Hyperscale Data (NYSE American: GPUS), an artificial intelligence data center company anchored by Bitcoin, said Monday that it held 219.0652 Bitcoin worth about $18.5 million and roughly $37.5 million in cash and restricted cash as of September 27, according to a company announcement. The combined position of about $56 million represented approximately 153% of the
A trend gauge is showing signs of a cooloff after bitcoin’s rally pushed it to just 10 points short of a perfect score. Bitcoin rose 0.4% to just above $83,300 as of Wednesday Asian morning hours, down from an eight-month high near $87,400. CryptoQuant, an onchain analysis firm, pegs its Bull Score at 90 out
Bitcoin Becomes the Basis for New Financing Bitcoin is becoming the foundation for a wider set of financial products, according to TD Cowen’s account of the Sept. 28 Bitcoin Treasuries Conference in New York. TD Cowen is a division of TD Securities. Its equity analyst Lance Vitanza, CFA, examined discussions of capital formation, collateral, and
Bitcoin miner Hut 8 announced on Sept. 28 that it had closed a four-year, $1 billion senior secured credit line. The facility gives the parent company room to borrow during site development and to back construction obligations with letters of credit. Its securities filing says no amounts were outstanding when the agreement closed on Sept.
Avalanche Leads Tokenized Stock Growth as Solana Wins New Users Tokenized equities are starting to reveal two very different growth stories. Over the past seven days, Securitize’s SECZ added $132 million in market capitalization, almost 10 times more than the next-largest tokenized stock, according to the RWA Foundation. That single move helped push Avalanche to
Bitcoin’s rally keeps pulling in fresh capital, but the buying pressure behind it has turned uneven, according to Glassnode’s latest weekly report. Spot Buyers Are Losing Conviction Glassnode wrote in its Sept. 28 report that Bitcoin traded near $84,000 after touching $87,000 the previous Wednesday. The week finished about 4% higher, but the report attributes
For years the crypto industry had one apparent advantage over the stock market: while Bitcoin [BTC] never sleeps, stock exchanges have their opening and closing times. But what happens when stocks begin trading almost around the clock as well? TradFi is now chasing crypto’s 24/7 trading model The stock market model is now starting to
Ric Edelman Raises Bitcoin Allocation Call From 1% to 40% Bitcoin is moving from satellite allocation to potential portfolio core, at least in Ric Edelman’s view. Speaking at the Bitcoin Treasuries Conference in Manhattan on Sept. 28, the founder of Edelman Financial Engines said his recommended bitcoin allocation has risen dramatically from the 1% level
Market expectations that the Fed will raise interest rates again in October have significantly declined following comments by New York Fed President John Williams. Williams stated that there is “no need to rush” into a new monetary policy step, causing the probability of an October rate hike, as priced in by the markets, to fall
ChatGPT developer OpenAI is reportedly eyeing another $30 billion raise that could value it at $1.4 trillion, making it one of the world’s most valuable companies even before it goes public. Citing people familiar with the matter, Bloomberg reported Tuesday that OpenAI is in the early stages of discussions for the new funding round, with