Iranian officials have raised concerns over the rising strain crypto mining is placing on the nation’s electricity grid, claiming that the activity now contributes to as much as 20% of the country’s energy imbalance. Key Takeaways: Iranian officials say crypto mining now contributes up to 20% of the country’s electricity shortfall. Over 900,000 illegal mining…
World Liberty Financial, a crypto project linked to U.S. President Donald Trump, has continued its aggressive Ethereum accumulation strategy, purchasing another $1 million worth of ETH. According to data from Akhram, the platform acquired 256.75 ETH at an average price of $3,895 in a transaction carried out roughly 23 hours ago. Source: Akhram World Liberty…
Ethereum is on the spotlight as BitMine Immersion Technologies stock took a sharp hit on Monday, falling over 25% despite a fresh round of bullish messaging from Tom Lee of FundStrat. Investors seemed unconvinced by the plan to make BitMine a major holder and staker of Ethereum. The dip came after shares slid over 10%…
A new study has revealed the extent of sensitive information leaked through ransomware attacks and data breaches, including key financial documents and crypto keys. Key Takeaways: Unstructured files like financial documents and crypto keys are being widely exposed in breaches. Cryptographic keys were found in 18% of incidents, posing serious security risks. Cybercriminals are mining…
Tron, Nasdaq-listed company formerly known for selling theme park souvenirs, has filed to register up to $1 billion in securities as it shifts its core strategy toward building a crypto treasury centered on TRX, the native token of the Tron blockchain. Key Takeaways: Tron Inc. plans to raise up to $1B to build a TRX-based…
Mill City Ventures III, a Nasdaq-listed non-bank lender, has raised $450 million in a private placement to overhaul its business model and establish a cryptocurrency treasury centered on Sui, the native token of the Sui blockchain. Key Takeaways: Mill City Ventures raised $450M to build the first public Sui token treasury. 98% of the funds…
Lawmakers from South Korea’s two biggest political parties have unveiled stablecoin bills. The bills’ authors concur on many points, but interest payment plans appear to be a sticking point. The South Korean media outlet Newsprime reported that the ruling Democratic Party (DP) and the main opposition People Power Party (PPP) both unveiled their bills, authored…
With the Altcoin Season Index hovering near 40 and Bitcoin dominance rising again, traders are scanning for selective opportunities outside the majors. While not a full-fledged altseason, the current environment is rewarding tokens that connect narrative rotation with actual usage. Uniswap, Arbitrum, and Raydium stand out as examples of DeFi protocols attracting renewed attention as…
Cathie Wood’s ARK Invest has named SOL Strategies as its new Solana staking provider, marking a deeper move into crypto-native yield strategies. The decision will see ARK transition the ARK Digital Asset Revolutions Fund’s Solana validator operations to the infrastructure operated by SOL Strategies, a publicly traded Canadian company, and the institutional custodian BitGo. ARK…
Global payments giant PayPal has launched a payment method that allows U.S. merchants to transact in more than 100 cryptocurrencies through some of the largest crypto wallets, with fees reduced by up to 90%, PayPal claims. According to the press release, Pay with Crypto will become available to U.S. merchants “in the coming weeks.” The…