Bitcoin miner Cango (CANG) completed the sale of 4,451 BTC over the weekend, raising around $305 million in USDT, as it looks to reduce leverage and reposition its business around artificial intelligence infrastructure. The company said it raised $305 million from the sale, suggesting an average sale price of about $68,524 per coin, or not […]
BTC miner sold more than half of his holdings Read More »
Bitmine Immersion Technologies (BMNR) added to its ether ETH$2,034.15 inventory amid last week’s crypto crash, bringing its stack up to more than 4.3 million tokens worth about $8.7 billion at the current price just above $2,000. Led by chairman Tom Lee, the company, which is the world’s largest holder of ETH, purchased an additional 40,613
Aptos (APT) fell 9.4% and NEAR Protocol (NEAR) fell 8%, leading to a lower index.
CoinDesk 20 Performance Update: Bitcoin Cash (BCH) Only Gainer, Up 3.4% Read More »
Strategy (MSTR) added to its bitcoin BTC$69,118.76 holdings, but appears to have made all his purchases before the deep price drop in the back half of the week. Led by Chairman Michael Saylor, the company added 1,142 bitcoins for $90 million, or an average price of $78,815 each. The strategy’s stack now stands at 714,644
MSTR bought $90 million in bitcoin last week Read More »
Kris Marszalek, founder and CEO of crypto exchange Crypto.com, spent $70 million to buy ai.com, the highest publicly disclosed price paid for a website domain, the FT reported. The acquisition signals the executive’s move into artificial intelligence, a sector set to reach nearly $1.5 trillion in worldwide spending by 2025, according to Gartner. Momentum will
Crypto.com founder Kris Marszalek buys ai.com domain name for record $70 million: FT Read More »
Crypto markets opened the week under pressure, extending losses after a volatile weekend like bitcoin BTC$70 411.45 showed tentative signs of stabilizing below $70,000. Although the largest cryptocurrency fell more than 2.8% over the past 24 hours, it is still well off its recent lows of around $60,000. Still, it has struggled to regain momentum
Bitcoins BTC$68,657.39 mining difficulty fell by around 11%, the biggest drop since China’s 2021 crackdown on the industry, following a sharp drop in hash rate triggered by falling prices and widespread winter storm-related outages in the US Mining difficulty, which determines how difficult it is to find new Bitcoin blocks, is adjusted approximately every two
Mining problems drop the most since 2021 as miners capitulate Read More »
Bitcoin BTC$69,630.63 dipped to nearly $60,000 early this month, wiping out large chunks of value across the crypto market and evaporating some trading assets. Most observers pinned the slide on macro forces, including the capitulation of spot ETF holders (and potential rumors of funds blowing out their positions). Yet another quieter force, one that typically
Here’s how ‘invisible hands’ likely accelerated bitcoin’s crash to $60,000 Read More »
A new report from digital asset manager CoinShares is pushing back on the growing narrative that bitcoin is facing an imminent quantum computing crisis, arguing that only a small fraction of the supply is realistically at risk in a way that could move markets. CoinShares is the fourth largest manager of digital asset exchange-traded products
Here’s why the quantum threat to bitcoin may be less than people fear Read More »
Story Protocol co-founder SY Lee defended the project’s decision to push its first major IP token unlock to August 2026 in a recent interview with CoinDesk, saying blockchain needs “more time” to build usage and that near-zero on-chain turnover is “the wrong metric” for an intellectual property and AI data network. The six-month delay keeps
Story co-founder defends token unlock delay, says project needs ‘more time’ Read More »
