Crypto News

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SoFi has launched SoFi Earn, a tokenised deposit product called SOFIE that offers a 4.4% annual percentage yield (APY), subject to eligibility and changing terms. SoFi says it is the first nationally chartered US bank to offer tokenised deposits directly to retail customers. Each SOFIE represents a $1 deposit at SoFi Bank and earns interest while held. Customers can convert SOFIE at a 1:1 ratio into SoFiUSD for crypto purchases or transfers to supported external wallets. The underlying eligible bank deposit may qualify for FDIC insurance within applicable limits and conditions; SoFiUSD and on-chain transactions are not automatically insured. Redemption rules, withdrawal limits and APY terms will be important for users. The launch connects bank deposits with blockchain-based liquidity as SoFi expands its crypto services, which include trading more than 40 cryptocurrencies. Traders will watch adoption, deposit-insurance terms and whether other banks follow. SOFIE’s 4.4% yield may appeal to users holding funds between trades, though its direct effect on broader crypto markets is uncertain.

The Prince Group case centres on about 127,000 Bitcoin, valued at roughly $15 billion when US charges were filed in October 2025. The US government holds the coins and is seeking civil forfeiture, but their origin and how authorities obtained the private keys remain disputed. Blockchain analytics firm Elliptic has traced the Bitcoin to a 2020 theft from mining pool LuBian; US prosecutors allege the assets are linked to fraud and money laundering. The coins have reportedly remained inactive in government-controlled wallets since 2024. Authorities in several jurisdictions are also pursuing Prince Group-linked assets: Cambodia reported freezing nearly $1 billion and identifying 198 affiliated companies, while Hong Kong, the UK, Singapore, Taiwan and South Korea have taken separate actions. Freezes do not determine who will ultimately receive the assets. Victims seeking compensation face a legal hurdle. Their lawyers say many losses were paid in fiat currency or USDT, and the US Justice Department argues those losses cannot be directly linked on-chain to the seized Bitcoin. The ownership and eventual distribution of the Bitcoin remain unresolved. US lawmakers have also floated adding it to a proposed strategic Bitcoin reserve. No immediate sale is indicated, but a future forfeiture or distribution could affect market expectations around a large, dormant Bitcoin holding.

US spot Bitcoin ETFs attracted about $525 million to $527 million in a single day, the strongest daily inflow in more than a month. BlackRock’s IBIT and Fidelity’s FBTC led the buying. Across three sessions, Bitcoin ETF inflows reached about $1.07 billion, helping reverse earlier monthly outflows. Bitcoin traded in the low-$80,000s, with reports citing ranges of $80,600–$82,000 and $81,500–$84,800. The strong Bitcoin ETF demand has not yet produced a clear price rally, amid elevated Treasury yields and uncertainty over Federal Reserve policy. Ethereum ETF flows were less consistent across the reports: an earlier update recorded about $14 million in net inflows after a five-session outflow streak, while a later report described four consecutive days of modest outflows. ETH hovered near $2,380, and Ethereum ETFs remained deeply negative for October in the earlier figures. Meanwhile, leverage in crypto futures cooled after a roughly $1.1 billion liquidation wave, with perpetual funding rates near neutral. Overall, Bitcoin ETF flows point to renewed spot accumulation, but muted price action, weaker Ethereum fund demand and macroeconomic and geopolitical risks leave the broader market outlook uncertain.

Tokenized stocks are providing price signals while US exchanges are closed, but thin liquidity and higher volatility remain key risks. IMF research found that 87% to 99% of overnight price moves in selected tokenized equities were reflected in corresponding conventional shares within the first five minutes of the next session. More than half of trading took place outside regular US market hours. The study covered tokenized exposures to the S&P 500, Nasdaq 100, Tesla, Alphabet and Nvidia across 11 venues, including Ondo and xStocks products. It found tokenized stocks had about 1.5 times the realised volatility of conventional shares and were less liquid, particularly on decentralised exchanges and low-volume venues. The IMF warned that continuous trading and automated liquidations could amplify price swings, and said always-on markets may need tailored safeguards. The findings show a relationship between tokenized and conventional share prices, not proof that token trading causes moves in the underlying stocks. Nasdaq is targeting 9 p.m. to 4 a.m. Eastern Time weekday trading from Dec. 6, subject to infrastructure readiness and regulatory changes; the plan includes a daily one-hour pause and weekend closure. Other exchanges are also preparing extended-hours trading, while TD Cowen expects limited US demand and highlights execution risks in thin sessions. Morgan Stanley has pushed its expected tokenized-equity rollout to Q1 2027. For crypto traders, tokenized stocks may offer earlier price discovery and access outside exchange hours, but the developments are not an immediate market catalyst. Liquidity, regulation and execution quality remain important risks, and broader exchange hours could reduce the overnight advantage while leaving weekends distinct.

A non-binding Starknet governance poll on 22 October received 93.52% support from 3,236 votes for researching an independent, post-quantum-secure Layer 1 network. The result does not approve a move away from Starknet’s current Ethereum Layer 2 structure or a chain migration. The Starknet Foundation and StarkWare will form a research group to assess technical requirements and economic trade-offs. Key questions include how assets would be bridged, where transaction data would be available, and how independence could affect security, liquidity, validators and applications. A draft whitepaper is expected for community review in November, with further proposals and votes required before any transition. Starknet currently relies on Ethereum for data availability, settlement and parts of its security infrastructure. Its STARK proofs and programmable accounts may support post-quantum security, but do not protect against every quantum threat. Developers are targeting quantum-safe upgrades by 2027, while Ethereum has a December 2029 target for base-layer protections. STRK would remain Starknet’s native token and Ethereum bridges are expected to remain available. For traders, the vote signals research and community interest, not an immediate change to the network or token.

Aave V4 has launched three independently curated lending markets on Ethereum, managed by institutional DeFi platform Sentora and accessible through Aave Pro. Users can borrow RLUSD, PYUSD and OUSD against specified collateral: USDe, PRIME, mWIN and PST in the RLUSD and OUSD yield markets, and kBTC in the Bluechip market. Sentora sets collateral rules, interest rates, price oracles and liquidation parameters. Aave V4’s Hub-and-Spoke architecture separates shared liquidity from individual markets, allowing each to use distinct risk settings. Aave DAO retains control of the underlying contracts and asset listings, applies a 48-hour timelock to risk-increasing changes, and receives 50% of the instance’s revenue. Aave said V4 deposits exceeded $1 billion in September. The launch expands RLUSD’s use in Ethereum DeFi, but does not create new lending activity on the XRP Ledger or guarantee more demand for XRP. Trading impact will depend on market uptake, liquidity and risk management.

Meteora is strengthening its position as a Solana meme-coin liquidity venue. Its weekly trading volume has rebounded from about $630 million in early August to roughly $1.5 billion, while meme coins recently accounted for 30%–45% of volume and more than 90% of protocol revenue. Meteora handles around 30% of Fomo’s Solana meme-coin trades and typically captures 25%–35% of meme-coin volume routed through Jupiter. The latest figures add context to its role in the market: Pump remains the leading venue, with close to 70% of trading when propAMMs are excluded, while Meteora attracts activity in tokens that have moved beyond their launch platforms. Its DLMM pools use concentrated liquidity and volatility-sensitive fees to compete for trades. An earlier analysis also noted that about 128 million MET, or 23% of circulating supply, is staked, and put the token’s fully diluted valuation at around $370 million. DLMM Pro could help Meteora attract projects earlier in their trading lifecycle. The growth may support the case for MET, but its prospects remain tied to meme-coin demand, competition from Raydium and PumpSwap, and overall market risk appetite.

CoinDCX reported about $16 million in operational losses after a process for moving deposits from outdated, previously compromised wallet addresses failed. The disclosure followed on-chain reports of roughly $15.8 million in USDT and nearly 5,800 TRX moving to other exchanges and addresses linked to Huione Group. CoinDCX first said the transfers were unrelated to the exchange, then explained that some users had deposited to deprecated addresses and its sweeping process had failed. It says affected deposits were credited and customer funds remain safe, but the changing explanations drew criticism over transparency and crypto exchange security. Separately, the Central Bank of Ireland fined Coinbase Ireland €3.25 million over safeguarding and outsourcing failures between November 2020 and August 2025. The regulator cited excessive reliance on Coinbase’s U.S. parent, insufficient local expertise and a safeguarding account that was underfunded for extended periods. Coinbase said customers suffered no losses and that it had strengthened controls. The penalty is Coinbase’s second Irish fine in 11 months, following a larger AML-related penalty. The cases renew trader concerns about exchange security, customer-asset protection and regulatory compliance.

On-chain options are expanding as crypto traders seek hedging and volatility strategies, and perpetual DEXs move into options. Bitcoin options rose to 58.9% of Bitcoin derivatives open interest, from about 50% at the start of the year. Quarterly on-chain options notional volume climbed from $1.698 billion in Q4 to $8.367 billion in Q3, while perpetual volume fell from $36.29 trillion to $17.12 trillion. Separately, a 30-day comparison to 19 October 2026 put options volume at about $4.9 billion versus $627 billion for perp DEXs, underscoring the gap in scale. The newer figures point to growth, while earlier analysis highlighted the market’s structural hurdles and potential links with perp venues. Hyperliquid is developing options infrastructure through HIP-4; its ecosystem protocol Hypercall recorded $536 million in notional volume in September. Lighter has launched short-term BTC and ETH binary options, with plans to progress towards standard European options, while Variational plans institutional options, structured products and OTC derivatives. Derive remains dominant, with about $2.07 billion of the sector’s $2.19 billion in open interest. Paradex has also drawn on institutional block liquidity. Perp venues could help options sellers hedge using deeper liquidity and shared margin, while options can limit liquidation risk at the cost of a premium. Historical BTC analysis cited a 47% liquidation chance for a 10x perpetual position held for 180 days. However, fragmented liquidity, hedging costs, capital requirements and product complexity remain barriers, especially beyond BTC and ETH. The expansion of on-chain options signals growing interest in crypto risk management, but its direct effect on token prices is unclear.

Bitcoin’s historical midterm-election bottom pattern may not hold in 2026. In 2015, 2018 and 2022, Bitcoin reached major bear-market lows 71, 38 and 13 days after US midterm elections. This year, its low so far was $57,850 on July 1, 125 days before the November 3 vote. By October 22, Bitcoin had rebounded about 40% to roughly $81,455, although it was down around 6% over the previous 30 days. Earlier analysis noted that Bitcoin’s fourth-quarter returns were negative in those past cycle-bottom years, while technology stocks showed no consistent matching pattern. The new comparison finds Bitcoin fell about 29% and 37% in the six months before the 2018 and 2022 elections. QQQ’s performance varied, and Bitcoin and QQQ were both down about 6% over 30 days. Over 90 days, Bitcoin gained 26%, versus QQQ’s 3% rise. This points to Bitcoin’s own market cycle, including its halving-driven supply cycle, as a stronger explanation than a direct election effect; three historical examples are not enough to establish a reliable rule. For traders, Bitcoin’s short-term holder cost basis near $73,000 remains a level to watch: a sustained break below it could leave recent buyers underwater and increase selling pressure. Institutional participation, spot Bitcoin ETF flows and liquidity conditions may also make this cycle different. While post-midterm weakness historically preceded stronger gains the following year, the pattern is uncertain and should not be treated as a dependable forecast.

FOMO has begun the public rollout of FOMO Bridge, its in-house cross-chain bridge, alongside a proprietary trading router. The company says FOMO Bridge can complete swaps in under one second and execute trades up to 50% faster than alternatives, replacing its reliance on external infrastructure such as Relay. In reported tests, SOL-to-Base buy times fell from 1.083 seconds to 0.583 seconds, a 46% reduction. Dune data for 15–21 October showed FOMO Bridge was faster than Pump.fun’s bridge in four Solana–Robinhood route tests, including during high-traffic periods. FOMO also reported about 4.27 million trades on those routes over 30 days, versus roughly 439,000 for Pump.fun. These results are not a like-for-like comparison with Pump.fun’s separate tests, which recorded average purchase times of 1.95 seconds through its bridge and 3.88 seconds through Relay across more than 400,000 outcomes. FOMO says its router improved average execution prices by 0.5%, with gains above 2% for the worst-performing 10% of trades. The upgrade was tested with a limited group for about a week before rollout. The speed and execution claims have not been independently audited, and the platforms have not fully disclosed liquidity sources, security arrangements or how failed transfers are handled. For traders, faster cross-chain swaps may help during volatile periods, but the figures do not prove a lasting performance advantage or lower risk. The launch is an infrastructure development, not a direct catalyst for SOL’s price or the wider crypto market.

US midterm elections could reshape expectations for crypto regulation, but HTX Research says they are unlikely to determine the market’s direction on their own. Inflation, interest rates and investment flows remain the main near-term drivers. The report expects volatility and selective performance around the vote, rather than a broad rally based on politics alone. The later analysis adds that the Federal Reserve raised its target rate by 25 basis points in September to 3.75%–4.00%, while inflation remained firm. A stronger yen could also prompt carry-trade unwinds and wider deleveraging. These macro pressures may outweigh optimism about the US midterm elections. The Fed and Bank of Japan were scheduled to meet on 27–28 October and 29–30 October, with US jobs and inflation data due on 6 and 10 November. Election results could affect the pace of crypto legislation. A Republican hold of Congress may support policy continuity; a divided Congress could delay legislation, while a Democratic majority may bring closer regulatory scrutiny, potentially alongside clearer rules for compliant firms. The GENIUS Act became law in July 2025, but market-structure bill H.R.3633 failed a Senate procedural vote in September. For traders, Bitcoin (BTC) is a key gauge of macro risk appetite and ETF demand. Ether (ETH) may face a higher hurdle: its spot ETFs recorded net outflows on nine of ten trading days during the period cited. HTX Research describes the market as being in a “capital selection” phase and expects a volatile, selective recovery after the election. A sustained uptrend would require stronger ETF inflows and easing rate expectations.

Ethereum developers have indefinitely postponed the Glamsterdam upgrade’s Hoodi testnet activation, which had been scheduled for 26 October. At the 22 October ACDE #248 meeting, they decided to investigate security concerns related to EIP-8037 and EIP-8038 before setting a new date. The plan to raise Hoodi’s gas limit to 200 million is also on hold. ChainSecurity warned that the proposed gas-rule changes could weaken protections against insufficient-gas griefing, in which an attacker may cause an operation to fail and a contract to record that failure permanently. The firm identified 13 potentially affected live contracts and is coordinating responsible disclosure. The Ethereum Foundation is assessing the issue’s scope. The Glamsterdam upgrade delay leaves the mainnet schedule uncertain. Developers had considered 1, 8 or 9 December, conditional on successful Hoodi testing, but have announced no replacement date. The pause does not change current Ethereum network operations or directly affect ETH supply. Traders may monitor security findings and revised testnet plans; the immediate market impact is likely to centre on upgrade-timeline uncertainty rather than a direct change in ETH fundamentals.

Two critical PHP vulnerabilities, CVE-2026-109618 and CVE-2026-109619, carry CVSS v4.0 scores of 9.2 and could allow unauthenticated remote code execution on publicly exposed PHP services. Amazon honeypots detected possible exploitation attempts as early as October 17, and vulnerability details leaked before the PHP team released emergency patches on October 21, ahead of schedule. The flaws affect PHP versions 5.4 through 8.5.11. SlowMist found direct PHP fingerprints on 793 of 1,488 crypto-related domains it scanned, about 53.3%; this indicates PHP use, not confirmed exposure or compromise. At-risk Web3 infrastructure may include websites, APIs, airdrop pages, admin panels, payment integrations and hosted wallet services. A server breach could expose credentials or enable page tampering that tricks users into signing malicious transactions, but it does not directly compromise smart contracts, wallets or private keys. Patched releases are PHP 8.2.35, 8.3.36, 8.4.27 and 8.5.12. Projects should upgrade promptly, investigate exposed systems and rotate credentials if compromise is suspected. PHP 8.1 and earlier versions should be migrated to supported releases. Temporary mitigations may reduce some attack paths, but patching is the definitive fix. The risk is to off-chain Web3 security; the reports do not establish that crypto assets have been lost or warrant withdrawals solely because of the vulnerabilities.

Swiss asset manager BIT AM has received FINMA approval to launch the Bitcoin Fund ETF (BBIT), expected to list on SIX Swiss Exchange in November 2026. The spot Bitcoin ETF will invest directly in Bitcoin and is structured as a Swiss collective investment scheme, with fund assets held separately from the management company’s assets. Its public offering is limited to Switzerland. FINMA classified it as an alternative investment fund with particular risks and cautioned that Bitcoin remains highly volatile. This is FINMA’s first approval for a fund investing exclusively in Bitcoin; the regulator has previously approved funds holding cryptocurrency baskets and said other providers have applied for Bitcoin ETFs. BIT says BBIT will be Europe’s only currently available spot Bitcoin ETF. It could give investors access to Bitcoin through standard Swiss bank accounts, potentially broadening participation by traditional and high-net-worth investors.

The Pentagon has banned Department of Defense personnel from using non-public information to trade or bet on prediction markets, including Polymarket and Kalshi. The directive covers classified and unclassified information. Defence Secretary Pete Hegseth said such activity could create conflicts of interest, expose military plans and endanger service members, especially as adversaries monitor market activity. The ban follows the case of US Army soldier Gannon Ken Van Dyke, who is accused of making more than $400,000 in Polymarket bets using advance information about the operation to capture Venezuela’s Nicolás Maduro. He has pleaded not guilty. Israeli authorities have also charged a reservist and a civilian over alleged bets linked to strikes on Iran. The policy may reduce liquidity in military-related prediction market contracts and increase pressure on platforms to strengthen oversight and identity checks. It does not directly change the rules for ordinary traders. The Van Dyke case and possible US legislation on insider trading in prediction markets are developments to watch.

US Senator Richard Blumenthal has asked Tether and consulting firm Nxum Group to explain their payment arrangements, citing serious ethical and legal concerns. The inquiry follows a Wall Street Journal report that Nxum received large consulting payments from Tether while co-founder Bo Hines was advising the White House on crypto policy. Hines later became chief executive of Tether’s US arm. The Senate letters seek details of the firms’ business relationship; Tether had not immediately responded to a request for comment. The probe increases scrutiny of Tether’s political ties and potential conflicts of interest, but does not establish wrongdoing or signal an immediate change to USDT operations.

ZHIPU fell 10.5% over 24 hours to 65.32 USDT, according to market data cited by Odaily. The report gave no reason for the decline or information on trading volume. The move points to short-term selling pressure in ZHIPU, but its broader market significance is unclear without further data.

On-chain reports say a Binance hot wallet experienced unusual outflows, with assets worth more than $2.5 billion sent to newly created addresses. The addresses were reportedly first funded through Tornado Cash. The reports describe the funds as suspected stolen; the article does not provide confirmation from Binance or further details about the assets involved. Traders will be watching for an official statement, wallet movements and any signs of disruption to Binance services.

An article reports that Elon Musk’s Grok AI outlined a highly speculative scenario in which Zcash (ZEC) could reach $5,000 by January 1, 2027. The forecast depends on several hypothetical catalysts, including a major payments company adopting Zcash’s shielded transaction technology, institutional investment, and increased demand for financial privacy. No such partnership or investment is reported as having occurred. The article puts ZEC at about $1,250–$1,272 on October 29, 2026, with resistance near $1,356 and support around $1,266. A breakout above resistance could bring $1,500 into view, but a move to $3,000 or $5,000 would require much stronger demand and favorable market conditions. The proposed catalysts include greater blockchain surveillance, geopolitical uncertainty, lower interest rates, a Bitcoin-led rally and institutional access. Regulatory restrictions, security concerns and broader market weakness remain significant risks. The Zcash price target is a hypothetical scenario, not a confirmed forecast or evidence of adoption.

Nasdaq will keep its shares off third-party tokenised stock venues operating under the US Securities and Exchange Commission’s Innovation Exemption, and instead pursue an issuer-controlled tokenisation model. The five-year exemption, launched on 17 September 2026, allows qualifying venues to trade tokenised US stocks under volume limits and disclosure requirements. Nasdaq has raised concerns about best-price display, trade reporting and liquidity fragmentation, arguing these issues could weaken price discovery and the national market system. Its position comes as objections to OKXICE’s proposed 24/7 tokenised trading platform have increased. The joint OKX and Intercontinental Exchange project aims to offer tokens tracking 63 major US-listed companies. Issuers have 30 days to object to a listing; silence counts as consent. Objections rose from nine on 15 October to 22 by 23 October. Microsoft, Alphabet, Broadcom and Verizon were among the companies objecting. Their concerns include price discovery, liquidity and volatility, and shareholder communications. The final list of stocks available on OKXICE will depend on further issuer objections.

Nvidia CEO Jensen Huang said the company reviewed Megaspeed’s GPU deployments and found no evidence that the firm illegally diverted AI chips to China. His comments follow reports of a widening US investigation involving a former Megaspeed executive and alleged efforts to evade export restrictions. The allegations have not been described as proven, and no charges against Nvidia were reported. A Malaysian sister company of Megaspeed reportedly spent at least $4.8 billion on AI equipment containing Nvidia chips between June 2024 and February 2026. US authorities have reportedly examined Megaspeed since late 2024. The investigation could add regulatory and reputational uncertainty for Nvidia, though Huang’s audit claim may help reassure investors unless investigators challenge it.

Crypto VC investment fell 20% quarter over quarter to $4.519 billion in Q3 2026, according to Galaxy Research. Deal count dropped 24% to 296, as later-stage fundraising cooled, although average check sizes remained broadly steady. Later-stage rounds accounted for about 76% of capital, while pre-seed and seed deals made up 44.9% of transactions but received just 6% of funding. US-headquartered companies attracted 74.9% of capital. Trading, exchange, investing and lending businesses led sectors with about $2.37 billion, close to half of quarterly investment. Year-to-date crypto VC investment reached $14.537 billion across 1,040 deals. Galaxy’s annualized estimate suggests about $19.383 billion for the full year, below 2025’s $20.3 billion but indicating relative stabilization after the 2023–24 downturn. The figures point to cautious investors and fundraising challenges for early-stage and non-US ventures.

Crypto-linked stocks Coinbase (COIN), Circle (CRCL) and Robinhood (HOOD) have fallen 56%, 44% and 40% from their recent peaks, respectively, placing them among the tech sector’s steepest decliners. Market commentary account The Kobeissi Letter described the losses as evidence of a “stealth” bear market. The weakness extends beyond crypto stocks: the firm said 84% of S&P 500 companies were at least 10% below their record highs, while 59% were down at least 20%. It also noted that 10 stocks accounted for 70% of the index’s gains since its March low, highlighting how a small group of large technology companies has supported the broader market. The companies face different business developments. Robinhood has partnered with Ripple on RLUSD distribution and institutional services. Circle launched its Arc blockchain, which uses USDC for transaction fees. Coinbase, meanwhile, said a security incident at analytics provider Amplitude exposed some customer contact information, but its own systems were not breached. As of October 28, Coinbase shares were around $162 versus a 52-week high of $361. Robinhood closed near $91, well below its $150 peak, while Circle ended at $82 against a yearly high of $140. The declines point to pressure on crypto-related equities, but do not by themselves establish a downturn in cryptocurrency prices.

Public companies accounted for 16% of blockchain revenue in 2026, up from 7% in 2022, according to a report from crypto investment firm 1kx. The gain came even as total blockchain revenue is projected to fall 28% year over year to about $100 billion. 1kx analyzed more than 2,600 protocols and earnings reports from 104 listed companies. It said new listings, including Circle, and revenue growth at established firms helped lift the public companies’ share. The 10 largest companies in the study doubled their blockchain-related revenue over three years. Coinbase and Circle generated about $3.3 billion combined in the first half of 2026; listed Bitcoin miners earned roughly $2 billion. The report also found that revenue from broader economic activity, including tokenized assets, payments and prediction markets, exceeded blockchain infrastructure revenue in the third quarter. Institutional and broader economic activity together represented 33% of revenue that quarter. The findings point to growing corporate and real-world use of blockchain, though revenue remains concentrated among a small group of companies.

Capital Economics warns that the AI equity boom may be losing momentum and recommends real estate and consumer staples as defensive sectors. The firm forecasts the S&P 500 could fall to 6,500 by the end of 2027 if the AI trade fades, either gradually or through a bubble burst. It cites elevated valuations, bubble indicators and heavy AI infrastructure spending relative to GDP, alongside high earnings expectations that may prove difficult to sustain. Capital Economics says a correction in technology and growth stocks could occur without triggering a wider economic crisis. Investors are advised to monitor whether AI earnings meet expectations and whether companies reduce capital spending. The outlook signals risk for portfolios concentrated in technology stocks, while defensive sectors may offer greater resilience.

OpenAI CEO Sam Altman argues that local AI inference on personal devices leaves scarce DRAM underused, while centralized data centers can use memory more efficiently. He says individual devices may use only about 5% of their resources, though the article does not provide further details on that estimate. OpenAI has supply arrangements with Samsung and SK Hynix that could involve up to 900,000 high-bandwidth DRAM wafers per month—roughly 40% of global output. The company is also developing custom inference chips and reportedly seeking about 3.2 gigawatts of power for data center expansion. Altman projects that major memory makers could each generate around $100 billion in annual free cash flow, but this is a forecast, not a reported result. The debate pits cloud-based AI against local AI, which supporters such as Apple favor for privacy. If OpenAI’s memory procurement reaches the reported scale, it could tighten supply for other chip buyers and influence memory-market pricing. The argument also supports a strategic shift toward cloud AI, where OpenAI operates, rather than on-device AI.

Web3 betting can require several steps before a wager is confirmed, including wallet login signatures, token approvals and on-chain bet transactions. Login and typed-data signatures are generally free, while approvals, bets and withdrawals usually require gas. Failed transactions may still incur fees. Gas costs vary by network. Ethereum mainnet fees can rise during congestion, while layer-2 networks such as Arbitrum and Optimism, and chains such as Solana, are generally cheaper. Session keys and account-abstraction tools can reduce repeated wallet prompts or allow platforms to sponsor fees, but they introduce additional contracts users must trust. The article says Dexsport supports six wallet connection options, including MetaMask and WalletConnect, and offers a cashier across 26 networks. Binance Pay provides a funding route that does not require a blockchain transaction. The key user-safety advice is to check wallet prompts and approval limits carefully, especially unlimited token allowances. The article is a practical guide to Web3 betting rather than a market-moving announcement.