Author: CryptoExpert
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Canaan Posts $88.7M Net Loss in Q1 2026 as Bitcoin Prices Weigh on Mining Revenue
[ad_1] Bitcoin miner Canaan reported a net loss of $88.7 million for the first quarter of 2026, as falling Bitcoin (BTC) prices squeezed margins and triggered a significant inventory write-down. The company posted total revenue of $62.7 million for the quarter ending March 31, a sharp decline from the $196.3 million it recorded in the…
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SOL Negative Funding Rate Highlights Falling SOL Demand
[ad_1] Key takeaways: Solana perpetual futures funding rates flipped negative, signaling excess demand for bearish positions. Rival networks like Base and Hyperliquid pose direct threats to Solana by aggressively capturing DEX market volume. Solana’s native token SOL (SOL) faced a 15% correction following a rejection at $98 on May 11. A retest of the $83…
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Nearly 10% of Bitcoin Supply is ‘Structurally Unsafe’ from Quantum Computing: Glassnode
[ad_1] Nearly 10% of the total Bitcoin supply is considered “structurally unsafe” due to a quantum computing breakthrough, as their output type reveals the public key by design, regardless of address management practices, according to data analytics platform Glassnode. Totaling about 1.92 million Bitcoin (BTC), the group includes BTC from early Satoshi-era Pay-to-Public-Key (P2PK) outputs,…
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20% Tax Rate and Institutional ETF Gateway
[ad_1] Author Ahmed Barakat Author Ahmed Barakat Part of the Team Since Aug 2025 About Author Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation. Share Fact Checked by CryptoNews Editorial Team Author CryptoNews Editorial Team Part of the…
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Bankr Disables Transactions After Hacker Accessed 14 Crypto Wallets
[ad_1] AI-powered crypto trading assistant Bankr said it disabled transactions after identifying an attacker who gained access to at least 14 wallets, with users reporting that as much as $150,000 in crypto was drained from some. In an X post on Tuesday, Bankr said it was investigating reports that several wallets had been compromised and…
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Bitcoin stays around $77K after 200-day moving average rejection
[ad_1] Key takeaways BTC remains around the $77k level after rejecting the 200-day moving average. The bearish performance comes as rising inflation and Treasury yields weigh on risk sentiment. Bitcoin slipped below $77,000 earlier on Wednesday after failing to break above the 200-day moving average near $82,000, as rising inflation and tighter macroeconomic conditions weighed…
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AWS nabs white hot gen AI media creation startup fal, becoming its preferred cloud provider
[ad_1] Generative AI’s rapid transition from text-based chatbots to high-fidelity media—spanning images, video, spatial 3D, and audio—has exposed a glaring bottleneck in the modern tech stack: infrastructure. Rendering pixels in real-time requires a staggering amount of compute, and developers are increasingly struggling to manage fragmented GPU clusters just to keep their applications online. Enter fal,…
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DOJ Says $10M Crypto Scheme Continued After Guilty Plea, Adding Victims
[ad_1] Key Takeaways Prosecutors said additional cryptocurrency investors lost money after Giri’s guilty plea was entered. Authorities linked the fraud scheme to more than $10 million in investor funds. Investigators said newer deposits were used to repay earlier participants in the operation. Ohio Crypto Fraud Scheme Leads to 9-Year Sentence A cryptocurrency investment fraud scheme…
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Senator Warren Questions OCC Head on Approval of ‘Ineligible’ Crypto Trust Charters
[ad_1] Massachusetts Senator Elizabeth Warren accused the US Comptroller of the Currency (OCC) Jonathan Gould of violating banking laws by approving national trust charters for cryptocurrency companies. In a Monday letter to Gould, Warren said the OCC head had “approved at least nine national trust charters for crypto companies that intend to engage in activities…
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Will the CEX outflows allow PI to recover above $0.1500?
[ad_1] Key takeaways PI is up by nearly 2% as bulls attempt to push the price above $0.1500. The ongoing token unlock could still put further pressure on the coin. Bulls look to push PI above $0.1500 Pi Network (PI) has been one of the worst performers among the leading cryptocurrencies in recent days. The…