Morgan Creek Digital to Raise up to $500M for New Web3 Venture Capital Fund
The new fund will target early stage opportunities in AI, blockchain technology, chips and data.
AI
Why AI’s Energy Use Isn’t Demonized Like Bitcoin’s
AI’s utility is more obvious to everyday people than crypto’s, and AI’s risks are so much greater that power consumption fears seem beside the point.
Top Crypto VC Says Ex-General Partner Made Undisclosed Side Deal With Portfolio Company
Polychain says Niraj Pant broke the fund’s policies by secretly accepting “adviser” tokens from Eclipse.
Private Equity Giants Are Circling Bitcoin Miners on AI Allure
Private equity firms are now looking at bitcoin miners in a much more different way after Core Scientific signed 200MW deal with CoreWeave in June, the company’s CEO said in an exclusive interview with CoinDesk.
Bittensor’s TAO Slides 15% After $8M Wallet Drain Attack
The blockchain was paused early Wednesday to contain the exploit, with security researchers suspecting a private key leakage.
Ora, Aiming to ‘Unlock Design Space for AI Dapps,’ Raises $20M
The project, founded in 2022, says it aims to incorporate AI into decentralized applications with its “on-chain AI oracle.”
Hut 8 Receives $150M Investment as Thirst for Energy Brings AI Firms to Bitcoin Miners
The funding came from Coatue Management, which is also an investor in CoreWeave, a cloud-computing firm looking to take over miner Core Scientific.
Bitcoin Mining Sector Is Attracting Growing Investor Interest Following Core Scientific Deal: JPMorgan
Iris Energy is best positioned to take advantage of the HPC/AI opportunity, the report said.
AI Tokens Led by FET, AGIX Surge as Nvidia Zooms to Become World’s Most Valuable Company
The AI-linked token sector has risen 14% in the past 24 hours, data shows, outperforming other sectors.
AI-Related Coins Slide as Google Search Shows Peak Retail Investor Interest
Spikes in crypto-related Google search queries have historically occurred at major market tops, validating legendary investor Warren Buffet’s mantra of buying in doom and selling in boom.