TLDR Core Scientific reported $580.7 million in Q1 2025 net profit, more than double Q1 2024’s $210.7 million Revenue fell to $79.5 million from $179.3 million year-over-year, missing analyst estimates Profit largely driven by $621.5 million non-cash mark-to-market warrant adjustments related to stock price decrease Company pivoting from Bitcoin mining toward high-performance compute (HPC) hosting … Read more
Alpen Labs has introduced the bitcoin dollar (BTD), a bitcoin-collateralized stablecoin built on zero-knowledge rollup technology, aiming to provide a censorship-resistant alternative to centralized stablecoins. ZK Rollups Power Alpen’s New Bitcoin-Backed Stablecoin The bitcoin dollar (BTD) will operate as an over-collateralized stablecoin pegged to the U.S. dollar, using bitcoin ( BTC) as its sole backing … Read more
Crypto OG and Echo founder Jordan Fish, a.k.a. Cobie, says that he will take on the role of “performing monkey” in a new series of his influential UpOnly podcast — but only if somebody agrees to shell out almost $20 million for his recently minted NFT. Cobie announced the podcast’s potential return on X in … Read more
Cryptocurrency mining firm Hut 8 increased its hashrate by 79% during the first quarter of the year. According to Hut8’s latest quarterly report released on May 8, the firm saw a net loss of $134.3 million despite revenue of $21.8 million. The firm’s CEO, Asher Genoot, explained that this was a result of large-scale investments. … Read more
Anthony Scaramucci has made a name for himself as a financier, author, and entrepreneur. His estimated net worth is between $90 million and $200 million. He gained prominence through his role in finance and his brief tenure as White House Communications Director. Since starting his career in 1989 at Goldman Sachs, Scaramucci has built impressive … Read more
Coinbase Global has agreed to acquire Deribit, the world’s largest bitcoin and ether options platform, for approximately $2.9 billion in cash and stock. $2.9 Billion Deal: Coinbase Buys Top Bitcoin Options Platform The deal, if finalized, will mark one of the largest acquisitions in cryptocurrency history, significantly expanding Coinbase’s derivatives offerings. Deribit dominates bitcoin options … Read more
Bitcoin (BTC) has long been branded as “digital gold,” a store of value for believers in scarcity, decentralization and self-sovereignty. As institutional interest grows, geopolitics shift, and new layers emerge on Bitcoin’s stack, is it time for the narrative to evolve? In this episode of The Clear Crypto Podcast, hosts Nathan Jeffay and Gareth Jenkinson … Read more
Parenting isn’t rocket science. It’s much harder. With all due respect to rocket scientists, the implications of a failed launch are far less consequential than a failed parenting strategy. Progress is a more attainable goal to strive for, and taking steps that lead to meaningful change is all you can really hope for. Parenting is … Read more
Coinbase, the largest cryptocurrency exchange in the US by trading volume, has agreed to acquire Deribit, one of the world’s biggest crypto derivatives trading platforms. Coinbase Global will acquire Deribit for about $2.9 billion, the exchange announced on May 8. The acquisition will allow Coinbase to expand into the profitable crypto derivatives market and continue … Read more
SwC Poker, the original Bitcoin poker site formerly known as Seals With Clubs, is turning up the heat this May with its very first Speed Week. From May 19th to May 25th, players can look forward to a packed schedule of 54 turbo and hyper-turbo events, all designed to deliver high-speed thrills. With over 430,000 … Read more