Category: News

BitMine expands Ethereum holdings with major purchase

BitMine doubles down on Ethereum despite market slump. BitMine has purchased 21,537 ether tokens, continuing its Ethereum accumulation strategy amid declining stock prices and billions in unrealized losses on its balance sheet, according to analytics platform Lookonchain. Lookonchain reported that…...
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XRP price breaks out above key moving average amid recovery

XRP price rebounds, faces resistance, bullish signs on the hourly chart. XRP price has recovered from recent lows and is trading above a key hourly moving average, according to technical analysis data. The cryptocurrency declined below a support level alongside…...
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Pump.fun team allegedly cashes out on over $400M in USDC

Pump.fun is back in the spotlight after new on-chain activity raised fresh questions about the project’s finances. Pump.fun is facing renewed scrutiny after large USDC transfers linked to the team were spotted on-chain. The project transferred over $400 million in…...
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Mayasia Hit By $1B Power Theft as Illegal Crypto Miners Drain the Grid

Malaysia’s electric utility provider Tenaga Nasional Bhd (TNB) revealed that it has suffered losses of more than $1 billion due to increased electricity theft linked to cryptocurrency mining over the past four years. A parliamentary filing this week revealed that nearly 14,000 premises were found to have tapped power...
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