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Bitcoin ETFs lose $1.16B as Bitwise calls selling ‘short-term’

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Bitwise’s André Dragosch attributed Bitcoin ETF outflows to weaker market sentiment, saying institutions have largely maintained their exposure.

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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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Coin Market

Crypto ally French Hill wins reelection but set to lose House chair

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Republican French Hill secured another term in Congress but will lose his leadership of the House Financial Services Committee when Democrats take control in January.

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Asian crypto exchanges batten down the hatches as hacks surge: Asia Express

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Asian crypto exchanges are scrambling to tighten security on fears of a wave of potentially AI-assisted hacks, even as regional governments embrace tokenization and stablecoins.

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