Author: Kryptonews

Tom Lee, chairman of publicly listed Ether treasury company BitMine, urged shareholders to back a proposal to dramatically increase the company’s authorized share count to 50 billion from 50 million, citing the potential need for future stock splits as Ether’s price drives the the company’s valuation.Lee said BitMine’s share price closely tracks the price of Ether (ETH), and that he modeled potential future valuations using the ETH/Bitcoin ratio. According to Lee, ETH could reach $250,000 if Bitcoin (BTC) climbs to $1 million, a scenario that would push BitMine’s share price to levels he said would be inaccessible for most retail…

Key points:Bitcoin is bearish in the short term and could plunge to $50,000 if the $74,508 level is breached.The short-term trend is likely to turn bullish above $100,000, opening the doors for a rally to $126,199.Bitcoin (BTC) began 2025 near $93,000, before plunging to $74,500 in April and then rallying to $126,199 in October. BTC has given up a large part of its gains and is on track to end the year with minor losses.Analysts are divided on BTC’s future prospects. Some believe that BTC has topped out and a bear market is likely, while others expect limited downside and…

Michaël van de Poppe, the Dutch market commentator known for his blunt technical reads, suggested today that a weary altcoin market may finally be turning a corner, and Chainlink is already showing the first signs. In a post that echoed through crypto X/Twitter, van de Poppe pointed out that many altcoins “have been correcting all the way down to their wick of the 10th of October,” and that for the first time since the summer, $LINK is clawing back above its 21-day moving average. It is a move, he said, that could set the stage for an upward run over…

Joerg Hiller Jan 02, 2026 19:03 Bitfarms has announced the sale of its Paso Pe site in Paraguay for up to $30 million, marking its complete exit from Latin America to focus on HPC/AI infrastructure in North America. Bitfarms Ltd. (NASDAQ/TSX: BITF), a prominent North American energy and digital infrastructure company, has announced its strategic decision to exit the Latin American market by selling its 70 MW Paso Pe site in Paraguay. This move is part of Bitfarms’ broader strategy to focus its efforts and resources on expanding its high-performance computing (HPC) and…

At midnight on New Year’s Eve, incoming Mayor Zohran Mamdami took his oath of office on the Qur’an, Islam’s most important religious text. He is the first Muslim to hold the position of Mayor of New York City. One of the two Qur’ans used in the ceremony came from Mr. Mamdani’s grandfather. The other was lent by the New York Public Library’s Schomburg Center for Research in Black Culture. According to the New York Times, the latter book was selected by Rahim and Rama Duwaji, Mamdani’s wife, with the help of Hiba Abid, curator of Middle Eastern and Islamic studies…

Speculation that Bitcoin whales are engaged in a massive reaccumulation phase has been significantly overstated, suggesting the digital asset market structure has not materially changed, according to onchain data from CryptoQuant.The popular narrative that large holders are aggressively buying Bitcoin (BTC) is misleading, said Julio Moreno, head of research at CryptoQuant. Much of the publicly shared “whale accumulation” data is distorted by exchange-related activity rather than genuine investor behavior.Cryptocurrency exchanges routinely consolidate funds from many smaller wallets into fewer large ones for operational and regulatory reasons. This process artificially increases the number of wallets holding very large balances, leading onchain…

The story of cryptocurrency’s rise to mainstream popularity is one of the most bizarre in history. Created by an anonymous, shadowy figure named Satoshi Nakamoto—who’s now among the richest people in the world—the technology is now a darling of finance bros, altruistic lefties, white supremacists, Balkan political dissidents, West African entrepreneurs, and Redditors convinced that Satoshi was in fact an alien.So it’s hardly surprising that 2025 began with U.S. President Donald Trump launching a meme coin just days before his inauguration. And it only got weirder from there, from college kids betting on whose sperm was the fastest to betting…

Tom Lee, chairman of ether ETH$3,120.34 treasury firm BitMine Immersion (BMNR), urged shareholders to approve a board proposal for a sharp increase in the company’s authorized share count.In a start-of-the-year message, Lee said the proposal to boost the company’s number of shares to 50 billion from 500 million is not a precursor to a move to “dilute” shareholders.“[This]t doesn’t mean we’re issuing 50 billion shares. That’s what we want the total max shares to be,” Lee said.Acknowledging that a higher share count does make it easier to enable the company to raise capital, Lee reminded that it also allows BitMine…

Tether bought 8,888 Bitcoin in Q4 2025, lifting its holdings above 96,000 BTC, according to a post by CEO Paolo Ardoino.The purchase extends a strategy Tether has tied to operating results: allocating 15% of quarterly profits to Bitcoin.If USDT liabilities keep expanding and short-term rates remain high enough to keep interest income elevated, that policy can translate stablecoin earnings into recurring spot demand for BTC.The same choice also expands mark-to-market exposure inside a reserve stack built to meet redemptions.That issue has become more central to ratings and regulatory scrutiny.How Tether’s reserve strategy turns stablecoin growth into systemic exposureThe most recent…

An attacker has drained “hundreds” of crypto wallets on Ethereum Virtual Machine (EVM) chains, siphoning small sums from each victim in what onchain investigator ZachXBT described as a broad but low-value exploit.The losses appear limited on a per-wallet basis, with each victim losing less than $2,000, according to ZachXBT. The activity has affected wallets on several EVM-compatible networks, indicating a widespread incident rather than isolated to a single blockchain. Source: ZachXBTA fraudulent email disguised as legitimate communication from Web3 wallet MetaMask could have been the vehicle for the attack, said cybersecurity researcher Vladimir S., who cited a clue left by…