Crypto News
Cryptocurrency news covering Bitcoin, Ethereum, and altcoins. Track crypto prices, blockchain developments, DeFi trends, and regulatory updates.
CleanSpark Faces $378M Loss as Bitcoin Slump and AI Transition Test Strategy
CleanSpark posted a $378.3 million net loss in fiscal Q2, driven by a $224.1 million bitcoin fair-value loss and a 24.9% revenue decline to $136.4 million. Its AI/HPC pivot has yet to generate revenue.
Ripple Prime Secures $200M Credit Line from Neuberger to Boost Institutional Margin Lending
Ripple Prime has secured a $200 million debt facility from Neuberger Specialty Finance to expand margin financing for institutional clients across equities, fixed income, and crypto.
XRP ETF Inflows Reach $1.325 Billion After Ripple Bank Settlement Pilot
U.S. spot XRP ETFs drew $6.04 million on May 8, lifting cumulative inflows to $1.325 billion, following a pilot connecting XRP to bank settlement networks.
BitMine Nears 5% ETH Supply Goal, May Scale Back Weekly Purchases
BitMine Immersion Technologies may slow its weekly ether purchases as it nears a target of owning 5% of ETH supply, Chairman Tom Lee said. The company holds 5.18 million ETH, 4.29% of supply.
Circle Internet Group Earnings, Crypto Bill Vote Loom as Key Tests
Circle Internet Group faces a critical week with Q1 earnings on May 11 and a Senate vote on a crypto bill that could limit stablecoin rewards, impacting USDC's growth and reserve income.
Saylor's Bitcoin Sale Hint Reshapes MSTR's Market Narrative
Michael Saylor suggests selling some bitcoin for dividends, a move that reframes Strategy's capital strategy without abandoning its crypto focus.
Bitcoin Steadies Near $80K as ETF Outflows Test Rally
Bitcoin traded near $80,000 early Saturday, steadying after two consecutive days of U.S. spot bitcoin ETF outflows totaling over $400 million.
Coinbase Cuts 700 Jobs, Pivots to AI as Crypto Market Weakens
Coinbase will eliminate 700 jobs, or 14% of its workforce, as it restructures around AI and responds to weak crypto markets.
XRP Holds Above $1.40 as ETF Inflows and Regulatory Hopes Collide
XRP traded near $1.43 early Wednesday, supported by $11.28 million in spot ETF inflows and renewed optimism over U.S. crypto legislation progress.
Strategy Halts Bitcoin Purchases After $7.5 Billion Buying Spree Ahead of Q1 Earnings
Strategy paused its bitcoin buying spree last week, halting after a $7.5 billion, three-month acquisition run. The company holds 818,334 BTC and reports Q1 earnings Tuesday.
Coinbase Cuts 700 Jobs in AI-Driven Restructuring
Coinbase is cutting 700 jobs to streamline operations and embrace AI, with restructuring costs estimated at $50-$60 million.