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Noel Walsh, head of Microsoft's Cloud Operations and Innovation department, stated that the company will bear the electricity costs associated with the expansion of data centers, without relying on government subsidies or passing costs onto other electricity consumers. Microsoft plans to invest $117 billion this year in building AI and cloud service computing power.Microsoft is collaborating with Chevron and investment firm Engine No. 1 to advance the large data center and supporting power project Project Kilby in West Texas. The project was previously affected by a local data center approval suspension but is still scheduled to begin construction in 2028 and fully operate by 2031. Chevron stated that the project will create jobs and stabilize tax revenue for the local area; Microsoft indicated that data center construction must bring net benefits to the community where it is located, or it will be difficult to continue.

Arbitrum cites EVEDEX data stating that the total value locked on this perpetual contract trading platform has increased by 418% over 12 months.

As the Nvidia board met on Thursday to decide the fate of CEO Jensen Huang, the company's debt default insurance costs rose. ICE Data Services data showed that the cost of Nvidia's five-year credit default swaps (CDS) rose by 3.25 basis points at one point, to 1.445% per year, close to the intraday high set on November 3.Although this cost has more than doubled since the middle of the year, it is still only about half that of lower-rated mega cloud computing companies SpaceX and Oracle. According to a source familiar with the matter, the Nvidia board has been working with an external firm to identify potential CEO successors after reports of multiple extramarital affairs involving Jensen Huang. The board is considering appointing an interim CEO while searching for a permanent successor.

Inflation data for October in the United States sends multiple warning signals. The data shows that the core CPI rose by 0.3% month-on-month, higher than the market expectation of 0.2%, exceeding expectations for the third consecutive month; the overall CPI rose by 0.4% month-on-month, also above expectations. The impact of rising energy prices is spreading to areas such as food and transportation, and service inflation remains robust, further complicating the Federal Reserve's efforts to control inflation.Specifically, food prices in the U.S. rose by 0.5% month-on-month in October, with grocery prices recording the largest monthly increase since April; urban transportation service prices saw the largest monthly increase since 2020, and prices for airline tickets and delivery services also increased. Additionally, service prices excluding energy and housing rents rose by 0.4% month-on-month, while owners' equivalent rent increased by 0.3%.AI investments are bringing new cost pressures. Over the past three months, the annualized price increase for computers and peripheral devices in the U.S. reached 25%, and electricity prices rose by 0.9% month-on-month in October, marking the largest increase in six months. Morgan Stanley estimates that AI-related factors have contributed about 6 basis points to the core CPI this year, with the current impact still relatively limited, but as data center investments expand, related pressures may rise further.In terms of monetary policy, Chicago Fed President Goolsbee described the latest inflation data as approaching an alarming level. Fed Governor Waller previously stated that if the core CPI month-on-month increase reaches 0.3% or higher, the December meeting should consider raising interest rates by 50 basis points. Goldman Sachs has included a forecast for an additional 25 basis point increase in March 2027, expecting that the target range for the federal funds rate will rise to 4.25% to 4.50%. However, some economists warn that there is a lag in the transmission of energy prices, and over-reliance on current data may lead to excessive tightening of monetary policy.

Tavi Costa, founder and CEO of Azuria Capital, stated that Bitcoin is currently "severely undervalued," and many previous supporters have chosen to give up. He expects that as the Federal Reserve's interest rate hike cycle comes to an end, both Bitcoin and silver will experience "dramatic volatility."Costa believes that the next decade will be dominated by two macro forces: a weakening dollar and suppressed yields. Against this backdrop, silver and mining stocks have become his favorite hard asset trading targets, and he claims that mining stocks appear to be a macro arbitrage opportunity.He also mentioned that gold has experienced about a 30% pullback during a long-term bull market, and the current situation of silver and Bitcoin is "very similar"; at the same time, he believes that there is no AI revolution without metals, and high-grade silver mines cannot be created out of thin air.

Glassnode posted on platform X that Bitcoin has fallen below the short-term holder cost price of $75,600, underperforming compared to U.S. stocks, and the funds that could drive its rise are continuously flowing out. Currently, about 35% of short-term holders are in profit, with sellers averaging small losses.In terms of capital, the total supply of stablecoins has decreased by $14.2 billion over the past 30 days, marking the fastest contraction since June 2022; the U.S. spot Bitcoin ETF has seen a net outflow of $1.6 billion over the past 20 trading days; excluding the impact of USDT falling below $1, the 30-day average premium on Coinbase has remained negative, with the discount being the deepest since February. On the macro front, the two-year U.S. Treasury yield is at 4.75%, which is 75 basis points higher than the current 4% rate of the Federal Reserve, indicating that the bond market expects further rate hikes, but it is far from the level of 244 basis points in June 2022.However, there are also positive signals, as the decline has cleared most of the long leverage near the price, with the largest concentration of liquidations located between $59,500 and $62,600; since the sell-off on November 5, buy orders within a 5% price range in the Binance and Coinbase spot order books have consistently outnumbered sell orders; wallets holding between 100 to 1,000 BTC and 1,000 to 10,000 BTC have started to accumulate over the past week.Glassnode stated that if it returns to $75,600, it will support the judgment of a trend reversal in August; if it continues to fall below $73,000, it may enter a longer period of consolidation; if it closes below the June low of $58,500, the trend reversal since August will be broken.

The locally developed AI Agent Alma, led by independent developer Yetone, ranked third in the latest round of cross-evaluation initiated by the AI Agent infrastructure company Runta, both in task success rate and cost of success, outperforming tools like Claude Code and OpenCode. The current leaderboard snapshot shows that Alma has a task success rate of 72.7%, just behind Codex CLI at 77.9% and Pi at 72.8%, while Claude Code stands at 70.0%.Alma costs approximately $0.80 on average for each successfully completed task, compared to Claude Code's $0.94, making it about 16% cheaper. This FrontierHarness v1.1 comparison evaluates the performance of the same large model under different Agent execution frameworks, covering 21 sets of Harness configurations, 5 large models, and 62 tasks, with each task repeated 4 times, planning to run a total of 26,040 times, which is 72 times the scale of the previous version. All tools operate in a unified cloud environment, comparing task success rates, token costs, and execution speeds.Alma emphasizes local operation and long-term memory, capable of reading and modifying code, executing terminal commands, searching the web, and supporting Skills and MCP, while also allowing for switching underlying models. Recently, Alma integrated with Herdr, allowing programming Agents like Claude Code, Codex, and Pi to continue operating within Herdr, and enabling users to view execution processes, respond to questions, and approve operations in a centralized chat interface. Users can also remotely manage multiple Agents on their computers via iPhone. The evaluation is still ongoing, and rankings may change; the models being tested are limited to open-source models like GLM, DeepSeek, Kimi, and Muse, and do not cover closed-source models from the GPT and Claude series.

According to official news, the American robotics company Nidus announced the completion of a $30 million financing round, led by Kleiner Perkins and Costanoa, with participation from Ludlow Ventures, SF1, Absolute Partners, Tau, and angel investors, including Chris Power, founder of Hadrian, Adrian Aoun, co-founder of Dulo, and Nikhil Goel, Chief Business Officer of Archer.Nidus develops and deploys foundational robotic models that enable traditional industrial robots to perform precision assembly tasks, utilizing a sovereign AI training approach that allows clients to retain their own knowledge. The company currently delivers customized models for harness processing automation on its proprietary platform, which is built according to the security requirements of the U.S. Department of Defense. Nidus claims that its revenue has surpassed seven figures within the first four months of its establishment. This round of funding will be used to expand the engineering team, extend automation from harness processing to more factory processes, and scale deployments with U.S. defense manufacturers.

Michelle Bowman, the Vice Chair for Supervision at the Federal Reserve, stated that inflationary pressures persist while the labor market is stabilizing. She expects the core PCE in October to rise to 3.3% year-on-year, with rising energy prices and AI-related demand as the main driving factors. Bowman noted that the recent decline in stock prices, the rise in U.S. Treasury yields, and the strengthening of the dollar have tightened financial conditions, necessitating a careful assessment of the costs and benefits of further tightening policies.

Grayscale announced the launch of the investor education platform Zcash Invest and placed a cover advertisement in the print edition of The Wall Street Journal to promote Zcash and its Zcash ETF (ZCSH). This promotional campaign will also cover channels such as outdoor advertising, streaming media, and social media.Grayscale plans to use all the initiation fees collected in the first year for ZCSH as an exchange-traded product (ETP) to support the development, promotion, and education of the Zcash network, and plans to provide $1 million in funding to relevant nonprofit organizations and projects.The first $400,000 has been granted to the Zcash Foundation, Pretty Good Policy for Zcash, Shielded Labs, and Project Tachyon, with each receiving $100,000.

According to on-chain analyst Ai Yi's monitoring, a certain address that had been dormant for a year made a single purchase of $5.4 million worth of ETH 5 hours ago, with a cost price of $2113.46.This address received 5.4 million USDT yesterday for bottom fishing. These funds have been stored in the wallet since being withdrawn from multiple exchanges three years ago, when the ETH price was around $1500.

After a field visit to the Yuanjing Star River base in Ulanqab, Inner Mongolia, the American semiconductor research organization SemiAnalysis stated that the construction cost of this Chinese AI data center park may be only one-fifth of similar projects in the United States. The first phase of the Star River base, with a capacity of 120MW, was completed and delivered in less than a year. On August 6 of this year, the infrastructure for the first phase was completed, and the wind power and energy storage company Yuanjing Technology announced that the base officially commenced production. After nearly three months of electromechanical debugging and deployment of computing power equipment, the first phase of the approximately 200MW project was fully delivered to customers by the end of October.The entire park is planned to reach an IT power supply capacity of 800MW by the end of 2027, comparable to the approximately 820MW planned for OpenAI's Stargate Abilene core park, which is expected to reach this scale by the end of 2026. Stargate is a data center construction plan covering multiple states, with an initial goal of implementing 10GW of AI infrastructure capacity in the United States by 2029. In April of this year, OpenAI announced that it had secured over 10GW of planned capacity ahead of schedule, but these data centers have not all been completed and put into operation.Yuanjing Technology integrates power generation, energy storage, power supply, and data center construction, having built two wind farms with a total installed capacity of 420MW and supporting battery storage, aiming for over 60% of the electricity used by the first two phases of the data center to come from its own wind power. In contrast, the American Stargate Abilene park mainly relies on the grid and on-site gas-fired power generation facilities for electricity. Yuanjing has already operated an 800V high-voltage direct current system in a 5MW machine room, directly converting 10kV alternating current into the direct current required for server cabinets. The park also employs a cooling design that does not require central chilled water units, allowing liquid-cooled and air-cooled servers to share a single water circulation system.

Strive's Chief Investment Officer Ben Werkman stated that the growth rate of Bitcoin holdings per share is a key indicator of the capital allocation efficiency of treasury companies, but it cannot be assessed in isolation from financing costs and capital structure.When a company's stock price is at a premium relative to its Bitcoin net assets, issuing common stock to purchase Bitcoin can increase the per-share holding amount. Stock buybacks can also enhance this metric, but may deplete cash reserves. Werkman noted that if the funds raised from preferred stock financing are continuously used to buy back common stock, it may weaken the asset protection of preferred stock dividends and harm the interests of preferred stock investors.

Anthropic released Claude Fable 5.2 and the restricted version Mythos 5.2 on Monday, stating that the new model can transform a small number of instructions into runnable software, design physical objects, and address research questions that previously required a professional team. The official announcement claims that its output speed has improved by up to 30% compared to the previous generation, with Fable 5.2 scoring 49.1% in the internal FrontierCode 2 evaluation, higher than Fable 5.1's 32.4%. Both share the same underlying model, with Fable having stricter protections against dangerous biological and cybersecurity requests, while Mythos is only open to certified institutions in relevant fields.In terms of pricing, the standard API price is $8 per million input tokens and $40 per million output tokens, lower than the previous generation's $10 and $50; an optional fast mode can increase output speed by up to 2.5 times, but the rates double to $16 and $80. In comparison, Kimi 3.1 Pro is priced at $2 and $10, while the latest DeepSeek model is $0.6 and $1.98 during off-peak hours.AI blogger Matthew Berman's tests show that Fable 5.2 can generate playable games and a browser version of Excel. One level styled after "Gears of War" took 43 hours and 48 minutes to complete, consuming 8.63 billion tokens, with an estimated cost of $14,710 based on developer pay-per-use estimates; the Excel clone is estimated at about $11,700, and a "Fall Guys" style game ran for 71 hours, consuming over 9 billion tokens, approximately $13,000. Anthropic provides one week of Fable access for Pro users and standard Team seats, capped at half of the weekly quota, with promotional access for Pro users ending on November 16.

Cosmos Labs has donated the cross-chain communication protocol IBC to the decentralized trust project under the Linux Foundation (Linux Foundation Decentralized Trust).The initial technical committee established after the transfer of IBC consists of seven members, with Cosmos Labs occupying five seats, and the remaining maintainers coming from Datachain and OpenZeppelin.

According to official news, Hyperliquid's first L2 network Elysium announced its official launch of the mainnet on social media.