NEWS DIGEST – 08.07.2025 πŸš€

 

🧠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 BTCβ€”a 23% increase. The treasury is now earning an annualized ~113% yield.

βš™οΈ 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.

πŸ“‰ 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 Aprilβ€”notably coinciding with heightened geopolitical tensions.

πŸ”’ 4. Monzo Fined $28M Over Financial Crime Controls

UK’s 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.