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TeraWulf doubles AI revenue but posts $427M quarterly loss as mining income declines

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TeraWulf’s HPC lease revenue jumped 117% quarter-on-quarter to $21 million, but a $427 million net loss highlights the costs of transitioning from Bitcoin mining to AI infrastructure.

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Treasury Secretary Bessent likens GENIUS Act to Lincoln-era banking reform

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The OCC has finalized rules for stablecoin reserves and redemptions, with Bessent calling the GENIUS Act a “watershed moment for American finance.”

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Chainlink, Cardano, other blockchain groups push SEC for clearer crypto rules

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Six major blockchain organizations urged the SEC to formally recognize digital commodities as non-securities in its proposed regulatory framework.

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Bitcoin price tags $84.6K as US stocks head higher on SpaceX Q3 earnings beat

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Bitcoin extended gains to approach $85,000 after US stock markets reacted to higher-than-expected SpaceX earnings.

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