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.
Market-moving crypto headlines from the last 24 hours.
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.
Thorchain, the decentralized cross-chain liquidity protocol, has been exploited across at least four major networks —…
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…
A four-chain drain hitting BTC, ETH, BNB and Base layers puts THORChain back on incident-watch — the fourth or fifth security event on a protocol that has been here before.
The pause and the missing post-mortem are the real story: cross-chain bridges have absorbed more than $2.8B in thefts since 2021, and Thorchain has not yet named the attack vector.
On-chain investigator @zachxbt flagged the multi-chain drain minutes after the funds started moving; the $10M mark is a live count and likely to climb as the attacker's wallets are tracked.
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.
Eleven of the last fifteen Q2 closes have been green — the strongest quarter by hit-rate. The setup heading into the back half of Q2 2026 is unusually aligned with that seasonality.
The motion targets two IRGC-linked addresses holding 344,149,759 USDT and seeks to satisfy roughly $2.42B in unpaid terrorism judgments against Iran.
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…
South Korea's Kospi index plunged 6% as investors aggressively sold off AI-driven technology stocks following a brief…
The S&P 500's cyclically adjusted P/E is within 5% of the 1999 high — and bitcoin is sitting at roughly half its 2025 peak, the kind of price gap that could pull diversification flows if equity…
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 15–9 committee vote hands crypto its most concrete legislative momentum in years, while spot BTC ETFs book $131M in net inflows on the same session.
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.
The case hinges on a stablecoin-specific legal hook: Tether already froze OFAC-designated Tron wallets, and the plaintiffs want the court to order it to reissue that USDT to terrorism-judgment…
With futures now pricing a 44% chance of a December rate hike, the opportunity cost of holding Bitcoin against a 4.05% two-year yield is doing exactly what the macro playbook says it should.