In brief Tether unveiled plans for modular Bitcoin mining systems that separate compute from power and cooling infrastructure. The company partnered with Nasdaq-listed Canaan Inc. and ACME Swisstech to develop the hardware. Operators can upgrade individual components without replacing entire mining machines, allowing independent optimization of each system element. Tether, the company behind the world’s…
Bitcoin (BTC) headed to weekly lows after Tuesday’s Wall Street open as oil-supply woes panicked global markets. Key points: Bitcoin continues its come down from recent highs as new oil fears worsen already shaky market sentiment. US President Donald Trump avoids hints of lifting the Strait of Hormuz blockade. BTC price action falls below $76,000…
Bitcoin (BTC) is trading roughly 40% below its October 2025 record high near $126,000 despite its ongoing recovery. BTC/USD daily chart. Source: TradingView Still, some of the cryptocurrency’s loudest bulls, including billionaire investor Tim Draper and Fundstrat’s co-founder Tom Lee, have not backed down from their $250,000 year-end prediction, a target that would require more…
Anti-Money Laundering enforcement has overtaken securities violations as the leading regulatory threat facing crypto companies, according to CertiK, with the United States Department of Justice and Financial Crimes Enforcement Network imposing over $1 billion in AML-related fines during the first half of 2025. The shift marks a sharp break from the US Securities and Exchange…
In brief Trump spent nearly an hour at Mar-a-Lago on Saturday speaking with top holders of his meme coin. The president discussed the Iran war, crypto, China, and Joe Biden with a mostly foreign crowd of attendees. The gathering came as Trump’s crypto ventures face growing scrutiny in Washington. President Donald Trump on Saturday attended…
In brief Trump spent nearly an hour at Mar-a-Lago on Saturday speaking with top holders of his meme coin. The president discussed the Iran war, crypto, China, and Joe Biden with a mostly foreign crowd of attendees. The gathering came as Trump’s crypto ventures face growing scrutiny in Washington. President Donald Trump on Saturday attended…
Mike Novogratz’s digital asset company Galaxy Digital posted a $216 million loss in the first quarter of 2026, extending losses from the prior year. Galaxy Digital (GLXY) reported first-quarter earnings Tuesday of a loss of $0.49 per diluted share, compared with a loss of $0.86 in Q1 2025. The earnings came in ahead of expectations,…
In brief Galaxy Digital posted a first-quarter net loss of $216 million, or $0.49 per share, an improvement compared to a deficit of $295 million a year ago. The company attributed its second consecutive quarterly loss to a tepid crypto market. Founder and CEO Mike Novogratz said the firm’s first-quarter blow was cushioned by Hyperliquid…
The Aave-linked recovery group DeFi United has published a technical implementation plan to restore rsETH backing after the April 18 Kelp bridge exploit released 116,500 rsETH, worth about $293 million at the time, without a corresponding burn on Unichain. The plan would convert committed Ether (ETH) into rsETH in tranches and deposit the tokens into…
Paxos Labs has integrated its Amplify platform with Toku to let employees earn yield on stablecoin salaries as soon as they are paid, without moving funds off-platform or giving up custody. The feature applies to balances held in Toku wallets, allowing users to opt in and earn yield on USDC (USDC), USDt (USDT) and USDG…