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HIVE Digital has finalized the acquisition of Bitfarms partially completed 200-megawatt Bitcoin mining facility in Yguaz, Paraguay, for $56 million. The deal includes an upfront payment of $25 million due at closing in the first quarter of 2025, with the remaining $31 million to be paid in six equal monthly installments. According to an announcement
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After a short-lived rally past $3,700 in early January, Ethereum struggled to sustain its gains and is now 12% below its recently established local top. The leading altcoin’s market sentiment remains muted. As such, a new analysis suggests that the next significant price shift will largely be influenced by whales. Ethereum’s price has stabilized above
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A Pump.fun user has apparently been mass-producing meme coins at an astonishing rate, creating nearly 18,000 tokens and amassing at least $3.7 million in profits. Blockchain data shows that the individual launched an average of 12 coins per hour daily for several months. The user, identified by the wallet 0x818aaJa13N, showed relentless activity, suggesting they
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Former Securities and Exchange Commission (SEC) Chair Gary Genslers return to his old MIT haunt has ignited backlash from a section of the crypto industry. Gensler previously taught at the university before leading the SEC, where he became deeply unpopular for his strict regulatory approach. On January 27, the Massachusetts Institute of Technology announced it
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Grayscale has applied to the U.S. Securities and Exchange Commission (SEC) to change its XRP Trust into an exchange-traded fund (ETF) on NYSE Arca. According to a filing lodged with the regulatory agency, the XRP Trust is among the largest investment instruments anchored to Ripples native token, with more than $16 million in assets under
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As bitcoins price consolidates and traders speculate about the assets next trajectory, the market intelligence platform Santiment has highlighted how supply distribution trends can offer insights into the cryptocurrencys price movement. Supply distribution data shows how different groups of investors hold cryptocurrencies. This metric takes into account the wallet sizes of small and large investors,
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