Cango, a Bitcoin miner, has temporarily reduced approximately 30% of its mining capacity, lowering its average operating hashrate to 34.55 EH/s from the 50 EH/s it had deployed, due to declining mining profitability. This move […]
Utexo has successfully raised $7.5 million to advance its efforts in settling USDT transactions on the Bitcoin network. The investment round received backing from Tether, which aims to support the development of infrastructure for USDT […]
Bitcoin has fallen below $69,000, primarily driven by unexpected weakness in the February US job market, which has created a risk-off sentiment among investors. Additionally, ongoing geopolitical tensions in the Middle East and President Trump’s […]
Kazakhstan has recently become the holder of the 8th-largest government Bitcoin reserve, with estimated holdings of 3,544 BTC, as reported by the National Bank of Kazakhstan. This strategic move is part of a broader initiative […]
Bitcoin Spot ETF flows are stabilizing after a period of prolonged outflows, with the latest 14-day netflow trend indicating a reversal as institutional interest begins to return. This shift comes as Bitcoin has surpassed the […]
River Financial, led by founder Alexander Leishman, has announced that it now holds over 25,000 BTC in custody. This increase in their Bitcoin holdings underscores the company’s commitment to full-reserve custody, which emphasizes security and […]
CleanSpark has sold 97% of its February Bitcoin production, totaling 553 BTC for approximately $36.65 million, to finance its expansion into AI data centers. With a current holding of 13,363 BTC, CleanSpark operates at about […]
On March 6, $26.8 billion in cryptocurrency options will expire, including 32,000 Bitcoin options and 184,000 Ethereum options. This significant expiry is part of the regular weekly and monthly options cycles conducted by crypto exchanges, […]
The Bitcoin reserve in centralized exchanges (CEXs) has dropped below 2,708,000 BTC, marking the lowest level since November 2018. This decline is part of a broader trend where Bitcoin balances on these exchanges have been […]
Solv Protocol reported a limited exploit that drained approximately $2.7 million from its Bitcoin yield vaults, primarily affecting less than 10 users. The incident involved the abuse of a double-minting flaw in a ‘BitcoinReserveOffering’ contract, […]