AMD Secures $100B AI Chip Deal
@AMD has secured a multi-year deal with @OpenAI to supply MI450 GPUs, potentially generating $100B in revenue. AMD’s stock surged 41%, marking its largest increase since 2016. #Breaking #Crypto $AMD (+10) ↗
Crypto News
General category for all types of news related to the cryptocurrency world.
AI Agents Risky for Money Management
Eliza Labs founder Shaw Walters claims AI trading agents aren’t investment-ready, focusing on data structuring over treasury management. ElizaOS aids AI agent deployment. #Update #AI
Elon Musk’s xAI Launches Gaming Tutor
Elon Musk’s @xAI is hiring a “Video Games Tutor” for $45-$100/hour to train Grok, aiming to launch an AI-generated game by next year. #Update #AI
Crypto Shares Surge on $59M Winklevoss Deal
@LeapTherapeutics announces a $59M private placement led by Winklevoss Capital to acquire cryptocurrency for its balance sheet, aiming to join public companies holding digital assets. #Update #Crypto
TRX Volume Cooldown Signals Smart Accumulation
TRX shows strength as trading volumes cool, hinting at a potential breakout amid Bitcoin’s rally. Analyst Darkfost sees smart money accumulation ahead of possible acceleration. #Update #Crypto $TRX
Galaxy Digital Launches Nationwide Asset App
@GalaxyDigital launches Galaxyone, a platform allowing users in all U.S. states to trade cryptocurrencies and stocks in one app. #Update #Finance
Robinhood Outage Disrupts Millions of Users
Robinhood experienced a platform outage affecting many users on Oct. 6, following its recent expansion of crypto offerings and listing of Bitcoin-backed financial products. #Update #Finance
Hong Kong SFC Extends Leung’s CEO Term
Hong Kong’s Securities and Futures Commission extends CEO Julia Leung’s term by three years to bolster crypto asset oversight, including new stablecoin regulations. #Update #Stablecoin
Grokipedia Launches in Two Weeks to Combat Falsehoods
Elon Musk’s @xAI will launch the early beta of Grokipedia in two weeks, aiming to combat misinformation. Musk has criticized Wikipedia for bias and misinformation. #Update #Crypto $DOGE
Polymarket Predicts Long U.S. Government Shutdown
Polymarket bettors assign a 72% chance the U.S. Government will remain shut until Oct. 15, with $1.4M in volume; BTC recently rallied above $125K amid funding stalemate. #Update #Crypto $BTC
Defillama Delists Aster Perp Volumes
Defillama has delisted Aster’s perpetual futures volumes after founder 0xngmi highlighted their suspicious similarity to Binance’s, suggesting possible wash trading. #Update #Crypto
Gold Surges Past $4,000 Amid Retail Boom
Gold prices are projected to exceed $4,000 per ounce due to increased retail and central bank demand, shifting funds from traditional assets like treasuries. #Update #Market
FLOKI Surges 23% with ETP Launch
FLOKI jumps nearly 23% after the launch of the Valour Floki SEK ETP on Sweden’s Spotlight Stock Market, marking it as the first BNB Chain token with an ETP. #Update #Crypto $FLOKI
GENIUS Act Launches Banking Revolution Against Rip-offs
The GENIUS Act may drive $6.6 trillion in deposits from banks to stablecoins, prompting Big Tech competition for retail deposits and increased interest rates for consumers #Update #Crypto $USDC