A crypto whale offloaded 464 Bitcoin to rebalance its portfolio into 17,750 ETH, valued at $27.56 million.

According to Bloomberg, Lambda, an AI cloud computing provider backed by NVIDIA, is seeking a $917 million leveraged loan to finance a NVIDIA-related chip procurement deal. The funds will go toward purchasing and installing GPUs and other infrastructure. Sources familiar with the matter noted that before the formal marketing phase, the loan has already attracted nearly $2 billion in indications of interest. Lambda is part of Neocloud, which offers AI chip and infrastructure leasing services. This financing follows the trend of AI infrastructure firms securing debt market funding for GPU purchases. Bloomberg data shows that global debt raised for AI expansion has approached $600 billion since last year. CoreWeave previously also secured financing via the institutional leveraged loan market, backed by customer contracts and chip-related assets. The Lambda loan is priced at a spread of up to 3.75 percentage points over the benchmark rate, with an issue price of roughly 99% of face value. The loan has a 4.4-year term—significantly shorter than the typical ~7-year term for institutional loans—and features a fully amortizing structure, allowing the debt to be repaid gradually over about 4 years to reduce lenders’ refinancing risk. A prepayment penalty applies if Lambda redeems the loan early. Morgan Stanley is leading the transaction, with the loan issued by Lambda Compute II LLC and Lambda Cloud Canada Inc. Lambda currently operates primarily in North America and uses NVIDIA chips exclusively; besides relying on third-party facilities, the company is also beginning to build its own data centers and has held preliminary discussions with banks about a potential IPO.

Trump Media & Technology Group (DJT) released its financial report on Monday, revealing that its Truth API service—designed to provide traders with quick access to posts from popular accounts on Truth Social—has now signed over 10 clients and started generating revenue. The service allows users to access information from top Truth Social accounts, including Trump’s own account, faster. U.S. government oversight agencies and congressional Democrats had previously criticized the service, arguing the company was selling investors access to market-moving information. Trump Media reported Q2 revenue of $1.7 million, with a net loss of $238 million. Since the Truth API launched on August 1, its revenue was not included in the quarter’s results. Earlier reports noted that the Truth API subscription fee is $100,000 per month, or $60,000 monthly for multi-year contracts. After the Q2 report release, Trump Media’s U.S. stock fell 0.7% in after-hours trading. (Source: Jinshi)

Contract whale "先定10个大目标" (@jasonleo) posted that his medium- and long-term trend judgment remains unchanged, and he still views the current zone as a phased bottom. Barring an extreme structural crash, his assessment of the current BTC bottom zone remains around $58,000. He stated that reducing two-thirds of his position near the $64,000 cost level was not a shift in direction, but an active move to control position risk and reserve room for extreme scenarios. If future price movements align with expectations, he will look for opportunities to gradually repurchase the positions he trimmed earlier. He also emphasized that the account is only used to record personal trades, functioning as a trading journal, and warned others not to copy his trades. He typically uses 3x to 5x leverage and prioritizes risk control. Recently, Bitcoin has been trading sideways overall; with proper position management, losses are usually limited, but for traders using high leverage such as 10x or 50x, risks are significantly amplified.

Keel Infrastructure (formerly Bitfarms) announced in its latest quarterly financial report that it has shut down all its U.S. bitcoin mining operations and begun converting related sites into AI and high-performance computing data centers. The company completed a restructuring in April this year, making Keel the parent entity of Bitfarms Ltd., and has been shifting its business focus from bitcoin mining to computing power infrastructure while continuing to reduce its BTC holdings. Between April 1 and August 7, Keel sold a total of 1,085 BTC, generating $75 million in proceeds, and currently holds 1,861 BTC on its balance sheet. The company said it is continuing to "phase out" its bitcoin holdings. Its quarterly revenue reached $30 million, down 50% year-over-year, primarily due to falling bitcoin prices and the closure of the Moses Lake crypto mine. Net income shifted from nearly $11 million in Q2 2025 to a net loss of $141 million. The company’s stock price dropped more than 11% during Monday’s trading session. Keel CEO Ben Gagnon stated: "Power is the limiting factor. Everything else is built on top of that." He noted that the company’s three key sites are nearly fully permitted, with multiple potential tenants in negotiations. Currently, Keel holds $819 million in liquidity, plus uncommitted 2027 capacity in the PJM grid and Washington state.

According to Onchain Lens monitoring, a crypto whale withdrew another 9,000 ETH (valued at approximately $16.87 million) from Gemini today. Over the past month, the wallet has cumulatively withdrawn around 121,000 ETH (worth roughly $227 million), transferring the funds to self-custody and staking most of its holdings.

According to a report from The Information citing people familiar with the matter, Applied Compute—a startup just one year old—is in discussions for a new funding round, with an expected valuation of roughly $3 billion, more than double its valuation at the time of its last funding announcement four months ago. The company specializes in helping enterprises run and customize open-source models using their own data. The financing comes amid the firm’s recent strong revenue growth. Insiders said Applied Compute’s current annualized revenue is approximately $50 million, nearly four times the level its CEO Yash Patil disclosed last November. Investor Elad Gil is in talks to lead the round, which is projected to raise hundreds of millions of dollars. It remains unclear if the valuation includes the newly injected capital. The funding round has not been finalized, and specific terms may still change.