On December 3, IREN announced the completion of a financing plan totaling more than $3.60 billion, including a $1.60 billion equity financing and a $2 billion convertible bond issuance. The financing will be used to repay the old low-priced convertible bond and strengthen the balance sheet to support the large-scale expansion of the company's AI cloud business. The newly issued convertible bond includes a $1 billion 0.25% 2032 bond and a $1 billion 1.00% 2033 bond, with an initial conversion pri...
JPMorgan said Michael Saylor's Strategy could face outflows of about $2.80 billion if MSCI removes it from major indices, and up to $8.80 billion if other index providers follow suit. That would depress valuations, reduce liquidity and make it harder to raise capital, analysts said. MSCI's decision is due on January 15, 2026, which is seen as a key milestone for the company's share price.
According to the latest data from Coinglass, the number of ZEC contract positions on the whole network has increased to 2.0971 million, and the market value of the position has exceeded 1.50 billion US dollars, reaching 1.506 billion US dollars, setting a new record high, with an increase of 21.49% in the past 24 hours; among them, Binance ZEC contract positions have reached 579,700, and the market value of the position is 416 million US dollars; Bybit's ZEC contract positions have reached 289,8...
According to 10x Research analysis, ETH has fallen below the 7-day and 30-day moving averages, and the technical form is bearish, falling by 6.6% in the past week. At the same time, ETH ETF has a net outflow of more than 1.40 billion US dollars, and long-term holders of 3-10 years on the chain are selling at the fastest rate since 2021, forming additional supply pressure. Despite the intensification of selling pressure, large-value addresses have attracted funds in the opposite direction during ...
On November 12, Matt Hougan, chief investment officer of Bitwise, said in his latest investment memo article that a fundamental argument for investing in cryptocurrencies is that crypto will reshape the fundamentals of finance. There are already three examples that have really worked: Bitcoin reshaping gold, stablecoins reshaping the dollar, and tokenization reshaping trading and settlement. This week, Coinbase announced the launch of a new ICO platform, adding a fourth disruptive innovation: ca...
Even after OpenAI clarified that the financing "does not require a government guarantee", the market's trust has been shaken. Investors are starting to reassess whether this trillion-dollar AI feast is still supported?
Nasdaq-listed Tharimmune (code THAR) announced a private placement of approximately $540 million to establish a digital asset treasury centered on Canton Coin. Investors include ARK Invest, DRW, Kraken, Liberty City Ventures, Broadridge, and Polychain Capital. The financing price is $3.075 per share, and it is expected to close on November 6. The Canton Foundation, which manages the Canton Network, also participated in the investment, which is its first investment in a public company. Tharimmune...
Jen-Hsun Huang, chief executive of NVIDIA, on Tuesday dismissed concerns about an artificial intelligence bubble, saying the company's latest chips would generate $500 billion in revenue over the next five quarters. At the GTC conference in Washington, Huang pointed to unprecedented sales growth driven by Blackwell processors and a new generation of Rubin models. The conference highlighted the company's partnerships with companies such as Uber, Palantir and CrowdStrike to integrate AI into a wid...
NVIDIA (NVDA. O) CEO Jen-Hsun Huang on Tuesday dismissed concerns about an artificial intelligence bubble, saying the company's latest chips will generate $500 billion in revenue over the next five quarters. At the GTC conference in Washington, Huang Renxun pointed out that Blackwell processors and a new generation of Rubin models are driving unprecedented sales growth. The conference highlighted the company's cooperation with Uber, Palant...
Spark, a DeFi lending agreement, invested $100 million of its stablecoin reserves in Superstate's USCC fund to diversify from its reliance on US Treasury yields through crypto spot and futures carry trades. The move comes as US Treasury yields have fallen to a six-month low. Spark previously primarily generated income through tokenized Treasury products, but this investment allows it to maintain stable income opportunities under the compliance framework, while expanding income sources.