AI
Microsoft Deal Supercharges IREN’s AI Ambitions, Canaccord Says
The broker reiterated its buy rating on the stock while raising its price target to $70 from $42.
The Great Korean Pivot: From Memecoins to Machine Chips
As crypto trading volumes collapse in South Korea, retail investors are flocking to the stock market, fueling a state-backed AI-driven rally that’s replaced altcoin mania with semiconductor fever.
Crypto Markets Today: Bitcoin Holds $100K as Altcoins Extend Losses, AI Tokens Defy Trend
Bitcoin’s slide to $100,600 caps another week of losses due to renewed Fed caution. Ether and most altcoins are struggling, though AI-linked tokens are seeing outsized gains.
Bitcoin Miner IREN Posts Record First-Quarter Earnings, Looks to Growth in AI
The company is targeting $3.4 billion in AI Cloud ARR by end of 2026 with expansion to 140,000 GPUs and strengthened financing position.
Bitcoin Weakness Sends a Warning to Stocks, but Liquidity May Soon Turn, Citi Says
The Wall Street bank said fading crypto momentum could be flagging trouble for equities, though improving liquidity may revive the year-end rally.
Cango Eyes Strengthening of Bitcoin Mining Operations, Entry Into AI HPC Market
The Chinese automotive transaction firm turned bitcoin miner Cango issued an update to its shareholders.
Trump Says He Wants U.S. to Be ‘The Bitcoin Superpower,’ Cites Competition From China
In a Miami speech, the U.S. president said his orders ended a “war on crypto,” mentioned that crypto helps the dollar and warned China could gain if Washington stumbles.
The Protocol: ZKSync Aims to Revamp Its Tokenomics Model
Also: The First AI Agent App Store, ETH Devs Lock In Fusaka Mainnet Date and Edge & Node’s Ampersand.
Hut 8’s Tuesday Tumble Misguided and a Buying Opportunity: Benchmark
Investors overreacted to the absence of a hyperscaler deal announcement, overlooking Hut 8’s long-term potential in AI, energy, and bitcoin infrastructure.
Olas Launches Pearl v1, the First 'AI Agent App Store'
The new platform lets users own and control autonomous artificial intelligence agents, aiming to shift power from centralized AI providers to individuals.
