Crypto

Core Scientific to acquire bitcoin miner Polaris in $421M AI data center deal Core Scientific announced the acquisition of bitcoin miner Polaris for $421 million. Polaris operates a 40-acre energized data center campus in Oklahoma with 40 megawatts of contracted power through Oklahoma Gas & Electric. The deal marks an acceleration of traditional mining companies transitioning to AI data center infrastructure. Source: The Block

Hut 8 shares soar over 30pct after $9.8B AI data center deal Bitcoin miner Hut 8 shares surged over 30 percent after the company secured a $9.8 billion AI data center deal built to NVIDIA specifications. The deal marks the first phase of Hut 8 commercializing its Beacon Point data center campus in Nueces County, Texas. This further validates the market trend of mining companies pivoting to AI infrastructure. Source: The Block ...

NYSE tokenization partners warn synthetic stock tokens could mislead retail NYSE tokenization partners have warned that offshore synthetic stock tokens may not represent the underlying equity, with some projects using company names without approval and exploiting regulatory arbitrage. As tokenized stock products proliferate, investors are urged to be cautious about the risk that these products may be disconnected from actual equity ownership. Source: CoinDesk

[Brief] Attackers drain $1.4M in wrapped bitcoin from DeFi protocol Ekubo in approval-based exploit DeFi protocol Ekubo was exploited via an approval flaw in its EVM swap router, losing approximately $1.4M in WBTC. Source: The Block

[Brief] Beyond humans: Lily Liu says Solana is building the payment rails for the ‘AI machine economy’ Solana Foundation President Lily Liu says stablecoin adoption by firms like Western Union is building payment rails for the AI machine economy. Source: CoinDesk

[Brief] Bitcoin hits longest negative funding streak this decade as K33 flags short squeeze risk Bitcoin funding rates hit the longest negative streak this decade, with K33 analysts flagging a potential short squeeze. Source: The Block

[Brief] Bitcoin moves above $82,000 while ZEC and DASH post double-digit rallies Bitcoin broke above $82,000 while privacy coins ZEC and DASH posted double-digit rallies. A weaker dollar lifted the broader crypto market. Source: CoinDesk

[Brief] Bitwise CIO says big tech stablecoin tests could help drive $4 trillion supply by 2030 Bitwise CIO says tech firms like Meta and DoorDash exploring stablecoin payouts could drive total stablecoin supply to $4 trillion by 2030. Source: The Block

[Brief] Bullish’s Equiniti deal could remake it into a tokenization powerhouse, Clear Street says Bullish’s deal with Equiniti could make it a tokenization powerhouse, Clear Street says. Source: CoinDesk

[Brief] DeFi’s stress test ends quietly. Nothing broke. The recent DeFi stress test ended quietly with no system failures or cascading liquidations, showing ecosystem resilience. Source: CoinDesk