IREN deepens AI push with 50,000 Nvidia GPU order; shares fall on at-the-market offering
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Crypto News

IREN (IREN), a data center operator focused on AI cloud infrastructure, said it agreed to buy more than 50,000 specialized processing chips from Nvidia (NVDA), expanding its capacity by about 50%. The B300 GPUs, or graphic processing units, will take the Sydney-based company’s total AI compute fleet to about 150,000 GPUs. A GPU is a […]

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BTC gains above $73,000 as money flees South Korean stocks
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Crypto News

South Korea’s stock market suffered one of its fastest declines in history this week, with the Kospi falling about 20% in two trading days, as geopolitical tensions have, for the moment, shattered what might be termed a speculative bubble in popular AI-related names. The rapid decline followed months of aggressive buying by retail investors that […]

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BTC jumps above $71,000, building on resilience to Middle East conflict
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Bitcoin BTC$68,503.15 surged Wednesday, underscoring it’s growing resilience to turmoil in the Middle East, while gold, a traditional safe haven, lagged. The leading cryptocurrency by market value rose to $71,023 during the European hours, up over 6% on a 24-hour basis, according to CoinDesk data. Other majors such as ether (ETH), XRP (XRP) and solana […]

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JP Morgan CEO Jamie Dimon says stablecoin issuers paying interest should be regulated as banks
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Crypto News

JPMorgan Chase CEO Jamie Dimon said banks want stablecoin issuers that pay interest on customer balances to face the same rules as traditional lenders, sharpening an ongoing debate over U.S. crypto legislation. In an interview with CNBC on Tuesday, Dimon addressed reported tensions with Coinbase CEO Brian Armstrong, who pulled support for the proposed CLARITY […]

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Tether taps Deloitte for first USAT reserve report
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Crypto News

Leading stablecoin issuer Tether has secured a sign-off from Deloitte for the first reserve report tied to its new U.S.-regulated stablecoin, after years struggling in its relationships with major accounting firms. Deloitte reviewed a report prepared by Anchorage Digital Bank, which issued the company’s new USAT token. In a letter released Monday, the accounting firm […]

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Core Scientific turns lower after Q4 results disappoint
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Crypto News

Core Scientific (CORZ), a bitcoin mining and digital infrastructure company, reported fourth-quarter revenue of $79.8 million for the period ended Dec. 31, compared with $94.93 million a year earlier. Consensus forecasts were for revenue of $122.08 million, according to LSEG data. The company posted a loss of $0.42 per share, versus expectations for a loss […]

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Hong Kong links up with Shanghai trade authorities to put cargo data on blockchain
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Crypto News

Hong Kong is doubling down on its role as China’s financial bridge, signing a new agreement with Shanghai authorities to build cross-border blockchain rails for cargo trade and trade finance. The memorandum of understanding between the Hong Kong Monetary Authority, the Shanghai Data Bureau, and the National Technology Innovation Center for Blockchain, announced Monday afternoon […]

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Institutional crypto interest rebounds even as Bitcoin (BTC) falls 25%
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The mood around digital assets has shifted again among the world’s largest allocators, according to Ron Biscardi, CEO of iConnections, which runs one of the largest capital introduction conferences globally. Biscardi, who has spent more than 25 years in the alternative investment industry and runs a platform that represents over $55 trillion in assets, has […]

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What next as majors surge 10% to recover war-driven losses
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Crypto News

Crypto markets snapped back hard on Sunday after spending Saturday pricing in what looked like the start of a prolonged regional war. Bitcoin climbed to $66,843, up 5.2% over the past 24 hours, recovering most of the losses from Saturday’s slide below $64,000 after U.S. and Israeli strikes on Iran. The bounce accelerated after Iranian […]

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Here’s how bitcoin’s price rise could be fueled by job-stealing AI software
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Crypto News

Bitcoin’s future in an artificial intelligence-driven world may depend less on code and more on central banks. In a new note, Greg Cipolaro, global head of research at financial services and infrastructure firm NYDIG, argued that artificial intelligence will affect bitcoin mainly through macroeconomic channels and its impact on the labor market. The key variables […]

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Bitcoin drops to $63,000 as U.S. and Israel launch strikes on Iran
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Crypto News

Bitcoin neared $63,000 in Saturday trading after the U.S. and Israel launched military strikes on Iran, pushing the largest cryptocurrency down roughly 3% in a matter of hours and extending what had already been a difficult weekend for risk assets.The move brings bitcoin to its lowest level since the Feb. 5 crash, when the token […]

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Coinbase’s head of litigation says states are “gaslighting” on prediction markets
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Crypto News

Why it matters: Ryan VanGrack, Coinbase’s VP of legal and global head of litigation, is sharpening Coinbase’s challenge to state regulators, saying they are trying to rewrite Congress’ authority over derivatives. Coinbase has filed lawsuits in Connecticut, Illinois, Michigan and Nevada after launching prediction markets in partnership with Kalshi. Some of those states issued cease-and-desist […]

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