Nvidia’s reported $96.221 billion in fiscal 2027 second-quarter revenue has put AI infrastructure spending back at the center of global market attention, while digital-asset policy and blockchain engineering developments pointed to a parallel effort to build more institutional and technically resilient crypto markets.
The chipmaker said operating profit reached $63.734 billion for the quarter. Revenue more than doubled from a year earlier and exceeded Nvidia’s own $91 billion forecast by more than $5 billion, while also topping the $92 billion market expectation cited in the supplied market data. The results underline how demand for the processors used to train and run AI models continues to translate into unusually large sales and profits for the companies supplying data-center infrastructure.
Nvidia’s figures arrived alongside a string of major AI financing and capacity commitments. Anthropic agreed to lease computing capacity from AI infrastructure company Nscale under a $45 billion arrangement tied to a planned West Virginia data center. Nscale intends to invest $71 billion in developing the project, while Anthropic is set to receive 460 megawatts of compute capacity.
The scale of that agreement offers a practical measure of the capital demands behind the AI boom. Model developers require not only advanced chips but also power supply, physical data centers, network equipment and long-term access to computing capacity. That spending is supporting a growing group of infrastructure providers, although it also raises the financial stakes for companies committing billions of dollars before the facilities are fully operational.
Ai funding extends beyond chipmakers
Private funding announcements added to the picture of strong demand for AI infrastructure and software. Emerald AI raised $150 million in a Series A round at a $1.05 billion valuation, led by Energize Capital and DCVC. The company said its total financing has surpassed $220 million.
South Korea’s Wrtn Technologies raised roughly 100 billion won, or about $72.32 million, in a Series C round that valued the company at 1.2 trillion won, equivalent to about $870 million. Runable announced a $21 million Series A led by Susquehanna Venture Capital and Nexus Venture Partners, joined by Together Fund and Array VC.
Alice also raised $140 million in a round led by Apax Digital, with SentinelOne and Samsung Electronics participating. The deal valued Alice at close to $1 billion, according to the company’s financing announcement.
MINIMAX-W, listed in Hong Kong under ticker 00100.HK, reported first-half 2026 revenue of $117 million, a 283.1% increase from a year earlier. Gross profit rose 464.8% to $20.813 million, while its net loss narrowed 11% to $358 million. The figures show that rapid revenue growth among AI companies has not necessarily eliminated high spending levels on research, computing and expansion.
Sec custody proposal moves into white house review
In the United States, the Securities and Exchange Commission submitted a draft proposal to the White House Office of Management and Budget concerning custody rules for investment advisers that hold clients’ digital assets. The proposal would establish a custody framework for advisers and investment companies while removing certain existing requirements that the SEC has described as outdated.
The filing places the proposal at an early but consequential stage of the federal rulemaking process. OMB review would need to be completed before an SEC vote and public consultation. The final language could determine how advisers safeguard cryptoassets, which entities qualify as custodians, and what operational standards apply to firms offering digital-asset exposure through managed accounts.
Custody rules have become a central issue as traditional financial firms explore tokenized securities, stablecoins and institutional crypto services. JPMorgan has recently assessed issuing its own stablecoin, according to a person familiar with the matter. The bank already operates its Kinexys blockchain platform for institutional payments and tokenization-related uses, giving it existing infrastructure for blockchain-based settlement services.
A clearer U.S. custody regime could give advisers a more defined path for handling client digital assets, but it would also set compliance obligations that smaller firms may find costly. The proposal’s treatment of self-custody, third-party custodians and blockchain-based settlement will be closely watched once the SEC releases the text for public comment.
Ethereum proposal targets a long-term cryptography risk
Ethereum researchers have proposed rebuilding the network’s validator onboarding deposit contract to support a future transition to quantum-resistant signatures. The proposal would introduce a cryptographic algorithm-switching function, allowing Ethereum to replace the signature system used during validator registration if necessary.
Ethereum’s existing validator deposit process uses BLS signatures, a form of elliptic-curve cryptography. A sufficiently powerful quantum computer running Shor’s algorithm could theoretically break several widely used forms of public-key cryptography, including elliptic-curve systems. No currently available quantum machine is known to present that threat at the scale required, but the proposal addresses a part of Ethereum’s infrastructure that is difficult to alter quickly once it has accumulated large amounts of staked capital.
The suggested redesign does not require validators to migrate immediately. Instead, it would prepare the deposit mechanism for a controlled change in cryptographic standards if quantum computing advances make the present approach unsafe. The work reflects a longer-term security challenge for blockchains: cryptographic upgrades need to be designed years before the threat becomes immediate, since coordinating changes across validators, wallets and applications can take substantial time.
Policy and economic signals remain mixed
South Korea’s central bank raised its policy rate by 25 basis points to 3%, from 2.75%, marking its second consecutive increase. The decision matched market expectations and adds pressure on borrowers in one of Asia’s most active digital-asset trading markets.
In the United States, July core personal consumption expenditures inflation rose 0.2% month on month, in line with the 0.20% forecast in the supplied market data. Second-quarter real GDP growth was revised to an annualized 1.5%, also matching expectations. Together, the readings provided little immediate evidence of a major deviation from the economic outlook already priced into markets.
Hong Kong banking clients with mainland China legacy investment accounts also faced a compliance deadline after HSBC’s local unit requested confirmation of the source of their investment funds through its app. Clients were asked to verify that funds came from lawful sources outside mainland China and update contact information. The notice said investment services could be suspended or terminated if the required declaration was not submitted by the stated deadlines.
The day’s developments show two financial systems advancing on different timelines: AI companies are committing capital at exceptional speed, while banks, regulators and blockchain developers are adapting the rules and infrastructure needed to handle increasingly digital forms of money and assets.
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