Bitcoin surged to over $73,000 briefly on Thursday, according to CoinMarketCap data. The cryptocurrency rebounded from an initial dip following Netanyahu’s comments on Lebanon negotiations and is now maintaining a level just above $72,000.
The options market for Bitcoin reflects heightened optimism. June expiry contracts indicate that the $80,000 mark has attracted over $1.6 billion in open interest, representing a 10% increase from current levels.
Investors’ confidence could be bolstered by Strategy’s STRC performance. On Thursday alone, more than 3 million preferred shares were traded, raising capital sufficient to acquire upwards of 2,000 bitcoins, valued at approximately $144 million. This trend is expected to continue until the dividend cutoff date next Wednesday.
Galaxy Digital’s 2025 annual report revealed a headline net loss of $241 million, overshadowing its Digital Assets segment’s adjusted gross profit of $505 million. Consequently, GLXY shares climbed 11.3% on Thursday, marking it as one of the day’s best performers in crypto equity markets.
Mike Novogratz emphasized Galaxy’s pivot from crypto trading to AI infrastructure, notably transforming Helios campus into a facility leased to CoreWeave, projected to generate compute revenue starting in 2026.
Gemini is attracting acquisition interest for its EU and UK operations’ regulatory licenses rather than a full company takeover, as reported by CoinDesk. Following workforce reductions and operational exits, Gemini’s stock rose 11% on these reports but has since partially retreated.
Treasury Secretary Bessent intensified efforts to pass the Clarity Act amid Senate deliberations over stablecoin yields, following a critique from the White House Council of Economic Advisors that downplayed banking lobby arguments. A nod towards consensus may have been indicated by Brian Armstrong’s tweet in support of passing the bill.
Florida AG James Uthmeier initiated an investigation into OpenAI and ChatGPT due to concerns over safety and data security, ironically quoting AI should be used for advancement rather than destruction. Meanwhile, AI infrastructure faces challenges, with significant delays in data center projects amid legislative scrutiny and political shifts.