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US House Preps For Crypto Week; Core Scientific Tumbles; Bit Digital Ditches Bitcoin
Crypto stocks were highly active Monday. Shares of Core Scientific tumbled after the bitcoin miner closed an acquisition deal with CoreWeave. Cryptocurrency peers Bit Digital and IREN continued recent rallies that paralleled the Core Scientific news. Elsewhere, the House Financial Services Committee geared up for what it's calling the "Crypto Week" onslaught of cryptocurrency-based legislation. AI hyperscaler CoreWeave (CRWV) on Monday announced that it reached a deal to acquire bitcoin miner Core Scientific (CORZ) for $9 billion in an all-stock transaction. Per the deal, Core Scientific shareholders will receive ... (full story)
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