OneLiners
Coinbase Launches Direct Rupee Transactions in India
Starting June 1, cryptocurrency exchange Coinbase enabled direct deposits and withdrawals in Indian rupees for users in India via the Immediate Payment Service (IMPS). Users can transfer funds directly from their bank accounts to Coinbase and withdraw them back without using P2P services or third-party intermediaries.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%.We use cookies to improve the quality of our service.
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