Larry Fink Warns Data Center Halt Would Cause Recession | CoinDesk Daily
Thursday, 15 October 2026 · 1 min read · Listen to the episode ↗
Larry Fink warned that halting U.S. AI data center construction could stall an economy increasingly driven by AI investment and push it into recession, as national debt has risen from $8 trillion in 2000 to $40 trillion today. Crypto markets saw nearly $483 million in Bitcoin and Ether futures liquidations amid Fed policy uncertainty. Payward plans a regulated U.S. derivatives offering built on Hyperliquid technology, while Hyperliquid itself remains closed to U.S. customers.
Larry Fink warned that halting U.S. AI data center construction would stall an economy increasingly driven by AI capital spending and could push the country into recession. He also pointed to the growth of national debt, from $8 trillion in 2000 to $40 trillion today.
Crypto markets saw nearly $483 million in Bitcoin and Ether futures liquidations over 24 hours as prices fell amid uncertainty over Federal Reserve policy. Ether accounted for about $286 million of the losses, compared with Bitcoin’s $197 million, even though Bitcoin futures open contracts totaled about $52 billion versus roughly $30 billion for Ether.
Jeff Yan argued that U.S. regulators should oversee companies building on Hyperliquid, not the network itself. In his view, firms that deploy trading markets should carry the regulatory burden.
Payward, Kraken’s parent company, plans to offer U.S. investors derivatives built on Hyperliquid technology through a regulated exchange. Hyperliquid’s own platform remains closed to U.S. customers, separating the network’s access policy from Payward’s planned regulated offering.
This summary was generated from the episode transcript and can contain mistakes.