Monday, July 7, 2025

CoreWeave says it has agreed to acquire bitcoin miner Core Scientific in a ~$9B all-stock deal, set to close in Q4 2025, to expand its AI data center capacity (Dana Wollman/Bloomberg)

Dana Wollman / Bloomberg:
CoreWeave says it has agreed to acquire bitcoin miner Core Scientific in a ~$9B all-stock deal, set to close in Q4 2025, to expand its AI data center capacity  —  The transaction values Core Scientific's stock at $20.40 per share, according to a statement from CoreWeave on Monday.



Huawei's AI lab refutes accusations that its Pangu Pro MoE model source code used uncredited material from rivals, after a GitHub group accused it of copying (Bloomberg)

Bloomberg:
Huawei's AI lab refutes accusations that its Pangu Pro MoE model source code used uncredited material from rivals, after a GitHub group accused it of copying  —  The Pangu Pro MoE is the world's first model of its kind to be trained on Ascend chips — Huawei's answer to Nvidia Corp.'s AI accelerators …



Experts say ransomware group DragonForce, which targeted M&S, Harrods, and the Co-op, started a turf war with rival RansomHub, potentially bringing more hacks (Kieran Smith/Financial Times)

Kieran Smith / Financial Times:
Experts say ransomware group DragonForce, which targeted M&S, Harrods, and the Co-op, started a turf war with rival RansomHub, potentially bringing more hacks  —  A clash between rival criminal ransomware groups could result in corporate victims being extorted twice, cyber experts warn



Sunday, July 6, 2025

Adalytics finds 9,000+ pirated movies, including summer blockbusters, TV shows, and live sports on YouTube, amassing a collective 250M+ views from July to May (New York Times)

New York Times:
Adalytics finds 9,000+ pirated movies, including summer blockbusters, TV shows, and live sports on YouTube, amassing a collective 250M+ views from July to May  —  More than a decade after the platform cracked down on copyright infringement, thousands of unlicensed movies, TV shows and live sports are available.



Velvet Sundown, an AI‑created band with ~850,000 monthly Spotify listeners and two recent albums, shows how some listeners are turning to anodyne AI music (Ian Bogost/The Atlantic)

Ian Bogost / The Atlantic:
Velvet Sundown, an AI‑created band with ~850,000 monthly Spotify listeners and two recent albums, shows how some listeners are turning to anodyne AI music  —  “ Rubber burns, the map fades away / Chasing the ghosts of yesterday.”  Sure, fine.  —  The traffic receded as Chicago withdrew …



DefiLlama: monthly DeFi fees have risen to $577M from an April low of $366M, with major protocols generating $275M through automated market-making services (The Block)

The Block:
DefiLlama: monthly DeFi fees have risen to $577M from an April low of $366M, with major protocols generating $275M through automated market-making services  —  - Major protocols like PancakeSwap have emerged as fee-generating leaders, accumulating $275 million in fees through …



A profile of Steam developer Valve, which has a flat corporate structure and high profit per head; Ampere: Steam hit 170M MAUs in May, versus 153M a year prior (Louis Ashworth/Financial Times)

Louis Ashworth / Financial Times:
A profile of Steam developer Valve, which has a flat corporate structure and high profit per head; Ampere: Steam hit 170M MAUs in May, versus 153M a year prior  —  Peering inside one of the tech world's strangest companies  —  Here at FT Alphaville we love exploring “black hole” companies …



Saturday, July 5, 2025

House GOP leaders announce a regulatory Crypto Week from July 14 to July 18 to consider three key crypto bills, including the Senate-led GENIUS Act (Jesse Coghlan/Cointelegraph)

Jesse Coghlan / Cointelegraph:
House GOP leaders announce a regulatory Crypto Week from July 14 to July 18 to consider three key crypto bills, including the Senate-led GENIUS Act  —  US Republican leaders say the House will look to pass bills on stablecoins, crypto market structure and CBDCs in mid-July in what they've dubbed “Crypto Week.”



A look at Meta's recent hires for its nascent superintelligence unit, including Pei Sun, who developed two generations of Waymo's perception models (Rachyl Jones/Semafor)

Rachyl Jones / Semafor:
A look at Meta's recent hires for its nascent superintelligence unit, including Pei Sun, who developed two generations of Waymo's perception models  —  Meta's new hires offer a glimpse into its nascent superintelligence unit, aimed at making the social media company's AI capabilities more competitive with industry leaders.



Over the past year, long-time Bitcoin whales have been selling off their holdings, leading to a reshaping of the market as institutions increase their buying (Olga Kharif/Bloomberg)

Olga Kharif / Bloomberg:
Over the past year, long-time Bitcoin whales have been selling off their holdings, leading to a reshaping of the market as institutions increase their buying  —  A silent transfer of control is reshaping the $2.1 trillion Bitcoin market.  —  A steady stream of sales by long-time whales …



Two dormant Bitcoin wallets, each holding 10,000 "Satoshi era" BTC since 2011, transferred the coins to new wallets using a modern, lower-fee address format (Shaurya Malwa/CoinDesk)

Shaurya Malwa / CoinDesk:
Two dormant Bitcoin wallets, each holding 10,000 “Satoshi era” BTC since 2011, transferred the coins to new wallets using a modern, lower-fee address format  —  All of these moved coins are among the rarest class of BTC: mined or transacted during the “Satoshi era,” …



Shenzhen-based Even Realities, a startup that makes smart glasses without cameras, raised a $150M pre-Series B led by Meituan and Tencent (Kate Park/TechCrunch)

Kate Park / TechCrunch : Shenzhen-based Even Realities, a startup that makes smart glasses without cameras, raised a $150M pre-Series B l...