Category: CryptoX News

CleanSpark (CLSK) Shares Fall 5% as Convertible Note Offering Grows to $1.15B

Shares of bitcoin miner and data-centre operator CleanSpark (CLSK) fell 5% after the company announced an upsized convertible bond offering of $1.15 billion. The move is part of a broader trend among bitcoin miners and AI-focused data infrastructure firms tapping the debt markets for fresh capital amid rapid sector growth. CryptoX Research reveals that AI-aligned bitcoin miners are witnessing a record issuance of convertible debt, indicating investor demand for hybrid exposure to both bitcoin and computing infrastructure. The Las Vegas-based CleanSpark is offering 0% Convertible Senior Notes due 2032, following strong demand that led to an increase from its initial target. The firm will use approximately…

Coinbase and BVNK Cancel $2 Billion Acquisition Deal

Coinbase and stablecoin startup BVNK have reportedly parted ways on a $2 billion acquisition deal that would have been among the largest crypto company deals ever and would’ve significantly expanded Coinbase’s institutional stablecoin offering. Fortune reported on Tuesday that the decision was mutual, but it isn’t clear why the parties sought to cancel the deal. Coinbase and BVNK, which builds stablecoin infrastructure, had reached the due diligence stage of the deal after signing an exclusivity agreement in October. “After discussing a potential acquisition of BVNK, both parties mutually agreed to…

Bitcoin’s Down Again: Is It the Government Shutdown or AI?

The leading cryptocurrency eased to $103K on Tuesday afternoon after climbing as high as $107K following a breakthrough in Congress to end the ongoing government closure. Government Shutdown or AI Bubble? The Reason Bitcoin is Down Japanese investment giant Softbank reported on Tuesday that it had offloaded its entire $5.83 billion stake in Nvidia, sending […] Source CryptoX Portal

‘Cryptoqueen’ scammer Zhimin Qian jailed 11 years in the UK

Zhimin Qian, the Chinese “cryptoqueen” arrested for masterminding a $5.5 billion Bitcoin scam, has received an 11-year jail sentence in the U.K. Summary Chinese Bitcoin scammer Zhimin Qian has been handed an 11 years prison sentence. The 47-year old masterminded a multi-billion-dollar crypto scam that impacted 128,000 victims in China. UK authorities seized 61,000 BTC from Qian following her arrest. Zhimin Qian, 47, the mastermind of a major crypto fraud scheme that saw over 128,000 people across China defrauded between 2014 and 2017, was sentenced to 11 years and eight…

Senate Approves Funding Bill to Reopen US Gov’t, Awaits Vote in House

The US government is moving closer to reopening after more than 40 days of being shut down, following several Democratic lawmakers in the Senate siding with Republicans to pass a funding bill. On Monday, the US Senate held a late-night vote for a bill “continuing appropriations and extensions for fiscal year 2026,” which passed 60 to 40 in the chamber. The bill is expected to fund the government through Jan. 31, 2026, provided it passes in the House of Representatives and is signed into law by President Donald Trump. As…

A New Hyperliquid Rival Raises Fund at $1.5B Valuation Amid $279B Volume

Crypto derivatives startup Lighter has closed a $68 million funding round at a $1.5 billion valuation ahead of its token-generation event, backed by high-profile investors including Founders Fund, Ribbit Capital, Haun Ventures and Robinhood Markets, according to a Fortune report. Founded by Vladimir Novakovski, Lighter is a zk-rollup perpetual-futures exchange built on Ethereum, offering zero fees for retail users and advanced on-chain proofs for order matching and liquidations. DefiLlama data shows that Lighter has posted a 30-day perpetual trading volume of $279.5 billion, with a 24-hour volume of $10.7 billion…

If the crypto bull run is ending… it’s time to buy a Ferrari: Crypto Kid

Efe Kelemci — better known on YouTube as Crypto Kid — is facing a pretty wild decision for an 18-year-old. Should he blow almost a million dollars on a sports car, or hodl? “I’m thinking, if this bull market is coming to an end, then maybe taking profit into a nice Ferrari could make sense just for passion,” the Dubai-based crypto content creator and entrepreneur tells Magazine. Before you roll your eyes, the teenage crypto millionaire swears it’s about admiring the sports car’s beauty, not flexing like a stereotypical flashy…

Wirex to Launch Cardano Card Global Payments Solution

Emurgo, the investment arm of Cardano, partners with Wirex to issue the Cardano Card, bringing multi‑chain crypto spending to millions. At the Cardano Summit in Berlin, Emurgo announced a strategic partnership with Wirex to issue the Cardano Card, a multi‑chain crypto card integrated into the Wirex app and immediately visible to Wirex’s six million users […] Source CryptoX Portal

Bitcoin (BTC), Ether (ETH) Prices Hold Steady as Traders Brace for Next Big Move

The crypto market consolidated on Tuesday with bitcoin BTC$105,320.13 and ether ETH$3,579.82 trading at $105,000 and $3,550, respectively. Traders are keeping an eye on whether prices to see if they form a lower high, signaling a downtrend, or continue to rally. A drop below $98,000 for bitcoin would confirm the bearish scenario, while a move above the Nov. 2 high of $111,000 would present a bullish outlook. Recent volatility in the crypto market has been driven by dollar strength, with the DXY index rallying from 96.2 on Sep. 18 to…