Crypto Mining Stocks Rally

CRYPTO
Crypto Mining Stocks Rally

CoreWeave, a cloud and AI infrastructure company, is once again in acquisition talks with bitcoin miner Core Scientific (CORZ), according to The Wall Street Journal. This follows a failed bid roughly a year ago, when CoreWeave offered $5.75 per share—valuing CORZ at around $1 billion. While no final terms have been disclosed, a deal could reportedly be reached in the coming weeks.

The news has sent CORZ shares surging more than 25%, now trading above $15—a significant rise from last year's offer. The potential deal reflects renewed interest in bitcoin mining infrastructure, especially as AI and crypto sectors increasingly intersect.

Other bitcoin miners, including Hut 8 (HUT), Iris Energy (IREN), and Cipher Mining (CIFR), also saw gains today, though not as dramatic as CORZ. This resurgence in mining stocks signals growing investor optimism around the space as strategic partnerships and M&A activity pick up across the industry.

CRYPTO
Trump Pushes Crypto for Mortgages

The Trump administration is pushing to integrate cryptocurrency into traditional finance by allowing it to count as an asset in home loan risk assessments. The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to prepare policy updates that would let crypto holdings—if custodied with U.S.-regulated exchanges like Coinbase—qualify as assets for single-family mortgage applications.

This move would eliminate the current requirement for crypto holders to convert their assets into U.S. dollars before closing a loan, allowing borrowers to maintain their Bitcoin or Ethereum throughout the process. The directive also emphasizes risk controls, including adjustments for crypto market volatility.

The change is part of Trump’s broader plan to make the U.S. a global crypto leader. Industry leaders are calling it a milestone for crypto’s legitimacy in the financial system. With regulatory crackdowns easing and institutional interest growing, this marks a major shift in how crypto intersects with American homeownership and banking.

FINANCE
S&P Nears Record Close Again

Stocks rallied Thursday as investors grew more optimistic about potential interest rate cuts and easing trade tensions. The S&P 500 closed just shy of its all-time high, gaining 0.8% to finish at 6,141—just three points below February’s record. The Dow Jones rose 194 points (0.97%), while the Nasdaq climbed 0.94%.

Despite weak economic data—including a sharper-than-expected Q1 GDP contraction and the highest jobless claims in over three years—markets surged on sentiment. Durable goods orders ticked up in May, buoyed by a Boeing-Qatar Airways deal.

Fueling the rally were reports that President Trump may replace Fed Chair Jerome Powell sooner than expected, increasing the odds of earlier rate cuts. Two Fed officials have already voiced support for cuts, diverging from Powell’s cautious stance.

Trump’s administration also signaled flexibility on tariffs, with Press Secretary Karoline Leavitt downplaying the urgency of the July 9 deadline. Treasury yields dropped as bond markets priced in the shifting outlook.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.