
Hut 8 Signs $9.8B AI Data Center Deal, Stock Hits ATH
Bitcoin miner Hut 8 signed a $9.8B, 15-year AI data center lease in Texas. Shares surged 33% to ATH $109.88 despite a $253M Q1 net loss.

Bitcoin miner Hut 8 signed a $9.8B, 15-year AI data center lease in Texas. Shares surged 33% to ATH $109.88 despite a $253M Q1 net loss.

Bitwise CIO Matt Hougan says stablecoins need Apple, Google and Stripe to grow beyond $4 trillion. Explains the corporate payment case and GENIUS Act impact.

JPMorgan and Mastercard completed the first cross-border tokenized US Treasury settlement on XRP Ledger with Ondo Finance and Ripple, using Kinexys.

Morgan Stanley rolled out a crypto trading pilot on E*Trade at 50 bps per trade, below Coinbase, Robinhood and Schwab. 8.6M clients get access in 2026.

CME Group launches Bitcoin volatility futures on June 1, 2026. The BVX product lets traders hedge against swing intensity without betting on price direction.

a16z Crypto raised $2.2B for its fifth fund, focusing on stablecoins, perpetual futures, prediction markets, and tokenized assets.

Coinbase announced the elimination of 14% of its workforce on May 5, about 700 jobs. CEO Brian Armstrong cited a market downturn and AI adoption.

Haun Ventures closes $1B fund for crypto infrastructure, tokenization, and AI agents. BCG forecasts AI agent payments growing to $2.4T annually by 2029.

DTCC announced a July 2026 pilot and October full launch for tokenized securities. Over 50 firms including BlackRock, Circle and NYSE Group are on board.