Author: James Wilson

Applied Digital closed a Goldman-led $300M senior secured bridge loan to accelerate its next 150 MW AI data center, layering it on top of $2.15B in notes and a $7.5B hyperscaler lease. Summary Applied Digital has completed a $300 million senior secured bridge loan, led by Goldman Sachs, to help fund construction of a new AI data center campus. The facility is secured by project assets, carries standard market terms, and can be repaid early without penalty as the company lines up longer-term capital. The bridge comes on top of a previously priced $2.15 billion senior secured notes offering to…

Nasdaq-listed DeFi Development Corp has launched a $200M at-the-market equity program, pledging to issue stock only when it boosts “SOL per share” and fuels its Solana reserve strategy. Summary Nasdaq-listed Solana treasury vehicle DeFi Development Corp has launched a $200 million at-the-market (ATM) equity program to fund further SOL accumulation. The company says proceeds will primarily support its Solana reserve strategy and that it will only issue shares when doing so is “accretive” to the value of each shareholder’s SOL holdings. DeFi Development has previously used equity raises to scale its SOL treasury toward a long-term target of one SOL…

SOL Strategies is acquiring privacy-focused cross-chain aggregator HoudiniSwap for $18M in cash, notes, and stock as it builds an institutional Solana treasury and routing stack. Summary Nasdaq-listed Solana treasury firm SOL Strategies has agreed to acquire non-custodial cross-chain aggregator HoudiniSwap in a deal valued at $18 million. The consideration includes $8.25 million in cash, $5.75 million in six-month notes, and $4 million in STKE stock, priced off a 90-day VWAP. HoudiniSwap, which focuses on privacy-preserving cross-chain swaps and routing across CEXs, DEXs, and bridges, generated about $13 million in revenue last year. According to reporting from The Block, SOL Strategies has…

World Liberty Financial said it is filing a lawsuit against Tron founder Justin Sun for defamation. The project announced the case in a thread on X and accused Sun of running a media campaign against the WLFI token project. Summary WLFI says Justin Sun defamed the project after tokens linked to his entities were frozen. Sun previously sued WLFI, claiming the project froze tokens and removed his governance rights unfairly. The dispute now includes competing lawsuits, blacklist claims, governance concerns, and public online defamation allegations. WLFI claimed Sun spread false statements after the project froze tokens linked to his entities.…

Solana price is approaching a critical technical setup as momentum indicators begin to flip positive, raising the possibility of a breakout above the $90 level, where bulls have struggled in recent weeks. Summary Solana price trades around $86 within an $80–$92 range, with price consolidating just below key resistance near $90. Support near $75 remains intact, while tightly clustered moving averages signal compression and a potential breakout setup. Momentum indicators remain neutral, with no confirmed bullish crossover yet, leaving direction dependent on a decisive move above $90. According to data from crypto.news, Solana (SOL) price was trading around $86.20 at…

Anthropic is close to finalizing a roughly $1.5 billion joint venture with Blackstone, Goldman Sachs, and several other Wall Street firms to distribute artificial intelligence tools to private-equity-backed companies. Summary Anthropic is nearing a $1.5 billion joint venture with Blackstone, Goldman Sachs, and Hellman & Friedman to deliver AI tools to private-equity-backed companies. The platform will target sectors including finance, operations, and enterprise software, with leading partners committing up to $300 million each and Goldman Sachs adding about $150 million. The move comes as Anthropic explores a valuation above $300 billion, while rival OpenAI pursues similar private-equity partnerships amid rising…

Stablecoins may need a new public identity as their role expands beyond crypto trading, according to Robert Hackett, head of special projects at a16z crypto.  Summary A16z says stablecoins now serve wider payment and finance roles beyond basic price stability. Robert Hackett argued the term still reflects crypto’s volatility problem, not today’s broader use. The stablecoin name may remain, even as digital dollars and onchain assets gain adoption. In a May 1 report, Hackett said the word came from crypto’s early years, when builders needed tokens that could hold steady value during sharp market swings. He said the name once…

A U.S. court order has placed Arbitrum DAO’s planned use of frozen hack funds under legal restraint. Summary A U.S. court has blocked Arbitrum DAO from moving 30,766 ETH tied to the Kelp DAO exploit after plaintiffs linked the funds to North Korea. Lawyers representing terrorism victims have argued the frozen ether can be seized to satisfy over $877 million in unpaid judgments against the DPRK. According to filings authorized by the U.S. District Court for the Southern District of New York, plaintiffs served a restraining notice on May 1 through Arbitrum’s governance forum, blocking any movement of 30,766 ETH,…

The Ethereum Foundation has completed another over-the-counter ETH sale to BitMine Immersion Technologies.  Summary Ethereum Foundation sold 10,000 ETH to BitMine, marking its third OTC deal in two months. Community members questioned repeated ETH sales after the foundation also unstaked about $40 million in assets. The foundation says ETH sales support operations, grants, protocol research, and wider ecosystem development work. The move came as the foundation continued to face questions over its treasury activity, grant funding, and recent unstaking of ETH. The Ethereum Foundation sold 10,000 ETH to BitMine at an average price of $2,292 per coin. The deal was…

A newly disclosed Linux security flaw has drawn attention from U.S. cyber officials after researchers warned that attackers could use a small Python script to gain root access on affected systems. Summary CISA added Copy Fail to its exploited bugs list after reports of active Linux abuse. Researchers said attackers need prior code access before using the flaw to gain root rights. Crypto exchanges and nodes may review Linux exposure because many critical systems run affected distributions. The flaw, known as Copy Fail and tracked as CVE-2026-31431, affects many Linux distributions released since 2017. CISA has added the bug to…