Crypto News
Cryptocurrency news covering Bitcoin, Ethereum, and altcoins. Track crypto prices, blockchain developments, DeFi trends, and regulatory updates.
MARA Holdings Up 7% as Bitcoin Stabilizes, but Morgan Stanley Downgrade Looms
MARA shares rose 7% as bitcoin held near $77,357, but Morgan Stanley cut its price target to $7, prompting a public rebuttal from MARA's IR chief. Riot, Cipher, and TeraWulf also gained.
Senate Panel Advances Crypto Bill, DeFi Pushback and Stablecoin Issues Remain
The Digital Asset Market Clarity Act passed the Senate Banking Committee 15-9 but faces new opposition from DeFi developers and key Democrats over securities amendments and stablecoin provisions.
CleanSpark Surges 9% as Bernstein Highlights Bitcoin Miners' AI Data Center Potential
CleanSpark shares rose 9.3% after Bernstein noted bitcoin miners' potential as AI data-center power providers, setting a $24 target and citing $90B in sector AI deals.
Hut 8 Stock Slips 5.5% Following $16M Water Infrastructure Investment for AI Data Center
Hut 8 shares dropped 5.5% as the company invested $16 million in water infrastructure for its River Bend AI data center, highlighting the focus on project execution.
Canaan Shares Tumble as Q1 Losses Widen, Revenue Forecast Disappoints
Canaan shares dropped 13.8% to $0.4163 after the company posted a wider Q1 net loss of $88.7 million and issued a below-consensus Q2 revenue forecast of $35 million to $45 million.
XRP Faces $1.37 Hurdle as Bullish $10 Forecasts Meet Skepticism
XRP trades near $1.37 as bullish $10 forecasts clash with skepticism over Ripple's payments strategy. Standard Chartered projects $2.80 by 2026, but analysts warn RLUSD stablecoin may reduce XRP's role.
Bakkt Shares Surge After Director's $4.85M Insider Purchase
Bakkt shares surged 14.2% pre-market after director Michael Alfred acquired $4.85 million in stock. CEO Akshay Naheta also exercised options as the company shifts focus to stablecoin payments.
HIVE Digital Soars 29% on Plans for Massive AI Data Center Near Toronto
HIVE Digital Technologies stock jumped 28.6% to $3.46 on Monday after unveiling plans for a 320 MW AI data center near Toronto, aiming for over 100,000 GPUs by late 2027.
Bitmine Shares Slide 7.5% as Ethereum Holdings Rise Amid Price Drop
Bitmine shares dropped 7.5% Monday as the company reported ETH holdings rose to 5.28 million tokens, but total crypto assets fell to $12.6B due to Ether's 4.1% decline.
IREN Shares Slide 7% Following Costly AI Infrastructure Expansion
IREN shares dropped 7.2% to $49.15 after acquiring Awaken and completing a $3B note sale for AI infrastructure, with revenue declining and net loss widening.
Crude Surge Puts Ethereum Under Pressure, Lee Warns of Macro Headwinds
Ether fell to ~$2,100 as oil's jump above $100 reignited inflation fears. Fundstrat's Tom Lee flags crude as Ethereum's top headwind, with record negative correlation.