Blockstream raises $125M to finance expanded Bitcoin mining operations

Blockstream has raised $125 million to finance its Bitcoin (BTC) mining colocation services. The funding will enable Blockstream to expand mining capacity for institutional customers. Bitcoin miners’ worst days may have passed as hashrate stabilized and profit margins gradually improved toward the end of 2022. ...

Bitcoin Bull Trap Or Bull Run? This Is What Glassnode Says

The Bitcoin price is up 40% year-to-date (YTD) and has recaptured the $23,000 level. However, with ongoing concerns around DCG and Grayscale as well as macroeconomic uncertainties, many investors doubt the sustainability of the recent price rally. With higher prices, motivation among investors may be increasing to use the current price level to exit and gain liquidity. ...

Dogecoin Whale Transfers $5M In DOGE To Coinbase, Bearish Signal?

Data shows a Dogecoin whale has deposited more than $5 million in the crypto to Coinbase. Here's what it may mean for DOGE’s price. At the time of writing, DogeCoin is trading around $0.0889, up 5% in the last week. ...

ApeCoin Buckles As News Of Stolen BAYC NFT Hits The Market 

The Bored Ape Yacht Club NFT collection has been the target of an exploit this January 20th. FranklinIsbored, one of the biggest holders of BAYC NFTs, is targeted with an exploit of OpenSea’s stolen ApeCoin policy. The exploit works as the attacker uses OpenSea's “Match Advance Order” system to “Mint” and sell it to Franklin. In total, 1,278 N FTs have fallen in the hands of cyber-thieves. ...

Solana (SOL) Network On Hyperdrive As TVL And NFT Trade Volume Soars

Solana (SOL) is on hyperdrive as the network quickly gains momentum in terms of liquidity which are seen at more than 300% as of press time. SOL price is currently trading at $24.28, up 3.0% in the last seven days. Solana Mobile has announced that they would be rolling out new cards on rotation. ...

Money Leaves ADA, SOL To Small Cap Altcoins, Here’s Where It’s Headed

A recent report shows that investors may be moving money out of larger cap coins such as Cardano and Solana and moving to small cap coins. Santiment notes that the large gains recorded by the likes of Solana, Cardano, and Polkadot are now being moved into smaller altcoins. Most of these coins are top 200 and below tokens with market caps lower than $300 million. ...