Newscasts - Crypto Weekly: Bitcoin's boom, Russia's cross-border crypto

Core Scientific

10/07/2025 12:48

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Source: 'Reuters - Business videos'

Description: From why Bitcoin has climbed even higher, to how Russian businesses are getting round cross-border sanctions. Ciara Lee rounds up the to crypto stories from the week.

Short Link: https://refini.tv/408zaea

Video Transcript:

From Bitcoin reaching fresh heights to Russia's cross-border tactics. This is Crypto Weekly. Bitcoin climbed to an all-time high near $112,000 late on Wednesday. The rise was driven by investors buying in as their risk appetite rose. Bitcoin has risen 18% since the beginning of the year. CoreWeave will buy crypto miner Core Scientific in an all-stock deal valued at about $9 billion, it said on Monday. It comes as AI infrastructure firms race to secure the energy and data center capacity needed to power surging demand. Bitcoin miners' energy-intensive sites and power contracts, built during the crypto boom, have emerged as prime targets for AI companies expanding their computing infrastructure. Dubai's Emirates has signed a preliminary deal with Crypto.com which will allow its customers to make payments through the crypto trading platform's payment service. The partnership is expected to come into effect next year. The airline says it aims to tap into younger, tech-savvy customer segments who prefer digital currencies. Russian companies are successfully using netting, gold, and cryptocurrency to facilitate international payments. That's what the head of Russia's financial watchdog told President Vladimir Putin on Tuesday. Netting involves banks managing export and import payments through verified agents, with transactions centrally balanced to ensure counterparties receive their funds.