ChainCatcher news, according to The Information, the impact of DeepSeek has not slowed down the expansion of tech companies' capital expenditures on AI. Google's parent company Alphabet stated that it expects capital expenditures to reach $75 billion this year, a 43% increase from 2024.This brings Google very close to Microsoft, which has stated that it will spend $80 billion on building AI data centers in the fiscal year ending in June. Meta Platforms plans to spend up to $65 billion on capital expenditures, just slightly behind. Meanwhile, Amazon expects its capital expenditures for 2024 to be $75 billion.

ChainCatcher message, Binance co-founder Zhao Changpeng posted on platform X: "There is an unpopular opinion that all governments should track all their expenditures on the blockchain (an immutable public ledger), which is also the reason why government payments are referred to as 'public spending'."

ChainCatcher news, according to Cointelegraph, based on year-to-date data, 16 publicly listed crypto mining companies have spent a total of $3.6 billion on property, plant, and equipment (PP&E) upgrades, including new mining hardware. So far in 2024, these 16 mining companies have raised over $5 billion, with the third quarter being the highest period for PP&E spending since the first quarter of 2022. Spending on mining hardware accounts for the majority of PP&E expenditures. Since 2023, publicly listed mining companies have spent a total of $2 billion on hardware upgrades. The report explains that the lifespan of crypto mining hardware typically averages 3-5 years and must be upgraded regularly to maintain profitability. Additionally, crypto companies are shifting from equity financing to debt financing.Regarding the PP&E expenditures of mining companies in November 2024, Bitfarms signed a miner hosting agreement with Stronghold on November 1, which includes terms for hosting an additional 10,000 Bitcoin mining devices at its facility in Pennsylvania. Around the same time, CleanSpark, a company focused on renewable Bitcoin mining, announced plans to build 400 megawatts of mining infrastructure after acquiring mining company GRIID in October 2024. On November 11, Hive Digital purchased 6,500 application-specific integrated circuits (ASICs) for the company's upcoming facility in Paraguay.

ChainCatcher news, the United States will release Personal Consumption Expenditures (PCE) data today at 20:30 Beijing time.Last week, the Federal Reserve lowered the federal funds rate target by 50 basis points, indicating greater confidence in inflation returning to the 2% target level. There is widespread expectation that the PCE data will provide additional support for this stance. Economists unanimously believe that the month-on-month growth rate of core PCE in August will be close to 0.2%, consistent with the price increases in June and July.

ChainCatcher message, former Ethereum Foundation employee Hudson Jameson posted on X discussing the budget of the Ethereum Foundation. Hudson stated that the annual budget of the Ethereum Foundation (EF) is approximately $100 million, aimed at supporting various projects and activities globally. Some key expenditures that may be overlooked in the foundation's budget include:Global trademark protection legal fees to prevent scammers from using the Ethereum name or branding.A large number of servers and development infrastructure used by both internal and external protocol teams, such as hard fork testing, launch nodes, fork monitoring tools, and PSE infrastructure for setting up ceremonies.http://ethereum.org (not an operational website, but provides hosting, URLs, and pays fees to some key coordinators and contributors).Research collaborations, such as the VDF research conducted in partnership with Filecoin a few years ago.Devcon/DevConnectGrants: The foundation issues a significant number of grants each year, which constitutes a large portion of the budget.Salaries: Salaries for at least 200 people in each region of Ethereum.Regarding transparency, Hudson mentioned that many of the requests from people are reflected in the Ethereum report released in 2022. He suggested that instead of asking to stop funding the foundation, it would be better to directly request the relevant data they want to know.

ChainCatcher news indicates that stakeholders and affiliates in the cryptocurrency industry spent approximately $7 million on federal lobbying in the fourth quarter of 2022. Disclosure data shows that collective industry spending in the fourth quarter of 2022 was slightly below $7 million. Although this represents a slight decrease compared to the second quarter ($7.4 million) and third quarter ($7.2 million), the findings reflect that federal lobbying spending levels remained very consistent even during one of the most severe crypto bear markets in years. (Source link)