Tag: NFTs

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Ethereum: $1.5B ETF inflows meet aggressive selling – Can $2.3K hold?

Every trading day for Ethereum spot ETFs has resulted in net inflows since the 12th of August. Twelve trading days of inflows...

IREN AI cloud revenue: $639m impairment as Bitcoin supplies 82%

IREN is still mostly a Bitcoin miner by revenue, even as it retires mining hardware to make room for AI infrastructure and grow...

Bitcoin faces a new macro test as Fed Chair Kevin Warsh highlights sticky inflation metrics

Bitcoin has 54% as a new macro number to defend against, the share of the personal consumption expenditures basket that Federal Reserve Chair...

SBCFX collapse leaves traders’ USDT deposits hard to recover, Hong Kong warns

Hong Kong’s securities watchdog has declared broker SBCFX and many of its affiliated entities unlicensed, shortly after a collapse in trading that forced...

BIS Chief Says Stablecoins Not Credible for Payments at Scale

The Bank for International Settlements is renewing its criticism of stablecoins, questioning their credibility as everyday money as governments worldwide build regulatory frameworks...

Debasement Trade Will Benefit Bitcoin, Says Grayscale

The debasement trade is back — and will benefit bitcoin.  That’s according to asset manager Grayscale’s crypto research team, who wrote...

Meta Tests Robots to Handle Data Center Work

In brief Meta is testing robots that can swap cables, restart servers, and inspect equipment. Some workers fear the machines will reduce staffing or shift...

Bullish Backs USD.AI with $100M for AI Infrastructure Loans

Institutional crypto exchange operator Bullish has provided USD.AI with a $100 million stablecoin-based debt facility to finance loans secured by GPU infrastructure, the...

Bitcoin Miner IREN Shares Fall as AI Conversion Costs Mount

In brief AI cloud revenue reached $70.5 million in the fiscal fourth quarter, surpassing Bitcoin mining revenue for the first time. IREN reported a $684...