Core Scientific shareholders reject CoreWeave sale
Core Scientific shareholders rejected a $9 billion sale to CoreWeave. Both companies transitioned from crypto mining to AI data centers. CoreWeave's market cap surged to $66 billion post-IPO.
Core Scientific reported Q2 mining revenue of $62.4 million, down 62% from previous quarter. Stock sale of GPU cloud provider CoreWeave postponed, pending shareholder approval.
JPMorgan: Crypto Market Structure Act likely to pass mid-year
JPMorgan predicts the Crypto Market Structure Act will likely pass by mid-2026, potentially transforming the crypto market and attracting institutional investors.