Moscow, the Moscow Region, and parts of Kursk have banned Bitcoin mining and participation in mining pools until December 31, 2032, under a government decree aimed at preserving power grid stability. The Energy Ministry introduced this year-round restriction to address power capacity shortages caused by energy-intensive crypto mining. Russia, the world's second-largest Bitcoin mining power, had legalized registered mining in 2024 but has since restricted mining in multiple regions due to rising electricity demand. This move highlights ongoing tensions between crypto mining's energy needs and regional power supply limitations, with mining currently consuming about 1 gigawatt in Moscow's power system. The ban also aligns with Russia's strategy to manage energy resources amid Western sanctions.
The optical industry's two largest laser chip suppliers, Lumentum Holdings and Coherent Corp., confirmed a severe supply shortage driven by rising demand for AI-related optical solutions. This shortage is causing major customers to seek alternative s...
Multicoin Capital has invested over $100 million in Hyperliquid's native token, HYPE, highlighting strong institutional confidence in the Layer 1 blockchain's business model. Hyperliquid operates a decentralized perpetual futures exchange and aims to...
Chinese robot maker Unitree is going public with an IPO valuation of about $9 billion at 150.80 yuan ($22.37) per share on the Shanghai STAR Market. However, pre-IPO perpetual futures traded on Hyperliquid value the company at nearly $38 billion, ove...
Binance founder Changpeng Zhao highlighted that Bitcoin's available supply may be even lower than commonly believed. While over 20.07 million Bitcoin have been mined out of the 21 million total, CZ estimates that 10% to 20% of these coins are lost or...
Swiss bank UBS significantly increased its exposure to BlackRock's iShares Bitcoin Trust (IBIT) in Q2 by raising call option holdings 24-fold to 1.95 million shares and increasing direct IBIT shares by 12% to 407,890. Meanwhile, its put option exposu...
