Financial lawyer Scott Johnsson: No sign of spot Ethereum ETF being approved before year-end

According to internal Amazon documents, the company receives approximately $3 billion worth of NVIDIA GB300 chip racks each month, but due to insufficient power supply in data centers, these racks are piling up in transit warehouses. The AWS CFO stated that this situation has turned the company's free cash flow negative and is expected to last for several years. The accumulation of chips in warehouses has not lowered GPU rental prices; instead, the real scarcity of “powered compute capacity” has driven B200 rental prices up by 40% compared to the low point earlier this year—with every end user renting computing power ultimately bearing the cost.

CoreWeave's bond yields and credit default swaps remain elevated, but John Lloyd from Janus Henderson sees opportunities.

Veteran metals trader Sonny McNess at Hartree Partners has heavily bought LME October copper contracts and shorted November contracts, betting that Trump's tariffs on refined copper will trigger a surge in near-month premiums. This position is currently the largest in the market, with the October contract at one point trading at a premium of $91.99 over November. Previously, McNess's large position in the aluminum market directly forced the LME to change its rules.