[Hut 8 named winning bidder for 2 Poolin Texas data centers]
Hut 8 (HUT) has been selected as the winning bidder for two Texas data centers owned by Bitcoin mining pool Poolin, The Block reported. Hut 8 offered $140 million, about three times the combined $52 million minimum bid set for the two facilities.
Poolin said in late July it filed for Chapter 11 bankruptcy protection and planned to sell its Bitcoin mining facilities in Texas. Poolin’s liabilities total about $173 million, including $164 million tied to unsecured IOUs issued to wallet users.
https://coinness.com/en/news/1169723
Hut 8 (HUT) has been selected as the winning bidder for two Texas data centers owned by Bitcoin mining pool Poolin, The Block reported. Hut 8 offered $140 million, about three times the combined $52 million minimum bid set for the two facilities.
Poolin said in late July it filed for Chapter 11 bankruptcy protection and planned to sell its Bitcoin mining facilities in Texas. Poolin’s liabilities total about $173 million, including $164 million tied to unsecured IOUs issued to wallet users.
https://coinness.com/en/news/1169723
CoinNess
Hut 8 named winning bidder for 2 Poolin Texas data centers - CoinNess
Hut 8 (HUT) has been selected as the winning bidder for two Texas data centers owned by Bitcoin mining pool Poolin, The Block reported. Hut 8 offered $140 milli...
[Bitcoin tops $80K as analysts split on cycle bottom and rally risks]
Bitcoin’s move above $80,000 was driven by strong demand from institutional investors and ETFs, an improving regulatory backdrop, and a more supportive macro environment, The Block analyzed.
The outlet said some analysts view the advance as a sign Bitcoin may have already passed the cycle bottom, while others warned the rally could be vulnerable to a pullback, citing lower trading volume, narrowing market breadth, and derivatives positioning that shows less conviction than before.
https://coinness.com/en/news/1169724
Bitcoin’s move above $80,000 was driven by strong demand from institutional investors and ETFs, an improving regulatory backdrop, and a more supportive macro environment, The Block analyzed.
The outlet said some analysts view the advance as a sign Bitcoin may have already passed the cycle bottom, while others warned the rally could be vulnerable to a pullback, citing lower trading volume, narrowing market breadth, and derivatives positioning that shows less conviction than before.
https://coinness.com/en/news/1169724
CoinNess
Bitcoin tops $80K as analysts split on cycle bottom and rally risks - CoinNess
Bitcoin’s move above $80,000 was driven by strong demand from institutional investors and ETFs, an improving regulatory backdrop, and a more supportive macro ...
[Glassnode sees BTC rising to $95K-$97K if it holds above $84K]
Glassnode said Bitcoin could extend its rebound toward the next major resistance zone at $95,000-$97,000 if it holds above $84,000, according to Crypto Briefing.
The firm said stronger inflows into U.S. spot Bitcoin ETFs and a recovery in spot-market trading activity could support the move. Glassnode added Bitcoin is now trading above the True Market Mean, or TMM, at $77,000, which it described as the average cost basis of active BTC excluding long-dormant supply, and has also moved past the $84,000-$85,000 range where long-term holder supply is concentrated. The next key resistance is around $96,700, a zone close to where options market positions are also concentrated, it said. If Bitcoin falls back below $84,000, however, the $77,000 support level could come back into focus. Glassnode also said selling pressure has remained relatively limited during the latest advance, with holders not yet moving aggressively to take profits.
https://coinness.com/en/news/1169725
Glassnode said Bitcoin could extend its rebound toward the next major resistance zone at $95,000-$97,000 if it holds above $84,000, according to Crypto Briefing.
The firm said stronger inflows into U.S. spot Bitcoin ETFs and a recovery in spot-market trading activity could support the move. Glassnode added Bitcoin is now trading above the True Market Mean, or TMM, at $77,000, which it described as the average cost basis of active BTC excluding long-dormant supply, and has also moved past the $84,000-$85,000 range where long-term holder supply is concentrated. The next key resistance is around $96,700, a zone close to where options market positions are also concentrated, it said. If Bitcoin falls back below $84,000, however, the $77,000 support level could come back into focus. Glassnode also said selling pressure has remained relatively limited during the latest advance, with holders not yet moving aggressively to take profits.
https://coinness.com/en/news/1169725
CoinNess
Glassnode sees BTC rising to $95K-$97K if it holds above $84K - CoinNess
Glassnode said Bitcoin could extend its rebound toward the next major resistance zone at $95,000-$97,000 if it holds above $84,000, according to Crypto Briefing...
[White House aide denies Clarity Act failed over Trump’s crypto interests]
Patrick Witt, executive director of the White House crypto council, denied claims that the Clarity Act failed in the Senate last week because of President Donald Trump’s personal crypto interests, according to CoinDesk.
Speaking at a conference at Georgetown University, Witt said Democrats had politicized the issue. He said a recently passed House bill did not include strict government ethics review provisions, while the main focus of the debate over the Clarity Act was the president, and Trump agreed to what Witt described as unprecedented ethics provisions. Witt also argued it was ironic for Democrats to raise concerns about improper conflicts of interest on the grounds that Trump was shaping crypto policy while running crypto businesses, adding that many senators on the Banking Committee hold and trade shares in financial services companies they regulate.
https://coinness.com/en/news/1169726
Patrick Witt, executive director of the White House crypto council, denied claims that the Clarity Act failed in the Senate last week because of President Donald Trump’s personal crypto interests, according to CoinDesk.
Speaking at a conference at Georgetown University, Witt said Democrats had politicized the issue. He said a recently passed House bill did not include strict government ethics review provisions, while the main focus of the debate over the Clarity Act was the president, and Trump agreed to what Witt described as unprecedented ethics provisions. Witt also argued it was ironic for Democrats to raise concerns about improper conflicts of interest on the grounds that Trump was shaping crypto policy while running crypto businesses, adding that many senators on the Banking Committee hold and trade shares in financial services companies they regulate.
https://coinness.com/en/news/1169726
CoinNess
White House aide denies Clarity Act failed over Trump’s crypto interests - CoinNess
Patrick Witt, executive director of the White House crypto council, denied claims that the Clarity Act failed in the Senate last week because of President Donal...
[Kalshi says it is not under CFTC investigation over prediction market trading]
Kalshi said it is not under investigation by the U.S. Commodity Futures Trading Commission over prediction market trading activity, according to CoinDesk.
The company said it has not received any contact from the CFTC. The statement followed earlier reports alleging that more than half of trading volume in Kalshi’s Bitcoin and Ethereum perpetual futures markets was driven by repetitive trading by a specific bot. The CFTC has said roughly 1 million trades in the Ethereum market appeared to have been executed in similar amounts, and it would decide whether to open an enforcement probe after reviewing Kalshi’s trading records.
https://coinness.com/en/news/1169727
Kalshi said it is not under investigation by the U.S. Commodity Futures Trading Commission over prediction market trading activity, according to CoinDesk.
The company said it has not received any contact from the CFTC. The statement followed earlier reports alleging that more than half of trading volume in Kalshi’s Bitcoin and Ethereum perpetual futures markets was driven by repetitive trading by a specific bot. The CFTC has said roughly 1 million trades in the Ethereum market appeared to have been executed in similar amounts, and it would decide whether to open an enforcement probe after reviewing Kalshi’s trading records.
https://coinness.com/en/news/1169727
CoinNess
Kalshi says it is not under CFTC investigation over prediction market trading - CoinNess
Kalshi said it is not under investigation by the U.S. Commodity Futures Trading Commission over prediction market trading activity, according to CoinDesk. The ...
[US stocks close lower]
The three major U.S. stock indices closed lower today.
- S&P 500: -0.75%
- Nasdaq: -1.13%
- Dow Jones: -0.68%
https://coinness.com/en/news/1169728
The three major U.S. stock indices closed lower today.
- S&P 500: -0.75%
- Nasdaq: -1.13%
- Dow Jones: -0.68%
https://coinness.com/en/news/1169728
CoinNess
US stocks close lower - CoinNess
The three major U.S. stock indices closed lower today. - S&P 500: -0.75% - Nasdaq: -1.13% - Dow Jones: -0.68%
[Trump bought up to $100K in Strategy shares in July]
According to a filing from the U.S. Office of Government Ethics, U.S. President Donald Trump bought between $50,000 and $100,000 worth of Strategy (MSTR) shares in July. The purchase was the largest cryptocurrency-related trade listed in the filing. Trump also bought Coinbase shares and sold MARA Holdings and CleanSpark stock.
https://coinness.com/en/news/1169729
According to a filing from the U.S. Office of Government Ethics, U.S. President Donald Trump bought between $50,000 and $100,000 worth of Strategy (MSTR) shares in July. The purchase was the largest cryptocurrency-related trade listed in the filing. Trump also bought Coinbase shares and sold MARA Holdings and CleanSpark stock.
https://coinness.com/en/news/1169729
CoinNess
Trump bought up to $100K in Strategy shares in July - CoinNess
According to a filing from the U.S. Office of Government Ethics, U.S. President Donald Trump bought between $50,000 and $100,000 worth of Strategy (MSTR) shares...
[CFTC chairman says crypto framework is being built within existing law]
U.S. Commodity Futures Trading Commission Chairman Michael Selig said the agency is building a cryptocurrency regulatory framework using its existing legal authority, CNBC reported.
In a CNBC appearance on Sept. 23, Selig said now is the right time and added President Donald Trump had pledged from his first day in office to complete the crypto market structure and establish clear regulatory policy. Selig said the rules are now being rolled out, whether through legislation or agency rulemaking, and added regulators already have substantial legal authority. Selig also stressed that regulators will continue issuing rules to prepare for what he described as the frontier of new finance.
https://coinness.com/en/news/1169730
U.S. Commodity Futures Trading Commission Chairman Michael Selig said the agency is building a cryptocurrency regulatory framework using its existing legal authority, CNBC reported.
In a CNBC appearance on Sept. 23, Selig said now is the right time and added President Donald Trump had pledged from his first day in office to complete the crypto market structure and establish clear regulatory policy. Selig said the rules are now being rolled out, whether through legislation or agency rulemaking, and added regulators already have substantial legal authority. Selig also stressed that regulators will continue issuing rules to prepare for what he described as the frontier of new finance.
https://coinness.com/en/news/1169730
CoinNess
CFTC chairman says agency is building crypto framework under existing law - CoinNess
U.S. Commodity Futures Trading Commission Chairman Michael Selig said the agency is building a regulatory framework for cryptocurrencies using its existing lega...
[Bloomberg: U.S. weighs support for wider overseas use of dollar stablecoins]
The U.S. government is considering ways to support broader use of dollar-based stablecoins in overseas markets, Bloomberg reported. Last year, U.S. President Donald Trump signed an executive order promoting legal and trustworthy dollar-based stablecoins worldwide after the passage of the GENIUS Act, a U.S. stablecoin regulatory bill, according to the report.
https://coinness.com/en/news/1169731
The U.S. government is considering ways to support broader use of dollar-based stablecoins in overseas markets, Bloomberg reported. Last year, U.S. President Donald Trump signed an executive order promoting legal and trustworthy dollar-based stablecoins worldwide after the passage of the GENIUS Act, a U.S. stablecoin regulatory bill, according to the report.
https://coinness.com/en/news/1169731
CoinNess
Bloomberg: U.S. weighs support for wider overseas use of dollar stablecoins - CoinNess
The U.S. government is considering ways to support broader use of dollar-based stablecoins in overseas markets, Bloomberg reported. Last year, U.S. President Do...
[Whales holding 100-1,000 BTC have accumulated 113,950 BTC since July 15]
Wallets holding 100 to 1,000 BTC have accumulated about 113,950 BTC since July 15, according to on-chain analytics platform Santiment. Over the same period, the group’s Bitcoin holdings rose 2.22% to about 5.24 million BTC.
Santiment said accumulation by this wallet cohort has historically shown a strong correlation with the direction of the crypto market and has often appeared before or during periods of strong directional moves. The firm added the recent rise in Bitcoin suggests the uptrend has not relied solely on retail buying, but has also been supported by purchases from whales with substantial capital.
https://coinness.com/en/news/1169732
Wallets holding 100 to 1,000 BTC have accumulated about 113,950 BTC since July 15, according to on-chain analytics platform Santiment. Over the same period, the group’s Bitcoin holdings rose 2.22% to about 5.24 million BTC.
Santiment said accumulation by this wallet cohort has historically shown a strong correlation with the direction of the crypto market and has often appeared before or during periods of strong directional moves. The firm added the recent rise in Bitcoin suggests the uptrend has not relied solely on retail buying, but has also been supported by purchases from whales with substantial capital.
https://coinness.com/en/news/1169732
CoinNess
Whales holding 100-1,000 BTC have accumulated 113,950 BTC since July 15 - CoinNess
Wallets holding 100 to 1,000 BTC have accumulated about 113,950 BTC since July 15, according to on-chain analytics platform Santiment. Over the same period, the...
[BTC falls below estimated $86K cost basis for recent U.S. spot ETF buyers]
Bitcoin fell below $86,000 overnight amid a short-term pullback, slipping under what is estimated to be the average purchase price for recent investors in U.S. spot ETFs, The Defiant analyzed.
Citing analysis from U.S.-based crypto exchange Bitfinex, the outlet said the average cost basis for investors in U.S. spot Bitcoin ETFs is estimated at about $86,000. With BTC dropping below that level, capital that recently flowed in through the ETFs has also moved into unrealized losses. U.S. spot BTC ETFs saw net inflows of $999 million on Monday and $714.7 million on Tuesday, and BTC has since fallen below the prices at which those funds entered. The report said the key question for whether Bitcoin’s uptrend can continue is whether sustained net buying persists at prices above ETF investors’ average cost basis. According to CoinMarketCap, BTC was trading at $84,575.72, down 1.97%, at the time of writing.
https://coinness.com/en/news/1169733
Bitcoin fell below $86,000 overnight amid a short-term pullback, slipping under what is estimated to be the average purchase price for recent investors in U.S. spot ETFs, The Defiant analyzed.
Citing analysis from U.S.-based crypto exchange Bitfinex, the outlet said the average cost basis for investors in U.S. spot Bitcoin ETFs is estimated at about $86,000. With BTC dropping below that level, capital that recently flowed in through the ETFs has also moved into unrealized losses. U.S. spot BTC ETFs saw net inflows of $999 million on Monday and $714.7 million on Tuesday, and BTC has since fallen below the prices at which those funds entered. The report said the key question for whether Bitcoin’s uptrend can continue is whether sustained net buying persists at prices above ETF investors’ average cost basis. According to CoinMarketCap, BTC was trading at $84,575.72, down 1.97%, at the time of writing.
https://coinness.com/en/news/1169733
CoinNess
BTC falls below estimated $86K cost basis for recent U.S. spot ETF buyers - CoinNess
Bitcoin fell below $86,000 overnight amid a short-term pullback, slipping under what is estimated to be the average purchase price for recent investors in U.S. ...
[Aster launches Grid 2.0 and marketplace]
Decentralized perpetual futures exchange Aster said on X it has launched Grid 2.0 and a marketplace.
Aster said Grid 2.0 lets users run grid strategies and standard perpetual futures trades at the same time, while isolated margin allows up to 50 independent grid strategies per account on the same trading pair. In the Grid marketplace, users can view grids already running on Aster by market and compare data including PnL, ROI, operating duration, and trading activity. Users can also copy existing grid strategies or invert the long-short direction and adjust parameters to build new grids.
https://coinness.com/en/news/1169734
Decentralized perpetual futures exchange Aster said on X it has launched Grid 2.0 and a marketplace.
Aster said Grid 2.0 lets users run grid strategies and standard perpetual futures trades at the same time, while isolated margin allows up to 50 independent grid strategies per account on the same trading pair. In the Grid marketplace, users can view grids already running on Aster by market and compare data including PnL, ROI, operating duration, and trading activity. Users can also copy existing grid strategies or invert the long-short direction and adjust parameters to build new grids.
https://coinness.com/en/news/1169734
CoinNess
Aster launches Grid 2.0 and marketplace - CoinNess
Decentralized perpetual futures exchange Aster said on X it has launched Grid 2.0 and a marketplace. Aster said Grid 2.0 lets users run grid strategies and sta...
[U.S., China agree to extend trade truce by 2 months: Treasury chief]
The United States and China have agreed to extend their trade truce by two months, U.S. Treasury Secretary Scott Bessent said, according to Money Today.
https://coinness.com/en/news/1169735
See more: https://www.mt.co.kr/world/2026/09/24/2026092407395756064
The United States and China have agreed to extend their trade truce by two months, U.S. Treasury Secretary Scott Bessent said, according to Money Today.
https://coinness.com/en/news/1169735
See more: https://www.mt.co.kr/world/2026/09/24/2026092407395756064
CoinNess
U.S., China agree to extend trade truce by 2 months: Treasury chief - CoinNess
The United States and China have agreed to extend their trade truce by two months, U.S. Treasury Secretary Scott Bessent said, according to Money Today.
[Hack of D'CENT Wallet app stole about $20M in XRP from thousands of wallets]
About 11.7 million XRP, worth roughly $20 million, was stolen from thousands of users’ wallets in a hacking attack targeting the D'CENT Wallet self-custody app, BeInCrypto reported, citing on-chain forensic analysis by XRPL.to.
The analysis said the attacks took place in six rounds between Sept. 15 and 20. The attacker used compromised private keys to withdraw XRP from 6,678 wallets and delete 5,001 accounts to also capture their account reserve balances. Of the stolen XRP, about 5.6 million XRP was moved into Ethereum (ETH) through THORChain (RUNE), while funds were also dispersed through exchanges including Binance and other services. D'CENT said on Sept. 16 that abnormal fund transfers had occurred in its app wallet and had urged users to move their assets immediately.
https://coinness.com/en/news/1169736
About 11.7 million XRP, worth roughly $20 million, was stolen from thousands of users’ wallets in a hacking attack targeting the D'CENT Wallet self-custody app, BeInCrypto reported, citing on-chain forensic analysis by XRPL.to.
The analysis said the attacks took place in six rounds between Sept. 15 and 20. The attacker used compromised private keys to withdraw XRP from 6,678 wallets and delete 5,001 accounts to also capture their account reserve balances. Of the stolen XRP, about 5.6 million XRP was moved into Ethereum (ETH) through THORChain (RUNE), while funds were also dispersed through exchanges including Binance and other services. D'CENT said on Sept. 16 that abnormal fund transfers had occurred in its app wallet and had urged users to move their assets immediately.
https://coinness.com/en/news/1169736
CoinNess
Hack of D'CENT Wallet app stole about $20M in XRP from thousands of wallets - CoinNess
About 11.7 million XRP, worth roughly $20 million, was stolen from thousands of users’ wallets in a hacking attack targeting the D'CENT Wallet self-custody ap...
[BTC spot CVD chart at 9:00 a.m. on Sept. 24]
The spot CVD chart is an order-book analysis chart for the BTC/USDT spot trading pair. The upper panel shows a volume heatmap, while the lower panel shows cumulative volume delta, or CVD.
- The volume heatmap in the upper panel tracks trading volume at each price level. The background color becomes brighter when the price stays in a specific range for an extended period or makes a large move. Brighter zones may act as support or resistance levels.
- The cumulative volume delta indicator in the lower panel reflects buy and sell orders by order size. As buy orders increase, the corresponding colored line moves higher. The yellow line is based on orders worth $100 to $1,000, while the brown line is based on large orders worth $1 million to $10 million, among others.
https://coinness.com/en/news/1169737
The spot CVD chart is an order-book analysis chart for the BTC/USDT spot trading pair. The upper panel shows a volume heatmap, while the lower panel shows cumulative volume delta, or CVD.
- The volume heatmap in the upper panel tracks trading volume at each price level. The background color becomes brighter when the price stays in a specific range for an extended period or makes a large move. Brighter zones may act as support or resistance levels.
- The cumulative volume delta indicator in the lower panel reflects buy and sell orders by order size. As buy orders increase, the corresponding colored line moves higher. The yellow line is based on orders worth $100 to $1,000, while the brown line is based on large orders worth $1 million to $10 million, among others.
https://coinness.com/en/news/1169737
CoinNess
BTC spot CVD chart at 9:00 a.m. on Sept. 24 - CoinNess
The spot CVD chart is an order-book analysis chart for the BTC/USDT spot trading pair. The upper panel shows a volume heatmap, while the lower panel shows cumul...
[Crypto fear and greed index slips 4 points to 74, remains in greed zone]
CoinMarketCap’s in-house crypto fear and greed index came in at 74, down four points from yesterday, indicating a slight pullback in market sentiment while remaining in the greed zone.
The index signals extreme fear as it approaches zero and extreme optimism as it nears 100. CoinMarketCap calculates the gauge based on price moves among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators including the put-to-call ratio, the stablecoin supply ratio, or SSR, and CoinMarketCap’s own search data.
https://coinness.com/en/news/1169738
CoinMarketCap’s in-house crypto fear and greed index came in at 74, down four points from yesterday, indicating a slight pullback in market sentiment while remaining in the greed zone.
The index signals extreme fear as it approaches zero and extreme optimism as it nears 100. CoinMarketCap calculates the gauge based on price moves among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators including the put-to-call ratio, the stablecoin supply ratio, or SSR, and CoinMarketCap’s own search data.
https://coinness.com/en/news/1169738
CoinNess
Crypto fear and greed index slips 4 points to 74, remains in greed zone - CoinNess
CoinMarketCap’s in-house crypto fear and greed index came in at 74, down four points from yesterday, indicating a slight pullback in market sentiment while re...
[BTC falls below $85K as U.S. 10-year Treasury yield tops 5% again]
Bitcoin fell below $85,000 as U.S. Treasury yields resumed climbing after S&P Global reported a stronger-than-expected preliminary U.S. composite purchasing managers index for September, CryptoSlate said.
The outlet said S&P Global’s preliminary September U.S. composite PMI came in at 58.4, the highest reading since July 2021. As the U.S. 10-year Treasury yield moved back above 5%, expectations grew that the Federal Reserve could keep interest rates higher for longer. In the hour after the PMI release, about $135.8 million in crypto positions were liquidated, including $125.9 million in longs, with BTC and ETH accounting for $47.4 million and $23.9 million, respectively. CryptoSlate added that the short-squeeze effect that had recently supported BTC’s gains has largely run its course, suggesting Bitcoin will need fresh spot buying to reclaim $85,000.
https://coinness.com/en/news/1169739
Bitcoin fell below $85,000 as U.S. Treasury yields resumed climbing after S&P Global reported a stronger-than-expected preliminary U.S. composite purchasing managers index for September, CryptoSlate said.
The outlet said S&P Global’s preliminary September U.S. composite PMI came in at 58.4, the highest reading since July 2021. As the U.S. 10-year Treasury yield moved back above 5%, expectations grew that the Federal Reserve could keep interest rates higher for longer. In the hour after the PMI release, about $135.8 million in crypto positions were liquidated, including $125.9 million in longs, with BTC and ETH accounting for $47.4 million and $23.9 million, respectively. CryptoSlate added that the short-squeeze effect that had recently supported BTC’s gains has largely run its course, suggesting Bitcoin will need fresh spot buying to reclaim $85,000.
https://coinness.com/en/news/1169739
CoinNess
BTC falls below $85K as U.S. 10-year Treasury yield tops 5% again - CoinNess
Bitcoin fell below $85,000 as U.S. Treasury yields resumed climbing after S&P Global reported a stronger-than-expected preliminary U.S. composite purchasing man...
[Institutional whale cashes out 80% of ETH holdings a day after adding 15,000 ETH]
A whale address believed to be tied to an institution sold 42,000 ETH, equal to about 80% of its holdings, around seven hours ago, on-chain analyst EmberCN said. The wallet had added 15,000 ETH at an average purchase price of $2,751 yesterday, worth about $41.26 million.
According to EmberCN, the whale transferred the tokens to a Galaxy Digital OTC address around seven hours ago. Such transfers are typically interpreted as intended for selling. If the deposited ETH was sold, the whale realized about $21.12 million in profit.
EmberCN said the whale had accumulated about 52,000 ETH over roughly two months at an average purchase price of $2,161. CoinMarketCap data showed ETH trading at $2,679.21, down 3%.
https://coinness.com/en/news/1169740
A whale address believed to be tied to an institution sold 42,000 ETH, equal to about 80% of its holdings, around seven hours ago, on-chain analyst EmberCN said. The wallet had added 15,000 ETH at an average purchase price of $2,751 yesterday, worth about $41.26 million.
According to EmberCN, the whale transferred the tokens to a Galaxy Digital OTC address around seven hours ago. Such transfers are typically interpreted as intended for selling. If the deposited ETH was sold, the whale realized about $21.12 million in profit.
EmberCN said the whale had accumulated about 52,000 ETH over roughly two months at an average purchase price of $2,161. CoinMarketCap data showed ETH trading at $2,679.21, down 3%.
https://coinness.com/en/news/1169740
CoinNess
Institutional whale cashes out 80% of ETH holdings a day after adding 15,000 ETH - CoinNess
A whale address believed to be tied to an institution sold 42,000 ETH, equal to about 80% of its holdings, around seven hours ago, on-chain analyst EmberCN said...
[Bankless co-founder says ZEC mirrors ETH in 2021, may benefit from BTC rotation]
David Hoffman, co-founder and host of crypto podcast platform Bankless, said on X that Zcash (ZEC) is showing a pattern this year similar to what Ethereum (ETH) saw in 2021.
Hoffman said capital rotation by Bitcoin holders into assets other than BTC is rare, but ZEC has emerged this year as a Schelling point, or a focal point where market participants collectively direct capital. Hoffman added that ZEC’s market capitalization could expand significantly even if only a very small share of BTC holders comes to view it as a play on privacy, quantum resistance, or a hedge against BTC exposure.
Hoffman also said a similar pattern is appearing in NEAR, which Hoffman described as emerging as a new Schelling point in smart contracts for 2026.
https://coinness.com/en/news/1169741
David Hoffman, co-founder and host of crypto podcast platform Bankless, said on X that Zcash (ZEC) is showing a pattern this year similar to what Ethereum (ETH) saw in 2021.
Hoffman said capital rotation by Bitcoin holders into assets other than BTC is rare, but ZEC has emerged this year as a Schelling point, or a focal point where market participants collectively direct capital. Hoffman added that ZEC’s market capitalization could expand significantly even if only a very small share of BTC holders comes to view it as a play on privacy, quantum resistance, or a hedge against BTC exposure.
Hoffman also said a similar pattern is appearing in NEAR, which Hoffman described as emerging as a new Schelling point in smart contracts for 2026.
https://coinness.com/en/news/1169741
CoinNess
Bankless co-founder says ZEC mirrors ETH in 2021, may benefit from BTC rotation - CoinNess
David Hoffman, co-founder and host of crypto podcast platform Bankless, said on X that Zcash (ZEC) is showing a pattern this year similar to what Ethereum (ETH)...
[Fortitude raises DCG credit line cap, securing $31M in borrowing capacity]
Fortitude, a ZEC mining company affiliated with Digital Currency Group, said it amended its credit facility with DCG to increase the borrowing limit to $50 million from $26 million.
The change leaves Fortitude with about $31 million in available borrowing capacity, including the remaining amount under the existing agreement, and the company plans to receive the full amount in ZEC. Fortitude said it will raise funds by selling the received ZEC in the market, first using about $7 million to pay part of an order for 9,000 ZEC mining machines, with the rest set aside for new mining site construction, data center real estate acquisitions and power infrastructure expansion.
https://coinness.com/en/news/1169742
Fortitude, a ZEC mining company affiliated with Digital Currency Group, said it amended its credit facility with DCG to increase the borrowing limit to $50 million from $26 million.
The change leaves Fortitude with about $31 million in available borrowing capacity, including the remaining amount under the existing agreement, and the company plans to receive the full amount in ZEC. Fortitude said it will raise funds by selling the received ZEC in the market, first using about $7 million to pay part of an order for 9,000 ZEC mining machines, with the rest set aside for new mining site construction, data center real estate acquisitions and power infrastructure expansion.
https://coinness.com/en/news/1169742
CoinNess
Fortitude raises DCG credit line cap, securing $31M in borrowing capacity - CoinNess
Fortitude, a ZEC mining company affiliated with Digital Currency Group, said it amended its credit facility with DCG to increase the borrowing limit to $50 mill...
[Variational confirms Q4 launch for VAR token, with 32% of supply for airdrop]
Decentralized perpetual futures exchange Variational said on its official X account it has confirmed a fourth-quarter launch for its native token, VAR.
The token’s total supply will be allocated as follows:
- 32% for a genesis airdrop
- 18% for the ecosystem reserve
- 50% for the team and investors
Variational added that 100% of the airdrop allocation will unlock on the token’s launch day, with distributions made in proportion to users’ point balances. Any airdropped tokens not claimed within the valid period will be burned automatically. The platform also said it plans to send 100% of future operating revenue to the treasury for VAR buybacks and burns.
https://coinness.com/en/news/1169743
Decentralized perpetual futures exchange Variational said on its official X account it has confirmed a fourth-quarter launch for its native token, VAR.
The token’s total supply will be allocated as follows:
- 32% for a genesis airdrop
- 18% for the ecosystem reserve
- 50% for the team and investors
Variational added that 100% of the airdrop allocation will unlock on the token’s launch day, with distributions made in proportion to users’ point balances. Any airdropped tokens not claimed within the valid period will be burned automatically. The platform also said it plans to send 100% of future operating revenue to the treasury for VAR buybacks and burns.
https://coinness.com/en/news/1169743
CoinNess
Variational confirms Q4 launch for VAR token, with 32% of supply for airdrop - CoinNess
Decentralized perpetual futures exchange Variational said on its official X account it has confirmed a fourth-quarter launch for its native token, VAR. The tok...