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BTC miner CleanSpark scoops up thousands of miners amid ‘distressed markets’

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CleanSpark bought over 3,800 mining machines at $15.50 per terahash – far below the current market price of $22.94 and an 85.4% discount from the all-time high costs of $106.62 in Dec. 2021.

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Coin Market

Coinbase invests in ProShares ETF tailored for stablecoin reserve assets

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The exchange has invested an undisclosed amount in ProShares’ Treasury-focused ETF built for the post-GENIUS era as lawmakers debate whether stablecoin issuers can offer yield-bearing products.

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Coin Market

Bitcoin’s $224K ‘fair value’ may emerge if sovereign debt fears deepen: Bitwise

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A sovereign default-risk model estimates Bitcoin’s fair value at $224,000, as rising debt risks and bond-market stress could strengthen the asset’s long-term investment case.

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Coin Market

Movement expands stablecoin payments push with access to US, Canada, EU rails

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The Move-based blockchain network said it gained access to licensed payment infrastructure as it shifts toward stablecoin settlement and remittances.

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