Google could take stake in TeraWulf’s $19B AI project

Kraken's parent buys Aave and Google could get a stake in Terawolf's AI project if Anthropic defaults. This is CoinDesk Daily. I don't know what I'm talking about. Want trusted crypto research? Check out The Stack, Grayscale's blog. Visit grayscale.com slash the stack. Payward, the parent company of crypto exchange Kraken and its clients, have acquired an undisclosed amount of Aave tokens, expanding the company's push into DeFi. The tokens were bought on the secondary market with Payward and Aave exploring opportunities to collaborate in the future, according to a statement. CoinDesk first reported in June that Kraken was in talks to buy a 15% stake in Aave Group. Thursday's announcement mentions Only tokens, not equity. Standard Chartered's Venture Arm and Japan's SBI Group have invested in crypto insurer Soter, joining a Galaxy-led round. Soter's total backing is now $23.5 million, plus 500 Bitcoin and 2,000 Ether, roughly $66 million in all. Soter sells coverage against hacks, theft, and software failures, and pays claims in the same crypto the policy is funded in. And Google could become part owner of a data center project developed by Bitcoin miner Terawolf. If Anthropic fails to meet its rental obligations, according to a newly disclosed agreement, the Silicon Valley giant agreed to backstop Anthropic's obligations under a 20-year, $19 billion lease covering 401 megawatts of computing capacity at its Kentucky campus, Terawolf said in a Wednesday filing. Get more updates on CoinDesk.com. Want trusted crypto research? Check out The Stack, Grayscale's blog. Visit grayscale.com slash the stack.