Author: boss

Core Scientific dumps bitcoin for AI data centers

boss

Core Scientific sold $208 million in bitcoin in Q1 2026 to fund its shift to AI data center operations, as colocation revenue surpassed mining for the first time. Summary Core Scientific sold 2,385 BTC for $208.3 million in Q1 to fund capital expenditure tied to its AI pivot. Colocation revenue surged to $77.5 million while mining revenue fell to $30.1 million, making AI its largest business line. The company reported a $347.2 million net loss, driven primarily by $266.5 million in non-cash impairment charges on mining assets. Core Scientific sold…

Bitcoin Faces Massive Long Liquidation Imbalance As $15 Billion Sits Below Price

boss

My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for…

Kalshi Hits $22B Valuation After $1B Raise Amid Prediction Market Surge

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Prediction marketplace Kalshi has reached a $22 billion valuation after closing a $1 billion Series F funding round, underscoring growing venture capital appetite for prediction markets amid surging retail adoption. The new valuation doubles Kalshi’s worth from just five months ago. The funding round was led by Coatue Management, with participation from Andreessen Horowitz, Sequoia Capital, Morgan Stanley and Ark Invest. The raise comes as investors increasingly view prediction markets as one of the fastest-growing segments of digital finance. Andreessen Horowitz’s crypto unit, a16z crypto, recently raised $2.2 billion for…

Samson Mow Says Potential Strategy BTC Sales Are Strategic

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Michael Saylor’s comment this week that Strategy might sell portions of its Bitcoin holdings, is a decision that gives the BTC treasury company Strategy, optionality, according to BTC advocate Samson Mow. “Never selling limits optionality. Public markets are war. In war, you need all available tools at your disposal,” Mow said after company co-founder Saylor’s comment during Strategy’s first-quarter earnings call on Tuesday. That the company might sell some BTC in the future, Mow added: “The more tools Strategy holds, the fewer angles its adversaries have. A company with real…

Crypto Polo Cup returns for its fourth edition in Palm Beach during Consensus Miami week

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Palm Beach, Florida, May 7, 2026 – Hosted by Luna PR, the fourth edition of the Crypto Polo Cup (CPC) will take place on May 9, 2026, at the Santa Clara Polo Club, alongside Consensus Miami. The invite-only event will bring together institutional leaders, founders, and investors across the digital asset and financial sectors. Since its debut in Palm Beach in 2022, Crypto Polo Cup has established itself as a premier gathering the intersections of digital assets, finance, and culture. Now in its fourth year, the 2026 edition will welcome…

If The Bitcoin Price Crosses $400,000, Will The Solana Price Reach $1,500?

boss

A crypto analyst has projected explosive price targets for both the Bitcoin price and the Solana price. According to the forecast, if Bitcoin surpasses $400,000, Solana could be trading around $1,500 at the same time. The basis of this projection rests on the assumption that altcoins could mirror BTC’s explosive rally to reach their respective all-time high targets. The analyst has also urged investors and traders to buy more Bitcoin before this surge, underscoring his strong belief that the cryptocurrency could soon enter a fresh bull market.  Analyst Sees Bitcoin…

Panther Protocol deploys privacy infrastructure on Polygon

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Zug, Switzerland, May 7, 2026 – After years of research, engineering, and community collaboration, Panther Protocol Foundation announced that Panther Protocol is now live on Polygon. The deployment introduces what the team describes as “programmable privacy” for decentralized finance — infrastructure designed to enable confidential on-chain interactions while supporting verifiable compliance when required. The Panther interface is accessible at: https://pantherdao.app. A new phase for privacy in DeFi Panther combines zero-knowledge cryptography, non-custodial architecture, and DAO governance to support privacy-preserving interactions within decentralized environments. Users interact directly with smart contracts while…

Dogecoin Rally Hits Make-Or-Break Zone, Crypto Analyst Warns

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Dogecoin’s rebound from recent lows has carried the memecoin into a dense resistance area, with crypto analyst Kevin of Kev Capital TA warning that the move remains a “counter trend rally” unless Bitcoin confirms a broader market reversal. In a May 6 market update, Kevin said Dogecoin’s recovery has so far played out in line with his prior view that the asset was likely to see a rebound from deeply oversold levels. He noted that he entered a DOGE position around $0.09 and that the trade was up roughly 26.6%…

Kraken Parent Payward Buys Reap Technologies in $600M Deal

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Kraken parent Payward agreed to acquire Hong Kong-based Reap Technologies for up to $600 million, expanding its push into stablecoin payments and business-to-business (B2B) financial infrastructure. Payward has entered into a definitive agreement to acquire Reap for up to $600 million, the company announced Thursday. The deal is set to be paid in a mix of cash and Payward stock, in a transaction that values Payward’s equity at $20 billion. It would expand Payward Services, the company’s B2B infrastructure platform launched in March 2026. The deal comes as crypto companies…

Bitcoin stalls at 200-day average, rekindling fears of a “false breakout”

boss

Bitcoin failed to clear its 200‑day simple moving average near $83,300 and slipped back under $81,000, reviving comparisons with the March 2022 breakout that quickly reversed into a deep selloff. Summary Bitcoin failed to clear its 200‑day simple moving average near $83,300 and slid back below $81,000, triggering comparisons with the failed breakout of March 2022. The CoinDesk Smart Contract Platform Index fell more than 2% in 24 hours, making it the weakest major sector, as broader crypto risk appetite softened. Analysts at Marex and FxPro say the uptrend is…