The SEC alleges Mining Automatic and its founder raised $22 million from investors by promising guaranteed crypto mining returns while spending only a fraction of the funds on mining operations. The US Securities and Exchange Commission (SEC) has sued crypto mining investment business Mining Automatic and its founder, Zan Shaikh, alleging they raised $22 million...Continue Reading

The wallet company said it expected the layoffs to generate between $10 million and $13 million in savings as part of its strategy to build a full-stack card issuance and payments platform. Cryptocurrency wallet company Exodus will cut a quarter of its workforce in a restructuring move toward stablecoin payments infrastructure. In a Friday notice,...Continue Reading

Bitcoin miners rallied as investors cheered multi-billion-dollar AI infrastructure contracts, underscoring the sector’s accelerating shift toward data centers and cloud computing. Shares of several Bitcoin mining companies surged Monday after Hut 8 and IREN announced major AI infrastructure deals, reinforcing investor optimism around miners expanding into artificial intelligence and high-performance computing. IREN, Cipher Digital, CleanSpark,...Continue Reading

The Ethereum treasury firm added 7,430 ETH over the past week, bringing its holdings to nearly 5% of the network’s circulating supply. Top Ethereum treasury company Bitmine said Monday its Ether holdings had reached 5.78 million tokens, representing about 4.8% of Ethereum’s circulating supply, as the company closed in on its stated goal of accumulating...Continue Reading

The West African country’s executive order established a virtual asset council and addressed the fragmentation of crypto regulation for oversight and enforcement. President Bola Ahmed Tinubu of Nigeria has moved to address what his office called the fragmentation of digital asset regulation. The Nigerian president’s special adviser Bayo Onanuga said that an executive order signed...Continue Reading

The brokerage’s blockchain strategy, including tokenized equities and its Arbitrum-based Robinhood Chain, could reduce its reliance on traditional crypto trading, analysts said. Analysts at Bernstein have raised their price target on Robinhood Markets, based on their investment thesis that the online brokerage’s next phase of growth will be driven by tokenized equities and prediction markets...Continue Reading

Bitcoin faced troublesome resistance at $65,000 while traders still saw a potential BTC price breakout into a “bullish market structure.” Traders balked on Bitcoin (BTC) at $65,000 on Monday as crypto and risk-assets remained under pressure. Key points: Data from TradingView showed BTC price volatility returning around Monday’s Wall Street open. Read moreContinue Reading

The Bitcoin miner raised its year-end AI cloud revenue target to more than $4 billion after signing $2.8 billion in new contracts with AI developers. Bitcoin miner IREN’s shares rose around 15.7% on Monday after the company raised its year-end AI cloud annualized run-rate revenue target to more than $4 billion following $2.8 billion in...Continue Reading

Renowned trading analyst Peter Brandt says investing in Bitcoin today, will pay off much better in two to three years than buying AI stocks at current prices. Veteran trader Peter Brandt says he has pinpointed the exact day in 2026 when he expects Bitcoin to hit the bottom of this market cycle. “I’ll go out...Continue Reading

Zilliqa said exchanges paused ZIL deposits and withdrawals after an exchange partner’s cold wallet was compromised, with the amount stolen still undisclosed. Zilliqa, a layer-1 blockchain network, said it is investigating a security incident involving an exchange partner after ZIL was stolen from a cold wallet. In an X post on Monday, Zilliqa said it...Continue Reading