IREN Secures 85% of AI Cloud ARR as Compute Demand Outpaces Capacity

IREN ($IREN) said it has already secured roughly 85% of its targeted year-end ‘AI cloud’ annual recurring revenue (ARR), underscoring how demand for compute continues to outstrip the pace at which new infrastructure can be brought online—a gap that is increasingly shaping competition across the data-center and digital-asset infrastructure ecosystem. The company’s shares closed at […]

Funding stock buybacks by selling your primary reserve asset is a dangerous game, but Lite Strategy just pulled it off without using a dime of debt

Lite Strategy, a Nasdaq-listed company that holds Litecoin as its primary reserve asset, spent about $5.4 million repurchasing roughly 4.9 million shares through July 17. The company funded the purchases with an undisclosed mix of LTC sales and covered-call premiums. The transaction shrank Lite Strategy’s reported Litecoin holdings but appears to have lifted LTC backing […]

XRP Scam Ring Arrested After Stealing $9M From 71 Investors

South Korean police arrested three suspects accused of stealing 12.3 billion won, or about $9 million, from 71 XRP investors. Investigators traced 27.3 billion won through related wallets, indicating that total losses could rise. Fake XRP Platform Vanished After Collecting Investor Funds The Seoul Metropolitan Police Agency announced July 30 that investigators had apprehended three […]

Sam Altman ChatGPT AI Predicts Bitcoin Will Make History by End of 2026

ChatGPT AI predicts a steady climb for Bitcoin, and this price prediction begins with an unusual correction built right in. At roughly $63,500, the model is explicit that this is Bitcoin trading near $63,479 today, not Cardano, before laying out a probability-weighted year-end 2026 target of $95,000, with a credible bull case range of $115,000 […]