Bitcoin Mining Surge: Cango’s 50 EH/s Leap
@CangoInc shifts focus from auto trading to Bitcoin mining, aiming for 50 EH/s by early 2025, backed by Tencent and Bitmain ties, marking a significant industry move. #Update #Crypto (+7) ↗
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@CangoInc shifts focus from auto trading to Bitcoin mining, aiming for 50 EH/s by early 2025, backed by Tencent and Bitmain ties, marking a significant industry move. #Update #Crypto (+7) ↗
The White House crypto czar celebrates regulators’ removal of FDIC’s debanking rule, marking a significant victory for lawful digital asset innovation. #Update #Legal (+6) ↗
Over 5,000 U.S. banks can now enter crypto markets as the Federal Deposit Insurance Corporation (FDIC) lifts approval requirements, signaling a shift toward digital asset integration. #Update #Crypto (+6) ↗
Spot bitcoin ETFs saw a $93.16M outflow, ending a 10-day inflow streak, with @Fidelity’s FBTC notably impacted. Bitcoin ETFs down while Ether ETFs rise. #Update #ETF $BTC (-6) ↘
Crypto stocks experience double-digit declines as the crypto economy contracts by $150 billion since Monday, impacting shares across the board. #Update #Crypto (-7) ↘
$XRP is trading between $2.11 and $2.13, with a market cap of $123 billion and 24-hour volume of $3.39 billion amid volatile conditions. #Update #Crypto $XRP (-3) ↘
Bitcoin price at $82,193 with a market cap of $1.64 trillion, facing bearish momentum and pressure on $80K support levels as intraday range narrows. #Update #Crypto $BTC (-6) ↘
@Tether_to invests $10.8M in Be Water, acquiring a 30.4% stake to innovate content production and distribution, marking its expansion into media technologies. #Update #Media (+6) ↗
@DeutscheBank warns of risks to the U.S. dollar’s global reserve status due to concerns over the Federal Reserve’s liquidity backstop and dollar swap lines. #Update #Finance (-3) ↘
Russian Finance Minister Anton Siluanov stated BRICS is considering digital financial assets for economic independence in trade. #Update #Crypto (+3) →
The U.S. Department of Justice seeks civil forfeiture of $23 million in crypto following @Gotbit’s guilty plea for market manipulation. #Breaking #Legal (+9) ↗
@HashkeyGroup and Bosera received Hong Kong SFC approval for the first tokenized money market ETF, enhancing blockchain integration with traditional finance. #Update #ETF (+6) ↗
The FDIC announced banks can engage in legally permitted crypto activities without prior approval, reversing previous policy, following a similar decision by the Office of the Comptroller of the Currency. #Update #Legal (+3) →
Bitcoin’s computing power surged to a record 862 EH/s, surpassing the previous high of 852 EH/s, amid declining mining revenue. #Update #Crypto $BTC (+3) ↗