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More →Ken Griffin Says AI Is 'Almost Certainly' in a Bubble—And Compares GPUs to Airline Seats
Ken Griffin, founder of the Wall Street giant Citadel, <a href="https://www.marketwatch.com/story/ai-stocks-are-probably-in-a-bubble-but-might-be-worth-holding-onto-says-citadels-ken-griffin-87f535ce" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">said</a> Tuesday that investors are “almost certainly” in an AI bubble—though he isn’t telling them to dump their AI stocks. “What’s left in the wake of these bubbles, if we want to use that word, is often game changing for the world. And the companies that are on the other side of that bubble are the market leaders for decades to come,” Griffin said at Citadel’s Future of Global Markets Conference in New York on Oct. 20 This reaches beyond tech investors, since the AI buildout has <a href="https://decrypt.co/359175/nvidia-earnings-steady-markets-ai-spending-debate-intensifies" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">underpinned equity markets</a> over the past year, so many index funds and retirement accounts hold a slice of it. A bubble is what happens when prices climb far faster than the businesses behind them can justify, until reality catches up. Citadel is a hedge fund, a private firm that invests money for wealthy clients and institutions. But the fact that it seems like a bubble isn’t <i>that</i> big a deal if you look at the big picture, according to Griffin. “Any radical transformation of our economy is generally intertwined with a bubble,” he said, recalling the internet boom and adding that he wishes he had kept his Amazon stock. The companies that emerge on the other side of a bubble tend to lead markets for decades, he argued, though he stopped short of predicting a collapse. His own firm is a case study: Griffin said AI agents, software that carries out multistep tasks on its own, cut some high-level Citadel research from weeks to a couple of hours. Griffin compared GPUs, the graphics chips that many companies use to train and run AI models, to airline seats. Both have a very low marginal cost to run, meaning the extra expense of serving one more customer is tiny, so prices can collapse once supply outstrips demand. He pointed to the telecom boom around 2000, when companies laid more fiber-optic cable than demand required and communication prices fell. He also doubted that chips five or six years old, which still earn rental rates he called extraordinary, will keep doing so for another five or six years. Buyers are getting pickier, Griffin said, sorting which jobs justify premium models from OpenAI and Anthropic and which can run on cheaper open-source alternatives, meaning models anyone can download and run on their own computers. Corporate America has been uneven at extracting value from AI, he added, with companies studying their bills from the labs and asking where the productivity is. Gartner forecasts worldwide<a href="https://www.gartner.com/en/newsroom/press-releases/2025-09-17-gartner-says-worldwide-ai-spending-will-total-1-point-5-trilli
DEX trading volume over the past 24 hours was $8.939 billion.
According to BiJie.com data: within the scope, DEX 24-hour trading volume was 8.939 billion USD, a decrease of 0.34% compared with the previous statistical period under the same methodology. Among them, the DEX trading volumes of the five monitored public chains were: Ethereum 1.279 billion USD; Solana 2.278 billion USD; BSC 1.088 billion USD; Base 970 million USD; Arbitrum 176 million USD.
OKX宣布上线8个代币，包括XACN、XAHTI、XCOST
CoinWorld news: OKX has announced that it will add 8 tokens, including XACN, XAHTI, and XCOST, to multiple services, including spot trading, with an expected official launch on October 23, 2026, at 15:00 (UTC+8). Notes: Tokenized stocks do not represent actual shareholding in the underlying company and do not carry voting rights. This product is not offered to U.S. persons (under Regulation S). The product is highly volatile, carries the risk of total loss of investment, and trading is subject to an index-based price limit mechanism.
BlackRock's Evy Hambro: Gold will continue to rise.
According to a report from Bijie Network, Evy Hambro, Global Head of Thematic and Sector Investing at global asset management giant BlackRock, said that gold will continue to rise as systemic problems such as ballooning debt, uncontrolled deficits, and currency depreciation worsen. In a recent interview, he pointed out that the global economy is currently facing a complex environment interwoven with a weak dollar, mild stagflation, and geopolitical tensions, and these factors are likely to persist. He mentioned that the bond market, especially the government bond market, has made it very clear that the situation is not optimistic: interest rates are rising, debt levels are very high, and the fiscal deficits governments need to cover each year are also growing continuously, which has brought enormous pressure on the financial system. Against this backdrop, Hambro said that physical assets such as gold are regaining favor among long-term investors.
Iran: Will not accept an agreement guaranteed only by political goodwill.
According to Iranian media reports, Major General Rezaei, Secretary of Iran's Supreme National Security Council, stated that Iran has no intention of reaching an agreement lacking safeguard mechanisms. Iran's goal is to end the war imposed upon it and no longer accept agreements that rely solely on political goodwill as a guarantee of compliance, as reported by Bijie.com.
The Starknet community has voted in favor of transitioning to an independent quantum-resistant Layer 1.
According to news from Bijie, the Starknet community, in a Snapshot governance vote, supported researching a transition to an independent quantum-resistant Layer 1 with over 93.5% of the voting power, with more than 2,800 wallets participating in the vote. StarkWare CEO Eli Ben-Sasson said the team plans to release a draft white paper in November. StarkWare noted that Starknet's cross-chain bridge and data availability depend on Ethereum, making it impossible to independently achieve full quantum-resistant security. This vote only supports conducting research; any future transition will need to be decided by a vote of STRK holders. The Starknet Foundation stated that STRK will continue to serve as the native token, no new tokens will be issued, and the bridge between Ethereum and Starknet will remain open.
Over $210 million in long positions were liquidated in the crypto market within 12 hours.
According to data from Bijie.com, over $210 million in long positions were liquidated in the crypto market in the past 12 hours, with BTC and ETH prices falling to approximately $81,000 and $2,300, respectively.
Espresso completes its mainnet upgrade, reaching a throughput of 1 million transactions per second.
Blockchain news outlet BiJie reports that Espresso, a blockchain base layer, has completed a mainnet upgrade. Benchmark tests show that its throughput has reached 1 million transactions per second, with an average transaction finality time of under 1 second.
India's silver imports are expected to rebound, with a quota of up to 6,000 tons.
CoinWorld data: As import restrictions are relaxed, India's silver imports are expected to rebound before the peak jewelry-buying season arrives. The government has issued a large number of new licenses, easing measures that had previously hindered exports to one of the world's largest markets. This week, traders and bank dealers obtained quotas for up to 6,000 tons of silver, with the relevant licenses valid for six months. Harshal Barot, chief consultant at precious metals consultancy Metals Focus, said the new licenses should easily meet any surge in demand, so the market's tightness is no longer pronounced, and premiums are expected to fall sharply ahead of Diwali.
Bybit launched PG, LMT, and MXL stock perpetual contracts today.
According to CoinWorld news, Bybit today added three new stock perpetual contracts: Procter & Gamble (PG/USDT), Lockheed Martin (LMT/USDT), and MaxLinear (MXL/USDT), with leverage of up to 20x. At the same time, a limited-time trading fee promotion is being offered: 0% fees for limit orders and 50% off for market orders.