Cango Reports $452M Net Loss Despite $688M Revenue in First Full Year of Bitcoin Mining – AabeyLLC Crypto
Approximately 3.7 million Bitcoin (20% of total supply) are considered lost and unrecoverable, representing a potential trillion-dollar prize for quantum computing breakthroughs. Jameson Lopp, Casa’s co-founder and CSO, strongly opposes quantum recovery of lost Bitcoin, arguing it would constitute wealth redistribution from the technologically ignorant to quantum computer owners. Allowing recovery of lost coins would…
Rich Dad Poor Dad author Robert Kiyosaki says Bitcoin (BTC) and precious metals are set to explode on the back of rampant central bank money printing. Kiyosaki tells his 2.6 million followers on the social media platform X that a “giant” market crash has arrived that will force the financial system to create more money,…
3. Polkadot’s decentralized governance approved the Join-Accumulate Machine (JAM) protocol as the network’s future architecture, according to the team: “JAM, a minimalist blockchain concept, will support secure rollup domain-specific chains and offer synchronous composability across services. To encourage development, Web3 Foundation launched the JAM Implementer’s Prize, a 10 million DOT fund (~$64.7M USD), for creating…
Stocks could be entering a powerful multi-year rally as hedge funds increase exposure and retail investors begin moving cash off the sidelines, according to Fundstrat Head of Research Tom Lee. In a new CNBC interview, Lee says investors had turned cautious during the buildup of tensions with Iran, but sentiment has since improved as downside…
In brief U.S. spot Bitcoin ETFs saw outflows of $410 million Thursday, with six of the past 10 days seeing negative flows Outflows were led by BlackRock’s IBIT, which shed $157.6 million. Capital is rotating into CME derivatives rather than exiting crypto entirely, analysts noted, while warning of “head-fake rallies” through mid-2026 until credit markets…
India’s Income Tax Department is now using artificial intelligence (AI) and data tools to catch people trying to avoid paying taxes on cryptocurrencies. In a recent update to the Parliament, the government revealed that it has collected ₹437 crore in crypto taxes by using AI. In an interview with Economic Times, Ravi Agrawal, Chairman of…