The rsETH crisis resulted in $200 million in bad debt on Aave’s books, despite not a single line of its contracts misbehaving. …
Billion
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Finance
Crypto Fundraising Momentum Surges as Equiniti Leads With $4.2 Billion Raise
by shayaanby shayaanThe blockchain and crypto landscape is seeing another significant round of investment just in time, with several well known companies securing new …
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Scams
Bitcoin Miner IREN Secures $3.4 Billion Nvidia AI Deal, With $2.1 Billion Share Option
by shayaanby shayaanIn brief Nvidia and IREN Limited announced a $3.4 billion cloud services deal, with plans to deploy up to 5 gigawatts of …
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Markets
Bitcoin Faces Massive Long Liquidation Imbalance As $15 Billion Sits Below Price
by shayaanby shayaanMy name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three …
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SpaceX plans an initial $55 billion Terafab chip and AI megafactory in Grimes County, Texas, as part of Elon Musk’s broader Austin-centered …
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Mining
Hut 8 Surges 30% After Landing Second AI Data Center Lease Worth $9.8 Billion – Bitcoin News
by shayaanby shayaanThis article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) …
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Finance
BlackRock has scooped up over $1 billion of these cryptocurrencies in May
by shayaanby shayaanBlackRock, the world’s largest asset manager, accumulated over $1 billion worth of Bitcoin (BTC) and Ethereum ($ETH) through its spot ETFs in …
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Markets
The metaverse isn't a place: Why Animoca’s Yat Siu says the future is 100 billion AI agents
by shayaanby shayaanYat Siu said the metaverse is evolving beyond immersive digital worlds, with AI agents increasingly handling commerce, payments and coordination through blockchain …
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Mining
Hut 8 shares jump over 30% on news of $9.8 billion AI data center lease
by shayaanby shayaanHut 8 (HUT) shares surged nearly 30% Wednesday as the company announced a 15-year, $9.8 billion lease tied to a large-scale AI …
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Regulation
Argentines Hoard $170 Billion in Cash as Milei’s Tax-Free Deposit Scheme Flops
by shayaanby shayaanAnalysts believe that the ghost of the restriction of dollar depositors, popularly referred to as “corralito,” still haunts Argentines who prefer to …