Crypto Weekly: Bitcoin's All-Time High, Core Scientific Acquisition, and Russian Cross-Border Payments

Bitcoin Reaches New All-Time High

• 🚀 Bitcoin surged to an all-time high near $112,000 on Wednesday, driven by increased investor risk appetite.
• 📈 The cryptocurrency has seen an 18% rise since the start of the year.

AI Firms Acquire Crypto Infrastructure

• 🤝 Coreweave is set to acquire crypto miner Core Scientific in an all-stock deal valued at approximately $9 billion.
• 💡 This acquisition highlights the race among AI infrastructure firms to secure energy and data center capacity.
• ⚡ Bitcoin miners, known for their energy-intensive operations, are becoming prime targets for AI companies expanding their computing infrastructure.

Emirates Explores Crypto Payments

• ✈️ Dubai's Emirates airline has signed a preliminary deal with Crypto.com to enable customer payments through the platform's service.
• 🎯 The partnership aims to attract younger, tech-savvy customers who prefer digital currencies and is expected to launch next year.

Russia's Cross-Border Payment Solutions

• 🌐 Russian companies are effectively using netting, gold, and cryptocurrency to facilitate international payments, according to Russia's financial watchdog.
• ⚖️ Netting involves banks managing export and import payments through verified agents, with transactions centrally balanced to ensure counterparties receive their funds.