President Trump set off the mother of short squeezes on Sunday with his crypto reserve post, but gains are quickly reversing during early U.S. trading on Monday. Bitcoin (BTC) has slipped about 5% in the past hour, now trading at $89,500. It’s still up from roughly the $85,000 area prior to the president’s social media … Read more
CoreWeave, an AI firm in close partnership with bitcoin miner Core Scientific (CORZ), filed for an initial public offering (IPO) today. The company is expected to raise $4 billion, with a valuation of more than $35 billion. Today’s filing showed the company had seen $1.9 billion in revenue in 2024, resulting in a net loss … Read more
The new chief counsel of the U.S. Securities and Exchange Commission’s (SEC) freshly-created Crypto Task Force is a crypto lawyer. Mike Selig, who was named chief counsel of the task force in a Monday announcement from the SEC, was previously a New York-based partner at white-shoe international law firm Willkie Farr & Gallagher, where he … Read more
Bitcoin mining firm Hut 8 took $331 million in net income in 2024, according to the company’s latest financial report. The firm benefited significantly from the rise in bitcoin’s price over the year. Hut 8 finished the year with a reserve of 10,171 bitcoin (BTC), worth approximately $905 million at the time of writing. The … Read more
Hybrid layer-2 network BOB’s mission to make Bitcoin the center of the decentralized finance (DeFi) universe continues through its integration with crypto custody firm Fireblocks. The integration means the over 2,000 entities using Fireblocks will get access to BOB’s DeFi ecosystem, which has total value locked (TVL) of around $250 million. These users can now … Read more
President Trump’s announcement on Sunday that he plans to establish a federal cryptocurrency reserve sent digital asset markets soaring. However, it also reignited concerns over potential conflicts of interest, this time involving David Sacks, the venture capitalist who serves as Trump’s crypto and artificial intelligence czar. The president said on Sunday that a future U.S. … Read more
Late at night on March 2, popular streamer Amouranth, whose real name is Kaitlyn Siragusa, made a series of posts on X saying she was the subject of a home invasion by robbers who “wanted crypto is what they were yelling.” Source: Amouranth In November 2024, Amouranth posted a screenshot from her Coinbase account showing … Read more
Late at night on March 2, popular streamer Amouranth, whose real name is Kaitlyn Siragusa, made a series of posts on X saying she was the subject of a home invasion by robbers who “wanted crypto is what they were yelling.” Source: Amouranth In November 2024, Amouranth posted a screenshot from her Coinbase account showing … Read more
Sunday’s Trump bump in crypto has mostly vanished nearly as quickly as it appeared. In mid-afternoon U.S. action, bitcoin (BTC) is changing hands at $86,700, barely above its level prior to President Trump taking to social media Sunday to tout his plans for coming U.S. crypto reserve. Ether is now actually beneath its pre-Trump level … Read more
At the Bitcoin Conference in Nashville in July, Donald Trump pledged to create a “strategic national bitcoin reserve.” By Sunday morning March 2, that reserve also included ether (ETH), XRP, Solana (SOL) and Cardano (ADA) alongside bitcoin (BTC). Trump’s message on Truth Social said his presidential working group was moving forward on creating the larger-scope … Read more