Hyperscale Data monetizes bitcoin to fund AI data center Hyperscale Data has begun using part of its bitcoin treasury to fund construction at its Michigan AI data center campus. The company has monetized about 100 bitcoin and directed the proceeds toward construction and e
Proceeds from Bitcoin sales and a BTC-backed credit facility will fund a $1.2 billion AI data center contract in Michigan. Hyperscale Data sold 100 Bitcoin and secured a Bitcoin-backed credit facility to finance its Michigan AI data center. The sale supports construction a
xAI sues Minnesota over law imposing $500,000 per-image fines xAI filed a federal lawsuit against Minnesota to block a law targeting AI nudification platforms. The law, set to take effect August 1, imposes up to $500,000 per-image civil penalties. Minnesota passe
Binance Research: Crypto Market Saw Broad Onchain Contraction Rather Than Sector Rotation in Half-Year 2026 Binance Research report found that the crypto market experienced broad onchain contraction rather than sector rotation in the first half of 2026. Total DeFi TVL decl
Active loans in decentralized finance lending protocols rose to $22.2B, marking the first monthly increase in 2026 after five declines. Active loans in decentralized finance lending protocols climbed to $22.2 billion in July, a 7.2% increase from June’s $20.7 billion. The
Digital asset insurance provider Soter Insure has completed the first close of its Series B funding round, led by Galaxy Digital, which also led its Series A round. Coinbase Ventures and Franklin Templeton joined the round as new investors, while Brevan Howard Digital and
Firm sells Bitcoin holdings and opens a Bitcoin-backed credit facility to fund AI infrastructure expansion in Michigan. Hyperscale Data sold approximately 100 BTC and established a Bitcoin-backed credit facility to finance its AI data center in Michigan. The move leverages
Bitcoin's average daily spot trading volume fell to $2.2 billion in July amid broader macroeconomic pressures and rate hike concerns. Bitcoin’s average spot trading volume declined to $2.2 billion in July, marking its lowest level since November 2023. The drop reflects bro
South Korean crypto trading surges amid stock market plunge South Korean crypto exchanges saw a fresh spike in trading activity as the country’s stock market had several days of significant downside. Cryptocurrency trading volumes spiked in South Korea as its stock market
Bank analysts warn delays in U.S. crypto legislation reduce regulatory clarity, dampening institutional adoption and market growth. JPMorgan lowered its crypto market outlook after odds of the Clarity Act passing this year fell to 37%. The legislation, seen as a key cataly
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