Good evening, you're tuned in to Markets Desk.
Ukraine has announced it will resume strikes on Russian energy infrastructure, effectively ending what had been floated as an informal energy ceasefire brokered by the Trump administration. Moscow's failure to hold its end of the arrangement gave Kyiv the opening, and oil markets are watching closely for any supply disruption premium to reassert itself in crude prices.
Turning to crypto, it was a brutal session for bitcoin miners on Wall Street — the worst collective selloff since July. TeraWulf, Core Scientific, Cipher Mining, and IREN each dropped more than twelve percent after hotter-than-expected inflation data rattled AI infrastructure plays broadly. Bitcoin ETFs added to the pressure, shedding two hundred sixty-one million dollars in net outflows on the week, underscoring how quickly sentiment can reverse in digital assets when macro conditions tighten.
And in a sign that the AI trade may be facing a more fundamental reckoning, Anthropic's revenue growth appears to be decelerating just as the company positions itself for a public debut. That cooling trajectory is feeding investor anxiety about whether AI monetization can keep pace with the enormous capital being deployed across the sector — a question the broader market has not yet answered convincingly.
That's the tape. Markets Desk, signing off the floor.
