Month: July 2025

XRP Accumulation Plan Boosts Hyperscale Data Stock by 12%

Shares of Hyperscale Data (GPUS) rose as much as 12% Monday after the company confirmed it has begun acquiring XRP, following through on its previously announced plan to allocate up to $10 million into the token as part of a broader digital asset strategy. In a July 28 statement,...
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$20 Million Bitcoin Laundering Ring Busted in China

Chinese authorities uncovered a Bitcoin laundering operation that ran out of a major tech company. The scheme, worth nearly $20 million, was uncovered inside Kuaishou, one of China’s largest short-video platforms. The investigation was led by officials in Beijing’s Haidian District and has quickly become one of the country’s...
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Tron Inc Files to Raise $1 Billion After Merger

Tron Inc has filed with the SEC to raise up to $1 billion through a combination of debt and equity. The company, which used to operate under the name SRM Entertainment, recently completed a merger with Justin Sun’s Tron project. The filing comes on the heels of a strong...
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Anthony Scaramucci Says It’ll Be A ‘Big Deal’ If Jamie Dimon-Led JPMorgan Allows Lending Against Bitcoin

Anthony Scaramucci, the founder of SkyBridge Capital, said Monday that JPMorgan Chase & Co.’s (NYSE:JPM) reported plan to allow clients to borrow against their Bitcoin (CRYPTO: BTC) holdings has the potential to change the financial dynamics of the leading cryptocurrency. What Happened: In an X post, Scaramucci described the banking behemoth’s reported plans...
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Bitcoin Mining Power Nears New Record: 7-Day Hashrate Hits 942 EH/s

On-chain data shows the weekly average Bitcoin Hashrate has surged to 942 EH/s, putting it within striking distance of the all-time high (ATH). Bitcoin Hashrate Has Gone Through A Recovery Run The “Hashrate” refers to a Bitcoin indicator that keeps track of the total amount of computing power that...
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