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Shares in Canaan surged on Tuesday after the Bitcoin mining hardware maker reported its third-quarter revenues doubled from last year, driven by a high demand for equipment as multiple miners saw revenues increase.Canaan said on Tuesday that its total Q3 revenues increased 104% from last year to $150.5 million due to a “substantial volume of new orders,” with its mining equipment revenues making up the lion’s share at $118.6 million.James Jin Cheng, the miner’s chief financial officer, said in the company’s earnings call that a large number of sales came from clients in the US, who “started actively placing sizable…

EMCD, the ecosystem rooted in one of the world’s largest mining pools, is set for a significant expansion. The latest product release, the EMCD Payment Cards addresses one of crypto’s most persistent gaps: the ability to easily use digital assets for everyday spending. With the new card, users can turn their crypto into real-world purchases within minutes — online, in-store, or through Apple Pay and Google Pay. BeInCrypto had the opportunity to speak to Abderrahman Ghiadi, the Regional Head of Partnerships at EMCD, during Blockchain Life 2025, discussing how the company went from being a mining pool to a full…

BTC’s Short-Term Holder SOPR has fallen to ~0.97 and stayed below 1.0 for weeks, a pattern seen near past cycle bottoms. Bitcoin (BTC) is experiencing one of its most severe waves of panic selling from recent buyers, with on-chain data showing that short-term holders (STHs) are offloading their stash at a significant loss. This intense capitulation, according to analysts, is creating a potential setup for a major market reversal as weak hands exit and long-term investors accumulate. Extreme Stress for Short-Term Holders New on-chain readings shared by XWIN Research show Bitcoin’s Short-Term Holder Spent Output Profit Ratio (STH-SOPR) has…

Bitcoin whale activity could experience its highest spike in weekly transactions this year with Bitcoin falling under $90,000, according to the market intelligence platform Santiment.The increase in whale activity has grown in step with the slump in crypto prices, Santiment said in an X post on Wednesday. Bitcoin (BTC) dropped below $90,000 this week for the first time in seven months. Santiment said it has already tracked over 102,000 whale transactions exceeding $100,000, and a further 29,000 transactions over $1 million. “This week has a good chance of ending up as the most active whale week of 2025, with the context of…

Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.Grab a coffee and settle in. This week, Bitcoin’s movements have traders talking, analysts scratching their heads, and even some familiar voices hinting that not everything is as it seems. Amid dips, recoveries, and cryptic warnings, one question lingers: who—or what—might really be pulling the strings behind the scenes?Sponsored SponsoredCrypto News of the Day: Behind Bitcoin’s Strength—A Cabal? Jim Cramer Thinks SoJim Cramer has once again sparked a wave of speculation across Crypto Twitter and trading desks, after suggesting that…

A new artificial intelligence startup founded by the creators of the world's most widely used computer vision library has emerged from stealth with technology that generates realistic human-centric videos up to five minutes long — a dramatic leap beyond the capabilities of rivals including OpenAI's Sora and Google's Veo.CraftStory, which launched Tuesday with $2 million in funding, is introducing Model 2.0, a video generation system that addresses one of the most significant limitations plaguing the nascent AI video industry: duration. While OpenAI's Sora 2 tops out at 25 seconds and most competing models generate clips of 10 seconds or less,…

In brief Retail wallets of Bitcoin, Ethereum, and XRP investors are selling at a loss, signaling capitulation. Bitcoin is stabilizing as sell signals slow, but it remains weak compared to the localized strength seen among altcoins. Analysts dismiss the ongoing bounce and hint that a recovery driven by macro catalysts is key.  The recent sell-off in crypto has triggered a wave of retail capitulation, which, historically, signals a potential market bottom and a rebound, according to analysts.Bitcoin is down 2.3% over 24 hours and is trading at $91,510.80, according to Coingecko data.Retail investor wallets holding less than 0.01 BTC have…

Anchorage Digital and Mezo have formed a strategic partnership aimed at expanding institutional access to Bitcoin-based borrowing and yield opportunities, marking one of the most significant integrations to date between a regulated digital asset custodian and a Bitcoin-native finance protocol. Mezo — a bank-free Bitcoin finance platform built by Thesis — will now offer institutional clients low-cost borrowing through its MUSD stablecoin and new BTC yield opportunities via veBTC.  Anchorage Digital will provide the custody and infrastructure layer, giving asset managers, digital asset treasury (DAT) firms, and publicly traded companies a secure way to participate in BitcoinFi applications. At launch,…

The US government’s ending of the shutdown and return to the normal legislative session may spark a surge in new crypto exchange-traded fund (ETF) approvals by the Securities and Exchange Commission (SEC) in 2026, according to market analysts.There is “huge” demand for crypto ETFs and exchange-traded products (ETPs), Matt Hougan, chief investment officer at investment firm Bitwise, told CNBC on Wednesday. Hougan said:“It’s going to be ETF-palooza in crypto land. I think there will be 100-plus launches. We’re going to see a lot of single-asset crypto ETPs. What I’m most excited about, though, is the growth of index-based crypto ETPs.”Hougan…

Key Takeaways Kraken has confidentially filed for a US initial public offering with the SEC. The IPO timeline is pending regulatory review and market conditions. Share this article Payward, the company behind Kraken, a well-known US-based crypto, has confidentially submitted a draft registration for an initial public offering (IPO) with the US Securities and Exchange Commission, according to a Wednesday statement.The specifics, including the number of shares and price range, have not been determined. The IPO is anticipated following the SEC’s review, contingent on market conditions.The move comes after Kraken CEO Arjun Sethi said earlier this month that the company…