The funding follows a $305 million Bitcoin sale and increases a key investor’s voting power to nearly 50%, as the company restructures its balance sheet amid sector volatility. Read More at https://cointelegraph.com/news/cango-raises-75-5m-in-equity-as-bitcoin-miner-pivots-toward-ai-infrastructure?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Category Archives: Uncategorized
ETH ETF holders in ‘worse position’ than BTC ETF peers as crypto market looks for bottom
Bitcoin and Ether spot ETF holders are nursing steep losses as the market continues to search for a local bottom, but data from Bloomberg suggests neither cohort is capitulating. Read More at https://cointelegraph.com/news/eth-etf-holders-in-worse-position-than-btc-etf-peers-as-crypto-market-looks-for-bottom?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin analysts predict ‘prolonged’ consolidation phase for BTC price
Glassnode analysts said Bitcoin remains stuck between “key cost-basis levels,” adding that a prolonged consolidation period may lie ahead for BTC even if traders are actively buying dips to the range lows. Read More at https://cointelegraph.com/news/bitcoin-analysts-predict-prolonged-consolidation-phase-for-btc-price?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Trump family’s WLFI plans FX and remittance platform: Report
The platform hopes to capture a fraction of the more than $9.6 trillion in daily trading volume in the foreign currency exchange market. Read More at https://cointelegraph.com/news/trump-wlfi-foreign-exchange-remittance?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The real ‘supercycle’ isn’t crypto, it’s AI infrastructure: Analyst
AI data center spending is eclipsing crypto’s hoped-for supercycle as Bitcoin miners shift capital toward high-performance computing infrastructure. Read More at https://cointelegraph.com/news/ai-infrastructure-supercycle-bitcoin-miners-pivot-data-centers?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin must close week at $68.3K to avoid ‘bearish acceleration’: Analyst
Bitcoin may continue to copy its 2022 bear market if bulls fail to reclaim the 200-week exponential moving average by the end of the week, new analysis said. Read More at https://cointelegraph.com/news/bitcoin-may-close-week-at-68-3k-to-avoid-bearish-acceleration-analyst?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
How a Bitcoin promotion error triggered a regulatory reckoning in South Korea
A mistaken Bitcoin payout revealed how exchange ledgers work and why South Korea is rethinking internal controls for crypto platforms. Read More at https://cointelegraph.com/news/how-a-bitcoin-promotion-error-triggered-a-regulatory-reckoning-in-south-korea?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Binance teases Bitcoin bullish ‘shift’ as crypto sentiment hits record low
Bitcoin net taker volume flipped positive after a month of “aggressive” selling, but sentiment crashed to its lowest levels in crypto market history. Read More at https://cointelegraph.com/news/crypto-sentiment-sees-record-low-as-binance-teases-bitcoin-stabilization?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Is this crypto winter different? Key observers reevaluate Bitcoin
The current market downswing could be driven by institutional investors exiting positions, as crypto still presents too much risk for them. Read More at https://cointelegraph.com/news/crypto-winter-different-observers-reevaluate-bitcoin?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin miner outflows spike in January, but public sales remain limited
Onchain data shows nearly 49,000 BTC moved from miner wallets in two days, but public disclosures suggest the transfers do not reflect broad capitulation. Read More at https://cointelegraph.com/news/miner-outflows-spike-public-miners-steady-january?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound