BNB Chain Announces May 12th Batch of BNB AI Hack Winning Projects

An anonymous seller is auctioning a roughly $500 million data center loan portfolio via a bidding process, comprising over a dozen loans. Bids are due by November 19, with a minimum offer of $10 million per bid. The portfolio includes a $25 million stake in the New Mexico Stargate project, a joint initiative by OpenAI, SoftBank, and Oracle—the site where Oracle issued a force majeure notice. The auction, which followed the Democrats’ landslide victory in the U.S. midterm elections, is seen as a landmark event signaling the credit market’s growing pessimism over AI infrastructure expansion and hedge funds’ large-scale sell-off of AI-related debt. Analysts identify the anonymous seller as hedge fund Walleye. Separately, news yesterday revealed Walleye Capital is restructuring its internal equity business and preparing to return capital to investors. The $17 billion hedge fund, which posted its worst monthly performance since March 2020, is parting ways with its long-short equity leadership team and multiple portfolio managers.

Solana Labs’ Leap has unveiled a beta version of its mobile trading app, now accessible via Apple’s public TestFlight for iPhones. The application consolidates trading of tokenized stocks, ETFs, metals, fiat currencies, and crypto assets on the Solana network, with all transactions executed via on-chain swaps. Leap stated it will not charge its own trading fees during the initial launch phase; the platform plans to use future fees to repurchase and burn SOL tokens. An Android version is scheduled to roll out subsequently.

Fintech firm Telcoin announced via tweet that the Telcoin Network mainnet is scheduled to launch in December, and will activate its first batch of validators. The Telcoin Network is developed and governed by the Telcoin Association.

World Liberty Financial (WLFI) announced it will launch a new WLFI token buyback program to strengthen its ecosystem development and governance mechanisms. The initiative will kick off with an initial capital allocation, with funding potentially coming from fee revenue generated by USD1 reserves and other sources, and the program will be continuously evaluated throughout its implementation. The buyback aims to encourage holders to actively participate in WLFI governance while increasing the governance voting weight of long-term holders. WLFI plans to make token buybacks a sustained component of its long-term strategy, with future buyback scale and pace adjusted based on ecosystem growth and governance participation performance.

This gambler, who got liquidated 8 times and lost 201 $BTC ($15.6M) as the market fell, flipped to a 2.25M $TRUMP ($2.68M) short. But he was fully liquidated again shortly after.

Texas Governor-elect Gina Hinojosa has made clear that all data centers currently approved for construction in Texas will be allowed to proceed to completion. This essentially covers all projects slated for 2027, and will likely extend through 2028. Hinojosa will push for legislation requiring all newly approved data centers to pay taxes, pledge not to raise electricity rates for consumers, avoid impacting public water availability, use union labor for construction, and "give Texans a seat at the table."