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Canaan’s Q2 mining revenue jumps 43% on Q1, but net loss climbs 31%

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Bitcoin mining firm Canaan posts second quarter financials, with BTC mining revenue up 43% from Q1 2023, though net losses also rose 31% to $110 million.

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Coin Market

Crypto PACs pour $3M into Maryland races as California voters head to polls

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An affiliate of a political action committee backed by crypto companies ramped up spending on ads in California ahead of Tuesday’s primaries, but still has millions of dollars at stake in Maryland later this month.

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Coin Market

Crypto correction vaporized $176B in investor funds: Are bears back in control?

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Bitcoin and altcoin prices crumbled as BTC lost the $70,000 level. Will investors’ pivot to AI stocks continue to weigh on crypto markets?

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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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