IREN Ltd. shares rose more than 12% in Thursday morning trading after the AI cloud infrastructure provider announced it had delivered the first phase of its large-scale Microsoft deployment and secured Nvidia Exemplar Cloud status, marking two significant milestones in its push to become a leading provider of AI computing infrastructure. IREN said it had
Bitcoin’s price action remains at a critical juncture, with data from CoinGlass indicating that a drop below the $62,859 mark could trigger a wave of forced selling. According to the analytics platform, such a move would liquidate approximately $516.39 million in long positions across major centralized exchanges. Conversely, a rally above $64,094 would lead to
Bitcoin remains under pressure below $65,000 as weakening momentum and heavy liquidity beneath the market keep downside risks elevated. Two technical setups point to the $60,500-$62,200 region as the key area to watch before $BTC can establish a stronger recovery. Bitcoin Liquidity Builds Below $62,200 as Bears Eye a Deeper Sweep Bitcoin remains trapped between
Lombard, a protocol focused on Bitcoin liquid staking, has announced a significant shift in how its LBTC token generates yield. The project will move its yield-generation model away from Babylon Bitcoin staking and toward a covered-call options strategy managed by Bitwise, aiming for a 2.5% annual net APY in $BTC terms. Strategic pivot to options-based
Kalshi is in advanced discussions to raise at least $750 million at a $40 billion valuation, The Information reported, citing people familiar with the matter. Sequoia Capital and Wellington Management are considering leading the round, which could ultimately exceed $750 million. Sequoia is already an investor in Kalshi, while the deal would mark Wellington’s first
Robinhood Ventures Fund II has priced an 8 million-share initial public offering at $25 per share, raising $200 million before fees as Robinhood expands its retail-focused private market fund business. According to a press release from Robinhood Ventures Fund II, the offering values the fund at $225.5 million before sales load and offering expenses, with
Bitcoin had a chance to break higher today, but the move failed to gain real traction, according to one chart analyst who says the setup still points to a bear market where upside attempts tend to fizzle out more often than they succeed. Why Rally Attempts Keep Failing The main issue, according to the analysis,
Mike Novogratz, the founder and CEO of Galaxy Digital, said the U.S. government’s persistent fiscal deficits are keeping him bullish on Bitcoin, the flagship cryptocurrency. He has predicted that Washington’s persistent reluctance to rein in spending will result in forced fiscal discipline. Frightening figures Novogratz made the comments on X in response to investor and
Major financial publications appeared to be in disagreement this month, publishing three different dates for when 319 million additional shares of SpaceX would unlock this month. At Wednesday’s share price, that unlock is worth about $46 billion — a figure that should certainly motivate shareholders to decide on an exact date for the expansion of