GM token extends its rally, surpassing $8 million; surges over 250% after He Yi's retweet.

According to Miner Weekly, one of the most telling metrics in this quarter’s financial filings appears in Cipher Mining’s lease disclosures: The company has agreed under a revised lease structure to cover the first $359.3 million in excess costs for the Barber Lake project above the original budget. Beyond that threshold, tenants will split half of the additional costs via extra rent over the 20-year total contract term, with corresponding returns agreed. This figure is a contractual threshold, not the final total project overrun, but it highlights a key question: who bears costs when delivery expenses rise after AI lease signings. Cipher’s management noted both parties were eager to move forward, so the lease was signed before design was fully finalized, leading to more change orders than expected. Modifications such as cooling facilities required additional construction and disrupted other workflows. Other issues included lower-than-expected productivity, delayed equipment deliveries, and idle labor, though equipment price hikes were not the primary driver. The company said future leases will only be signed once design is roughly 30%–60% complete. Riot Platforms also addressed industry cost overruns and its Rockdale project budget, stating that around 70% of the total budget will likely fall under the general contractor’s guaranteed maximum price framework, and it maintains an estimate of $11 million–$12 million per critical IT megawatt. Under the new Corsicana arrangement, tenants procure and own modular deployments; Riot estimates the total cost, including tenant reimbursements and site works, at roughly $6 million per megawatt. Core Scientific, for its part, disclosed outstanding procurement and construction commitments of approximately $4.4 billion. Of that, modifications related to CoreWeave are almost entirely funded by customers, with a cap on the company’s contributions, while AMD and Neocloud expansions lack equivalent protections.

Leading Asia-based digital asset financial services group HashKey Group (3887.HK), which has a global footprint, announced today that its Hong Kong-licensed digital asset trading platform HashKey Exchange has won the "Regulatory Initiative of the Year – Digital Assets" at the Regulation Asia 2026 Awards for Excellence. This marks HashKey Exchange’s first win of the award, and it is the only Hong Kong-licensed digital asset exchange to receive this honor at this year’s edition. Regulation Asia, a professional media and research platform focused on Asia-Pacific banking and financial regulatory trends, has run the Asia Awards for Excellence for nine years. The awards recognize institutions, teams, and service providers that have made outstanding contributions in regulation, risk management, compliance, and financial market infrastructure, and are a highly regarded industry honor in the Asia-Pacific regulatory and compliance sector. HashKey Exchange has long been deeply entrenched in the Asian digital asset market, taking compliance as its core development path and delivering replicable, practical models to support Hong Kong’s development as an international digital asset hub. This award is industry recognition of HashKey Exchange’s long-term investment in regulatory compliance and its practical achievements, and underscores the platform’s important position in the Asian digital asset regulatory ecosystem. Looking ahead, HashKey Exchange will continue to implement its "Asia Interconnected" strategy, expand and strengthen its institutional network, deepen collaboration with regulators, financial institutions, and industry partners across Asia, and drive the healthy, orderly, and sustainable development of the Asian digital asset market.

According to data from the BIT Stock Platform, most U.S. tech stocks rebounded in pre-market trading. The three major index futures were mixed: S&P 500 futures rose 0.40%, Nasdaq 100 futures gained 1.47%, and Dow futures fell 0.62%. SpaceX (SPCX) jumped 4.55% in pre-market trading. Optical communication concept stocks rose across the board: Credo (CRDO) up 10.85%, Lumentum (LITE) up 8.30%, Coherent (COHR) up 7.50%, Ciena (CIEN) up 6.98%, Applied Optoelectronics (AAOI) up 6.16%. The Neocloud sector saw broad gains: IREN up 18.25%, Cipher Mining (CIFR) up 12.07%, Astera Labs (ALAB) up 8.91%, Nebius (NBIS) up 7.67%, CoreWeave (CRWV) up 6.99%, AST SpaceMobile (ASTS) up 6.46%. Most semiconductor stocks rose: Micron Technology (MU) up 8.30%, Marvell Technology (MRVL) up 8.17%, AMD up 7.63%, Arm (ARM) up 6.64%, TSMC (TSM) up 6.26%, ASML up 5.85%, Broadcom (AVGO) up 5.06%, Intel (INTC) up 4.94%, NVIDIA (NVDA) up 3.85%. All storage concept stocks rose across the board: SanDisk (SNDK) up 10.17%, Seagate Technology (STX) up 5.83%, Western Digital (WDC) up 5.56%, SK Hynix (SKHY) up 4.87%. Crypto-related concept stocks were mixed: BNB Standard (BNC) up 5.25%, MARA Holdings (MARA) up 5.02%, Robinhood (HOOD) up 3.52%, Strategy (MSTR) up 1.72%, Bitmine (BMNR) up 1.63%, Coinbase (COIN) up 1.35%, Circle (CRCL) up 0.03%.

Beating AI Express, Insight: World Labs, founded by Fei-Fei Li, has launched Frameboy, a tool that lets users control the camera via a keyboard (similar to gaming) to move freely in an AI-generated virtual world. As the camera shifts, cloud GPUs generate corresponding new visuals in real time, reaching a maximum frame rate of 15 FPS. Atlas, released in September this year, can fill in unseen spaces in a single image, supports precise control of camera positions and movement paths, and generates 1440p videos up to one minute long. Frameboy uses a speed-optimized version of Atlas, transforming the prior workflow of pre-planning camera shots and waiting for video generation into real-time roaming that allows users to turn and explore freely at any time. Currently, the public version of Frameboy only supports exploration of official preset scenes. To create a virtual world with their own images, users need to use Viewfinder, which remains in closed beta. The entire system relies on high-performance cloud GPUs; the maximum 15 FPS still causes stutters in actual experience, and operational costs are higher than local rendering.

Breaking news from Beating AI Insight: Cursor has launched Live Apps, a feature that lets users build fully functional web apps simply by describing their needs. Its cloud-based Agent automatically provisions a Postgres database, sets up Cursor SSO-based authentication, and prepares a hosting environment. Once the app is built, users can preview it, select a domain name, pass security checks, confirm deployment, and obtain a shareable online link. Official use cases cited by Cursor include event registration, desk booking, sales dashboards, new employee training, and engineering service portals. Teams can share the apps with specific members or the entire organization, with visitors logging in via Cursor accounts. Before deployment, the system scans code for security issues such as API keys and exposed credentials. Team admins can view all apps, set security rules, and take down published apps at any time. Lovable itself supports generating complete apps with databases, user registration, and hosting via natural language. Cursor has integrated this capability into its existing programming Agent, enabling not only building apps from scratch but also direct deployment of existing code repositories from Cursor Origin and GitHub. For teams already developing projects in Cursor, they can now complete both development and deployment within the same toolset. Currently, Live Apps only supports Cloud Agents; local Agents are not yet supported.

According to TradingBeats, trader Loracle is aggressively expanding its long exposure. Its sub-accounts currently hold approximately $15.63 million in long positions in SanDisk (SNDK), with an average entry price of $826.77, an unrealized profit of around $656,800, and a return of roughly 39.5%. This SNDK long position was primarily established early this morning. In addition to SNDK, the address also opened a new long position of around $3 million in ETH today, with an average entry price of $2,250, currently posting a small unrealized loss of approximately $28,500. Among Loracle’s main account and 7 sub-accounts, a total of 3 addresses have executed trades since last night’s U.S. stock market open. While the combined net long exposure of two active sub-accounts—“smb” and “smbxyz”—decreased by roughly $290,000: “smb” reduced its long positions in PAXG and XMR and added short positions in BNB and UNI; “smbxyz” modestly trimmed some long positions in tech stocks including SNDK. Driven by the main account’s aggressive position-building, the net long exposure of Loracle’s 8 associated addresses has surged from approximately $61.32 million at last night’s U.S. stock open to $79.43 million, a net increase of around $18.11 million. In addition, the account group’s existing short positions remain unchanged. Short positions in NEAR, PEPE, and Oracle saw no adjustments, with current values of approximately $16.84 million, $8.86 million, and $1.93 million respectively; Loracle’s main account’s roughly $8.11 million short position in HYPE also remains unchanged. After accounting for minor adjustments to other sub-accounts, the total value of short positions across the 8 associated addresses stands at approximately $38.9 million, a slight increase of around $370,000 from last night.