HUT teams up with Anthropic

Palmer Luckey’s Erebor Bank just got a major green light from U.S. regulators. Yesterday, the FDIC approved deposit insurance for the newly chartered national bank thats planning to be headquartered in Columbus, Ohio. This is a key step toward actually opening for business as an FDIC-insured institution. Reminder, Erebor’s model is geared toward deposit and lending products for the “innovation economy” (tech, payments, investment, defense), including crypto market participants. Read more →

Hut 8 (HUT) is leaning harder into AI infrastructure, announcing a partnership with Anthropic and Fluidstack to build an initial 245 megawatts of AI data center capacity at its River Bend campus (with an expansion path up to ~2.3 gigawatts). The first phase comes with a 15-year lease valued at roughly $7 billion – news that helped send HUT shares up 25% today. If this sounds familiar, it’s essentially the same playbook we’ve seen elsewhere: Galaxy Digital (GLXY) has been doing a version of this at its Helios campus via long-term agreements with CoreWeave (CRWV). Read more →

A bipartisan pair of U.S. senators — Elissa Slotkin (D) and Jerry Moran (R) — introduced the SAFE Crypto Act, which would create a federal task force to better coordinate Treasury, law enforcement, financial regulators, and private-sector experts in tracking and disrupting crypto-related fraud. Scams are crypto’s easiest political vulnerability – so anything that tightens enforcement and coordination should make it easier for policymakers going forward. Read more →

📥️ Want to advertise in CoinSnacks? Learn More