, the prototype figure of the "big short" Michael Burry disclosed his latest personal position adjustments through his Substack account. He continues to hold put options on Palantir (PLTR), Caterpillar (CAT), QQQ, and Oracle (ORCL). He has sold 25% of his semiconductor ETF (SMH) put options but stated that the position size remains "very large" after the reduction. At the same time, he increased his position in MercadoLibre (MELI) by 50% and said he bought when the

BlockBeats news, on November 7, Galaxy Research head Alex Thorn posted that even if the Democratic Party wins both houses of the US Congress, significant progress on key digital asset legislation is still expected to be difficult. Leadership of congressional committees will also change. Warren may become chair of the Senate Banking Committee, and Maxine Waters is expected to regain control of the House Financial Services Committee. Several pro-crypto Republican lawmakers lost their seats, but t

BlockBeats news, on November 6, according to CNBC, the prediction market Kalshi shows that the probability of Anthropic announcing an IPO before December 1 dropped from nearly 90% to 57% over the past week; the probability of announcing an IPO before January 1, 2027, also fell from over 88% to 68%. The related contracts bet on the official announcement time of the company's IPO, verified by news media reports. Anthropic confidentially submitted its IPO prospectus to the U.S. SEC in June this ye

BlockBeats news, on November 6, after the release of the US October non-farm payrolls, according to CME "FedWatch": the probability of the Federal Reserve keeping interest rates unchanged in December is 22.3%, and the probability of a 25 basis point rate hike is 77.7%. Previously reported, the US October seasonally adjusted non-farm payrolls increased by 165,000, far exceeding the expected 65,000, and the previous value was revised from 29,000 to 60,000.

BlockBeats reports that on November 6, after Warren Buffett stepped down as CEO, Berkshire Hathaway is attempting to expand its investments in the artificial intelligence (AI) sector. However, the technology investment strategy promoted by the new CEO, Greg Abel, soon faced the test of market adjustments. With Alphabet's stock price falling, Berkshire Hathaway's unrealized losses on its holdings are estimated to be about $3 billion. In June this year, Berkshire spent about $10 billion participa

BlockBeats news, on November 6, a preliminary survey by the University of Michigan showed that the U.S. consumer confidence index rose slightly by about 6%. Expectations for personal financial conditions and business environment improved in several areas, but the improvements were mainly concentrated among independent voters. Although confidence among low-wealth and middle-wealth consumers increased, confidence among high-wealth consumers holding large amounts of stocks fell by 5% after recent s