Cango Inc., a publicly traded company listed on the New York Stock Exchange, has completed its transformation into a Bitcoin miner. Cango, a Chinese firm listed in the United States that announced plans to pivot into a Bitcoin (BTC) mining… Original
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…
Ether ETFs kept their momentum with a $534 million inflow, while bitcoin ETFs saw a second consecutive day of outflows totaling $68 million. Trading activity stayed strong as ETH products pushed toward $20 billion in net assets. Ether ETFs Hit 13-Day Streak While Bitcoin ETFs Struggle With Another $68 Million Exit The shift in investor […] Original
Jack Dorsey’s technology company Block joined the Standard & Poor’s 500 (S&P 500) index on Wednesday, marking the third public company with Bitcoin holdings to join the global benchmark. Block holds 8,584 Bitcoin (BTC) worth approximately $1 billion, according to BitcoinTreasuries.NET. That stash makes Block the 13th-largest corporate holder of BTC. The company’s shares on the NYSE exchange have jumped nearly 14% over the past five days since the company announced it would join the S&P 500. The S&P 500 tracks 500 of the largest publicly listed US companies. Among…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Rep. Bryan Steil (R) Wisconsin explains legislation expected for crypto and expects all bills will pass the house. He also discusses regulation and conflict of interest in an interview with Sonali Basak and Tim Stenovec on “Bloomberg Crypto.” ——– More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: Visit for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on:…
Key Notes The zero coupon convertible notes allow investors to exchange bonds for MARA stock at predetermined prices if shares rise. MARA’s stock dropped 12% following the announcement, suggesting negative investor sentiment toward the debt strategy. Up to $50 million will repay existing debt while remaining funds target Bitcoin reserves and power infrastructure expansion. MARA Holdings, Inc. announced on July 23 that it intends to raise, subject to market conditions and other factors, $850 million by selling a special type of bond called a “zero coupon convertible note” to institutional…
Key point: XRP (XRP) rose to a multi-year high above $3.66 on Friday, indicating aggressive buying by the bulls. That helped XRP’s market capitalization exceed that of the global fast-food giant McDonald’s on Monday. However, the failure to sustain the momentum may have tempted short-term buyers to book profits after the sharp run-up. What are the critical support and resistance levels to watch out for? Let’s analyze the charts to find out. XRP price prediction XRP’s failure to climb above the $3.66 resistance in the past few days has started…
In a recent segment, Jim Cramer—an American television personality, author, and former hedge fund manager best known as the energetic host of CNBC’s Mad Money and an anchor on CNBC’s Squawk on the Street—shared his views on bitcoin as a hedge against the ballooning U.S. debt. ‘They Don’t Want the Debt, They Want Bitcoin’ – […] Original
US President Donald Trump released his plan to make the United States the “world capital” of artificial intelligence (AI) on Wednesday, outlining steps to ease data center regulations, revise federal content standards and prioritize government contracts for select AI developers. The report, published by the White House, presents a three-pillar plan, with initiatives to encourage open-source AI development for applications across law, healthcare, defense, science, education and manufacturing. One of the plan’s key policy goals is to “protect freedom of speech” and online expression within AI models. According to the…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version