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BitFuFu cuts self-mined Bitcoin in 2025, shifts focus to cloud mining

BitFuFu has announced plans to cease its self-mining operations for Bitcoin by 2025, redirecting its focus towards cloud mining services. The company aims to adapt to the evolving cryptocurrency landscape and optimize its business strategy. This shift comes as BitFuFu seeks to enhance profitability and leverage the growing demand for cloud mining solutions. The decision reflects broader trends in the industry, where many firms are reevaluating their mining approaches amidst changing market conditions.

Read the full article: Coin Telegraph

Kalshi Raises $1 Billion to Double Valuation to $22 Billion: Reports

Kalshi, a regulated exchange for trading on economic events, has successfully raised $1 billion in funding, effectively doubling its valuation to $22 billion. The investment round was led by prominent firms, including Sequoia Capital and others, highlighting strong investor confidence in the platform. Kalshi's innovative approach allows users

Bitcoin's latest fear unlocked as rate hike bets rise and bond markets crumble

Bitcoin is facing renewed pressure as expectations for interest rate hikes increase, leading to a decline in bond markets. Analysts suggest that rising rates could negatively impact risk assets, including cryptocurrencies. The correlation between Bitcoin and traditional financial markets has intensified, with investors reacting to macroeconomic signals. As market volatility

Eightco Boosts OpenAI Investment After BitMine's Tom Lee Joins Board

Eightco has increased its investment in OpenAI following the appointment of Tom Lee, co-founder of BitMine, to its board of directors. This strategic move is aimed at enhancing Eightco's capabilities in the AI and blockchain sectors. The company believes that Lee's expertise will help drive innovation

Nasdaq winning SEC approval to move stocks onchain shows how Wall Street is taking charge of crypto tech

Nasdaq has received approval from the SEC to move stocks onto a blockchain platform, marking a significant step for traditional finance in adopting cryptocurrency technology. This initiative aims to enhance the efficiency and transparency of stock trading by leveraging blockchain's capabilities. The move reflects Wall Street's

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Kalshi Raises $1 Billion to Double Valuation to $22 Billion: Reports

Bitcoin's latest fear unlocked as rate hike bets rise and bond markets crumble

Eightco Boosts OpenAI Investment After BitMine's Tom Lee Joins Board

Nasdaq winning SEC approval to move stocks onchain shows how Wall Street is taking charge of crypto tech