Bitget's Peer Partner Program has disbursed its 6th batch of rewards, with total distributed rewards exceeding 6.18 million USDT.

Independent media outlets Court Watch and 404 Media have jointly reported that recently unsealed U.S. federal court documents reveal privacy-focused social messaging app Telegram provided specific user private data to U.S. authorities upon receiving valid legal requests. The documents include a September 2026 response from Telegram, which contains the user’s phone number, user ID, account display name, as well as the last login IP address and timestamp. Telegram described the disclosure as "voluntary", but stated it does not recognize U.S. judicial jurisdiction, and did not provide any chat content or contact information. Prior to this, Telegram adjusted its policy starting September 2024, allowing it to disclose IP addresses and phone numbers when judicial authorities confirm a user is suspected of criminal activity violating its terms of service. In all of 2024, the company responded to approximately 900 U.S. law enforcement requests involving 2,253 users.

Beating AI Express News: Gartner estimates that by 2030, AI data center owners will need to generate cumulative revenue of $8.5 trillion to cover capital expenditures, financing costs, and achieve a 12% return on invested capital (ROIC). However, revenue from AI businesses attributable to enterprises and consumers is projected to reach only $3.6 trillion, less than half of the target. The firm warns that AI infrastructure investment expansion may outpace revenue growth, and computing power assets could become obsolete before generating sufficient returns due to rapid depreciation, with over $3.5 trillion in AI infrastructure spending facing impairment risks. Separately, Global X research forecasts that the AI-related revenue of 15 AI platforms and service providers will exceed infrastructure depreciation around 2027, and reach approximately $1.5 trillion by 2030. The firm estimates that by 2030, every $1 in annual depreciation of AI-related assets will correspond to $2.36 in AI revenue. However, revenue covering depreciation does not mean it is sufficient to cover financing costs and meet the 12% ROIC requirement. Gartner also predicts that cost pressures and insufficient business differentiation will lead over 80% of new cloud service providers to cease independent operations by 2030. Meanwhile, CoreWeave’s CEO stated that the company’s order backlog is enough to meet its debt obligations. The firm’s Q2 backlog stood at $104.2 billion, with new customer commitments exceeding $25 billion in the third quarter.

Beating AI Insight News: NVIDIA CEO Jensen Huang recently told Bloomberg in a London interview that if customers develop insecure AI software, NVIDIA could hypothetically halt chip supplies to them, but will first communicate with clients before taking any action. Huang also emphasized that NVIDIA provides general-purpose technology, and has certain limitations in judging how customers use it. Meanwhile, NVIDIA pledged to provide $250 million worth of computing resources to the UK over the next five years to support AI safety research, focusing on agent security testing, with approximately $50 million allocated annually for this purpose. Supported projects include the Oxford-led BOLD initiative, as well as related research from Imperial College London and University College London. Huang advocated accelerating the integration of safety constraints and monitoring technologies into AI systems, noting that AI capabilities and safety must advance in tandem. The report notes that AI safety regulation could impact NVIDIA’s chip demand: if regulations restrict new model training or drive up development costs, AI processor purchases may be dampened; however, enhanced safety research will also help drive more reliable deployment of AI technology.

Spot gold prices, after hitting a record high of $5,608 per ounce in January this year, have fallen roughly 27% to around $4,112. Silver has also dropped more than 50% from its January peak of $121.62 to roughly $56. However, the sharp price declines have not eased supply pressures in the physical market. Data from the World Gold Council shows that global central banks purchased 288.9 tons of gold in the second quarter of 2026, marking a new all-time high for the period and a 62% year-on-year increase. Meanwhile, the Silver Institute projects that the global silver market supply deficit will widen to 46.3 million ounces in 2026, marking the sixth consecutive year of supply shortfalls, with relatively limited growth in mine supply. Demand structures are also shifting. While silver consumption in the photovoltaic sector is expected to continue declining, demand growth from areas such as data centers, electric vehicles, and grid upgrades may partially offset the impact of lower PV silver use. At the same time, mine development has long lead times, making new supply slow to respond to demand shifts. This round of gold and silver price pullbacks likely reflects more the liquidation of speculative positions rather than a complete resolution of physical supply-demand imbalances. The U.S. fiscal deficit, rising interest expenses, and central banks' need to diversify reserves are also likely to continue providing long-term support for gold. However, shifts in trade policies, weakening industrial demand, and the release of new mining capacity could still alter market trends.

Ethereum co-founder Vitalik Buterin published a post noting that roughly half of Bitcoin mining costs come from capital expenditure on mining hardware, with the other half attributed to electricity consumption. By contrast, AI inference costs are almost entirely dominated by computing hardware capital expenditure, a difference that reflects the distinct cost structures of the two computing businesses. Bitcoin miners must cover ongoing electricity bills, with profit margins determined by mining machine efficiency, Bitcoin prices, and changes in network difficulty; AI inference, meanwhile, relies far more on investments in expensive hardware such as GPUs, as well as device utilization rates and computing efficiency. The industrial boundaries between the two sectors are also shifting. As demand for AI computing power grows, some Bitcoin mining firms are repurposing existing power resources and data center facilities for AI and high-performance computing (HPC) services, aiming to transition from pure mining to computing infrastructure services. Reuters previously reported that some mining companies are leveraging power capacity originally built for mining to enter the AI data center market. However, this transition does not eliminate cost pressures: mining businesses are more directly exposed to fluctuations in electricity prices and Bitcoin prices, while AI computing operations face risks including GPU procurement, depreciation, and underutilization. Both sectors compete for power and computing resources, but their ultimate profitability depends on how effectively these resources are converted into revenue.

As U.S. Treasury yields, the U.S. dollar, and oil prices rise, U.S. financial conditions have tightened significantly, leading to a sharp divergence in U.S. stocks: a small number of large tech stocks are propping up index performance, while regular stocks continue to face pressure. Morgan Stanley’s chief equity strategist Mike Wilson warns that tighter financial conditions are having an effect similar to Federal Reserve rate hikes, but the impact is concentrated mainly in regular stocks. Data shows that the median S&P 500 constituent has fallen roughly 15% from its 52-week high, one of the worst performances since the dot-com bubble burst; the S&P 500 Equal Weight Index has underperformed the market-cap weighted index by around 6% over the past six months. Meanwhile, the S&P 500 equity risk premium has fallen below zero, meaning stocks’ valuation appeal relative to U.S. Treasuries has further declined. Wilson notes that current pressure stems mainly from valuation contraction and has not yet clearly evolved into economic growth risks. Nominal GDP growth remains strong, and corporate earnings are still expanding, but if real interest rates continue to rise, market valuations could face further pressure. Goldman Sachs, meanwhile, warns that U.S. stock supply could surge in 2027 due to expiring lock-up periods. Going forward, whether financial stocks can stabilize and U.S. Treasury volatility will ease will be key indicators for judging market direction. U.S. stocks now face two possible scenarios: either regular stocks rebound to catch up with large tech stocks, or large tech stocks pull back, dragging the index to converge with the broader market’s weak performance.