The digital asset service company joins a growing list of firms making stablecoin moves following the GENIUS bill's passage into law. Anchorage Digital, an institutionally-focused digital asset service provider, announced the launch of a stablecoin issuance platform on Thursday, tapping synthetic dollar and stablecoin issuer Ethena as its first partner client. The company will launch Ethena’s USDtb stablecoin in the United States, according to an announcement made on Thursday. Currently, USDtb is issued offshore. Issuing USDtb in the US will make the stablecoin fully compliant under the GENIUS stablecoin regulation, signed into law by US President Donald Trump in July. Read more
Buyers aggressively defended ADA’s $0.75 support level, possibly kickstarting a rally back to $1. Key point: ADA rebounded off a strong support, increasing the likelihood of a break above the $0.94 resistance. Strong rallies are generally followed by equally sharp declines. That is what happened with several altcoins, and Cardano (ADA) is no exception. Usually, the pullback shakes out the weak hands before resuming the uptrend. Read more
Bitzero is among several Bitcoin mining companies that have embraced the HPC and data center business. Bitzero has secured $25 million in funding to expand its business operations, as the Bitcoin miner and data center operator continues its strategic shift toward high-margin, high-performance computing (HPC) while emphasizing environmental sustainability. The funds will be used to acquire 2,900 Bitmain S21 Pro miners, with deployment scheduled over the next four to six months. This expansion is projected to generate an additional $10 million in revenue. Based in Vancouver, Canada, Bitzero operates data centers across North America and Europe. The company counts investor and Shark Tank personality Kevin O’Leary among its backers. Read more