Glassnode: Bitcoin remained in bearish territory
The leading cryptocurrency's quotes remain 15% below the true market mean price, which stands at $77,200. According to Glassnode analysts, on-chain metrics point to the continuation of a bearish trend.
"Bitcoin Rodney" pleaded guilty to running a $1.8 billion crypto Ponzi scheme
Miami crypto promoter Rodney Burton, known as "Bitcoin Rodney," pleaded guilty in federal court to participating in the $1.8 billion HyperFund fraud scheme. The platform operated from 2020 to 2022 and defrauded investors around the world. As the US Attorney's Office for the District of Maryland reported, the 56-year-old Burton, under a plea agreement, confirmed that…
Bitwise: the next crypto market bull cycle will be slower and less volatile
The Chief Investment Officer (CIO) of Bitwise, Matt Hougan, believes the next growth cycle of the cryptocurrency market will differ from previous ones. In his view, the recovery will be slower and less volatile due to a shift in investor priorities. He said this in a comment to CoinDesk. According to Hougan, institutional market participants and…
HIVE secures $220 million contract for AI infrastructure in Canada
HIVE Digital Technologies has signed a three-year, $220 million contract to deploy GPU infrastructure for sovereign AI in Canada. The company's BUZZ High Performance Computing division will install 2,304 Nvidia Grace Blackwell accelerators at a site in Merritt, British Columbia. The capacity will be used for Cohere's enterprise AI models…
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