Daily brief: Fink AI recession warning, $483M liquidations, Hyperliquid regulation call

CoinDesk's daily briefing rounds up three developments. BlackRock CEO Larry Fink warned that halting AI data center construction could trigger a U.S. recession, and nearly $483 million in crypto futures were liquidated as markets digested the macro and AI-infrastructure signals.

• Hyperliquid founder Jeff Yan called for regulation of the firms building on the network rather than of the blockchain itself, adding a founder voice to the debate over how oversight should apply to onchain platforms.
• No breakdown of the liquidations by asset or venue was disclosed.

The brief lands as AI infrastructure spending, rate expectations and onchain regulation dominate market chatter.