Shanghai-based Cango has signed definitive agreements to sell its China operations for $351.94 million in cash, marking a strategic shift towards cryptocurrency mining. Ursalpha Digital Limited, a British Virgin Islands-registered entity, will acquire Cango’s PRC business. The transaction includes an initial $210.64 million payment upon closing, with the remaining balance contingent on tax obligations and…
Major cryptocurrencies like Bitcoin, Solana, and Ethereum have dropped following Trump’s Liberation Day tariffs announcement. However, analysts believe a crypto rally could be on the horizon. On April 4, President Donald Trump announced that the United States is invoking at least a 10% tariff on all imported goods that come into the country. The announcement…
Bitcoin slipped under $82,000 support, and the Nasdaq Composite is on track for the biggest one-day percentage drop since March 2020. Stock and crypto traders are reeling from the aftermath of the U.S. President Donald Trump’s Liberation Day. All trade partners of the United States are facing the heat of reciprocal tariffs. Will Bitcoin (BTC)…
Key market indicators suggest that traders are exercising extreme caution in the crypto markets, as Trump’s tariffs spark widespread bearish sentiment. The rapidly escalating trade war between the U.S. and most of its major trading partners is striking fear into traders. On Friday, April 4, funding rates on most centralized and decentralized exchanges dropped below…
Crypto markets declined in March due to concerns over the ongoing trade war and monetary policy. Still, traders have not given up on Bitcoin, according to a new report from Binance. Bitcoin (BTC) reserve, monetary policy, and fears over the trade war are stirring the markets, according to Binance. On April 4, Binance published a…
Bitcoin price held steady above the critical support level of $80,000 as trade-related risks continued to rise. Bitcoin (BTC) was trading at $83,230 Friday morning, a level it has maintained for the past few days. This level marks a 9% gain from its lowest point in March. Bitcoin’s performance outpaced that of the U.S. stock…
As the stock market declines due to U.S. tariffs on most of its trading partners, Bitcoin has shown some resilience. An expert at Unchained explains why. US stocks have seen some of the worst performance in years. However, Bitcoin (BTC) showed relative resilience, which is great news for institutional investment, explains Joe Burnett, Director of…
Tether, the issuer behind the USDT stablecoin, has continued its Bitcoin investment strategy, purchasing an additional 8,888 BTC on the last day of Q1 2025. The latest acquisition, which cost $735 million, expands Tether’s (USDT) total Bitcoin (BTC) holdings to 100,521 BTC, or roughly $8.29 billion, according to data from Arkham Intelligence. The acquisition is…
While Western darknet markets faltered, Russian platforms dominated Bitcoin and TRON drug sales, analysts at TRM Labs say. Darknet marketplaces saw a slight revenue bump in 2024, bringing in over $1.7 billion, with Russian-language platforms still leading the way in crypto drug sales, analysts at blockchain forensic firm TRM Labs say. New darknet markets and…
Bitcoin’s selling pressure has fallen sharply, suggesting a period of consolidation through April and May. On a Apr. 1 post on X, CryptoQuant analyst Axel Adler Jr. noted that daily selling volume on major exchanges has dropped from 81,000 Bitcoin (BTC) to 29,000 BTC. Following this decline, the asset may enter a supply shortage phase…
