IREN Ltd. ( IREN ) has emerged as one of the year’s most talked-about technology and infrastructure stocks, after reporting record revenue and profits while making bold moves into artificial intelligence. Once known almost exclusively as a Bitcoin miner, the Sydney-based company is rapidly transforming into a dual-powered business: securing its place as both a leader in large-scale mining and a growing force in AI cloud computing. For fiscal year 2025, IREN posted $501 million in revenue, nearly triple last year’s figure. Net income reached $86.9 million, a sharp turnaround from the prior year’s $28.9 million loss. Shares surged more than 15% following the announcement, adding to a gain of over 120% year-to-date. Bitcoin Mining Still the Backbone Despite its diversification, Bitcoin mining continues to account for the vast majority of IREN’s revenue. In the fourth quarter alone, mining generated $180 million, powered by the company’s 50 exahash (EH/s) fleet—an industry-leading scale. E...

Ethereum prices climbed sharply on Wednesday, pushing to nearly $4,700 per token—just a hair below its all-time high from November 2021—amid a rush of institutional interest and favorable policy shifts. The world’s second-largest cryptocurrency is now up over 50% since the passage of the GENIUS Act last month, which set new regulatory guardrails for stablecoins. The rally was also fueled by the U.S. Securities and Exchange Commission’s “Project Crypto” initiative, aimed at clarifying digital asset regulations, and a broad appetite from Wall Street firms seeking exposure to blockchain infrastructure. “Ethereum is the biggest macro trade over the next 10–15 years,” said Fundstrat’s Tom Lee, underscoring its central role as the foundation for most major crypto projects and stablecoins. Corporate Treasuries Drive Demand for Ether A surge in Ethereum accumulation by public companies has become a defining trend of this cycle. BitMine Immersion Technologies revealed plans to sell up to $20 bi...

Investors cheer revenue beat, surging Stablecoin adoption, and regulatory tailwinds. Circle Internet Group ( CRCL ), the issuer behind the USDC stablecoin, delivered a blistering first earnings report since its blockbuster IPO in June. Shares surged more than 7% in early trading Tuesday, fueled by second-quarter revenue of $658 million—comfortably ahead of Wall Street’s $646 million forecast and up a striking 53% year-over-year. It’s been a meteoric rise for Circle. Since going public at $31 per share just two months ago, its stock has soared over 450%, peaking at nearly 10 times its IPO price before settling around $173. The company’s growth is being driven by accelerating adoption of USDC, its dollar-pegged digital token, which has become a key player in the rapidly expanding world of stablecoin finance. USDC’s circulation surged 90% year-over-year, hitting $61.3 billion at the end of the quarter, and growing further to $65.2 billion by August 10. That explosive expansion directly tr...

Bullish (BLSH) is charging into the public markets this Wednesday, aiming to raise as much as $990 million in its initial public offering—a move that could value the crypto exchange at roughly $4.8 billion.  The offering comes amid one of the strongest IPO climates in years, with recent high-profile debuts like Heartflow, Firefly Aerospace, Figma, and Circle Internet Group ( CRCL ) electrifying investors. Circle’s shares, for instance, have rocketed more than 400% since its launch in June. The timing is fortuitous for Bullish. The cryptocurrency market has regained momentum on the back of regulatory clarity, swelling institutional adoption, and double-digit price gains for bitcoin and ether. Demand for the IPO is reportedly running several times above the available shares, attracting heavyweight backers including BlackRock ( BLK ) and Ark Invest ( ARKK ), which together have pledged to buy up to $200 million worth. Bigger Deal, Bigger Ambitions Originally planning to sell just over...

Bitcoin’s rally accelerated this week, with the world’s largest cryptocurrency soaring past $118,000 for the first time in history.  The digital asset is up roughly 26% so far this year, buoyed by strong institutional demand, a favorable political environment under the Trump administration, and an ever-tightening supply outlook. All-Time Highs and Market Momentum Bitcoin briefly touched $118,900 on Friday, eclipsing its previous peak set just a day earlier. At the time of writing, it was trading around $117,400. Ether, the second-largest cryptocurrency, hovered near $3,000, reflecting broader enthusiasm across the digital asset market. Cryptocurrency-adjacent equities also moved higher in response. Shares of MicroStrategy ( MSTR ), the largest corporate holder of bitcoin, climbed nearly 3%. Mining firms Marathon Digital ( MARA ) and Riot Platforms ( RIOT ) rose around 2% to 4%. The surge extended gains that have been building since January, with some crypto-linked stocks now up mor...

While traditional equities wobbled ahead of tariff deadlines and global economic uncertainty, Bitcoin surged toward a fresh all-time high. Rising investor appetite for crypto exchange-traded funds (ETFs) and lingering expectations of policy shifts in Washington are reinforcing confidence in digital assets. The rally comes as Bitcoin flirts with the $110,000 mark—just shy of its record—and Ethereum, Solana, and other tokens post double-digit gains. Bitcoin Climbs as Wall Street Treads Water Bitcoin rose roughly 2.4% to $110,334 early Monday, narrowing the gap with its all-time high of nearly $112,000 set in May. This surge came despite a dip in U.S. stock futures, which fell amid fresh geopolitical risks and looming tariff rollouts from the White House. President Trump announced that “tariff letters and/or deals” would be delivered starting Monday, with BRICS-aligned nations facing an additional 10% levy. That rhetoric sent investors looking for nontraditional hedges—and many appeared t...

Major gains in crypto-linked equities marked Wednesday’s trading session as the U.S. Senate cleared a crucial stablecoin bill. The legislation proposal, known as the GENIUS Act, propelled stablecoin names—especially Circle ( CRCL ) and Coinbase ( COIN )—into sharp focus. This is emerging as a watershed moment for dollar-backed cryptocurrencies and their integration into everyday commerce. Stablecoin Bill Ushers Crypto Into Mainstream Finance The Senate approved the GENIUS Act by a decisive 68–30 vote, setting a regulatory framework for dollar-backed stablecoins like USDC and USDT. With requirements such as full reserve backing, monthly audits, and anti-money-laundering compliance, the bill gives legal definition and legitimacy to stablecoins as digital cash for payments. Circle stock surged more than a third on the announcement, rallying from around $150 to close near $200, and has now gained over 500% since its IPO debut in early June. Market optimism stems from the belief that this ...

Bitcoin is once again proving its staying power.  After a brief pullback sparked by geopolitical tensions in the Middle East, the world’s largest cryptocurrency is trading just above $107,000, up about 2.2% over the past 24 hours. The rebound reflects both technical strength and renewed institutional appetite — most notably from Strategy Inc. ( MSTR ), which disclosed a fresh $1.05 billion bitcoin purchase Monday. Strategy, the software firm turned crypto bellwether chaired by Michael Saylor, said it acquired 10,100 bitcoins between June 9 and June 15. The company now holds over 592,000 BTC — worth roughly $63.3 billion — making it the largest corporate holder of bitcoin by a wide margin. Saylor, a vocal advocate of bitcoin as a treasury asset, reaffirmed his commitment to the firm’s long-term strategy: “Buy and hold BTC indefinitely.” To fund the purchase, Strategy issued $979.7 million in preferred shares (STRD) and executed additional at-the-market (ATM) sales of STRK and STRF s...

Coinbase Global ( COIN ), the largest publicly traded cryptocurrency exchange in the U.S., will officially join the S&P 500 index on May 19. This marks the first time a crypto-native company secures a place in America’s most influential stock benchmark. The move not only catapults Coinbase into elite corporate territory but also represents a watershed moment for the broader digital asset industry. Shares of Coinbase surged as much as 24% following Monday evening’s announcement, touching $254.84 on Tuesday and adding more than $8 billion to its market cap, which now stands at approximately $52.7 billion. The company will replace Discover Financial Services (DFS), which is being acquired by Capital One in a $35.3 billion all-stock deal. Analysts hailed the decision as a milestone for crypto. “It is a watershed moment for Coinbase and the industry,” wrote Oppenheimer’s Owen Lau, who raised his price target for COIN to $293. “Lack of deep institutional ownership was a bear thesis for C...

Cryptocurrency markets rebounded sharply last week, fueled by a wave of institutional investment into Bitcoin-related exchange-traded funds (ETFs). Funds tracking Bitcoin and Ether attracted over $3.2 billion in inflows, Bloomberg data show. The iShares Bitcoin Trust (IBIT) led the charge, securing nearly $1.5 billion — its largest weekly intake this year. Other Bitcoin-focused ETFs, including ARK 21Shares Bitcoin ETF (ARKB) and Fidelity Wise Origin Bitcoin Fund (FBTC), also reported substantial inflows of $620 million and $574 million, respectively. Ether products, meanwhile, posted their first net inflows since February, signaling a broader revival in digital asset markets. Bitcoin prices rallied approximately 10% last week, climbing toward $94,000, the best performance since the days following the U.S. presidential election. The resurgence came as risk assets broadly advanced, with the S&P 500 gaining 4.6% amid hopes of easing trade tensions. “Net spot ETF inflows, which are a b...

GameStop Corp. ( GME ), the video-game retailer that captured headlines during the meme stock mania of 2021, announced that its board has approved a policy to add Bitcoin as a treasury reserve asset. The decision, revealed alongside the company’s fourth-quarter earnings report, triggered a 14% surge in GameStop shares on Wednesday. While GameStop’s financial results showed ongoing challenges, including a 28% drop in revenue year-over-year to $1.28 billion, the company’s leadership is turning to Bitcoin in a bid to diversify its financial strategy. Adjusted earnings per share came in at $0.30, beating analyst expectations by $0.22, though sales still lagged estimates. Following the MicroStrategy Model The decision to adopt Bitcoin echoes the playbook of MicroStrategy Inc. ( MSTR ), which made headlines for accumulating over $40 billion in Bitcoin. CEO Ryan Cohen had teased the move last month by posting a photo with MicroStrategy Executive Chairman Michael Saylor, a vocal Bitcoin ad...