Back in May, BlackRock CEO Larry Fink predicted that compute could become a new asset class. He said, "A new asset class will be buying futures of compute."

The idea makes sense if you look at how AI companies operate. Training frontier AI models requires thousands of GPUs like Nvidia's H100 and B200. And companies usually rent this computing capacity on an hourly basis.

As demand grows, rental prices can fluctuate with GPU availability, hardware generation, and the cloud provider. An AI company renting GPUs would want protection against rising compute costs. This is not very different from how businesses hedge electricity or oil prices.

Even CME has announced plans for H100 and B200 rental-index futures. But they delayed it after the CFTC extended its review.

I see crypto projects following this trend, too. Some of them are planning to launch perpetual markets for AI compute. I am not sure if these perpetual markets match what a particular AI company pays for GPUs. Also, since it is a perpetual market, it comes with funding fees, liquidation risks, and other things I'd consider before even touching it.

What do you guys think? Could trading AI compute become as popular as trading oil futures? And will you trade it?

Tether just brought 15 Bitcoin mining players together around one software framework.

Bitmain. MicroBT. Foundry. F2Pool.

The pitch: connect the machines, cut operational friction, and build the foundation for AI automation.

The stakes go deeper.

Shared software could help smaller miners compete. It could also leave independent operators depending on the same code—and exposed to the same mistakes.

Owning the machines doesn’t automatically mean operational independence.

That’s what makes Tether’s MDK worth watching.

Will miners gain more freedom—or become dependent on software they can’t afford to leave?

I posted this to Buttcoin. But please, those of you here, come at me with whatever you got. And I need to make this intro 100 characters so here are some extra words.

OpenAI’s Codex, Anthropic’s Claude Code, GitHub Copilot, and Cognition’s Devin are all competing for attention from developers. Robinhood’s venture arm now has money riding on two of the companies behind them.

Robinhood Ventures has cut Cognition a check for $10 million, the company exclusively told Fortune, which follows a $75 million investment in OpenAI back in April.

Sarah Pinto, head of Robinhood Ventures, has no issue with backing rivals. “It’s not a winner-take-all market,” she said. Robinhood’s own engineers use multiple AI coding tools, she noted, adding that within its consumer business, Robinhood lets customers choose between different AI models to run its trading agents.

The Cognition investment was part of the startup’s Series E funding round in September, which raised more than $2 billion at a $48 billion valuation. Robinhood is disclosing its participation for the first time, joining high-profile backers including Andreessen Horowitz, Accel, and Founders Fund. Cognition said in September that its annualized revenue run rate had reached almost $900 million, up from $492 million in May. 

Read more [paywall removed for Redditors]: https://fortune.com/2026/10/23/exclusive-robinhood-bets-10-million-ai-coding-tool-maker-cognition/?utm_source=reddit/

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Introducing Chainlink CustodySync, a new solution that lets qualified custodians give their institutional clients access to DeFi lending markets, all while assets remain securely in custody.

With @Anchorage as the official launch partner, together we’re establishing a new standard for institutional DeFi.

CustodySync keeps custody and lending systems in sync across the full lifecycle of a loan:

→ For custodians: faster time to market and lower operational overhead, with custodian-managed controls
→ For lending markets: independent, verifiable data and a consistent risk framework
→ For institutions: passive capital becomes productive capital

More than $80 billion sits in DeFi lending markets. Meanwhile, the roughly $700 billion in digital assets under custody is less than 0.5% of all $250 trillion in traditional assets under custody. The opportunity to connect traditional institutional capital to onchain finance remains vast.

Large institutions have lacked a secure way of accessing these markets. Regulations require many of them to keep their digital assets with a qualified custodian, a firm that meets specific requirements for holding assets on behalf of clients, and custody systems were never built for DeFi. Even when custody and lending systems are connected, inconsistent loan valuations can trigger premature liquidation or delayed liquidations, exposing borrowers and lenders to significant financial risk.

Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating.

Disclaimer:

Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.

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Why does the United States Congress treat foreign central bank currencies 20x better than Bitcoin?

Under Section 988(e) of the Internal Revenue Code, an American citizen can spend $1,500 worth of Euros or Swiss Francs, realize up to $200 in exchange-rate profit per transaction, and owe $0 in taxes with zero IRS paperwork.

Meanwhile, under the flagship crypto tax bills moving through Congress right now (H.R. 10357 and the ADAPT Act), if a working-class American spends $14.50 over the Lightning Network to buy lunch, it triggers a taxable barter disposition on IRS Form 8949.

Even worse: the much-hyped "$10 de minimis exemption" inside H.R. 10357 only exempts the network transaction fee—not the purchase itself. Congress exempted the postage stamp and kept the letter inside fully taxable.

Why? Follow the incentives:

1. Wall Street got everything it asked for: Institutional lending safe harbors, mark-to-market accounting, and ETF trust protections.
2. Dollar stablecoins got a monopoly: Zero capital gains on spending and immunity from wash-sale rules—because stablecoins force everyday spenders to hold T-bill-backed dollars that silently pay the annual inflation tax.
3. Everyday Bitcoiners got handcuffs: A 30-day wash-sale ban, constructive-sale rules, and permanent taxation of miners on unsold block rewards.

Inside "The $10 Insult"—and why the state is terrified of letting Bitcoin circulate as everyday money

While incidents such as the hugging face incident are scary and OpenAI staff had no clue their own AI agents hacked into hugging face and were so oblivious that they emailed hugging face once a breach was announced and asked, "Are we at OpenAI affected by this hack?" the same day it was announced, AI isn't something you can just point at bitcoin and say, "Break it."

Once the ColdCard hack happened, a movement called "red-teaming bitcoin" got started. For those of you who don't know, red-teaming means basically "white hat hacking" with relevant stakeholders in the know. Anyone can view bitcoin's open source code on github and I have to ask the question, "Has no one already tried pointing to the github page and doing that already?"

Quantum computing's limitations extend to the fact that hardware used in quantum computing must be kept at extremely cold temperatures while performing quantum computations. And one quantum computer cannot just steal millions of wallet addresses' private keys all with the push of one button.

With all incentives in place, there are very real motivations to keep bitcoin protected from these things. I think the announcement of a bitcoin-protection grant from galaxy digital below speaks volumes to those motivations:

https://www.galaxy.com/newsroom/galaxy-launches-bitcoin-quantum-readiness-initiative

EDIT: The red-teaming bitcoin fund is an ongoing project as well find that below.
https://opensats.org/funds/red

Hey everyone!

Concordium Town Hall #6 is happening this Wednesday, October 28, at 15:00 UTC. 🎙️

The EMG team will be joining live to look back at what Concordium has delivered, discuss the latest Agent Registry developments, ecosystem updates, and share what’s next for the project.

From the progress made since the last Town Hall to the developments ahead, this session is an opportunity to hear directly from the team about where Concordium stands and where we’re heading.

📅 Date: Wednesday, October 28, 2026

⏰ Time: 15:00 UTC

🔗 Add to calendar: https://calget.com/e/concordium-townhall-6

See you there!