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CleanSpark reports $162.3 million in quarterly revenue: ‘Why buy bitcoin at current prices when we can mine it for $34,000?’

CleanSpark reports $162.3 million in quarterly revenue: ‘Why buy bitcoin at current prices when we can mine it for $34,000?’

Bitcoin miner CleanSpark reported revenues of $162.3 million for the fourth quarter of 2024, up 120% year-over-year, at a marginal cost to mine of approximately $34,000 per bitcoin.The company’s net income came in at $246.8 million in Q4, or $0.85 per basic share, compared to $25.9 million, or $0.14…

SEC advances Grayscale’s Solana ETF proposal following 19b-4, seeks public input

SEC advances Grayscale’s Solana ETF proposal following 19b-4, seeks public input

The U.S. Securities and Exchange Commission has started to solicit public comments on a proposal to list and trade the Grayscale Solana Trust, which would convert it into an exchange-traded product.On Thursday, the SEC issued a notice acknowledging a filing from NYSE Arca, proposing to list and trad…

Ex-Celsius CEO Alex Mashinsky seeks delayed prison sentencing

Ex-Celsius CEO Alex Mashinsky seeks delayed prison sentencing

Former Celsius CEO Alex Mashinsky's lawyers asked for his sentencing to be pushed back after the former exec pleaded guilty to criminal charges.In a court filing on Wednesday, lawyers for Mashinsky asked for his sentencing to be pushed back a month from April 8 to May 8, 2025."The defense wants to e…

Czech president signs law exempting capital gains taxes on crypto held for three years

Czech president signs law exempting capital gains taxes on crypto held for three years

President of the Czech Republic Petr Pavel has signed the bill exempting bitcoin holdings of more than three years from capital gains tax — a largely symbolic act that officially makes the historic bill the law of the land, according to local news sources.The tax exemption bill, which was unanimousl…

Sygnum forecasts that a $1 billion Strategic Bitcoin Reserve purchase could trigger a $20 billion market cap surge

Sygnum forecasts that a $1 billion Strategic Bitcoin Reserve purchase could trigger a $20 billion market cap surge

Sygnum’s Head of Investment Research, Katalin Tischhauser, has forecasted a potential price trajectory for bitcoin in a scenario in which each $1 billion of inflows from a potential U.S. strategic bitcoin reserve could spark a multiplier effect — significantly expanding the digital asset’s market ca…

CFTC’s Pham seeks ‘common-sense’ regulation of prediction markets in new roundtable

CFTC’s Pham seeks ‘common-sense’ regulation of prediction markets in new roundtable

The Commodity Futures Trading Commission announced Wednesday that it will hold a public roundtable to examine prediction markets, where its acting chair Caroline D. Pham expressed the need for more clarity in regulating such platforms.“Unfortunately, the undue delay and anti-innovation policies of t…

Berachain outlines tokenomics ahead of mainnet launch and airdrop

Berachain outlines tokenomics ahead of mainnet launch and airdrop

The Berachain Foundation outlined Berachain’s tokenomics ahead of the much-anticipated Layer 1’s mainnet launch on Thursday, Feb. 6.According to tokenomics documents released on Wednesday, of the 500 million BERA tokens issued at Genesis, 48.9% are allocated to the community, including 15.8% for an …

Sen. Warren takes a stand on crypto debanking and criticizes banks for closing accounts as issue heats up in Washington

Sen. Warren takes a stand on crypto debanking and criticizes banks for closing accounts as issue heats up in Washington

U.S. lawmakers hashed out different approaches to debanking, as the issue over whether the crypto industry has been shut out by banks heats up in Washington.Republicans have been leading the charge of concerns around crypto debanking, especially over the last several weeks with calls for investigati…

Ransomware extortion drops 35% in 2024 amid crypto exchange crackdowns and increasing refusal to pay: Chainalysis

Ransomware extortion drops 35% in 2024 amid crypto exchange crackdowns and increasing refusal to pay: Chainalysis

Ransomware payments dropped 35% to $813 million in 2024 — down 35% from the record-breaking $1.25 billion extorted by cybercriminals the year before, according to blockchain analytics firm Chainalysis.Per Chainalysis’ 2025 crypto crime report, the attackers had looked set for another record payday i…

Ondo Finance launches tokenization platform for open onchain access to US securities

Ondo Finance launches tokenization platform for open onchain access to US securities

Tokenized real-world asset issuer Ondo Finance launched Ondo Global Markets, a new platform designed to open up onchain exposure to U.S. public securities such as stocks, bonds and exchange-traded funds.“What stablecoins did for dollars, Ondo Global Markets will do for securities,” Ondo wrote in its…

Bitcoin miner Bitdeer acquires Canadian power project for $21.7 million

Bitcoin miner Bitdeer acquires Canadian power project for $21.7 million

Bitcoin mining firm Bitdeer has completed a $21.7 million deal to acquire a 101-megawatt power project in Alberta, Canada, as the company continues to scale up its mining operations.The Nasdaq-listed firm announced on Tuesday that it acquired the site, with permits and licenses, on 19 acres of land …

Ethereum supply climbs to pre-Merge upgrade levels; analysts point to Dencun ‘blob’ update

Ethereum supply climbs to pre-Merge upgrade levels; analysts point to Dencun ‘blob’ update

Ethereum’s token supply has climbed to its highest since January 2023, matching levels seen before The Merge update that took place on Sept. 15, 2022.According to data from ultrasound.money, ether supply currently stands at 120,521,523 ETH, which is around 383 ETH higher than the supply seen on the …