Author: AltCoinDrops.com
Oracle has signed a five-year agreement to provide OpenAI with $300 billion worth of computing infrastructure starting in 2027, according to reporting by The Wall Street Journal. The deal is one of the biggest cloud contracts ever recorded, and it completely overshadows OpenAI’s current yearly revenue of $10 billion. This agreement will require 4.5 gigawatts of energy to power the planned infrastructure, an amount that could serve nearly four million homes or exceed the output of two Hoover Dams. This development comes as OpenAI tries to break through the ceiling caused by a shortage of compute capacity, which has slowed…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. SNEYD MINING transforms crypto holdings into income with its unique cloud mining and coin-interest model. Summary SNEYD MINING turns crypto into income, helping holders earn returns without selling assets. The company helps crypto holders turn volatility into daily stable rewards SNEYD MINING offers high returns, letting investors grow wealth while holding digital assets. In today’s world, where cryptocurrency market volatility has become the norm, investors are increasingly seeking reliable ways to generate consistent cash flow through both bull and…
In a keynote speech to the Organization for Economic Co-operation and Development, new U.S. Securities and Exchange Commission Chair Paul Atkins reaffirmed that “most crypto tokens are not securities” as the agency continues to draft guidelines to benefit the industry.Most notably, Atkins said entrepreneurs and investors should be able to raise capital onchain “without endless legal uncertainty” and pave the way for “super-app” trading platforms that increase “choice for market participants.””As we call on our partners to foster investor confidence and dynamic markets in their jurisdictions, these same priorities compel us, in the United States, to unleash the potential of…
TLDR: Over $17M in SOL short positions were liquidated as the Solana price crossed $220, highest level in 8 months. Onchain perpetuals on Solana led centralized exchanges in liquidations, showing stronger activity among decentralized traders. Analyst projections point to $250 as the next resistance level, with $259 identified as the upper resistance zone. Solana’s support zone remains between $160 and $180 if price faces rejection at higher resistance levels. Solana’s latest rally has pushed the token to levels not seen since early 2024. The price jumped past $220, sparking a wave of liquidations across short positions. Traders on decentralized platforms…
KuCoin has brought golf icon Adam Scott on as its first global brand ambassador. The deal marks the exchange’s inaugural step into professional sports sponsorships, signaling a clear ambition to connect with a new audience. Summary KuCoin names golf champion Adam Scott as its first global brand ambassador, marking its entry into professional sports sponsorships. The deal was announced September 10, with Scott set to front global campaigns highlighting trust and precision. Meanwhile, crypto sports sponsorship spending surged 20% YoY to $565 million, led by Crypto.com, Coinbase, and OKX. A September 10 announcement confirmed the partnership with Scott, the 2013…
The idea of Bitcoin hitting $1 million, once just loud talk from the market’s fringes, is now being quietly modeled in Wall Street’s corner offices. This isn’t about hype; it’s about a pattern. Analysts are looking at the S-curve, the same adoption path that took gold mainstream in the ’70s and the Internet in the ’90s. With the launch of Spot Bitcoin ETFs, the floodgates for institutional money finally opened, potentially redrawing Bitcoin’s entire future. Global chaos pushing Wall Street’s buttons Big money isn’t flocking to Bitcoin out of curiosity. It’s a defensive move. Governments are drowning in debt, money…
Polygon revealed that it is experiencing delays in transaction finality. The chain is currently facing a 10-15 minute delay in finalizing blocks due to a technical issue that’s ongoing. Summary Polygon chain is encountering a delay in transaction finality by 10-15 minutes. The issue is said to be caused by nodes that is causing delays in the process. On Sept. 10 at 10:30 AM UTC, the last transaction block on the Polygon (MATIC) chain was validated around five hours ago. The note above the site says that “Block data is currently data. We are working to resolve this.” This indicates…
GameStop is making big moves. The video game retailer reported a narrower loss for Q2, and it’s all thanks to a bold new Bitcoin strategy. While revenue still dipped a bit, the company’s holdings of 4710 $BTC gave its balance sheet a massive boost with a valuation of over half a billion dollars. This is a shift in how GameStop operates. Under Chairman Ryan Cohen, the company is reshaping its entire financial playbook. They’ve sold off international units and raised cash through a big bond sale. Now they’re joining a small yet growing club of publicly traded companies that have…
Paxos has made changes to its previous proposal in the ongoing bid for Hyperliquid’s USDH stablecoin. This new offer might give it a competitive edge over the likes of Ethena, Sky, LayerZero, Agora. Summary Paxos has updated its proposal for Hyperliquid’s USDH stablecoin with key strategic enhancements, including a PayPal partnership to support USDH’s global adoption. Paxos commits to reinvesting USDH revenue into Hyperliquid’s growth until it hits $1 billion in TVL, with its revenue share capped at 5% post-$5 billion. Paxos plans to integrate USDH with major fintech enterprises and brokerages to scale liquidity infrastructure, helping Hyperliquid expand into…
TLDR: A federal judge blocked Trump from removing Fed Governor Lisa Cook, citing limits on presidential removal powers. Cook’s lawsuit argues the allegations stem from events before her Fed service and were already disclosed to the Senate. The decision keeps Cook on the board as the Fed prepares for its next interest-rate decision watched closely by crypto traders. The case could escalate to the Supreme Court, testing boundaries of presidential control over independent institutions. A federal judge has stepped into a high-stakes battle over the U.S. central bank. President Trump moved to remove Federal Reserve Governor Lisa Cook. His administration…