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Crypto

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Crypto

Bitcoin mining company IREN almost completely stopped mining at the end of the year! AI revenue surged 182%, mining revenue plummeted 58%, and stock prices rebounded 20% in a single day

Bitcoin mining companies accelerate their transformation to AI, and IREN officially enters the final stage of bidding farewell to mining! It is expected to substantially complete the business transformation by December 31 this year and shift data center resources to AI computing. Despite strong growth in its AI business, the company still lost $263 million in a single quarter. The stock price plummeted nearly 17% after the earnings report was released, but rebounded by 20.02% on November 6. 〈Bitcoin mining company IREN almost completely stopped mining at the end of the year! AI revenue surged by 182%, mining revenue plummeted by 58%, and stock prices rebounded by 20% in a single day. This article was first published on "Block Guest".

Blockcast 鏈報
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Crypto

U.S. nonfarm payrolls surge by 165,000! The probability of the Fed raising interest rates is nearly 80%, and Bitcoin remains at 75,000

The U.S. job market is unexpectedly strong, and hopes of a rate cut by the Federal Reserve are further dashed! The U.S. Bureau of Labor Statistics announced that non-farm employment increased by 165,000 in October, much higher than market expectations of about 59,000 to 65,000, and the unemployment rate dropped to 4.1%. Strong employment data and high inflationary pressures have pushed market bets on the Fed to raise interest rates by 1% in December to nearly 80%. 〈U.S. non-farm payrolls surge by 165,000! The probability of the Fed raising interest rates is nearly 80%, and Bitcoin remains at 75,000. This article was first published on "Blocker".

Blockcast 鏈報
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Crypto

ADA Advancing Regulated Asset Tokenization as Brazil’s Petrobras Brings Sustainable Aviation Fuel Certificates to Cardano

ADA continues to gain popularity in tokenized real-world assets and institutional blockchain adoption. Petrobras’ move to bring sustainable aviation fuel certificates to Cardano demonstrates this. Brazil’s state-controlled energy company Petrobras has taken a pioneering leap towards the digital revolution by integrating Cardano blockchain technology to track environmental claims associated with sustainable aviation fuel. This is […]

ZyCrypto
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Crypto

Zcash holds near $1,300 as NU7 upgrade fuels bullish momentum

Key takeaways Zcash (ZEC) trades around $1,300 on Friday, outperforming the broader cryptocurrency market. Grayscale’s ZEC-focused ETF (ZCSH) recorded $10.99 million in net outflows on Thursday, bringing weekly withdrawals to $14.77 million. ZEC faces immediate resistance at $1,340, with a confirmed breakout potentially opening the door toward $1,698, while $1,216 and $1,112 remain key support […] The post Zcash holds near $1,300 as NU7 upgrade fuels bullish momentum appeared first on CoinJournal.

CoinJournal
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Crypto

Hyperliquid drops 4% as whales take $5 million profit

Key takeaways Hyperliquid (HYPE) fell 4% to approximately $78 on Friday, extending its pullback. Hyperliquid Strategies (PURR) has applied for futures commission merchant (FCM) registration to support regulated perpetual futures trading for US customers. Four large whale wallets reportedly realized a combined $5 million in profits after closing their HYPE positions, according to Santiment. Hyperliquid […] The post Hyperliquid drops 4% as whales take $5 million profit appeared first on CoinJournal.

CoinJournal
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