IREN (IREN) co-founder Daniel Roberts outlined an ambitious vision for the company as a vertically integrated AI infrastructure platform in a lengthy X post on Friday, arguing that the biggest bottleneck in artificial intelligence is no longer chips, but physical infrastructure. “AI demand grows exponentially. Infrastructure doesn’t,” Roberts wrote, pointing to growing constraints around power,…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2768.6, up 2.7% (+73.06) since 4 p.m ET on Monday. Nineteen of 20 assets are trading higher. Leaders: NEAR (+8.2%) and CRO (+7.6%). Laggards: ICP (-0.6%) and UNI (+0.6%)….
The top Democrat on the U.S. House Financial Services Committee demanded the chairman of the Securities and Exchange Commission explain during a Wednesday hearing what happened with the agency’s enforcement interest in Tron Foundation founder Justin Sun and whether his ties to President Donald Trump have had an influence. Representative Maxine Waters highlighted the U.S….
India’s Prime Minister Narendra Modi (L) meets the President of China, Xi Jinping (R) as a part of the 25th Heads of State Council meeting of the Shanghai Cooperation Organization (SCO) in Tianjin, China on August 31, 2025. Anadolu | Anadolu | Getty Images BEIJING — China plans to send a delegation to India’s upcoming…
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US Federal Reserve Governor Michael Barr has warned that stress in the fast-growing private credit market could trigger “psychological contagion” and spill into the broader financial system, Reuters reported citing an interview with Bloomberg News.Barr said direct links between banks and private credit firms do not currently appear “super worrisome”, but other areas such as…
Limited stablecoin rewards are favored by the White House, and if bankers sign off, they’ll be in the next draft of the crypto market structure bill, according to two people familiar with the negotiation. At a Thursday working session meant to secure common ground on stablecoin rewards between banks and the crypto industry, the White…
The Trump administration has quietly expanded the scope for government-backed mortgage giants Fannie Mae and Freddie Mac to buy far more mortgage bonds than previously allowed, a move aimed at lowering home loan rates but one that has revived concerns about financial risk and policy overreach.According to an internal email obtained by the Associated Press,…
Apple shares edged lower on Tuesday, slipping 1%, as the company confirmed a leadership transition that will see Tim Cook step down as chief executive on September 1. After stepping down as the CEO, Cook is set to move into the role of executive chairman, handing over the reins to John Ternus, a long-time company…
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