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In brief Hyperscale Data stopped Bitcoin mining at its Michigan data center on September 1. The AI agreement could generate more than $1.2 billion over 20 years if the customer exercises both extensions. The company plans to sell its mining servers as it prepares the facility for AI operations. Hyperscale Data shut down Bitcoin mining operations at its Michigan data center on Tuesday to make room for an AI customer whose contract could generate more than $1.2 billion over 20 years, the company said.In an announcement on Wednesday, Hyperscale said the previously announced deal could generate more than $1.2 billion…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Aave governance has approved a Base mainnet parameter update for its v3 deployment, adjusting risk settings around eMode and collateral caps. It is not the flashiest DeFi story in the world, but it is exactly the kind of thing that matters if you actually use these protocols. Aave does not grow only by launching big new markets. It also grows through careful, sometimes boring risk tuning. Collateral caps, borrowing parameters, eMode settings, and asset limits all shape how much liquidity users can access and how much risk…
Bitcoin may be rallying but that doesn’t mean the bear market is over. Not yet, anyway. A new report from asset manager Fidelity said that while bitcoin was behaving like it did in previous cycles, it could still hit a bottom in November. Bitcoin started rallying in mid-August after the U.S. Treasury Department said it would more than double the size of its government debt repurchases. The asset’s price recently stood at close to $81,639, up nearly 30% over a 30-day period. Some have since argued that bitcoin is out of its bear market. The coin touched a record high…
In brief Covered websites must verify Utah visitors’ ages even when VPNs conceal their location. Verification providers cannot retain identifying information after granting access. Operators face penalties for violations and cannot provide VPN instructions to help users bypass age checks. Utah is testing new ground in the digital rights battle, becoming the first state to directly target VPN use for age verification.The state will now require websites that host adult material to verify visitors’ ages even when VPNs hide their location, putting operators on the hook for determining whether users are physically inside the state.Myriad: Who will top Spotify in…
Bitcoin’s correlation with gold is at its highest in six years as investors increasingly look for ways to hedge against currency debasement. That’s according to a new report from Bitwise, which this week pointed out that the precious metal and leading cryptocurrency are trading in lockstep because the U.S. government has “materially intervened in the macro picture.” Bitcoin started surging last month, after the U.S. Treasury Department said it would more than double the size of its government debt repurchases. The coin had its best run in three years and third best August ever. JUST IN: Bitcoin’s correlation with gold…
In brief OpenAI released GPT-6 Astra, which president Greg Brockman called a “generational leap” and the arrival of AGI. Astra is the first model OpenAI has designated “critical” under its Preparedness Framework for cybersecurity. The model scored 100% on ExploitBench and discovered two zero-day vulnerabilities in Google’s V8 engine during testing. OpenAI on Thursday released GPT-6 Astra, a model president Greg Brockman called a “generational leap in capability” and the arrival of artificial general intelligence, or AGI.In a press briefing, Brockman told reporters he believes Astra meets the bar for AGI, which means artificial intelligence that can match or exceed…
Payward, the parent company of crypto exchange Kraken, and fintech company SoFi Technologies on Thursday announced a deal to route SoFi customers’ crypto orders through Kraken’s institutional trading platform and list SoFi’s stablecoin on the exchange. Under the agreement, SoFi will send its digital asset order flow to Kraken Prime, Kraken’s prime brokerage arm, which launched in 2025. Rather than filling trades against a single order book, Kraken Prime uses smart order routing to compare prices and depth across multiple venues and execute where the fill is best. SoFi said customers will see no change to the app itself. Payward…
Bitcoin surged on Thursday — but industry-related stocks rose even quicker as a rally that started weeks ago again picked up steam. The price of the biggest cryptocurrency hit as high as $81,282 on Thursday morning in New York, a nearly 3% increase over a 24-hour period. Over the past 30 days, the bitcoin price has surged over 23% following both positive regulatory news and announcements from the U.S. Treasury Department regarding debt buybacks. But other major crypto company stocks rose quicker. Bitcoin treasury Strategy (NASDAQ: MSTR) was trading more than 13% higher on Thursday. The company on Monday resumed…
Bitcoin surged on Thursday — but industry-related stocks rose even quicker as a rally that started weeks ago again picked up steam. The price of the biggest cryptocurrency hit as high as $81,282 on Thursday morning in New York, a nearly 3% increase over a 24-hour period. Over the past 30 days, the bitcoin price has surged over 23% following both positive regulatory news and announcements from the U.S. Treasury Department regarding debt buybacks. But other major crypto company stocks rose quicker. Bitcoin treasury Strategy (NASDAQ: MSTR) was trading more than 13% higher on Thursday. The company on Monday resumed…
Two Thai businessmen are suing Tether for freezing their USDT holdings worth tens of millions of dollars based solely on an informal US government request without any warrant or legal authority. The complaint filed in federal court details how the stablecoin issuer targeted their Ethereum (ETH) addresses using its blacklist capability. The plaintiffs had no contract or relationship with Tether. “On October 30, 2025, Defendants used that power against Plaintiffs —strangers to Defendants, with whom Defendants have no contract and no relationship of any kind —freezing tens of millions of dollars of Plaintiffs’ USDT contained in Plaintiffs’ blockchain addresses at…
In brief Bitcoin reclaimed $80,000, trading near $80,270 and up close to 3% over 24 hours, as XRP, Ethereum, and BNB rallied alongside a broader stock market advance. Fed Governor Christopher Waller signaled Thursday he could support holding rates steady, pulling September rate-hike odds down to 50.4% from 63.2% a day earlier, per CME FedWatch. CoinGlass data shows more than $500 million in crypto liquidations over 24 hours, with short sellers accounting for over $415 million of that as rising prices forced them to buy back positions. The crypto market—including Bitcoin and altcoins like XRP, Ethereum, and BNB—is riding a…
US spot Bitcoin ETFs returned to inflows Wednesday, extending a four-session pattern of investors repeatedly switching between buying and selling.Data from SoSoValue shows that the funds attracted $101.2 million on Sept. 2 after losing $236.5 million a day earlier. That followed $216.7 million in inflows on Aug. 31 and $201.9 million in withdrawals on Aug. 28, leaving the group without sustained direction since its previous inflow streak ended.Bitcoin’s price has been similarly unsettled. BTC closed Aug. 27 around $80,268 before falling to $77,821 the following day, recovering to $78,553 on Aug. 31 and slipping back toward $77,300 by Sept. 2.…
In brief The moratorium covers students from 2-K through eighth grade and takes effect in the 2026-27 school year. Companion chatbots are barred in every grade, high school included. Quill, Edia, Brisk Teaching, Playlab and Intel AI-Ready Schools will run metered pilots in a maximum of five classes per high school. New York City has barred students from 2-K through eighth grade from using generative AI for a year, in what Mayor Zohran Mamdani and Schools Chancellor Kamar Samuels called the broadest such policy in the country.The moratorium reaches nearly 600,000 students, two-thirds of enrollment, and starts with the 2026-27…