Ethereum layer-2 network Abstract said it will shut down on Dec. 15, 2026, and urged users to migrate assets before the deadline or risk losing access to funds. The project is directing users to its Migration Hub and multiple bridging routes, including Native Bridge, Stargate, Relay and Jumper, alongside project-specific instructions. Withdrawals of native ETH and ERC-20 tokens from Abstract to Ethereum can take up to 24 hours, while L2BEAT data show an effective execution delay of about three hours. The winddown has renewed attention on the gap between holding assets and having the practical ability to move them, including L2 exit routes and shutdown mechanics.

Gold prices ticked higher on Friday as investors weighed inflation risks and the Federal Reserve’s potential rate-hike path. Spot gold rose 0.3% to $4,147.77 an ounce, while U.S. December gold futures gained 0.4% to $4,172.70. St. Louis Fed President Alberto Musalem signaled further rate increases may be needed to bring inflation back to the 2% target. Traders see an 18% chance of a hike in October and an 81% probability of an increase in December.

The S&P 500 and the Nasdaq fell on Tuesday, led by declines in technology stocks. Reports said ChatGPT maker OpenAI’s annualized revenue is about $50 billion, below some market estimates of $70 billion. The news helped trigger a selloff in chip shares, pushing the Nasdaq 100 down 1.4% and the Philadelphia Semiconductor Index down 3.4%.

Royal Bank of Canada reported fiscal Q3 2026 net income of C$6 billion, up about 11% year over year, with earnings per share of C$4.23 and revenue above C$18.5 billion. The bank said its Canadian consumer and commercial unit ran at a 35% efficiency ratio, compared with a peer average of 45%, and that roughly 40% of customers hold three or more products. RBC also posted a 20% year-over-year increase in flows into its wealth business, while return on equity rose to above 18%.

SpaceX said it will use newly acquired spectrum and its second-generation constellation to offer high-speed mobile broadband across the US through Starlink Mobile, claiming capacity of more than 100 times its current satellite fleet. US regulators approved this week the launch of up to 15,000 new satellites designed to connect directly to ordinary smartphones. After the announcement, shares of major US telecom carriers fell sharply in after-hours trading.

OpenAI has lowered its annual revenue forecast to $50 billion from $70 billion, a gap of $20 billion. The company is currently valued at $852 billion and is preparing an initial public offering. The sharp downgrade in expectations comes just ahead of the IPO, raising questions about its growth trajectory.

Pyth DAO has approved OP-PIP-136, committing 100% of revenue generated by its commercial products to buying back PYTH on the open market. The move directly links the DAO’s token holdings to the network’s data-revenue intake, aiming to support PYTH through sustained purchases. However, data show monthly buyback amounts have shrunk 75% over the past five months, indicating a sharp decline in the scale of funds flowing into the program.

Technology stocks fell on Thursday as investors weighed concerns about the profitability of artificial intelligence. The Financial Times reported that OpenAI told investors its revenue was approaching $50 billion on an annualized basis toward the end of last month. Nvidia, seen as an AI bellwether, slipped nearly 3%. Oracle, which has borrowed heavily to supply computing capacity to OpenAI and other firms, dropped more than 5%, adding to the sector’s decline.