Cipher Mining shares soar after Q3 earnings beat, firm moves deeper into AI: CNBC Crypto World

Market Trends & Cryptocurrency Performance - Major cryptocurrencies experienced declines, with Bitcoin falling 3% to $16,000, Ether dropping over 6% due to the Balancer exploit with losses exceeding $70 million, and Solana down more than 85% [2] - Standard Chartered envisions a future where nearly all global transactions are conducted on a digital blockchain ledger, with all money eventually becoming digital [6][7] - The industry is closely watching Block's Bitcoin payment initiatives, viewing it as a critical test for Bitcoin's viability as a payment mechanism [24][25] Company Specific News & Developments - Cipher Mining shares surged nearly 16% after Q3 results exceeded expectations, reporting a narrower than expected loss of 1 cent, and announced a new $55 billion 15-year lease with Amazon Web Services for 300 megawatts of AI computing capacity by the end of next year [2][3] - Core Scientific shares increased by more than 45%, while Core Weave shares decreased by more than 35%, following the rejection of Core Weave's $9 billion offer to acquire the crypto miner [3][4] - Web 3 firm Animoca Brands is planning to go public via reverse merger with Currency Group, where Animoca Brands shareholders would own approximately 95% of the resulting company and Currency shareholders would hold about 5% [4][5] - Mizuho is neutral on Coinbase due to its overexposure to crypto and lack of diversification, despite raising its price target to $320 after Q3 earnings beat expectations [13][14] - Mizuho is bearish on Circle, anticipating increased competition from numerous stablecoins issued by various entities [15][16][17] - Robinhood's crypto revenues nearly doubled in Q2, with expectations for Q3 to be in line to slightly better, the focus is on user adoption in new markets like Europe [18][19] - Mizuho has an outperform rating on Figure Technologies, highlighting its successful HELOC marketplace with a potential crypto catalyst in the next 2-3 years [20][21][22][23] Regulatory & Political Landscape - President Trump claimed ignorance about Binance founder Changpeng Zhao (CZ), despite granting him a pardon, and downplayed Binance's involvement with World Liberty Financial [8][9] - Trump stated his sons are more involved in crypto and warned that if the US doesn't lead in crypto, other countries like China or Japan will [10]