IREN reported $707 million in revenue for fiscal 2026, yet its cash use for investing activities surged to $4.723 billion and capital commitments climbed to $13.81 billion by June 30. The company, which is shifting from bitcoin mining to AI cloud infrastructure, has tied that expansion to a string of large GPU orders, including Dell procurement deals linked to contracts with Microsoft and NVIDIA. It has also moved beyond compute, acquiring data center developer Nostrum and cloud software company Mirantis to build out engineering and software capabilities. At the same time, IREN signed a high-profile Golden State Warriors sponsorship that drew scrutiny because its annual cost, as reported by Sportico, exceeds $50 million on average. The company’s financing model relies on customer prepayments, GPU-backed financing, convertible debt, and equity issuance, effectively turning future AI contract revenue into present-day capital for hardware and data center buildout. The bet is not only on AI demand, but on speed: speed to deploy power, data centers, and GPUs before the current infrastructure window narrows.

Two memecoins most closely tied to Martin Shkreli, CITRINI and MARTIN, fell at least 94% from their highs in less than 24 hours after he joined Solana launchpad Pump Fun, according to Protos. Shkreli had announced on Monday that he would start livestreaming his trades on the platform, drawing more than 700,000 views, while Pump Fun’s official account said he had posted a 6,263% gain and held $1.6 million in his wallet within a day. The rally did not last. MARTIN fell from $0.0031 on launch day to $0.00016 by Tuesday morning, leaving its market capitalization at roughly $150,000. CITRINI slid from $0.0031 to $0.000087, a 97% drop. Protos also tied the latest losses to earlier Shkreli-linked tokens, including Ethereum-based MSI and Solana-based DJT, both of which previously suffered collapses of more than 90% from their peaks. The report also noted renewed attention on Shkreli after his recent comments about shorting Moderna at $80, before the stock later rose 100% from that level following positive FDA Phase 3 results.

Protos says a group of self-described crypto entrepreneurs has again thrown sex toys onto WNBA courts, this time without using a profit scheme to frame the stunt. The outlet revisits last year’s Green Dildo memecoin promotion, when the group created NFTs and opened Polymarket markets tied to the harassment. It also says the group now claims to back protests against the WNBA’s acceptance of trans athletes, while noting that no trans athletes currently have ever played in the league. Protos adds that people caught throwing the objects have been arrested and handed indefinite bans from WNBA and NBA games, and says copycats appear to be fading faster than last year.

Coinbase has partnered with the NBA, WNBA, G League, NBA 2K League, and USA Basketball as the exclusive cryptocurrency platform, marking the first such deal for each league.

Nasdaq-listed crypto exchange Coinbase has signed a multiyear partnership with the NBA, WNBA, NBA G League, NBA 2K League, and USA Basketball, marking the first cryptocurrency platform deal for each league.

Coinbase announces multiyear partnership with NBA, WNBA, NBA G League, NBA 2K League, and USA Basketball, marking the first cryptocurrency platform partnership for each league.

Nasdaq-listed crypto exchange Coinbase has signed a multiyear exclusive deal with the NBA, WNBA, NBA G League, NBA 2K League, and USA Basketball, marking the first cryptocurrency platform partnership for each league, aiming to educate fans through innovative content.

AEG and Crypto.com have signed a 20-year naming-rights agreement that will rename Staples Center to Crypto.com Arena, with reports valuing the deal at more than $700 million. Crypto.com also becomes the official cryptocurrency platform partner of the Lakers and LA Kings.