Bitcoin miner MARA sold 13,597 BTC for $1.1 billion in six weeks, plans to sell more
MARA paid off every loan backed by its bitcoin and says the rest of its coins can fund AI datacenters.
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Louis Sykes talks with Zenith Head of Ecosystem Gustav Arentoft about connecting Ethereum's DeFi applications with Canton Network's institutional infrastructure. They explain EVM compatibility, Daml, privacy and the challenge of bringing retail users on
MARA paid off every loan backed by its bitcoin and says the rest of its coins can fund AI datacenters.
Both miners reported higher Bitcoin production but lower mining revenue and rising electricity costs as they expanded their AI infrastructure businesses.
MARA posted a $634.4 million Q3 net profit, then sold 13,597 BTC to repay $750 million in loans as it pivots to AI.
Bitcoin fell toward $75,500 after AI stocks plunged, and over $1 billion in the crypto derivatives market has been wiped out.
Thursday marked a massive reversal and historic selloff for AI stocks, and crypto was not immune. What held up the strongest?
After a six-month high, the US dollar is now on a downward trend, largely spurred by impressive job growth figures. Investors are eagerly awaiting the upcoming consumer price index data, a key factor for Federal Reserve rate considerations.
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The $24 billion project, which includes an AI supercomputer in Texas with its own gas-fired power plant, is about 17 times the value of SpaceX's bitcoin holdings.
Applications close Nov. 27 for an industry group that aims to draft initial standards for holding and settling tokenized securities by early 2028.
Global markets face a volatile week as investors assess the AI-led technology selloff, US inflation data, oil prices and geopolitical risks. China’s economic releases, European growth indicators and the COP31 climate summit will also shape sentiment.
Zcash's latest upgrade promises faster transactions, but thousands of coins remain in an aging privacy system that will soon stop accepting withdrawals, potentially leaving their owners empty-handed.
Wall Street's indexes climbed as investors honed in on Nvidia CEO Jensen Huang's investigation and awaited crucial inflation data. Nvidia's shares faced declines due to worries over foreign intelligence, yet analysts proposed that the sell-off in AI stocks was potentially overblown.
The proposed reduction aims to shorten transaction confirmation times and improve the user experience for point-of-sale payments, exchange deposits and cross-chain swaps.
Coreweave's steep yields reflect stress in the AI debt markets as investors worry about a data center slowdown. What comes next.