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Microsoft secures 900 MW AI capacity at Crusoe Texas campus with mid 2027 target

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Crusoe said Friday it is developing a new 900 megawatt AI factory campus in Abilene, Texas, to support Microsoft, expanding one of the largest AI infrastructure hubs in the US as hyperscalers race to secure power and data center capacity for next-generation AI workloads.

The new campus will sit next to Crusoe’s existing Abilene infrastructure and include two buildings plus an onsite power plant designed to support grid resilience. Crusoe said the addition will bring the site’s total projected capacity to 2.1 gigawatts, with land clearing already underway and the first building expected to be energized in mid 2027.

The move builds on Crusoe’s earlier Abilene expansion. In March 2025, the company said it was increasing the campus to 1.2 gigawatts across eight buildings, with the second phase then expected to finish in 2026. Crusoe has described the first Abilene phase as a 200 megawatt initial build that scaled into one of the biggest AI infrastructure developments in the country.

The announcement comes days after Microsoft agreed to lease a large data center in Abilene, Texas, from Crusoe, which was originally planned for Oracle and OpenAI. The leased capacity is about 700 megawatts, and the site sits adjacent to the Stargate campus, highlighting how quickly tenants and build plans are shifting in the AI infrastructure race.

That backdrop matters because Abilene has emerged as a strategic AI buildout zone. Recent coverage has tied the area to Stargate-related expansion efforts, while Crusoe has kept pressing ahead with its own campus growth and manufacturing push.

Crusoe said earlier this month it is also building a manufacturing facility for modular AI factories, underscoring how developers are trying to standardize and accelerate deployment as power becomes the main bottleneck.

Crusoe said the new Abilene campus is designed around energy availability first. It will feature 900 megawatts of behind-the-meter onsite generation, battery storage, ultra-high-density compute capacity, and closed-loop non-evaporative liquid cooling.

The company said the project is expected to create thousands of construction jobs and hundreds of permanent roles, while the first eight buildings of the existing campus are already expected to contribute meaningfully to Abilene and Taylor County tax revenue.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.

Bitcoin recovers to $67,400 after dipping below $65,200 as Houthis enter Iran war

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The war just got bigger. Bitcoin briefly got smaller.

Bitcoin dipped to $65,112 early Monday morning, its lowest level since the February crash, before recovering to $67,402 as Asian markets opened.

The 24-hour range of $65,112 to $67,389 reflects a market that sold hard on overnight escalation headlines and found buyers near $65,000, a level that hasn’t been tested since the war’s opening weekend five weeks ago.

Ethereum recovered 2% to $2,044, Solana gained 0.9% to $83.48, and XRP added 1.4% to $1.35. The 24-hour green across the board masks a rougher weekly picture though. BTC is still down 1% on the week, ETH 0.9%, XRP 1.9%, and SOL 3.7%. Tron is the one name sitting in green, up 2.6% in a day and 4.6% on the week, quietly outperforming the entire majors complex.

The escalation this time came from multiple directions simultaneously. Iran-backed Houthi forces entered the conflict, opening a new front beyond the direct U.S.-Israel-Iran theater. Additional U.S. troops arrived in the Middle East, fanning fears of a ground operation.

The Wall Street Journal reported Trump is weighing a military operation to extract uranium from Iran, though no decision has been made. And Iran attacked two aluminum production sites in the region, sending the metal up as much as 6% and extending the war’s economic damage beyond oil and into industrial commodities.

Brent crude rose 2.5% to around $115 a barrel, now up roughly 90% year-to-date. Asian equities fell sharply, with South Korea’s benchmark down 3.2% on a technology stock selloff and Japan’s Nikkei dropping 3.4%. S&P 500 futures pared losses and were trading roughly flat, suggesting some stabilization after the initial reaction.

The $65,112 low matters technically. That level is within range of the $64,000 low from Feb. 28, the day the war started. Bitcoin has spent five weeks building a pattern of higher lows on each escalation, from $64,000 to $66,000 to $68,000 to $69,400 to $70,596.

Monday’s dip below $66,000 is the first time in weeks the floor has moved lower rather than higher. Whether it recovers and re-establishes the uptrend or marks the beginning of a break below the range that has held since the war began is the question for the rest of the day.

Meanwhile, oil at $115 and aluminum spiking on direct attacks on production facilities means the inflationary impact is broadening beyond energy into industrial supply chains. That makes the Fed’s position even harder and the rate cut timeline even more distant.

South Asian Nation of Bangladesh’s Fintech Ecosystem in 2026

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In South Asia’s fintech story, Bangladesh has always been something of an outlier. Not because it lacks scale, but, because it has built that scale quietly, through infrastructure, inclusion and institutional alignment rather than headline-driven disruption.

When I last wrote about Bangladesh’s fintech ecosystem, the country was already emerging as a mobile money leader. In 2026, that narrative has deepened. What was once a payments-driven ecosystem is now evolving into a broader digital financial architecture-connecting banks, telecoms, government systems and millions of users across the country.

Digital Transformation as Economic Strategy

Dhaka is the capital and largest city of Bangladesh IMAGE SOURCE GETTY.

Fintech in Bangladesh is inseparable from the country’s wider digital transformation agenda.

Over the past decade, initiatives such as digital economic development strategy “Digital Bangladesh” have laid the groundwork for a technology-driven economy, focusing on connectivity, digital services and financial inclusion. That foundation is now translating into scale.

Mobile financial services (MFS) transactions alone reached approximately $158billion in 2024, reflecting a 28 per cent year-on-year increase. At the same time, Bangladesh has become a global leader in mobile money usage, accounting for a significant share of global transaction volumes and bringing digital financial services to a large previously unbanked population.

Government-led digital programmes are reinforcing this ecosystem. The launch of the Family Card Digital Welfare Platform this year, designed to deliver financial assistance through a unified digital system, reflects how fintech is being embedded into public service delivery.

This is a defining feature of Bangladesh’s approach: fintech is not operating on the margins; it is integrated into the country’s economic and social infrastructure.

Financial Services Sector: Digital Transformation at Scale

Bangladesh’s financial services sector has undergone a profound digital transformation over the past decade.

Traditionally bank-led, the system has evolved into a hybrid ecosystem where banks, mobile financial services providers and fintech platforms operate in parallel. Bangladesh Bank (the central bank) has played a key role in enabling this transformation.

Bangladesh Bank has allowed 28 banks to operate mobile financial services, creating a bank-led but technology-enabled framework for digital finance.

At the infrastructure level, the National Payment Switch Bangladesh (NPSB) has enabled interoperability across 57 banks, facilitating card, ATM and digital transactions across the financial system.

More recently, the central bank has moved further. Last year, it began developing the Interoperable Instant Payment System (IIPS), which is a unified platform designed to connect banks, mobile financial services providers and fintech platforms in real time.

Complementing this is the rollout of Bangla QR, a national QR payment system supported by banks, card networks and mobile financial services providers, with regulatory moves requiring merchants to adopt cashless payment options.

Together, these initiatives point to a clear direction: Bangladesh is building a fully interoperable, real-time digital payments infrastructure.

Fintech Ecosystem: Scale and Expansion

Bangladesh’s fintech ecosystem has expanded significantly in recent years.

Estimates suggest that the country now hosts over 300 fintech companies, with some industry bodies placing the broader ecosystem at over 500 startups, reflecting rapid growth across payments, lending and financial infrastructure.

This growth builds on earlier momentum.

The strength of mobile financial services providers such as bKash, Nagad and Rocket is notable with bKash alone serving tens of millions of users and acting as a cornerstone of the ecosystem.

Today, that ecosystem is diversifying.

Fintech companies are expanding into the likes of merchant payments and QR-based transactions, digital lending and small and medium-sized enterprises (SME) financing, API-driven financial services and cross-border remittances

This evolution reflects a broader trend: Bangladesh is moving from a payments-led fintech model to a more integrated financial services ecosystem.

Financial Inclusion: A Global Case Study with Remaining Gaps

The traffic of Dhaka is one of the worst in the world, according to the official statistics, every Dhaka resident averagely spend 3.5 hours on street each day. IMAGE SOURCE GETTY

Bangladesh is widely regarded as one of the world’s most successful examples of fintech-driven financial inclusion.

Mobile financial services have brought digital finance to millions, with adoption rates among previously unbanked populations increasing significantly. By 2024, digital financial services had reached a substantial portion of the population, helping reduce exclusion at scale.

Yet challenges remain. Despite progress, an estimated 60 per cent of the population remains unbanked or underbanked, highlighting persistent structural gaps.

The ecosystem also reflects a paradox. While digital payments are growing rapidly, Bangladesh remains a largely cash-dependent economy. Studies note that despite strong mobile money adoption, cash continues to dominate many everyday transactions.

For fintech providers, the opportunity lies in deepening usage, moving users from basic transfers to savings, credit and insurance products.

Partnerships and Ecosystem Momentum

Recent developments highlight the continued evolution of Bangladesh’s fintech ecosystem.

The central bank’s push towards digital banking licences represents a major structural shift, enabling fully digital banks to operate without physical branches.

At the same time, partnerships between fintech firms, banks and global payment networks are accelerating. The integration of Visa and QR-based payment systems, alongside API-driven platforms, is expanding interoperability and enabling more seamless transactions across the ecosystem.

Telecommunications infrastructure also plays a central role. Operators such as Grameenphone, which has invested over $4.1billion in network infrastructure, underpin the connectivity required for digital financial services.

These developments point to a clear trajectory: Bangladesh is moving towards a more integrated, globally connected digital financial system.

Bangladesh’s fintech ecosystem in 2026 is not defined by experimentation. It is defined by scale and by integration. The country has moved beyond building digital financial access. It is now constructing a digital financial architecture that connects institutions, services and users across the economy and boosting wider digital economic development.

Three Reasons Why Circle’s Stock Is Under Pressure

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In brief

  • Circle’s stock ended last week at $93.6, down roughly 26% from its pre-crash open near $126.
  • A Senate that could ban passive stablecoin yield directly threatens Circle’s dominant revenue stream.
  • Analysts say the decline reflects uncertainty about Circle’s business model, not just a market overreaction.

Circle Internet Group’s stock has shed roughly a quarter of its value over the past week, weighed down by three unresolved pressures that appear to challenge the core assumptions behind the company’s investment case.

It opened March 24 near $126, crashed 20% to close at $101, then posted a brief recovery the following session before sliding again over the next two days to end the week at $93, with three of the past four sessions closing in the red, according to historical data on Google Finance.

The drop from Tuesday last week came after two pieces of bad news that landed the same day: a Senate draft bill that could ban the returns Circle distributes to stablecoin holders, and an announcement from its rival, Tether, that it had hired a major accounting firm to audit its reserves for the first time.

Weeks before the decline, Circle was posting double-digit gains, surging roughly 60% since its Q4 earnings report. Analysts had also been broadly optimistic, with Clear Street raising its price target for Circle to $152 earlier this month.

But the Senate’s language on a possible yield ban and the Tether audit announcement remain unresolved, and both appear to have continued weighing on the stock in the sessions that followed.

The draft text is expected to be released publicly this week, arriving ahead of a Senate Banking Committee markup targeted for the second half of April, a deadline legislators have said the bill must clear to avoid stalling until after the midterm elections.

Under pressure

Circle’s stock decline points to broader uncertainty about Circle’s business model, and whether the factors behind the initial drop are temporary headwinds or something more structural, analysts told Decrypt.

“Passive yield is likely one of the biggest reasons retail users on Coinbase hold USDC,” Siwon Huh, researcher at Four Pillars, told Decrypt. “Replacing this with activity-based incentives would require building an entirely new user engagement structure.”

Activity-based rewards programs are structurally different from passive yield in that they require ongoing product investment, and returns diminish if “user engagement plateaus,” Huh explained.

If the Senate’s passive yield ban holds, the transition to activity-based rewards could take at least a year and cost Circle a chunk of its retail user base in the process, he noted.

Still, USDC’s circulation reaching record levels despite the broader market downturn suggests holders are drawn to it as a payments tool, which could mean the stock’s decline overstates the actual risk, Huh said.

If the yield ban holds, Circle’s USDC could lose “its core carry trade,” Dominick John, analyst at Zeus Research, told Decrypt, noting how its model would then shift to “usage-driven economics.”

Activity-based rewards “can drive flow,” but without a “yield engine,” this could mean “lower margins and weaker balance sheet stickiness,” he said, estimating that the transition could take two to four quarters to reset and up to 18 months to stabilize.

Beyond the yield ban, the Tether audit poses a separate competitive risk.

John estimates a successful Deloitte sign-off could put 5 to 15% of USDC’s institutional market share “at risk near-term,” mostly from yield-agnostic flows that can shift on liquidity and perception.

Anything larger would require “consistent proof of long-term reserves,” he noted.

Consensus around the CLARITY Act’s passive yield ban “makes it virtually impossible for stablecoin issuers to adopt a traditional bank-like deposit and profit-sharing model,” and this has become a key factor to capping Circle’s structural upside, Ryan Yoon, senior analyst at Tiger Research, told Decrypt.

Still, Circle’s strength lies in its deep integration with institutional finance and the broader B2B ecosystem, Yoon said.

Circle is “already firmly entrenched in the market” and has “sufficient financial runway to absorb regulatory uncertainties,” making the current slump difficult to read as a definitive decline in corporate value, Yoon said.

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OKX Integrates Aave on Ethereum L2 X Layer

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OKX’s X Layer is the 21st blockchain to integrate Aave, which recently surpassed the $1 trillion mark in cumulative lending volume.

Aave, the largest decentralized lending protocol with $23.5 billion in total value locked, has launched on X Layer, an Ethereum layer-2 blockchain launched by crypto trading platform OKX. 

It marks a significant milestone for X Layer, a blockchain with just $25 million in total value locked, which launched in 2024. The integration would allow OKX Wallet and X Layer users to lend, borrow and earn yield without needing to bridge out to another chain. 

“This is a very versatile expansion of our DeFi ecosystem and as such should benefit the full range of customers we have on X Layer,” an OKX spokesperson told Cointelegraph. 

X Layer launched in May 2024 in a highly crowded Ethereum layer-2 market. Like many of its competitors, X Layer is focused on scalability, offering $0.0005 transactions on average at one-second block times.

Other notable DeFi platforms integrated on X Layer include Uniswap for decentralized swaps, Chainlink for oracle services and Stargate for cross-chain money transfers.

Aave recently crossed a historic milestone

The integration comes as Aave surpassed the $1 trillion mark in cumulative lending volume in late February, marking an industry first.

Aave secures $23.5 billion in total value locked, enabling users to earn interest on deposits and borrow instantly using crypto as collateral. 

Aave is integrated on more than 20 chains, including Ethereum, Arbitrum and Base, and has over $40.4 billion worth of net deposits on the platform compared to Morpho’s $10 billion.

Related: Aave DAO backs V4 mainnet plan in near-unanimous vote

The $23.5 billion figure is more than three times Aave’s closest competitor, Morpho, in the DeFi lending market.

Aave has also taken in over $6.2 million in revenue over the last 30 days, more than five times that of second-place Morpho.

Magazine: Bitcoin may face hard fork over any attempt to freeze Satoshi’s coin