BizwavemediaPersonal Finance and Crypto Updates

Nvidia shares fell more than 6% on Tuesday, wiping billions from the chipmaker’s market capitalization after a report revealed that Google is in talks to supply Meta with its custom AI chips by 2027.

The move would mark a significant shift in Google’s chip strategy, expanding from renting TPU access via its cloud platform to directly selling the hardware to external clients. That would place Google in direct competition with Nvidia in the fast-growing market for AI data center infrastructure, where Nvidia currently holds a dominant position.

The report, first published by The Information, raised concerns that one of Nvidia’s top cloud customers could turn into a rival, signaling longer-term demand risk just as the company faces mounting competition from other players like AMD.

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Santiment, a crypto analytics platform, today reported a surge in Bitcoin wallets holding 100 BTC as retail capitulation signals potential bullish momentum ahead.

The increase in larger Bitcoin wallet holdings comes as market analysts track distribution patterns to assess investor behavior during current market conditions.

Santiment specializes in on-chain data and market sentiment insights, using wallet distribution metrics to identify patterns that typically precede positive market shifts.

Recent analyses suggest retail capitulation in Bitcoin often occurs when short-term holders realize losses, creating conditions for market resets and potential recoveries.

Market structure analysis indicates Bitcoin may experience exhaustion near cycle lows, potentially setting up relief rallies following aggressive selling phases.

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RAIN, the token associated with the Arbitrum-based prediction market platform Rain, doubled its value after Nasdaq-listed biotech firm Enlivex announced a $212 million private placement to initiate the world’s first treasury strategy centered on the token.

CoinGecko data shows that the RAIN token rose from $0.0038 to $0.0076 briefly after the announcement. As of press time, RAIN was trading at $0.007, up nearly 100% over the last 24 hours.

Enlivex will become the first public company to integrate a decentralized prediction market token into its corporate reserves. The team stated they will continue their clinical development of Allocetra, a therapy targeting osteoarthritis.

The Rain protocol enables users to create, trade, and resolve event prediction markets using a combination of DeFi mechanisms and AI-assisted dispute resolution to ensure fairness and accuracy. It is designed to be permissionless, transparent, and governed by RAIN token holders through a decentralized autonomous organization (DAO).

Alongside the treasury plan, Enlivex said that former Italian Prime Minister Matteo Renzi will join its board of directors. The funds from the placement will support the implementation of this strategy while continuing the company’s development of therapies like Allocetra for osteoarthritis.

Enlivex Chairman Shai Novik noted that growing institutional investments in prediction markets, including Polymarket and Kalshi, signal a maturing sector. He indicated that Enlivex’s RAIN treasury initiative could make it the first US-traded public company to provide access to this emerging sector.

The transaction is expected to be completed on or before November 25, 2025, subject to customary closing conditions.

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Spot XRP exchange-traded funds from Grayscale Investments and Franklin Templeton made their debut on NYSE Arca today after these funds secured listing approval last week.

Grayscale also launched its Dogecoin Trust ETF today, the first US investment vehicle to provide exposure to the meme token.

The Grayscale XRP Trust ETF (GXRP) and Dogecoin Trust ETF (GDOG) charge no management fee for the first three months or for the first $1 billion in assets. After the fund exceeds $1 billion or the waiver period ends on February 24, 2026, the fee will be 0.4%.

“GXRP’s debut on NYSE Arca is another meaningful step in broadening access to the growing XRP ecosystem,” said Krista Lynch, Senior Vice President, ETF Capital Markets at Grayscale. “GXRP is designed to offer efficient tracking and straightforward exposure to XRP for investors.”

“With GDOG’s uplisting on NYSE Arca, we’re expanding investor exposure to a network that’s fast, low-cost, and leveraged by thousands of users every day,” Lynch said. “Dogecoin has evolved from internet culture to real-world utility, and that maturation aligns with our objective to make digital assets more accessible to a greater number of investors.”

The Franklin XRP Trust (XRPZ) carries a 0.2% annual sponsor fee, waived on the first $5 billion in assets until May 2026. This makes it a low-cost regulated option for US investors.

“Blockchain innovation is driving fast-growing businesses, and digital asset tokens like XRP serve as powerful incentive mechanisms that help bootstrap decentralized networks and align stakeholder interests,” said Roger Bayston, Head of Digital Assets at Franklin Templeton. “Within a diversified digital portfolio, we view XRP as a foundational building block.”

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Nvidia shares climbed 2.5% today as investors grew optimistic about potential improvements in US-China trade relations that could benefit the chipmaker’s access to Chinese markets.

The technology company, which designs advanced GPUs and AI chips for data centers and artificial intelligence applications, has faced significant challenges from US export restrictions that limit sales of advanced technology to China.

Nvidia has been advocating for improved US-China trade relations to regain access to China’s substantial AI chip market. The company’s stock movement reflects broader market hopes that eased trade tensions could restore its ability to fully capitalize on demand in the region.

US export controls continue to restrict Nvidia’s sales of cutting-edge semiconductor technology to Chinese customers, limiting the company’s growth potential in one of the world’s largest AI markets.

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Broadcom jumped 10% to $372 on Monday after Google’s Gemini 3 update reignited focus on their joint TPU chip development. Alphabet climbed 5% as investors responded to Gemini’s AI performance gains.

Broadcom has partnered with Google since 2016 to build TPUs, now in their seventh generation. Gemini 3, trained mostly on these chips, is seen as a cost-efficient alternative to GPU-based systems.

The TPU program is a growing revenue source for Broadcom as Google Cloud expands AI infrastructure. The stock is now nearing its 52-week high of $386.

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BlackRock, a leading asset management firm, deposited around 3,722 Bitcoin worth $321 million and 36,283 Ethereum worth approximately $102 million to Coinbase Prime today as part of its ongoing ETF operations.

The deposits reflect BlackRock’s routine portfolio management activities for its spot Bitcoin and Ethereum ETFs, which allow investors to gain exposure to these crypto assets through traditional exchanges without direct ownership.

Coinbase Prime, an institutional platform providing custody and trading services for cryptocurrencies, serves as the custodian for BlackRock’s Bitcoin and Ethereum ETFs. The platform handles transfers related to fund redemptions and portfolio rebalancing for large financial players.

The latest transfers follow a week of heavy outflows from BlackRock’s spot crypto investment products, including more than $1 billion leaving its Bitcoin trust and $559 million exiting its Ethereum trust.