Poolin, a major bitcoin mining company, has filed for Chapter 11 bankruptcy in the U.S. to sell its Texas mining assets through a court-supervised auction. The company owes about $173 million, mostly from IOUs issued after suspending wallet withdrawals in 2022. Interest from AI infrastructure buyers has increased bidding for the assets, reflecting a trend of repurposing mining facilities for AI and high-performance computing. The auction process aims to maximize creditor recoveries, with potential payouts depending on final bids and court approval.
Ondo Finance (ONDO) saw its price increase by 7.79% over the past 24 hours, reaching $0.5782 as of September 27. The price rose from $0.5525 just one hour earlier, driven by short liquidations totaling $160,000 across Binance, Bybit, and OKX, while n...
Bitcoin Cash (BCH) and NEAR Protocol (NEAR) saw significant gains last week, rising 33% and 21% respectively, outperforming Bitcoin's 4% increase. BCH's surge coincides with CME Group's planned launch of Bitcoin Cash futures on Oct. 19, pending regul...
A total of 577,815,416 XRP tokens, valued at about $900 million, were transferred from Uphold to an unidentified wallet in seven transactions while XRP traded near $1.53. This movement coincided with a decline in exchange-side supply and a $6.76 mill...
The total cryptocurrency market capitalization rose 4% to $2.99 trillion last week, briefly surpassing $3 trillion before a slight Bitcoin pullback. Bitcoin cash (BCH) surged 34% following CME's announcement of BCH futures, while NEAR gained over 30%...
Ethena (ENA) token experienced a sharp intraday decline of 7.08%, falling from $0.2924 to $0.2717 within four hours on September 27. Despite this drop, the token still showed a slight 0.52% increase over the past 24 hours. During the same period, liq...
