COINDESK DAILY: Robinhood to Buy Crypto Exchange Bitstamp; Core Scientific Rejects CoreWeave's Buyout Offer

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4.7 • 698 Ratings

🗓️ 6 June 2024

⏱️ 2 minutes

🔗️ Recording | iTunes | RSS

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Summary

Host Helene Braun breaks down the latest news in the crypto industry from Robinhood's announcement on its Bitstamp acquisition to CoreWeave's more than $1 billion buyout offer for Core Scientific. To get the show every day, follow the podcast here. "CoinDesk Daily" host Helene Braun breaks down the biggest headlines impacting the crypto industry today, as trading platform Robinhood announced on Tuesday that it has agreed to acquire crypto exchange Bitstamp for $200 million in cash. Plus, Core Scientific has rejected the more than $1 billion buyout offer from cloud computing firm CoreWeave and Binance can once again allow Mastercard users to purchase crypto on the exchange. - This episode was hosted by Helene Braun. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	Trading Platform Robin Hood announced on Tuesday that it has agreed to acquire Crypto Exchange BitStam for $200 million in cash.
0:11.0	BitStam is a UK-based exchange that was founded in 2011 and quickly became one of the largest crypto exchanges in Europe.
0:19.1	The deal is expected to close in the first half of 2025,
0:23.3	and the acquisition is hoped to allow Robin Hood to expand its crypto presence globally
0:28.3	and attract institutional clientele. Core Scientific has rejected the more than $1 billion
0:35.0	buyout offer from cloud computing firm CoreWeaf, according to the firm's press release on Thursday.
0:41.9	CoreWeave made the offer to buy the miner on Tuesday the same day, the two firms signed a 200-magawatt deal to host Corweef's high-performance computing services.
0:52.5	Core Scientific Sport believes that the offer to buy the Bitcoin
0:55.6	miner for $5.75 per share significantly undervalues the firm. MasterCart is understood to be
1:04.1	resuming services for payments and deposits and crypto on Binance. This capability was switched
1:10.0	off by the card giant in August of 2023, when Binance was
1:14.7	grappling with multiple charges brought by the SEC and CFTC.
1:19.6	MasterC's withdrawal services have not been resumed, but this is expected to happen at a later
1:25.1	date.
1:25.8	And that's it for Coiness Daily.
1:27.3	Get more updates on CoinDesk.com, and we'll see you next time.

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