Crypto News

Bitmine Immersion Technologies, Inc. (OTCQX: BMNRD) has announced the launch of its Bitcoin Treasury Advisory Practice, coinciding with a $4 million strategic transaction with a U.S. exchange-listed company. The company will provide “Mining as a Service” (MaaS) to its strategic partner, leasing 3,000 bitcoin ASIC miners for $3.2 million through December 30, 2025, with anSource link

Crypto markets extended their climb with ether (ETH) jumping 8% and bitcoin (BTC) inching back toward the $106,000 mark in the past 24 hours, despite broader risk-off sentiment in equities and gold.The resilience is in contrast to Friday’s surprise credit downgrade of the U.S. by Moody’s, which cited persistent fiscal deficits and political gridlock. Yet while equities sagged and gold extended its recent decline, falling nearly 7% from May highs, bitcoin held ground and even rallied briefly to $107,000 late Sunday before retracing.“Bitcoin’s ability to rally over the weekend despite a risk-off tone in equities following the Moody’s downgrade reinforces its positioning as a legitimate store of value,” QCP Capital said in a Telegram broadcast late Monday.The firm pointed to...

Binance called FTX suit legally baseless, blaming collapse on "one of the most massive corporate frauds in history."Source link

DigiAsia Corp (FAAS) plans to raise up to $100 million to seed a bitcoin treasury reserve (BTC), joining a growing list of publicly traded companies looking to diversify their corporate balance sheets with bitcoin.The announcement on Monday (which emphasized plans rather than executed actions) helped push DigiAsia’s shares up 91% during regular trading to 36 cents, before pulling back 22% after hours. The stock is still down more than 50% year-to-date.The company said its board had approved a strategy to allocate up to 50% of future net profits toward BTC purchases and was “actively exploring” a capital raise of up to $100 million, according to a press release.It also plans to pursue yield-generating strategies on its bitcoin holdings, including institutional...

Hwang was cut from her TV show and dropped by brands after admitting to using $3 million in company funds to invest in crypto.Source link