Crypto

Bitcoin miners face rising competition from AI data centers for cheap energy, potentially driving a new wave of institutional investment, according to GoMining exec Jeremy Dreier. Bitcoin mining companies and artificial intelligence data centers are increasingly competing for access to cheap, sustainable energy, which could trigger renewed institutional investment in the mining sector over the next decade. AI data centers with deep capital reserves are beginning to outbid miners for power infrastructure, with more Bitcoin (BTC) miners getting “priced out” or deprioritizing mining activities, according to a July 31 research report from Bitcoin mining infrastructure provider GoMining Institutional. Still, the flexibility of Bitcoin miners allows them to expand into more off-grid locations with a lack of high-speed internet infrastructure, giving them an advantage over AI facilities, according to Jeremy Dreier, managing director and chief business development officer at GoMining Institutional. Read more

Executed through convertible notes, WiseLink says the deal comes as a “golden window” for Bitcoin as a capital strategy opens.

Major liquidations have occurred across the crypto market, as Bitcoin, Ethereum, and Dogecoin all pulled back after a bullish week.

BTC and MSTR post Sharpe ratios above 2.0, far outpacing tech peers around 1.0, while implied volatility drops to new lows.

Illicit crypto mining outfits stealing electricity are becoming a growing problem for countries in Central Asia.

The price is more than quadruple the June IPO price of $31 when the company debuted on the New York Stock Exchange.

A regulatory review earlier this year found weaknesses in some exchanges’ cyber defenses, prompting the SFC to set new custody standards for licensed platforms.

The regulator is setting minimum custody standards for licensed virtual asset trading platforms, citing rising overseas security incidents.

Czech authorities have escalated a politically charged probe into a bitcoin donation that nearly toppled the government earlier this year.

Coinbase expects falling bitcoin dominance, improving liquidity and renewed investor appetite to shift gains toward altcoins starting in September.

Ether traders took the biggest hit, with $348.9 million liquidated, followed by Bitcoin at $177.1 million. Solana, XRP, and Dogecoin saw $64.2 million, $58.8 million, and $35.8 million in liquidations, respectively.

Despite the drop, late-session buying hints at renewed accumulation from large holders as selling pressure eased.

The commission has exercised its final procedural extension for Solana ETF applications, citing the need for additional time to review.

ETH’s rally is fueled by record flows and BTC outperformance, but rising exchange inflows spark debate over momentum vs. consolidation.

US Treasury’s OFAC has redesignated Garantex and sanctioned successor Grinex, executives, and affiliates, citing more than $100 million in illicit crypto transactions since 2019 and prior 2022 actions. The post US Treasury Doubles Down, Hits Crypto Exchange Garantex with Second Sanction appeared first on Cryptonews.

Crypto faces near-term headwinds from hot inflation data, but some say global liquidity trends could set up a year-end rally.

US Treasury Secretary Scott Bessent clarified on X that the department is still exploring budget-neutral ways to purchase Bitcoin, contrasting an earlier comment that tanked the crypto markets. US Treasury Secretary Scott Bessent has clarified that his department is still exploring budget-neutral ways to buy Bitcoin for the Strategic Bitcoin Reserve — contrasting with his recent comments suggesting the plan was off the table, which triggered a Bitcoin sell-off. “Treasury is committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve, and to execute on the President’s promise to make the United States the ‘Bitcoin superpower of the world,’” Bessent clarified in an X on Thursday.  He reiterated that the Bitcoin (BTC) forfeited to the federal government would form the reserve’s foundation. There were already concerns that the US’s slow pace of executing its Strategic Bitcoin Reserve could leave it open to being front-run by other nation-states. Some feared that the Treasury may n...

Bitcoin mining operators are putting less of a strain on Paraguay’s power grid than engineers initially predicted, the nation’s power provider says. The post Bitcoin Mining Not Causing Any Energy Issues, Says Paraguay Power Provider appeared first on Cryptonews.

The most popular US stocks in South Korea are Ethereum treasuries and crypto companies, Ant Group denies Yuan stablecoin plan. Asia Express. South Korean retail investors are selling off their big tech shares such as Tesla and Alphabet in favor of Ethereum-related stocks, The Korea Economic Daily reported, citing data from the Korea Securities Depository. Tesla has long been a fixture in the top net-buy rankings for Korean retail investors, but it was sold off in the past month with around 1 trillion won ($721.6 million) in net sales. Alphabet and Apple were also heavily sold, with net sales of about 230 billion won ($166 million) and 300 billion won ($216 million), respectively. These retail investors are locally called seohak ants. Seohak translates to Western learning, but in domestic finance lingo, it refers to foreign stock investors. Ants is a local nickname for retail investors, alluding to their small size but large numbers compared to institutional whales. Read more

The most popular US stocks in South Korea are Ethereum treasuries and crypto companies, Ant Group denies Yuan stablecoin plan. Asia Express. South Korean retail investors are selling off their big tech shares such as Tesla and Alphabet in favor of Ethereum-related stocks, The Korea Economic Daily reported, citing data from the Korea Securities Depository. Tesla has long been a fixture in the top net-buy rankings for Korean retail investors, but it was sold off in the past month with around 1 trillion won ($721.6 million) in net sales. Alphabet and Apple were also heavily sold, with net sales of about 230 billion won ($166 million) and 300 billion won ($216 million), respectively. These retail investors are locally called seohak ants. Seohak translates to Western learning, but in domestic finance lingo, it refers to foreign stock investors. Ants is a local nickname for retail investors, alluding to their small size but large numbers compared to institutional whales. Read more