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Bitcoin miners have dramatically increased their debt levels, rising from $2.1 billion to $12.7 billion in just one year, as they invest aggressively in advanced mining rigs and AI infrastructure to stay competitive in the global hashrate race. This surge in borrowing highlights the fierce battle miners face to maintain and grow their share of […]

Bitcoin is facing pressure on a crucial support level as US-based spot Bitcoin ETFs experience sustained net outflows following the recent crypto market downturn, according to Bitfinex analysts. The $107,000 to $108,000 support zone has become increasingly fragile due to a lack of institutional accumulation. Between October 13 and October 17, spot Bitcoin ETFs saw

Decentralized exchange Bunni has announced it is shutting down after suffering an $8.4 million exploit in September, making it the second crypto project to close its doors this week. The team revealed in a Thursday X post that operations will wind down due to insufficient funds. They explained that the exploit halted Bunni’s growth and

Prediction market Polymarket is in early discussions with investors to raise funding at a valuation between $12 billion and $15 billion, Bloomberg reported, citing sources familiar with the matter. This potential 10-fold increase comes just months after a $200 million funding round led by Peter Thiel’s Founders Fund valued the company at $1 billion. Earlier

Galaxy Digital CEO Mike Novogratz believes that Bitcoin reaching $250,000 by the end of the year is extremely unlikely without some extraordinary events. Despite several crypto executives maintaining bullish year-end predictions, Novogratz cautions that the end of the year is less than three months away and achieving such a surge would require “a heck of

T. Rowe Price, a $1.8 trillion asset management giant, has taken a notable step into the cryptocurrency space by filing to list an actively managed crypto exchange-traded fund (ETF) in the US. This move surprised many analysts, given T. Rowe’s traditionally conservative approach centered around mutual funds, which recently experienced significant outflows. The S-1 registration

Crypto analysts are anticipating one last dip in Bitcoin’s price to around $104,000, marking a potential “final flush” before the next bull market takes off. Historical data points to the significance of Bitcoin’s 50-week simple moving average, which currently sits near $102,500 and has acted as solid support several times since mid-2023. Market observers highlight

Hyperliquid Strategies is making a bold move to deepen its investment in HYPE, the token powering the world’s largest decentralized derivatives platform. The firm has filed with the US Securities and Exchange Commission to raise up to $1 billion through a stock offering, aiming to boost its crypto treasury and acquire additional HYPE tokens. This

Quantum Solutions, backed by ARK Invest, has become the largest holder of Ether treasury outside the United States, amassing $9 million worth of ETH within a single week. The company’s founder, Francis Zhou, revealed that they acquired 2,365 ETH in just seven days, making Quantum Solutions Japan’s leading publicly listed Ether digital asset treasury (DAT)

Bitcoin miners have dramatically increased their debt load to $12.7 billion, up from just $2.1 billion a year ago, as they rush to upgrade equipment and invest in AI and high-performance computing (HPC) infrastructure to stay competitive in the global hashrate race. According to VanEck analysts Nathan Frankovitz and Matthew Sigel, miners face what they