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According to Onchain Lens monitoring, whale Garret Jin sold 184,102 HYPE at a price of $73.58, receiving 13.54 million USDC and profiting $2.83 million. Garret Jin holds a 5x BTC long position with an unrealized loss of $13.2 million, and a 2x ZEC long position with an unrealized profit of $3.29 million.

According to ChainCatcher, citing a report from CoinDesk, VanEck has published a report stating that Bitcoin mining companies face a short-term funding gap of approximately $50 billion for transitioning to AI infrastructure, with long-term capital needs amounting to about $221 billion. Analysts noted that market focus is shifting from contract signings to execution risks. Currently, only around 25% of the leased AI and high-performance computing capacity has been delivered in the industry, and companies missing construction milestones face “structural downgrades” from investors. With mining profitability declining, Bitcoin mining companies are turning to AI infrastructure. Core Scientific has signed multi-billion-dollar hosting agreements with CoreWeave, and companies such as TeraWulf, Hut 8, Iren, and Cipher have also announced plans for AI and high-performance computing. VanEck pointed out that the clearest current valuation metric is the available operational power infrastructure, with companies holding AI lease contracts valued at more than ten times their operational power. The report believes that HIV E, Bitdeer, Keel, and IREN have potential upside, whereas MARA, CLSK, and RIOT remain more closely tied to the Bitcoin price.

According to CoinDesk, several senators led by Republican Senator Cynthia Lummis have sent a letter to Treasury Secretary Scott Besant, requesting the Treasury Department to clarify the procedures and timeline for state-level stablecoin regulatory certification under the GENIUS Act, and to issue written guidelines to standardize the application, review, and certification process.