IREN raises $3B in convertibles to fund AI infrastructure pivot
The 1.00% coupon and fully exercised $400M greenshoe show real demand at a discount to dilution — and they land a week after IREN booked $9.7B in Microsoft AI cloud commitments.
Crypto business news — institutional moves, funding rounds, payments, partnerships, and country-level adoption.
The 1.00% coupon and fully exercised $400M greenshoe show real demand at a discount to dilution — and they land a week after IREN booked $9.7B in Microsoft AI cloud commitments.
The deal doesn't just add liquidity — it turns USDC's $5B Hyperliquid supply into a yield-sharing relationship worth $105M-$200M annually, and sets a template the rest of DeFi will negotiate against.
The deal closes one month after South Korea's Digital Asset Basic Act proposal and locks in joint work on a won-pegged stablecoin, blockchain remittances and tokenized securities between a top-five…
The single-day buy is small next to the four-week total: an a16z-linked wallet has now stacked 1.71M $HYPE, a signal that the institutional bid for the token is still active rather than rotating out.
The bitcoin miner-turned-AI operator upsized a $2B raise to nearly $3B in three days — one of the sector's largest converts, with proceeds funding Nvidia-backed GPU and data center buildout.
A deal would land a top global offshore exchange inside one of South Korea's four major domestic venues, putting a real institutional tradfi partner in the cap table alongside OKX.
Nvidia is now roughly $300 billion away from becoming the first company in history to cross the $6 trillion market…
The 319% revenue jump came on a tiny base, while the bulk of the net loss is a non-cash SOL mark-to-market hit that exposes how exposed a Solana treasury vehicle is to its own holdings.
The headline is the BTC count, but the real signal is the preferred-stock float doing the funding work — $1.5B of STRC demand in a single session lets Strategy keep adding bitcoin without tapping…
The committee vote unlocks the SEC-to-CFTC jurisdictional split the market has been pricing as a tail risk for years — but a full Senate floor vote, cloture math, and a conference with the House…
A potential minority stake in Coinone lands on the same day Hana Bank disclosed a $670M anchor in Dunamu, the parent of Upbit — South Korea's two largest venues reshuffling ownership in a single…
Anthropic is offering fellows $3,850 per week, placing the AI safety lab's fellowship program among the most lucrative…
The committee vote advances the market-structure bill, but a stablecoin-yield fight with the banks, a Trump-conflict push from Warren, and a 60-vote Senate floor hurdle all stand in the way.
Chinese President Xi Jinping confirmed that China and the United States have reached an agreement to stabilize trade…
A fourth straight day of ETH ETF outflows paired with a clean BTC inflow session shows the institutional bid is still doing the work — just unevenly across products.
The Luxembourg license lets a top-tier crypto liquidity provider deal across all 27 member states from a single passport — a structural advantage as MiCA transitions from text to enforcement.
The $146.7M net loss narrowed sequentially from $185.3M, but the revenue line tells the harder story: the staking-yield compression that defined Q1 is now hitting the top line.
HashKey Research flags a structural split: US rules unlock bank-grade stablecoin adoption while yield restrictions push yield-seeking capital into Asian rails and wrapped products.
President Donald Trump stated that the United States has made what he described as "fantastic trade deals" with China…
President Donald Trump declared that the United States has reached what he described as 'fantastic trade deals' with…