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Trader Garrett Jin increases $51M Zcash short despite $25M unrealized losses, signaling bold market moves.
Garrett Jin, former BitForex CEO, withdrew 35,001 ETH from Binance in September 2026 to increase his short position on Zcash (ZEC) to about 37,760 ZEC, worth roughly $51 million. Despite currently facing over $25 million in unrealized losses due to Z...
BlackRock moves $286M in Bitcoin and Ether to Coinbase Prime for ETF operations
BlackRock transferred about 54,096 ETH and 2,015 BTC, worth $286 million, to Coinbase Prime as part of managing its iShares Bitcoin Trust and iShares Ethereum Trust ETFs. Coinbase Prime acts as the custodian and execution agent, handling buying, sell...
Canaan reports $98M loss as Bitcoin price drop slashes mining hardware demand
Canaan Inc., a major Bitcoin mining hardware maker, reported a $97.6 million net loss in Q2 2026, a sharp decline from last year's $11.1 million loss. Revenue fell 68% year-over-year to $31.9 million due to Bitcoin prices dropping from $82K to $58K, ...
