Coinbase will list Collector Crypt (CARD) spot trading.

OpenAI Chief Financial Officer Sarah Friar told CNBC in an interview Friday that the company will not adjust its AI infrastructure investment plans in light of the U.S. midterm election results. It will continue partnering with major hyperscale cloud providers and use financing to meet demand from its AI clients. Friar noted the election results will not significantly alter the company’s operations, adding that as data centers gain greater public attention, OpenAI will continue enhancing communication with local communities to build trust. Of the 41 local data center-related ballot measures across 10 states in the midterm elections, only one failed to support construction restrictions or oppose development support, with voters’ primary concerns being that data centers drive up electricity costs, harm the environment, and negatively impact employment. Friar also revealed that OpenAI confidentially submitted an initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) in June, is targeting a 2027 IPO, and is negotiating a new funding round at a $1.25 trillion pre-money valuation. She emphasized that demand for AI is real and growing continuously.

According to HTX market data, Bitcoin has rebounded to break through the $76,000 mark, with a 0.71% decline in the past 24 hours.

According to Bloomberg, Brazil-based digital bank Nubank has temporarily suspended cryptocurrency deposit and withdrawal services in its home market due to an issue with an external service provider. In a Friday statement, the company noted that all assets and customer information remain protected, the problem is unrelated to its own infrastructure, and will not compromise client security. Nubank did not name the external partner, adding that other crypto products on its platform are operating normally. The firm has roughly 120 million customers in Brazil, but did not specify the number of clients affected by the suspension. Separately, Binance has been gradually resuming withdrawal services for some assets following a $6.3 billion hack incident. Brazil’s Mercado Bitcoin also announced earlier this week that it will cover the $40 million in losses stemming from a hack attack.

Michael Burry, the real-life prototype of *The Big Short*, revealed his latest personal portfolio adjustments via his Substack account. He continues to hold put options on Palantir (PLTR), Caterpillar (CAT), QQQ, and Oracle (ORCL). Burry sold 25% of his semiconductor ETF (SMH) put options, noting that the position remains "very large" after the reduction. Meanwhile, he boosted his holdings of MercadoLibre (MELI) by 50%, disclosing he purchased the stake when the price was below $1,500.

Galaxy Research Head Alex Thorn wrote in a post that after the Democrats secured control of both chambers of the U.S. Congress, major progress on key digital asset legislation remains unlikely. Congressional committee leadership will also shift. Elizabeth Warren is poised to take the helm of the Senate Banking Committee, while Maxine Waters is expected to retake control of the House Financial Services Committee. Multiple Republican lawmakers who back the crypto industry lost their races, but the pro-crypto camp did not suffer a full defeat. Stand With Crypto data shows 19 pro-crypto senators and 226 pro-crypto representatives have been elected. Molly White’s tracking indicates that in 12 competitive elections, candidates supported by crypto and AI political action committees lost 9, but all prevailed in the 40 safer races. Reports note House Democrats are discussing expanding Waters’ previously proposed Crypto Investor Consumer Rights Act into a broader crypto market structure bill. Still, Thorn reaffirmed he does not expect Congress to make substantial progress on key digital asset legislation. With no new legislation forthcoming, the SEC, CFTC, and banking regulators have already clarified crypto rules under their existing statutory authority, and the Trump administration has two more years to continue advancing related efforts.

According to CNBC, the probability that AI firm Anthropic will announce an IPO by December 1 on prediction market Kalshi has dropped from nearly 90% to 57% over the past week. The probability of it announcing an IPO by January 1, 2027, also fell from over 88% to 68%. The related contracts bet on the exact timing of the company’s official IPO announcement, with results verified by news media reports. Anthropic confidentially submitted its IPO prospectus to the U.S. Securities and Exchange Commission (SEC) in June this year. The recent downward adjustment in prediction odds comes after Democrats won control of both chambers of Congress and key gubernatorial races in multiple U.S. states, paired with a sell-off in AI-related stocks. Investors are concerned that data center construction may slow, reducing the appeal of AI investments. Texas’ incoming governor Gina Hinojosa campaigned on advocating stricter regulations for data center expansions. She defeated three-term Republican incumbent Greg Abbott, and told CNN in an interview Thursday: “We will enact laws to protect Texans. Until these safeguards are in place, we need to halt current data center-related work.” Meanwhile, the Nasdaq Composite closed over 10% below its recent high on Thursday, entering a technical correction range. As of press time Friday, the Nasdaq was up 1.3% and the S&P 500 rose 0.7%; Nvidia and Micron each gained around 4%, though the stocks still posted notable losses over the past week.