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

Strategy issued $50 million in preferred stock to fund its latest Bitcoin purchase, maintaining common shareholders' stake as its market cap neared a crucial level. The company's premium against its Bitcoin stockpile was at its smallest in 20 months, signaling a shift in its funding strategy.

BitMine Immersion Technologies disclosed adding 110,301 ETH, worth $389 million, to its treasury last week. With a total of 3.5 million ETH, 192 Bitcoin, and $398 million in cash, the company aims to acquire 5% of ETH's total supply.

Bybit, the second-largest crypto exchange, is reportedly in discussions to acquire Korbit, one of South Korea's oldest exchanges. Regulatory softening in South Korea is enabling foreign firms like Binance to acquire local exchanges, as seen with the recent Gopax acquisition.

Bitcoin and Ethereum funds experienced over $1.17 billion in outflows last week, with BlackRock's iShares Bitcoin and Ethereum funds leading the withdrawals. The negative sentiment in the market was fueled by recent market fluctuations and uncertainty surrounding a potential rate cut by the Federal Open Markets Committee in December.

Coinbase is launching a new platform for token offerings, starting with Monad's sale on November 17. Investors will use USDC stablecoin to request tokens over a week, with allocations based on loyalty. The platform aims for broad distribution and rewards true supporters.

The Bank of England has proposed temporary limits on stablecoin holdings for retail and business users, with individuals allowed up to £20,000 and businesses facing a £10 million cap. The proposal aims to prevent sudden outflows from traditional bank deposits during the initial phase of adoption.

Hong Kong is set to issue government-backed digital green bonds denominated in multiple currencies, marking its third digital bond sale since 2023. These bonds, settled on blockchain platforms, aim to fund environmental projects, with HSBC providing the infrastructure. S&P has given the bonds an AA+ rating, highlighting a fail-safe for potential risks.

Crypto hardware wallet manufacturer Ledger is reportedly considering an IPO in New York or a private financing round in 2026. CEO Pascal Gauthier mentioned the plan in an interview with the Financial Times, citing increased demand for secure custody solutions due to rising crypto thefts and record revenues this year.

Bitcoin treasury firm Strategy has acquired a further 487 BTC for approximately $49.9 million, the company's Chairman Michael Saylor announced in a tweet. Strategy now holds some 641,692 BTC purchased for about $47.54 billion.

The Bank of England has published a proposed framework for regulating stablecoins that would cap retail users' holdings at £20,000, with businesses facing a £10m cap. Stablecoin issuers would be required to back at least 40% of their liabilities with unremunerated deposits at the Bank of England, with the remaining 60% held in short-term UK government debt.