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CoreWeave’s attempt to acquire Core Scientific is met with resistance from Two Seas Capital, Core Scientific's largest shareholder, who believes the deal undervalues the company. The dispute is causing a rally in AI tokens and shining a light on the scarcity of centralized AI infrastructure, driving more interest in decentralized AI solutions.
Share link:In this post: Pinterest’s revenue beat expectations, but profit missed, and U.S./Canada user growth stayed flat, causing shares to drop 14%. The company is growing through AI, visual search, and shopping features, and expects up to $1.05 billion in Q3 revenue. Men now comprise over one-third of the firm’s users, with rising interest in wellness, fashion, tech, and finance.
Share link:In this post: Block Inc. raises 2025 profit forecast to $10.17b from $9.96b after a strong Q2. Shares surge 8% in after-hours trading following the upbeat outlook. Cash App gross profit jumps 16% to $1.50b, beating estimates, driven by Borrow, card spending, and BNPL.
Share link:In this post: Pete Bannon left Tesla after nearly a decade; he was the VP of hardware design engineering and led Dojo development. Elon Musk’s order shut down the Dojo team; engineers reassigned or left to form an AI startup called DensityAI. Tesla’s AI strategy pivots to external partners like Nvidia, AMD, and Samsung for compute and chip manufacturing.
- 23:29Polygon PoS completes hard fork and restores consensus finalityChainCatcher News, the Polygon Foundation announced that Polygon PoS has successfully completed a hard fork, with the Bor and Heimdall components upgraded to v2.2.11-beta2 and v0.3.1, respectively. Milestone and state synchronization are now functioning normally, and checkpoint processing and consensus finality have been fully restored. The official statement said that the network will continue to be closely monitored to ensure stable operation. As reported last night, Polygon: There was a temporary delay in transaction finality, and the issue is being resolved. .
- 23:18VanEck plans to apply for a Hyperliquid spot staking ETFJinse Finance reported, citing market sources, that VanEck plans to apply for a Hyperliquid spot staking ETF in the United States and launch related trading products in Europe. Hyperliquid is a Layer-1 blockchain launched in 2023, and its network revenue has ranked first for four consecutive weeks. VanEck stated that a portion of the product's net profit may be used for HYPE token buybacks; currently, this token is not listed on major U.S. exchanges. The ETF and ETP products are still subject to regulatory approval.
- 22:50US Senator: Crypto Market Structure Bill Expected to Pass This YearJinse Finance reported that U.S. Senators Cynthia Lummis and Kirsten Gillibrand stated that both parties are continuously advancing crypto market structure legislation, hoping to complete it by the end of the year. Previously, the Senate Banking Committee had set a target for the end of September, but progress has been delayed to October or even the end of the year. Gillibrand emphasized that Congress is currently facing fiscal cliff negotiations and that legislation should not have an “artificial deadline,” adding that no “red lines” have been drawn in the negotiations; Lummis, on the other hand, stated that “it must be completed by the end of the year,” describing the process as “like being pregnant for four years.” Democrats have proposed that the bill should include consumer protection, division of regulatory authority, and ethical provisions, prohibiting the president, vice president, and their families from profiting from crypto projects to prevent conflicts of interest. Gillibrand stressed that the ethical perspective is crucial for industry trust, while Lummis believes that restrictions on officials’ investments should be legislated together with other securities, rather than targeting crypto specifically.