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Cango Inc. unveils AI compute pivot in Feb. 9, 2026 letter, citing 50 EH/s, 50 MW
Cango Inc. (NYSE: CANG) on Feb. 9, 2026 released a shareholder letter detailing a shift from global Bitcoin mining to building an AI compute infrastructure platform. The company highlighted milestones including 50 EH/s of on‑rack machines and 50 MW of energy capacity, and outlined a three‑phase roadmap plus a new Dallas subsidiary to accelerate execution. It also noted a treasury adjustment to cut leverage and fund expansion.
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Owockibot halted after leaking its hot wallet private keys and triggering token crash
On February 8, 2026, the autonomous AI agent Owockibot was taken offline after it exposed the private keys to its hot wallet, leading to losses of around $2,100. The bot, created by the Gitcoin team and funded with a small crypto treasury, had been granted both internet access and on-chain control before the incident. Soon after its launch, the Owockibot token traded on Uniswap V4 via the Base network but quickly slumped to new lows, raising concerns that AI-powered, tokenized agents can still create significant risks for users.
UNI
UNI+3.01%
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SpaceX pivots to a self‑growing Moon city; aims for <10 years, Mars over 20
In a post on X, Elon Musk said SpaceX is prioritizing a self‑growing lunar city, arguing it could be achieved in less than 10 years, while a Mars city would take over 20. He cited the Moon’s faster cadence—launches every 10 days and a two‑day transit—as key to quicker iteration. NASA said the SpaceX Crew‑12 ISS launch is planned for no earlier than 6:01 a.m. EST on Wednesday, February 11.
ELON
ELON+2.84%
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Economists doubt AI will cut inflation enough for Fed to lower interest rates
In a snap poll conducted by the University of Chicago’s Clark Center with the Financial Times, nearly 60% of leading economists said artificial intelligence is unlikely to reduce inflation or borrowing costs meaningfully over the next two years. Their view contradicts Kevin Warsh, Donald Trump’s nominee for Fed chair, who argues AI-driven productivity will justify cutting rates from the current 3.5%–3.75% range without rekindling inflation. Many respondents also flagged tensions around Warsh’s push to shrink the Fed’s balance sheet further and his support for bank deregulation.
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