Tag: Concordium

MARA has put a sizeable number on the changing economics of Bitcoin mining. In its third-quarter shareholder letter, the company said it sold 13,597 BTC after September 30 for approximately $1.1 billion, at an average selling price of about $81,039. It used $750 million of the proceeds to repay Bitcoin-collateralized loans, releasing 17,477 BTC that…

A fresh inflation reading tests Waller’s rate-hike warning as MARA discloses a $1.1 billion Bitcoin sale and USDC approaches an EU oversight milestone. Crypto news today is being shaped by three different pressures on digital money: a Federal Reserve official keeping a half-point rate increase on the table, a major miner selling Bitcoin to repay…

The decline intensified selling pressure across the cryptocurrency market, with Ethereum, XRP, and Solana also posting substantial losses as Bitcoin extended its slide. The October Consumer Price Index (CPI) increased 0.4% month over month, exceeding the 0.3% forecast, while core inflation rose 0.3% against expectations of 0.2%. The latest figures reinforced concerns about persistent inflation…

The latest numbers from US spot Ether exchange-traded funds are another reminder that crypto’s institutional wrappers do not always move in sync with the networks beneath them. Farside Investors reports $184.6 million of net withdrawals on Monday, November 9. BlackRock’s ETHA accounted for $119.3 million, making it the largest identifiable contributor to the day’s negative…

US-listed spot Bitcoin funds recorded another difficult session on Monday, November 9. The updated Farside Investors flow table shows $201.0 million in net outflows across the group, extending a three-session losing streak. The important detail is that the negative total was not evenly spread across issuers: BlackRock’s IBIT recorded $213.2 million leaving, while Morgan Stanley’s…