Andrew Hayward

The Ethereum Foundation said Friday that it finalized a deal to sell 10,000 ETH to the largest Ethereum treasury firm, BitMine Immersion Technologies, marking its second treasury sale of the cryptocurrency to the publicly traded firm. The over-the-counter sale agreement was finalized at an average price of $2,387 per ETH, putting the total value of the sale at $23.87 million. Ethereum was recently trading at $2,313, down about 1% on the day and 5% over the last week. BitMine's stock (BMNR) is u...

Ronin, the gaming-focused blockchain that powers games like Axie Infinity and Pixels, will migrate to become a true Ethereum layer-2 scaling network on May 12, marking a fundamental shift after four years operating as an Ethereum sidechain. The migration will trigger at block 55,577,490, transitioning Ronin to the OP Stack, Ethereum layer-2 infrastructure that powers millions of transactions daily across other scaling networks. Users should prepare for approximately 10 hours of mainnet downtime...

Dogecoin Cash Inc. announced Thursday it is developing Dogecoin Gold, a planned token that would link digital assets to physical gold reserves while borrowing the name of the most valuable and longest-running meme coin on the market. The framework proposes tokens representing precisely defined units of gold held by an independent, institutional-grade precious metals custodian. Under the proposed system, tokens would be created only when gold enters custody and removed from circulation upon verif...

Bitcoin continued to rise early Tuesday, topping a price of $75,000 and hitting its highest level since early February as bears betting against BTC and other leading cryptocurrencies saw rising short liquidations. The leading crypto asset was recently trading at $75,834, per data from CoinGecko, rising above the $75,000 mark for the first time since March 16. At that recent price, Bitcoin is at its highest level since the first days of February. Bitcoin is up 5.5% over the last day, putting up...

Major crypto-related stocks fell sharply Friday, with some hitting their lowest prices in at least a month as markets reacted to continued uncertainty around the Iran war, and Bitcoin fell to its lowest price since March 2. Bitcoin was recently trading at $65,804, down more than 4% on the day. It fell as low as $65,720 earlier Friday, which is the lowest price registered since March 2, the first business day after the United States and Israel began bombing Iran, as markets reacted to the surpri...

The Solana Foundation on Tuesday unveiled a new developer platform aimed at making it easier for banks, payments companies, and other financial institutions to build products on its blockchain network, announcing partnerships with three major financial firms at launch. The Solana Developer Platform, or SDP, bundles together infrastructure from more than 20 technology partners into a single, API-driven interface designed to lower the technical barriers enterprises typically face when building on...

Major League Baseball announced Thursday that it has named Polymarket as its exclusive official partner for prediction markets, following the lead of leagues like the National Hockey League and Major League Soccer that have also signed deals with prediction market platforms. On top of that, MLB Commissioner Robert Manfred signed a memorandum of understanding (MOU) with the Commodity Futures Trading Commission (CFTC), a move that builds on MLB's 2024 letter to the agency calling for stronger int...

The U.S. Securities and Exchange Commission issued broad guidance towards the crypto industry on Tuesday, with SEC Chair Paul Atkins declaring that "most crypto assets" would not be considered securities. The guidance provides distinctions between which types of assets do not meet the definition of securities and what would make an asset meet that definition as an investment contract. It also notes that protocol mining (as on Bitcoin) and staking, along with crypto airdrops—or tokens sent to a...

PayPal has announced the expansion of its dollar-backed stablecoin, PayPal USD (PYUSD), to 70 markets worldwide. This payments giant said the move aims to provide users with faster, lower-cost alternatives to traditional cross-border payment methods. Users in newly supported markets can buy, hold, send, and receive PYUSD directly through their PayPal accounts. Additional features include the ability to earn rewards on holdings, instantly transfer funds to friends and family or third-party digit...

The Ethereum Foundation has made another ETH sale directly to a publicly traded treasury company, announcing Saturday that it sold some of its own treasury to Tom Lee's BitMine Immersion Technologies. According to an X post, the Foundation sold 5,000 ETH to BitMine at an average price of $2,042.96 per coin, or just over $10.2 million worth of the second-largest cryptocurrency. "This sale funds the [Ethereum Foundation's] core operations & activities, including protocol R&D, ecosystem developmen...

The U.S. Treasury Department on Thursday sanctioned six individuals and two entities linked to a North Korean government scheme, which it alleged used fraudulent IT workers to infiltrate American companies and funnel hundreds of millions of dollars to Pyongyang's weapons programs. The scheme generated nearly $800 million in 2024 alone, according to the Treasury's Office of Foreign Assets Control (OFAC), which announced the action as part of a broader crackdown on North Korea's overseas revenue...

Mastercard said Wednesday that it has launched the Crypto Partner Program, a global initiative uniting over 85 crypto-native companies, payment providers, and financial institutions. The program reflects a growing recognition that digital assets are moving beyond speculation and into practical applications, it said—such as cross-border remittances, business-to-business transfers, and settlement—often integrated quietly into existing financial infrastructure. The payments giant has tapped many o...

Privacy coin Zcash is one of the biggest crypto gainers over the past day, rising 7% and outpacing Bitcoin’s own rebound as a key team of core developers just raised a Series A round of funding for their fresh venture. Zcash Open Development Lab (ZODL) said Monday that it has raised over $25 million in funding from a prominent group of investors including Paradigm, Andreessen Horowitz, Winklevoss Capital, Coinbase Ventures, Zcash treasury firm Cypherpunk Technologies, and notable angel investor...

BitMine Immersion Technologies, the top Ethereum treasury firm by total holdings, announced Monday that it added nearly 61,000 more ETH over the last week—right as the asset reclaimed a price of $2,000 per coin after sitting below that mark for the entire weekend. The publicly traded firm now holds 4,534,563 ETH after adding 60,976 ETH—about $123 million worth—over the last week. At a current price of $2,015 per coin, that puts BitMine's Ethereum treasury at a value of approximately $9.14 billi...

American Bitcoin, the publicly traded Bitcoin mining firm co-founded by President Donald Trump’s sons Eric Trump and Donald Trump Jr., said Tuesday that it will boost its mining capacity by an estimated 12% via the purchase of more than 11,000 new rigs. The company announced the purchase of 11,298 Bitcoin miners, adding approximately 3.05 exahash per second (EH/s) of mining capacity at an efficiency of 13.5 joules per terahash (J/TH). With this acquisition, the company's total fleet will grow to...

Anthropic's popular Claude AI chatbot platform dealt with an extended outage early Monday, with the company saying around 11 a.m. ET that service has been fully restored following more than four hours of technical issues. Users began reporting widespread problems connecting to Claude shortly after 6 a.m. ET, per Down Detector, with Claude's status page showing an acknowledgement of issues soon after. According to an update at 9:49 a.m. ET, Anthropic wrote, "The issue has been identified and a fi...

I’ve mined billions of dollars of entirely fake BTC over the last couple weeks in Bitcoin Empire, an iOS and Android game that lets you earn real Bitcoin rewards for building out a simulated mining business from your virtual bedroom. Of course, the amount of actual Bitcoin that I’ve earned for hours upon hours of tapping the screen and watching interminable video ads is far less than what my character racked up in the game. It’s a pittance, really. But is it still worth your time? Bitcoin Empire...

The price of Bitcoin rapidly fell overnight as the United States and Israel began joint "major combat operations" in Iran, bombing numerous military targets in what officials said were attempts to end the country's nuclear and ballistic missile programs, as well as take out key military leaders. But while Bitcoin plunged from a price of $65,572 to $63,176 in about an hour overnight following word of the strikes, the leading cryptocurrency has mostly recovered that ground in the hours since. It's...

OpenAI has announced $110 billion in new investment at a $730 billion pre-money valuation, securing $30 billion each from Nvidia and SoftBank, with Amazon adding $50 billion to the pot. The ChatGPT maker has also revealed broader strategic alliances with Amazon and Nvidia. ChatGPT now has over 900 million weekly active users and 50 million consumer subscribers, OpenAI said in a Friday blog post. The firm added that its Codex AI coding tool has seen its weekly user base more than triple to 1.6 mi...

Traders betting against the prices of major cryptocurrencies are feeling the pain Wednesday as Bitcoin, Ethereum, and other top assets are well in the green, leading to hundreds of millions of dollars' worth of short position liquidations. Bitcoin (BTC) has rebounded to nearly $69,000 for the first time in more than a week, recently trading for $69,869 after falling below the $63,000 mark on Tuesday. While up more than 7% on the day, the price of the leading cryptocurrency remains down more than...