IREN reported a $247.8 million net loss, with Bitcoin revenue down 22%. The company also detailed a $3.4 billion cloud services agreement with NVIDIA and expansion plans in Spain.
Cathie Wood’s latest Big Ideas discussion spans Bitcoin, AI, orbital data centers, nuclear power, autonomous transport and US-China AI competition, with a $1.5 million Bitcoin target by 2030.
A widely discussed commentary argues Ethereum’s rollup-centric roadmap failed to deliver, exposing internal conflict, weak incentives, and developer departures, while even long-time backers such as Paradigm are now linked to Layer 1 efforts.
Open USD has launched with more than 140 partners, emphasizing distribution and institutional adoption over pure scale. Stellar joined as a launch partner, while revenue sharing, zero mint and redemption fees, and consortium governance set the model apart.
The UK FCA has set a licensing timeline for crypto firms, with applications opening in September and closing on February 28, 2027. The new regime will take effect on October 25, 2027, covering exchanges, custodians, stablecoin issuers, staking firms, and other intermediaries.
Early Bitcoin investor Michael Terpin says the bottom hasn't been reached, predicting a drop to $57,000 in October and ruling out a new all-time high in 2026. Analyst Jason Fernandes agrees the bottom is yet to come but disputes the timeline, citing incomplete capitulation.
Vercel suffered a security breach allowing attackers to access API keys and backend settings; unverified forum listings claim $2M data sale. Orca and other apps rotated deployment keys. Vercel says sensitive environment variables were not compromised.
BIT co-founder and CCO Cynthia Wu said the Matrixport rebrand reflects a shift from a crypto-focused platform to a broader multi-asset financial services brand, with licensing and institutional business expansion underway.
