Author: 行政

Hut 8 reported over $7 billion of cash, restricted cash, and cash equivalents at June 30, but its Aug. 4 quarterly filing shows that only $233.6 million was unrestricted and available for general corporate use. The other $6.8 billion, or 96.7% of the total, was restricted.That distinction makes Hut 8’s headline balance a misleading measure of the company’s flexible liquidity if its large AI data-center projects run late or over budget.Hut 8 held $7.02 billion in cash at June 30, but 96.7% was restricted to project financing and related obligations.The restricted balance principally consists of proceeds from notes issued for…

Bitcoin miner Cipher Digital sold 1,619 Bitcoin for $123.4 million and booked $47.7 million in realized losses. Its filing shows $66.7 million in interest expense against $24.8 million in mining revenue, roughly 2.7-to-1.Cipher ended June with 646 Bitcoin worth $37.8 million, and quarterly mining revenue fell from $43.6 million a year earlier, with the second quarter carrying $23.5 million of the realized loss. Related ReadingBitcoin miners start funding pivot to AI with debt while selling BTC to stay liquidCoinShares’ latest mining report suggests the biggest shift is that stressed miners are selling coins, stronger operators are pivoting into AI, and…

Bitcoin mining machine manufacturer Canaan has opened a new funding channel for share buybacks, allowing management to sell part of its roughly $130 million digital asset treasury.That lever could support per-share value, but pulling it would shrink the reserve available to a loss-making Bitcoin mining and hardware business.The Aug. 4 SEC-filed announcement lets management use crypto proceeds under an existing buyback program. Execution remains undisclosed on both sides of the trade, from any treasury sale to any subsequent repurchase.The program began on Dec. 12, 2025, with a 12-month ceiling of $30 million for ADS or Class A ordinary share repurchases.…

SpaceX beat Wall Street’s revenue and earnings expectations in its first quarterly report since its record IPO, giving the company a stronger financial base for its accelerating artificial intelligence expansion.In an Aug. 4 X post, the firm revealed that its second-quarter revenue rose 92% year over year to $7.814 billion, exceeding the roughly $6.8 billion analysts expected. Adjusted EBITDA climbed 191% to $3.538 billion, well above consensus estimates of about $2 billion.The company’s net loss narrowed to $541 million from $1.008 billion a year earlier, while its operating loss improved to $143 million from $970 million. Related ReadingSpaceX IPO filing…

Senate Majority Leader John Thune said on 3 August that he expects a vote on market structure legislation, though H.R. 3633 has recorded no action since 1 June, when it was placed on the Senate calendar as Calendar No. 423. Republicans released a merged Senate text on 22 July barring covered officials, employees and their spouses from issuing or sponsoring a digital asset for consideration, with the ban expiring on 20 January 2029. Seven Senate Democrats said the text falls short on ethics, consumer protection, illicit finance, conflicts of interest and market integrity, leaving Republicans to find about seven Democratic…

A Bitcoin breakout attempt briefly pushed price above $65,000 on Aug. 5, but failed to sustain the move, even as Fed funds futures put the odds of a September rate hike at 57.4% as of Aug. 5, down from 80.5% a week earlier.Brent crude fell more than 5% on Aug. 4, settling near $79 on hopes of a Hormuz de-escalation deal.Lower hike odds and cheaper oil usually ease two of the macro pressures that have capped crypto all year. Bitcoin has held inside the same $62,000 to $68,000 range for weeks, and Friday’s July jobs report is the market’s next…

Proof of Play said on 4 August it is winding down, three years after raising US$33 million in a seed round co-led by a16z and Greenoaks. The studio published the Pirate Nation Unity client on GitHub on 17 June and the game’s artwork on 31 July under a CC0 licence, both weeks before the announcement. PIRATE traded at US$0.0012 on Thursday, 99.74% below its July 2024 high, with the independent Pirate Nation Foundation continuing to support it. Blockchain gaming studio Proof of Play said on 4 August it is winding down, three years after raising US$33 million (AU$46.86 million) from…

A CryptoSlate-built tracker has identified at least 109 crypto project shutdowns, wind-downs, or inactivity in 2026 as of Aug. 5. DeFi accounted for 28 of them, more than any other sector.The count captures a harsh cull across crypto. At the same time, banks and payment networks are processing real volume on some controlled blockchain systems while extending or testing others. Together, the trends suggest a divergence in what is scaling.Is crypto dead trackerThe evidence offers no capital-flow link between the project closures and institutional buildout, and project counts cannot be compared directly with payment volumes or infrastructure announcements. The tracker simply…

Mastercard and Borderless are testing Crypto Credential to improve trust and streamline compliance in cross-border stablecoin payments. The pilot introduces shared assurance signals, with three payment operators participating under a single-audit compliance model. The initiative builds on Mastercard’s broader stablecoin strategy following its BVNK acquisition and expansion of blockchain payment services. Mastercard is partnering with Borderless on a pilot designed to evaluate whether its Crypto Credential framework can improve trust and confidence in cross-border stablecoin payment flows. The trial will explore how standardised assurance signals can be integrated into approval, compliance and risk processes, while also identifying governance mechanisms that…

Large holders have continued accumulating Bitcoin, Ether and XRP despite weak prices, signalling confidence in the current market cycle. Bitcoin and Ethereum whales have steadily expanded their holdings, while XRP buying has remained measured through passive accumulation. Valuation metrics suggest the market may be approaching the end of its decline, although another price drop cannot yet be ruled out. Whales are continuing to accumulate Bitcoin, Ether and XRP while broader market sentiment remains subdued, according to new onchain analysis that points to conditions typically seen during the closing stages of a bear market. Even so, analysts caution that another downward…