Publicly listed Bitcoin miners sold over 40% of the collective coins mined in March, representing the largest monthly BTC liquidation for mining firms since October 2024 and reversing the post-halving trend of accumulating Bitcoin for a corporate treasury strategy, according to TheMinerMag, which screened data from 15 publicly traded mining companies. The increased liquidations come…

The US Securities and Exchange Commission (SEC) announced industry insiders from Kraken, Exodus, Anchorage Digital, and others would be participating in its crypto task force’s roundtable discussion on custody. In an April 16 notice, the SEC said commissioners Hester Peirce and Caroline Crenshaw, acting chair Mark Uyeda and crypto task force Chief of Staff Richard Gabbert will…

Synthetic stablecoin developer Ethena Labs is winding down its German operations less than a month after regulators identified “deficiencies” in its dollar-pegged USDe stablecoin, signaling heightened scrutiny around crypto assets in Europe’s largest economy. Ethena Labs reached an agreement with Germany’s Federal Financial Supervisory Authority, also known as BaFin, to cease all operations of its…

Major Web3 ecosystems organize gatherings around the world to ensure that market dips or macroeconomic crises do not hinder the development and the “BUIDL” philosophy of the blockchain community. Two back-to-back events in Hong Kong — the BNB Chain Super Meetup and the exclusive Most Valuable Builder (MVB) Season 9 Offsite — brought together some…

Local governments in China are reportedly seeking ways to offload seized crypto while facing challenges due to the country’s ban on crypto trading and exchanges. The lack of rules around how authorities should handle seized crypto has spawned “inconsistent and opaque approaches” that some fear could foster corruption, lawyers told Reuters for an April 16 report. Chinese…

Stablecoin issuer Tether has announced it intends to deploy its existing and future Bitcoin hashrate to Ocean’s Bitcoin mining pool in an effort to strengthen the network’s decentralization. “Deploying hashrate to OCEAN aligns with both our mining investments and our broader mission to fortify Bitcoin against centralizing forces,” Tether’s CEO Paolo Ardoino said in an April 15…