Crypto News
Oil Markets on Knife-Edge With Brent Poised for Violent Breakout Amid War Fears
A top economist warns explosive energy price swings from escalating Middle East tensions are inflaming inflation risks, driving investor panic, and threatening to destabilize fragile global growth. Global Markets Rattle With Energy Price Volatility and Mounting Inflation Pressures Rising geopolitical instability is jolting global markets, injecting sharp uncertainty into oil prices and casting fresh doubtsSource link
Cipher Mining Begins Bitcoin Production at 300 MW Black Pearl Data Center
Cipher Mining (CIFR) has begun bitcoin BTC production at its 300-megawatt (MW) Black Pearl facility in Texas, the company announced on Monday. The launch marks a key milestone for the firm, which now operates five active bitcoin mining data centers.Phase I of the site, currently running at 150 MW, has reached an initial hashrate of 2.5 exahashes per second (EH/s). That number is expected to rise to 9.6 EH/s by the end of the third quarter, as new mining rigs arrive and replace older units. Once fully operational, Cipher's total fleet will push toward a self-mining capacity of 23.1 EH/s.The company delivered the site in 16 months and credits its operational discipline for maintaining low production costs amid industry volatility.“We’re...
Crypto Scores Major Win as Fed Scraps Reputation Risk in Supervision
The Federal Reserve’s pivotal policy change strips away reputational risk limits, opening powerful new avenues for U.S. banks to expand crypto services and fuel digital asset growth. Fed’s Shift on Reputation Risk Accelerates Crypto’s Banking Integration A major regulatory shift is paving the way for stronger integration of cryptocurrencies into the U.S. banking system, markingSource link
Midnight Network Plots NIGHT Airdrop for Users of Bitcoin, Ethereum, Cardano and Beyond
Cardano-powered privacy network Midnight will offer NIGHT tokens in an airdrop to millions of crypto users on Bitcoin, Ethereum, and beyond.Source link
Aptos’ APT Gains 6% With High-Volume Buying Amidst Wider Crypto Market Bounce
Aptos' APT token started to bounce back with the wider crypto market, establishing a strong uptrend from $3.84 to $4.08, representing an 8.85% range, according to CoinDesk Research's technical analysis model.Read more: BTC Bounces Back Above $102K After Iranian Strikes on U.S. Bases in the GulfThe model showed that a clear support zone for APT formed around $3.87-$3.89, validated by high-volume buying.In recent trading, APT was 6.6% higher over 24 hours at around $4.096. The broader market gauge, the CoinDesk 20, was up 5.3% at publication time.Technical Analysis:Potentially strong support established at the $3.87-$3.89 zone with high-volume buying validation.Possible ascending channel formation with progressively higher lows at $4.012, $4.025, and $4.035.The resistance level was identified at $4.08-$4.10, and multiple tests...