Crypto Stocks Rally With Bitcoin

CRYPTO
Crypto Stocks Rally With Bitcoin

U.S. crypto-linked stocks closed higher Monday as Bitcoin surged past $110,000, prompting further institutional interest. Several publicly traded companies increased their Bitcoin holdings, fueling optimism.

Circle Internet Group (CRCL), a new Nasdaq entrant and stablecoin issuer, led gains with a 7% rise and added another 2.2% after-hours to reach $117.79. Crypto miner Core Scientific (CORZ) climbed 4.27%, followed by a post-market uptick of 0.87%. Peers CleanSpark (CLSK) and MARA Holdings (MARA) also gained over 3% and saw an additional 1% boost after-hours. Riot Platforms (RIOT) rose 2.74% and tacked on 1.2% post-close.

The stock momentum aligned with Bitcoin’s 4% daily gain, which brought it near its May 22 high of $112,000. Investors grew more confident as U.S.-China trade discussions resumed in the U.K., easing recent market uncertainty and lifting sentiment across both crypto assets and related equities.

CRYPTO
Bitcoin Jumps as Trade Talks Resume

Bitcoin rose to $108,000 on Monday after hovering near $105,000 over the weekend, driven by renewed optimism around U.S.-China trade talks and momentum from recent crypto IPOs.

The price briefly reached $108,900 before settling slightly lower, according to Binance. Investors are hopeful as Treasury Secretary Scott Bessent and China’s Vice Premier He Lifeng prepare for negotiations in London aimed at salvaging a strained trade deal. Tensions had escalated following President Trump’s tariff hike to 145% on Chinese imports, which triggered a sharp market selloff and pushed Bitcoin to a yearly low of $75,000.

A temporary truce in May sparked a surge to an all-time high of $111,000. Although the deal unraveled again, last week’s phone call between Trump and Xi reopened diplomatic channels. Meanwhile, Circle’s IPO and Gemini’s filing reflect growing institutional adoption, fueling bullish sentiment. Analysts remain optimistic about Bitcoin’s outlook for 2025.

TECH
Meta Plans $10B Scale AI Investment

Meta Platforms is in discussions to invest over $10 billion in Scale AI, a leading data-labeling startup fueling the generative AI boom, according to sources familiar with the matter. If finalized, this would mark one of the largest private funding rounds ever and Meta’s biggest external AI investment to date.

Scale, last valued at $14 billion, serves clients like Microsoft and OpenAI, and could soon reach a $25 billion valuation through a tender offer. Known for supplying high-quality training data for machine learning, Scale generated $870 million in revenue last year and expects to surpass $2 billion in 2025. Meta, which lacks a cloud business like its Big Tech rivals, has largely developed AI in-house until now.

The company is also collaborating with Scale on "Defense Llama," a military-adapted version of Meta’s Llama model. This move aligns with Meta’s broader defense tech ambitions, including a new partnership with Anduril Industries.

TECH
Nvidia Commits to U.K. AI Growth

Nvidia CEO Jensen Huang praised the U.K.’s growing role in artificial intelligence and pledged to invest more in the country’s AI infrastructure. Speaking alongside Prime Minister Keir Starmer and Investment Minister Poppy Gustafsson, Huang called the U.K. a “Goldilocks” environment for AI development. He emphasized the nation’s world-class AI talent and innovative startups like DeepMind, Wayve, Synthesia, and ElevenLabs, saying, “It’s just such an incredible place to invest.”

However, he pointed out that the U.K. still lacks sovereign AI infrastructure — a gap Nvidia hopes to help address. On Monday, the company launched a new sovereign AI forum in the U.K., supported by cloud providers Nscale and Nebius, which plan to build new data centers using Nvidia’s advanced Blackwell GPUs.

The move aligns with Prime Minister Starmer’s ambition to supercharge the U.K.’s AI sector, including plans to expand national computing power twentyfold by 2030.

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