Crypto World
Bitwise Solana ETF Is First to Cross $1 Billion
Bitwise’s Solana staking fund has crossed $1 billion in assets under management, making BSOL the first Solana ETF to reach the threshold, according to Glassnode. The official fund page listed 9,332,360.79 SOL with a market value of $1.018 billion and net assets of $1.0175 billion as of Aug. 26. In… Read the full story at The Defiant
Bitcoin traded above $80,000 on Thursday as Charles Schwab told clients it will widen the list of tokens available in Schwab Crypto accounts, giving Solana, Avalanche and Chainlink access to a retail brokerage that has offered only bitcoin and ether since May. The three named tokens outpaced the… Read the full story at The Defiant
Anthropic is in talks with Nvidia about a potential $10 billion investment in what may be the biggest IPO in history, Reuters reported on Saturday, citing people familiar.
The people said Anthropic is seeking to raise as much as $100 billion in the offering, which could value the AI company at about $2 trillion.
The discussion is ongoing and could change, the people told Reuters, remaining anonymous amid the confidential negotiations.
Nvidia could supply Anthropic with an early strategic backer for the offering and also strengthen ties between the chipmaker and an important customer.
Reuters said that Anthropic declined to comment and that Nvidia had yet to respond to a request for comment.
Related: Nvidia buys Hugging Face for $12.9B in push into AI software
Cointelegraph reported on Aug. 11 that Bitcoin miner Riot Platforms had secured a 20-year agreement to supply 191 megawatts of capacity from its Rockdale, Texas, campus to a “leading frontier AI” company.
The customer was Anthropic and the deal was valued at about $9 billion, Bloomberg reported, citing people familiar with the matter.
Cointelegraph reported earlier this month that Nvidia agreed to acquire Hugging Face for $12.9 billion, extending its reach into the software and tools developers use to build artificial intelligence.
Hugging Face serves more than 18 million developers and hosts over three million models, Nvidia CEO Jensen Huang said.
The acquisition would give Nvidia control of a major platform for AI models as technology companies increasingly compete across chips, software and developer tools.
Ethena said Friday that it plans to add equity-perpetual basis trades to USDe’s backing strategy, extending the synthetic dollar into stock-linked derivatives markets. Etherscan listed USDe’s circulating supply at about 4.063 billion tokens when checked. The announced rollout is still forthcoming…. Read the full story at The Defiant
Crypto World
Solana Validators Approve Doubling Disinflation in First Governance Vote, With Kraken Reversing Late
Solana validators approved a proposal to double the rate at which SOL emissions decline, the first measure to pass through the network's new onchain governance system and the first time validators have agreed to cut issuance. SGP-0002 closed on Friday with 176.29 million SOL for, 66.19 million… Read the full story at The Defiant
Bitcoin fell through $78,000 on Friday afternoon, giving up almost all of a weekly gain that had reached double digits, as investors read Federal Reserve Chair Kevin Warsh's first Jackson Hole address as a signal that the Fed is readier to raise rates than to cut them. The selling ran across risk… Read the full story at The Defiant
Stablecoin issuer Circle has launched native USDC and EURC on Plasma alongside Cross-Chain Transfer Protocol, or CCTP, and Bridge Kit, giving the stablecoin-focused Layer 1 first-party access to Circle-issued dollar and euro tokens and its crosschain transfer stack. Circle published mainnet… Read the full story at The Defiant
Tokenized real-world assets on Stellar passed $3 billion in July while the network's DeFi markets held a fraction of that, according to a report published Wednesday by oracle provider RedStone. Issuance on Stellar is running ahead of the lending markets and collateral pools that would make the… Read the full story at The Defiant
The Sandbox will repay eligible holders of bridged SAND on Base and BNB Chain 1:1 in Ethereum-based SAND after an Aug. 22 exploit drained 14,742,341.84 SAND from its Ethereum vault, the project said in an Aug. 27 post-mortem. The plan covers legitimately bridged balances recorded in a pre-incident… Read the full story at The Defiant
Bullish is providing USD.AI with a $100 million stablecoin debt facility to finance loans backed by GPUs and other AI computing infrastructure, the companies announced Friday. The commitment adds a new pool of capital for lending to AI infrastructure operators. The facility is large against… Read the full story at The Defiant
Avici said an attacker took $500,859.22 from the card balances of 1,685 users on Friday, and that every affected user will be refunded in full. The flaw was in a contract belonging to Rain, the card issuer behind Avici's Visa product, rather than in Avici's own code. Rain said its monitoring… Read the full story at The Defiant
Alleged Suspect Arrested In Case
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Bitcoin Clears $80,000 As Schwab Adds Solana
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