CoreWeave’s financing highlights Wall Street’s shift away from volatile, hardware-backed crypto lending toward cash-flow-driven AI infrastructure, according to TheEnergyMag. CoreWeave’s recent $8.5 billion AI-backed loan highlights a major transition in how Wall Street finances digital infrastructure, marking a shift from “MinerFi” to “ComputeFi,” according to TheEnergyMag. In its latest Miner Weekly newsletter, TheEnergyMag examined CoreWeave’s multibillion-dollar raise from a group of banks and investors, backed by Mark Zuckerberg’s Meta Platforms. As Bloomberg reported, the financing underscores how companies are finding new ways to fund data center construction and expand GPU capacity. Although CoreWeave has pivoted away from the digital asset sector toward AI-focused data center compute, the move offers a broader lesson on the shortcomings of Bitcoin (BTC) mining finance. Read more
With market pricing data currently monopolized by a few players, Pyth seeks to democratize access with a pay-on-demand model beginning with seven big-name providers. Pyth Network, a blockchain data oracle provider, is launching a platform for financial institutions to publish and monetize their market data across blockchain networks. The Pyth Data Marketplace will initially support datasets for spot foreign currency exchange markets (FX), precious metals and crude oil swaps, while allowing publishers to retain “full control” over the data they share, according to Thursday’s announcement. Seven new institutional data providers will publish price feeds on the marketplace at launch, the announcement said. Read more
Bitcoin whales sold $270 million in BTC on Sunday, but the steady absorption of supply by traders should help bulls maintain their hold on the market momentum. Data shows Bitcoin (BTC) investors who had held their positions for over seven years took profit last week by selling $271 million in BTC. A similar wave of “OG whale” selling in January coincided with a more fragile market that lacked buyer demand, triggering a sharp dip in the BTC price. Current onchain data reflects a much stronger market where BTC supply absorption and reduced selling may allow Bitcoin to hold its place in the $70,000-$72,000 range. Data from Capriole Investments shows that the Bitcoin “OG whale spent value” moved roughly $271 million on Sunday. That marks the largest surge in activity for this cohort since Jan. 10, when a $280 million outflow spike preceded a 13% correction to $78,700 from $90,000 within two weeks. Read more
Transactions on the Open Network layer-1 blockchain protocol previously took about 10 seconds to settle before the Catchain 2.0 consensus upgrade. The Open Network (TON), an independent layer-1 blockchain that has integrations with the Telegram messaging application, said it has slashed block times to 400 milliseconds with the release of its Catchain 2.0 consensus upgrade. Payment transactions now settle in about 1 second, while trades settle in “real time,” and decentralized applications will now operate at speeds comparable to traditional apps, according to TON’s announcement on Thursday. Faster block times produce more validator rewards, as the number of blocks added to the chain increases. TON’s annual inflation is projected to increase six-fold, to 3.6% from about 0.6% following the update, TON said. Inflation represents the continuing minting and burning of Toncoin within its ecosystem. Read more
Onchain and technical data hint that $1,800 may have been the macro price bottom for Ether. Is there sufficient bullish momentum for a rally to $3,000? Ether’s (ETH) recent sell-off was stopped at $1,800, as bulls aggressively defended the level. Ether’s rebound above $2,100, along with on-chain and technical data, suggests that traders will hold the price above $2,000 for the short-term. Key takeaways: Ether’s profitability metrics drop to levels that have historically marked local bottoms. Read more