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Luxor Technology raised $16 million to expand its AI hardware brokerage and computing-power trading operations as bitcoin miners repurpose infrastructure for artificial intelligence. The company is developing contracts designed to help buyers and sellers manage future computing prices.
Arthur Hayes has proposed using Flop Network and its FLOP token to establish a benchmark price for AI computing power, potentially supporting compute-linked derivatives. The plan follows his reported sale of about $22 million in tokens from Hayes-linked wallets.
Luxor Technology has raised $16 million in a strategic round led by CMT Digital to expand its AI computing business, building on Bitcoin-mining expertise in energy, hardware, cloud services and compute-market trading.
A vulnerability linked to the Bloom Telegram trading bot drained $953,000 from 48 Solana wallets belonging to nine traders in 94 seconds. Bloom blamed a third-party module, pledged full reimbursement and said private keys were not accessed or compromised.
RedotPay is weighing a confidential filing for a US IPO by the end of 2026, while discussing a pre-IPO round that could value the Hong Kong stablecoin payments company at $4 billion to $5 billion, according to reporting cited by Cointelegraph.
Injective has launched perpetual futures tied to rental prices for Nvidia’s H100, B200, H200, A100 and RTX 4090 GPUs. The index offers up to 10x leverage and may help AI companies hedge computing costs as concerns grow over neocloud profitability.
Seoul police arrested seven people over an alleged AI-assisted hacking campaign that compromised about 90 organizations and exposed 8.2 million records. Investigators say the suspected leader used automated coding and penetration-testing tools to breach 60 companies in 44 days.
SpaceX has committed to roughly $40 billion in GPU leases for its AI data centers, while Elon Musk warns that lenders are retreating from neoclouds without revenue beyond AI. Rising hardware depreciation, high borrowing costs and possible oversupply are intensifying pressure on the sector.
Bitmine added 10,452 ETH to its holdings but made a bigger move into share buybacks, repurchasing 2.04 million shares and lifting its 2026 total to 22.9 million shares worth about $399.6 million.
The post Will XRP Price Crash Ahead of November Escrow Unlock? appeared first on Coinpedia Fintech News XRP’s monthly escrow unlocks have not consistently caused price declines in the past 106 unlock events since Januar...
Hong Kong has designated Nasdaq-listed Solana Company a strategic enterprise under its business-attraction program. The firm plans to establish Solana validator operations in the city through Pacific Backbone, while receiving government links to regulators, talent and institutional partners.
Wells Fargo, Cisco, Marvell, Arm, Moderna and Intuit have objected to trading their shares on the planned OKX-ICE tokenized-stock venue, lifting the total number of objecting companies to 22. The platform’s notice also disclosed risks involving liquidity, smart contracts and trading protections.
More than 10,000 complaints about crypto transaction restrictions were filed against U.K. banks over 90 days, according to Stand With Crypto. Lloyds received the most complaints, highlighting tensions between banking practices and Britain’s ambition to become a global cryptocurrency hub.
Sweden’s Government Offices will block ChatGPT and Claude on staff computers from October 26, citing information-security risks. Microsoft Copilot will remain approved after a government review, although officials have not confirmed whether Claude models are enabled within that platform.
Strategy and Strive have used perpetual preferred shares to help fund purchases of nearly 136,000 bitcoin. Analysts say the securities broaden demand beyond ETFs, but dividends, buybacks and weaker market conditions could limit the companies’ ability to keep buying.
Microsoft, Alphabet, Goldman Sachs, McDonald’s, Wells Fargo and Cisco are among 22 companies objecting to tokenized versions of their shares being traded on the OKX-ICE venue. The pushback highlights unresolved questions about shareholder rights, market safeguards and the benefits for issuers.
Cisco, Wells Fargo, Marvell, Arm, Intuit and Moderna have rejected OKXICE’s tokenized stock plan, bringing total objections to 22. The responses underscore the challenge of attracting issuers under the SEC’s new framework, while OKXICE says companies are taking a wait-and-see approach.
Apex Group CEO Peter Hughes said the U.S. risks losing digital-asset business to Asia, the Middle East and Bermuda after the Senate failed to advance the Clarity Act. He also highlighted Saudi Arabia’s tokenization plans and the potential of tokenized funds and regulated stablecoins.
