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BTCS News16 articles
XRP Gains Regulatory Clarity as Digital Commodity Amid Market-Wide Risk-Off Move
XRP traded around $1.44 Thursday after U.S. regulators formally designated it a digital commodity, aligning it with Bitcoin and Ether. However, the announcement was overshadowed by a broader market sell-off driven by surging oil prices and risk aversion.
Bitmine Shares Drop 7.8% as Ether Slumps Following Fed Decision
Bitmine shares declined 7.8% in extended trading Wednesday, pressured by a 5.9% drop in ether following the Federal Reserve's policy announcement. The company holds 4.6 million ETH and reported $11.5 billion in total assets.
Bitcoin Retreats Below $72K as Fed Signals Limited Rate Cuts, Crypto Assets Slide
Bitcoin dropped below $72,000 following the Federal Reserve's decision to maintain interest rates and signal just one reduction in 2024. The broader crypto market and related equities faced selling pressure amid elevated inflation forecasts.
Bitmine's $11.5B Crypto Treasury Fuels Ether Bet, Stock Gains
Bitmine Immersion Technologies disclosed a $11.5 billion crypto and cash reserve, including 4.6 million ether, with staking generating $180M in annualized revenue. Shares advanced.
Bitmine's $11.5B Crypto Treasury Fuels 12% Stock Surge
Bitmine Immersion Technologies shares jumped 11.6% Monday after revealing a $11.5 billion treasury of cryptocurrency and cash. The company holds 4.6 million ether and generates $180 million in annual staking revenue.
Cipher Digital's AI Pivot Under Scrutiny as Analyst Cuts Target Amid Mining Exit
Cipher Digital shares declined following a price target reduction by Keefe, Bruyette & Woods. The move reflects concerns over the company's transition from bitcoin mining to AI-focused data center development.
Bitmine Shares Dip on $75M Eightco Investment as Ether Strategy Expands
Bitmine Immersion Technologies shares declined 3% Thursday after the company committed $75 million to lead a $125 million funding round for Eightco Holdings. The move comes as Bitmine continues to emphasize its ether treasury strategy while expanding into AI and blockchain infrastructure.
MARA Stock Slides Amid Bitcoin Retreat, AI Transition Costs Scrutinized
MARA Holdings shares declined 5.4% in premarket trading Friday as Bitcoin retreated toward $70,000, intensifying focus on the company's capital needs for its strategic shift into artificial intelligence and high-performance computing infrastructure.
Crypto Stocks Rally on Trump's Regulatory Push and Bitcoin Surge
Coinbase stock jumped 16% Wednesday, mirroring Bitcoin's 8% surge past $73,800. The rally followed political comments on crypto regulation and a Federal Reserve account approval for Kraken's bank.
Bitcoin Recovers to $69K Amid Middle East Tensions, Inflation Fears
Bitcoin climbed back near $69,000 Monday, recovering from weekend volatility as geopolitical tensions and rising oil prices rattled markets. U.S. manufacturing inflation hit a multi-year high.
Navigator Holdings Rally Sparks Valuation Debate Amid Broader Market Turmoil
Navigator Holdings stock shows strong gains, yet a dividend discount model indicates significant overvaluation. Global markets tumble as US-Iran strikes spike oil prices, triggering a flight to safety, while Bitcoin demonstrates relative resilience.
IREN Plunges 7% on Friday Despite MSCI USA Index Inclusion
Shares of IREN Limited dropped 7.4% on Friday, closing at $40.95, even as the company was added to the MSCI USA Index. Trading volume surged to 52.66 million shares amid a broad market sell-off.
MicroStrategy Rises with Bitcoin Rebound as Annual Report Details Debt Strategy
MicroStrategy shares advanced alongside bitcoin's recovery, with the company's annual report revealing contingency plans involving share issuance or bitcoin sales to address its substantial long-term debt.
Robinhood's February Metrics in Focus Amid Bitcoin Volatility
Robinhood Markets will report its January monthly metrics on February 19, following a holiday-shortened week. The update comes as Bitcoin pulls back from recent peaks, potentially impacting the platform's crypto-related revenue.
Ex-CEO Gets 20 Years for $200M Bitcoin Ponzi Scheme
Former Praetorian Group International CEO Ramil Palafox received a 20-year prison sentence for orchestrating a $200 million Bitcoin Ponzi scheme that defrauded investors worldwide.
MicroStrategy Shares Dip as Company Adds Bitcoin Using Stock Sale Proceeds
MicroStrategy shares fell 2% after the company disclosed it sold $89.5 million in stock to purchase 1,142 bitcoin. The firm now holds over 714,000 bitcoin as investors await key U.S. economic data.