Tag: American Bitcoin

Bitcoin held near $76,000 as a Nasdaq correction and AI stock selloff triggered over $1 billion in leveraged crypto liquidations and a steep single-day market decline.

Core Scientific plans to completely end its bitcoin mining operations by the end of the year to transition into an exclusive high-density colocation provider, focusing on artificial intelligence and high-performance computing partnerships.

American Bitcoin Corp. reported a $126 million net income for the third quarter, driven by a $197.3 million appreciation in its cryptocurrency reserves despite rising electricity and production costs.

A federal judge denied an emergency request to halt stock perpetual futures from trading on exchanges like Coinbase and Kalshi, concluding that the CFTC likely overstepped its statutory authority by approving the products.

Rep. Bill Huizenga lost his reelection race to Democrat Sean McCann in Michigan's 4th Congressional District, despite receiving $1 million in backing from the cryptocurrency super PAC Fairshake.