Crypto News

CoreWeave, an AI firm in close partnership with bitcoin miner Core Scientific (CORZ), filed for an initial public offering (IPO) today.The company is expected to raise $4 billion, with a valuation of more than $35 billion.Today's filing showed the company had seen $1.9 billion in revenue in 2024, resulting in a net loss of $863 million due to the firm's AI-related investments. The company currently carries an accumulated deficit of $1.5 billion.CoreWeave has enlisted Core Scientific's assistance to build 500 megawatts (MW) of infrastructure for AI-related purposes. The latter company used to be CoreWeave's biggest GPU supplier when the former was still mining ether.The move comes as demand for AI has spiked significantly amid the adoption of the tech from...

A Cronos governance proposal seeks to reissue 70 billion burned CRO tokens. Most voters are currently against the plan.Source link

President Donald Trump’s March 3, 2025, proposal to impose 25% tariffs on imported agricultural goods triggered sharp volatility in cryptocurrency markets, with bitcoin’s price oscillating between $85,101 and $93,695 amid broader financial turbulence. Trump Giveth and Then Taketh Away—All Eyes Are on the U.S. President Trump’s plan, set to take effect April 2, 2025, targetsSource link

The new chief counsel of the U.S. Securities and Exchange Commission’s (SEC) freshly-created Crypto Task Force is a crypto lawyer.Michael Selig, who was named chief counsel of the task force in a Monday announcement from the SEC, was previously a New York-based partner at white-shoe international law firm Willkie Farr & Gallagher, where he was a member of the firm’s crypto practice. Before joining Willkie, Selig interned for the Commodity Futures Trading Commission (CFTC).In a Monday X post, former CFTC Chairman Chris Giancarlo, affectionately known as “CryptoDad” by many in the industry, congratulated Selig on his appointment. Giancarlo is also senior counsel at Wilkie Farr, where he leads the firm’s Digital Works practice.“Proud and excited for my protege, former CFTC...

President Donald Trump's influence is being felt in the crypto markets, with coins falling alongside stocks ahead of tariffs taking effect.Source link