Here are the three biggest stories in crypto to look out for this coming week

THE BLOCKPublished on 2022-11-06Last updated on 2022-11-06

Abstract

November kicked off with a flurry of crypto earnings last week and another hawkish Fed news conference. Here's whats on the docket for the coming week.

QUICK TAKE

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Solana’s Breakpoint conference in Lisbon.

Crypto earnings continue to roll in with Bakkt and Galaxy digital slated for this week.

U.S. inflation figures for October are set to be released on Thursday.

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November kicked off with a flurry of crypto earnings last week and another hawkish Fed news conference. Here's whats on the docket for the coming week:

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Web Summit kicked off in Lisbon last week with a host of crypto-focused events and speakers; this week, Portugal's capital is the venue for Solana's Breakpoint. Elsewhere, crypto-related earnings continue and U.S. inflation data for October will be released on Thursday.

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Watch for news from Breakpoint

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Solana's Breakpoint conference continues in Lisbon this week. It began on Friday and will run through Monday.

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The event features panels and talks from a host of developers and founders working in the Solana ecosystem. Jump Crypto's Kanav Kariya joins Igor Ddruzhinin of P2P and Wormhole engineer Csongar Kiss on Monday to debate multi-chain vs. cross-chain.

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Crypto Earnings

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Coinbase, MicroStrategy, and Block all shared third-quarter earnings last week, and more crypto-related firms are scheduled for this week.

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On Tuesday Marathon Digital shares its earnings after the close. Galaxy Digital delivers its results pre-market on Wednesday with Roblox also coming in then. On Thursday, Hut 8 and Bakkt will share their third-quarter results.

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Many speculators will be keeping a close eye on crypto miners' earnings. Miners are increasingly coming under pressure, with several firms facing potential solvency issues.

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U.S. inflation data for October drops on Thursday

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CPI figures for October are scheduled for release on Thursday; keep an eye on the data to see if the Fed's rate hikes are beginning to taper prices.

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The Fed has continued its hawkish stance, while allowing that the pace of interest rates may slow. Inflation was hot in September, rising by 0.4% month-on-month and 8.2% year-on-year.

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Americans will have cast their votes in the midterm elections by the time U.S. inflation data drops.

18 Months, Over 50x Surge: KIOXIA's Epic Comeback

KIOXIA, a NAND flash memory giant, staged a dramatic comeback driven by AI demand. After a period of significant losses, a failed merger, and missed HBM opportunities, its 2024 IPO began modestly. However, fueled by explosive demand for AI data storage, its stock price skyrocketed over 50 times within 18 months, making it Japan's most valuable company, surpassing Toyota. Its Q1 FY2026 profit guidance soared 30-fold year-over-year, with 2026 NAND capacity already sold out. Key to its success is its 3D NAND technology, BiCS FLASH. As the inventor of NAND, KIOXIA advanced its technology through generations, reaching over 200 layers by 2023. Key innovations include CBA (CMOS directly Bonded to Array), which separately manufactures control circuits and memory arrays for better performance, and OPS (On Pitch Select Gate) to increase density. The company is now developing high-capacity packages like an 8TB solution stacking 32 dies. Looking beyond NAND, KIOXIA is exploring 3D DRAM with its OCTRAM technology, using oxide semiconductor transistors for ultra-low leakage to reduce power consumption. This fundamental research differs from HBM and represents a long-term bet to extend its 3D expertise from NAND into future DRAM architectures. KIOXIA's story highlights how technological assets and shifting market cycles can rapidly transform a company's fortunes. While questions remain about sustaining growth beyond the current AI boom, its resurgence demonstrates that in semiconductors, being down does not necessarily mean being out.

marsbit3m ago

18 Months, Over 50x Surge: KIOXIA's Epic Comeback

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Market Trends in U.S. Stocks (June 23): Peak at Listing? SpaceX Loses Over $800 Billion in Three Days, Tech Stocks Experience Severe Internal Divergence

Stock Market Trends (June 23): Did SpaceX Peak at IPO? The company loses over $800 billion in market value in three days as a sharp divergence unfolds within the tech sector. SpaceX's post-IPO decline of over 20%, falling below its first-day close, reflects a swift market repricing. The catalyst is a clear shift in narrative from "AI platform potential" to concerns over rising capital costs, as its $8.57 billion IPO and subsequent $20 billion debt offering are earmarked for acquisitions and refinancing existing bridge loans rather than de-leveraging. While high-valuation tech stocks like Google, Meta, Amazon, and Microsoft faced pressure, Micron surged nearly 7% to a record high following a strategic supply deal with Anthropic for HBM and memory, highlighting robust, tangible demand in AI infrastructure. The broader market saw funds rotate into more defensive industrial and financial names. Macro factors included a dip in oil prices to a three-month low on news of a US-Iran framework deal, though logistical hurdles for resuming full Strait of Hormuz shipments remain. Key events ahead include Nvidia's shareholder meeting, Micron's earnings, and the May PCE inflation data. The latter will be crucial in determining whether the sell-off in high-valuation growth stocks, which appears to have just begun, will persist.

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Market Trends in U.S. Stocks (June 23): Peak at Listing? SpaceX Loses Over $800 Billion in Three Days, Tech Stocks Experience Severe Internal Divergence

marsbit14m ago

Interview with MicroStrategy CEO: Beyond the 32 BTC Selling Stir, 6 Trillion AI Agents are the Ultimate Endgame for Bitcoin

Interview with Strategy CEO: Beyond the 32 BTC Sale, 6 Trillion AI Agents are Bitcoin's Ultimate Endgame Strategy CEO Phong Le discusses the recent sale of 32 BTC, clarifying it was a minor, strategic move to demonstrate operational liquidity and internal process robustness to creditors and rating agencies, not a reaction to market fears. He emphasizes Strategy's disciplined, data-driven decision-making framework involving its board and complex financial modeling, distancing the company from centralized "black box" operations seen elsewhere in crypto. Le outlines the company's resilience and long-term focus, citing the "doing nothing" strategy during the 2022 bear market as a testament to its conviction in Bitcoin's underlying value proposition for global sovereignty and freedom. He reveals that generative AI was instrumental in developing their Stretch (STRC) preferred stock product, cutting development time from years to months. The most visionary part of the discussion centers on Agentic AI. Le envisions a future with 6 trillion autonomous AI agents conducting commerce, particularly in off-world environments like Mars, which would naturally adopt decentralized crypto rails and seek yield-bearing assets like Bitcoin as a core store of value. Finally, Le addresses the STRC product, expressing confidence it will return to its $100 par value through reserve replenishment and the initiation of dividend payments, and dismisses concerns about competition with stablecoins. He concludes by affirming Strategy's philosophy of expanding Bitcoin access through all available means, from self-custody to ETFs, to onboard the next wave of users.

marsbit42m ago

Interview with MicroStrategy CEO: Beyond the 32 BTC Selling Stir, 6 Trillion AI Agents are the Ultimate Endgame for Bitcoin

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Interview with Strategy CEO: Beyond the 32 BTC Selling Controversy, 6 Trillion AI Agents Are Bitcoin's Ultimate Endgame

Interview with Strategy CEO Phong Le: The company's sale of 32 BTC sparked market reactions, but Le emphasizes their long-term focus on Bitcoin. He explains the sale was a small test to demonstrate liquidity to creditors and internal processes, not a reaction to "death spiral" fears. The decision-making process involves the board and rigorous financial modeling, moving away from a founder-centric model. Le highlights the strategic option of "doing nothing," holding their 845,000 BTC reserve, as a key lesson from the 2022 bear market. He expresses unwavering belief in Bitcoin's underlying value proposition for global financial sovereignty. Looking ahead, Le is most excited about AI's role. He reveals their AI-aided development of the STRC (Strategy Preferred Stock) product and envisions a future with trillions of AI agents conducting commerce on decentralized networks, with Bitcoin as the foundational store of value. Le advocates for inclusivity in Bitcoin adoption, welcoming all methods from self-custody to ETFs. Regarding STRC trading below its $100 face value, he attributes it to temporary reserve drawdowns for bond buybacks and expects it to stabilize with replenished reserves and the start of dividend payments. He also confirms the company did sell BTC before May 31st, as disclosed in their filings.

链捕手44m ago

Interview with Strategy CEO: Beyond the 32 BTC Selling Controversy, 6 Trillion AI Agents Are Bitcoin's Ultimate Endgame

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Dialogue with Intel's Chen Liwu: The End of AI Isn't Just GPU, But Also Power, Materials, and Manufacturing

Summary: In a conversation, Intel CEO Lip Bu Tan discusses the challenges and opportunities in the AI-driven semiconductor industry. He outlines Intel's multi-step recovery plan—first stabilizing the company's financials and culture ("crawl"), then focusing on core products and customer trust ("walk"), before aggressively pursuing innovation ("run"). Key points include the renewed importance of CPUs in agentic AI and edge computing, the strategic necessity of rebuilding U.S.-based advanced manufacturing for supply chain resilience, and investments in critical bottlenecks like power, materials (e.g., GaN, SiC), advanced packaging, and novel substrates. Tan emphasizes that semiconductor success now hinges not just on chip design but on a holistic system encompassing manufacturing, software, and energy efficiency. He also highlights collaborations, such as with TerraFab, as examples of customers directly engaging with the manufacturing ecosystem to overcome capacity constraints. The future of AI compute, he argues, will extend beyond massive data centers to include robotics and physical AI at the edge.

marsbit1h ago

Dialogue with Intel's Chen Liwu: The End of AI Isn't Just GPU, But Also Power, Materials, and Manufacturing

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