Category: crypto
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China-based Bitcoin miner Cango expands to US amid rising output
Chinese Bitcoin miner Cango reported a significant increase in production in Q2 2025, mining 1,404.4 BTC. Despite high expenses, the company incurred a net loss. Quarterly revenue was RMB 1 billion, with Bitcoin mining contributing RMB 989.4 million. Cango increased mining capacity to 50 EH/s and acquired a 50MW facility in the US for long-term…
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Nasdaq puts $132 billion crypto treasury rush on hold with surprise vote rule
Nasdaq will now require shareholder votes before public companies can use stock issuances to buy crypto assets. This added checkpoint aims to regulate the growing trend of companies selling equity to purchase tokens for their balance sheets. The policy shift caused some market fluctuations, but interest in crypto-treasury investments remains strong.
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Rex Shares readies fast-track DOGE ETF debut
Rex Shares is planning to introduce a new series of unconventional exchange-traded funds (ETFs) in the US market, starting with the REX-Osprey Dogecoin ETF. The company’s unique regulatory approach allows for faster product launches, despite potential tax implications for investors. Other ETFs linked to XRP, Solana, Ethereum, Bitcoin, BONK, and TRUMP tokens may follow.
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Crypto leaders challenge SEC over Gensler’s erased messages
Prominent figures in the crypto industry are questioning the US SEC after it was revealed that text messages from former Chair Gary Gensler were permanently deleted. The missing messages cover a critical period in market history, leading to concerns about transparency and potential impact on ongoing litigation. Suggestions have been made for better monitoring and…
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Bloomberg analyst says altcoin ETF approvals unlikely to trigger a traditional alt season
Bloomberg ETF analyst James Seyffart believes the current market is experiencing an altcoin season driven by digital asset treasury companies, rather than traditional token price rallies. He expects upcoming ETF approvals to focus on assets like Dogecoin and Chainlink, with institutional preference for diversified basket products over individual altcoins. Institutional money is shifting the cryptocurrency…
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European Central Bank touts digital euro as key to payment security and inclusivity
The European Central Bank stated that its proposed digital euro would enhance Europe’s cybersecurity and infrastructure resilience while ensuring widespread access to digital payments. The ECB emphasized the importance of including all citizens, including those with disabilities or limited digital literacy, in the transition to a digital economy.
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Are banks ready for XRP? SWIFT exec voices apprehensions
SWIFT’s Chief Innovation Officer, Tom Zschach, raised doubts about Ripple’s technology and XRP token meeting global bank standards for cross-border settlement. He questioned whether banks would trust settlement finality to an external token like XRP. Zschach emphasized the importance of legal frameworks, privacy safeguards, and regulatory oversight in blockchain technology for institutional use.
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Investigators find no fraud in Cardano’s decade-old voucher initiative in forensic report
An independent investigation found no evidence of fraud or misconduct in Cardano’s ADA Voucher Program. The review concluded that allegations of misuse of ADA, manipulation of blockchain upgrades, and diversion of tokens were baseless. Nearly all vouchers were successfully redeemed, safeguards were in place, and unredeemed funds were used for ecosystem growth.
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Grayscale unveils Ethereum covered call ETF to boost investor income
Grayscale has launched a new Ethereum Covered Call ETF (ETCO) that aims to generate regular income for investors by using a covered call strategy. The fund tracks existing Ethereum exchange-traded products and writes call options on them to capture additional yield. Despite recent outflows, Ethereum ETFs have seen strong overall inflows this year, indicating growing…
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Bitcoin consolidates between $104,000 and $116,000 as market faces critical decision Point
Bitcoin (BTC) is trading between $104,000 and $116,000, with on-chain data indicating critical levels for the next move. The UTXO Realized Price Distribution shows accumulation between $108,000-$116,000. Short-term holders face pressure as profit percentage dropped, but recovery above $114,000 could attract new demand. TradFi demand for Bitcoin ETFs has weakened, indicating a potential downside risk…