Category: Industry Insights
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Esports Giant Ninjas in Pyjamas Buys Bitcoin Miners, Expects Monthly Production of $6.5M in BTC – Decrypt
NIP Group, parent company of esports team Ninjas in Pyjamas, has entered Bitcoin mining with rigs producing 60 BTC monthly ($6.5M). Stock fell 17% post-announcement.
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Crypto Draining Fake Wallet Extensions Flood Firefox Store – Decrypt
Over 40 malicious Firefox extensions impersonated crypto wallets like MetaMask and Coinbase, stealing seed phrases and funds in the ‘FoxyWallet’ campaign. Mozilla is working to remove them.
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Russia’s military-industrial powerhouse Rostec to launch ruble-backed token on Tron
Russia’s Rostec plans to launch RUBx, a ruble-backed stablecoin on Tron blockchain, with RT-Pay platform for secure, compliant digital transactions by year-end.
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cheqd and ASI Alliance team up to address AI identity crisis with verifiable credentials
cheqd partners with ASI Alliance to provide verifiable credentials for AI agents using decentralized identifiers, addressing identity fraud in the rapidly growing AI agent market.
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Bitrue Launches Tokenized Stock Trading for US Equities via xStocks
Bitrue introduces tokenized stock trading for US equities via xStocks, offering six major tech stocks like Apple and Tesla, available through Bitrue Alpha for non-restricted jurisdictions.
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Crypto YTD Flows: Coinbase’s Base Loses Over $4B in Capital Outflows Through Cross-Chain Bridges; Ethereum Receives $6.2B
Coinbase’s Base chain has shifted from leading capital inflows to experiencing $4.3B in outflows this year, while Ethereum gained $8.5B. Stablecoin supply on Base has flattened, and ETH deposits dropped significantly.
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Adecoagro Partners With Tether to Pioneer Renewable Energy Use for Bitcoin Mining in Brazil – Mining Bitcoin News
Adecoagro partners with Tether to utilize renewable energy for Bitcoin mining in Brazil, converting excess energy into a new revenue stream through cryptocurrency.
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The Open Platform is the first unicorn in Web3 ecosystem in Telegram at $1bn valuation
The Open Platform becomes TON’s first unicorn with $1bn valuation after raising $28.5M in Series A funding led by Ribbit Capital to expand Telegram’s blockchain ecosystem globally.
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MARA’s $5.4B Bitcoin treasury grows to 50k BTC as miners adopt a HODL strategy
MARA’s Bitcoin holdings reach 49,940 BTC, valued at $5.4B, making it the second-largest corporate holder. Miners are adopting long-term HODL strategies, reducing market supply and impacting exchange balances.
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Ripple Mints 16M RLUSD, Is XRP About to Take Off? – Coinspeaker
Ripple minted 16M RLUSD tokens, increasing supply amid growing demand. Analysts note a bullish pattern for XRP, predicting a potential 15% breakout to $2.65.
