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Crypto News Summary May 30
Crypto News Summary May 30: Ethereum weakens as Bitcoin stays steadier, while stablecoin growth, tokenization, and regulated expansion support outlook.
Bit Digital Backs WhiteFiber With $100M Loan
Bit Digital launched a $100M loan facility for WhiteFiber, linking terms to Ethereum staking yield as it expands AI and HPC infrastructure.
Rogo Raises $160M in Kleiner Perkins Round
Rogo raised $160M in a Kleiner Perkins-led Series D, signaling strong VC demand for enterprise AI tools built for finance workflows and compliance.
Cango Sells 2,000 BTC to Cut Debt
Cango sold 2,000 BTC in March to retire BTC-backed debt, raise $75M, and strengthen its balance sheet ahead of an energy and AI pivot.
Alibaba Unveils 10,000 Card AI Cluster
Alibaba unveiled a 10,000-card AI cluster, boosting China's compute capacity and cloud AI ambitions as competition with U.S. tech firms intensifies.
Origins Network Raises $8M for Verifiable AI
Origins Network raised $8M to build a modular AI chain with verifiable compute, aiming to prove AI tasks were executed correctly on shared infrastructure.
Bitfarms Shares Jump After $285M Loss
Bitfarms shares rose 6.6% despite a $284.5M 2025 net loss, as investors bet its pivot from Bitcoin mining to HPC and AI infrastructure will pay off.
MARA Jumps 10% After $1.1B Bitcoin Sale
MARA shares jumped ~10% yesterday premarket after selling 15,133 BTC for $1.1B to buy back $1B of 0% convert notes at a 9% discount, easing dilution fears.
Obex Deploys $1B Into Credit, Energy, AI Yield
Obex, backed by Framework, is deploying $1B into credit, energy, housing and AI infrastructure to bring real-world yield to Sky's USDS, easing circular DeFi APY.
Cango Dumps 4,451 BTC for $305M to Slash Debt and Finance Its AI Pivot
Cango sold 4,451 BTC for $305M last month to cut debt and fund an AI infrastructure pivot, shrinking its bitcoin treasury amid choppy mining markets in 2026.
Core Scientific Shares Slide After Q4 Miss as Revenue Drops 44%
Core Scientific shares slid after Q4 revenue dropped 44% to $79.8M, missing estimates; EPS loss widened as it shifts to HPC/AI hosting, despite BTC at 70K.
Bitdeer Shares Plunge 17% After Crypto Miner Unveils $300M Convertible Notes Offering
Bitdeer stock sank 17% after unveiling a $300M convertible senior notes raise (plus $45M option), stoking dilution fears as BTDR stays -29% YTD amid volatility.