Riot Platforms sold 9,665 bitcoin in the first half of 2026, including 4,300 BTC in Q2, to finance its pivot from bitcoin mining to AI infrastructure. Despite reducing its bitcoin treasury to 11,380 BTC, Riot is expanding its data center operations, highlighted by a 20-year, 191-megawatt lease with AI firm Anthropic expected to generate $9.1 billion in revenue through 2048. This strategic shift aligns with broader industry trends as miners like Marathon also sell large bitcoin holdings to fund growth and debt reduction. Riot's move signals a significant transformation from a mining-focused company to an AI infrastructure operator, potentially increasing its valuation and reducing reliance on bitcoin sales in the future.
Ripple's stablecoin RLUSD saw a $14.4 million mint on the XRP Ledger, part of $39.4 million in mint-and-burn transactions across XRP Ledger and Ethereum. RLUSD's market cap rose to about $2.4 billion, with Ethereum holding a larger share of the suppl...
Roivant Sciences Ltd. (ROIV) recently received approval for LISRAYA, providing a solid commercial foundation for the company. Additionally, their drug brepocitinib has potential to expand into a broader immunology franchise. ROIV's pulmonary drug can...
Social Security benefits are projected to drop by 22% by 2032, forcing average Americans to increase their retirement savings by over 30%. To address this, a diversified portfolio focusing on income through high-quality dividend-paying stocks like An...
Bitcoin ETFs experienced a fourth consecutive day of outflows, losing $13.29 million on September 11 and $462.73 million over the week, with BlackRock's IBIT seeing significant withdrawals. In contrast, Ethereum ETFs attracted $216.41 million in infl...
Grayscale has filed to convert its Litecoin Trust (LTCN) into an ETF, proposing a name change to Grayscale Litecoin Trust ETF while retaining the LTCN ticker. This move aims to list LTCN on the NYSE Arca exchange, allowing share creation and redempti...
