Buyers in the spot market, where cryptocurrencies are purchased directly rather than through derivatives, recorded net purchases of $160 million over the past three trading sessions, even as leveraged traders were forced to sell.

Bitcoin falls to 12-week low of $72,103 - LSEG

Musk: Jensen drove supply chain brilliantly at NVIDIA, but many of those deals were a handshake with Jensen, not a written contract

if you're TSMC and someone not as good as Jensen comes in who doesn't have the long history you're going to give Lisa Su at AMD the capacity and the supply instead.

Bitcoin, the world's largest cryptocurrency by market value, was down by around 5.3% at $64,733.68 at 3:57 PM ET (20:57 GMT) on Saturday.

Traders are increasingly betting against Bitcoin, with funding rates in the futures market turning negative for the first time in a month. That kind of pessimism has in the past marked a short term bottom, raising hopes that the worst of the selling may be over here.

$ASTS: I really tried to give ASTS a chance after the valuation reset. ... But BlackLift is definitely a thesis breaker for me. Add the lack of launch pad on top of that, and the execution risks is just too high to ignore. ... I see more capex, dilution and delays ahead.

AST needs more launch capacity to finish off its communications constellation. Space launch capacity is constrained these days. There is more stuff people want to put into space than rockets to carry it.

There's no question that Congress is going to push for a complete ban on the sale of advanced semiconductors into China. That was President Biden's decision four years ago, and it had tremendous Republican as well as Democratic support. And just looking at the comments from Capit… Show more

They don’t use HBM, but ... by their own calculations, running Kimi K3 requires 59 wafers. Leaving that part out and simply saying “we don’t need HBM” is just marketing wordplay. ... AMD GPUs handle prefill, processing the input and long context, while Cerebras handles decode, ge… Show more

They said on their earnings call they cannot find enough cloud capacity and they are running behind schedule... But they push back against speculation that there is a delay in their contract with OpenAI help sentiment for the name.

[Anthropic: "they were able to onboard in about 3 days"] So this massive leap and this massive burden to be able to use anybody else but Nvidia has become erased with AI.

The amount of capback spending is unprecedented, but this year it's become especially sensitive because this is the first year where these hyperscalers in the US are starting to turn negative free cash flow, which means they have to start raising money either through debt or thro… Show more

Stablecoin supply is shrinking fast. It fell by $17B over the last month, the steepest drop since 2022. As holders swap stables to fiat they drain buying power from bitcoin:native and crypto.

The DEX revenues don't go to Ethereum. It goes to Uniswap and Arrow. The stable coin fees don't go to Ethereum. It goes to USDC, Circle, or Tether. And as a result, unless they start taxing those businesses, I just don't understand how you can put a high valuation on the L1 just… Show more

Slight underperformance of engines on this flight is the reason. ... These early ships and boosters are already outdated by improved designs in production or on the test stand, so this booster loss does not change our timeline to reach high volume, fully reusable Starship flights… Show more

Ship 42 reached a ~275 km orbit, the second time a Starship has made orbit, and deployed all 26 Starlink V3 satellites.

That said, there will ultimately be over 100k SpaceX communications satellites, most of which will be V4 or V5. Good chance that this system carries about half of global traffic.

SpaceX's campus on the Memphis/Mississippi line goes from 0.4GW of IT in January to 2.4GW by YE2026, across Macrohard, MiniHard, Macroharder, Project SPAM and Gun Range.