Bitcoin Surges

Bitcoin Miner Terawulf Sells 25% Equity Stake to Fund AI and High-Performance Computing Expansion

TeraWulf Inc. has completed the sale of a 25% equity stake in its Nautilus Cryptomine joint venture for approximately $92 million, a strategic move aimed at funding the company’s growth in artificial intelligence (AI) and high-performance computing (HPC) initiatives. Short Summary: TeraWulf sells a 25% stake in its Nautilus project to Talen Energy for $92…

Bitcoin Surges

Elon Musk Sounds Alarm on $35 Trillion U.S. Debt, Predicts Bitcoin Boom Amid Economic Uncertainty

Elon Musk has issued a stark warning over the escalating U.S. national debt, now surpassing $35 trillion, while also predicting a potential surge in Bitcoin amidst growing economic uncertainty. Short Summary: Musk claims the U.S. is on a path toward bankruptcy due to excessive national debt. Interest payments on this debt are becoming unsustainable, projected…

Bitcoin Surges

Bitcoin ETFs Experience $242M Exodus Amidst Broader Market Challenges

Recent market pressures have prompted a significant withdrawal from Bitcoin exchange-traded funds (ETFs), with an astonishing $242 million flowing out as investors brace for ongoing challenges. Short Summary: Bitcoin ETFs faced a historic outflow of $242 million amid bearish market conditions. The overall cryptocurrency market has experienced heightened volatility and uncertainty. Potential regulatory changes and…