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CoreWeave (CRWV) 17% surge lifts neocloud stocks as AI infrastructure outpaces crypto

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CoreWeave (CRWV) 17% surge lifts neocloud stocks as AI infrastructure outpaces crypto

CoreWeave (CRWV) shares surged 16% in pre-market trading on Wednesday after the company delivered stronger growth and raised its full-year outlook, lifting the broader neocloud market.

The AI infrastructure provider said second-quarter revenue more than doubled to $2.58 billion, narrowly beating expectations, while its net loss of $626 million was smaller than analysts projected. The company forecast third-quarter sales of $3.45 billion to $3.6 billion and increased its 2026 revenue guidance to between $12.4 billion and $13.2 billion.

IREN (IREN) and Cipher Digital (CIFR), both gained 5% as investors piled into companies positioned to benefit from accelerating demand for AI computing.

CoreWeave ended the quarter with $104 billion in contracted business and added more than $25 billion of customer commitments after the period closed. Management also said recently signed deals carried margins five to 10 percentage points above recent levels, reflecting scarce capacity and favorable pricing.

The results reinforce a widening market divide. AI infrastructure continues to attract capital, customers and premium valuations, while bitcoin and the broader crypto trade struggle to match that momentum as bitcoin trades below $64,000.

One overlooked group has added $1.78 billion of selling pressure to bitcoin market

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One overlooked group has added $1.78 billion of selling pressure to bitcoin market

That amount is smaller than the ETF outflows. But in financial markets, price is set at the margin. The most recent buyers and sellers, not the cumulative volume over months, determine where the price goes. In a downtrend, when buying interest is already weak, even relatively modest and steady selling can have an outsized impact.

“Early year sales from public miners are an underdiscussed contributing factor [in] Bitcoin’s poor price performance in 2026,” the research and analysis division of Blockware Solutions said in its latest newsletter.

Many of these companies are facing squeezed margins, with the average cost to produce one bitcoin at $74,300. In response, a growing number are pivoting into AI and using their secured high-voltage electrical capacity to support that shift.

At the same time, mining difficulty, the computational work needed to add a new block, has fallen about 18% from its November peak, marking the longest stretch of declining hashrate.

In other words, the exodus and AI pivot of several large miners has eased competition, making BTC cheaper to mine and boosting rewards for those still in the game, a classic free-market reset that could lure new miners back in.

“In other words, the rest of the miners are earning ~18% more Bitcoin now than they were 10 months ago. The exodus of the largest players in the industry is improving the economics for the miners that remain,” Blockware said.

SEC to Address Crypto Regulations in Absence of CLARITY Passage

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SEC to Address Crypto Regulations in Absence of CLARITY Passage

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.

All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details on our standards and processes, please read our Editorial Policy.

Where the money’s flowing in bitcoin and ether markets

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Where the money’s flowing in bitcoin and ether markets

The demand for this bullish exposure suggests some investors expect the ongoing choppy price action in BTC to end with a decisive move toward $70,000. Perhaps, they expect the CPI to come in softer-than-expected, lifting risk assets higher.

Economists currently expect the July report to show headline CPI rising 0.1% month-over-month and 3.4% year-over-year. Core CPI, which strips out food and energy, is forecast to rise 0.2% month-over-month and 2.5% year-over-year, according to consensus estimates from Reuters, Dow Jones, and Bloomberg surveys.

Other traders are less focused on direction and more interested in a jump in volatility.

“We reiterate our recommendation to accumulate December optionality, leveraging depressed implied volatility across the curve ahead of several key catalysts, notably updates on bipartisan Clarity Act negotiations, shifts in Middle East geopolitical risks, and potential monetary policy pivots,” TDX Strategies said.

“Structurally, we favour December strangles on BTC and SOL,” the firm added.

A strangle involves buying both a call and a put with the same expiration. The position profits if the price makes a large move in either direction. The maximum loss is limited to the combined premium paid and occurs only if the market stays relatively flat.

Volatility could expand quickly once bitcoin breaks out of its recent range, according to Jeff Anderson, managing partner at market-making firm STS Digital.

CFTC Orders Kalshi to Keep Operating Amid New York Lawsuit

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CFTC Orders Kalshi to Keep Operating Amid New York Lawsuit

The US Commodity Futures Trading Commission (CFTC) invoked its emergency authority on Tuesday, ordering prediction market Kalshi to continue operating.

The CFTC said that New York’s enforcement action and request for a temporary restraining order themselves constituted a market emergency and directed Kalshi to continue operating in accordance with its normal practices and the Commodity Exchange Act’s Core Principles.

New York’s requested temporary restraining order would bar Kalshi from operating a business offering contracts tied to sports, culture, elections and other events in or from New York or to people in the state. The CFTC said the order could prevent Kalshi from offering all event contracts nationwide because it is based in New York. According to the CFTC, New York is seeking at least $36 billion in compensatory damages pending an accounting.

The CFTC said the Commodity Exchange Act requires the commission to provide a uniform national derivatives market and that major disruptions threaten orderly trading and price discovery. CFTC Chair Michael Selig said Congress did not intend derivatives exchanges to face a “patchwork of state gaming laws.”

The confrontation is part of a broader national fight over whether the Commodity Exchange Act preempts state gambling laws as applied to event contracts traded on federally regulated exchanges.

CFTC challenges state oversight of prediction markets 

In the lawsuit filed on July 31, New York alleges Kalshi runs an illegal, unlicensed gambling business by offering contracts tied to sports, elections, culture and other events. The state is seeking restitution, disgorgement, damages and penalties, including a penalty equal to three times Kalshi’s alleged gains and $100,000 for each unauthorized sports wagering offer or attempt in New York.

Kalshi says states cannot shut down a federally licensed exchange, while the CFTC argues that the Commodity Exchange Act gives it exclusive jurisdiction over transactions involving swaps traded on designated contract markets, including event contracts Kalshi lists as swaps.

A federal judge in a separate New York case denied Kalshi’s request for a preliminary injunction on July 7, finding at that stage that New York gambling laws were not preempted by the Commodity Exchange Act as applied to Kalshi’s sports-event contracts.

Related: Judge stays CFTC’s case against US soldier over prediction market bets

In a separate federal case, the CFTC sued New York in federal court in April to block the state from applying its gambling laws to CFTC-registered contract markets. Judge Jed Rakoff denied without prejudice the agency’s emergency request for a temporary restraining order, finding that the CFTC had not established a high likelihood of success on the merits or a likelihood of irreparable harm.

The latest CFTC order directs Kalshi to continue operating but does not end New York’s lawsuit or resolve the underlying jurisdictional dispute. It is not a judicial ruling on whether federal law preempts state gambling enforcement. 

The dispute extends beyond New York. The CFTC said it has sued eight other states, along with New York, to defend its congressionally granted jurisdiction.

Magazine: The 100x obsession: Fundamentals grow in importance as crypto matures

Goliath Ventures Faces SEC, CFTC Suits Over $400M Ponzi

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Goliath Ventures Faces SEC, CFTC Suits Over $400M Ponzi

The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) filed separate civil lawsuits on Tuesday against Goliath Ventures and founder Christopher Delgado over an alleged crypto Ponzi scheme that raised about $400 million. 

The SEC said Goliath raised at least $425 million from more than 1,300 investors through an unregistered securities offering. Investors were told their money would be placed in crypto liquidity pools, but the agency alleged none of the funds or crypto assets were invested in the pools and Delgado diverted at least $51 million for personal use. 

In a separate action, the CFTC said about 1,600 customers contributed at least $397 million after Goliath solicited funds for crypto trading in Bitcoin and Ether.

Delgado has agreed to settle the SEC’s civil case, while the CFTC is separately seeking restitution, penalties and market bans.

Delgado previously pleaded guilty on June 30 to conspiracy to commit wire fraud, wire fraud and money laundering. The US Department of Justice said at the time that at least $400 million was paid to Goliath and that Delgado admitted causing at least $250 million in investor losses. He also agreed to forfeit properties, vehicles, luxury goods, bank accounts and crypto accounts traceable to the scheme. 

Delgado agrees to settle SEC case 

According to the SEC, Goliath promised monthly returns of 3% to 10%, generated from fees paid by traders using its liquidity pools, while guaranteeing investors’ principal. The complaint alleges the company instead used funds and crypto assets from new and existing investors to pay earlier investors and fabricated account balances and performance metrics. 

The SEC said Goliath paid commissions to sales agents who recruited investors. By November 2025, the company could no longer raise money quickly enough to meet obligations, stopped making monthly distributions and collapsed, according to the agency. 

Related: ‘I failed them’: Goliath Ventures CEO charged with crypto Ponzi apologizes

Delgado agreed to a bifurcated settlement, subject to court approval, that would permanently bar him from violating the securities-law provisions cited in the complaint. He would also be barred from participating in securities transactions except for certain transactions in his personal accounts and from acting as or associating with a broker or dealer.

The court will determine the amount of disgorgement, prejudgment interest and a civil penalty. 

Magazine: Japanese pension fund tips 1% in crypto, G7 urges action on NK hackers: Asia Express

If crypto goes back to the congressional drawing board, 3 Democrat women loom large

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If crypto goes back to the congressional drawing board, 3 Democrat women loom large

“I voted against the GENIUS and Clarity acts because they fail to adequately address abuse and instead open the door to corruption,” she said last year. “At a time when the current occupant of the Oval Office is personally benefiting from crypto and memecoin ventures, these bills do nothing to close conflict-of-interest loopholes.”

But if Waters and Brown are running the crypto show in the House, the White House will still have its same occupant. Even if the Democrats win a stronger majority than the narrow GOP advantage of the past two years, the next session could become a mess of go-nowhere, message-sending bills. If the party won the Senate majority, too, that wouldn’t help assure Democrats an ability to get legislation converted to law.

On the Senate side, Senator Warren has been among the crypto industry’s most prominent Capitol Hill detractors, trying to keep a steady spotlight on what she’s portrayed as the president’s crypto corruption. However, under her time as the ranking Democrat on the Senate Banking Committee, she watched her fellow Democrats go against her on crypto matters, gathering for negotiations on the legislation she opposed.

She may have more sway were she to lead the committee and control the advancement of her members’ bills. If she were to follow in the footsteps of the most recent Democrat who ran the banking panel, former Senator Sherrod Brown, she could go for years without allowing a crypto measure through the gate. (Brown, who was defeated by Republican crypto advocate Senator Bernie Moreno two years ago with the help of a massive $40 million crypto PAC boost, is also running again for the other Ohio Senate seat.)

CFTC orders Kalshi to continue offering prediction markets in New York after state lawsuit

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CFTC orders Kalshi to continue offering prediction markets in New York after state lawsuit

“New York intends to make event contract derivatives waste away under its iron curtain of state gaming laws before the courts get the chance to issue final rulings,” he said. “These are financial exchanges that offer financial instruments and operate across state lines. They match the bid from a resident of one state with the offer of a resident from another state and submit the trade to a clearinghouse that backstops the transactions of customers throughout the country. New York has no business regulating these interstate financial markets.”

The CFTC had previously sued New York over its stance on prediction markets.

New York sued Kalshi on July 31 after a federal judge ruled against Kalshi’s bid to block the state from filing a lawsuit. New York alleged that Kalshi was violating its state gambling laws by offering sports prediction markets.

“Kalshi has failed to obtain a license from the New York State Gaming Commission (Gaming Commission), sidestepping its obligation to pay taxes like licensed casinos and mobile sports gambling platforms do,” a press release from the state said. “This tax revenue from gambling regulation funds public schools, sports programs for underserved youth, and problem gambling education and treatment.”

Kalshi moved to transfer the case to federal court; New York moved to transfer the case back. The motions are currently awaiting a judge’s ruling.

BTC stuck at $63,000 as ETF inflows offset selling; CPI inflation looms

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BTC stuck at $63,000 as ETF inflows offset selling; CPI inflation looms

Bitcoin BTC$63,626.30 barely budged on Tuesday, extending a five-week standstill as steady demand from exchange-traded funds ran into selling from miners and corporate holders.

BTC slipped to around $63,500, down 0.6% over the past 24 hours. More importantly, the largest cryptocurrency remained trapped in the roughly $62,000-$66,000 range that has contained prices for much of the summer.

“Bitcoin’s recent price action has largely been driven by steady ETF inflows being offset by OTC selling from miners and Strategy (MSTR),” Paul Howard, senior director at trading firm Wincent, said.

Daily spot bitcoin ETF flows (SooValue)

Crypto trading volumes have fallen to their lowest levels in three years, he added, leaving little firepower to push BTC decisively in either direction.

Bitfinex analysts also pointed to the competing flows. ETFs and bitcoin treasury companies have been two major sources of price-insensitive demand, they said, but corporate treasury activity has recently provided offsetting selling pressure. That helps explain why BTC gained only about 2% last week despite strong ETF inflows and better performance across broader risk markets.

CPI could shake bitcoin from its slumber

Wednesday’s U.S. inflation report could finally give traders a reason to break the stalemate.

Brazil’s tokenization push draws in banking heavyweight Itaú

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Brazil’s tokenization push draws in banking heavyweight Itaú

Brazil’s biggest bank is taking another step into tokenized assets, adding to a growing list of the country’s financial heavyweights experimenting with putting traditional investments on blockchain rails.

Itaú Unibanco has started working with digital-asset infrastructure provider OpenAssets on a tokenization pilot run by Brazilian Financial and Capital Markets Association ANBIMA, the companies said Tuesday.

The project will test how fixed-income securities and investment funds can be issued, traded and settled using distributed-ledger technology, the firms said in a press release. The work will also examine the rules and technical standards needed for banks and asset managers to use such systems.

Itaú’s involvement gives the effort some heft. The São Paulo-based bank is Latin America’s largest lender, with more than $562 billion in total assets, according to S&P Global.

Tokenization has become one of Wall Street’s favorite use cases for blockchain technology, with banks and asset managers experimenting with putting bonds, funds, private credit and equities on digital ledgers. Citi has estimated that tokenized securities could grow into a $5.5 trillion market by 2030 as financial assets will move onto blockchain-based systems.

Brazil’s tokenization push

Brazil has emerged as a key hub for tokenization, with initiatives already stretching well beyond bank-run pilots. In July 2025, Brazilian credit structuring and securitization firm VERT Capital unveiled plans to tokenize as much as $1 billion of debt and receivables on the XDC Network. Brazil-based crypto exchange Mercado Bitcoin also shared plans to tokenize $200 million in assets on the XRP Ledger, including fixed-income and equity instruments.

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