Category: News

American Bitcoin Stock Jumps 12% on Miner Expansion

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Shares of American Bitcoin, the Trump family-linked mining company, surged approximately 12% on April 22 after the firm announced it had completed the deployment of 11,298 new ASIC miners at its Drumheller, Alberta site, expanding its active fleet to roughly 89,242 machines. Summary American Bitcoin deployed 11,298 new ASIC miners at its Drumheller facility, adding 3.05 exahash per second of capacity and pushing total hashrate to 28.1 EH/s. The stock jumped approximately 12% to $1.38 on the news, extending a broader recovery as Bitcoin prices climbed. The expansion reinforces American…

Shariah-Compliant PUSD Stablecoin Integrates With ADI Chain

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PUSD, a Shariah-compliant stablecoin backed by Gulf currencies, is set to deploy on ADI Chain, a Layer 2 network focused on institutional settlement in the Middle East. According to an announcement shared with Cointelegraph, the stablecoin has about $2.3 billion in circulation and is backed 1:1 by reserves held in Saudi riyals and UAE dirhams, which are pegged to the US dollar.  It is already available on multiple blockchains, including Ethereum, BNB Chain, Solana and Tron, with ADI Chain marking its latest integration. The stablecoin is positioned to provide access…

Cardano’s Leios Upgrade and Bitcoin DeFi Tool Pogun Headline Input Output’s 2026 Funding Slate – Bitcoin News

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Key Takeaways: Input Output submitted 9 Cardano treasury proposals totaling $38.9M, nearly 50% less than its 2026 ask. The Leios upgrade targets 1,000+ TPS and is scheduled to hit the Cardano mainnet by the end of 2026. DReps have until May 24, 2026, to vote on all proposals through Intersect’s governance platform. Input Output Cuts Cardano Treasury Ask to $38.9M for 2026, Down Nearly 50% From Last Year The reduction is deliberate. In a release shared with Bitcoin.com News, IO says it is moving toward a self-sufficient model and intends…

Bitcoin Analyst Predicts Lowest Level Before Run To $200,000

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A crypto analyst has presented a new analysis, forecasting Bitcoin’s (BTC) next all-time high and potential market bottom. According to the analyst, BTC’s long-term price outlook could depend heavily on where its current market bottom forms. The analysis draws on historical cycle patterns and bear markets that preceded BTC’s explosive upward rallies. Based on these patterns, the expert projects that if BTC has found a bottom near $60,000, then the next likely top could be around $200,000.  Bitcoin Cycle Analysis Points To Final Market Bottom Crypto market expert Ardi has…

Bears Are Fully In Control Of Bitcoin And It Will Crash Below $60,000, Here’s Why

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A crypto analyst has suggested that Bitcoin (BTC) is still in a bear market despite its recent price rally, warning that the cryptocurrency could be headed for a deeper correction below $60,000. The call comes amid repeated failed breakouts and weakening momentum, raising doubts about any near-term recovery. According to the analyst, the current price structure suggests bears remain firmly in control, with downside risks continuing to build.  Why Bitcoin Is Still Bearish Despite Recent Rebounds A technical analyst known as JDK Analysis on X has shared fresh insights into…

XRP Eyes Breakout, But Failure At $1.53 Could Trigger Sell-Off

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XRP is approaching a critical resistance zone as momentum builds toward a potential breakout. However, with price still struggling to clear the $1.53 level, the risk of rejection remains high. A failure at this key barrier could quickly shift sentiment and trigger a move lower, making the next reaction crucial for direction. Wave E Nears Completion As XRP Tests Key Resistance CasiTrades has highlighted that XRP is currently approaching a definitive stage in its market cycle, specifically moving toward the completion of Wave E within a larger consolidation pattern. Technical…

American Bitcoin boosts Trump-linked hash power to 28.1 EH/s

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American Bitcoin, co‑founded by Eric and Donald Trump Jr., has energized 11,298 new ASICs, lifting owned hash rate to 28.1 EH/s as it doubles down on low‑cost BTC accumulation. Summary American Bitcoin, the Trump family–backed miner, has energized 11,298 new ASIC machines, lifting its owned hash rate to about 28.1 EH/s. The expansion increases total fleet size to roughly 89,242 miners and represents a 12% boost in capacity, adding about 3.05 EH/s at 13.5 J/TH. Around 58,999 miners are currently online, delivering roughly 25.0 EH/s at 14.1 J/TH, as the…

US Military Runs Bitcoin Node, Conducts Operational Tests, Indo-Pacific Commander Tells Senate – Bitcoin News

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Key Takeaways: Admiral Samuel Paparo confirmed INDOPACOM runs a live Bitcoin node and is conducting operational network security tests as of April 21, 2026. Paparo’s Senate testimony marks a public U.S. military shift toward Bitcoin’s protocol architecture as a tool in great-power competition with China. Sen. Tommy Tuberville’s Bitcoin questions at the April 21 hearing signal growing Congressional interest in a Strategic Bitcoin Reserve debate. Top U.S. Pacific Commander Confirms Bitcoin Node at Senate Armed Services Hearing Admiral Samuel J. Paparo Jr., Commander of U.S. Indo-Pacific Command, made the disclosure…

Gensyn Network Debuts Delphi, a Permissionless AI Prediction Market Platform, on Mainnet – Bitcoin News

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Key Takeaways: Gensyn launched Delphi on mainnet April 22, 2026, marking the network’s first live application with real economic value. Delphi’s fee model burns 70% of protocol revenue and routes 29% to a Community Treasury, affecting AI token supply. Market creators earn 1.5% of trading volume, with the $AI token generation event anticipated in the coming weeks. Gensyn’s Delphi Goes Live Delphi is a permissionless, AI-settled information markets platform. Anyone can create a market on any topic, from bitcoin price targets to sports outcomes to geopolitical events. Users buy and…

Why Analysts Say Bitcoin’s Rise to $79,500 Lacks Conviction

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Key Takeaways: Bitcoin surged to $79,500 on April 22, hitting a 72-hour high after President Trump extended an Iran ceasefire. A massive short squeeze liquidated $207 million in bets as bitcoin’s market cap climbed toward $1.58 trillion. QCP analysts expect a holding pattern for BTC until oil drops or the Federal Reserve offers clearer signaling. $207M in Shorts Liquidated Bitcoin’s aggressive rally intensified over the last 72 hours, tacking on $5,000 to reach an intraday peak of $79,500 on April 22 (11.15 a.m. EST). This surge marks the first time…