Crypto News

Two Seas Capital, the third largest shareholder in Core Scientific (CORZ) with a 6.3% stake, has come out against the bitcoin miner’s proposed all-stock acquisition by AI cloud provider CoreWeave (CRWV).In a letter published Thursday, Two Seas said it intends to vote against the deal, which was announced July 7, and plans to rally other shareholders to do the same unless significant changes are made.The opposition centers on the all-stock, uncollared nature of the transaction, which Two Seas argues unfairly favors CoreWeave and fails to reflect Core Scientific’s strategic position in high-performance computing (HPC) infrastructure."The proposed sale materially undervalues the company and unnecessarily exposes its shareholders to substantial economic risk," said Sina Toussi, founder of Two Seas.CORZ is up modestly...

A new executive order would allow Americans to add crypto to their 401(k) accounts.Source link

Bitcoin exchange-traded funds (ETFs) broke their four-day red streak with a $92 million inflow, led by Blackrock and Bitwise, while ether ETFs extended their recovery with a $35 million gain. BTC and ETH ETFs See Gains As Market Finds Its Footing Signs of stabilization crept back into crypto markets on Wednesday, Aug. 6, as bothSource link

The executive order will allow cryptocurrencies and other alternative investments, such as private equity, to be held in U.S. retirement plans. Bitcoin Climbs as Trump Set to Greenlight Crypto in Retirement Plans U.S. President Donald Trump will sign an executive order on Thursday that paves the way for 401(k) retirement plans to hold alternative assetsSource link

Canaan Inc. will release its Q2 2025 financial results on August 14, 2025. The company will host a conference call to discuss the earnings. (Read More)Source link