Crypto News
Elon Musk’s AI Start-Up and Nvidia Join Microsoft, BlackRock, MGX AI Fund
Two of the biggest forces in artificial intelligence (AI) — Elon Musk’s xAI and Nvidia — have joined BlackRock, Microsoft and investment fund MGX’s group to expand AI infrastructure across the U.S., the companies announced Wednesday.The fund — called the AI Infrastructure Partnership — at its formation in September of last year, said that it plans to launch with more than $30 billion in initial funding. The goal is to build data centers and energy projects which are required to power large-scale AI models.Nvidia will also serve as a technical advisor for the group, which it had announced last year.Must and Nvidia join the effort two months after U.S. President Donald Trump announced the formation of Stargate, a private venture...
Bitcoin Climbs Above $84K as Investors Brace for Fed’s Next Move
With interest rates expected to remain untouched, all eyes are on the Federal Reserve’s economic outlook, which will likely have some impact on the price of BTC. Fed Decision Looms While Bitcoin Trends Upward Bitcoin ( BTC) climbed 3.49% over the past 24 hours, reaching $84,191.67 at the time of reporting, according to Coinmarketcap. DespiteSource link
What’s the Impact of CoreWeave’s IPO on Core Scientific? Analysts Debate
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...
Turkish Lira Hits Record Low Against the Dollar Amid Arrest of Opposition Leader
The Turkish lira has fallen to a record low against the U.S. dollar, trading at 40.96 before recovering slightly to 38.74, following the surprise arrest of Istanbul Mayor Ekrem Imamoglu. The country’s benchmark stock index, the BIST 100, dropped by as much as 7% in response to the news, which has raised concerns about politicalSource link
Ethereum to Sunset ‘Holesky’ Testnet in September
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...