Open AI’s Sam Altman: Building a strategic national reserve of computing power makes a lot of sense
OpenAI has been doing damage control following the CFO’s comments on government investment in AI, and now CEO Sam Altman is chiming in.
Tag: infrastructure
Gemini’s XRP Perps Go Live In EU — Why ‘Top Altcoins’ Like $BEST Are In Play
What to Know: Gemini launches XRP perpetuals for EU traders, offering up to 100x leverage and SDC settlement on a regulated venue. The move expands derivatives liquidity and price discovery for XRP, likely tightening spreads and attracting market makers across pairs. Increased hedging and funding strategies can accelerate alt rotations, boosting on-chain activity across wallets, bridges, and DEX aggregators. As EU XRP perps spur altcoin rotations, Best Wallet Token’s $16. 8M presale is a smart purchase now. Gemini just switched on XRP perpetual contracts for EU customers, letting traders go long or short with up to 100x leverage and no monthly expiry. Perps settle in SDC and live inside Gemini’s regulated EU derivatives stack, and this combo offers access to XRP volatility while keeping operations under an institutional-style framework. The launch adds a fresh venue for XRP price discovery and funding-rate strategies, which tends to attract market makers and bring tighter spreads. Why is this important? Because it adds more derivatives liquidity to one of the largest crypto payment assets and pulls capital into alt rotations. As a result, RP has now recovered to above $2. 3 in the last day (+3. 49%), alongside many of the best altcoins on the market, including Ethereum (1. 15%), Solana (+1. 33%), and BNB (+0. 14%). When a Tier-1 venue lights up a new perp, traders often start hunting catalysts across the rest of the board. And it’s often wallet infrastructure that sees the upside because that’s where users bridge, swap, and stake while moving between trades. That’s the setup that can funnel attention toward top altcoin with direct utility. Enter Best Wallet Token (EST) and Best Wallet, a non-custodial, multi-chain wallet with an integrated DEX aggregator, a curated ‘Upcoming Tokens’ presale hub, and a planned debit card. EST owners get fee reductions, governance, staking boosts, and access to some of the best crypto presales on the market. If XRP perps kick off risk-on rotations, a wallet token that monetizes swaps and presale activity is a clean way to play the flow without guessing single-coin winners. More perp venues usually equal more trading cycles, more bridging, and more on-chain execution. Wallets that compress those steps into one interface capture value at the ‘picks and shovels’ layer, and Best Wallet (alongside ES) is designed to sit exactly there. ➡️ To learn more about Best Wallet Token, read our guide. Best Wallet Token (EST) Multi-Chain Wallet With Built-In Presale Access Best Wallet is a non-custodial app built for daily use, not cold storage. It supports six major chains (Solana and Ethereum among them), routes same-chain and cross-chain swaps through an integrated DEX aggregator, and offers vetted ‘Upcoming Tokens’ so you can join early presales from inside the wallet. It also offers multi-wallet asset management, buying and selling within the wallet, on-ramp services, and a continuously-evolving DeFi ecosystem. Best Wallet Token (EST) ties it all together with trading fee reductions, governance rights, and boosted staking rewards (a staking aggregator is in the works as we speak). The roadmap shows a browser extension, NFT gallery, richer portfolio views, and a debit card to spend crypto are coming in the future. That mix turns EST into a utility token linked to swaps, discovery, and payments. So, when derivatives activity sends users rotating between majors and alts, EST’s unified flow helps capture those transactions at the point of execution as the mechanism that returns value to holders. EST’s presale has raised over $16. 8M, with a token price of $0. 025905, with the total raise at $16. 85M. The token’s got substantial potential come next year our EST price prediction shows a potential price point of $0. 05106175 by the end of 2026 (a 97% increase from today’s price). That’s not the only way to gain from this presale, though. You can stake your EST tokens immediately after purchase for a dynamic 78% APY (it will drop as more users stake). ➡️ Here’s how to buy EST right now. All in all, Gemini’s move signals bullish times for altcoin rotations, and traders are already making moves. And Best Wallet Token can be one of the smartest investments in this period, especially if price predictions come true. Join the EST presale before it ends in 22 days. Authored by Elena Bistreanu, NewsBTC Disclaimer: This is informational only. Presales and derivatives carry high risk. Verify contract addresses, read official docs, and never invest more than you can afford to lose.
Exclusive: China bans foreign AI chips from state-funded Data Centres, sources say
The Chinese government has issued guidance requiring new data centre projects that have received any state funds to only use domestically-made artificial intelligence chips, two sources familiar with the matter told Reuters. In recent weeks, Chinese regulatory authorities have ordered such data centres that are less than 30% complete to remove all installed foreign chips, or cancel plans to purchase them, while projects in a more advanced stage will be decided on a case-by-case basis, the sources said. The move could represent one of China’s most aggressive steps yet to eliminate foreign technology from its critical infrastructure amid a pause.
Spain–Morocco Tunnel : New details on the Gibraltar Strait megaproject
Updates to the long-awaited project linking Spain and Morocco suggest that the dream of an undersea tunnel across the Strait of Gibraltar is now within technological reach. The German firm Herrenknecht, a global leader in tunnel-boring technology, has completed a feasibility study confirming that the infrastructure, while highly complex, is technically achievable. Commissioned by Spain’s Secegsa (Sociedad Española de Estudios para la Comunicación Fija a través del Estrecho de Gibraltar) under the Ministry of Transport, the report marks a milestone for a project studied for over fifty years. According to Vozpópuli on Wednesday, the Spanish government has had the report.
Magnificent 7 tech stock has outperformed crypto YTD
The post Magnificent 7 tech stock has outperformed crypto YTD appeared com. Tech stocks moved ahead of the crypto market, locking in a respectable 42% gain in the year to date. At the same time, the crypto market erased its gains for a net expansion of just 16% for the year to date. The Magnificent 7 tech stocks have a lead on crypto with a 42% yearly gain. The shares of Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla outpaced crypto, which had an uneven performance. The Magnificent 7 stock index climbed more gradually since April, outperforming crypto for yearly gains to date. 2% gain for the year, but the entire crypto market capitalization is down, as top tokens and altcoins underperformed. The crypto market capitalization is at $3. 55T, though most of the value is concentrated in the top 100 assets. The recent price performance of the NASDAQ index was also weaker, adding 27. 2% in the year-to-date. The S&P 500 added 18. 8% for the year to date, outside the exceptional performance of top tech stocks. The recent gains for tech shares posed the question of the position of crypto, either as a secure store of value or as a riskier and more volatile alternative to tech stocks. Can tech stocks replace crypto? Tech stocks and other active sectors are fulfilling one of the roles of crypto. With increased liquidity and a less risky downside, stocks are outperforming the crypto space. The lack of an altcoin season and the slowdown of memes also mean crypto space no longer offers the potential for outsized gains. At the same time, altcoins suffer deeper drawdowns. BTC and ETH remain the two mainstream alternatives to stocks, still seeing mainstream inflows. Crypto stocks and the shares of mining companies have also performed better in comparison.
Dems win non-federal statewide offices in Georgia for first time in 20 years
Democrats were projected to score a major victory on Tuesday night by winning a pair of statewide offices in Georgia the first time in 20 years Democrats have won in a non-federal office in that state. The candidates, Alicia Johnson and Peter Hubbard, were elected to seats on the Georgia Public Service Commission, defeating incumbent Republican commissioners Tim Echols and Fitz Johnson. The Georgia Public Service Commission is a body that oversees utilities in the state, including electricity, natural gas, and telecommunications infrastructure. Democrats’ victory comes at a time when energy prices around the country have surged. President Donald Trump campaigned on a platform of abundant energy, but almost immediately after taking office, his administration worked to roll back approval for clean energy projects and create new regulatory hurdles for additional ones. While Georgia has become a battleground state in recent years, voting for former President Joe Biden in 2020 before flipping to Trump in 2024, while in multiple elections choosing Democrats for the Senate, Republicans have, for over a decade, held a monopoly on non-federal state-level offices. The Public Service Commission victory precedes a high-profile midterm election year in which Democrats hope to compete for the governor’s mansion and a number of other row offices. In particular, Geoff Duncan, the former Republican lieutenant governor, defected to the Democratic Party after years of opposition to Trump and has launched a gubernatorial campaign.
Balancer Exploit Drains $100M: What It Means for Ethereum Price
The post Balancer Exploit Drains $100M: What It Means for Ethereum Price appeared com. Key Insights: Ethereum price came under pressure after attackers drained over $100 million in ETH-linked assets in the Balancer hack. BNB Chain said its projects were unaffected and urged forks to check exposure. On-chain trackers recorded large WETH, osETH, and wstETH transfers to new wallets. On November 3, 2025, the Balancer hack made headlines. The DeFi protocol suffered a coordinated exploit that drained more than $100 million in digital assets from its vaults. The event immediately put Ethereum price and DeFi security back in the spotlight as on-chain analysts traced ETH-linked flows across multiple wallets. Ethereum Price in Focus Amid $100M Balancer Hack Ethereum price comes into focus as Balancer’s frontend and vaults were compromised in a targeted exploit that redirected users to a malicious interface. The attack resulted in significant outflows of WETH, osETH, and wstETH, all tied to Ethereum staking and liquidity network. The breach affected multiple vaults, and early data suggested nine-figure losses. Attackers automated withdrawals from Balancer’s V2 pools, which limited the team’s ability to intervene in real time. Community alerts circulated within minutes, warning users not to interact with Balancer until the platform confirmed containment. Screenshots shared across X showed wallets receiving thousands of ETH-denominated tokens within rapid block intervals. The scale of the exploit made it one of 2025’s largest DeFi incidents. Analysts said the event highlighted the ongoing risk of front-end vulnerabilities that expose users even when smart contracts remain secure. Ethereum price drew market focus because most of the stolen assets were ETH derivatives, linking the hack directly to Ethereum’s liquidity ecosystem. Analysts said the exploit might influence short-term sentiment around the Ethereum price as traders tracked outflows. As of press time, ETH price traded near $3700, down 4. 2% over the past 24 hours.
Indonesia Plans Phased Launch of Digital Rupiah by 2030
The post Indonesia Plans Phased Launch of Digital Rupiah by 2030 appeared com. Key Points: Bank Indonesia to implement digital Rupiah, shaped by blockchain. Project led by Perry Warjiyo with phased rollout by 2030. Digital assets backed by government securities tokenize transactions. The Central Bank of Indonesia plans to launch a digital rupiah by 2030, beginning phased testing in 2025 for digital securities, monetary operations, and advanced cryptocurrency features. This initiative positions Indonesia at the forefront of digital finance innovation, potentially reshaping the country’s financial infrastructure through distributed ledger technology and tokenized government bonds. Bank Indonesia Targets 2030 for Digital Rupiah Completion Bank Indonesia revealed its plan to launch a digital version of the Rupiah under a phased roadmap. The project involves extensive testing between 2025 and 2028, focusing on digital securities issuance and advanced features by 2030, utilizing distributed ledger technology. This initiative is led by Governor Perry Warjiyo. The phased rollout starts with digital securities and will expand to broader financial transactions. The initiative aims to integrate programmability and tokenization into the monetary framework, potentially influencing the financial market’s operation and efficiency. “We will issue Bank Indonesia securities in digital form the digital rupiah with underlying SBN, Indonesia’s national version of a stablecoin.” Perry Warjiyo, Governor, Bank Indonesia Indonesia Joins Asian CBDC Movement, Spurring Blockchain Utilization Did you know? Indonesia’s decision mirrors other Asian nations like China and Hong Kong, which have also developed CBDC trials to strengthen local currency infrastructure while reducing reliance on USD-pegged assets. Ethereum (ETH) trades at $3,879. 52 with a market cap of $468. 25 billion as of November 2, 2025. Recent activity shows a 0. 74% 24-hour increase, amidst a 60-day downtrend of 10. 54%, per CoinMarketCap. Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 03: 01 UTC on November 2, 2025.
Ukraine says forces hit fuel pipeline near Moscow that supplies Russian Army
Ukraine says forces hit fuel pipeline near Moscow that supplies Russian Army
Standard Chartered projects $2T tokenized asset boom by 2028
Key Takeaways What does Standard Chartered predict for tokenized real-world assets by 2028? The bank projects RWAs will grow from $35 billion to nearly $2 trillion, driven by liquidity and innovatThe post Standard Chartered projects $2T tokenized asset boom by 2028 appeared first on AMBCrypto.