Bernstein has reiterated its outperform rating on TeraWulf (NASDAQ: WULF) and maintained a $36 price target, following the company’s second-quarter earnings report. The firm’s positive stance is driven by TeraWulf’s significant progress in its high-performance computing (HPC) segment, which generated $32 million in revenue and accounted for 71% of total revenue during the quarter. This
One of the crypto market’s most paradoxical yet persistent signals has just flashed again. Bitcoin rose by nearly $2,500 only a few days after longtime CNBC Mad Money host Jim Cramer announced that he was completely exiting the asset because of the so-called quantum threat. While Cramer was protecting his capital, Bitcoin rebounded from a
Nasdaq-listed Bitcoin mining company PowerCompute has consolidated its three existing debt facilities totaling $18 million under a new Bitcoin-backed credit facility with Arch Lending. PowerCompute pledged 307 Bitcoin (BTC) from its treasury as collateral. The company entered an initial bridge loan with Arch on July 27 before entering into the new facility on Monday, according
Situational Awareness, the hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, reportedly invested $400 million in a privately held company days after it nearly collapsed under margin calls. The fund invested $100 million in the same unnamed company in July, Bloomberg reported Thursday, citing people familiar with the matter. The latest investment was completed
Bitcoin is about to enter an important liquidity zone where price action and derivatives positioning indicate rising volatility. While downside liquidation pools have mostly been cleared during prior selloffs, the most recent 24-hour liquidation map indicates that liquidity is still highly concentrated above the current market price. Asymmetric setup is formed Over the upcoming sessions,
Following the US ISM Manufacturing PMI report, today’s ISM Services PMI offers a more comprehensive view of the world’s largest economy. As the services sector remains dominant in US economic activity, investors are closely watching the report. This is because the report can provide hints on inflation, interest rates, and the Federal Reserve’s next policy
This week, several of the largest hedge funds on Wall Street were targeted in a wave of attempted cyberattacks, which reportedly include Point72 Asset Management, Citadel, Two Sigma Investments and Millennium Management. Attackers are said to have used voice phishing, or vishing, to manipulate employees into giving up their username and password credentials or allowing
Federal Reserve Governor Lisa Cook said she is prepared to support higher interest rates if US inflation fails to come down, a change that can pressure crypto and other high-risk investments. Cook was speaking at a luncheon hosted by the Anchorage Economic Development Corporation, saying that while some disinflationary forces are in play, she is
While the leading cryptocurrency Bitcoin set new records in 2025, many altcoins, including Ethereum, exhibited more limited upward momentum. In this context, altcoins generally lag behind $BTC, and cryptocurrency research company Blockworks Research has published a comprehensive report examining the performance of the altcoin market in recent years. According to the research, altcoins are lagging
Coinbase director Wilson Frederick sold 35,068 shares of company stock at an average price of $144.32 per share on Aug. 3, according to a U.S. Securities and Exchange Commission filing. The transaction totaled approximately $5.06 million, reducing Frederick’s direct holdings to 197,389 shares. Insider Transaction Details The sale was disclosed in a Form 4 filing