Coindesk

CoreWeave, one of the hottest players in the artificial intelligence (AI) sphere, filed for an initial public offering (IPO) on March 3.The company works closely with bitcoin (BTC) miner Core Scientific (CORZ); the two firms have inked a multi-billion dollar deal for Core Scientific to build hundreds of megawatts of infrastructure for CoreWeave to run its AI services. In fact, CoreWeave is by far Core Scientific’s largest client.Which raises a question: How will CoreWeave’s IPO affect Core Scientific?“CoreWeave’s IPO likely will have a correlating impact on Core Scientific,” Wolfie Zhao, head of research at TheMinerMag, told CoinDesk. “If CoreWeave’s public debut is successful and it sustains strong revenue growth in the coming years, it will reinforce Core Scientific’s position as...

Ethereum is set to discontinue its largest test network, Holesky, after it encountered challenges testing the forthcoming Pectra upgrade.The Ethereum Foundation (EF) said in a blog post on Tuesday that the network — a controlled environment for testing Ethereum infrastructure and upgrades — will begin winding down, with a full shutdown anticipated on Sept. 30. The just-launched Hoodi test network, deployed on Monday, will serve as Holesky's replacement.The deprecation plan comes after Holesky fell offline due to February's faulty test of Ethereum’s upcoming Pectra update. Developers took weeks to recover Holesky, which came back online in March but suffered from residual damage — so-called "inactivity leaks" that clogged up Holesky's entire validator apparatus.“xited validators would take approximately one year to...

XRP jumped 10% on Wednesday during U.S. morning hours as Ripple CEO Brad Garlinghouse said the U.S. Securities and Exchange Commission (SEC) is set to drop its appeal against Ripple, the company closely adjacent to XRP tokens"This is it – the moment we’ve been waiting for. The SEC will drop its appeal," Garlinghosue posted on X. "A resounding victory for Ripple, for crypto, every way you look at it."Reports last week alleged that the long-standing legal battle between Ripple and the U.S. agency is nearing its end. The SEC's lawsuit against the crypto company, which Garlinghouse described as the "first major shots fired in the war on crypto," had resulted in $15 billion in losses for holders of XRP.Source...

Ether (ETH) zoomed nearly 7% in the past 24 hours to lead gains among majors as traders await the results of the Federal Open Market Committee (FOMC) meeting on Wednesday.ETH’s gains were coupled with a 4% gain in memecoin dogecoin (DOGE), which historically tends to act correlated to the asset’s movements. Other Ethereum-based memecoins pepe (PEPE) and mog (MOG), rose more than 5% — continuing to act as levered bets.Elsewhere, majors XRP, BNB Chain’s BNB, Solana’s SOL and Cardano’s ADA rose 3%. Tron’s TRX dipped after a surge 5% earlier in the day as memecoin trading picked up on the blockchain following a no-fee update in the Sunpump platform.Bitcoin (BTC) rose 2% and remained steady under $84,000 in Asian evening...

The Turkish lira (TRY) fell to a record low against the dollar following the surprise arrest of President Recep Tayyip Erdogan's rival and Istanbul mayor Ekrem Imamoglu.The currency slumped a record of nearly 41 per U.S. dollar, a 10% slide on the day. The volatility saw a sharp rise in trading volumes in the bitcoin-lira (BTC/TRY) pair on leading cryptocurrency exchange Binance.Imamoglu's Republican People’s Party (CHP) described the arrest as a coup to replace the will of the people. The party was set to hold a primary election next week, with Imamoglu widely expected to emerge as the presidential candidate.On Binance, the BTC/TRY pair saw 93 BTC change hands between 7:00 UTC and 8:00 UTC, according to data source TradingView. That's the...