Business

TeraWulf started as a Bitcoin miner, running specialized computer warehouses to earn newly issued coins, a business whose margins tightened after last year’s halving cut the mining reward in half. Like many of its peers, it has instead shifted its power capacity and sites toward hosting AI computing, where a single tenant with a long

The streak began on June 30, when an anonymous wallet submitted a proposal to move Treasury holdings to a wallet it controlled, according to Chainalysis. To pass, the proposal required a positive vote equal to 1% of BONK’s bid, the quorum or minimum participation required for it to take effect. On July 4 and 5,

• Volume exceeded the seven-day average by 16.19%, enough to show participation but not enough to confirm a clear breakout. • The strongest activity came near the session low around $1.1110 when volume reached 106.5 million XRP, approximately 129% above the 24-hour average. • Buyers then pushed XRP towards $1.1507, but the move failed to

“Institutional supply has all but disappeared,” said Yusuf Fakhro, partner at ARP Digital, pointing to CME futures open interest at a 32-month low and a maturity structure at its tightest since early 2023. He added that six-month options bias, a measure of how much traders pay to protect against a downside, reached its fourth highest