Former BitMEX CEO Arthur Hayes warns that massive investments in AI data centers are leading to overcapacity, which could cause a market crash by 2027 or 2028. He predicts a bailout will follow, similar to past tech rollouts, and believes cryptocurrencies like Bitcoin will benefit from the resulting excess liquidity. Hayes also launched Flop, a crypto project to create a payments market for AI computing power, anticipating cheaper and abundant compute resources will fuel AI agent growth.
Arthur Hayes' views on the AI boom provide context for technology sector activity. For readers following technology stocks, here is Pluang's market snapshot as of Oct 07, 2026 05:41 WIB: out of 150 priced US tech stocks, 86 rose and 63 fell. Notable movers include Marvell Technology Inc at USD 287.20 with a 1-day change of +5.88%, Remitly Global Inc at USD 23.04 with a 1-day change of +5.83%, and Asana Inc. at USD 9.09 with a 1-day change of +5.45%.
Ferrari's RACE tokenized stock debuted on the Solana blockchain on October 6, allowing investors to trade a token that represents one Ferrari share with full shareholder rights, including dividends and corporate actions. Issued by Backpack Securities...
U.S. Solana spot ETFs experienced $3.6849 million in net outflows in a single trading day, marking a reversal from earlier inflow streaks that saw up to $26.1 million in net inflows. This outflow reflects redemptions exceeding new investments within ...
Ademi LLP is investigating the proposed $5.8 billion acquisition of Option Care Health, where shareholders will receive $32.05 per share. The investigation focuses on whether the deal price fairly values the company, the benefits to insiders, restric...
The US government transferred over $103 million in cryptocurrency on October 7, 2026, moving 833.6 BTC to Coinbase Prime and 40,285 BNB through multiple addresses to an unlabeled wallet. This movement represents less than 1% of the government's total...
Dogecoin (DOGE) rose 1.2% to close near $0.094, reaching a session high of about $0.0967. However, it continues to face strong resistance between $0.098 and $0.10, preventing a sustained recovery above this range. A close above $0.10 would signal fur...
