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CoreWeave’s attempt to acquire Core Scientific is met with resistance from Two Seas Capital, Core Scientific's largest shareholder, who believes the deal undervalues the company. The dispute is causing a rally in AI tokens and shining a light on the scarcity of centralized AI infrastructure, driving more interest in decentralized AI solutions.
Share link:In this post: Pinterest’s revenue beat expectations, but profit missed, and U.S./Canada user growth stayed flat, causing shares to drop 14%. The company is growing through AI, visual search, and shopping features, and expects up to $1.05 billion in Q3 revenue. Men now comprise over one-third of the firm’s users, with rising interest in wellness, fashion, tech, and finance.
Share link:In this post: Block Inc. raises 2025 profit forecast to $10.17b from $9.96b after a strong Q2. Shares surge 8% in after-hours trading following the upbeat outlook. Cash App gross profit jumps 16% to $1.50b, beating estimates, driven by Borrow, card spending, and BNPL.
Share link:In this post: Pete Bannon left Tesla after nearly a decade; he was the VP of hardware design engineering and led Dojo development. Elon Musk’s order shut down the Dojo team; engineers reassigned or left to form an AI startup called DensityAI. Tesla’s AI strategy pivots to external partners like Nvidia, AMD, and Samsung for compute and chip manufacturing.
- 16:28ARK Invest deposits 1,268 BTC, approximately $148.88 million, to an exchangeAccording to ChainCatcher, Lookonchain monitoring shows that in the past 30 minutes, ARK Invest deposited 1,268 BTC, approximately $148.88 million, to an exchange.
- 16:22BitMine invests another $130 million to acquire 28,650 more ETHAccording to ChainCatcher, Lookonchain monitoring shows that BitMine has accumulated an additional 28,650 ETH (approximately $130 million) in the past hour, bringing its current holdings to 1.174 million ETH (about $5.26 billion).
- 16:12Hong Kong-listed company Top Win raises $10 million to purchase BitcoinForesight News reports that Hong Kong luxury watch wholesaler Top Win International (TOPW) has successfully raised $10 million, with the round led by Taiwan-listed company Chilin Technology Co., Ltd. TopWin plans to use the majority of the funds to purchase Bitcoin (BTC).