IREN's AI Cloud Revenue Overtakes Mining as the Loss Hits $684M
AI cloud brought IREN $70.5 million in the June quarter against $66.7 million from bitcoin mining, the first time the split has gone that way. The quarter cost $684 million.
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Ethena Moves USDe Backing Into Equity Perpetuals as Yields Shrink
Ethena is putting USDe's backing into equity perpetual trades that paid 14% to 17.5% over the summer, while bitcoin funding kept falling. A fee-switch vote runs alongside.
HMRC Counts 240 UK Filers With Crypto Gains Above £1 Million
The UK tax authority's first cryptoasset capital-gains figures show 17,600 filers declaring £1.38 billion for 2024-25, with 240 of them above £1 million each.
Bitwise's Solana ETF Is the First in Its Class Past $1 Billion
The Bitwise Solana Staking ETF passed $1 billion in assets about ten months after listing, though its share price is still around 40% below debut.
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