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Hut 8 is pushing even further into AI infrastructure than most other Bitcoin miners are. Its latest disclosures show a company using power access, data center leases, project debt, and BTC-backed liquidity to build the financing stack for that move.The company’s latest disclosures put numbers around that transition. Hut 8 reported $16.8 billion in triple-net, take-or-pay contracted lease revenue across two hyperscale AI campuses, then separately refinanced a $200 million Bitcoin-backed credit facility with FalconX.The new facility cut the fixed rate to 7.0% from 9.0% and unencumbered roughly 3,300 BTC from the prior collateral package. Related ReadingHut 8 receives $150…

In brief A CNBC report suggests that Elon Musk aims to combine his firms SpaceX and Tesla as the former’s IPO looms. The pair collectively owns more than 30,000 BTC according to new filings, valued at more than $2.2 billion in total. The combined public entity would rank inside the top five of publicly traded Bitcoin treasuries. The combination of SpaceX and Tesla—a reported possibility—could put the world’s richest man, Elon Musk, in direct control of more than 30,221 Bitcoin valued at about $2.27 billion. The move would place the combined firm comfortably inside the top 10 publicly traded Bitcoin treasuries,…

In brief A new study argues the term “AI psychosis” oversimplifies how chatbots affect mental health. Researchers say AI systems can reinforce unhealthy beliefs through constant affirmation and emotional validation. The paper introduces “existential drift,” describing how AI interactions may gradually reshape a person’s sense of reality. As AI chatbots become more emotionally responsive, conversational, and personalized, researchers warn that those same traits could reshape how some users experience reality itself.A new preprint study, “Rethinking AI Psychosis: Misnomers, Conceptual Limits, and Existential Drift,” examines concerns that AI chatbots may reinforce delusions, paranoia, and emotional dependency in vulnerable users.“There has been…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure XRP’s trading conditions on Binance have deteriorated sharply, according to a new analysis by market expert Sam Daodu. Daodu points to a 30-day liquidity index that has fallen to roughly 0.043, the lowest level since January 2020.  For context, between 2022 and 2024 the same index typically sat above 3—and at times above 4—signaling a much deeper and more active market. XRP Liquidity Thins What makes this shift stand out is that it appears to have happened while price strength was holding up. Daodu says market depth…

A Miami man faces multiple felony charges after police say he stole nearly $2 million worth of Bitcoin from a former employer — a theft that went undetected for years while the cryptocurrency sat locked in a safe. Nahum Reynaldo Castro, 40, was arrested Tuesday on charges of grand theft, money laundering, unlawful use of a communications device, and offenses against computer users, according to an arrest report obtained by NBC 6. The case stretches back to December 2017, when the victim began purchasing Bitcoin as a long-term investment. He bought a hardware wallet to store the digital currency, and…

Analysts at J.P. Morgan Private Bank say the S&P 500 may be on its way to 9,000 fueled by broader artificial intelligence adoption and a sustained earnings supercycle. Strategist Kriti Gupta says the index has already delivered six consecutive quarters of double-digit earnings growth. Global earnings growth accelerated from 15.3% year-over-year in the fourth quarter of 2025 to 22.6% in the first quarter of 2026, the highest in over four years. The analyst says 9,000 could happen by mid-2027, but requires AI adoption to spread beyond the technology sector, lifting productivity and margins economy-wide. The largest cloud providers are deploying…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ripple has submitted a follow-up response to the SEC Crypto Task Force seeking clearer treatment for payment stablecoins, crypto asset non-securities and tokenized securities under broker-dealer rules. The letter, dated May 22, 2026 and shared by BankXRP on X, points to a broader push for regulatory clarity around collateral treatment, custody requirements and whether on-chain records can serve as the authoritative legal registry for tokenized assets. The document is addressed to the SEC Crypto Task Force at the US Securities and Exchange Commission and is marked as…

In brief Threat actors are aggressively exploiting pre-order anticipation for GTA 6 by targeting PC and mobile users with fake applications. Attackers, according to NordVPN, are cloning well-known piracy websites to distribute fake game packages with hidden malware. GTA 6 has been rumored to use crypto, but those whispers have gone unsubstantiated as the game nears its November release. Cybercriminals are weaponizing widespread excitement surrounding Grand Theft Auto 6, flooding the internet with phishing traps and malware repacks ahead of the game’s highly anticipated November release.According to research from NordVPN’s Threat Intelligence team, bad actors quickly moved to capitalize on…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On-chain data shows an ancient Ethereum wallet containing 2,000 ETH that had been inactive for nearly 11 years has suddenly come back to life. Ethereum OG Wallet Has Turned $620 Into $4.2 Million According to data from cryptocurrency transaction tracker service Whale Alert, an old Ethereum wallet has just broken a 10.8-year phase of dormancy. The address in question held a total of 2,000 ETH, worth $620 back in 2015. The wallet is so old that Whale Alert classifies it as a pre-mine address. In the context…

In brief Ethereum treasury firm Sharplink and Solana treasury Forward Industries will be included in the Russell 3000 and 2000 indexes. The firms join BitMine Immersion Technologies as the latest crypto treasuries to be included with the reconstitution of indexes. Shares in Sharplink dipped on Tuesday, while FWDI shares saw a small bump. Publicly traded Ethereum treasury firm Sharplink will join the Russell 2000 and 3000 indexes when their semiannual restructure goes into effect on June 29, the firm announced on Tuesday.The firm’s index inclusion follows that of peer and rival Ethereum treasury firm BitMine Immersion Technologies, which will also…

In brief MiniCPM5-1B scores an average of 42.57 across agentic and reasoning benchmarks, beating the next-best 1B-class competitor’s 35.61. The model supports MCP and native tool calling out of the box, enabling local agent workflows on consumer hardware without cloud connectivity. In our tests, the model showed strong conversational fluency but produced a hallucinated chain-of-thought response and failed a basic logic trap. MiniCPM5-1B, a one-billion-parameter model from OpenBMB, is the latest release in the MiniCPM on-device series. It supports native tool calling and the Model Context Protocol (MCP), fits on a smartphone’s memory, and benchmarks ahead of every comparable open-source…