Crypto News
Tether to Use Ocean for Decentralized Bitcoin Mining
Ocean is a decentralized bitcoin mining pool launched by longtime Bitcoin Core developer Luke Dashjr in 2023 and backed by former Twitter CEO Jack Dorsey. Ocean to Power Tether’s New Decentralized Bitcoin Mining Strategy Tether, the largest stablecoin issuer in the world, has teamed up with Ocean, a decentralized Bitcoin mining pool founded by veteranSource link
Another Swedish Lawmaker Pushes to Add Bitcoin to National Reserves
Two Swedish MPs want Bitcoin added to reserves, mirroring U.S. efforts to build a national crypto reserve from seized digital assets.Source link
Story’s IP Swings 20% in Volatile Trading Session
Story Protocol’s IP tokens slumped 20% and retraced the entire move within hours late Monday in an unusual trading session.IP fell from nearly $4 to $3.27 in a four-hour period, jumping back to over $4 in a couple of hours after hitting the daily low. The majority of the trading volume during this event was concentrated on major exchanges Binance and OKX Spot, with over $40 million in trading volumes before the plunge and $138 million after recovery.The broader crypto market was relatively stable at the time, with bitcoin trading around $84,000 and no clear overarching trend impacting altcoins. This made the IP token’s sudden slump and recovery stand out as an isolated event.Rumors circulated that large volumes of IP...
Dogecoin Slumps 3%, Bitcoin Steady Around $85K as Traders Fear U.S. Recession
Dogecoin (DOGE) shed 3% while bitcoin (BTC) and ether (ETH) remained flat in the past 24 hours as tariff concerns gradually subsided among traders, though fears of a U.S. recession increased in betting markets.“Prominent financial figures have started to warn that the U.S. is heading into an imminent recession, with betting markets placing 40% to 60% odds of one happening in 2025,” Augustine Fan, head of insights at SignalPlus, told CoinDesk in a Telegram message. “Our view is that it probably doesn't matter, as sentiment often frames reality, not the other way around.”“As such, crypto has benefited from the recent shake-out, as equities have been realizing higher volatility than Bitcoin through the risk-off move. A beggar-thy-neighbour policy with tariffs has...
Canada to Launch ‘World First’ Spot Solana ETFs With Staking This Week: Balchunas
Canada has outpaced the U.S. with the launch of staking-enabled spot Solana ETFs as interest globally continues to build.Source link