Live News: CoreWeave Jumps 14% as Earnings Fuel Rebound Across Battered AI Stocks

The Financial Stability Board (FSB) urged Turkey to introduce dedicated stablecoin rules, strengthen crypto supervision and enforcement and improve cooperation with overseas regulators.

Its peer review also called for the country to put a financial stability monitoring framework into operation. Turkey has introduced registration and licensing requirements for crypto service providers and started a centralized platform to monitor crypto activity, the FSB said.

Custody safeguards and a ban on domestic crypto payments limit some of the ways risks could spread to banks and payments, it added, though there are regulatory gaps to address.

The U.S. Dollar Index (DXY) is approaching 103, up almost 1% over the past 24 hours and nearing its highest level since April 2025. The index has gained 5% this year, with a stronger dollar typically creating a headwind for risk assets.

Dollar strength is also weighing on bitcoin and gold, both of which have declined over the past 24 hours. Bitcoin is trading around $75,500, while gold is holding just above $4,000 an ounce.

Gram (GRAM), The Open Network’s token formerly known as toncoin, rose 13.6% to $1.24 over the past 24 hours, making it Wednesday’s top performer in the CoinDesk 100 Index as Telegram founder Pavel Durov called it “ridiculously undervalued.”

The broader index gained 0.96%, while bitcoin slipped 0.46% and ether fell 2.14%. Durov pointed to gram’s integration with Telegram, describing it as “the only coin built into a real social ecosystem” and predicted it would eventually rank among the three largest cryptocurrencies by market value.

GRAM’s market capitalization stood at $3.55 billion, with the token still down 8.5% over the past month despite the rally. Behind it in 24-hour performance are Syrup SYRUP$0.1411, up 7,8%, and Monad MON$0.01672, up 7%.

Tech stocks rebounded as CoreWeave’s third-quarter results and plans for a higher Anthropic IPO valuation helped improve sentiment across the AI sector.

CoreWeave (CRWV) rose 14% in premarket trading after reporting revenue of $3.66 billion, up 168% year-over-year. The company raised its full-year revenue forecast to $13 billion to $13.3 billion, although its quarterly net loss widened to $709 million, or $1.27 per share.

Anthropic also prompted some optimism, with its bankers considering an IPO valuation of $1.5 trillion or more following strong investor demand, above the roughly $1.4 trillion target disclosed Tuesday.

Nvidia NVDA$176.46 gained 4%, recovering some losses following revelations that CEO Jensen Huang had an affair with a woman reportedly suspected by U.S. intelligence of spying for China.

AI infrastructure stocks Cipher Digital CIFR$7.3200, IREN IREN$21.27 and TeraWulf WULF$13.68 each rose around 6%, while Nasdaq 100 futures climbed 2%. The Roundhill Memory ETF (DRAM) jumped 8%, and the VanEck Semiconductor ETF (SMH) gained more than 4%.

Bitcoin edged higher after testing its 200-day moving average near $73,116, but continued to trade just below $74,000.

The London Stock Exchange relaxed its admission guidance for crypto exchange-traded notes aimed at professional investors, opening the door to leveraged bitcoin and ether products.

The change removes requirements for physical backing, no leverage, a reliable public price and cold storage or equivalent arrangements on professional-only segments. Eligible cryptocurrencies remain limited to bitcoin and ether, with anti-money-laundering requirements for custodians where applicable.

Deutsche Bank’s digital asset custody service for European institutional clients is now live.

The service, which has been known to be in the works for some time, will provide safekeeping of digital assets, including bitcoin, ether and stablecoins.

Deutsche Bank has said previously it plans to extend the service to clients in Asia, according to Reuters.