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…

B Strategy, a digital asset investment firm founded by former Bitmain executives, plans to launch a $1 billion crypto treasury focused on investing in BNB, the native token of the Binance ecosystem. According to a Monday announcement, the new BNB treasury is backed by YZi Labs, the family office of Binance co-founder Changpeng Zhao. The new…

Altcoins may not see a broad, outsized rally until the approval of crypto ETFs that give investors exposure further down the risk curve, according to analysts from Bitfinex. Crypto market participants have eagerly awaited an altcoin market rally, or “altseason,” as Bitcoin dominance dipped 6% over the past 30 days. Bitfinex analysts said in a markets report…

The United Arab Emirates (UAE) holds about $700 million in Bitcoin, which has been accumulated mostly from mining operations, according to the blockchain analytics platform Arkham Intelligence. Arkham said in an X post on Monday that it has become one of the first to publicly identify the UAE government’s wallets, finding that their wallet addresses hold…