Day: March 5, 2026

CleanSpark Sells Most February BTC Output, Generating $36.6M in Proceeds

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US Bitcoin miner CleanSpark last month sold 553 Bitcoin from its February production for about $36.6 million, while producing 568 BTC during the month, according to the company’s latest operational update. The company ended February with 13,363 BTC (BTC) in its treasury and continued expanding its infrastructure by completing the closing on a second Texas campus that adds 300 megawatts of ERCOT-approved power capacity. The Electric Reliability Council of Texas, or ERCOT, operates the state’s electrical grid. CleanSpark said its deployed fleet totaled 235,588 mining machines at the end of…

Geopolitical tensions drag crypto lower as Middle East conflict escalates

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War has a way of clarifying what traders actually believe about risk assets. Six consecutive days of US and Israeli airstrikes targeting sites across Iran have sent shockwaves through global markets, and crypto — despite its growing reputation as a macro hedge — is getting dragged down with everything else. Bitcoin slipped below $72K, Ethereum drifted near $2,100, and Solana fell under $90 as capital fled toward traditional safe havens like gold and US Treasuries. The broader picture is getting worse, not better. Kurdish opposition groups are now signaling potential…

Coinbase CEO Brian Armstrong faces shareholder lawsuit over compliance failures and disclosures

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Brian Armstrong and several of Coinbase’s most senior leaders are now defendants in a shareholder derivative lawsuit that accuses them of issuing misleading statements about how the exchange safeguarded customer assets, vetted token listings, and maintained anti-money laundering programs. The complaint, filed March 3 in the US District Court for the District of New Jersey, covers a period from April 2021 through June 2023 — years during which the company went public, grew into the dominant US exchange, and attracted a cascade of regulatory actions. The suit was brought by…

Berkshire Hathaway resumes buybacks for first time since 2024 as CEO Greg Abel also buys stock

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Berkshire Hathaway has resumed repurchasing its own shares for the first time since the second quarter of 2024, according to a new regulatory filing that signals the conglomerate again sees its stock trading below intrinsic value. The company disclosed it began buying back Class A and Class B shares on March 4 under its long standing repurchase policy, which allows Berkshire to buy stock whenever management believes the market price is below its conservatively estimated intrinsic value. The move comes as Berkshire sits on roughly $373.3 billion in cash and…

Trump Son Echoes President’s Anti-Bank Message amid Stablecoin Yield Fight

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The post from Eric Trump, tagging his crypto company, came hours after his father claimed banks were holding a market structure bill “hostage.” Eric Trump, son of US President Donald Trump and one of the co-founders of the family-backed crypto business World Liberty Financial, has jumped on the anti-bank messaging that many in the industry are espousing amid disagreements over how to handle stablecoin rewards. In a Wednesday X post, Eric Trump echoed his father, claiming that banks were “desperately targeting” cryptocurrencies and stablecoins as discussions lag on the market…

OpenAI launches GPT-5.4 with improved reasoning, coding, and computer use capabilities

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OpenAI has launched GPT-5.4, a new frontier model designed for professional workloads, combining advanced reasoning, coding, and agent-based workflows into a single system. The model is rolling out across ChatGPT, the API, and Codex, with a higher-performance GPT-5.4 Pro version also available for complex tasks requiring maximum compute and accuracy. GPT-5.4 integrates the coding capabilities introduced in GPT-5.3 Codex while improving performance across tools, software environments, and professional tasks such as spreadsheets, presentations, and document creation. The model can also outline its reasoning plan in advance within ChatGPT, allowing users…

Ethereum Taps $2.2K as Traders Brace for a Potential Trend Change

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Market analysts said Ether’s (ETH) uptrend was confirmed after the latest 25% recovery to $2,200 from its multi-year lows below $1,800. Key takeaways: Ether rose to $2,200 on Wednesday, as onchain data shows signs of returning demand. ETH price support around $2,100 remains key for the bulls to hold. Ether sellers are “losing control” Ether’s net taker volume suggests that “sellers may be losing control” as demand for ETH derivatives returned, data from CryptoQuant shows.  Net taker volume, a metric that measures the imbalance between buyers and sellers in derivatives…

SoFi taps BitGo to support distribution of its SoFiUSD stablecoin

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SoFi Technologies has selected BitGo Bank & Trust as its technology and infrastructure partner to support SoFiUSD, a SoFi Bank-issued stablecoin. BitGo, through its Stablecoin-as-a-Service platform, will deliver technology and operational infrastructure that allows SoFi to issue SoFiUSD on a public, permissionless blockchain. The platform targets forward-looking institutions that need both modern technology and a trusted foundation, BitGo CEO Mike Belshe said in a statement. He noted that SoFiUSD showcases how regulated banking can combine with blockchain efficiency while BitGo supplies the infrastructure for safe and scalable issuance. The OCC-regulated…

38% of Altcoins Hovering Near All-Time Low Prices — Analyst

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An estimated 38% of altcoins are now hovering near all-time lows, which is worse than the post-FTX market crash, according to CryptoQuant analyst Darkfost. The current market is “unfavorable” for risk-on assets, and the crypto markets are the first to absorb this risk-off posturing, he said, adding: “For comparison, this metric reached 35% in April 2025 and 37.8% just after the FTX crash. This chart perfectly illustrates the current situation for altcoins. Investors remain cautious and continue to lose interest in altcoins.”  The percentage of altcoins trading at or near…

Core Scientific Lands $500M Morgan Stanley Credit Line, Expandable to $1B

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Bitcoin mining and data center company Core Scientific has closed a $500 million loan facility with Morgan Stanley, with the option to expand the financing to as much as $1 billion. According to a company announcement on Thursday, the financing may be used for general corporate purposes tied to building and expanding data center assets, including equipment purchases, real estate acquisition and securing additional power agreements. The company operates large-scale data centers in several US states, including Texas, Georgia and North Carolina, hosting both Bitcoin (BTC) mining equipment and other…