Thai authorities raided an unauthorized Bitcoin mining facility responsible for over $80,000 in electricity theft. The operation was identified through abnormal power consumption and was shut down to prevent further losses and infrastructure risks. This enforcement highlights Thailand's focus on cracking down on illegal crypto mining that strains local power grids. The raid does not signal new crypto laws but enforces existing rules on electricity theft and unlicensed business activities.
BlackRock is reportedly considering investing between $5 billion and $10 billion in SpaceX's upcoming IPO, which aims to raise $75 billion at a valuation of about $1.75 trillion. This could become the largest IPO in history, with SpaceX planning to l...
Firedancer, a new Solana validator client developed by Jump Crypto, is now live on the Solana mainnet and has processed tens of millions of transactions. Designed with high-frequency trading architecture, it helps Solana handle large transaction volu...
Bitcoin dominance recently closed above 60.88%, breaking out of an eight-month range and signaling strong institutional interest. Meanwhile, Solana perpetual open interest surged 156% in 35 days, showing growing demand in decentralized perpetual exch...
Between May 3 and May 15, Binance recorded near-daily XRP outflows exceeding 1 million XRP per transaction, totaling about 403 million XRP. This consistent withdrawal pattern suggests large holders or institutions are moving coins off the exchange, l...
Bitcoin short liquidations may reach $1.28 billion if the price surpasses $81,818, a key level where many leveraged short positions are clustered. This could trigger a short squeeze, forcing traders to buy back Bitcoin, which would add strong upward ...
