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Bitcoin mining stocks are rallying as Bitcoin surpasses $92,000 and Ethereum exceeds $3,000, boosting equities like BitMine, CleanSpark, and Riot Platforms. This surge reflects renewed investor confidence amid market rebounds and potential Federal Reserve rate cuts. BitMine shares up 4.47% today and 27% over five days, trading at $33.16, driven by its $11 billion Ethereum […]
Wingtech Technology Co. has appealed to the Dutch Supreme Court to regain control of its subsidiary Nexperia, challenging a ruling that transferred its shares to a trustee and removed its founder as CEO amid government intervention concerns. Wingtech contests the forced share transfer and CEO removal as a breach of due process. The appeal links […]
Gautam Adani is investing $5 billion in Google’s new AI data center hub in Visakhapatnam, India, through AdaniConneX, a joint venture with EdgeConneX. This project aims to create India’s largest AI infrastructure campus, supporting widespread AI adoption across sectors amid booming demand. The investment, confirmed by Adani’s CFO Jugeshinder Singh, will fund a massive data […]
The Chicago Mercantile Exchange halted trading for approximately 10 hours due to a cooling issue at its Illinois data center, disrupting derivatives markets and sparking trader frustration. Service resumed fully on Friday, allowing Bitcoin futures to climb from $90,940 to over $93,000. Trading disruption lasted from Thursday into Friday, affecting global derivatives traders during low-volume […]
Bitcoin whales have flipped from short to long positions, closing bearish bets at a loss and opening leveraged bullish trades amid a market rebound. Key support sits at $84,570, while resistance looms at $112,340, potentially dictating the cryptocurrency’s next major move. Major Bitcoin whales closed short positions at losses and reopened with leveraged longs, signaling […]
KuCoin has secured a Markets in Crypto-Assets (MiCA) license from Austria’s Financial Market Authority (FMA), allowing the exchange to offer regulated crypto-asset services across all 27 EU member states via the EU passporting system. This milestone enhances user trust and compliance in the European market. KuCoin’s MiCA license enables seamless expansion across the EEA without […]
Tom Lee’s Bitcoin price prediction for 2025 remains bullish, forecasting the cryptocurrency to surpass $100,000 before year-end despite recent consolidation below $95,000. This outlook is driven by deleveraging in the market and broader financial resilience, signaling a potential swift recovery from current fear-driven sentiment. Bitcoin’s all-time high reached $124,500, followed by a pullback that has […]
Perpetual futures, or perps, are derivative contracts without expiration dates that provide continuous exposure to underlying assets like cryptocurrencies or equities. Pioneered by BitMEX in 2016, they offer high leverage and deep liquidity, revolutionizing trading. Traditional finance giants like SGX and CBOE are now adopting similar products by 2025, signaling a shift toward 24/7 markets. […]
The Canton Network is a next-generation layer-1 blockchain designed for institutional finance, emphasizing privacy, interoperability, and real-world asset tokenization. Developed over a decade by Digital Asset, it avoids traditional ICOs to focus on sustainable tokenomics and secure transactions for large-scale users. Canton Network launches without ICO, prioritizing institutional needs and privacy-preserving tech. Tharimmune’s $540 million […]