Live Feed

Bitcoin Miner Core Scientific Investors Nix $9 Billion CoreWeave Merger

Bitcoin miner Core Scientific shareholders have rejected a proposed $9 billion merger with AI computing company CoreWeave. This decision came after a special meeting where shareholders did not secure the necessary votes to approve the all-stock deal. The merger, originally announced in July, aimed to enhance CoreWeave's operations by gaining access to Core Scientific's significant power resources, with a gross capacity of 1.3 gigawatts and potential for an additional 1 gigawatt. CoreWeave's CEO expressed respect for the shareholders' decision, while Core Scientific's stock saw a slight increase following the announcement, contrary to the drop in CoreWeave's stock. Concerns from Core Scientific investors centered around their belief that the merger undervalued the company amid growing operational costs associated with Bitcoin mining.

Source 🔗

U.S. Fed's Miran Says Policy Needs to Adjust to Stablecoin Boom That Could Reach $3T

Federal Reserve Governor Stephen Miran has emphasized that the increasing popularity of stablecoins may necessitate adjustments in U.S. monetary policy. He mentioned that Fed staff estimates indicate a potential growth of stablecoins to between $1 trillion and $3 trillion by the end of the decade. The demand for dollar-tied

U.S. Fed's Miran Says Policy Needs to Adjust to Stablecoin Boom That Could Reach $3T

Federal Reserve Governor Stephen Miran highlighted the significant impact of stablecoins on U.S. monetary policy as their demand grows. Miran, recently appointed by President Trump, stated that Fed projections estimate the uptake of stablecoins could reach between $1 trillion and $3 trillion by the end of the decade. He

U.S. Fed's Miran on Adjusting Policy for Stablecoin Boom

Federal Reserve Governor Stephen Miran raised concerns regarding the potential impact of stablecoins on U.S. monetary policy, predicting their demand could reach between $1 trillion and $3 trillion by the decade's end. Miran emphasized that this surge in demand for dollar-tied assets, particularly among foreign users, poses

Read next