U.S. senators introduced bipartisan legislation Thursday to block export licenses for Nvidia's H200 and Blackwell AI chips to China for 30 months. The Secure and Feasible Exports Chips Act would direct the commerce secretary to deny approvals for these advanced processors, which power large-scale AI models and data centers. The move comes amid White House deliberations on chip export policy and concerns over China's AI development capabilities.

Meta's stock climbed 5.7% in early trading Thursday after reports emerged that CEO Mark Zuckerberg intends to reduce metaverse funding by up to 30%. The cuts will target Horizon Worlds and the Quest VR division. Savings will be redirected toward AI hardware projects, including smart glasses and wearables.

Bitcoin is trading just above its True Market Mean cost basis, with over 25% of circulating supply now underwater. The price structure mirrors conditions seen in early 2022. Net capital inflows remain positive at $8.69 billion monthly but significantly below July's $64.3 billion peak, according to Glassnode data.

Coinbase has launched live pilot programs with JPMorgan, Citigroup, and Bank of America to test stablecoin services, custody solutions, and cryptocurrency trading capabilities. CEO Brian Armstrong announced the trials on December 3, 2025, noting that participating banks view crypto as a core business line rather than an experimental project. The programs cover stablecoin operations, digital asset custody, and crypto trading infrastructure within the banks' regulated frameworks.

Bitcoin rose above $94,000 on December 3, marking a two-week high as the cryptocurrency sought to recover from losses exceeding $1 trillion since early October. Ether climbed nearly 10% to $3,092, while XRP and SOL posted gains of 8% and 11.7% respectively, according to CoinGecko.

Strategy holds approximately $59 billion in Bitcoin and may liquidate portions if its stock price drops below the value of its cryptocurrency assets. CEO Phong Le stated the company raised $1.4 billion in cash reserves to fund dividend and interest payments for up to two years without accessing its Bitcoin holdings. The firm is also exploring Bitcoin lending as an alternative strategy.

Alphabet shares climbed nearly 30% this quarter following the November 18 release of Gemini 3 and the Ironwood TPU chip. Nvidia and Microsoft stocks declined during the same period. Wells Fargo analysts report that Gemini and TPU-linked stocks now trade at a premium over ChatGPT and GPU-related equities for the first time in nearly a decade.

American Bitcoin (ABTC) shares fell 51% within 30 minutes on December 2, triggering multiple trading halts. The mining company, co-founded by Eric Trump, declined as Bitcoin retreated more than 30% from its October peak. The previous day saw nearly $1 billion in leveraged crypto positions liquidated across the market.

Anthropic tested AI agents on 405 real-world smart contracts and simulated $550.1 million in stolen cryptocurrency. Newer models exploited 34 contracts deployed after March 2025 for up to $4.6 million, with Opus 4.5 leading at $4.5 million. The agents also discovered two previously unknown zero-day vulnerabilities in live contracts worth $3,694 in test revenue.