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Crypto-backed GOP candidate wins Alabama Senate runoff with June primaries looming

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Several more US states are scheduled to hold primaries next week after one Republican candidate won in Alabama on Tuesday after a crypto company-backed PAC used what it called its “biggest spend of the cycle.”

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Coin Market

Crypto exchanges tout cold storage ratios after Binance attack

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Coinbase says it keeps more than 99% of customer assets offline, while Gate reports 88.26% of its total assets are kept in cold storage.

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Coin Market

Core Scientific to quit Bitcoin mining by year-end as AI business surges

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The former Bitcoin mining heavyweight plans to become a pure-play data center provider in 2027, with mining now accounting for just 7.5% of quarterly revenue.

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American Bitcoin’s $126M profit masks mining pressure as rivals turn to AI

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The Eric Trump-backed miner reported $126 million in quarterly net income, largely driven by gains on its Bitcoin holdings, despite rising mining costs and shrinking margins.

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