Fresh off a successful Series C funding round in November, the South Korean fabless AI chip startup Rebellions has raised an additional $400 million. The latest funding infusion, which comes before a planned IPO later this year, was led by the Mirae Asset Financial Group and the Korea National Growth Fund. It also comes at…
AI may be booming, but behind the scenes, companies are wasting vast amounts of expensive compute. GPUs sit idle, workloads are over-provisioned, and cloud costs continue to climb. ScaleOps believes the problem isn’t a shortage — it’s mismanagement. The startup, which builds software that automatically manages and reallocates computing resources in real-time, has raised $130…
Nearly half of all bitcoin BTC$67,686.75 in circulation is now worth less than it was bought for, according to data from the Bitcoin Impact Index, which jumped sharply last week as stress returned across all segments of the market. The index, which measures financial stress for bitcoin user cohorts based on onchain behavior, ETF and…
A “180” hardly does justice to the recent shift in market expectations regarding central bank monetary policy. Expecting multiple Federal Reserve rate cuts in 2026 just weeks ago, markets have seriously begun to price in rate hikes this year. Current pricing on CME FedWatch Tool shows nearly a 30% chance that the fed funds rate…
The latest version of the crypto bill Clarity Act is in the spotlight mostly because of its stablecoin rules. In practice, it may land hardest on decentralized finance (DeFi) and tokens tied to it, according to a report by 10x Research. At the center of the proposal is a ban on offering yield — or…
Yes, you read the title right. The number of bullish bitcoin BTC$67,951.56 wagers, the so-called BTC/USD long positions, on the OG exchange Bitfinex has hit multi-month highs. But, bulls, hold your cheers, as this metric has become a textbook “contrary indicator” over the years, with upswings characterizing bitcoin’s price downtrends. Highest since 2023 The number…
Industry representatives saw the crypto market structure bill’s proposed yield language on March 23 and 24. The internet — at least X (formerly Twitter) — was unhappy, but it may not matter much. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for…
Strategy (MSTR), the largest publicly traded holder of bitcoin, did not seem to have increased its BTC position last week. Executive Chairman Michael Saylor usually signals upcoming purchases on X each Sunday, followed by a detailed update around 8 a.m. ET on Monday. There was no customary Sunday “Orange Dot” post to signal a purchase….