A newly formed investment group made up of BlackRock, Nvidia, xAI, Microsoft and others will acquire Aligned Data Centers in a $40 billion deal, the companies said Wednesday. The move adds fuel to a growing land grab for infrastructure to support artificial intelligence development. The consortium, called the Artificial Intelligence Infrastructure Partnership (AIP), plans to
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack. GM! Today’s top news: Crypto majors fall as China trade war rhetoric escalates; BTC at $111k Gold hits another new ATH as Bitcoin and
Recent comments from Federal Reserve Chair Jerome Powell have sparked intense debate about whether the crypto market could soon enter a new bull cycle fueled by quantitative easing (QE). What do analysts say about this possibility? Here’s a closer look. Could the Fed Restart QE in the Coming Months? During his speech at the National
The crypto market has seen a major infusion of stablecoins. As Tether (USDT) and Circle (USDC) minted a combined $4.5 billion in the wake of recent market volatility. This surge follows the market crash. This highlights the continued demand for digital assets that maintain a stable value amid turbulent conditions. Tether(@Tether_to) just minted 1B $USDT
Fed Chair Jerome Powell’s speech was the most-awaited event on Tuesday, October 14. The highlight of the Powell speech was that the Fed chair is leaning toward a more dovish stance, indicating higher chances of more rate cuts ahead amid the weak job market. Crypto market remains upbeat on the development, with Bitcoin price bouncing
Artificial intelligence and high performance computing (AI/HPC) miners continue to surge pre-market. IREN (IREN) is up 6% pre-market above $73 per share, after closing a $1 billion private offering of 0.00% convertible senior notes due 2031. The deal was oversubscribed and included a fully exercised $125 million greenshoe. The notes carry a 42.5% conversion premium,
US spot Bitcoin and Ether exchange-traded funds (ETFs) saw inflows on Tuesday as Federal Reserve Chair Jerome Powell hinted further rate cuts may come before year-end. Spot Bitcoin (BTC) ETFs saw $102.58 million in net inflows, rebounding from a $326 million outflow a day earlier, according to data from SoSoValue. Fidelity’s Wise Origin Bitcoin Fund
Gold hit a new record high Tuesday, while billions exited major crypto exchanges. Futures briefly crossed $4,200 per ounce before closing at $4,197.6 in New York trading Tuesday, according to data from CME Group. Trade publication The Kobeissi Letter characterized the turn as “the first time in history” that gold has crossed the mark, noting
175-year-old French banking giant ODDO BHF, which manages over €150 billion ($173 billion) in assets, is entering the crypto space with the launch of a euro-backed stablecoin dubbed EUROD. The token is set to be listed on Madrid-based crypto platform Bit2Me, one of the largest exchanges in the Spanish-speaking world that’s backed by telecom giant