Investors who hopped into last year’s crypto boom are now turning up the pressure on digital-asset treasury (DAT) firms. In fact, both …
Loss
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Markets
U.S. House's tax committee advances crypto tax bill in wake of Clarity Act loss
by shayaanby shayaanThe Digital Asset Tax Certainty Act would ease complicated tax burdens for everyday use of cryptocurrencies, though Trump’s industry ties spurred some …
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Canaan Inc. reported second-quarter revenue of $31.9 million on Sept. 8, down from $62.7 million in the preceding quarter and $100.2 million …
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A Bitcoin forum post published on Sept. 7, 2010, has resurfaced 16 years later after an early miner described a projected $5.68 …
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Cango Inc.’s latest earnings snapshot tells a story familiar to much of the Bitcoin mining industry right now: shrinking revenue, a heavier …
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Regulation
South Korea’s Budget Office Proposes 5-Year Crypto Loss Carryforward and Higher Tax Threshold Ahead of 2025 Rollout
by shayaanby shayaanSouth Korea’s National Assembly Budget Office has recommended allowing virtual asset investors to carry forward trading losses for up to five years …
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Scams
Strategy Swings From $13 Billion Bitcoin Loss to $1.4 Billion Profit as BTC Rallies
by shayaanby shayaanIn brief Strategy is sitting on roughly $1.4 billion in unrealized gains on its Bitcoin holdings. The company holds 840,447 BTC acquired …
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Mining
Bitcoin miner Ionic gets 90% of revenue from AI lease as BTC drives $35M loss
by shayaanby shayaanIonic Digital, a Bitcoin miner repositioning its power sites for AI infrastructure, generated 90% of its second-quarter revenue from leasing. Its Q2 …
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Recent filings with the SEC show that Leopold Aschenbrenner’s Situational Awareness AI hedge fund had almost fifty percent of its US equity …
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A new U.S. survey has found that 79% of prediction-market users lost money during the past year, while 51% used borrowed funds …