S&P Cuts Meta Credit Outlook to Negative Over AI Infrastructure Spending
Agency keeps AA- rating intact but warns of multiyear cash flow shortfalls as capital expenditures surge to fund artificial intelligence buildout
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Latest updates, press releases, and insights from the volatile world of digital assets.
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Meta Plans $95 Billion Stock Raise to Fuel AI Infrastructure Expansion
Meta Platforms is preparing up to $95 billion in equity financing to support its aggressive push into artificial intelligence, including new data centers and advanced AI models, even as the company holds substantial cash reserves and reported negative free cash flow in the most recent quarter
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Bank of Israel Rejects Netanyahu Plan for Crypto to Bypass Potential Sanctions
Prime Minister Benjamin Netanyahu faces sharp pushback from the central bank and opposition leaders after suggesting cryptocurrencies could help Israel prepare for possible banking restrictions
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Scammer Loses $4.8 Million in Bitcoin on Tampered Ledger Devices
Blockchain firm Chainalysis reports a task-scam operator lost more than 60 BTC after moving proceeds to three compromised hardware wallets drained on October 9
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Capital B Posts $78 Million H1 Loss on Bitcoin Impairment While Expanding Holdings
French Bitcoin treasury firm records wider first-half net loss driven by non-cash write-down, even as revenue rises and strategic BTC reserves grow 25% year to date
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Bitcoin Whale Transfers $378 Million After Holding Through 2020 Crash
A long-inactive Bitcoin address moved 4,582 BTC valued near $378 million to five new wallets, its first major activity in more than six years
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Polymarket Launches Protocol V2 Smart Contract Overhaul for Prediction Markets
The prediction market platform has begun testing a rebuilt system with unified positions, pUSD collateral and modular oracles ahead of a planned early November shift for new markets
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Citi Raises Bitcoin 12-Month Target to $113,000 as ETF Inflows Return
Citigroup has lifted its outlook for the cryptocurrency market, citing renewed institutional interest through exchange-traded funds and a more supportive macroeconomic backdrop
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Multicoin Capital and Bitwise Transfer Over $40M in HYPE to Coinbase Amid Rising Institutional Outflows
Large deposits of Hyperliquid tokens by major firms and ETF-linked wallets raise questions about near-term supply pressure as the token trades near $79
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Bitwise to Liquidate Dogecoin ETF After Weak Demand and Low Assets
Bitwise will close its spot Dogecoin ETF in mid-October, citing product optimization after the fund attracted limited investor interest and held just over $700,000 in assets less than a year after launch
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