TeraWulf's Q1 2026 Net Loss Surged to Over $427 Million, With AI Compute Revenue Beating Bitcoin Mining

Christopher Harborne, a Thailand-based investor in crypto firms, donated $11.4 million to Nigel Farage's Reform UK, surpassing other British political parties in fundraising. Harborne, linked to Tether's parent company, has a history of significant donations to political parties.

Malaysian authorities are cracking down on Bitcoin mining operations stealing power from the grid using drones and handheld sensors. A special committee was formed to target illicit actors, resulting in the shutdown of almost 2,400 operations and the discovery of 14,000 illicit mining operations over the past five years.

Meta is considering budget cuts of up to 30% in its metaverse division, including Horizon Worlds and Quest headset unit, due to slow industry adoption. The virtual reality group is expected to face the biggest reductions, with potential layoffs.

Shareholders have approved the business combination between Twenty One Capital, Inc. and Cantor Equity Partners, with the merger expected to close on December 8 pending SEC conditions. The merged entity will operate as Twenty One Capital, trading on NYSE with ticker symbol XXI.

Aave governance has decided to remove Sky's USDS as collateral due to negligible revenue generation and asymmetric risks. Another proposal suggests shutting down underperforming instances on three chains, aiming to focus on revenue-generating opportunities.

BlackRock CEO Larry Fink referred to Bitcoin as an asset driven by fear, highlighting its appeal as a hedge against debasement and financial insecurity. Fink's comments underscore Bitcoin's unique position in the investment landscape, contrasting it with traditional assets like equities and bonds.

U.S.-based spot XRP exchange-traded funds have seen 13 consecutive days of net inflows since their launch on Nov. 14, accumulating $874.28 million in total. The funds attracted $50.27 million in new capital on Wednesday, with a total trading volume of $31.53 million.

Thai authorities seized $8.6 million worth of Bitcoin mining equipment from seven operations suspected of supporting Chinese scam gangs in Myanmar. The raids revealed soundproofed containers with water-cooling systems, with operations traced back to Chinese networks.

Solmate, an Abu Dhabi-based infrastructure firm, is set to acquire RockawayX in an all-stock deal, creating a crypto group with over $2 billion in assets. The deal, expected to close in the first half of 2026, is subject to definitive agreements, regulatory approval, and shareholder consent.

Solana ETFs experienced their largest outflow of $32.19 million, with 21Shares' TSOL product accounting for the entire withdrawal. This trend follows two previous outflows since the ETFs launched in October, coinciding with the debut of a competing product by Franklin Templeton.