Author: James Wilson

United States-based Bitcoin miner Crusoe Energy is wrapping up its Bitcoin mining business as it plans to shift focus towards the artificial intelligence sector. According to a recent press release, Crusoe will sell 425 of its modular data centers— spanning sites across Colorado, North Dakota, Montana, Wyoming, New Mexico, Utah, Texas, and Argentina — with a combined 270 megawatts of power generation capacity, to the New York Digital Investment Group. The deal also includes its Digital Flare Mitigation business, and around 135 employees will transition to NYDIG. “Our innovative approach to energy utilized for mining is uniquely complementary to NYDIG’s…

Ethena Labs added another $225 million worth of BlackRock’s BUIDL tokens on Mar. 25, according to Arkham Intelligence.  Following this mint, Ethena (ENA) now holds a total of $1.29 billion in BUIDL tokens.  This valuation has boosted Ethena’s market share in the expanding tokenized U.S. Treasuries market. USDtb, Ethena’s yield-generating synthetic dollar, is at the heart of its strategy.  USDtb provides investors with exposure to Treasury yields while maintaining on-chain accessibility. The token is currently backed by $1.4 billion in assets, 90% of which are BUIDL tokens, along with Tether (USDT) and USD Coin (USDC), as per data from the…

SHIB just broke out of a weeks-long downtrend, thanks to a surge in its burn rate and growing investor interest around new developments in its ecosystem. Shiba Inu (SHIB) rallied 10% to an intraday high of $0.00001485 on March 26, with its market cap seated at $8.6 billion, flipping major players like Sui (SUI) and Hedera (HBAR) while rising to become the 19th largest crypto asset per data from CoinGecko. Three catalysts are driving SHIB’s gains today. First, the Shiba Inu team has teased Shib Finance, a major DeFi upgrade that will introduce a suite of financial tools, including reputation-based…

The U.S. Securities and Exchange Commission’s Crypto Task Force will host four public roundtables over the next three months to discuss key issues in cryptocurrency regulation. The SEC announced on its official website on Mar. 25 that these sessions, which will take place from April to June, will focus on important topics such as asset custody, tokenization, decentralized finance, and crypto trading regulations. This initiative is part of the SEC’s effort to create clearer rules for the industry. The SEC Crypto Task Force has been working to strike a balance between investor protection and innovation since its launch in January.…

Fidelity Investments is in the final stages of testing its own stablecoin as Washington moves toward new crypto oversight. One of the largest asset managers in the world, Fidelity Investments, appears to be quietly piloting its own stablecoin as it expands further into digital assets. According to a Financial Times report, which cites two sources close to the matter, the $5 trillion fund giant is in the advanced stages of testing a token that would function as cash in cryptocurrency markets. While details remain unknown, the stablecoin is said to be managed through Fidelity’s digital assets arm. It remains unclear…

GameStop Corporation is making its move into crypto with plans to invest part of its multibillion-dollar cash reserve into Bitcoin and stablecoins. After a unanimous approval from its board of directors, GameStop confirmed it will allocate a portion of its corporate cash, and potentially future debt issuances, toward acquiring digital assets like Bitcoin, a March 25 CNBC report claimed. The strategy was outlined in GameStop’s fourth-quarter earnings report, which noted the company’s updated investment policy now permits holding certain cryptocurrency assets. The report explicitly named Bitcoin and stablecoins as part of its new treasury approach. “The Company’s investment policy permits investments…

Pump.fun’s new decentralized exchange, PumpSwap, has reached $1.52 billion in trading volume just a week after launch. Dune Analytics data shows that PumpSwap DEX has handled more than 14 million swaps, bringing in a total of $3.03 million in fees. The current 0.25% trading fee structure allocates 0.20% to liquidity providers and 0.05% to the protocol. However, this will change after Creator Revenue Sharing is implemented. The majority of PumpSwap transactions are small despite the high trading volume. According to data from Flipside, 21.40% of trades are between $10 and $100, while 65.22% involve amounts under $10. 441,000 wallets are…

Berachain has gained over 35% in the past week, regaining strength after a consolidation phase. Trading at $7.89 as of press time, Berachain (BERA) is nearing a crucial resistance level of $8.34. A breakout from here might pave the way for additional gains, possibly toward the $10 psychological price. The relative strength index has climbed to 59, moving closer to overbought levels but still leaving room for upside.  Berachain technical analysis. Credit: crypto.news With immediate support at $6.53 and a stronger floor at $5.14, Bollinger Bands indicate that the price is tightening within a range. Both the 10-day and 20-day…

Vishnu: 1953) Many people think of the Cardano and Polkadot blockchains as Ethereum Killers, but little do they know that Cardano could’ve been the one, but is not efficient, and according to some rumours it also has incomplete smart contracts. Whereas, Polkadot is a completely different blockchain. So to help us understand better, here’s a brief Cardano vs Polkadot comparison: Characteristics Cardano PolkadotTokenADADOTCreated byCharles HoskinsonGavin WoodYear of Emergence20152017Transactions per second257164Layers of ProcessingTwo-layeredSingle layered What is Cardano?  Cardano (ADA) is an open-source blockchain with a proof of stake consensus algorithm. Ethereum co-founder Charles Hoskinson announced it as a blockchain that outperforms…

So, we’re diving into Cross Finance are we? Let’s have a word about history first, In 2023, CrossFi made significant strides in the cryptocurrency world. It launched the CrossFi Chain in March and introduced its XFI coin, which was listed on several exchanges, including MEXC and CoinMarketCap, by May.  Throughout the year, CrossFi hosted major events in Vietnam, gained recognition as the best crypto project in a Huobi contest, and actively participated in prominent crypto conferences like TOKEN2049 in Singapore. They also sponsored Beatland, an international beatboxing competition. By the end of the year, CrossFi had opened offices in Vietnam…