IREN Ltd., once known for mining Bitcoin, is undergoing a dramatic reinvention as an AI infrastructure provider—a transformation that will face a critical test when the company reports second-quarter earnings on Thursday. Summary IREN has pivoted from Bitcoin mining to AI cloud infrastructure, repurposing its energy sites into data centers and securing a $9.7 billion…
Tether has scaled back fundraising talks to about $5B after investors pushed back on a proposed $500B valuation. Tether has reportedly scaled back its planned multibillion-dollar fundraising target after facing resistance from investors. According to a report from the Financial Times on February 4, advisers for the stablecoin issuer are now examining the possibility…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Coinbase is facing a civil enforcement action in Nevada after state gaming regulators said the company offered event contracts that look like wagers to local users. Based on reports, the Nevada Gaming Control Board filed suit in state court asking a judge…
Chicago-based derivatives exchange CME Group is weighing the launch of its own digital token as it explores how tokenized assets could be used as collateral across financial markets, according to comments from CEO Terry Duffy. Speaking on a company earnings call, Duffy said CME is reviewing different forms of margin, including tokenized cash and a…
Anthropic reaffirmed that its flagship assistant, Claude, will remain ad-free, framing the stance as integral to user trust and long-form usefulness, even as rival OpenAI recently signaled it is exploring advertising across its ChatGPT products. The company reinforced that message with a Super Bowl advertisement that mocked the idea of ads appearing inside AI conversations,…
Crypto wasn’t spared from the tech risk-off mood. Bitcoin slid 2.5% to around $73,000 — its lowest level since early November 2024 — officially giving back the entire post-Trump election rally, no receipt required. Strategy Inc. sank 8% to its weakest level since September, while Solana (SOL) and Ethereum (ETH) joined the selloff, falling about…
Can 2026 turn out to be a devastating year for the biggest meme coins? The meme coin sector has been deeply impacted by the latest crypto collapse, with its market capitalization plummeting below $40 billion. We consulted four of the most popular AI-powered chatbots about whether the crisis will continue and specifically asked whether…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A fresh bout of “quantum panic” broke out across Bitcoin X on Tuesday after Castle Island’s Nic Carter and longtime Bitcoin developer Matt Corallo sparred over whether the ecosystem is treating post-quantum security as an urgent protocol priority or a speculative distraction….
XRP (XRP) price dropped below $1.50 over the weekend, its lowest level in over 14 months. Now, a bearish technical setup on the charts suggests that the downtrend may extend throughout February. Key takeaways: XRP’s bear pennant on the four-hour chart targets $1.22. XRP futures open interest dropped to $2.61 billion, which gives some hope…
Fold Holdings, which provides Bitcoin financial services, has rolled out an updated app experience that combines Bitcoin rewards, spending, and account activity into a single financial hub. The Phoenix-based company said the update reflects customer feedback and aims to simplify tracking and using Bitcoin, while laying the foundation for upcoming products, including the Fold Bitcoin…
