Riot Platforms Inks BitGo Custodial Services Agreement With BitGo Bank & Trust, NA; BitG To Serve As Custodian Of Riot's Digital Assets

STS Digital Named North America's Best Digital Assets Trading Platform/Venue by Euromoney

STS Digital, a Bermuda-regulated principal trading firm, has been named North America's Best Digital Assets Trading Platform/Venue by Euromoney. The award recognizes the firm's institutional-grade digital asset trading infrastructure and follows recent accolades including FOW's Digital Asset Provider of the Year. STS Digital has expanded its capabilities through partnerships with Clear Street and BitGo, introduced cross-asset portfolio margin, and launched its Quantitative Investment Strategies platform.

Shares of crypto-linked companies are trading lower as Bitcoin prices decline following the latest inflation data. Stronger-than-expected inflation has fueled expectations for tighter Federal Reserve policy, while rising Treasury yields and a stronger dollar are dampening risk appetite and weighing on speculative assets.

Top 4 Crypto Stocks to Watch This Week: BitMine, Strategy, Strive, BitGo

The top crypto stocks to watch this week include popular names like BitMine (BMNR), Strategy (MSTR), Strive and BitGo.

Shares of AI cloud services companies are trading lower amid persistent concerns over the debt required to sustain the AI infrastructure buildout. Sentiment is also under pressure following a Gartner warning about the outlook for neocloud providers, fueling concerns over the sustainability of spending on AI computing capacity.

Why Cipher Digital Stock Plunged 26% This Week

Cipher Digital (CIFR) stock fell 25.7% this week after announcing an $850 million convertible debt offering and exchanging $165.9 million of existing notes for 40.7 million common shares. While the dilution concerned investors, the company's 20-year Barber Lake lease extension boosting contracted revenue to over $9 billion and its pivot toward high-performance computing infrastructure provide long-term growth potential. Analysts view the sell-off as a potential buying opportunity despite execution risks from construction cost overruns.

Cantor Fitzgerald Maintains Overweight on Riot Platforms, Lowers Price Target to $24

Cantor Fitzgerald analyst Brett Knoblauch maintains Riot Platforms (NASDAQ:RIOT) with a Overweight and lowers the price target from $30 to $24.