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Eric Trump's Bitcoin mining firm loses $600M amid crypto market slump

Market News
12 Jul 2026
Crypto Briefing
View Source
Bearish
pluang ai news

Eric Trump's Bitcoin mining company, American Bitcoin Corp., has suffered a loss exceeding $600 million due to a 95% drop in its market value. This decline reflects broader challenges in the cryptocurrency mining sector, including falling Bitcoin prices and changes in mining infrastructure. Despite holding significant Bitcoin reserves, the company faces financial strain from reduced mining profits and lower Bitcoin valuations. This loss signals waning market confidence in Bitcoin's near-term price recovery, with investors watching for regulatory or technological shifts that could impact future prices.

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QAIAx launches AI-driven platform for alternative sentencing and social VR, advancing smart city tech.

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QAIAx Microcities Clinical Trial announced a new patent update for its open-source military-grade AGI platform, QAIAx Cool World, which enables holoportation and hybrid human-AI civic workforce models. The platform supports alternative sentencing and...

Others
Neutral
1 hour ago
NNS Holding acquires 0.19% more shares of OCI, now holding 54.94% of the company.

NNS Holding acquires 0.19% more shares of OCI, now holding 54.94% of the company.

NNS Holding (Cyprus) Limited announced it purchased 403,642 additional shares of OCI Global N.V. at an average price of €4.08 per share, representing about 0.19% of OCI's issued capital. After this transaction, NNS holds approximately 54.94% of OCI's...

Company Fundamentals
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4 hours ago
Bitcoin mining difficulty drops 5%, easing pressure amid falling hashrate and rising hashprice.

Bitcoin mining difficulty drops 5%, easing pressure amid falling hashrate and rising hashprice.

On July 11, 2026, Bitcoin's mining difficulty decreased by 5% to 127.17 trillion, marking the 14th adjustment of the year and moving closer to its yearly low. This drop was driven by a 7.9% decline in hashrate over ten days, slowing block production ...

Market News
Neutral
4 hours ago
Jordan Williams wins second straight Elite Men's Downhill at UCI Mountain Bike World Series in Andorra

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Jordan Williams from the UK secured his second consecutive Elite Men's Downhill victory at Round 6 of the WHOOP UCI Mountain Bike World Series in Pal Arinsal, Andorra, finishing with a time of 2:41.666. This win marks his third Elite World Cup victor...

Market News
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4 hours ago
Industry insiders clarify Netflix's recent challenges are market-wide, not unique, and debunk myths about its strategy shifts.

Industry insiders clarify Netflix's recent challenges are market-wide, not unique, and debunk myths about its strategy shifts.

Recent reports of declining Netflix subscriber engagement and viewership sparked speculation that Netflix is shifting its business model towards live channels or becoming like YouTube. However, industry insiders clarify these engagement dips are comm...

Market News
Neutral
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