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Bitcoin miner Hut 8 grows hashrate 79% despite $134M quarterly loss


Cryptocurrency mining firm Hut 8 increased its hashrate by 79% during the first quarter of the year.According to Hut8’s latest quarterly report released on May 8, the firm saw a net loss of $134.3 million despite revenue of $21.8 million. The firm’s CEO, Asher Genoot, explained that...

Coinbase to acquire options trading platform Deribit for $2.9B


Coinbase, the largest cryptocurrency exchange in the US by trading volume, has agreed to acquire Deribit, one of the world’s biggest crypto derivatives trading platforms.Coinbase Global will acquire Deribit for about $2.9 billion, the exchange announced on May 8.The acquisition will allow...

XRP Price Analysis: Moving Averages Align in Bullish Formation


XRP opened May 1, 2025, trading within a tight intraday range of $2.15 to $2.24, maintaining a current price of $2.22. With a total market capitalization of $130 billion and daily trading volume of $2.94 billion, XRP remains in a key consolidation phase with signals suggesting cautious optimism...

21Shares files for US spot Sui ETF after European launch


Major European cryptocurrency investment firm 21Shares has filed for a spot Sui exchange-traded fund (ETF) in the United States, marking another step in its expansion to the US market.21Shares on April 30 submitted the Form S-1 registration for a spot Sui (SUI) ETF to the US Securities and Exchange...

Ethereum price has several reasons to break $2,000 next


Key takeaways:Strong Ethereum ETF inflows signal high institutional demand.Ethereum’s $51.8B TVL and 30% DEX weekly volume rise show robust network strength.A bull flag pattern on the ETH’s four-hour chart targets $2,100.Ether’s (ETH) price rose to a new range high at $1,860...

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