Nillion clarifies its Layer 2 (L2) shutdown arrangements, stating that the project is now operating on the Ethereum mainnet.

According to HTX market data, Bitcoin briefly broke through the $82,000 mark, with a 0.02% increase in the past 24 hours.

According to HTX market data, Ethereum has broken through $2,400, with a 1.19% decline in the past 24 hours.

Solana treasury firm DeFi Development Corp. (DFDV) has raised the annual dividend rate of its CHAD preferred stock from 13% to 14%, effective November 2. At CHAD’s $10 par value per share, the annual dividend will rise from $1.30 to $1.40 per share. Dividends are subject to declaration by the company’s board of directors and paid on business days. The company said it plans to use proceeds from future CHAD issuances to expand its SOL treasury.

Amid intensifying declines in high-yield bonds, credit risk for AI cloud computing firm CoreWeave hit an all-time high on Thursday. The company’s plans to further expand its borrowing scale have sparked concerns among bond investors. Data from ICE Data Services shows that the cost of CoreWeave’s five-year credit default swaps (CDS) rose by 74.5 basis points at one point to 1,194.5 basis points, marking an intraday all-time high. This means the swap market pricing reflects that the company’s default probability over the next five years exceeds 60%. Meanwhile, CoreWeave bonds were among the biggest decliners in the U.S. junk bond market on Thursday. The financing boom in the AI sector is unsettling bond investors, prompting the market to reassess credit risks for some large tech firms, as evidenced by surging credit default insurance prices, heightened market volatility, and weak bond performance. As an early entrant in the AI cloud computing space that relies heavily on the high-yield bond market to fund business expansion, CoreWeave has drawn particular attention.

Bitwise Chief Investment Officer Matt Hougan stated in a client report that Bitcoin is likely to benefit in the long run regardless of whether AI drives an economic boom, an investment bubble bursts, or the economy grows only moderately. In the scenario where the AI bubble bursts and triggers a recession similar to 2008, given AI’s geopolitical significance, he puts the probability of subsequent government bailouts at “nearly 100%”. Bitcoin may first face a sell-off before rallying sharply amid a surge in the money supply. If AI significantly lifts productivity and GDP while cutting costs in sectors like software and legal services, Hougan forecasts that scarce assets such as Bitcoin will appreciate. Should the economy sustain 3% growth, 4% interest rates and a near soft landing, Bitcoin will still be supported by ETF inflows, adoption by financial advisors, and allocations on corporate and sovereign balance sheets. He cautioned that Bitcoin will not rise in a straight line, with some scenarios potentially involving difficult initial phases. Threats including quantum computing, coordinated government crackdowns, or renewed fiscal austerity by Western governments could also undermine his thesis; he considers these scenarios unlikely but not impossible.

According to HTX market data, Bitcoin has rebounded to break through the $81,000 level, with a 1.29% decline in the past 24 hours.