Core Scientific has secured a $3.3 billion junk bond deal to fund its transition from Bitcoin mining to AI data centers and to refinance existing debt. The move, announced in April 2026, marks a significant shift in the company's strategy amid ongoing industry changes. The deal underscores the growing investment in AI infrastructure within the crypto sector.
Ethereum's long-term price prediction rises to $250,000, contingent on ETH capturing a similar monetary premium as Bitcoin and gold. If Ethereum achieves this, it could significantly increase its value as a store of value. The prediction emphasizes Ethereum's potential to rival Bitcoin and gold in market perception and monetary worth.
Michael Saylor's firm, Strategy, now holds $62 billion worth of Bitcoin, making it one of the largest accumulators. The company has made significant purchases over time, contributing to its record Bitcoin holdings. The article highlights how Strategy's strategic buying approach has led to its substantial gains in the crypto market.
The UAE has become the sixth-largest sovereign Bitcoin holder with a $900 million investment, marking a significant move towards economic diversification. This strategic shift highlights the country's growing interest in cryptocurrencies and could impact global crypto market dynamics. The investment underscores the UAE's increasing role in the evolving digital asset landscape.
On April 21, bitcoin's price fluctuated between $75,000 and $77,000 amid geopolitical tensions, reaching a high of $76,944 following reports of U.S.-Iran talks in Pakistan. Market volatility led to the liquidation of 6,769 traders, totaling $97 million. The uncertain geopolitical environment contributed to the sharp price swings ahead of the US-Iran deadline.
Kalshi and Polymarket are competing to launch crypto perpetual futures, marking a shift from event-based betting to continuous derivatives trading. The move signals increased interest in expanding crypto derivatives markets, though specific launch dates and amounts have not been disclosed. This development highlights the growing focus on innovative financial products within the Web3 space.
Kalshi CEO Tarek Mansour will speak at the Bitcoin 2026 Conference on April 27 in Las Vegas, discussing prediction markets and Bitcoin. The session, a fireside chat with BTC Inc. CEO Brandon Green, is scheduled for 11:40 AM on the Nakamoto Stage at The Venetian Resort. Mansour is co-founder and CEO of Kalshi, a prediction market platform.
