crypto

Yaël Bizouati-Kennedy8/14/25

TeraWulf howls on AI hosting deal, Google’s new 8% stake

TeraWulf jumped more than 32% in early trading this morning after it announced two 10-year $3.7 billion AI hosting deals with AI cloud platform Fluidstack. The agreement includes two five-year extension options, which could bring the total contract revenue to $8.7 billion if exercised.

Google will “backstop $1.8 billion of Fluidstack’s lease obligations” and will acquire 41 million shares of TeraWulf via warrants, representing an 8% stake of the company.

Under the high-performance computing colocation agreements, the bitcoin mining company will deliver 200 megawatts of IT load at its Lake Mariner, New York, data center.

“Fluidstack is proud to be a trusted provider of critical compute for the world’s leading AI labs. Our partnership with TeraWulf reflects our shared commitment to delivering rapid, scalable infrastructure for the AI frontier,” César Maklary, Fluidstack cofounder and president, said in the release.

The company also announced a long-term ground lease for 183 acres at the Cayuga site in Lansing, NY, a deal that “marks a major step forward in the company’s expansion of high-performance computing (HPC) and AI data center hosting.”

More Crypto

BitMine makes smallest purchase of ethereum as asset rises in the new year

Last week, BitMine accrued 32,977 ethereum tokens, bringing its total to over 4.1 million, more than double the combined stockpile of the next 10 ethereum treasury companies.

Construction site

crypto

Sage D. Young1/2/26

Meme coins are low-key back to start the year, with pepe taking the early lead in 2026 gains

The meme-based pepe is the fastest horse in the crypto race in the new year so far, with the price of the cryptocurrency increasing 34% in the last 24 hours.

The price swing resulted in the liquidation of nearly $9.9 million worth of pepe short positions in the last 24 hours, data from CoinGlass shows.

The frog-based coin has seen a 24-hour trading volume of nearly $1.6 billion and is not the only meme coin outpacing the broader crypto market.

Dogecoin, shiba inu, and PUMP have each risen between 8.4% and 10.9% in the last 24 hours, joining pepe as the top gainers in the period, a sign of life for meme tokens, which as a category lost more than half their value last year.

Yaël Bizouati-Kennedy

Citi analysts set bitcoin bull case at $189,000 in 2026

Citi’s base case 12-month forecast for bitcoin is $143,000, which is well above the asset’s current all-time high.

Cryptocurrencies Gain Popularity In Hong Kong

Yaël Bizouati-Kennedy12/15/25

XRP ETFs have now crossed $1 billion in assets since the funds launched, according to SoSoValue, which shows total assets of $1.18 billion.

In September, the SEC approved generic listing standards, which paved the way for speedier listings and opened the floodgates for these products, and shortly after, Rex-Osprey launched the first spot XRP ETF available in the US.

Canary followed suit in November, launching an ETF trading on the Nasdaq under the ticker XRPC, which saw a record $58.5 million in trading volume on its first day. It’s the largest XRP ETF in the US, with $342 million in assets.

Grayscale, Bitwise, and Franklin Templeton also launched their own XRP ETFs in November. On December 11, 21Shares joined the XRP fund party.

It’s a noteworthy green shoot in the crypto space, as bitcoin and its ETFs have struggled, and XRP itself is down nearly 15% over the past month.

Jake Hanley, managing director and senior portfolio specialist at Teucrium Investment Advisors — which launched the first-ever XRP-based ETF in April, the 2x Long Daily XRP ETF — told Sherwood News that he is not surprised to see this level of interest in the XRP ETFs.

“We have long held that XRP and the Ripple ecosystem present a unique investment case among crypto assets. Crossing the $1 billion mark is yet another signal of the significant vote of confidence investors have in this increasingly important asset and ecosystem,” Hanley said.

Yaël Bizouati-Kennedy

Bitcoin rebounds but FOMC will set tone for Santa rally

Bitcoin symbol

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