$19 Billion AI Deal, ETF Inflows Return, and Binance.US Plots a Comeback

Summary

TeraWulf CEO Paul Prager details the company’s $19B AI infrastructure deal with Anthropic and exit from Bitcoin mining, positioning TeraWulf as a pure-play AI data center with unique power assets. Franklin Crypto CIO Seth Ginns lays out a bullish crypto thesis centered on a fundamentals-price disconnect and highlights Hyperliquid, Lighter, and legacy DeFi tokens with value capture potential. Binance.US CEO Stephen Gregory outlines the exchange’s comeback strategy with near-zero fees. Host Jennifer Sanasie notes that Bitcoin and Ether ETF inflows snapped eight-week losing streaks, hinting at stabilizing institutional demand.

• TeraWulf CEO Paul Prager explains the 20-year, $19B lease with Anthropic, sale of Abernathy, and complete exit from Bitcoin mining to focus on high-quality AI data centers.
• Prager emphasizes that not all data center megawatts are equal, requiring sites with robust grid power, good regulation, and labor availability.
• Franklin Crypto CIO Seth Ginns believes crypto fundamentals outpace current prices, driven by unprecedented traditional-finance convergence and multiple catalysts.
• Ginns is bullish on Hyperliquid (HYPE) for its revenue growth and buyback-driven token value capture, and on Lighter (LIT) for its integration with Robinhood chain.
• Ginns expects legacy DeFi tokens like Uniswap, Aave, Chainlink, and Stellar to rally if they improve value capture to attract traditional capital.
• Binance.US CEO Stephen Gregory describes the exchange’s return from regulatory hibernation, targeting 20% US market share with zero maker fees and new products.
• Host Jennifer Sanasie reports that spot Bitcoin and Ether ETFs broke their eight-week outflow streaks, potentially signaling stabilization in institutional demand.