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JPMorgan: Bitcoin Miners’ Market Cap Jumps 22% Following AI Hosting Deal

Global investment bank JPMorgan has observed a notable surge in investor interest in bitcoin miners after Core Scientific announced it would host 200 MW of GPUs for AI hyperscaler Coreweave.…

Continue ReadingJPMorgan: Bitcoin Miners’ Market Cap Jumps 22% Following AI Hosting Deal

Heavy Sell-Off Sees Bitcoin Drop Below $60K, Over $140M in BTC Longs Liquidated

Bitcoin’s price fell beneath the $60,000 mark on Monday, declining over 6% against the U.S. dollar. At 1:30 p.m. EDT on June 24, the currency’s price hit an intraday low…

Continue ReadingHeavy Sell-Off Sees Bitcoin Drop Below $60K, Over $140M in BTC Longs Liquidated

Metaplanet Directors Approve BTC Acquisition Plan; Company’s Stock up by Nearly 500% YTD

The directors of Tokyo-based investment and consulting firm Metaplanet Inc. have approved the company’s proposal to purchase Bitcoin worth $6.25 million using bond proceeds. Metaplanet clarified that the acquired cryptocurrency…

Continue ReadingMetaplanet Directors Approve BTC Acquisition Plan; Company’s Stock up by Nearly 500% YTD