TeraWulf looks to raise $500M as it bets big that AI is new Bitcoin

Cointelegraph has faced a significant decline in traffic due to changes in Google's algorithm, raising concerns about the future of crypto media. This situation highlights the vulnerability of digital platforms to algorithmic shifts, which can drastically affect visibility and engagement. As the crypto industry continues to evolve, the implications of such changes could reshape how information is disseminated and consumed, making it crucial for media outlets to adapt quickly.

This week is crucial for the US stock market as major companies like MicroStrategy (MSTR) and Apple (AAPL) prepare to announce their earnings. Following the recent earnings reports from Meta, Google, and Microsoft, investors are keenly watching these developments. The outcomes could significantly influence market trends and investor sentiment, making it a pivotal moment for both tech and cryptocurrency sectors.

The recent launch of the Fusaka upgrade on the Hoodi platform marks a significant milestone for Ethereum, enhancing its capabilities and paving the way for future developments. This upgrade is crucial as it not only improves transaction efficiency but also strengthens the network's security. Additionally, BOB's unveiling of the BTC Vault Liquidation Engine and Ledger's major overhaul highlight the ongoing innovations in the cryptocurrency space, while Google's interest in quantum computing adds another layer of excitement to the tech landscape. These advancements are essential for the evolution of blockchain technology and its integration into mainstream finance.

TeraWulf's stock experienced a 5% dip following a significant $500 million capital raise aimed at funding its AI data center expansion. This comes on the heels of a notable 17% jump in stock value after securing a $9.5 billion AI compute deal backed by Google and Fluidstack. The capital raise is crucial for TeraWulf as it seeks to enhance its infrastructure and capabilities in the rapidly growing AI sector, highlighting the company's strategic moves to position itself in a competitive market.

Bitcoin has recently dropped below the $110,000 mark, causing significant concern among traders and investors. This decline was triggered by the US Federal Reserve's decision to cut interest rates and signal an end to quantitative tightening, leading to a wave of panic selling. The volatility has tested investor confidence and resulted in the liquidation of leveraged positions, highlighting the ongoing uncertainty in the market. Understanding these movements is crucial for anyone involved in cryptocurrency, as they reflect broader economic trends and investor sentiment.

Australian police have successfully cracked crypto wallets, recovering over $7 million in illicit digital assets. This significant achievement highlights the ongoing efforts of law enforcement to combat cybercrime and protect the integrity of the financial system. By reclaiming these funds, authorities not only disrupt criminal activities but also send a strong message about the importance of security in the digital currency space.

A recent discussion on X sparked by crypto analyst Scott Melker has brought attention to the XRP Ledger and its utility. Melker's question about the current pitch for XRP, separate from Ripple, engaged his million followers, leading to a vibrant exchange of ideas. This conversation is significant as it highlights the evolving narrative around XRP and its role in the cryptocurrency landscape, encouraging both supporters and skeptics to share their insights.

The New Hampshire Senate has decided to stall a bill aimed at deregulating crypto mining after a split vote, reflecting growing public concern over the proposal. Lawmakers believe further study is necessary before making any changes to local controls on crypto mining. This decision is significant as it highlights the ongoing debate about the balance between technological advancement and community impact, especially in a state where crypto mining has become a contentious issue.

Historically, October has been a great month for Bitcoin, often referred to as 'Uptober' due to its consistent price surges. However, as October 2025 comes to a close, Bitcoin is currently about 4% down, breaking its seven-year streak of closing the month in profit. This shift is significant for investors and enthusiasts who rely on past trends to predict future performance, raising concerns about the stability of the cryptocurrency market.

Vineet Budki warns that Bitcoin's four-year cycle remains intact, predicting a significant 70% drop in the next market downturn. He emphasizes that many investors lack a solid understanding of Bitcoin's economic properties, which could lead to panic selling at the first signs of trouble. This insight is crucial as it highlights the volatility of cryptocurrencies and the importance of informed investing, especially in uncertain market conditions.