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Crypto World

Ledn Launches Tether Gold-Backed Loans With XAUt Collateral

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Ledn Launches Tether Gold-Backed Loans With XAUt Collateral

Bitcoin lending platform Ledn has expanded its services to include Tether Gold (XAUt), allowing investors to hold the tokenized asset and borrow against it in much the same way they can borrow against Bitcoin.

Ledn announced Thursday that clients can use XAUt as collateral for loans instead of selling their holdings for cash. Under the company’s existing lending model, client collateral is held one-to-one and is not rehypothecated, lent out or used to generate yield.

Loans are issued and repaid in Tether’s USDT or USAt stablecoins and can be repaid at any time without scheduled monthly payments. Tether launched USAt in the United States in January as a stablecoin designed to comply with the GENIUS Act.

The launch expands the range of digital assets that can be used as loan collateral, giving investors another way to access liquidity without triggering a taxable sale. While Bitcoin-backed lending has become a common feature of the crypto market, the addition of tokenized gold reflects growing efforts to bring real-world assets into digital asset financial services as gold prices hover near record highs.

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The new products are rolling out across most jurisdictions where Ledn operates but are not currently available in Canada or the European Union.

The market capitalization of Tether Gold peaked at around $2.89 billion. Source: CoinMarketCap

Related: Tether makes $150M investment in Gold.com in latest gold play

Tokenized commodities gain traction in RWA market

The announcement comes as commodities play an increasingly prominent role in the tokenization market. According to a recent Token Terminal report, tokenized financial assets have surpassed $43 billion, with commodities accounting for nearly 17% of the market.

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Unlike commodity derivatives and futures, tokenized assets such as gold are backed by the underlying asset, giving holders direct ownership while enabling faster transfers and trading on blockchain networks.

Commodities account for a bigger share of the tokenization market.
Source: Token Terminal

Tether Gold benefited from this year’s rally in bullion prices, with the token’s market capitalization expanding as gold climbed to record highs above $5,600 per troy ounce. The precious metal has since pulled back to around $4,300 an ounce but remains up on the year.

Related: Crypto Biz: SpaceX fuels tokenization’s next boom

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Foundation loses another key leader as Hsiao-Wei Wang resigns

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Why cautious TradFi firms love staked ether

The Ethereum Foundation’s (EF) co-executive director Hsiao-Wei Wang shared that she has stepped down from her role leading the organization effective immediately, in a post shared on X on Thursday.

Wang reached the decision after a recent sabbatical, which gave her time to reflect on her priorities and future plans. “I’ve come to feel that this is the right moment for me to step back,” she wrote.

Her departure follows the resignation of fellow co-executive director Tomasz Stańczak, who announced earlier this year that he would leave the role after helping steer a leadership transition at the Switzerland-based nonprofit that supports Ethereum’s ecosystem development.

During Wang’s sabbatical, Ethereum Foundation board member Bastian Aue helped oversee the leadership transition and has taken on a larger role in guiding the organization in the interim following the departures of both co-executive directors.

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Wang’s exit adds to a period of upheaval at the Ethereum Foundation. At least eight senior figures have departed the organization over the past five months, fueling community scrutiny of the EF’s priorities, governance, and strategic direction, as Ethereum faces mounting competition from rival blockchains.

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BTCC Exchange Eliminates Fees Across Every Layer of Crypto Trading in Landmark Zero-Barrier Initiative

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[PRESS RELEASE – Lodz, Poland, June 18th, 2026]

BTCC, the world’s longest-serving cryptocurrency trading platform, today announced a series of zero-fee campaigns spanning deposits, spot trading, and TradFi futures. The launch represents a deliberate strategic effort to lower the barriers to entry that have historically kept retail traders on the sidelines, and to ensure that cost is never the reason a trader hesitates to participate.

The Zero-Barrier initiative targets both first-time users and seasoned traders, making it easier and more affordable than ever to move money, trade trending assets, and capture market movements on a single platform.

Zero Cost to Fund Your Account

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Recognizing that every trade begins with a deposit, BTCC is ensuring that the first step costs nothing for new users looking to fund their accounts for the first time.

Users in specific regions can now deposit via Visa or Mastercard with no fees attached. Funds arrive within five minutes and no prior campaign registration is required, meaning traders can move from sign-up to making their first trades almost instantly.

For users in other regions, 0% Interac e-Transfer deposit fees are available on their first fiat deposit. By eliminating entry-level friction at the funding stage, BTCC is making it significantly easier for new users to take their first step into crypto trading without any cost.

Zero Cost From Spot to Meme Coins & TradFi Futures

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Once users fund their accounts, the Zero-Barrier initiative continues. BTCC is offering a 100% spot trading fee rebate on five of the most actively traded crypto assets: BTC, ETH, XRP, SOL, and DOGE. Users who accumulate at least 50 USDT in spot trading volume during the campaign will receive a full rebate on fees of up to 2,000 USDT, allowing traders to trade major cryptos without watching fees erode their returns.

Beyond spot, the zero-fee offering extends into futures. BTCC is rolling out a permanent 0-fee promotion on selected coins, with the first phase covering DOGE, PEPE, SHIBA, and 20+ popular meme coins. As this asset class matures and attracts a growing base of active traders, removing fees from these pairs reflects BTCC’s commitment to meeting users where market interest is strongest. Eligible pairs can be accessed on the futures trading page by selecting the “0 Fee” filter.

For traders with an eye on traditional financial markets, BTCC’s TradFi 0-Fee campaign goes even further. Launched June 1, 2026, it covers all opening and closing positions across four major market categories:

  • Precious and industrial metals: Gold, Silver, Platinum, Palladium, and Aluminum
  • Energy commodities: Brent Crude Oil, WTI Crude Oil, and Natural Gas
  • Global indices: S&P 500, Nasdaq 100, Dow Jones, FTSE 100, DAX, and Nikkei 225
  • Forex and US stocks: Major currency pairs plus companies like Apple, Tesla, NVIDIA, Microsoft, and Amazon

Putting Users First

The Zero-Barrier initiative is a statement about where BTCC’s priorities lie. In an industry where fee structures have long favoured the platform over the trader, BTCC is taking a different position: that sustainable growth comes from empowering users. By removing fees at the deposit stage and across spot and futures trading, BTCC ensures users keep more of what they earn, from the first deposit to their spot and futures trades.

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For information about the 0-fee campaigns, uses can visit the following official pages:

About BTCC

Founded in 2011, BTCC is a leading global cryptocurrency exchange serving over 11 million users across 100+ countries. As the official regional sponsor of the Argentine Football Association (AFA) and with NBA All-Star Jaren Jackson Jr. as its global brand ambassador, BTCC offers secure and accessible cryptocurrency trading services, focused on delivering a user-friendly experience while adhering to applicable regulatory standards.

Official website: https://www.btcc.com/en-US

X: https://x.com/BTCCexchange

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The post BTCC Exchange Eliminates Fees Across Every Layer of Crypto Trading in Landmark Zero-Barrier Initiative appeared first on CryptoPotato.

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Bitcoin price stays below $64k as hawkish fed and ETF outflows weigh on sentiment

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Bitcoin slips to $75k as Fed holds rates, crypto stocks tumble
Bitcoin drops towards $62,000

Key takeaways

  • Bitcoin remains vulnerable as hawkish Federal Reserve guidance, rising Treasury yields, and inconsistent ETF demand continue to dampen investor sentiment.
  • With BTC trading below key moving averages and lacking strong buying momentum, the near-term bias remains bearish. 

Bitcoin (BTC) remained under pressure on Thursday, trading below the $64,000 level as investors reacted to a hawkish message from the U.S. Federal Reserve and mixed institutional demand signals.

The leading cryptocurrency continues to struggle for momentum, with risk appetite fading across financial markets after the Fed signaled a tougher policy outlook despite leaving interest rates unchanged.

Federal Reserve maintains rates but adopts hawkish tone

The U.S. Federal Reserve left its benchmark interest rate unchanged at 3.50% to 3.75% during its latest policy meeting, the first chaired by Kevin Warsh.

While the decision itself was widely expected, markets were focused on the Fed’s forward guidance and updated economic projections.

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The central bank removed language suggesting a bias toward further monetary easing and instead signaled support for maintaining higher rates for longer. Policymakers now project the federal funds rate to end the year at 3.8%, up from the 3.4% forecast issued in March.

The revised outlook prompted traders to increase expectations for tighter monetary policy, with markets now pricing in nearly an 85% probability of a rate hike in December.

As a result, U.S. Treasury yields and the U.S. dollar moved higher, reducing demand for risk-sensitive assets such as cryptocurrencies.

Institutional demand for Bitcoin remains mixed, offering little support for a sustained recovery.

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According to CoinGlass data, spot Bitcoin exchange-traded funds (ETFs) recorded a net outflow of $82.20 million on Wednesday, following:

The inconsistent flow pattern, coupled with a slight bearish bias, suggests institutional investors remain cautious amid macroeconomic uncertainty.

Should ETF outflows continue or accelerate in the coming sessions, Bitcoin could face additional downside pressure.

Bitcoin price outlook: Relief bounce shows signs of weakness

Recent price action indicates that Bitcoin’s rebound from oversold conditions may have been driven more by seller exhaustion than by renewed buying demand.

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Bitcoin continues to trade within a bearish short-term structure and remains below several key moving averages.

BTC is currently trading below the 50-day EMA at $70,042, the 100-day EMA at $72,839, and the 200-day EMA at $78,174.

The failure to reclaim these levels reinforces the broader downtrend and highlights persistent overhead selling pressure.

Additionally, the previously broken uptrend support near $73,833 has now turned into a major resistance zone.

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Technical indicators continue to favor caution. The Relative Strength Index (RSI) on the 4-hour chart remains below 50, indicating ongoing bearish momentum without yet reaching deeply oversold conditions.

The Moving Average Convergence Divergence (MACD) histogram remains slightly positive, suggesting that recent rebounds may be corrective moves within a broader bearish trend rather than the beginning of a sustained recovery.

BTC/USD 4H Chart

If Bitcoin attempts a rebound, traders will likely focus on several major resistance zones. The first major resistance at $64,004 could pave the way for higher hurdles at $70,042 – 50-day EMA

A move above these levels would be required to significantly improve the technical outlook.

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Why bitcoin investors should trade the cycle, not dollar-cost average

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Bitcoin buy and hold chart

The win rate of a cycle-aware approach is lower than buy-and-hold, winning not by being right more often, but by avoiding the months when bitcoin loses 20%, 30%, or 40%. Those months cluster, and stepping aside during them is not timing the market; it is about reading the cyclical structure of the asset.

We have made three public, timestamped market calls since 2022: the October 2022 cycle bottom, the July 2023 projection of a $125,000 target and the October 2025 bear signal, each grounded in the same signal framework. The methodology is not infallible. But it is systematic, auditable and structurally better suited to bitcoin’s cyclical nature than the passive approach most advisors currently deploy.

Bitcoin rewards those who understand its cycle. Advisors who treat it like any other asset are leaving risk-adjusted returns on the table and exposing clients to drawdowns that, in practice, end portfolios rather than weather them.

Bitcoin buy and hold chart

Markus Thielen, CEO, 10x Research


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For years, investors assumed that if a blockchain ecosystem grew, its native token would naturally appreciate. Increasingly, I’m not convinced that’s always true. Technology can become indispensable while value accrues elsewhere to sequencers, applications, stablecoin issuers or liquidity layers.

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Strategy director dumps $9M in shares as STRC rout hits MSTR stock

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Strategy director Jarrod Patten sells MSTR shares as Strategy faces pressure from falling STRC prices and dividend funding concerns.

A Strategy director has sold nearly $9 million worth of company shares over the past three months as pressure on the firm’s preferred stock offerings and concerns over future dividend funding continue to weigh on MSTR.

Summary

  • Strategy director Jarrod Patten has sold nearly $9 million worth of MSTR shares over the past three months.
  • QCP estimates Strategy has about 7.5 months of liquidity to support preferred stock dividend payments.
  • Bernstein maintained its $450 MSTR price target despite the stock falling roughly 31% over the past month.

According to a recent filing with the U.S. Securities and Exchange Commission, Strategy director Jarrod Patten exercised options to acquire 1,500 Class A shares at a strike price of $18.236 and immediately sold them on the open market at roughly $134 per share, generating a profit of around $200K.

The transaction adds to a steady pattern of insider selling. SEC filings show Patten has disposed of 55,750 MSTR shares during the last three months, with total proceeds approaching $9 million. His latest sale comes as Strategy stock remains under pressure following a sharp decline in both Bitcoin and the company’s preferred securities.

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Following the transaction, Patten still holds 28,406 Class A shares, positions across several Series A perpetual preferred stock offerings, and 44,250 unexercised director stock options.

Dividend concerns have moved into focus

Attention has increasingly shifted toward Strategy’s ability to support dividend obligations tied to its preferred stock products.

According to market maker QCP, Strategy’s current liquidity position can fund dividend payments for roughly seven and a half months. 

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As crypto.news reported, QCP said the company could eventually face a decision between raising additional capital, diluting shareholders further, or selling Bitcoin if alternative funding sources become less attractive.

The concern emerged shortly after Strategy completed several balance-sheet transactions. QCP noted that the company repurchased nearly $1.5 billion of convertible notes due in 2029 while raising approximately $200 million through MSTR stock sales. Part of those proceeds was later used to acquire another $100 million worth of Bitcoin.

Investor attention has also centered on Strategy’s preferred securities. STRC, the company’s Stretch preferred stock, recently fell to a record low of $89, leaving it about 11% below its intended $100 value and increasing scrutiny of the firm’s capital structure.

Earlier this month, Strategy disclosed the sale of 32 BTC valued at approximately $2.5 million to fund STRC dividend payments. The transaction marked the first known Bitcoin sale by the company after years of maintaining a strict accumulation strategy.

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Analyst targets remain unchanged despite weakness

Selling activity by company insiders has continued throughout 2026. Earlier filings showed Chief Executive Officer Phong Le, Chief Financial Officer Andrew Kang, and former Executive Vice President Wei-Ming Shao collectively sold millions of dollars’ worth of MSTR shares in March. Kang and Patten reduced their holdings as the stock weakened despite record highs in major U.S. equity indexes.

MSTR closed 5.09% lower at $116.56 on Wednesday as risk assets weakened after the Federal Reserve kept interest rates unchanged at 3.50% to 3.75% while signaling potential tightening risks for 2026. The stock extended its decline on Thursday, falling another 2.1% to $114.04. With those losses, MSTR is now down roughly 31% over the past month.

Strategy director Jarrod Patten sells MSTR shares as Strategy faces pressure from falling STRC prices and dividend funding concerns.
Source: Yahoo Finance

Meanwhile, Bitcoin traded near $63,850 at press time after dropping nearly 2% in the past 24 hours.

Despite the recent decline, analysts at TD Cowen, Citigroup, Bernstein, and BTIG have maintained their existing bullish ratings on MSTR shares. Bernstein analysts reiterated a buy rating and kept a 12-month price target of $450, while TD Cowen targets $350, Citigroup holds at $260, and BTIG maintains a target of $250.

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Elon Musk Grok AI Predicts Explosive Bitcoin Price by The End of 2026

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Elon Musk Grok AI Predicts Explosive Bitcoin Price by The End of 2026

There is a specific phrase in this prediction worth sitting with for a second, classic post-halving correction phase. Elon Musk’s Grok AI is not predicts the current chart as weakness or trend failure.

It is describing it as a known stage in a known cycle, one that has historically resolved into the most explosive part of the entire bull market. At $64,000, that framing is the difference between fear and patience, and Grok is firmly on the side of patience.

The base case is $150,000 to $200,000 by December 2026, with a strong bull scenario stretching past $250,000 if ETF inflows accelerate and macro conditions turn decisively risk-on.

Source: Grok AI Bitcoin Price Prediction

That is a 2.3x to over 3.9x move from here, built on the same drivers that have shown up across nearly every major prediction in this series.

Surging institutional adoption through spot ETFs, growing sovereign and corporate treasury accumulation, improving global liquidity from potential rate cuts, and the hardest variable of all, a fixed 21 million coin supply that gets more scarce by the day.

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What makes Grok’s case distinct is the historical anchor. Cycle patterns point to the parabolic peak landing 12 to 18 months after the April 2024 halving, which places the ignition point squarely in Q3 to Q4 2026, right where the prediction sets its target window.

The bear case is treated as a detour rather than a derailment. Extended macro headwinds or delayed liquidity could drag prices toward $45,000 to $55,000 support before rebounding, potentially capping the cycle top at $100,000 to $120,000 instead of six figures beyond that.

Bitcoin (BTC)
24h7d30d1yAll time

Even Grok’s pessimistic scenario keeps Bitcoin meaningfully higher than today, which tells you how asymmetric this setup looks from where price currently sits.

Bitcoin Price Prediction: The Floor That Keeps Refusing To Break

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BTC is at $64,042 today, sitting almost exactly where it traded back in February after the post-ATH selloff first hit. That repetition matters.

This is now the third distinct test of the $60,000 to $64,000 zone since the all-time high near $128,000 last October, and each prior test produced a recovery rather than a breakdown.

Markets that keep finding buyers at the same level over many months are telling you something about where real demand sits, and this zone has earned that credibility through repetition rather than a single bounce.

The overhead picture is where the real test lives. Every recovery attempt since the October peak has stalled somewhere between $80,000 and $96,000, a wide band of resistance built from trapped buyers at multiple failed breakouts.

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For Grok’s six figure thesis to gain real traction on the chart, Bitcoin needs to clear that entire zone decisively rather than just poke through it temporarily, the way it did briefly in October before reversing hard.

The RSI sits at 37.63 with the signal line at 31.33, a gap of just over 6 points, modest compared to some of the sharper divergences seen elsewhere in this series but still meaningfully positive.

Momentum dipped into the high 20s during the June low and has since climbed back above its average without yet reaching neutral, which is consistent with a market still digesting the correction phase Grok describes rather than one already accelerating into a new leg.

That is actually the more honest signal here. The chart is not yet shouting bull market. It is quietly suggesting the bleeding from this correction has slowed, which is precisely the stage that should come before the launch Grok is calling for in the back half of the year.

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Discover: The Best Token Presales

You Might Like What Grok AI Predicts About LiquidChain

The rotation is happening now. Most people will only spot it in hindsight.

Large-cap crypto isn’t failing. It’s capped. Bitcoin, Ethereum, and XRP have pressed against the same resistance bands for weeks, and the macro tailwinds keep getting pushed back a quarter. Holding assets whose upside depends on someone else’s catalyst isn’t a strategy. It’s waiting.

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Capital that has survived enough cycles moves before the destination becomes obvious, not after.

Early-stage infrastructure runs on different math. A market cap small enough turns a modest rotation into a sharp price move. The asymmetry exists because the market hasn’t priced in what’s being built yet, and the gap between current valuation and actual worth is where the return comes from.

Multi-chain fragmentation drains real money out of DeFi every day. Bitcoin, Ethereum, and Solana operate as isolated liquidity systems with no native connection between them. Anyone moving value across ecosystems pays for that isolation directly, in fees, slippage, and failed transactions.

LiquidChain folds all three networks into a single execution layer. One deployment reaches the full ecosystem. No tax on crossing between chains.

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The market hasn’t found this yet. That’s the point.

The presale sits at $0.01454, with just over $840,000 raised. Ground floor isn’t marketing language here; it’s a literal description of where the project sits in its lifecycle.

Execution is unproven. Adoption is unknown. Those risks are real and worth stating plainly. Established assets offer a smoother climb toward a ceiling the market can already see. This is an earlier seat at a table nobody has built yet.

Explore the LiquidChain Presale

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Anthropic and Sarvam AI Share Something Beyond Their Focus on AI

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Anthropic and Sarvam AI Share Something Beyond Their Focus on AI

Anthropic and India’s Sarvam AI build rival artificial intelligence (AI) systems on different continents. Yet the two labs are quietly tied together, and the connection has nothing to do with their technology.

The link sits inside their cap tables. The same global investors that fund the maker of Claude have also placed money into India’s most prominent AI startup.

Lightspeed Anchors Both Companies

Lightspeed Venture Partners led Anthropic’s $3.5 billion Series E round in March 2025. The financing valued the Claude maker at $61.5 billion.

Indian corporate filings tell a parallel story. Lightspeed entities hold equity shares, preference shares, and convertible debentures in Axonwise Private Limited.

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Sarvam AI Equity Shareholder List Showing Lightspeed Venture.Source: Official Filings

Axonwise is the legal entity behind Sarvam AI, which recently raised $234 million at a $1.5 billion valuation. Vivek Raghavan and Pratyush Kumar founded the company in 2023. Therefore, the same firm anchors a frontier US lab and an Indian challenger at once.

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General Catalyst’s Indian Backdoor

General Catalyst’s link to Sarvam runs through an acquisition. In 2024, the firm linked up with Venture Highway, an India-focused seed investor.

Venture Highway Fund III holds Series A convertible debentures in Sarvam. General Catalyst also backs Anthropic and Mistral AI in France. That places it across three of the most-watched AI labs.

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Besides Anthropic, the same filings tie Sarvam to OpenAI as well. Khosla Ventures holds Sarvam equity and Series A preference shares. The firm was OpenAI’s first venture capital investor.

The shared backers do not make the AI firms partners. However, they show how concentrated AI funding has become. The same names increasingly decide which labs scale, from San Francisco to Bengaluru.

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Ripple (XRP) News Today: June 18

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Ripple continues to strengthen its ecosystem by inking strategic deals, participating in major investments, and announcing important news.

Despite these positive developments and the solid institutional interest, XRP has dumped hard over the past several months and currently trades nearly 70% below its all-time high registered last summer.

All the Latest Stuff

Earlier this week, Gate.io (one of the leading cryptocurrency exchanges) added the XRP/RLUSD trading pair on its platform, thus embracing both of Ripple’s assets. The company’s native token is available on almost all major trading venues, while the stablecoin has also been on a tear lately.

Not long ago, Mastercard expanded its infrastructure to allow merchants and partners to settle transactions in various cryptocurrencies, including RLUSD. Other well-known entities that have enabled users’ access to the financial product include OKX, Binance, Kraken, and more.

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Ripple also made a strategic investment in Flutterwave (a leading payments company in Africa), with the deal aiming to integrate RLUSD into the organization’s infrastructure.

The upgrade of the XRP Ledger has drawn attention, too. According to the X account BSCN, the underlying technology powering XRP will be improved to mitigate quantum computing risks and support the emerging AI economy.

“The plan includes hybrid signature technology that can switch to stronger protections if needed. The initiative has been in development since 2024. Executives say the goal is to attract major financial institutions to the network,” the post reads.

Hollywood and Ripple

The company’s annual conference, Ripple Swell, which gathers leaders from traditional finance, the crypto world, and XRP enthusiasts, will take place in New York at the end of October.

This year, the event will be attended by one of Hollywood’s most popular actors, Matt Damon. The Oscar winner, who is a co-founder of Water.org, will tell participants how his organization is leveraging Ripple’s payment system and RLUSD to accelerate money movement and drive real-world impact across Asia, Africa, and Latin America.

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The ETF Front

Institutional interest in XRP remains strong, with inflows into spot XRP ETFs continuing to surpass outflows. This indicates that pension funds, hedge funds, and other conservative investors keep increasing their exposure to the asset, thereby laying the groundwork for a potential price surge.

Spot XRP ETFs
Spot XRP ETFs, Source: SoSoValue

It is worth noting that spot BTC and ETH exchange-traded funds don’t enjoy the same investor interest and have been heavily bleeding in recent months.

XRP Price Outlook

Even with this progress, XRP has fallen by about 15% over the past month, mirroring the broader crypto market’s bearish trend. It currently trades at around $1.16, and some analysts believe a further decline could be on the way.

X user Sjuul | AltCryptoGems claimed that XRP is “again in trouble,” adding that if bulls don’t save the next support at $1, “things might get even more ugly.”

On the other hand, the whales’ activity suggests a rebound might come next. As CryptoPotato reported, wallets holding at least 1 million XRP have acquired more than 1.5 billion XRP in the last six months, indicating strong conviction and perhaps preparing for the next bull run.

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Iren (IREN) Stock Surges on Jefferies Buy Rating: AI Infrastructure Play Gains Momentum

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IREN Stock Card

TLDR

  • Jefferies launched coverage of Iren (IREN) with a Buy recommendation and $79 price objective; shares were hovering near $58.11.
  • The stock rallied approximately 5% during premarket hours Thursday after the bullish analyst report.
  • Analysts emphasized IREN’s approximately 6 gigawatt land portfolio and fully integrated GPU cloud infrastructure.
  • The firm has secured a five-year, $9.7 billion agreement with Microsoft and a $3.4 billion Nvidia AI cloud partnership, aiming for $3.1 billion in yearly recurring revenue.
  • Revenue at IREN surged 105% in the trailing twelve-month period as the business shifted from cryptocurrency mining operations to AI infrastructure services.

Shares of Iren (IREN) gained approximately 5% during Thursday’s premarket session following Jefferies’ initiation of coverage featuring a Buy recommendation and a price objective of $79. Trading around $58.11 when the coverage began, the target represents potential upside of roughly 36%.


IREN Stock Card
IREN Limited, IREN

Jefferies analyst Jonathan Petersen spearheaded the coverage launch, emphasizing IREN’s standing as a fully integrated AI cloud infrastructure company backed by an extensive powered land portfolio spanning approximately 6 gigawatts.

The investment firm underscored IREN’s strategic partnerships with Microsoft and Nvidia as fundamental pillars supporting the bullish thesis. Combined, these agreements are projected to generate $3.1 billion in recurring annual revenue.

The Microsoft partnership encompasses a five-year arrangement valued at $9.7 billion for Nvidia GB300 GPU infrastructure, centered at IREN’s 200 MW Childress location. The deal structure features a $1.9 billion advance payment alongside $3.65 billion in GPU financing carrying approximately 6% interest.

According to Jefferies, this framework enables IREN to recover its $8.8 billion capital outlay during the contract period, delivering unlevered internal rates of return above 20%.

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Additionally, IREN maintains a distinct $3.4 billion AI cloud partnership with Nvidia. Jefferies noted these strategic relationships position IREN alongside industry players like CoreWeave (CRWV) and Nebius (NBIS) in the competitive landscape.

Transformation From Cryptocurrency Mining to AI Cloud Services

IREN originally operated predominantly as a Bitcoin mining operation. The organization has successfully transitioned into a vertically integrated AI cloud infrastructure provider, a transformation Jefferies characterized as a “compelling strategic pivot.”

Revenue climbed 105% during the trailing twelve months, demonstrating the velocity of this operational shift.

Controlling its own real estate and data center facilities provides IREN with operational agility to accommodate diverse customer requirements — ranging from powered shell environments to comprehensive GPU cloud implementations, according to Jefferies.

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Geographic Growth Into European and Australian Markets

Beyond its current operations in the United States, IREN recently finalized the purchase of Ingenostrum, S.L., operating as Nostrum Group, a Spanish AI data center developer. This transaction delivers approximately 490 megawatts of secured, grid-connected capacity and represents IREN’s inaugural expansion into Europe.

IREN has also executed a transmission connection agreement for a projected 800 MW data center facility in Bundey, South Australia — anticipated to rank among the largest data center installations across the Asia-Pacific geography.

After the Australian development announcement, B. Riley elevated its price target on IREN to $96 while maintaining a Buy rating. Macquarie reaffirmed an Outperform stance with a $90 price objective.

Needham has adopted a more conservative perspective, reducing its financial estimates for IREN based on expectations of a slower AI cloud revenue acceleration extending through calendar year 2026 and diminished forecasts for Bitcoin-related contributions.

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The stock has delivered approximately 493% returns over the preceding twelve-month period.

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Trump Says ‘You’re Welcome’ as Oil Is Flowing and Prices Are Dumping

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US President Donald Trump took it to his social media platform Truth Social to declare that oil has begun flowing, jobs are at record levels, and prices in the US are dropping, which will increase affordability.

While there are some controversies about the last few statements, oil prices are indeed dropping now, with USOIL dipping below $73 per barrel.

USOIL. Source: TradingView
USOIL. Source: TradingView

Today’s decline to $73 and just under it means that USOIL has dropped by roughly 40% since the peak after the war broke out at almost $120 per barrel. However, its price is yet to reach the lows before the US and Israel started the war against Iran.

Trump also said Iran “can never have a nuclear weapon,” which will make the world safer, as part of the Iran-US deal that is reportedly agreed to, but it’s still not signed.

The POTUS also bragged that the “stock markets are roaring, jobs are at records, and prices are dropping (affordability). He explained that the US is “strong, safe, and respected like never before.” He ended his statement with, “YOU’RE WELCOME!”

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It’s worth noting that the US CPI numbers for the past two months hit multi-year highs, so the decline in prices and rising affordability have yet to be proven. The US stock market is close to its record level, but not quite there.

Bitcoin’s price, on the other hand, has followed USOIL’s path south in the past 24 hours. Yesterday’s decline was mostly attributed to the US Fed refusing to change the rates and the new Chairman’s hawkish stance.

Today, though, BTC dipped once again to $63,600 after Trump’s statement went live. Although it rebounded to $64,200 immediately, it was stopped once again and now sits well below $64,000.

The post Trump Says ‘You’re Welcome’ as Oil Is Flowing and Prices Are Dumping appeared first on CryptoPotato.

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