Bitcoin mining company Hut 8 is building four new Bitcoin mining sites in Texas, Louisiana and Illinois, adding 1.5 gigawatts of capacity as US miners tighten their grip on the global hashrate. According to a Tuesday announcement, the expansion is aimed at broadening the company’s geographic footprint and target markets where “energy demand [is] rising most…

Numerai, an AI-driven hedge fund backed by Paul Tudor Jones, has secured a commitment of up to $500 million from JPMorgan Asset Management — a vast sum that could more than double its assets under management and highlight a growing institutional interest in crypto-friendly money managers. Numerai confirmed Tuesday that the allocation will be deployed over the…

Users of the Binance cryptocurrency exchange deposited $1.65 billion in stablecoins, a large inflow often seen as a precursor to renewed demand for spot cryptocurrencies following the recent market sell-off. The deposit coincided with nearly $1 billion in Ether withdrawals from Binance, according to onchain analytics provider CryptoQuant. It also marked the second time this…