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BitMine appoints new CEO amid Ether buying spree
BitMine held about $11 billion worth of ETH as of this week, making it the largest Ether treasury in the cryptocurrency industry.
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Stablecoin demand is growing, and it can push down interest rates: Fed’s Miran
Federal Reserve Governor Stephen Miran argued that stablecoins’ potential multi-trillion-dollar growth over the next five years will help push down interest rates.
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Stablecoins strengthen the dollar and empower the developing world
Dollar-backed stablecoins reinforce U.S. currency dominance while democratizing finance in developing nations, countering China’s debt-trap diplomacy.
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Evernorth’s unrealized XRP losses expose mounting pressure on DATs: CryptoQuant
The latest crypto downturn is hammering companies that built their business models around holding digital assets.
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EU considers delaying AI Act rollout amid US and Big Tech pressure
After adopting the AI Act last year, the European Union is considering easing certain provisions amid mounting pressure from the US and Big Tech.
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Circle’s Arc attracts South Korea’s first won-backed stablecoin experiment
Circle’s Arc has seen strong early adoption, with over 100 global financial and fintech giants, including BlackRock, Goldman Sachs, Visa and Mastercard, joining its public testnet.
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Bitfarms plunges 18% after plan to wind down Bitcoin mining ops
Bitfarms said it plans to shift its Bitcoin mining sites over the next two years and convert them to power AI, starting with its major site in Washington.
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Bitcoin implodes as volatility from Big Tech, AI bubble fears, spreads to crypto
Bitcoin price corrected alongside major US equities as a tech-led sell-off and investor concerns over AI spending and a Federal Reserve policy shift hit markets hard.
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TeraWulf Q3 revenue up 87% as Bitcoin nearly doubles over the year
TeraWulf reported the average price of Bitcoin during Q3 was $114,390, compared to only $61,023 for the same period last year.
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Bitcoin ETFs bleed $866M in second-worst day on record, but some analysts still bullish
Bitcoin ETFs saw $866 million in outflows as the US shutdown ended, pushing BTC to a six-month low and raising concerns over market structure and investor demand.