In short Analysts at TD Cowen have raised their price targets for Strategy (MSTR) stock to $400 per share. The upgrade comes …
Bitcoin
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Mining
Canaan Wins Nordic Heating Bid, Turns Bitcoin Mining Waste Heat Into Residential Hot Water
by shayaanby shayaanKey Takeaways Canaan Inc. won a competitive bid to deploy 8 MW of Avalon A1566HA units to a Nordic district heating network. …
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Markets
Analyst Says Roadmap For Bitcoin To Reach $500,000 Is Complete, Here’s Why
by shayaanby shayaanBitcoin’s long-term chart has produced another interesting price projection, as crypto analyst Crypto Tice is pointing out a technical roadmap needed for …
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The strategy comes as Canaan’s newer business lines grow faster than its traditional mining hardware segment, suggesting the company is becoming less …
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Scams
Bitcoin ETFs Shed $649M in a Day as Long-Term BTC Holders ‘Limit Downside Potential’
by shayaanby shayaanIn brief Bitcoin ETFs saw $648 million in outflows Monday, led by BlackRock’s IBIT with $448 million. Long-term Bitcoin holders have accumulated …
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Mining
Soluna revenue jumps 58% as hosting business offsets weaker Bitcoin mining
by shayaanby shayaanDigital infrastructure company Soluna Holdings reported strong first-quarter revenue growth as expanding data center operations helped offset weaker returns from cryptocurrency mining. …
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Finance
Bitcoin Depot (BTM) Stock Falls 80% As Company Files for Chapter 11 Bankruptcy
by shayaanby shayaanBitcoin Depot (NASDAQ: BTM), once the largest Bitcoin ATM operator in North America, filed for voluntary Chapter 11 bankruptcy protection on Monday …
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Markets
Bitcoin has shed $5,000 within days. ETF flows, and derivatives say this selloff could worsen
by shayaanby shayaanBitcoin has fallen about 6% from $82,000 to $76,800, but underlying data point to more than routine pullback. www.coindesk.com
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In brief Quantum computing advances are shortening the timeline for real attacks on crypto, with recent targets revised to 2030-2032. Bitcoin is …
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Bitcoin price started a fresh decline below the $77,500 zone. BTC is consolidating and might struggle to stay above the $76,000 support. …