News linked to both this project and an event.
Odaily News: Sharon Yeshaya, Chief Financial Officer of Morgan Stanley, stated that tokenization and on-chain finance will become key evolutionary directions for its wealth management business.The company envisions a "tokenized world," where client assets and liabilities can flow as efficiently as capital through blockchain infrastructure, thereby reshaping asset allocation, lending, and cash management methods.Unlike viewing crypto as an independent business, Morgan Stanley plans to embed on-chain capabilities into its core service system, including investment advisory, financing, and liquidity management, to drive an upgrade of the overall financial architecture.This strategy is being gradually implemented through initiatives such as the digital asset pilot with ZeroHash and products like Bitcoin ETFs. Although the crypto business currently accounts for a small portion of the overall system, its position within the future wealth management framework is rapidly rising.
Odaily News Bitcoin Core developer Jameson Lopp stated that compared to potential future quantum computing attacks, he would prefer to "freeze" approximately 5.6 million long-dormant BTC from the network rather than letting them be acquired by attackers. These bitcoins have not moved for over 10 years and may be permanently lost, valued at around $420 billion at current prices. If future breakthroughs in quantum computing lead to the private keys of old addresses being cracked, these assets could be transferred again, potentially triggering severe market volatility or even a crisis of confidence. Although the community recently proposed BIP-361, the proposal is still in its early stages and is not a formally promoted solution, but rather more like a contingency plan for an "extreme risk." (CoinDesk)
Odaily News: Footwear retailer Allbirds has announced the sale of its sneaker business and a transformation into an AI computing infrastructure company named "NewBird AI." This news drove the company's stock price to surge by approximately 300% at one point.According to the announcement, Allbirds has agreed to sell its footwear brand to the American Exchange Group. The company will use a $50 million convertible note financing round to deploy GPU computing power and build AI infrastructure. This financing amount is roughly double the company's market capitalization of $22 million prior to the announcement.This move reflects the strong market demand for AI computing resources and the current supply shortage. Following Bitcoin mining companies pivoting to High-Performance Computing (HPC), small-cap companies are also beginning to attempt to enter the AI infrastructure sector. However, the convertible note financing may be converted into equity in the future, potentially creating dilution pressure for existing shareholders. (CoinDesk)
Odaily News TeraWulf announced the issuance of 47.4 million shares at $19 per share, raising approximately $9 billion to fund the construction of a large-scale data center campus in Hawesville, Kentucky, repay bridge financing, and support future expansion. Affected by the equity dilution from the financing, the company's stock price fell by about 5.8% during the trading session. The company also disclosed preliminary performance for the first quarter of 2026, expecting revenue to be between $30 million and $35 million, with approximately $3.1 billion in cash on hand and total debt of about $5.8 billion.TeraWulf's management pointed out that high-performance computing (HPC) hosting revenue now accounts for over half of its income, surpassing Bitcoin mining revenue for the first time, driving a shift in its revenue structure towards more stable, long-term cash flows. Analysts believe that while this financing round brings equity dilution, it helps support the expansion of AI infrastructure and enhances visibility for future growth. Overall, this move reflects the industry trend of mining companies accelerating their shift towards AI and high-performance computing to reduce reliance on Bitcoin price volatility and improve profitability stability. (CoinDesk)
According to The Block, Bitcoin mining company TeraWulf raised $900 million through a stock offering, with the funds earmarked for building AI data centers. Following the announcement, TeraWulf’s stock price declined.
Odaily News Michael Saylor's Bitcoin treasury company, Strategy, has raised funds through its perpetual preferred stock STRC that could purchase 26,334 Bitcoin within two days, representing approximately 0.15% of Bitcoin's total supply.Strategy currently holds a total of 807,231 Bitcoin.
Odaily News, according to informed sources, AI cloud platform FluidStack is planning to raise approximately $1 billion at a valuation of $18 billion. Situational Awareness, an institution led by Leopold Aschenbrenner, is in talks to participate and co-lead the round. The funding is expected to be used to accelerate Fluidstack's expansion in the fields of AI computing and cloud infrastructure. It is reported that Fluidstack has previously signed cooperation agreements with multiple Bitcoin mining companies, including TeraWulf, Cipher Mining, Hut 8, and others.
Odaily News Bitcoin treasury company Strategy's perpetual preferred shares, STRC, recorded approximately $1.1 billion in trading volume on April 13, representing a nearly 47% increase from the previous record. This has become a core financing tool for the company to accelerate its Bitcoin accumulation. Strategy raises capital by selling preferred shares like STRC and uses the funds for high-frequency Bitcoin purchases.Data shows that Strategy recently purchased 13,927 BTC for approximately $1 billion, bringing its total holdings to 780,897 BTC. The related funds primarily came from the issuance of over 10 million STRC shares. Within the overall capital plan, STRC, along with STRK, STRF, STRD, and common stock financing, constitutes its "42/42" financing framework. The goal is to raise $84 billion by 2027 for continuous Bitcoin purchases. Current market views suggest that STRC is gradually becoming the dominant instrument within this financing system. (The Block)
Liquid Capital founder Yi Lihua posted on X, stating that two of the world’s three largest countries are at war, while the third is facilitating peace negotiations; once an agreement is reached, there will be no justification for continued conflict, and markets are poised for a rebound. He noted that, over the medium to long term, global investors are watching for a potential financial crisis—Buffett and others are hoarding cash, and countries are increasing their gold reserves. If a crisis erupts, Bitcoin’s (BTC) safe-haven properties will be tested, yet it may also present a buying opportunity. Additionally, JackYi remarked that artificial intelligence (AI) technology is creating new opportunities for exceptional founders: small teams can now develop globally scalable products without requiring substantial funding or management overhead. He advised experienced entrepreneurs to actively seize the AI wave.