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AI & Enterprise

AI infrastructure financialisation gains momentum as major investment banks take interest

As hundreds of billions of dollars pour into AI infrastructure, financial markets are shifting and efforts are growing to financialise capital flowing into the sector. Products could emerge that allow trading of computing power costs, including futures tied to GPU rental prices. The Information reported that investment banks, exchanges and data providers are competing to make GPU rental rates an official tradable asset, with Goldman Sachs and JPMorgan exploring listings by year-end.

Crypto

Bitcoin selling pressure persists as rate burden grows on strong U.S. jobs data

Bitcoin extended a six-day decline, moving closer to a retest of $60,000. Cointelegraph reported the drop deepened after the U.S. stock market opened, leaving bitcoin down about 16 percent over a week. Traders cited continued sell-side dominance and weakening short-term charts, though some indicators suggested selling was easing. Stronger-than-expected U.S. May jobs data and upward revisions to April payrolls added to pressure by reducing expectations for Federal Reserve rate cuts.

Crypto

CME CEO warns crypto perpetual futures could wipe out retail investors

CME Group CEO Terry Duffy (테리 더피) voiced strong concern about U.S. regulators approving crypto perpetual futures, warning they could pose excessive risks to retail investors and harm financial market stability. He said the products often offer leverage of up to 50 times, meaning a 2 percent adverse price move can trigger full liquidation. Duffy also criticised the review process as rushed and said retail investors may not understand funding fees or automatic liquidations.