AI
Galaxy Digital lost $85M on crypto as its projected $80M in AI revenue must offset $3.5B AI investment
All 133 MW is live, but the revenue figure is Q3 guidance and does not yet offset the Q2 loss.
Sentiment: Neutral
Latest stories
AI
Hyperscale sells Bitcoin for AI business set to deliver less than 20% of 2027 revenue
The company is targeting up to $350 million in sales, but lending, digital assets and portfolio companies are expected to carry the forecast.
Stablecoins
How a crypto startup allegedly siphoned 470,000 Binance users to build a $4 billion card empire
Binance’s $473 million lawsuit alleges RedotPay diverted 470,000 users as stablecoin firms race to control cards and checkout.
Staking
BNY and BlackRock funnel billions through one infrastructure provider, exposing the fragile illusion of crypto diversification
You own the coins and collect the yield, but Wall Street’s hidden validators now control the real power.
Trading
How institutional dark pools quietly ate 15% of crypto volume and killed the retail whale-watching edge
Institutional crypto trades are moving into dark pools, reshaping exchange liquidity and making whale activity harder for retail to track.
AI
Bitdeer lands $4.7 billion AI lease tied to Anthropic but must deliver by year end
The 16-year agreement could transform its business, provided a $500 million build stays on schedule.
AI
IREN’s $625 million AI bet creates a $476 million stock overhang
Former Mirantis investors and employees can now sell nearly 12 million shares received in the acquisition.
Mining
Hut 8’s $7 billion cash balance shrinks to $233 million outside its AI projects
Most of Hut 8's balance is dedicated to project construction and debt service, while quarterly interest expense reached $51.2 million.
Digital Asset Treasuries
Canaan can use crypto to buy back nearly 20% of its market value while its core business burns cash
Canaan authorization allows asset sales but reports no transaction, leaving current buyback capacity and available liquidity unresolved.
Analysis
Bitcoin price breaking out toward $69,000 now opens a turbo path toward $84,000
A Bitcoin breakout above $69,000 could open a thinner supply zone toward $84,000, but Friday’s jobs report and weak ETF demand may decide whether the move holds.
DeFi
Is crypto dead yet? Project shutdowns peaked this April but the latest 2026 data hides a scarier trend
New tracker logs 109 records of crypto project shutdowns, wind-downs, and inactivity as banks build controlled blockchain rails.
Mining
TeraWulf’s Bitcoin mining revenue fell 73% as AI related leases reached 71% of sales
HPC leasing generated $31.9 million in the quarter as the company spent heavily to expand its data-center capacity.