Canaan Inc. (NASDAQ: CAN), an innovator in Bitcoin mining, reported today their bitcoin mining update for the month ending May 31, 2025, with 109 bitcoins mined. The company’s total bitcoin holdings rose to 1,466 BTC. “In May 2025, despite the 10% increase in tariffs on our Malaysia-made Bitcoin mining machines due to ongoing U.S. trade … Read more
The Paramount Studios in Los Angeles on April 29, 2024. Eric Thayer | Bloomberg | Getty Images Paramount Global is cutting its U.S.-based staff by 3.5%, or several hundred employees, in the latest round of layoffs at the media company as it contends with the decline of the traditional pay-TV bundle and macroeconomic headwinds. The … Read more
Ahead of today’s markup of the CLARITY Act in the House Financial Services and Agriculture Committees on June 10, crypto industry leaders are sounding the alarm over a last-minute amendment. According to a post on X by popular crypto journalist Eleanor Terrett, crypto leaders think that new amendments in the CLARITY Act grant the SEC … Read more
US investment manager Guggenheim is expanding its digital commercial paper offering through a partnership with Ripple, underscoring the growing convergence between traditional finance and crypto-native enterprises. Under the partnership, Guggenheim’s subsidiary, Guggenheim Treasury Services, will make its US Treasury-backed fixed-income asset available on the XRP Ledger, according to Bloomberg. Ripple will invest $10 million in … Read more
In an expansion of its digital asset portfolio, Quantum BioPharma Ltd. has announced the purchase of an additional $500,000 in Bitcoin and other cryptocurrencies, bringing its total holdings to USD $5,000,000. The Canadian biopharmaceutical company made the move after securing approval from its Board of Directors. “Quantum BioPharma Ltd. is pleased to announce that after … Read more
COINOTAG News reported on June 10th that the development team behind the blockchain game MapleStory has confirmed the withdrawal of the temporary NXPC/USDT liquidity provided by NEXPACE on PancakeSwap V3. This liquidity was initially introduced to support market depth and trading activity following the launch on Binance Alpha. As of May 15, 2025, the liquidity … Read more
The SBI Group has announced a significant investment in Circle, with its subsidiaries SBI Holdings and SBI Shinsei Bank each contributing $25 million, totaling $50 million. Circle Stock ‘Too Hot’ for Some Investors The SBI Group announced it has secured one of the largest allocations of Circle shares, with two of its subsidiaries investing a … Read more
Key points: Bitcoin is due a fresh run at all-time highs, traders believe, but a corrective phase is due first. BTC price targets include $107,000, with the six-figure barrier still on the table. US inflation data will inform market performance for the rest of the week. Bitcoin (BTC) sold off at the June 10 Wall … Read more
South Korea’s new crypto bill mandates licensing for stablecoin issuers with minimum capital requirements. The bill aims to support a Korean won-based stablecoin system, aligning with President Lee Jae-myung’s digital finance strategy. The Digital Asset Basic Act proposes broader crypto regulations, including legal definitions, market oversight, and penalties for misconduct. In a major effort to … Read more
Inflation news is affecting Bitcoin, with the BTC price pacing just below $110,000, trading at $109,480 after briefly punching through that resistance earlier in the week. Crypto traders are now looking to June 11’s Consumer Price Index release, a potential spark or a wet blanket, depending on how the numbers land. Meanwhile, the Producer Price … Read more