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Bitmain’s revenge, Hong Kong’s crypto rollercoaster: Asia Express

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Bitmain allegedly fires staff for speaking out against salary cuts, Hong Kong investors lose faith in crypto after the JPEX scandal, Bitget gets a new crypto credit card and more.

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Coin Market

CME Group sues CFTC over crypto perpetual futures

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The lawsuit targets the federal regulator and Chair Michael Selig, alleging that the Commodity Futures Trading Commissioin is treating cryptocurrency “futures” as “swaps,” posing risks to derivatives markets.

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Coin Market

HIVE secures $220M AI infrastructure contract with Bell and Cohere

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The deal is expected to add approximately $70 million in annual recurring revenue as the company scales its AI-focused operations.

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Coin Market

Bitcoin miners need billions to fund AI ambitions, led by IREN’s $21B gap

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IREN leads public Bitcoin miners with a projected $21.1 billion AI infrastructure funding gap, underscoring the capital-intensive nature of converting mining sites into data centers.

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