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New hyperliquid rival raises fund at $1.5 billion valuation on $279 billion volume

Crypto derivatives startup Lighter closed a $68 million funding round at a valuation of $1.5 billion ahead of its token generation event, backed by high-profile investors including Founders Fund, Ribbit Capital, Haun Ventures and Robinhood Markets, according to a Fortune report. Founded by Vladimir Novakovski, Lighter is a zk-rollup perpetual futures exchange built on Ethereum, […]

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CRWV Stock Falls 9% on Weak Outlook, Data Center Delays, CORZ Fallout

CoreWeave’s (CRWV) downtrend worsened after the company warned that data center delays would impact its fourth-quarter results. The cloud computing provider specializing in AI infrastructure saw its shares fall 9% pre-market to $96, falling below $100 for the first time since September. According to PK Press Club, the company reported third-quarter revenue of $1.36 billion

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Bitdeer (BTDR) shares fell 20% on bigger-than-expected third-quarter net loss and ASIC chip delay

Bitdeer Technologies Group (BTDR), a bitcoin BTC$105,212.80 The miner and equipment maker, which announced a strategic pivot into artificial intelligence and data center infrastructure in October, fell 20% on Monday after saying its next-generation ASIC chip was delayed and reporting a wider-than-expected third-quarter loss. The net loss widened to $266.7 million, or $1.28 per share,

Bitdeer (BTDR) shares fell 20% on bigger-than-expected third-quarter net loss and ASIC chip delay Read More »

Gemini (GEMI) Stock Price Falls After Crypto Exchange Profits Below Estimates

Gemini Space Station (GEMI), the crypto exchange founded by Tyler and Cameron Winklevoss, reported a larger-than-expected third-quarter loss in its first earnings release since going public. Significant spending, including marketing and IPO-related costs, resulted in a net loss of $159.5 million, or $6.67 per share, in the period. That’s double the per-share loss of $3.24

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China accuses US of stealing 127,000 BTC in high-profile crypto hack

A Chinese cybersecurity watchdog is accusing the U.S. government of involvement in a major cryptocurrency heist, escalating tensions over a years-long mystery involving 127,000 stolen bitcoins, now worth about $13 billion. China’s National Computer Virus Emergency Response Center (CVERC) released a technical report on Sunday claiming that the US Department of Justice seized BTC that

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Margins rise 0.71% to $524.31, breaking $520 resistance

Market Overview According to CoinDesk Research’s technical analysis data model, BCH$515.72 posted strong gains on Tuesday, rising 0.71% to $524.31 and outperforming the broader crypto market by 4.75%. The rally was accompanied by strong trading interest, with 24-hour volume surging 25.76% above its seven-day average, signaling institutional participation behind the move. BCH traded between $504.38

Margins rise 0.71% to $524.31, breaking $520 resistance Read More »

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