Bitcoin holds near $64,000 as U.S. inflation data looms, Harmony exploit rattles altcoins
Markets are quiet ahead of the July inflation print, with bitcoin little changed, oil near $90 and Harmony nursing a fresh exploit. Source:CoinDesk
Bitcoin miners earn under 0.7% of revenue from fees in new 10-year low
Bitcoin miners showed a “concerning” trend of pivoting to AI amid a profit squeeze as transactionfee income barely bounced from 10year lows of 0.52% of…
CoreWeave surges 16% on $2.58 billion revenue quarter as AI infrastructure demand eclipses crypto
Booming AI demand sends CRWV up 16% and lifts IREN and CIFR as investors favor computing infrastructure over crypto. Source:CoinDesk
AI capex could hit $1.6 trillion next year, says fund manager who sees more echoes of 1998 than the dot-com bust
A T. Rowe Price fund manager thinks the hyperscalers can comfortably fund their investment spending, and moreover, derive high returns on that invested capital…
Another AI lab is burning through cash as Tencent earnings rise
It’s not just American artificialintelligence companies burning through cash as they roll out evermore advanced models. Source:MarketWatch
Can I claim 50% of my husband’s Social Security now — and switch to my higher benefit at 70?
“I would like to offer a piece of advice for women who are or have been married.” Source:MarketWatch
Musician John Oates sells his idyllic Colorado ranch for $6.9 million
Rock ‘n’ roll legend John Oates, best known as half of the duo Hall & Oates, has sold the Aspen ranch he has owned for 35 years. Source:MarketWatch
One overlooked group has added $1.78 billion of selling pressure to bitcoin market
Public miners are an underappreciated source of supply hitting the market right at the margin. Source:CoinDesk
A stock just surged on news Situational Awareness had bought it. But its current fate is unclear.
Financial market disclosures made by Situational Awareness, the oncesoaring hedge fund that had to liquidate its portfolio of stocks, moved a stock on…
Crypto.com rolls out tokenized stock derivatives as crypto exchanges push into equities
The exchange is joining a tokenized stock market that has grown 600% in a year, though its products offer price exposure rather than share ownership.…
Harmony’s ONE dives 26% after an attack appears to mint tokens equal to quarter of supply
Harmony said in Asian morning hours it is working with exchanges to freeze funds and preparing a software fix. Source:CoinDesk
Dogecoin and BNB lead majors higher as bitcoin slips near $63,700
DOGE gained almost 3% to 7 cents and BNB 2% to $614, while bitcoin was the only major in the red on both the day and the week. Source:CoinDesk