Author: Crypto Editor
HONG KONG, Sept. 2, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Firm”) immediately printed its Bitcoin manufacturing and mining operations replace for August 2025.Bitcoin Mining Manufacturing and Mining Operations Replace for August 2025MetricAugust 2025 1July 2025 1Variety of Bitcoin produced663.7650.5Common variety of Bitcoin produced per day21.4120.99Complete variety of Bitcoin held 25,193.44,529.7Deployed hashrate50 EH/s50 EH/sCommon working hashrate 343.74 EH/s 40.91 EH/sUnaudited, estimated.As of month-end.Common over the month.Observe: Cango holds Bitcoin for the long run and doesn’t at present intend to promote any of its Bitcoin holdings.Paul Yu, CEO and Director of Cango, commented, “With our new 50 EH/s deployed capability…
In short BitMine Immersion Applied sciences lately bought 153,000 Ethereum. It now owns roughly 1.5% of the asset’s provide, with its stash valued above $8 billion. Ethereum is having a “1971 second,” Tom Lee stated. BitMine Immersion Applied sciences lately bought 153,000 Ethereum, taking a $655 million step towards its aim of proudly owning 5% of the asset’s provide, based on a press launch.The Las Vegas-based agency now owns roughly 1.86 million Ethereum value $8.1 billion. The corporate, which initiated its Ethereum treasury technique in late June, at the moment owns 1.5% of the 120.7 million Ethereum in existence, based…
After a two-week governance course of wherein greater than half of validators solid votes, Solana is ready to be upgraded utilizing the Alpenglow consensus protocol.In response to the outcomes of the governance course of launched on Tuesday, greater than 98% voted sure to approve the brand new consensus protocol for Solana, with a 52% stake taking part. The Alpenglow improve is anticipated to cut back the transaction finality to 150 milliseconds from greater than 12 seconds, considerably overhauling the ecosystem.“At these speeds, Solana may understand Web2-level responsiveness with L1 finality, unlocking new use circumstances that require each pace and cryptographic…
Coinbase Derivatives stated it’ll introduce a brand new kind of fairness index futures contract later this month, providing buyers publicity to each main U.S. expertise shares and cryptocurrency exchange-traded funds (ETFs) in a single product.Launching Sept. 22, the Mag7 + Crypto Fairness Index Futures would be the first U.S.-listed derivatives contracts to mix conventional equities with digital belongings, in accordance with a weblog publish.The transfer, stated the corporate, marks enlargement past single-asset derivatives into multi-asset choices designed to provide buyers thematic publicity to innovation and development sectors.The brand new index consists of ten parts weighted equally at 10% every. It…
Ripple’s XRP has been buying and selling underneath persistent sell-side strain, trending inside a descending parallel channel since August 2. Whereas the altcoin has tried a number of breakouts from this bearish construction, sentiment has remained overwhelmingly destructive, stopping any sustained transfer greater. With trade balances climbing and promoting exercise intensifying, XRP could possibly be poised for additional losses this month. XRP Struggles to Break Free as Bears Maintain Worth Trapped in a DeclineSponsored A descending parallel channel types when an asset persistently posts decrease highs and decrease lows inside two parallel trendlines. This setup displays a sustained decline in…
PCE inflation information spiked rate-cut odds to 87.2% for September’s Fed assembly. Crypto, equities, and gold may rally as simpler cash encourages risk-taking. Merchants ought to watch upcoming jobs information and Fed speeches for potential curveballs. The most recent PCE inflation numbers dropped, and so they’ve lit a fireplace beneath the markets. As dealer @SatoshiFlipper identified, the chances of a Federal Reserve fee reduce in September have gone by the roof. Based on CME FedWatch, there’s now an 87.2% likelihood the Fed eases at its Sept. 17, 2025 assembly. For traders throughout shares, crypto, and even commodities, this could possibly…
CEA Industries Inc. (Nasdaq: BNC) has strengthened its crypto reserves as soon as once more, confirming the acquisition of 38,888 further BNB tokens price $33 million.This transfer pushes the corporate’s whole holdings to 388,888 BNB, valued at roughly $330 million, additional entrenching its standing as the biggest company holder of Binance’s native asset. Driving Towards 1% Possession The accumulation technique displays BNC’s long-term ambition to safe 1% of BNB’s whole provide by the shut of 2025. Attaining that milestone would place the agency among the many most influential gamers in international crypto markets, giving it a commanding presence in one…
Regulators in India have begun taking a tough have a look at how among the nation’s crypto exchanges truly run day-to-day. The concern is easy: a couple of of them may be making the identical errors that introduced down giants like FTX and Mt. Gox. Everybody remembers what occurred there, poor transparency, buyer cash being utilized in methods it shouldn’t, and traders dropping huge ultimately. From what’s being mentioned, this assessment is actually targeted on two issues. First, how buyer funds are saved. Second, whether or not the proof-of-reserves claims these platforms publish may be trusted. There are already hints…
The Ethereum value continues to check traders’ persistence because it consolidates simply beneath crucial resistance ranges. A crypto analyst has labeled this stretch a “loading at prior excessive section,” suggesting that the market is caught on this space. At the moment, bulls are eyeing a decisive breakout above $5,000, however the analyst stays torn about whether or not ETH is merely pausing earlier than one other surge or establishing for a deeper retest. Ethereum Worth Loading Section Possible Brief-Lived A market knowledgeable recognized as ‘Crypto Nova’ has characterised Ethereum’s present value behaviour as a loading section going down close to…
Has Bitcoin ever dropped beneath 200 WMA?Bitcoin bucking risk-on development Bitcoin’s 200-week transferring common (200 WMA) has now handed the $52,000 mark. This basically implies that Bitcoin is probably going by no means going again beneath the aforementioned degree. The 200 WMA is often utilized by merchants so as to have the ability to clean out years of worth information and establish very broad developments.This degree is often seen as Bitcoin’s diamond-crusted assist degree that just about by no means will get breached. Has Bitcoin ever dropped beneath 200 WMA?Although the 200 WMA is often handled as the final word backside, it’s value noting…