According to ChainCatcher, Texas state Rep. Ron Reynolds introduced HB 815, which would allow each city and county to invest up to $10 million in public funds in Bitcoin or other cryptocurrencies. The bill was filed on the first day of prefiling for the 90th Texas Legislature and would take effect on September 1, 2027, if enacted. The cap would apply separately to each city and county, not to a statewide pool. School districts and other local governments subject to the Public Funds Investment Act are excluded. Unlike the state reserve law, HB 815 does not require eligible tokens to meet a minimum market capitalization or set rules for cold storage, qualified custodians, digital-asset audits or losses. The bill is narrower than Reynolds’ 2025 proposal, HB 4258, which did not become law. Texas established its own strategic Bitcoin reserve through SB 21, signed by Gov. Greg Abbott in June 2025. The state comptroller’s office bought $5 million in BlackRock’s iShares Bitcoin Trust on November 20, 2025, as a transition, with a second purchase bringing the reserve’s IBIT exposure to about $10 million. The regular session begins January 12, 2027; HB 815 has not been referred to a committee.

iHeartMedia Inc. shares sank 67% and its debt plunged to record lows after the audio-entertainment company’s latest earnings projections fell far short of analyst estimates, according to Bloomberg.

According to CNBC, House Republicans elected Rep. Jim Jordan of Ohio as minority leader in the next Congress in a 106-73 vote. Jordan, chairman of the House Judiciary Committee, will take the role in the 120th Congress.

According to ChainCatcher citing Anthropic, Elon Musk said on X that the upcoming Grok 4.8 is “not good enough” compared with Anthropic’s Claude Opus 5.5, which he called “a masterpiece.” He said the next-generation Grok 5 could surpass Opus 5.5 in two to three months, but gave no benchmark scores or firm release date. Musk said Grok 4.8 has completed pretraining and is still undergoing reinforcement learning, while the team is spending significant time cleaning its supervised fine-tuning data. He said xAI has dropped JAX and SGLang in favor of inference and reinforcement-learning systems rewritten in C and C++, with Starlink engineers helping build the training and inference stack. Grok 4.8 is expected to roll out to a limited group of Bot users this week. Anthropic released Opus 5.5 on September 22, saying it performs close to its higher-end Fable 5.1 on most tasks and costs 40% less to run than the previous Opus generation under typical workloads. Anthropic reported scores of 66.4% for Opus 5.5 and 57.9% for OpenAI’s GPT-6 Astra on Terminal-Bench 4.

According to ChainCatcher, LlamaRisk has proposed gradually exiting some collateral in Aave V3 Core, involving about $1.33 billion in assets and $1.03 billion in debt backed by those assets.

According to CNBC, balances on home equity lines of credit rose $23 billion in the third quarter, the largest increase since 2005, according to a Federal Reserve Bank of New York report released Tuesday. The increase brought outstanding HELOC balances to $481 billion and marked the 18th consecutive quarterly rise.

According to ChainCatcher citing ABC News, U.S. House Republicans are considering issuing a subpoena to Nvidia CEO Jensen Huang.

According to Jin10, Brent crude futures settled at $91.49 per barrel, down $1.08, or 1.17%.

JSX, a semi-private charter operator, plans to launch regular service from Boston to New York and Miami starting in February, Bloomberg reported.

In his latest post, Vitalik explained why he shifted Ethereum's positioning from burning tokens to a store of value. The author believes that as long as decentralization and censorship resistance remain unchanged, Ethereum's long-term potential is not a concern.

In the small town of Nokia, Finland, a family has cut off their central heating and is using a SunBit Bitcoin mining boiler for warmth. The mining revenue currently covers their electricity bills, but after the halving in 2028, they may have to rely on the price of Bitcoin to keep warm.

Nasdaq, Artificial Intelligence, US Stocks, AI is undergoing painful repricing. Golden Finance: The AI ​​bubble hasn't burst, but the era of relying on labels to drive valuations is over.

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

Junhe Law Firm analyzes the legal nature and regulatory key points of tokenized deposits, while SlowMist supplements this with smart contract auditing and on-chain anti-money laundering practices.

Following a16z Crypto's rebranding and shift towards AI, two crypto VCs revealed that nearly 30% of their portfolio companies have gone bankrupt or lost everything, more than half are having difficulty communicating with investors, and exits from the primary market are proving difficult. Funds are now flowing into AI and chips.

Binance, private keys, network security, Binance hot wallet uses MPC: Why were attackers still able to transfer assets? Jinse Finance, private keys not leaked, yet assets were transferred: Why did the MPC defense fail?

Anthropic is moving forward with its IPO, targeting a valuation of approximately $1 trillion, a reduction from previous expectations; Google, Microsoft, Nvidia, and others plan to subscribe to a $26 billion strategic placement.

October CPI data will be released tonight, and the market has already priced in an 86% rate hike in December; Goldman Sachs expects core CPI to rise by only 0.16% month-on-month, but core PCE will remain high.

Four tokenized lending products have already amassed $1.05 billion in assets. The next round of growth for institutional RWA depends on whether these assets can become eligible collateral in the DeFi lending market.