Canaan Inc. (CAN), maker of Bitcoin mining hardware and operator of crypto mining infrastructure, said it purchased a 49% stake in a joint venture related to several mining projects in West Texas from Cipher Mining (CIFR) for $39.75 million in stock. The transaction covers Cipher’s interest in the ABC projects, which include Alborz LLC, Bear […]
RedotPay, a Hong Kong-based stablecoin payments company, plans to raise more than $1 billion in an initial public offering (IPO) in the United States, which could value it at more than $4 billion. Sources familiar with the matter told Bloomberg that the company, which achieved unicorn status in September last year, had tapped banking heavyweights
Bit2Me, Spain’s largest cryptocurrency exchange, recorded a trading volume of 5.3 billion euros (about $6.24 billion) in 2025, eight times more than in 2023, as it transitioned from a consumer-facing platform to a back-end infrastructure for banks and law enforcement. This volume was accompanied by growth in business-to-business revenue, which increased from 18% of the
Bitcoin BTC$63,083.82once hailed as an anti-establishment asset and an antithesis of Wall Street, can now pander to the savvy traders on those same floors. Trading of the leading cryptocurrency is gradually moving to the CME Group, and the exchange’s move to 24/7 derivatives later this year could solidify its role as the dominant venue for
Bitcoin Price Discovery Moves to Chicago Read More »
Blockchain investigator ZachXBT has not yet named the target. Polymarket punters are already taking this into account. A prediction market asking which crypto company ZachXBT will expose to insider trading has generated nearly $3 million in volume since the on-chain detective posted on X that a “major investigation” into one of the most profitable crypto
Macroeconomic nervousness due to the emergence of AI disruption trading is compounding weakness in native cryptocurrencies, with the majors posting weekly losses of 8-11% across the board. Bitcoin slipped to around $62,900 on Tuesday, down 2.1% for the day and 7.5% for the week, extending a sharp decline that has so far refused to produce
BTC, ETH, SOL and XRP extend losses as alarming AI trading disrupts risky markets Read More »
High-frequency trading powerhouse Jane Street is accused of insider trading that accelerated the 2022 collapse of crypto project Terraform Labs, which destroyed billions in investor wealth. Todd Snyder, the administrator behind Do Kwon’s shuttered Terraform Labs, has sued Jane Street, seeking damages from co-founder Robert Granieri and employees Bryce Pratt and Michael Huang, according to
Jane Street faces insider trading allegations that hastened Terraform’s 2022 collapse Read More »
Bitcoin BTC$63,342.49 fell below $63,000 during Asian trading hours, extending overnight weakness amid President Donald Trump’s tariffs and AI jitters that have soured investor sentiment. The leading cryptocurrency by market value is already down nearly 7% for the week, trading at levels last seen on Feb. 6, when prices nearly plummeted to $60,000, according to
Bitdeer (BTDR), a Singapore-based mining and AI infrastructure company, has reduced its Bitcoin cash reserve to zero, marking a sharp break from the miners’ playbook of accumulating coins as a conviction signal seen by companies like Strategy (MSTR). The company said its BTC holdings were zero as of February 20, excluding customer deposits. It produced
Bitdeer sold all its bitcoins (BTC) to finance its transition to AI data centers Read More »
Ethereum co-founder Vitalik Buterin is dumping millions of ether (ETH), adding downward pressure to an already weak market. Buterin sold 1,869 ether, worth $3.67 million, over two days, after withdrawing 3,500 ether from Aave, according to data tracked by blockchain detective Lookonchain. The price of Ether fell nearly 3% over the past 48 hours, hitting
Ethereum Co-Founder Vitalik Buterin Sells More Ether as Prices Continue to Fall Read More »
