Author: admin

Chinese Bitcoin miner Cango reported a sharp rise in production during the second quarter of 2025, even as higher expenses dragged the company into a deep net loss.In a Sept. 5 update, the firm disclosed that it mined 1,404.4 BTC between April and June, pushing its total production since launch to 3,879.2 BTC.Cango said it spent an average of $83,091 per coin, excluding depreciation, while the total cost reached $98,636 after accounting for additional expenses.Meanwhile, the ramp-up in output translated into quarterly revenues of RMB 1 billion ($139.8 million), with Bitcoin mining contributing RMB 989.4 million ($138.1 million). Adjusted EBITDA…

Buzzwords in the field of artificial intelligence can be technical: perceptron, convolution, transformer. These refer to specific computing approaches. A recent term sounds more mundane but has revolutionary implications: timeline. Ask someone in AI for their timeline, and they’ll tell you when they expect the arrival of AGI—artificial general intelligence—which is sometimes defined as AI technology that can match the abilities of humans at most tasks. As AI’s sophistication has scaled—thanks to faster computers, better algorithms, and more data—timelines have compressed. The leaders of major AI labs, including OpenAI, Anthropic, and Google DeepMind, have recently said they expect AGI within…

Altcoin AnalysisChainlink (LINK) has caught the attention of large investors once again, with on-chain data revealing that whales scooped up more than 800,000 LINK during the recent price dip. Market analyst Ali highlighted the move, noting that addresses holding between 100,000 and 1 million LINK significantly increased their balances in the past few days. The buying spree comes as LINK managed to stabilize around the $21–$22 range, even after facing selling pressure earlier this week. According to TradingView data, LINK is currently trading at $21.93, marking a slight daily gain of 1.29%. Despite the rebound, the Relative Strength Index (RSI)…

Key Takeaways Ethena Labs’ synthetic dollar stablecoin USDe will soon be listed on US-based Kraken, signaling its first entry into the American market. USDe differs from traditional fiat-backed stablecoins (like USDC) by maintaining its USD peg using delta-neutral hedging with BTC and ETH derivatives. Share this article Kraken announced that Ethena Labs’ synthetic dollar stablecoin USDe will be listed soon, marking the token’s first availability on a US-based exchange.USDe, a synthetic dollar stablecoin designed to maintain a value pegged to the US dollar through hedging strategies rather than traditional fiat reserves, differentiates itself from fiat-backed alternatives like USDC through delta-neutral…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto markets are on shaky ground right now, with the latest pullback stirring fresh talk of a wider crash. The Fear & Greed Index sits at 40, a level that screams caution but also hints at plenty of room for upside if sentiment flips. Historically, these oversold zones often lay the groundwork for the next big leg up. Source: CoinMarketCap Macro factors add fuel to the debate. The Fed is expected to deliver more rate cuts, a shift that usually lifts risk assets. Q4 has also earned…

Jimmy Kimmel speaks during the Disney Advertising Upfront showcase event on Tuesday, May 13, 2025 at North Javits in New York City.David Russell | Disney General Entertainment Content | Getty ImagesNexstar Media Group, one of the largest owners of broadcast TV stations, said it would not air the return of “Jimmy Kimmel Live!” on Tuesday.The company joins Sinclair, which said Monday it didn’t plan to air the late night show, and instead would show other programming.ABC parent Disney announced on Monday it would bring back “Jimmy Kimmel Live!” after pausing the show indefinitely last week following comments by host Kimmel…

Photo: David A. Grogan/CNBC Key Takeaways Fed’s Bostic says employment risks are now as significant as inflation risks. Labor market stability is becoming a concern as the Fed weighs its dual mandate of maximum employment and price stability. Share this article Federal Reserve Bank of Atlanta President Raphael Bostic today signaled that employment risks now pose threats equivalent to inflation pressures.The statement reflects growing concerns about labor market stability as the Fed navigates between its goals of maximum employment and price stability. Bostic serves as a voting member of the Federal Open Market Committee, which sets national monetary policy.U.S. core…

Ripple and the tokenization platform Securitize have integrated the Ripple USD stablecoin as an off-ramp for tokenized funds by major crypto investment firms BlackRock and VanEck.Ripple and Securitize launched a smart contract allowing holders of BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) and VanEck’s Treasury Fund (VBILL) to exchange their tokenized shares for the Ripple USD (RLUSD) stablecoin.The smart contract allows BUIDL and VBILL investors to instantly exchange their shares for RLUSD at any time, enabling additional onchain transfers.“Partnering with Ripple to integrate RLUSD into our tokenization infrastructure is a major step forward in automating liquidity for tokenized assets,” Securitize…

The Bitcoin (BTC) mining difficulty, a metric that tracks the relative challenge of adding new blocks to the ledger, climbed to a new all-time high of 142.3 trillion on Friday.Mining difficulty hit successive all-time highs in August and September, driven by an influx of freshly deployed computing power over the last several weeks.Bitcoin’s hashrate, the average of the total computing power securing the decentralized monetary protocol, also hit an all-time high of over 1.1 trillion hashes per second on Friday, according to CryptoQuant.The rising mining difficulty and the constant need for energy-hungry, high-performance computing power to secure the network are…

Bitcoin is holding above the $110,000 level after a turbulent Monday that saw billions of dollars in liquidations across the crypto market. The sharp correction erased much of last week’s gains and reminded investors of the volatility that continues to define this cycle. Despite the heavy selling pressure, BTC has managed to stabilize near a key liquidity zone, where bulls and bears are now battling for control. Related Reading The mood across the market remains cautious as traders weigh the potential for further downside. Some analysts warn that Bitcoin could retest lower support levels if bearish momentum strengthens, while others…