Alert: Bitcoin Mining Could Collapse Paraguay’s Power Grid by 2029

The Paraguayan Industrial Union (UIP) stated that if demand continues to rise due to the growth of bitcoin mining activities, Paraguay’s power grid could collapse as early as 2029. The union proposed diversifying the nation’s energy sources and reducing dependence on hydroelectricity. Bitcoin Mining Demand Might Spur Energy Collapse in Paraguay by 2029 Paraguay, a … Read more

TRON Network Surpasses $70 Billion in Circulating USDT

This content is provided by a sponsor. PRESS RELEASE. April 23, 2025 – Geneva, Switzerland – TRON DAO today announced that the total circulating supply of Tether ( USDT) on the TRON blockchain has exceeded $70 billion. This achievement reflects growing user demand for cost-efficient, high-speed blockchain-based solutions, particularly in emerging markets and cross-border transactions. … Read more

Trump fought the bond market, and the bond market won: Saifedean Ammous

Analysts are criticizing the financial implications of US President Donald Trump’s import tariffs, a development that some say highlights Bitcoin’s unique economic properties during times of global uncertainty. Trump’s 90-day pause on higher reciprocal tariffs, reverting them to a 10% baseline for most countries except China, has exposed vulnerabilities in the US bond market, according … Read more

Bitcoin exchange outflows mimic 2023 as whales buy retail ‘panic’

Key points: Bitcoin exchange 100-day average netflows are at their most negative since the start of the current bull market in 2023. Exchange balances continue to plumb new multiyear lows. Whales are particularly active buyers this month, while retail shows classic “panic selling.” Bitcoin (BTC) exchanges are evoking the end of the 2022 crypto bear … Read more

Defi Development Corporation Adds $9.9M in Solana to Treasury, Taps Binance VP as CFO

The publicly traded firm formerly known as Janover, DeFi Development Corporation (Nasdaq: JNVR), has announced the appointment of Fei “John” Han as Chief Financial Officer and Dan Kang as Head of Investor Relations, enhancing its financial leadership team as it scales its crypto-focused treasury strategy. Han, who brings over 15 years of experience from notable … Read more

Upbit and Bithumb suspend Synthetix token deposits, citing sUSD risks

South Korean exchanges Upbit and Bithumb have suspended deposits for Synthetix (SNX) tokens after it was flagged by the Digital Asset Exchange Alliance (DAXA) for potential risks. DAXA, the self-regulatory organization establishing industry standards for South Korean exchanges, designated SNX as a cautionary item.  Assets receiving this designation typically undergo rigorous evaluations to determine whether … Read more

Shaquille O’Neal reaches settlement in FTX lawsuit, terms remain secret

Shaquille O’Neal has settled with investors who claim losses from the collapse of cryptocurrency exchange FTX, according to an April 23 filing in the US District Court for the Southern District of Florida. The settlement amount remains confidential, with terms expected to be disclosed once investors formally request preliminary court approval, according to court documents. … Read more

Coinbase Provides $100 Million Credit Facility to Bitcoin Mining Company Riot Platforms

Riot Platforms, Inc. (NASDAQ: RIOT) has announced a $100 million credit facility with Coinbase Credit, Inc., a subsidiary of Coinbase Global, Inc. (NASDAQ: COIN). This multiple drawdown term loan facility will be available to Riot over a two-month period following the execution date. The company plans to utilize the proceeds for key strategic initiatives and … Read more