Bitcoin Miner Core Scientific Pivots to AI with $1B Morgan Stanley Funding

Core Scientific has secured a loan of $500 million for 364 days. The loan agreement also includes an option to borrow up to an additional $500 million, if needed.

Core Scientific has secured a loan of $500 million for 364 days. The loan agreement also includes an option to borrow up to an additional $500 million, if needed.
Imagine trying to split a shadow. That’s what dividing cryptocurrency feels like compared to carving up a car or a dacha. It’s enough to make a babushka weep.

Like a weary traveler telling a story by the fireside, he posted on X on March 4, accusing his father, Donald, of “undermining” the GENIUS Act. From there, the attack rippled: JPMorgan Chase, Wells Fargo and Bank of America were named as the arch‑villains. The message was simple – the banks were choking American savers, denying them higher yields, rewards and, according to Eric, the very freedom the Constitution promises.

As a crypto investor, I’m really concerned about a new report showing that sanctioned groups are using crypto in a big way – we’re talking over $104 billion this year, which is almost eight times higher than last year. This has pushed the total amount of illegal activity on blockchains to a record $154 billion. It’s becoming clear that these countries are intentionally using crypto to work around traditional banks and financial systems, and that’s a serious problem for the entire space.
Coin Center is nudging the U.S. Securities and Exchange Commission toward a vision of crypto clarity that is enduring rather than whimsical-etched into rules, not whispered as temporary favors.
Trump, ever the enfant terrible of digital finance and co-founder of World Liberty Financial, charged the banks with “lobbying overtime” to prevent retail investors from enjoying yields that might actually make them notice their bank statements. In a flourish of public indignation, he branded the banks’ antics as “anti-retail, anti-consumer, and straight-up anti-American,” suggesting that protecting their low-rate monopoly is far more thrilling than looking after the modest fortunes of ordinary Americans.
In a move that could only be described as strategic genius-or perhaps a dash of madness-Intercontinental Exchange (ICE) has decided to invest in cryptocurrency exchange OKX, pushing its valuation to around $25 billion. Ah, Wall Street, forever captivated by the glimmering promise of blockchain-based financial infrastructure and those alluring tokenized securities!
Bitcoin’s price has recently dropped after briefly hitting over $73,000 earlier this week. Experts believe this decrease is due to a mix of factors, including a natural resistance to further price increases, less active trading, and a more cautious attitude among cryptocurrency investors.
Behold, the pièce de résistance! All 137 SPAR Supermarkets in Switzerland-yes, the very same places where you buy your overpriced Swiss cheese and cuckoo clocks-now accept Cardano as payment. Thanks to the marvels of Open Crypto Pay, you can now wave goodbye to your ADA directly from your wallet at checkout. No more fumbling for francs, just a swift tap and you’re off to enjoy your raclette!
And somewhere in the shadows of the market, an analyst mutters that maybe-just maybe-the shiny golden rocks will start losing their charm as dollars tiptoe back into Bitcoin’s wallet.