Crypto

[Brief] Core Scientific Acquires Polaris in 421 Million Dollar AI Data Center Deal According to The Block, Core Scientific announced the acquisition of Bitcoin miner Polaris for $421 million to expand its AI data center campus in Oklahoma. Polaris’s 40-acre site is energized and operating with 40 megawatts of contracted power through Oklahoma Gas and Electric. This reflects the ongoing trend of mining companies pivoting toward AI infrastructure. Source: The Block ...

Bitcoin Core Vulnerability Patched Bitcoin Core disclosed a use-after-free memory bug that could allow miners to crash nodes and potentially execute remote code. The fix was completed silently months ago, but many nodes may still be running affected versions of the software.

Coinbase CLO Bullish on Stablecoin Legislation Coinbase Chief Legal Officer Paul Grewal said at the Consensus conference that the Clarity Act will pass this summer. He backed the Tillis-Alsobrooks stablecoin compromise and urged banks to accept the deal framework.

Kraken Launches Compliant Margin Trading Crypto exchange Kraken has launched regulated spot margin trading in the US, the first product built on licenses acquired from Bitnomial. Perpetual contracts and options products are expected to follow.

O’Leary Warns Tokenization Needs Regulatory Framework “Shark Tank” investor Kevin O’Leary said Wall Street’s current tokenization boom lacks a clear crypto regulatory framework, and institutional investors still view it as too risky. He noted that widespread institutional adoption cannot happen until the US establishes clear cryptocurrency compliance standards.

OpenTrade Secures a16z-Backed Funding Stablecoin yield and RWA lending platform OpenTrade raised $17 million, led by Mercury Fund and Notion Capital. The platform’s TVL has exceeded $200 million, targeting neobanks and fintechs.

Crypto Legislation Faces Ethics Provision Dispute Senator Kirsten Gillibrand warned that there will be no deal on sweeping cryptocurrency market structure legislation without an ethics provision. She specifically cited Trump’s ties through memecoins and World Liberty Financial.

Coinbase CLO Bullish on Stablecoin Legislation Coinbase Chief Legal Officer Grewal said at the Consensus conference that stablecoin legislation “will pass this summer.” He called for compromise on a stablecoin regulatory framework and urged industry participants to work constructively with regulators to advance the legislative process.

Kraken Launches Regulated Margin Trading Crypto exchange Kraken announced the launch of regulated spot margin trading in the United States, following its recent acquisition of Bitnomial. The move marks a significant step in Kraken’s compliance strategy, providing US investors with more institutional-grade crypto trading tools.

Colombia wants to mine bitcoin with surplus renewable energy Colombian President Gustavo Petro said the country’s Caribbean coast could host bitcoin mining facilities powered by surplus renewable energy, following a path similar to El Salvador’s. This marks another Latin American nation formally embracing cryptocurrency mining, combining renewable energy infrastructure with bitcoin mining operations. Source: CoinDesk