Tag: Report

Hashprice Near Critical Level, Bitcoin Miners Feel the Squeeze: Report

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Bitcoin’s mining sector is under mounting pressure as the hash price, the industry’s key profitability metric, slips toward levels that could force smaller operators offline and strain the wider supply chain. Hash price, which measures expected daily revenue per unit of computational power, is currently around $42 per petahash per second (PH/s). The metric has been in steady decline since July, when it surged above $62 per PH/s. The push toward the $40 level leads Bitcoin mining operations, which are already facing razor-thin profit margins, to consider shutting down their…

Bitcoin Undervalued Against Gold At $100,000, Says New JPMorgan Report

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Key points: Bitcoin joins US stocks in erasing its latest gains as market nerves heighten over US economic cues. Fed interest rate cut odds slowly increase, but analysis says that risk assets could get a nasty surprise. JPMorgan now sees Bitcoin as undervalued against gold. Bitcoin (BTC) wobbled below $102,000 at Thursday’s Wall Street open as US stocks dipped on macro data. BTC/USD one-hour chart. Source: Cointelegraph/TradingView BTC price trends down with stocks Data from Cointelegraph Markets Pro and TradingView showed BTC price losses nearing 2% on the day. BTC/USD…

US Lawmakers to Meet with Trump’s Crypto Czar, Discuss Bill: Report

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Discussions over the digital asset market structure bill currently being considered in the US Senate are reportedly still happening amid the longest government shutdown in the country’s history. According to a Tuesday Politico report, Republican Senator John Boozman with the Senate Agriculture Committee — one of the committees that will need to approve the bill before consideration in the full chamber — will discuss the market structure legislation with White House crypto and AI czar David Sacks and Democratic Senator Cory Booker. The reported call will come as lawmakers prepare…

Binance CEO Denies Allegations Company Pushed Trumps’ Stablecoin: Report

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Richard Teng, CEO of the global cryptocurrency exchange Binance, has reportedly denied allegations that the company played a role in selecting a stablecoin issued by a Trump family-backed crypto business as part of a multibillion-dollar deal.  According to a Tuesday CNBC report, Teng said Binance “didn’t partake” in the decision to use USD1, the stablecoin launched by the Trump family’s World Liberty Financial business, for a $2 billion deal with an Abu Dhabi-based company, MGX. The Binance CEO spoke amid scrutiny from many lawmakers after US President Donald Trump issued…

Sen. Warren Says CZ Legal Threats ‘Without Merit’: Report

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A lawyer for US Senator Elizabeth Warren has hit back at allegations that she defamed Binance founder Changpeng Zhao in a social media post following US President Donald Trump’s pardon of him. The New York Post reported on Tuesday that Zhao’s lawyer, Teresa Goody Guillén, threatened to sue Warren for “defamatory statements that impugn his reputation” unless she removed an Oct. 23 X post that cited “corruption” in Trump’s pardon of Zhao that same day. Warren’s lawyer Ben Stafford said in a letter to Goody Guillén on Sunday obtained by…

MARA’s Exaion deal could bar EDF from Bitcoin mining, AI and cloud for two years: Report

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Key Takeaways Investigative journalists uncovered a hidden clause in the sale agreement between Électricité de France and MARA. The deal would restrict the state energy giant’s ability to engage in any high-performance computing activity for two years. Share this article Bitcoin mining giant MARA Holdings announced in August it had acquired a 64% stake in Exaion, a subsidiary of Electricité de France (EDF), in a deal valued at approximately $168 million. The deal is part of MARA’s strategy to expand into artificial intelligence (AI) and high-performance computing (HPC) infrastructure. According…

DYdX Planning US Market Entry by 2026: Report

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Decentralized exchange dYdX is reportedly preparing to enter US markets by the end of 2025, its president Eddie Zhang said. According to a Reuters report published Thursday, the company plans to enter the United States in the coming months, expanding its offerings to include spot trading on cryptocurrencies, such as Solana (SOL). “It’s very important for us as a platform to have something available in the United States, because I think it represents, hopefully, the direction we’re trying to move in,” said Zhang, according to Reuters. DYdX specializes in perpetual…

Amid US Gov’t Shutdown, Lawmakers Working to Pass Market Structure: Report

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Many US senators are reportedly moving to advance a bill for crypto market structure rules amid a government shutdown with no end in sight. According to a Bloomberg report published on Thursday, several Republicans in the Senate, including those with leadership positions on key committees, plan to pass legislation on digital asset market structure by the end of the year, in line with their initially announced timeline. Despite thousands of government employees being furloughed across several agencies amid the shutdown, members of Congress continue to receive their paychecks and are…

OpenAI Prepares IPO at $1T Valuation For 2026: Report

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Artificial intelligence company OpenAI is reportedly preparing an initial public offering (IPO) for late 2026, which could see the world’s largest startup reach a trillion-dollar valuation. The AI company is reportedly preparing to launch its IPO at a $1 trillion valuation, which would include a $60 billion capital raise, according to three anonymous sources familiar with the matter, Reuters reported on Thursday. The filing may reach US securities regulators in the second half of 2026, putting OpenAI on track to debut on public markets ahead of its previously announced 2027…

Mastercard Eyes $2B ZeroHash Acquisition: Report

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Mastercard is reportedly in advanced talks to acquire crypto and stablecoin infrastructure startup zerohash in a deal valued from $1.5 billion to $2 billion, according to multiple sources familiar with the negotiations. The news, reported by Fortune on Wednesday, follows earlier efforts by Mastercard to expand its footprint in stablecoin infrastructure. The global payments giant previously explored acquiring BVNK, a London-based stablecoin startup, in a deal valued near $2 billion, according to sources familiar with the talks. While no deal has been announced, sources said Mastercard was outbid by centralized…