TeraWulf, a prominent Bitcoin miner, has secured a strategic partnership with Google as part of its high-performance computing (HPC) co-location agreements with Fluidstack.

According to an Aug. 14 statement, the search engine giant will backstop $1.8 billion of Fluidstack’s lease obligations, providing critical support for project-related debt financing.

The arrangement grants Google a warrant to acquire roughly 41 million shares of TeraWulf common stock. If exercised, this would represent an approximate 8% pro forma equity stake.

This strategic support enables TeraWulf, a leading digital infrastructure operator, to advance two 10-year HPC colocation agreements with Fluidstack.

The contracts allow TeraWulf to deliver over 200 MW of critical IT load from its Lake Mariner data center campus. The initial 10-year term is valued at approximately $3.7 billion, with two five-year extension options that could raise total potential revenue to $8.7 billion.

Notably, deployment is already underway, with about 40 MW of capacity expected to go live in the first half of 2026.

TeraWulf plans to bring the full 200+ MW online by the end of 2026, providing substantial near-term infrastructure support to Fluidstack and reinforcing its position as a top-tier digital infrastructure provider.

Google’s crypto wallet policy

This development comes as Google Play updated its policies for crypto wallet providers in over 15 jurisdictions, including the US and the European Union.

According to the firm, crypto custodial wallet providers must be licensed and comply with local industry standards starting Oct. 29. US developers must register as money services businesses or money transmitters, while EU developers must register as crypto-asset service providers (CASPs).

The announcement had sparked significant confusion within the community, with industry stakeholders criticizing the firm’s unilateral action.

However, the firm has clarified that non-custodial crypto wallets remain outside the policy’s scope.

Speaking on this, Google Cloud’s Rich Widmann, head of Strategy for Web3, said:

“The policy was not intended to cover non-custodial wallets but imprecisely used the term “software wallets” without nuance which led to confusion. It is not 2015 anymore – we are working alongside dozens of crypto devshops and protocols to enable this ecosystem.”

Mentioned in this article

At a White House press conference on Friday, Donald Trump once again declared his support for Bitcoin, calling it “surprising” and pointed to an increase in use in the economy.

It has become amazing. So it’s the job it produces and I’m going to realize you’ll pay more and more with Bitcoin. People say it puts a lot of pressure from the dollar, and that’s great for our country. – Donald Trump in the latest White House speech

In this article, we’ll quickly touch on Trump’s latest procrypt comments, how it could trigger another altcoin rally, and how you can buy the best code if you want to take advantage of momentum before your next leg goes up.

Trump says Bitcoin is alleviating tensions in the dollar

Briefly, the most notable part of Trump’s speech was his claim that Bitcoin is easing pressure from the US dollar. This is “a much more important statement than it appears,” says Anders, a digital asset researcher.

According to Anders, Trump’s comments suggest that he understands the “triffin dilemma.” This has been a long-standing economic paradox and I’m keen on using cryptography to solve it.

The Triffin dilemma is a term used to describe the conflicts facing countries where the currency (US dollar) functions as the global reserve currency (in this case, the US).

The “dilemma” is to increase the US dollar by increasing global demand, while this strength will increase the country’s trade deficit. The stronger the dollar, the cheaper the imports and the more expensive the exports.

Using cryptocurrencies such as Bitcoin and XRP is a “US-made” crypto over $BTC, but could help ease pressure on USD.

If the investment is flowing in the form of $BTC rather than $USD, it will reduce demand for the dollar, weaken it, and thus correct the trade deficit.

Overall, Trump’s new support adds momentum to the code story. Place Bitcoin (and potentially other tokens) as a true strategic financial tool.

With that in mind, there are several ciphers that can benefit from the latest taps on the shoulder of Bitcoin.

1. BTC Bull Token ($btcbull) – Best cipher to buy now, offering free $btc airdrop

BTC Bull Token ($btcbull) First and foremost, it is one of the best cryptos to invest in as it is the only one that offers free $btc for token holders.

Buy and store $ btcbull The best walletand whenever Bitcoin exceeds $150,000 and $20,000 for the first time, you will automatically receive a free $BTC share.

Additionally, keeping a BTC bull token will also strengthen your crypto portfolio. This is because tokens are projected to surge 277% by 2026 to reach $0.0096.

Currently, the price of one $BTCBULL is only $0.00258, and the project has raised over $7.6 million (and counts) in early investor funding.

Another reason for this new Crypto’s potential bright future is its token burn mechanism. Simply put, developers will shave part of their total supply of tokens as Bitcoin prices rise.

This creates artificial rarity and upward price pressure, especially during the Bitcoin Bull run. This is a smart way to align the growth of tokens with the momentum of Bitcoin.

2. Bitcoin Hyper ($Hyper) – Place the Bitcoin Blockchain on Steroids

Bitcoin is definitely OG’s crypto and blockchain, but it wasn’t actually built with Web3 adoption in mind. In contrast to Solana’s 2K-3K TPS, it only handles seven transactions per second. input Bitcoin Hyper ($hyper).

This new meme coin from Presale is intended to build a first-time Layer 2 on Bitcoin, which directly tackles the issues of scalability and programmability on the network.

Utilizing standard bridges and integrating Solana Virtual Machine (SVM) to convert $BTC from traditional L1 assets to fast, scalable L2 assets.

You can use this “wrapped” Bitcoin in L2 to use fast lightning payments and swaps, Defi apps, NFT platforms, and gamedap lending and staking.

$Hyper is currently in Presere. So you can buy it at a low price of $0.012075. The pre-sale is fresh from the oven, but has accumulated a thick $1.7 million worth of $17 so far. Here’s how to purchase:

3. Useless Coins (for $) – Virus New Meme Coins with no intrinsic value or utility

The useless coin ($fouseless) is the latest and perhaps the perfect microcoin of what meme coins really represent. A community-driven degens fun with no real utility or intrinsic value.

With no dyeing, governance mechanisms, or revenue generation outside of liquidity charges, $ actors rarely meet all of the other so-called utility tokens currently flooding the market.

It was released a few weeks ago and has already won over 92%.

The uselessness of $ now trading at $0.1665 is what we talk about, hitting the new all-time highs, so this may be a good time to get in.

I’ll summarize

Donald Trump’s latest remarks on Bitcoin signaling provide new support for the crypto world. BTC Bull Token ($btcbull) and Bitcoin Hyper ($hyper) You can spike large amounts of time.

That said, keep in mind that investing in crypto is extremely dangerous. This article is not financial advice, so invest only after doing your own research.

June 9th, 2025 – Sydney, Australia

With the support of Galaxy Ventures and previous investment from notable industry leaders like Vitalik Buterin, RISE sets out to solve the blockchain adoption challenge with its exponentially faster blockchain technology; offering real-time performance of as low as 5ms latency and a 100k TPS target, while maintaining a decentralization-first roadmap.

RISE, a real-time blockchain scaling Ethereum with record throughput and ultra-low latency, announced a $4 million investment from Galaxy Ventures, bringing total funds raised to date to $8 million. This latest funding round will enable RISE to continue to push the boundaries of blockchain performance and develop the next generation of blockchain applications.

Offering instant transaction speeds is a key pillar of bringing more assets, enterprises, and users onchain, but building a blockchain that provides this has been difficult to date. RISE, a new blockchain built on top of Ethereum, solves this with its breakthrough transaction architecture, powered by Shreds which enable record-breaking latency as low as 5-milliseconds. This is especially significant for advanced DeFi use cases such as orderbook strategies, options, high-frequency trading, and market making. RISE launched its public testnet earlier this month, which has already undergone significant battle testing, reaching over 2 billion transactions, including over 50,000 transactions processed in a single 1-second block. This enables developers to experiment and build onchain apps that operate with a new standard of performance, introduced as “Infinite Speed”: real-time performance, decentralized.

By rethinking blockchain design from first principles, RISE addresses a fundamental tradeoff where low latency and high throughput previously required compromising decentralization. Competing blockchains often rely on centralized approaches, introducing censorship risk and single points of failure. RISE was built from day one to deliver unstoppable performance without sacrificing decentralization, enabling real-time transactions on widely accessible, standard hardware. RISE will also implement performance-compatible based sequencing to leverage Ethereum’s vast network of validators and unlock synchronous composability between Ethereum and RISE.

Key Differentiators of RISE:

• Shreds: Sub-blocktime transaction confirmations enabling as low as 5ms round-trip latency
• Scalable Throughput: Currently benchmarked at over 50,000 TPS, with plans to exceed 100,000 TPS
• Based Sequencing (Coming Soon): Unlocking a true extension of Ethereum and solving liquidity fragmentation for users
• Secured Shreds (Coming Soon): Preconfirmations economically secured by Ethereum Validators, significantly improving the security profile

“Performance is only meaningful if it lasts,” said Sam Battenally, co-founder and CEO of RISE. “RISE was built to stay fast—forever. This investment from Galaxy Ventures underscores the need for infrastructure that doesn’t just scale technically, but scales trustlessly. We’re excited to accelerate toward mainnet and bring the next generation of crypto apps into reality.”

RISE will use the funding to support product and app development in the lead-up to mainnet launch. Builders can explore the testnet now at portal.risechain.com.

“RISE is the first project we’ve seen that addresses the scalability trilemma without material security tradeoffs,” said Neil Bhuta, Investor at Galaxy Ventures. “It brings a level of speed, scalability, and decentralization that is essential to supporting a new generation of high-performance applications. We’re proud to back a talented team that is pushing the boundaries of blockchain technology.”

About RISE

RISE is a next-generation Ethereum Layer 2 blockchain redefining performance with “Infinite Speed”—delivering instant transaction confirmation at unprecedented scale, while upholding Ethereum’s core principle of decentralization. Its architecture enables as low as 5ms latency and will support over 100,000 TPS, unlocking a radically improved experience for both developers and users. Seed investors include Ethereum co-founder Vitalik Buterin and AAVE founder Stani Kulechov. For more information, users can visit https://risechain.com/.

Contact

Co-Founder and CEO
Sam Battenally
RISE Labs
sam@riselabs.xyz

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United States Senator Cynthia Lummis (R-Wyo.) says elements of the nation’s uniformed leadership are now “big supporters” of plans to build a Strategic Bitcoin Reserve (SBR), marking the first time a sitting law-maker has publicly claimed high-level military backing for the project.

Bitcoin Reserve Gains Military Support

“There are generals, especially in Southeast Asia, who believe it is important to have strategic Bitcoin stockpiles, because we are in an economic war with China,” Lummis told Bloomberg Television late Tuesday. “All we need to do is look to the leadership of the current US military to find support for a Strategic Bitcoin Reserve.”

Lummis reiterated her plan to accumulate 1 million BTC — roughly 5 percent of the supply — and hold it for twenty years. “My purpose is to… illuminate half of the US debt,” she said. The senator’s first funding tranche would rely on Bitcoin already in federal custody: “The place to start is to use the money held by the US Marshals Service… asset-forfeiture monies in the form of digital assets. That can be the basis for year one of a strategic Bitcoin reserve.”

Lummis’ remarks land two months after President Donald Trump issued Executive Order 14233, creating a SBR capitalised with all BTC forfeited in federal cases and instructing agencies to transfer their holdings to Treasury-run cold wallets.

The House and Senate are now considering companion “BITCOIN Act” bills that would codify the reserve in statute and authorise Treasury to purchase additional coins with “no incremental cost to taxpayers.” Even so, Lummis conceded legislation to expand or finance the reserve directly is unlikely to surface this session.

“I don’t think we’re going to get to this bill in 2025, because our next priority is market-structure,” she said, referring to the looming fight over jurisdictional boundaries between the Securities and Exchange Commission and the Commodity Futures Trading Commission.

Responding to concerns that a BTC build-up might displace bullion, Lummis stressed she has “never proposed selling any of our gold or hard assets.” Instead she would re-value Treasury’s 1934-vintage gold certificates at fair-market prices and swap the accounting uplift into BTC: “convert[ing] our gold certificates to current fair-market value and use those to convert to Bitcoin.”

Asked about JPMorgan Chase chief Jamie Dimon’s call for Washington to hoard “bullets, drones and rare earths” instead of BTC, the senator fired back: “Even the United States military disagrees with him… We have to prepare for a guns-and-bullets war, but we need both.”

Notably, Lummis wants the reserve to be Bitcoin-only. “Bitcoin is based on proof-of-work,” she argued, indicating no appetite to diversify into proof-of-stake assets or stablecoins at the sovereign-reserve level.

At press time, BTC traded at $105,494.

Featured image created with DALL.E, chart from TradingView.com

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In a May 9 post on X, McGregor argued that Bitcoin aligns with the principle of financial empowerment.

“Crypto in its origin was founded to give power back to the people,” he wrote. “An Irish Bitcoin strategic reserve will give power to the people’s money.”

Bitcoin Price Surges to Over $104,000

McGregor’s proposal comes amid a sharp rally in Bitcoin, which recently surged to over $104,000.

He plans to elaborate on his vision during an upcoming X Spaces event, inviting key Bitcoin figures to join the conversation.

“We need the greatest minds for this BTC Reserve. Message me and let’s chat,” he responded to crypto influencer Anthony Pompliano.

U.S. presidential crypto advisor David Bailey also expressed interest, to which McGregor replied enthusiastically.

McGregor announced his independent run for the Irish presidency in March 2025, focusing on crime reduction and strict immigration policies.

Ireland’s next presidential election is scheduled no later than November 11, 2025, when the current term of President Michael D. Higgins ends.

While the idea of a Bitcoin reserve is bold, it’s uncharted territory for Ireland. Only a few nations—including the U.S., El Salvador, and Bhutan—have actively explored sovereign Bitcoin reserves.

Implementing such a strategy, especially from an independent candidate without party backing, would face significant political and regulatory hurdles.

McGregor’s crypto credibility has also come under question.

His previous blockchain venture, the REAL project, failed to meet its $1 million funding goal during its April pre-sale, raising just $392,315 before issuing refunds to investors. The project aimed to merge crypto and gaming but failed to gain traction.

Adding to his controversial profile, McGregor is appealing a recent civil conviction for sexual assault and has previously faced investigations over hate speech.

Bitcoin Holds Above $103K but Momentum Indicators Signal Weakness

Bitcoin is trading at $103,546 after peaking at $104,765, showing signs of slowing momentum following last week’s bullish rally.

While the price remains above key support, indicators suggest the market may be cooling off in the short term.

On the 30-minute chart, the RSI has dipped below the neutral 50 line to 44.64, reflecting reduced buying strength.

The MACD has also flipped bearish, with the signal line crossing above the MACD line — a common sign of potential downside pressure. Bollinger Bands are starting to narrow, indicating declining volatility.

Short-term movement on the 1-minute chart confirms the weakness, with the RSI hovering near 41.5 and the MACD turning negative.

Bitcoin is now trading near the lower Bollinger Band, signaling cautious sentiment among intraday traders.

If bulls fail to defend the $103,000 level, further downside could follow. However, holding above that mark would keep the broader uptrend intact for now.

The post UFC Fighter Conor McGregor Backs an Irish National Bitcoin Reserve as BTC Price Rallies appeared first on Cryptonews.