IREN Ltd (IREN) News & EventsIRENIREN Ltd

Iris Energy Shares Rise 3.33% to $42.01

Moderately bullish activity in Iris Energy (IREN), with shares up $1.35, or 3.33%, near $42.01. Options volume running well above average with 173k contracts traded and calls leading puts for a put/call ratio of 0.48, compared to a typical level near 0.49. Implied volatility (IV30) is higher by 1.2 points near 73.31,in the lowest 10% of observations over the past year, suggesting an expected daily move of $1.94. Put-call skew steepened, indicating increased demand for downside protection.

Coinbase Receives CFTC Approval for Derivatives Clearing

As bitcoin, ethereum and other cryptocurrencies see major legal, institutional, and technological developments, the financial landscape continues to adapt. Stay up on the crypto news that matters with the "Crypto Currents" weekly from The Fly. Also, join us for your essential daily recap, every day at 2 PM ET on FlyCast radio.COINBASE RECEIVES CFTC APPROVAL FOR COINBASE CLEARING:Coinbaseannounced Monday it has receivedits own derivatives clearing organization. "Together with our derivatives broker, a Futures Commission Merchant and derivatives exchange, a Designated Contract Market, Coinbase Clearing LLC completes our full suite derivatives platform," Coinbase said in a blog post. "Regulatory approval for Coinbase Clearing marks clear, incremental progress on Coinbase's commitment to expanding access for regulated products and to building the financial infrastructure for the onchain economy. We will look to strengthen the infrastructure that supports our products today and build a scalable foundation for the future."Additionally on Monday, Coinbase and Citiannounced anfor corporations and consumers. Coinbase has selected Citi's Virtual Account Wallet solution, part of Citi Services' Banking-as-a-Service capabilities, to power Coinbase Virtual Accounts. This provides Coinbase's payments customers with bank-account-like functionality to accept, hold, and pay funds, with incoming fiat automatically converted into stablecoins. In parallel, Citi will enable its institutional clients to accept stablecoin payments at checkout through Spring by Citi, its integrated payment acceptance platform. Coinbase Payments powers the stablecoin acceptance. The solution automatically converts digital currency into fiat, with Citi settling funds as the bank of record. This allows merchants to serve over 150M stablecoin holders globally without needing to hold, custody or manage digital assets directly."This partnership with Coinbase is a pivotal step in our ongoing Services strategy to provide optionality for our clients," said Shahmir Khaliq, Head of Services, Citi. "We provide regulated, bank-grade solutions that remove significant hurdles for clients who want to engage in the digital economy, while also providing a foundational service for a leading virtual asset service provider like Coinbase."Keefe Bruyette resumed coverage of Coinbase with an Outperform rating and $237 price target. Coinbase offers a dual fundamental and cycle-driven thesis, with Coinbase continuing to gain crypto market share while its large installed base and distribution support resilient consumer brokerage economics and a durable stablecoin franchise, the analyst said. Its expanding derivatives and prediction markets providing additional avenues for through-cycle revenue diversification and returns, the firm said.Baird raised the firm's price target on Coinbase to $205 from $130 and kept a Neutral rating on the shares.Wells Fargo initiated coverage of Coinbase with an Equal Weight rating and $200 price target. Coinbase "remains a foundational crypto franchise," but stronger activity may not translate fully into revenue, said the analyst, who added that consumer pricing pressure and mixed USDC trends "temper" the firm's "constructive" view on what it expects to be a "meaningful crypto recovery."Piper Sandler raised the firm's price target on Coinbase to $170 from $146 ahead of quarterly results. The firm kept a Neutral rating on the shares. Piper is also raising its 2026 / 2027 EPS estimates.SOLUNA, BITDEER EXPAND AGREEMENT AT PROJECT KATI 1:Soluna Holdingsannounced Monday an amended agreement with Dory Creek, a wholly owned subsidiary of Bitdeer Technologies Group. Under the amendment expanding the partnership, Bitdeer will deploy approximatelyin South Texas, bringing its total deployment at the site to 35 MW and approximately 2.42 EH/s of hash rate. Project Kati 1 is an 83 MW wind-powered data center in Willacy County, Texas. The Bitdeer deployment is located in the site's K1BC phase, which is now fully subscribed. The agreement takes the form of a co-mining arrangement, a structure Soluna introduced to its bitcoin platform in August. Soluna provides the site, power, and turnkey operations; Bitdeer provides and owns its Sealminer A2 Pro Air mining equipment, and the parties share in the mining proceeds the deployment generates. The amendment carries the same structure as the original agreement."We entered our first co-mining agreement with Bitdeer in August, and we are expanding it before that deployment is even finished," said John Belizaire, CEO of Soluna. "That is the strongest endorsement either of us could give the structure. Kati 1 is fully spoken for, and the operating history we are building there is what makes the next site possible."Bitdeer also announced Tuesday that Bitdeer AI hasat its A201 data center facility in Johor Bahru, Malaysia for AI Cloud business ahead of energization in 1Q27. Bitdeer AI has contracted more than $1.7B in expected revenue at this site spanning the next 5 years. The company has now built a total expected revenue backlog of approximately $2.9B.Jones initiated coverage of Bitdeer with a Buy rating and $22 price target.STRATEGY BUYS MORE BITCOIN:In a Monday regulatory filing, Strategyannounced an update on its bitcoin holdings. The company reportedat an average purchase price of $85,681 between September 21 and September 27. As of September 27, Strategy holds 847,666 bitcoin acquired for an aggregate purchase price of approximately $63.95B.As part of its capital framework, Strategy maintain a U.S. dollar reserve, which is intended to support the payment of dividends on Strategy's preferred stock and interest on its outstanding indebtedness, and "USD Cash", which management maintains to deploy for broader general Bitcoin Treasury Company purposes, which may include acquiring bitcoin, expanding the USD Reserve, broader capital management uses, and other similar purposes. During the period from September 21 to September 27, Strategy used $48.1M of USD Cash to fund repurchases of STRC Stock. During the same period, Strategy used $22.1M of the USD Reserve to fund the payment of dividends on its preferred stock. As of September 27, the balances of the USD Reserve and USD Cash were $5.02B and $1B, respectively.Citi raised the firm's price target on Strategy to $240 from $136 and kept a Buy rating on the shares. The firm cites its revised bitcoin forecasts for the target boost. Citi upped its 12-month base case bitcoin forecast by 39% higher to $113,000.AMAZE EXECUTES LOI TO ACQUIRE BULLIONFX:Amaze Holdingsannounced Tuesday it has entered into a bindingincluding its core platform Alchemy, for stock valued at approximately $155M. The BullionFX assets comprise the technology, infrastructure and intellectual property behind a blockchain financial ecosystem built around auditable physical gold. If completed, the acquisition would mark a strategic expansion for Amaze beyond creator commerce and into gold-backed digital-asset infrastructure. The transaction comes amid a broad resurgence in cryptocurrency markets, rapid growth in volume within the stablecoin industry, renewed institutional engagement with digital assets, and continued strength in gold as a long-established store of value. Following closing, Amaze intends to prioritize activation of the self-custody retail wallet and yield engines and, as an initial institutional application, to pursue a listed Stable Asset Treasury vehicle for gold and USD, subject to applicable regulatory approvals."Crypto's renewed momentum and gold's enduring role as a store of value have opened a rare window for infrastructure built on both," said Joel Krutz, Interim CEO of Amaze. "Alchemy is a full-stack, gold-backed financial ecosystem, and we believe bringing it into the public markets can create meaningful long-term value for our stockholders."The company also announced Friday that it received written notice from the NYSE American announcing that the NYSE American would be commencing proceedings to delist the company's common stock from the NYSE American and that trading would be suspended immediately. The NYSE American determined that the company is no longer suitable for listing on the NYSE American pursuant to Section 1003fv of the NYSE American Company Guide due to the low selling price of the company's common stock. The Company will not appeal the NYSE American's determination to delist its common stock.BLOCKCHAIN.COM REPORTEDLY TARGETS IPO THIS YEAR:Crypto services company Blockchain.com Group has notified prospective investors that it is looking to go public this year, Bloomberg's Bailey Lipschultz and Olga Kharif reported on Monday, citing people familiar with the matter. The company is looking to raise roughly $500M in an initial public offering, targeting a valuation of $4B-$6B in the listing. Deliberations are ongoing and Blockchain.com may consider a smaller raise if necessary, the report said.OTHER CRYPTO NEWS:Circle, Volante partner toForward Industries'SOLAletheia starts Securitizewith a Hold,Bitmine Immersionreports totalDeFi DevelopmentaddsStrivepurchases 1,107 bitcoin, reportsOKX, BitGoexpandIreninitiated with a Hold at Jones,Jones initiates TeraWulfwithCore ScientificwithHut 8withCipher MiningwithSharplink Gamingwith, Bit DigitalwithMara HoldingswithRiot Platformsinitiated with a Buy at Jones,Hyperscale Datareports holdingas of September 27Wells Fargo starts Bullishat Equal Weight, says adoption remains early,Lion GroupannouncesHyperion DeFinamedEmpery DigitalinitiatedGeminiprice target loweredDeFi Technologiessubsidiary launches Zcash ETP,Figure TechnologyinitiatedVerifyMe, OpenWorldcomplete business combination, OpenWorld announcesCanaaninitiated with a Buy at Jones,CRYPTO STOCK PLAYS:Publicly traded companies in the space include Bit Digital, Coinbase, Core Scientific, Mara Holdings, Strategy, Riot Platforms and TeraWulf.PRICE ACTION:As of time of writing, bitcoin rose roughly 3% this week to $86,816 in U.S. dollars, according to CoinDesk.

Binance Invests $100M in Circle to Boost USDC Development

As bitcoin, ethereum and other cryptocurrencies see major legal, institutional, and technological developments, the financial landscape continues to adapt. Stay up on the crypto news that matters with the "Crypto Currents" weekly from The Fly. Also, join us for your essential daily recap, every day at 2 PM ET on FlyCast radio.BINANCE INVESTS $100M IN CIRCLE:Circle Internet Groupand Binance announced Tuesday anThe companies have entered into a new, five-year commercial agreement focused on expanding USDC access across emerging markets. Further, Binance has made a $100M strategic equity investment in Circle. Under the new agreement, Binance will accelerate the promotion, awareness, and integration of USDC on its platform, especially across emerging markets, and Circle will provide the infrastructure services that support holding and using USDC. Binance's equity investment in Circle was made through a private placement of Class A common stock at a purchase price reflecting a five percent discount to the market price of CRCL prior to closing. Binance has agreed not to transfer the shares for a period of up to two years from the closing date, subject to customary exceptions."Binance has built one of the largest and most dynamic platforms in the world for using digital currency, creating the internet's largest financial super app, and becoming the most widely used wallet in the world for dollar stablecoins," said Jeremy Allaire, CEO. "Together, we see incredible opportunities to leverage USDC to expand dollar access, support savings and investment with innovative digital asset products, and reach people and businesses throughout global emerging markets."Following the news, Clear Street reiterated a Buy rating and $107 price target on Circle. The firm views the development as an incremental positive for relationship optimization and supply visibility, as it secures USDC promotion to Binance's 300M+ users, deepens the emerging-markets dollar-access push, and lands ahead of OUSD's expected launch later this year. The equity stake aligns Binance with USDC's success, echoing Coinbase'sdistributor-shareholder model, the analyst said.FED PROPOSES FRAMEWORK FOR STABLECOIN ISSUERS:On Thursday, The Federal Reserve Board has requested public comment on two proposals related to establishing a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Act. "The first proposal would require that Board-supervised payment stablecoin issuers fully back their stablecoins with certain permissible reserve assets, such as short-term Treasury bills and certain other high-quality, liquid assets. The proposal would also establish standardized capital requirements to address certain credit and operational risks of payment stablecoin activities, as well as risk management standards, in accordance with the law. Separately, the proposal would introduce rules for Board-supervised firms that safekeep the assets backing payment stablecoins. It would also clarify the permissibility of stablecoin and related activities for Board-supervised banks. The second proposal would establish a tailored application process for Board-supervised banks applying to issue payment stablecoins. These applicants would be required to submit a business plan and financial information, among other documents. The proposal would also create a process governing appeals, hearings, and final determinations for applications. The comment period will close 60 days after publication in the Federal Register," the Fed stated.COINBASE OFFERS ACCESS TO IPO ALLOCATIONS:Coinbase announced Monday that it nowfor retail traders in the U.S. "Coinbase is expanding access to primary financial markets by bringing initial public offering allocations to U.S. retail traders. Beginning with Oura's IPO this week, eligible customers can request shares at the offer price before open-market trading starts. This new feature is yet another step toward growing the Everything Exchange, as our US customers now gain early exposure to high-interest companies before they hit public exchanges," the company announced.Clear Street raised the firm's price target on Coinbase to $224 from $204 and kept a Buy rating on the shares. The company on Friday filed with the Commodity Futures Trading Commission to list cash-settled, perpetual-style futures on individual U.S. stocks, covering roughly 50-60 names including Apple, Microsoft, Nvidia and Tesla, the analyst said. Clear believes the filing can drive additional product launches at Coinbase and "challenge the status quo within the existing market structure." Perpetual futures on single stocks in the U.S. could arrive earlier than expected, added the firm.NYSE, BLOCKCHAIN.COM PARTNER FOR TOKENIZED SECURITIES TRADING:Blockchain.com and the NYSE Groupannounced Wednesday the signing of athat will provide Blockchain.com's user base access to tokenized U.S. exchange-listed equities and ETFs on the NYSE's previously announced digital ATS, subject to any required regulatory approvals. The collaboration seeks to broaden the NYSE's access to crypto-native investors through Blockchain.com's global customer base. Additionally, the MOU includes bidirectional market data distribution across the companies' respective platforms. NYSE's affiliated business, ICE Data Services, plans to distribute Blockchain.com's crypto market data and analytics to its subscribing clients, providing traditional investors with more intelligence about digital asset investment opportunities. Blockchain.com plans to incorporate certain ICE and NYSE exchange data feeds into its app, equipping more than 44 million confirmed accounts with access to real-time stock information."The future of capital markets belongs to institutions that unite the trust of traditional finance with the innovation and accessibility of digital assets," said Lynn Martin, President, NYSE Group. "Blockchain.com's international footprint and digital asset expertise make it a natural complement to our tokenized securities platform upon launch. We look forward to furthering their efforts to bring customers' trading activity onto the blockchain and giving them more data and choice in how they participate in the digital financial ecosystem."BITGET REPORTS $352M STOLEN IN HACK:Gracy Chen, CEO of crypto exchange Bitget, said in a Thursday X post that the company's security systems detected unauthorized transfers from some of its hot wallets, adding its security team activated emergency response protocols immediately. She said, "What we have confirmed: Estimated funds affected: approximately $351.6M; Cold wallets remain fully secure. Bitget operates a three-tier wallet architecture — the breach contained only a portion of the hot wallet and warm wallet layers; User funds are safe. The full amount of this loss falls within the coverage of Bitget's User Protection Fund, which currently holds over $464M. Actions we have taken: Emergency response team activated within minutes of detection; Abnormal transfer addresses identified, flagged, and reported; Withdrawals temporarily suspended as a precautionary measure, pending security review; Law enforcement and on-chain security firms have been formally notified and are engaged. What this means for you: Your account balances are accurate and your assets are protected; Deposits and trading remain fully operational; Withdrawals are temporarily paused and will be restored as soon as the security review is complete. What comes next: We will provide updates on an hourly basis across this channel and all official platforms. A full incident report — including root cause analysis and corrective actions — will be published within 24 hours. We will not speculate on the attack vector until the investigation is complete."OTHER CRYPTO NEWS:Forward Industries'SOL holdings, price target raised to $11 from $9 at B. RileySecuritizeinitiated with anRosenblatt ups target on 'significant positive' from SECBitmine Immersionreportsprice target raised to $34 from $30 at B. RileyDeFi DevelopmentaddsStrategypurchasesreports USD reserve of $5.04B as of September 20, price target raised to $195 from $175 at B. RileyStrivepurchases 1,355 bitcoin, reportsprice target raised to $44 from $32 at TD Cowen, to $33 from $26 at B. RileyBitGolaunchesappoints Greg Cipolaro as headIreninitiated with aTeraWulfinitiated with a, with a Buy at UBSCore Scientificinitiated with, with a Buy at UBSHut 8initiated with awith a Buy at UBSCipher Miningexpandsinitiated with a Neutral at Rothschild & Co Redburn, with a Buy at UBSHyperscale Datato formBullishprice target raisedLion GroupreaffirmsCME Groupto launchon October 19, pending reviewSoFi Technologies, MasterCardannounceB. Riley raises price target on Solana Companytoon Nakamototoon SharpLink GamingtoGalaxy Digital, Sky Protocol announceStreamexannouncesCRYPTO STOCK PLAYS:Publicly traded companies in the space include Bit Digital, Coinbase, Core Scientific, Mara Holdings, Strategy, Riot Platformsand TeraWulf.PRICE ACTION:As of time of writing, bitcoin rose roughly 4% this week to $83,856 in U.S. dollars, according to CoinDesk.