Core Scientific and CoreWeave Announce $9B Merger Amid Bitcoin ETF Inflows and Market Reactions
2025-07-11 20:20:51
Main Idea
Core Scientific and CoreWeave announce a $9B merger, while Bitcoin ETFs see significant inflows, highlighting major shifts in crypto investment and mining.
Key Points
1. Core Scientific and CoreWeave merge in a $9 billion all-stock deal, combining Bitcoin mining and AI capabilities.
2. Bitcoin spot ETFs recorded $1.17 billion in net inflows, with BlackRock’s iShares Bitcoin Trust (IBIT) attracting nearly half of the total.
3. BIT Mining shifts focus to Solana treasury, causing a surge in its stock price before settling at $4.34.
4. MicroStrategy pauses Bitcoin purchases for the first time in three months, coinciding with a $4.2 billion preferred stock offering.
5. Ego Death Capital launches a $100 million fund for Bitcoin startups, signaling growing institutional interest.
Description
Core Scientific and CoreWeave have announced a monumental $9 billion all-stock merger, signaling a significant consolidation in the crypto and AI sectors. Meanwhile, Bitcoin ETFs experienced a massive influx of
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