OneLiners
BlackRock Records $1.26 Billion Sale of IBIT
A major investor reportedly exited a position in BlackRock's spot Bitcoin ETF, IBIT, through an OTC deal worth $1.26 billion. On May 26, 29.21 million shares of IBIT were transferred off-exchange at $43.16 per share. The total transaction was approximately $1.26 billion. The price was $1.01 below the fund's market value of $44.17, with a discount of 2.3% and estimated execution losses of about $29.5 million.HYPE Price Hits All-Time High Near $74
On June 1, HYPE prices reached a record high of $73.79. Over the past 30 days, the Hyperliquid token's price has surged by 77%, despite the bear market. The asset has secured the ninth spot in the market capitalization ranking with a value of approximately $18.4 billion.Cost of Building AI Data Centers in the US Rises by 50%
In recent years, the average cost of constructing AI data centers in the US has increased from approximately $8 million per megawatt of capacity to $11.5-12 million. Core Scientific CEO Adam Sullivan attributed this primarily to rising labor costs, equipment shortages, and stricter technical requirements. Despite the worsening business economics, he believes that deals for creating large-scale data centers from the design stage will be made with a margin of 12-14%.SEC Sues Over $12.3 Million Crypto Scheme Involving Fake AI Bots
SEC charged Privvy Investments founder Nathan Fuller with orchestrating a $12.3 million fraudulent scheme. The entrepreneur attracted funds from about 150 investors, promising returns of up to 100% through arbitrage trading with AI bots that did not function properly. Fuller misappropriated at least $6.2 million and used $5.5 million for payouts in a Ponzi scheme.We use cookies to improve the quality of our service.
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