Coindesk

AI cloud platform Fluidstack has exercised its option to expand at TeraWulf's (WULF) Lake Mariner data center campus in Western New York.The expansion adds CB-5, a new purpose-built data center building providing an incremental 160 MW of critical IT load, with operations expected to commence in the second half of 2026, according to a Monday morning press release.Alongside, Google (GOOG) is adding $1.4 billion to its backstop supporting the project's debt financing. In return, Google is receiving warrants for 32.5 million shares of WULF. Google's total backstop now totals $3.2 billion and its pro forma equity ownership has risen to 14%.“This expansion underscores the unmatched scale and capabilities of the Lake Mariner campus,” said Paul Prager, CEO of TeraWulf. “By...

This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Bitcoin (BTC) remains susceptible to further downside, having lost over 7% since hitting record highs above $124,000 on Thursday.Bullish momentum fadingThe weekly chart (candlestick format) shows that BTC's ongoing decline follows repeated bull failure to secure a foothold above $122,056, the Fibonacci golden ratio. It also marked the inability to keep gains above the significant long-term resistance trendline that connects the bull market highs of 2017 and 2021.Additionally, the weekly stochastic oscillator has rolled over from the overbought zone above 80, signaling a potential correction ahead.Daily chartOn the daily chart, BTC’s latest candle has broken below the bullish trendline extending from April lows, following Friday’s bearish outside-day...

Bitcoin (BTC) has fallen more than 7% dipping below $115,000, since hitting its all-time high of over $124,000, as traders booked in over $3.5 billion of realized profits across the weekend, according to Glassnode data. Saturday alone saw $3.3 billion in profit taking, the largest single-day figure since mid-July and one of the highest in 2025.For most of this year, profit has been realized almost daily, with only around 10 sessions showing net losses. The trend reflects BTC’s steady climb from $90,000 at the start of 2025.Since hitting a low of $76,000 in April, profit taking has accelerated, especially as the $100,000 milestone triggered renewed selling pressure.This latest downturn follows bitcoin’s all-time high of $124,000 earlier in August. Each correction...

Thailand introduced its Tourist Wallet for foreign-currency-to-baht QR payments, but the crypto conversion feature is suspended pending a regulatory review through mid-August.The Bank of Thailand said the Tourist Wallet is meant to solve a practical problem: Cross-border QR links are only live with eight partner countries including Singapore, Malaysia and, soon, China via UnionPay. Travelers from elsewhere still face friction when paying in Thailand, something the new wallet aims to address.Tourists will be able to top up their wallets with cash at provider counters, foreign debit and credit cards, or overseas bank transfers. Spending caps apply: 500,000 baht ($13,800) a month for merchants with card terminals and 50,000 baht for small shops. Cash withdrawals are prohibited, and accounts can be...

Crypto traders should remain vigilant for an ether (ETH) price drop below $4,200, which could trigger millions in long liquidations and increase market volatility.As of writing, over 56,638 ETH in bullish long positions – valued at $236 million – faced liquidation risk on the decentralized perpetual exchange Hyperliquid in case of an ether price drop to $4,170, according to data from Hyperdash. The data also showed a risk of sizable liquidations at $2,150-$2,160 and $3,940. At press time, ether changed hands at $4,260, down nearly 5% on the day, according to CoinDesk data.Andrew Kang, founder of the crypto venture capital firm Mechanism Capital, stated on X that large long liquidations could potentially drive ether prices down to $3,600." would estimate...