News Square
Global Crypto News · Real-time Aggregation
📚 Deep Analysis
More →Arthur Hayes Plans to Build Derivatives Around AI Compute
Arthur Hayes published a new essay on October 27 outlining futures and perpetual swaps tied to Flop Network’s proposed compute market, where AI agents would pay for computing power using FLOP. The plan aims to establish a reference price for compute that traders could use to build financial contracts around the resources AI systems consume. In a post on X, Hayes called his essay “The Trifecta” and <a href="https://x.com/CryptoHayes/status/2114857087004201325?s=20" rel="nofollow" target="_blank">described</a> it as a blueprint for entrepreneurs seeking to build derivatives for the AI agent economy. His central idea is that a liquid spot market for computing power could <a href="https://cryptohayes.substack.com/p/the-trifecta" rel="nofollow" target="_blank">provide</a> the pricing benchmark needed for futures and perpetual swaps. The proposed Flop Reference Compute Rate (FRCR) would be calculated hourly using a volume-weighted FLOP price per GigaFLOP of computing capacity. Quarterly futures would settle on the last Friday of March, June, September, and December, with contracts using US dollars for margin and profits. Hayes explained that the dollar-based structure would require a quanto derivative, a contract whose payout uses a different currency from its underlying asset. Because the compute market would be priced in FLOP while traders could prefer dollar-denominated returns, pricing the contract would require an adjustment for the relationship between the FRCR and the FLOP-to-dollar exchange rate. The proposed perpetual swap would use an eight-hour time-weighted average of the difference between its trading price and the FRCR to calculate funding payments. As with crypto perpetuals, traders on the expensive side of the contract would pay those on the cheaper side, depending on the premium. Market makers could recreate futures exposure by buying or supplying Flop Compute Units (FCUs), which represent reserved inference capacity for a specified AI model and delivery time. Hayes’s design also requires suppliers to post FLOP bonds, which they risk losing if they fail to deliver the promised computing work. The derivatives proposal depends on Flop Network first establishing a functioning spot market. Hayes argues that existing indexes tracking chip rental prices and individual AI token prices provide incomplete information because both are derivatives of the underlying cost of computation. Under his design, network blocks would record inference tasks, the computing work completed, and the fees paid to miners. Those receipts would help calculate the exchange rate between FLOP and computing capacity, giving buyers and suppliers a common reference. Hayes <a href="https://cryptopotato.com/arthur-hayes-called-ai-a-bubble-now-hes-launching-an-ai-project/" rel="nofollow" target="_blank">introduced</a> Flop Labs in August 2026, describing its proposed native token FLOP as “food for your AI agent.” In an August 27 explanation, the project <a href="ht
Discord is making public chats searchable on Google: How to opt out
Discord conversations on large public servers will soon reach audiences far beyond their communities, raising privacy concerns. Discord is making a policy change that will make conversations from its largest public servers discoverable in search engines, including Google, raising privacy concerns among users whose conversations were previously confined to the platform. The change applies to Discoverable Servers — communities with at least 1,000 members listed in Discord’s public directory that do not require an invitation to join. From Nov. 16, every Discoverable Server will have a web page that may include summaries of public channel discussions. From mid-December, individual messages posted in eligible channels may appear in web search, Discord<a href="https://discord.com/blog/making-content-from-discoverable-servers-easier-to-discover" rel="nofollow noopener" target="_blank">> <span>said</span></a> Tuesday. Messages posted before the rollout will not be included, while usernames and avatars will be excluded from published messages. Example of an individual message being shown online. Source: <a href="https://discord.com/blog/making-content-from-discoverable-servers-easier-to-discover" rel="nofollow noopener" aria-label="Source: Discord" target="_blank">Discord</a> Discord said the shift of online communities from message boards to its servers had made useful answers harder to find. “This has led to valuable information being locked in Discord conversations, inaccessible to the wider internet. We want to fix this,” the company said. The move has <a href="https://www.reddit.com/r/discordapp/comments/1xgxb68/comment/19rr367kxqlk2/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button" rel="nofollow noopener" target="_blank">><span>drawn</span></a> criticism from users concerned about their conversations reaching an audience outside of their intended community, even if the servers are public in the first place. <em><strong>Related: </strong></em><a href="https://cointelegraph.com/news/starknet-introduces-wallet-privacy-feature-for-defi-activity" target="_blank" rel="nofollow"><span><em><strong>Starknet introduces wallet privacy feature for DeFi activity</strong></em></span></a> Others welcomed the change, saying it could make useful answers easier to find. One user in Discord’s announcement thread <a href="https://www.reddit.com/r/discordapp/comments/1xgxb68/official_megathread_discoverable_servers_are/" rel="nofollow noopener" target="_blank">><span>called</span></a> it “very much necessary,” while another said moving communities from forums to Discord had made their discussions harder to find through search. The change could also affect cryptocurrency communities that use Discord for technical discussions, support and project announcements. Cointelegraph found nearly 800 servers tagged “cryptocurrency,” around 1,400 tagged “trading” and more than 700 tagged “finance” in Discord’s public directory. Disc
From open-source key vault to AI Agent security platform, Infisical raises $40 million
Infisical has completed a $40 million Series B funding round at a valuation of $600 million. This YC-incubated company focuses on open-source secrets management, helping more than 1,300 enterprises and 300,000 developer users safeguard API keys and database passwords and control access permissions. As AI Agents such as Claude Code and Codex operate GitHub and cloud services, secrets security has become a new problem. In April, Infisical open-sourced Agent Vault, which gives Agents only fake keys; when accessing external services, requests pass through an HTTPS proxy that injects the real keys, preventing leaks. In July, the company launched a commercial version of Agent Proxy, integrated into the commercial Agent Vault, allowing enterprises to authorize Agents on a per-task basis, set validity periods, revoke permissions at any time, and log access behavior.
In the AI race, cash flow gives you the upper hand: Microsoft and Google earnings face a major test.
According to CoinWorld news, Caixin reported on October 28 that since their last earnings reports, the stock price trajectories of Microsoft and Google have clearly diverged. As concerns grow over the pressure that massive AI spending is placing on corporate profits, Wall Street is increasingly scrutinizing the returns both companies are getting on their AI investments. Both tech giants are major players in the AI space and are set to report results after the market close on Wednesday. Recent stock performance suggests investors appear to favor Microsoft. The market expects Google's free cash flow to be negative in both 2026 and 2027, while Microsoft's free cash flow is projected to decline in the current fiscal year ending next June before returning to growth.
Japanese Bitcoin industry company plans to increase capital in ALC by approximately $5.07 million.
Coinpost reports that Japanese Bitcoin industry company announced on October 28 its plan to conduct a targeted capital increase to Fulgur合同会社 and Anap subsidiary Anap Lightning Capital (ALC), raising approximately 800 million yen (about $5.07 million), all contributed in kind in BTC, with payment expected on November 2, subject to the conditions stipulated in the agreement. The funds will be used for the development of the Lightning payment infrastructure Aurora, recruitment, routing business, and R&D. The company has also reached a cooperation agreement with ALC to use its held BTC as liquidity for Lightning Network channels.
Multiple cities in Guangdong have released their GDP data for the first three quarters of 2026.
According to news from Bijie, several cities in Guangdong have recently released their GDP data for the first three quarters of 2026. According to the unified accounting results of Guangdong Province's gross regional product, Guangzhou's gross regional product for the first three quarters reached 2.4851 trillion yuan, a year-on-year increase of 5.7%. Zhuhai's gross regional product for the first three quarters was 355.896 billion yuan, a year-on-year increase of 5.9%. Qingyuan's gross regional product for the first three quarters was 173.702 billion yuan, a year-on-year increase of 5.6%.
SPY off-exchange short sale volume ratio reported at 54.94%
Bjie.com US stock data: SPY's off-exchange short selling volume accounted for 54.94% of the total for the day. Compared with the same-caliber snapshot 24 hours earlier, it rose by 5.4661 percentage points; compared with the same-caliber snapshot 7 days earlier, it rose by 9.3594 percentage points.
Digital China subsidiary signs 870 million yuan computing power project procurement contract
According to a CoinWorld report, Digital China (000034.SZ) announced that its controlling subsidiary, Beijing Shenzhou Kuntai Information Technology Co., Ltd., has signed a Procurement Contract with an information technology company. The total contract amount is 870 million yuan, covering servers and supporting products and services for the 950DT computing power project. The contract is expected to have a positive impact on the company's future own-brand computing power infrastructure product business and overall operating performance.
Sprake: Fed expresses concern over high energy prices
CoinWorld news, Bloomberg reports that market strategist Casey Sprake said the Federal Reserve is expected to keep interest rates unchanged at its upcoming October meeting. She noted that although the first rate hike in September reflected a clear shift in thinking, Kevin Warsh and his team have changed their view once again. Sprake spoke with Bloomberg's Abeer Abu Omar ahead of the Fed's rate decision.
Hang Seng Indexes Company includes Anthropic in the Hang Seng Hong Kong-US Technology Index.
CoinWorld news, Cailian Press, October 28: Hang Seng Indexes Company announced that Anthropic will be included in the Hang Seng Hong Kong-US Technology Index.