15 Aug 2025, 16:53

Darknet Founder Held in Bitcoin Case Linked to Czech Minister’s Resignation

Tomas Jirikovsky , the creator of the darknet site Sheep Marketplace, has been detained in the Czech Republic over a Bitcoin transfer linked to the resignation of Pavel Blazek , the country's former Justice Minister.

15 Aug 2025, 16:53

OpenAI wants to invent new financial instruments to fund AI buildout

OpenAI CEO Sam Altman told reporters on Thursday that the company plans to spend trillions of dollars to build the infrastructure needed to run advanced artificial intelligence. The conversation, which took place with Bloomberg over dinner, covered OpenAI’s funding plans, the messy rollout of GPT-5, ChatGPT’s growth, privacy concerns, and a potential browser acquisition. Sam said people should “expect OpenAI to spend trillions of dollars on infrastructure in the not very distant future.” He didn’t hide the fact that economists and analysts will probably call it reckless. He said, “We’ll just be like, ‘You know what? Let us do our thing.’” OpenAI wants to invent new financial instruments to fund AI buildout OpenAI doesn’t yet have those trillions in its bank account. Instead, Sam said they’re working on creating a “very interesting new kind of financial instrument” that doesn’t currently exist. The goal is to finance computing and infrastructure costs without relying on traditional fundraising routes. “We’re working on it,” he said. Earlier this year, in January, Sam stood beside Masayoshi Son of SoftBank and Larry Ellison of Oracle at the White House to announce Stargate, a $500 billion plan to build AI infrastructure over four years. That figure already dwarfs anything happening in the crypto industry, but Sam said OpenAI now expects to spend far more than that. Stargate, in his view, is just the beginning. Sam also discussed how OpenAI could eventually go public to fund part of this plan. He admitted a public offering is likely at some point. “I do think we have to go public someday, probably,” he said. But he also said he’s not sure he’s the right guy to run a public company, saying he’s not “well-suited” for that kind of role. At the moment, OpenAI is still deep in a corporate restructuring process that’s been dragging on for months. The conversation also touched on what Sam called an irrational hype cycle. He compared the AI craze to the dot-com bubble of the late 1990s, saying both saw smart people getting way too excited about a new technology. But he added that AI, like the internet, is real and will have a lasting impact. “Are we in a phase where investors as a whole are overexcited by AI? In my opinion, yes,” Sam said. “Is AI the most important thing to happen in a very long time? My opinion is also yes.” Sam Altman admits GPT-5 rollout failed, says OpenAI is learning Another major topic at the dinner was the GPT-5 rollout, which hasn’t gone well. Sam said OpenAI made serious mistakes when it launched the model last week. He admitted the company “totally screwed up some things on the rollout.” GPT-5 had been hyped up for months, but users complained about everything from the chatbot’s new tone to the removal of older models they preferred. Some users were frustrated by the writing style and personality changes in GPT-5. Others were angry that models they had grown attached to were quietly phased out. Sam said OpenAI didn’t fully understand how emotionally attached people had become to the product. He said: “We’ve learned a lesson about what it means to upgrade a product for hundreds of millions of people in one day, and the differences in the kinds of attachment people have with this product versus previous products.” He also talked about possible new features for ChatGPT, like encrypted chats to improve privacy. There’s no official launch date for that, but it’s something the company is considering. Another topic that came up was OpenAI’s interest in buying Google Chrome if a federal court forces Alphabet to spin it off. Sam confirmed OpenAI still wants it. Owning the world’s most-used browser would give OpenAI a direct line to billions of users. Still, Sam acknowledged that the hype has created unrealistic startup valuations. Some companies are pulling in absurd amounts of money without delivering results. “Someone’s gonna get burned there,” Sam said. The smartest crypto minds already read our newsletter. Want in? Join them .

15 Aug 2025, 16:48

Deribit, Acquired by Coinbase, Announces New Bitcoin (BTC) and Ethereum (ETH) Today!

Deribit, the world's largest crypto derivatives exchange, announced that it will launch Bitcoin (BTC) and Ethereum (ETH) options settled in USDC. Deribit, recently acquired by Coinbase, the largest cryptocurrency exchange in the United States, announced on August 19 that it will launch linear Bitcoin and Ethereum options priced and settled in USDC, in addition to futures, according to The Block. Deribit’s announcement of USDC for BTC and ETH comes just over a year after integrating USDC-calculated linear options for altcoins like Solana (SOL) and XRP. Deribit CEO Luuk Strijers commented on the latest announcement: The positive response and growing demand for stablecoin options in the altcoin space demonstrates that the market is ready for more flexible and accessible derivative products. Continuing this momentum, Deribit has expanded its linear options offering to include BTC and ETH. The introduction of linear options for BTC and ETH is a significant milestone in our mission to deliver institutional-grade products tailored to our clients' evolving needs. By expanding to USDC, we are providing greater flexibility, capital efficiency, and a familiar fiat-equivalent structure that appeals to both institutional and individual participants.” Deribit also added that BTC and ETH linear options settled with USDC will have smaller minimum order sizes (0.01 BTC and 0.1 ETH) to increase accessibility. *This is not investment advice. Continue Reading: Deribit, Acquired by Coinbase, Announces New Bitcoin (BTC) and Ethereum (ETH) Today!

15 Aug 2025, 16:45

Galaxy Digital’s Bold $1.4B Move: Transforming Crypto Mining Facility into AI Powerhouse

BitcoinWorld Galaxy Digital’s Bold $1.4B Move: Transforming Crypto Mining Facility into AI Powerhouse In a significant strategic move, Galaxy Digital (Nasdaq: GLXY) is making headlines by securing a substantial $1.4 billion in debt financing. This isn’t just about raising capital; it’s about a fundamental pivot for the company. The funds are earmarked for an ambitious project: converting its prominent Helios facility , originally a large-scale crypto mining facility in Texas, into a cutting-edge AI data center . This decision highlights a growing trend where companies are adapting their infrastructure to meet the surging demand for high-performance computing. Why is Galaxy Digital Shifting from Crypto Mining to AI? For years, the Helios site served as a cornerstone of Galaxy Digital’s cryptocurrency mining operations. However, the digital landscape is constantly evolving. As the demand for artificial intelligence capabilities skyrockets, driven by advancements in large language models and complex data processing, the economic incentives are shifting. Galaxy Digital previously announced its intention to transition its mining operations to AI computing back in November of last year, recognizing the immense potential in this burgeoning sector. This strategic shift allows Galaxy Digital to: Capitalize on new growth opportunities: The AI market offers robust, long-term revenue streams. Optimize existing infrastructure: Re-purposing the Helios facility leverages existing power and cooling setups. Diversify its business model: Moving beyond the volatility often associated with pure crypto mining. The CoreWeave Partnership: Fueling the AI Data Center Ambition A crucial element of this transformation is the long-term partnership with cloud computing company CoreWeave (Nasdaq: CRWV). Galaxy Digital has entered into a 15-year exclusive lease agreement with CoreWeave, which will be the primary occupant and user of the transformed AI data center . This collaboration provides a stable, long-term revenue stream for Galaxy Digital and ensures the immediate utilization of the upgraded facility. CoreWeave specializes in high-performance computing (HPC) for AI workloads, offering GPU-accelerated cloud services. Their expertise complements Galaxy Digital’s infrastructure capabilities, creating a powerful synergy. This partnership is not merely a lease; it represents a shared vision for advancing AI infrastructure. Understanding the $1.4 Billion Debt Financing The substantial $1.4 billion in debt financing is the financial engine driving this ambitious conversion. This funding will specifically cover the costs associated with retrofitting the crypto mining facility into a state-of-the-art AI data center, fulfilling the terms of the CoreWeave lease agreement. Debt financing, in this context, allows Galaxy Digital to retain equity ownership while securing the necessary capital for a large-scale infrastructure project. Key aspects of this financing include: Significant investment: Demonstrates confidence from lenders in the AI data center market. Strategic allocation: Funds are directly tied to the conversion and partnership obligations. Future-proofing: Positions Galaxy Digital at the forefront of AI infrastructure. What Does This Mean for Galaxy Digital’s Future? This pivot marks a pivotal moment for Galaxy Digital . By transitioning its Helios facility from a crypto mining operation to an advanced AI data center , the company is strategically aligning itself with the future of technology. This move not only promises enhanced revenue stability through the CoreWeave partnership but also establishes Galaxy Digital as a significant player in the high-demand sector of AI infrastructure. It reflects a forward-thinking approach to asset utilization and market adaptation, showcasing the company’s agility in a rapidly changing technological landscape. In essence, Galaxy Digital is not just converting a building; it is transforming its business model to capture the immense opportunities presented by artificial intelligence, leveraging its existing assets for a new era of digital innovation. This post Galaxy Digital’s Bold $1.4B Move: Transforming Crypto Mining Facility into AI Powerhouse first appeared on BitcoinWorld and is written by Editorial Team

15 Aug 2025, 16:45

Why the Next Few Months Could Be a Turning Point for Altcoin Holders

Bitcoin dominance has been constantly dropping since May. Just a few days ago, Ethereum spot ETFs pulled in $524 million . Altcoins now account for 83% of futures volumes, compared to just 17% for Bitcoin . Bitcoin dominance has been constantly dropping. During May it was near 65% and now it has dipped to 58.7%, which has caused a stir in altcoins market. This implies that the capital is beginning to flow into altcoins, which is a good sign that an altcoin season is coming. Then, there is the most well-known altcoin, Ethereum, which is catching up to its all-time high, needing only about a 4% boost to reach that goal. This is largely fueled by big institutional interest, where just a few days ago, Ethereum spot ETFs pulled in $524 million. Also, with growing expectations for a Federal Reserve rate cut in September and a general increase in market liquidity, altcoins are likely to see some of the biggest price jumps. They are largely known to be more volatile, so when the market is doing well, altcoins often go up much faster than the broader market. Interestingly, according to CryptoQuant , altcoins now account for 83% of futures volume, compared to just 1… The post Why the Next Few Months Could Be a Turning Point for Altcoin Holders appeared first on Coin Edition .

15 Aug 2025, 16:45

XRP Analysts Target $10.47 as Long-Term Bullish Cycle Persists

Analysts stress XRP’s macro cycle remains bullish if monthly closes stay above $2.00. Price targets set at $3.33, $4.36, and $5.85, with a long-term view toward $10.47. Key supports at $3.00, $2.85, and $2.64 could sustain momentum before major rallies. The recent price dip in XRP has prompted several well-known analysts to remind investors to maintain a broader perspective. As XRP trades near $3.11 , recording a 3.36% decline in the past 24 hours and over 6% in the past week, the market sentiment has shifted. Macro Views and Key Thresholds EGRAG CRYPTO has emphasized that as long as XRP’s monthly candle stays above the $2.00 mark, the macro bullish cycle remains intact. The analyst points to historical patterns where the final stage of each cycle formed a bull flag, signaling strong upward momentum ahead. EGRAG urged the community not to react to every minor price change, instead focusing on structural trends that could position investors advantageously in the long run. #XRP – MACRO Perspective: Stay Calm & Focused ! I know many of you are new to this space, whether it's investing, trading, or navigating risks in general. I respect each and every … The post XRP Analysts Target $10.47 as Long-Term Bullish Cycle Persists appeared first on Coin Edition .