Core Scientific (CORZ) shareholders have rejected a proposed $9 billion all-stock merger with CoreWeave (CRWV), halting one of the most anticipated deals in the AI data center sector. CORZ is higher by 4.5% on the news, while CRWV added modestly to earlier losses, now down… Read More
Bitcoin BTC$111,502.81 has rallied past $110,000, led by renewed optimism about the U.S.-China trade relations. The bounce means BTC is now trading at levels where market makers could add to price turbulence ahead of Friday’s multi-billion dollar options expiry. Data from the Deribit-listed options market,… Read More
Chainlink’s native token LINK LINK$17.96 recovered to $18.40 during the Wednesday session, reversing losses from a sharp intraday selloff that saw the price fall below the key $18 support level. A sudden volume spike of 4.59 million tokens — 178% above the 24-hour average —… Read More
A solid down day in crypto is morphing into a plunge after Federal Reserve Chairman’s unexpectedly hawkish remarks at his post-policy meeting press conference. “A rate cut in December is far from a foregone conclusion,” said Powell in his opening remarks. That was a shock… Read More
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin BTC$113,421.04 is hovering around $113,000 after dropping 1.4% in 24 hours, while the broader crypto market, measured via the CoinDesk 20 (CD20) index, fell 2%. The declines come amid a rotation into stablecoins ahead of… Read More
After the Oct. 10 market crash that saw massive losses in bitcoin BTC$112,902.56 and other cryptocurrencies, nearly $1 billion in DeFi positions involving Ethena’s staked USDe (sUSDe) are now at risk, according to a new report from Sentora Research. Since the crash, Sentora notes that… Read More
