TeraWulf generates $21M in HPC lease revenue as AI infrastructure pivot accelerates

Tech  TeraWulf generates $21M in HPC lease revenue as AI infrastructure pivot accelerates  Bitcoin Ethereum News  TeraWulf reported its Q1 results earlier today, showing early signs that its shift from Bitcoin mining to AI infrastructure is beginning to produce results.  The company generated $21 million in HPC lease revenue during the quarter, helping lift total revenue to $34 million as its Lake Mariner campus began producing recurring compute revenue through 60 megawatts of energized critical IT capacity for Core42.  The results highlight TeraWulfs move away from the volatility of Bitcoin mining toward contracted, long duration compute infrastructure. The company said it continues to repurpose parts of its legacy mining footprint for higher value HPC workloads.  TeraWulf said construction at Lake Mariner remains on track, with CB-3 nearing completion and energization aligned with customer hardware deployment. CB-4 and CB-5 remain scheduled for delivery and rent commencement in 2026.  The company also ended the quarter with about $3.1 billion in cash and restricted cash, giving it liquidity to fund its development pipeline. TeraWulf said its capital structure is designed to align long term financing with contracted cash flows as recurring revenue becomes a larger part of the business.  TeraWulf is expanding beyond Lake Mariner as it builds out a national

05-09

AMD and Intel hit ATHs as agentic AI demand lifts chip stocks

Tech  AMD and Intel hit ATHs as agentic AI demand lifts chip stocks  AMD and Intel shares climbed to new all time highs Friday as Wall Street continued to reward chipmakers tied to artificial intelligence infrastructure and rising demand for central processing units.  AMD rose about 9% to roughly $443, lifting its market capitalization to about $720 billion, while Intel gained about 14% to around $124, pushing its market value near $627 billion at press time.  The rally followed AMDs stronger than expected first quarter results earlier this week. The company reported revenue of $10.3 billion, up 38% from a year earlier, while data center revenue jumped 57% to $5.8 billion, driven by demand for AMD EPYC processors and the continued ramp of AMD Instinct GPU shipments.  Wall Street analysts have turned increasingly bullish on AMD after the report, with Reuters noting that at least 20 brokerages raised their price targets following the companys forecast and its expanding exposure to AI infrastructure demand.  AMD CEO Lisa Su told CNBC this week that agentic AI is accelerating demand across the compute market. “Agents are really driving tremendous demand in the overall AI adoption cycle, and we‘re very excited to be in the middle of it,” Su said

05-09

Largest Swiss Bank Loads Up on Strategy (MSTR)

Tech  Largest Swiss Bank Loads Up on Strategy (MSTR)A billion-dollar betXRP exposure  UBS Group, the largest bank in Switzerland with $6.6 trillion in assets, has significantly increased its bet on the digital asset ecosystem. According to the latest disclosures, the banking titan has solidified its position as a major institutional holder of MicroStrategy (MSTR), often viewed as a corporate proxy for Bitcoin.  A billion-dollar bet  The Swiss giant recently disclosed the purchase of an additional 551,121 shares of MicroStrategy, a move valued at approximately $98 million.  This latest acquisition brings UBSs total holdings to 6.31 million shares, representing a massive $1.12 billion position in the Bitcoin treasury company.  Largest Swiss Bank Loads Up on Strategy (MSTR)  Ethereum (ETH) Could Hit $12K This Year, Lee Predicts  The banks accumulation of MSTR has been aggressive throughout 2026:  UBS held 2.52 million shares valued at $415 million as of January. In February, the bank nearly doubled its stake, adding 3.23 million shares to reach a total of 5.76 million shares ($805 million). In May, total holdings surged to 6.31 million shares ($1.12 billion).  XRP exposure  The move into MicroStrategy is part of a broader institutional pivot toward digital assets for UBS.  Newly surfaced SEC Form 13F filings reveal that the bank has also officially disclosed

05-09

Ripple-linked XRP pushes toward $1.40 as tightening range lowers breakout chances

XRP keeps grinding toward the top of its recent range, and the move is starting to matter more because liquidity has thinned out while price keeps compressing underneath resistance. That combination tends to make breakouts sharper once the market finally picks a direction.  News Background  • Analysts continue pointing to longer-term bull flag and falling wedge patterns that resemble setups seen before previous XRP rallies.  • XRP ETF inflows and thinning Binance liquidity have added to speculation that the market is entering a higher-volatility phase after weeks of sideways trading.  Price Action Summary  • XRP traded in a tight 1.4% range between $1.3787 and $1.3948 over the 24-hour session.  • A late-session push lifted price from $1.3879 to $1.3930 on a 1.45M volume spike, breaking above the immediate consolidation ceiling.  • Support repeatedly held between $1.3825-$1.3870, while sellers continued defending the $1.3930-$1.3950 zone.  Technical Analysis  • The market has spent weeks compressing between support near $1.38 and resistance just below $1.40, with volatility continuing to tighten.  • Volume expanding into the latest move higher matters because thin liquidity conditions tend to exaggerate price reactions once resistance finally gives way.  • XRP is still stuck below larger breakout levels near $1.47 and $1.50, but repeated tests of resistance usually weaken seller control

05-09

Anthropic Targets $1T Valuation as Investors Chase Claude’s Enterprise Growth

Tech  Anthropic Targets $1T Valuation as Investors Chase Claudes Enterprise Growth  Closing the Gap with OpenAI  Anthropic is reportedly considering raising tens of billions of dollars as early as this summer to fund a sweeping expansion of its computing infrastructure. The fundraising could see the artificial intelligence companys valuation approach $1 trillion, potentially vaulting it ahead of rival OpenAI.  The developer of the Claude chatbot, valued at $380 billion in February, has drawn interest from investors including Dragoneer, General Catalyst, and Lightspeed Venture Partners as revenue accelerates. A report citing anonymous sources said Anthropics annualized revenue is expected to surpass $45 billion imminently, a fivefold increase from $9 billion at the end of last year.  “People are ready to throw any dollar amount at Anthropic,” one investor said. “It‘s just about when they want to say they’re ready.”  Sources familiar with the talks said Anthropic is exploring a raise of up to $50 billion at a pre-money valuation of about $900 billion. The round could close within two months, though terms have not been finalized, and the deal may not materialize. OpenAI was valued at $852 billion post-money in March after securing a record $122 billion round.  Chief Financial Officer Krishna Rao has been meeting with prospective

05-09

24 major financial institutions integrate Bitcoin services, boosting adoption

Bitcoin  24 major financial institutions integrate Bitcoin services, boosting adoption  Bitcoin Ethereum News  ## Market Snapshot  In the “Bitcoin Price Targets” market, current data shows a 5.1% YES pricing for Bitcoin reaching $200,000 by the end of 2026, reflecting a slight increase from 4% a day ago. Meanwhile, the “Bitcoin Price Predictions for May 9” market indicates a near-certain outcome with a 99.9% YES pricing for Bitcoin surpassing $68,000.  ## Key Takeaways  – Adoption by over 24 major financial institutions suggests strong institutional support for Bitcoin, consistent with YES outcomes in long-term markets. – Market pricing suggests a moderate immediate impact on Bitcoin‘s price, with potential for longer-term increases in value. – The involvement of major players like BlackRock and JPMorgan indicates confidence in Bitcoin’s integration into traditional finance, supportive of positive future price scenarios.  ## Article Body  A significant development in the financial sector reveals that over 24 major U.S. financial institutions, including JPMorgan Chase, BlackRock, and Goldman Sachs, have integrated Bitcoin and crypto services into their offerings. This marks a substantial shift towards institutional adoption of digital assets, driven by regulatory clarity following the approval of spot Bitcoin ETFs in 2024. The U.S. spot Bitcoin ETFs collectively manage between $128 billion and $135 billion, with BlackRocks

05-09

Kraken owner applies for OCC national trust charter after $600 deal

Tech  Kraken owner applies for OCC national trust charter after $600 deal  Krakens parent company Payward has applied for a national trust company charter with the US Office of the Comptroller of the Currency (OCC) to establish a federally regulated entity focused on digital asset custody. The proposed entity is called Payward National Trust Company (PNTC).  The move, first reported by CoinDesk, comes as the firm accelerates its acquisition push. Just yesterday, Payward announced it would acquire Asias stablecoin-focused firm Reap Technologies for $600 million. The company has spent $2.7 billion on acquisitions in roughly a year.  Wyoming charter and its limits  Kraken Financial received a Federal Reserve master account in March, marking a historic first for a digital asset bank and enabling direct access to the core US payment infrastructure.  But state charters have geographic and operational limits. A national trust charter would work alongside Kraken Financial, expanding Paywards presence across both state and federal banking frameworks.  The Trump administrations warm posture toward digital assets has helped transform federal crypto licensing from a dead end into a viable path.  Between December 2025 and March 2026, the OCC conditionally approved or advanced 11 crypto-related trust-charter applications, including firms such as Circle, Ripple, BitGo, Fidelity Digital Assets, Paxos, Bridge,

05-09

Toncoin whale takes a $5 mln bet: Will this help TON flip $3?

Tech  Toncoin whale takes a $5 mln bet: Will this help TON flip $3?  Although Toncoin retraced from $2.90, the altcoins upside momentum remains intact, largely driven by strong market demand.  In fact, the altcoins Relative Strength Index (RSI) surged to 93, reaching overbought conditions. RSI reaching such levels suggests buyers have taken total control of the market.  While overbought zones have often preceded pullbacks, an asset can remain in an overbought zone for an extended period. At the same time, the BvB EMA Normalized reached an extreme level, hitting 80, further validating the strength of this trend.  Source: TradingView  Taken together, these two indicators signal the likelihood of further gains on price charts. Thus, if the momentum holds, Toncoin bulls will seek a move above $3.  However, TON currently faces extreme leverage, with speculators dominating the market. Often, higher speculation follows price crashes, especially driven by a cascade of liquidations.  If the speculation crashes, the market will likely drop again, with $2 acting as critical support.

05-09

US adds 115,000 April jobs, beating forecasts

The US April jobs report showed 115,000 positions added in April, nearly doubling the consensus forecast of 62,000.The Bureau of Labor Statistics reported 115,000 nonfarm payroll jobs added in April, well above the 62,000 consensus estimate.Unemployment held at 4.3%, with gains concentrated in healthcare, transportation, warehousing, and retail trade.The strong April jobs report reduces pressure on the Federal Reserve to cut rates, a headwind for crypto and risk assets.  The US April jobs report showed 115,000 positions added in April, nearly doubling the consensus forecast of 62,000, according to data the Bureau of Labor Statistics released on May 8. The unemployment rate held unchanged at 4.3%, marking the second consecutive month that payroll growth significantly outpaced expectations.  Healthcare led job creation with 37,000 new positions, followed by gains in transportation, warehousing, and retail trade. Federal government employment continued to decline.  Average hourly earnings rose 0.2% for the month and 3.6% year on year, coming in below the 0.3% and 3.8% forecasts respectively, suggesting that wage pressures remain contained even as hiring holds firm.  What the report means for markets  A stronger-than-expected labor market typically pushes out expectations for Federal Reserve rate cuts, as policymakers see less urgency to ease with unemployment low and hiring robust.  As

05-09

U.S. crypto banking charter rush reshapes global financial access

More cryptocurrency firms are moving closer to the heart of the U.S. banking system, with a growing number of applications for federal trust bank charters.  More than a dozen crypto and fintech companies have either applied for or secured conditional national trust bank charters from the U.S. Office of the Comptroller of the Currency (OCC), according to American Banker and FinTech Weekly.  Coinbase, Ripple, Circle, and BitGo are the most notable, alongside Morgan Stanley and Fidelity Digital Assets.  Just in the news on Friday, Krakens parent firm, Payward, has joined the list. The company announced it has filed for a national trust company charter with the Office of the Comptroller of the Currency, with plans to establish the Payward National Trust Company (PNTC).  PNTC will provide bank-level crypto custody and trust services for both institutional clients and individual customers, according to Paywards statement.  More crypto firms are securing OCC charter approval  An OCC national trust bank charter gives a company custody and management of assets under a single federal regulator. Overseas institutions are more familiar with a federally supervised banking framework.  Under Trumps administration, we are seeing the US banking regulator ease up on crypto companies.  In just the past month, Coinbase received conditional approval for its own

05-09
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