AI


Tech

The Protocol: ZKSync Aims to Revamp Its Tokenomics Model

Also: The First AI Agent App Store, ETH Devs Lock In Fusaka Mainnet Date and Edge & Node’s Ampersand.

Playing cards and poker chips. (Michał Parzuchowski/Unsplash, modified by CoinDesk)

Markets

Hut 8’s Tuesday Tumble Misguided and a Buying Opportunity: Benchmark

Investors overreacted to the absence of a hyperscaler deal announcement, overlooking Hut 8’s long-term potential in AI, energy, and bitcoin infrastructure.

A Hut 8 mining facility (hut8.io)

Tech

Olas Launches Pearl v1, the First 'AI Agent App Store'

The new platform lets users own and control autonomous artificial intelligence agents, aiming to shift power from centralized AI providers to individuals.

Artificial Intelligence (Markus Winkler/Unsplash)

Markets

Wall Street's Biggest IREN Bull Hiked Price Target to $142 After $9.7B Microsoft AI Deal

The bitcoin miner turned AI infrastructure play received three price target raises following yesterday's news, including from Bernstein, which lifted to $125.

Bitcoin miners (Shutterstock)

Finance

AI Payments Startup Kite Debuts Token With $263M Trading Volume in First Two Hours

The blockchain firm’s native token debuted Monday with strong activity on Binance and Korean exchanges, following a $18 million Series A raise in September.

16:9 Kites (Bill Fairs/Unsplash, modified by CoinDesk)

Finance

Donut Labs Raises $15M Seed Funding to Build AI-Powered Crypto Trading Browser

Donut Labs has now raised $22 million across a pre-seed and seed funding round in the last six months.

16:9 Donuts (congerdesign/Pixabay, modified by CoinDesk)

Markets

Bitcoin Network Hashrate Hit Record High in October, JPMorgan Says

The monthly average network hashrate, a proxy for competition in the industry and mining difficulty, rose 5% to 1,082 EH/s.

Bitcoin mining machines (Shutterstock, modified by CoinDesk)

Finance

HIVE Digital's Mining Capacity Hits 23 EH/s as Bitcoin Output Funds AI Shift

The company is converting parts of its mining footprint into AI-ready data centers, including a site in Grand Falls, New Brunswick, that could support 25,000 GPUs.

Data center servers (Taylor Vick/Unsplash)

Finance

OpenAI Eyes Massive $1T IPO as Early as 2026: Reuters

AI has become the bellwether for the general technology sector, which often correlates with the cryptocurrency market.

Sam Altman, OpenAI CEO (TechCrunch/Wikimedia Commons, modified by CoinDesk)

Tech

Mythical Games Taps Sam Altman’s World to Keep Players Safe From Bots

As part of the partnership, Mythical will build Mythos Chain, the first layer-3 blockchain atop World Chain, the layer-2 network built on top of Ethereum.

Worldcoin co-founders Alex Blania and Sam Altman (Marc Olivier/Worldcoin)