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Bitcoin mining difficulty paints new ATH amid centralization fears

Bitcoin mining difficulty paints new ATH amid centralization fears

The Bitcoin mining difficulty, a metric that tracks the relative challenge of adding new blocks to the ledger, climbed to a new all-time high of 142.3 trillion on Friday.Mining difficulty hit successive all-time highs in August and September, driven by an influx of freshly deployed computing power …

Polymarket odds on CZ presidential pardon surge after X profile change

Polymarket odds on CZ presidential pardon surge after X profile change

Cryptocurrency enthusiasts are speculating that former Binance CEO Changpeng “CZ” Zhao is closer to receiving a pardon from US President Donald Trump after a change to his social media profile.The odds of Zhao receiving a pardon from Trump on the prediction platform Polymarket increased to an all-ti…

From Accumulation to Anxiety: Crypto Treasury Firms Confront Harsh Market Realities

From Accumulation to Anxiety: Crypto Treasury Firms Confront Harsh Market Realities

September is showing an uneasy mood across digital asset treasuries (DATs).What began as a year of aggressive accumulation by corporate players has now run into the harsh reality of collapsing market net asset values (mNAVs), investor caution, and punishing stock declines.DATs Holding Top Crypto Ass…

Bitcoiners chasing a quick Lambo are heading for a wipeout: Arthur Hayes

Bitcoiners chasing a quick Lambo are heading for a wipeout: Arthur Hayes

BitMEX co-founder Arthur Hayes says Bitcoin holders need to be more patient and stop worrying about stocks and gold hitting record highs, because asking why Bitcoin isn’t higher misses the point.“If you thought you were buying Bitcoin and the next day you were buying a Lamborghini, you’re probably g…

OpenAI, Microsoft reach restructuring agreement over for-profit arm

OpenAI, Microsoft reach restructuring agreement over for-profit arm

Artificial intelligence company OpenAI has signed a non-binding memorandum of understanding with its largest investor, Microsoft, to restructure its business.In a Thursday notice, OpenAI said the move, first proposed in May, would allow its for-profit arm to transition to a public benefit corporatio…

Metaverse ‘still has a heartbeat’ as NFT sales jump 27% in August

Metaverse ‘still has a heartbeat’ as NFT sales jump 27% in August

Metaverse-related non-fungible token sales rose 27% in August from the month prior, suggesting people could be “slowly sneaking back into virtual worlds,” according to an analyst from DappRadar. There was $6.5 million in metaverse trading volume across August, down slightly from July but coming from…

FTX estate redeems $45 million worth of Solana from staking: on-chain data

FTX estate redeems $45 million worth of Solana from staking: on-chain data

The FTX and Alameda estate has redeemed another tranche of Solana from staking, blockchain analytics provider EmberCN reported.According to on-chain data cited by EmberCN, the bankrupt crypto entities redeemed about 192,000 SOL, worth roughly $44.9 million, from staking positions on Thursday. The la…

SharpLink Expands Ethereum Treasury to 837,230 ETH

SharpLink Expands Ethereum Treasury to 837,230 ETH

SharpLink Gaming (SBET) disclosed that it purchased more than $176 million in ETH during the final week of August. The acquisition raised its total stash to 837,230 ETH, valued at nearly $3.6 billion as of August 31.While its ETH strategy draws attention, the company’s stock performance has offered …

Coinbase mixes crypto and tech stocks in upcoming futures index

Coinbase mixes crypto and tech stocks in upcoming futures index

Crypto exchange Coinbase is set to roll out a futures product tracking the top US tech stocks, crypto exchange-traded funds, and its own shares to offer exposure to equities and crypto in a single contract.Coinbase Derivatives said on Tuesday it’s launching the “Mag7 + Crypto Equity Index Futures” o…

Ether ETFs hit $13.7B as inflows surge and corporate treasuries grow

Ether ETFs hit $13.7B as inflows surge and corporate treasuries grow

Ether spot exchange-traded funds (ETFs) have seen steady growth since their US debut in July 2024, while corporate treasuries tied to the token are also on the rise. Inflows into Ether (ETH) funds climbed 44% this month, rising from $9.5 billion on Aug. 1 to $13.7 billion on Aug. 28, according to cr…

Programmable money gains traction with $100M in startup raises

Programmable money gains traction with $100M in startup raises

Venture investors have poured nearly $100 million into stablecoin startups, backing new infrastructure for programmable money.M0, a Switzerland-based platform that lets developers issue custom stablecoins, announced a $40 million Series B raise on Thursday led by Polychain Capital and Ribbit Capital…

Gryphon stock soars 231% ahead of September American Bitcoin merger

Gryphon stock soars 231% ahead of September American Bitcoin merger

Gryphon Digital Mining is set to merge with Trump-linked American Bitcoin in September, with its shares already up 231% since the May announcement.Gryphon’s shares jumped 42.1% on Thursday to $1.75 from $1.35, according to Google Finance. The rally came as American Bitcoin’s largest investor, Hut 8 …