π§ 1. Genius Group Boosts Bitcoin Treasury by 23%
Singapore-based Genius Group (NYSE:β―GNS), an AI-powered Bitcoin-first education firm, has increased its Bitcoin holdings by 28 BTC, bringing the total to 148 BTCβa 23% increase. The treasury is now earning an annualized ~113% yield.
βοΈ 2. CoreWeave to Acquire Core Scientific in $9B AI-Crypto Deal
AI-infrastructure company CoreWeave, backed by Nvidia, is acquiring crypto-mining firm Coreβ―Scientific in an all-stock deal worth $9β―billion, marking a strategic shift toward supporting AI workloads on repurposed mining sites. The acquisition will relieve Coreβ―Scientific of over $10β―billion in lease obligations.
π 3. Bitcoin Dips Slightly Amid U.S. Tariff Concerns
Bitcoin slipped about 0.7% to $108,292, with Ethereum off 0.3%, amid fears of U.S. trade tariffs affecting tech stocks. MicroStrategy paused its BTC purchases for the first time since Aprilβnotably coinciding with heightened geopolitical tensions.
π 4. Monzo Fined $28M Over Financial Crime Controls
UKβs FCA fined digital bank Monzo Β£21 million (~$28.6M) due to insufficient safeguards against financial crime, including lax customer onboarding. The case underlines growing regulatory scrutiny at the intersection of crypto and digital finance.
