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Michael Burry’s Scion Asset Management is leaning hard against artificial intelligence (AI) highfliers, disclosing hefty put options on Palantir Technologies and Nvidia that together account for roughly 80% of a tightly focused, $44 million portfolio. Wall Street Déjà Vu: Trading Veteran Michael Burry’s Scion Bets Against AI Mania Scion’s latest 13F, released around Nov. 3, … Read more
America’s largest cryptocurrency exchange reported $1.8 billion in net revenue last week, but many people were more interested in the CEO’s impromptu remarks at the end of the earnings call than the company’s financial performance. Why Is Coinbase’s CEO Meddling With Prediction Markets? What started off as lighthearted trolling quickly turned into a full-blown indictment … Read more
The crypto world just took another dark turn. Faruk Fatih Ozer, founder and former CEO of the defunct Turkish cryptocurrency exchange Thodex, has been found dead in his prison cell. According to reports, authorities are investigating the possibility of suicide. The 30-year-old was discovered hanging in his cell at a maximum-security prison in Tekirdağ, northwest … Read more
Binance founder Changpeng Zhao (CZ) is shaking things up again. This time, it’s not about Binance or regulation. It’s personal. CZ revealed that he used his own funds to buy ASTER tokens, saying clearly, he’s not a trader, he’s a holder. Shortly after the tweet, ASTER surged over 20%, climbing to $1.19 according to CoinMarketCap. … Read more
Decentralized finance protocol Balancer has fallen victim to what appears to be one of the largest DeFi exploits of the quarter. According to data from Nansen, approximately $70.9 million worth of assets were initially moved to a fresh wallet, before investigators confirmed total stolen funds have surged to around $116.6 million. Tokens moved in the … Read more
ZKSync just got the biggest nod in crypto, from Vitalik himself. Ethereum’s founder retweeted ZKSync co-founder Alex Gluchowski, calling the project’s work “underrated but valuable.” That single shoutout sent waves through the community, and $ZK holders noticed. Within hours, ZKSync’s native token began climbing, reflecting renewed optimism around one of Ethereum’s most ambitious Layer 2 … Read more
From memecoins to meaningful markets, Pump.fun’s latest evolution aims to redefine crypto fundraising on Solana. Pump.fun, the viral Solana-based token creation platform that took the crypto world by storm, has officially unveiled “Spotlight”, a new initiative designed to support utility token launches and empower founders to raise on-chain capital directly from their communities. The move … Read more
Cipher Mining Inc. has signed a 15-year data center campus lease with Amazon Web Services (AWS) to supply 300 megawatts of capacity for artificial intelligence (AI) workloads, marking one of its largest high-performance computing (HPC) initiatives to date. Cipher Mining’s $5.5B AWS Lease Anchors AI Hosting Expansion Bitcoin miner and HPC provider, Cipher Mining Inc. … Read more
IREN Limited announced it has inked a multi-year GPU cloud services contract with Microsoft, marking a major partnership in the rapidly expanding field of artificial intelligence (AI) infrastructure. Microsoft Taps IREN for Next-Gen GPU Infrastructure As explained in the release, under the five-year agreement, IREN (Nasdaq: IREN) will supply Microsoft with access to Nvidia GB300 … Read more
In Polymarket’s bustling prediction markets, traders are putting serious money behind JD Vance as the frontrunner for the 2028 U.S. presidential race. The Ohio senator commands a 29% chance of victory, supported by $2.15 million in trading volume — comfortably outpacing every other contender on the board. Exactly three years from this week, the 2028 … Read more
