Nscale is pursuing a $35 billion IPO as setbacks at its flagship West Virginia computing campus raise execution and financing risks. According to Sina Finance, the 2-gigawatt first phase of the Monarch computing campus is set to use 864 gas engines, after the project shifted away from its original hydrogen-powered plan. The 2,250-acre site is planned for up to 8 gigawatts, but has faced construction problems, local opposition and regulatory scrutiny, including stop-work orders and 10 violation notices related to stormwater controls. Anthropic has signed a $45 billion order for computing capacity at Nscale’s first West Virginia data center, accounting for more than 40% of the company’s $103 billion in contracted future revenue. Nscale disclosed in its IPO filing that funding for the facility has not been secured; Anthropic can terminate the agreement if financing is not obtained by the deadline. An Ernst & Young report commissioned by Nscale estimated that the campus’s first phase, including three data centers and 2 gigawatts of gas power, would cost $69.2 billion. A draft permit would allow the engines to emit 271 tons of formaldehyde annually at full capacity, while the facilities are expected to release 10 million tons of greenhouse gases each year. Nscale says the campus will operate at an average of about 55% of its permitted capacity and that its emissions controls can reduce actual emissions below federal standards. The project still requires a final state air permit and approval to fill wetlands and streams for additional data centers. Microsoft withdrew from a computing-capacity lease for a planned data center in Essex this month because the site is not expected to have power until the 2030s, increasing the importance of the West Virginia project to Nscale. The company reported revenue of $141 million and a net loss of $1 billion in the first half of 2026. Three people familiar with its financing plans said its IPO valuation target remains $35 billion, though one said a recent sell-off in the sector could reset valuations across the industry.

According to Jin10, OpenAI core product and platform lead Thibault Sottiaux announced that ChatGPT account switching is now available on the web, iOS and Android, with a desktop rollout planned soon. Sottiaux also previewed reset cards for each of the next two days. OpenAI's release notes say users can sign in to up to two accounts at once and switch between them without logging out, although only one account can be active at a time.

USDC’s circulating supply fell by about 800 million over the seven days through October 29, while total circulation stood at 70 billion. According to Odaily, Circle issued about 10.9 billion USDC and redeemed about 11.7 billion during the period. Reserves totaled about $71.4 billion, including $32.9 billion in overnight reverse Treasury repurchase agreements, $27.5 billion in Treasury securities with maturities under three months, $10.4 billion in deposits at systemically important institutions, and $600 million in deposits at other banks.

Stonk said its StonkFun website has been restored after it was taken offline following a domain attack and moved to new infrastructure. According to Odaily, on-chain functions are operating normally, and no users have so far been found to be affected. DNS changes may take up to an hour to sync on some networks, so Stonk advised users to wait an hour before connecting wallets through the website.

According to CNBC, President Donald Trump criticized ExxonMobil and Chevron in August, saying they were making too much money amid a shortage as profits climbed after the U.S.-Israeli war with Iran. Shell, BP, TotalEnergies and Exxon reported sharply higher refining margins this week. Chevron said Friday that its downstream earnings more than quadrupled from a year earlier to $4.9 billion, citing higher margins on refined-product sales.

PEARL’s price fell more than 35% over 10 days, alongside a decline in network hashrate and per-card mining revenue. According to PANews, the lag between price movements and network difficulty adjustments has squeezed miners’ returns, with newer entrants more likely to lose money. Home miners who have already paid for hardware may remain profitable if they only cover electricity costs, while some large-scale mining operations are shifting to AI services after weighing the opportunity cost. Short-term cloud-computing renters have been the first to exit, while miners with longer-term contracts are staying. More than 90% of the network’s hashrate is not performing actual AI computations, and daily token issuance adds potential selling pressure; early tokens without lockups and a mining pool controlling nearly half the hashrate are also cited as risks. PEARL’s future depends on whether it can attract real demand for AI inference.

StonkBrokers founder SimpleFarmer said on X that a security alert about a StepDrainer frontend attack on the company was a false positive; the flagged malicious domain was not the official website, StonkBrokers.io. According to Odaily, Blockaid removed StonkBrokers from its list of affected sites and deleted its warning post. The team also took the malicious domain offline.

Elon Musk, Changpeng Zhao, Binance; Musk seemingly subtly criticizes Binance; Binance hack alarms Trump; Intel stock price plummets; former Intel engineer posts article; Jinse Finance: What have KOLs on X been talking about in the past 24 hours?

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 3228, providing you with the latest and fastest news on the digital currency and blockchain industry.

Anthropic has filed for an IPO, with an expected valuation of $1.5 trillion to $2 trillion. Looking at the revenue and gross margin in the prospectus, is a large-scale model company a good business?

SlowMist Security Team Recapsulates the $783,000 ZKLink Theft: Arbitrator's arbitrary external calls superimposed on uncleaned transient storage, allowing attackers to exploit multiple vulnerabilities.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse industry.

Buying a 5-year default insurance policy on $1 million of Oracle debt costs $31,500 a year; CoreWeave costs $114,500. The credit alarm bells for AI are ringing.

The Shanghai Composite Index fell below 3600 points, and the ChiNext Index retreated 45% from its June high. Multiple indicators, including valuation, sentiment, capital flows, and policy, suggest that the A-share market may be nearing a temporary bottom, but the bottoming process will still take time.

The two founders of a16z donated $92 million to support pro-AI politicians during this election cycle, using political donations to protect their trillion-dollar holdings.

Personal Agent缺的不是模型能力，而是主权归属、上下文控制和让各方愿意付费的商业闭环。

The hot wallet was emptied by EIP-7702 authorization, freezing approximately 3 billion and resulting in a net loss of approximately 1 billion. The key is whether SAFU can cover the losses and restore trust.