HUT News & Events

Bitcoinis holding above $72,000 on Thursday morning after briefly topping $73,000 in the prior session, as a pair of blockbuster deals signal that traditional finance is accelerating its push into digital-asset infrastructure. Spot bitcoin ETF inflows hit $462M on Wednesday, the third consecutive day of net buying led by BlackRock'sIBIT at $307M, while etherfunds drew $169M,.NYSE PARENT ICE TAKES BOARD SEAT AT OKX IN $25B TOKENIZATION BET:Intercontinental Exchange, the parent of the New York Stock Exchange, has taken an equity stake in crypto exchange OKX at a $25B valuation and secured a board seat,. Under the deal, OKX will supply ICE with a live crypto price feed and plans to allow users to trade tokenized NYSE-listed stocks and derivatives in the second half of 2026, while ICE continues to develop its own blockchain-based trading infrastructure. For equity investors, the transaction links a systemically important exchange operator directly to a major offshore crypto venue and advances the tokenization-of-equities narrative that has driven ICE shares and peer exchange stocks higher in recent quarters.CORE SCIENTIFIC SECURES UP TO $1B FROM MORGAN STANLEY AS MINERS LOCK IN CAPITAL:Core Scientificannounced it has secured up to $1B in strategic financing from Morgan Stanley, with a $500M initial close. The financing comes as the bitcoin miner pivots its data-center capacity toward high-performance computing and AI hosting, a theme that has driven a combined $11B surge in U.S.-listed miner market caps in recent months. Separately, BitFuFureportedthat it mined 227 BTC in February and held 1,830 BTC with 26.4 EH/s of deployed hashrate, while LM Funding Americasaid it mined a record 8.7 BTC in February, up 11.5% from January, but sold 18.1 BTC and reduced total holdings to 354.7 BTC,.CLARITY ACT STALLS AS TRUMP ATTACKS BANKS OVER STABLECOIN YIELD BAN:The CLARITY Act stablecoin bill hit a fresh impasse after White House-led negotiations ended without agreement on whether platforms like Coinbaseshould be permitted to offer yield on stablecoins,. President Trump publicly criticized banks for undermining his crypto agenda, telling supporters that financial institutions are "threatening" the industry by pushing for a total prohibition on stablecoin rewards,. Despite the legislative stalemate, the broader regulatory tone continued to shift, with the SEC and CFTC each submitting formal crypto-market-structure guidance to the White House for review,.BITCOIN TREASURY STRATEGIES PROLIFERATE ACROSS SMALL-CAP EQUITIES:The corporate bitcoin treasury trend extended further down-market. YY Group Holdingsannounced a long-term bitcoin treasury strategy, allocating excess cash to BTC as a reserve asset, citing scarcity and inflation-hedge potential,. DDC Enterprisegrew its BTC stash to 2,183 coins amid record revenue guidance, while Hyperscale Data, anchored by a bitcoin treasury strategy, said its askROI subsidiary deployed Anthropic's Claude Opus 4.6 AI model,., American Bitcoin Corp., the Hut 8subsidiary with Trump-family ties, disclosed two insider Form 4s showing directors purchased 2.1M shares, while Aurelion Inc.reported Q1 results for the first Nasdaq-listed Tether Gold treasury with a $108M NAV,.ON-CHAIN FLOWS SHOW BLACKROCK ACCUMULATION AND SHORT-WHALE LIQUIDATIONS:showed BlackRock withdrew a net 4,716 BTC, valued around $345M, and 21,147 ETH, valued near $45M, from Coinbase within a 13-hour window ending early March 5, a pattern consistent with IBIT custody accumulation rather than selling. Separately,an OG bitcoin wallet depositing 500 BTC worth approximately $36.4M to Binance after 8 months of dormancy., a potential sell-side signal, while CryptoQuant's Exchange Whale Ratio surged to 0.85 in late February, the highest in over a decade, before pulling back as of March 5,.GOLDMAN SACHS FILES BITCOIN-LINKED STRUCTURED NOTES; BNY MELLON HIGHLIGHTS TOKENIZATION:Goldman Sachsfiled a 424B2 prospectus for autocallable contingent coupon notes linked to the iShares Bitcoin Trust ETF, with risk factors explicitly discussing bitcoin, cryptocurrencies, and digital assets,. Bank of New York Mellonused its definitive proxy statement to highlight the launch of a tokenized money market fund solution and a stablecoin reserves fund among its 2025 accomplishments,. Both filings underscore that Wall Street's largest institutions are deepening their crypto infrastructure buildout even as bitcoin trades more than 40% below its October 2025 all-time high.PRICE ACTION:As of time of writing, bitcoin was trading at $70,997.06, while ether was trading at $2,063.71,.

Bitcoin(BTC-USD)reclaimed the $71,000 level Wednesday morning after days of selling pressure tied to the U.S.-Israeli strikes on Iran. Crypto-linked equities were surging in pre-market trading, with Strategy(MSTR)up 6.7%, Coinbase(COIN)up 5.6%, and Circle(CRCL)up 2.9%. Meanwhile,on-chain data showed the strongest weekly inflow into spot bitcoin ETFs since mid-January, 20,816 BTC over seven days, a sharp reversal from five consecutive weeks of outflows that defined February, perLookonchain.Underpinning the rally: a landmark Federal Reserve decision on Kraken, a presidential broadside against the banking lobby, and a continued stampede by former miners into AI infrastructure, all reshaping the investable crypto landscape in real time. Stay up on the crypto news that matters with Crypto Currents, daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.KRAKEN BECOMES FIRST CRYPTO BANK WITH FEDERAL RESERVE ACCESS:Kraken Financial, the Wyoming-chartered banking arm of crypto exchange Kraken, has been granted a Federal Reserve master account by the Kansas City Fed, the first digital-asset bank in U.S. history to gain direct access to the Fed's payment infrastructure, as reported byThe Wall Street Journal.The account gives Kraken direct connectivity to Fedwire, eliminating the need for intermediary correspondent banks when settling fiat transactions for institutional clients Kraken Financial operates on a full-reserve model, and the account carries an initial one-year approval with a phased services rollout, perReuters.Bloombergnoted that the account allows Kraken to "move money on rails reserved for licensed banks, a privilege that lenders have long monopolized" Kraken's parent Payward is not yet publicly listed but has filed a confidential draft IPO registration with the SEC following an $800M funding round at a $20B valuation, according to aFor equity investors, the move is the clearest signal yet that crypto firms are being woven into core U.S. financial plumbing, the same payment rails used by thousands of banks and credit unions, and any Kraken IPO would immediately become one of the largest crypto-native listings available to public-market investors.TRUMP ATTACKS BANKS, PUSHES CLARITY ACT AS STABLECOIN YIELD FIGHT INTENSIFIES:President Trump attacked the banking industry late Tuesday for obstructing crypto legislation, posting on Truth Social that banks should not "derail our robust Crypto Agenda" and urging Congress to pass the CLARITY Act "ASAP," withThe Wall Street Journal reportingthat the comments are escalating pressure on a stalled Senate bill The CLARITY Act, a market structure bill that passed the House last summer, has stalled over a dispute about whether crypto companies can offer yield on stablecoin holdings, banks argue this constitutes paying interest, a regulated banking activity, while crypto firms contend rewards are essential for stablecoins to compete. Journalist Eleanor Terrettreportedthat a Coinbase delegation including CEO Brian Armstrong visited the White House, signaling continued high-level engagement between the crypto industry and the administration The visit comes amid a public clash: JPMorgan (JPM) CEO Jamie Dimon this week toldCNBCthat crypto firms wanting to pay stablecoin rewards "should become banks," perDL NewsThe outcome directly affects COIN, CRCL, and every listed entity seeking to offer yield-bearing stablecoin products, stablecoins already account for roughly $1.35B in annual Coinbase revenue.IRAN CONFLICT RATTLES MARKETS AS CIRCLE GETS A RATE-DRIVEN BOOST:Bitcoin's rebound above $71,000 represented a surge of more than 5% from Tuesday afternoon levels as the Middle East conflict entered its fifth day,Bloomberg reportedBloombergalso reported that Iran's $7.8B cryptocurrency market is drawing fresh scrutiny, with Elliptic data showing outflows from Nobitex, Iran's largest exchange, surged 700% within minutes of the first airstrikes, and total outflows from Iranian exchanges reached roughly $10.3M between February 28 and March 2. Circle's premarket gain came after the stock surged over 20% this weekBarron'snoted that Mizuho raised its price target from $90 to $100, citing rising oil prices and fading Fed rate-cut expectations. Because Circle earns the bulk of its revenue from interest on U.S. government debt reserves backing USDC, a higher-for-longer rate environment is directly accretive, the stock had already rallied 62% over the prior week after a Q4 revenue beat of $770M, up 77% year-over-year.MINERS ACCELERATE AI PIVOT AS APPLIED DIGITAL PRICES $2.15B BOND AND CORE SCIENTIFIC DUMPS ALL BTC:Applied Digital(APLD)filed anSEC 8-Kannouncing the pricing of a $2.15B offering of 6.750% senior secured notes due 2031, with proceeds funding a 200-megawatt AI data center, Polaris Forge 2, in North Dakota leased to Oracle(ORCL)The facility is expected to generate roughly $5B in revenue over a 15-year contract period, asBloomberg reportedIn a related filing, Babcock & Wilcox(BW)disclosed viaSEC 8-Kthat it received full notice to proceed on a $2.4B power generation project to supply 1.2 gigawatts of electricity to Applied Digital's AI Factory campuses. Core Scientific(CORZ)expects to sell all remaining BTC by the end of Q1 2026, with funds earmarked for liquidity and its AI strategy, the company already sold 1,924 BTC from December through February for roughly $176M,Yahoo Finance reportsRiot Platforms(RIOT)reported record annual 2025 revenue, nearly doubling year-over-year, but Wall Street cut price targets, Cantor Fitzgerald lowered to $29 from $31 and Needham went from $30 to $24, citing rising mining costs.Riot's average cost per bitcoin mined jumped from $32,216 in 2024 to $49,645 in 2025 For equity investors, the question is whether these names should still be classified as crypto or AI infrastructure.BITCOIN TREASURY ARMS RACE HEATS UP WITH A WAVE OF WEDNESDAY FILINGS:A cluster of filings and press releases underscored the accelerating bitcoin treasury trend among publicly traded companies. Jiuzi Holdings(JZXN)announced a $1B plan to acquire 10,000 BTC via equity consideration, sending shares up 36%, per acompany press release.DDC Enterprise(DDC)announced viaSEC 6-Kthat its BTC treasury expanded to 2,183 BTC after purchasing an additional 65 BTC, alongside record 2025 revenue of $39-41M ProCap Financial(BRR)disclosed it repurchased 196,043 shares on March 3 and holds 5,457 BTC, ranking among the top 20 largest publicly traded corporate bitcoin holders, per.Hyperscale Data(GPUS)reported its bitcoin treasury at 610.92 BTC and is targeting a $100M bitcoin balance sheet via weekly dollar-cost averaging, perBarchart. MARA Holdings(MARA)drew attention after its 2026 10-K filing revealed an expanded bitcoin strategy that now permits the sale of BTC held on its balance sheet, not just newly mined coins, perYahoo FinanceMARA VP of Investor Relations Robert Samuels clarified on X that the policy change is not an intention to liquidate most reserves but allows periodic purchases and sales based on market conditions, perCryptoBriefing.MARA holds roughly 53,822 BTC. Separately, American Bitcoin(ABTC), the Hut 8subsidiary co-founded by Eric Trump, announced the purchase of 11,298 new miners adding approximately 3.05 EH/s to its fleet, per acompany press release.ETF FLOWS REVERSE, ARK BUYS THE DIP, AND WALL STREET BUILDS CRYPTO PLUMBING:U.S. spot bitcoin ETFs recorded a 4,046 BTC net inflow on Wednesday, approximately $290.89M, with the trailing seven-day total of 20,816 BTC marking the strongest weekly figure since mid-January and a sharp reversal from February's extended outflow streak, perLookonchainThe prior day, March 3, spot BTC ETFs took in $458.2M and spot ether (ETH-USD) ETFs added $38.7M, according toFarside dataARK Invest's Tuesday trade disclosures showed Cathie Wood purchased $16.15M in crypto-linked equities, 22,452 shares of Coinbase(COIN)($4.09M) and 158,587 shares of Robinhood(HOOD)($12.06M), across ARKK, ARKW, and ARKF, as reported byTraders Union. On the institutional infrastructure front, Tradeweb Markets(TW)led a $31M Series B at a $200M valuation for Crossover Markets, an institutional digital asset ECN, per acompany press release.Tradeweb CEO Billy Hult called it the firm's "entry into institutional crypto," with plans to provide global clients algorithmic order-routing access to crypto spot liquidity.REGULATORY LANDSCAPE SHIFTS FROM D.C. TO ANKARA:SEC Chairman Paul Atkins will headline Day 1 of the Blockworks Digital Asset Summit in New York on March 24-26, alongside BlackRock's Samara Cohen, Morgan Stanley's Amy Oldenburg, and Binance CEO Richard Teng, per acompany press release.Separately,Reuters reportedthat British and U.S. regulators are divided over how to test blockchain-based versions of financial securities, with Britain pushing for a more cautious approach in joint Transatlantic Taskforce talks. Turkey's parliament is considering a draft law that would impose a 10% withholding tax on crypto gains and a 0.03% transaction tax on crypto service providers, expected to generate at least $96M annually,Reuters reported.The CBOE BZX Exchange published aFederal Register noticeproposing listing criteria for options on multi-crypto ETFs, requiring each underlying asset to have at least $700M in average daily market value.PRICE ACTION:As of time of writing, bitcoin was trading at$73,055.88, while ether was trading at$2,146.07,.according to price data from TipRanks.