For years, Bitcoin miners were little more than leveraged bets on BTC prices. That\u2019s changing fast. As mining margins tighten and demand for AI computing accelerates, the industry\u2019s biggest players are discovering that access to power and data center infrastructure may be more valuable than hash rate.<\/p>\n
That shift gained further validation this week as Nvidia reportedly prepared a $20 billion bond sale to finance the next phase of its AI expansion, reinforcing the multi-year investment cycle that Bitcoin miners are increasingly positioning themselves to serve.<\/p>\n
Elsewhere, the tokenized real-world asset market continued to defy the broader crypto downturn, Ripple expanded its African payments push with an investment in Flutterwave and former FTX CEO Sam Bankman-Fried failed to overturn his fraud conviction.<\/p>\n
Nvidia\u2019s $20 billion bond offering reinforces Bitcoin miner AI pivot<\/h2>\n
Nvidia wants to sell $20 billion-worth of bonds to finance the next phase of its AI expansion, reinforcing the growth trend that has prompted Bitcoin miners to pivot toward AI and data center infrastructure.<\/p>\n
Bloomberg reported Monday that the chipmaker is pursuing a multi-part bond offering to fund AI-related investments and refinance existing debt. The longest-dated bonds are expected to offer considerably higher yields than comparable US Treasury securities.<\/p>\n
The sustained AI buildout has created new opportunities for Bitcoin miners, many of which are repurposing their energy-intensive facilities and power infrastructure for high-performance computing and AI hosting as mining economics remain under pressure. Companies including HIVE Digital, Hut 8, CleanSpark and TeraWulf are increasingly positioning themselves as AI infrastructure providers.<\/p>\n
\n Source: Cointelegraph<\/em><\/p>\n The tokenized real-world asset (RWA) market continues to grow despite broader crypto weakness, with the total value of onchain financial assets surpassing $43 billion \u2014 a 37% increase over the past six months, according to Token Terminal.<\/p>\n Tokenized funds make up the overwhelming majority of the RWA market, representing nearly 80% of all onchain financial assets, though commodities and tokenized stocks are gaining traction.<\/p>\n The sector\u2019s momentum comes as major financial institutions forecast significant long-term growth. Standard Chartered expects tokenization to help drive decentralized finance toward a $2.7 trillion market capitalization by 2030, while Citigroup projects tokenized RWAs could reach $5.5 trillion over the same period.<\/p>\n \n Source: <\/em>Token Terminal<\/em><\/p>\n Ripple has invested an undisclosed amount in Flutterwave, one of Africa\u2019s fastest-growing remittance companies, in a deal that values the fintech startup at $3.3 billion.<\/p>\n The transaction will bring Ripple\u2019s RLUSD stablecoin, Ripple Payments platform and XRP Ledger infrastructure to one of Africa\u2019s largest payment providers, which operates across 35 countries, as blockchain-based remittances continue to gain traction.<\/p>\n The deal marks another step in Ripple\u2019s push to expand its payments network across Africa, where demand for faster and lower-cost cross-border transfers is rapidly increasing. Last October, the company partnered with South Africa\u2019s Absa Bank to provide institutional digital asset custody solutions, further strengthening its presence on the continent.<\/p>\n \n Source: <\/em>Flutterwave<\/em><\/p>\n Former FTX CEO Sam Bankman-Fried failed to overturn his fraud conviction after a three-judge appeals panel in Manhattan upheld the verdict, finding that he received a fair trial.<\/p>\n \u201cWhile he \u200cwas publicly reassuring customers, investors and regulators \u200cthat FTX customer funds were safe, he was simultaneously using FTX as his own personal piggy bank, spending customer funds \u2060on real estate, \u2060political contributions, and investments,\u201d wrote Circuit Judge Barrington Parker.<\/p>\n Bankman-Fried was convicted on fraud and conspiracy charges tied to FTX\u2019s collapse and sentenced to 25 years in prison in 2024. As Cointelegraph reported, he has also formally applied for a presidential pardon from US President Donald Trump, with the request appearing on the Pardon Attorney website in early June.<\/p>\n \n Source: <\/em>Toby Cunningham<\/em><\/p>\n Crypto Biz is your weekly pulse on the business behind blockchain and crypto, delivered directly to your inbox every Thursday.<\/em><\/p>\n<\/div>\n <\/p>\n","protected":false},"excerpt":{"rendered":" For years, Bitcoin miners were little more than leveraged bets on BTC prices. That\u2019s changing fast. As mining margins tighten and demand for AI computing accelerates, the industry\u2019s biggest players are discovering that access to power and data center infrastructure may be more valuable than hash rate. That shift gained further validation this week as …<\/p>\n","protected":false},"author":1,"featured_media":34,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-33","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t![\"\"](\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-1582.png\")
<\/figure>\n<\/p>\nTokenized RWAs defy crypto bear market<\/h2>\n
![\"\"](\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-1583.png\")
<\/figure>\n<\/p>\nRipple invests in African payment company<\/h2>\n
![\"\"](\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-1584.png\")
<\/figure>\n<\/p>\nSam Bankman-Fried loses appeal<\/h2>\n
![\"\"](\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-1585.png\")
<\/figure>\n<\/p>\n