Author: WebDesk

JPMorgan upgraded Cipher and CleanSpark, and cut targets for MARA, RIOT due to the increased risk of shareholder dilution. Summary JPMorgan cut targets for MARA and RIOT due to dilution of shares. Mining firms have up to 33% more shares than accounted for. Cipher and CleanSpark are in a strong position on disciplined issuance. Bitcoin miners are increasingly diversifying their operations from hashrate to high-performance computing. This targeting of AI compute demand did not go unnoticed on Wall Street. In a report published on Monday, November 24, JPMorgan noted this pivot to AI, but also highlighted risks for several firms…

Key Highlights Sui token has soared above 10%, reaching $1.54 with a market capitalization of $5.68 billion. This surge follows the blockchain network’s securing of top stablecoin supply changes, which resulted in an inflow of $2.4 billion in stablecoins. The cryptocurrency market has experienced an upward trend following Trump’s announcement of his plan to visit China next year. On November 24, SUI tokens witnessed an impressive surge of over 10%, climbing to $1.54 with a market capitalization of $5.68 billion. In the last 24 hours, the SUI token has soared by around 11.19%, according to CoinMarketCap. This jump has also…

All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders. Crypto funds saw heavy weekly outflows while late-week inflows hinted at fragile support. Bitcoin faced severe pressure, yet Friday brought a sizable recovery with investors testing lower levels. Crypto funds recorded $1.94 billion in outflows last week, stretching the selloff streak to a whole month. The ongoing retreat has now totaled $4.92 billion over four weeks, placing it as the third-largest withdrawal run since early 2018, according to CoinShares Research. The withdrawals represent about 2.9% of total assets under management and mark a substantial shift in market…

TD Cowen analysts say Strategy’s stock could face continued pressure due to an impending MSCI review.  The firm expects that PBTCs like Strategy will be removed from all MSCI indexes this February. A formal decision is expected around mid-January. Cowen called the potential removal “capricious” but emphasized that investors should prepare for sustained selling pressure. The analysts note that Strategy is not a fund, trust, or holding company. Instead, it is a public operating company. Its $500 million software business generates all of its revenue.  Meanwhile, its Bitcoin treasury operations are innovative and active, offering unique Bitcoin-backed securities. “Removing Strategy…

As cloud mining grows more sophisticated, 2026 is shaping up as the year when a few standout platforms may evolve into the tech giants of crypto infrastructure. With advances in AI, capital investment, regulatory clarity, and scaling renewable energy infrastructure, some cloud mining providers are well-positioned to dominate. This article explores which platforms could rise to that level—and how MagiCrypto is competing in that race.Key Trends That Will Fuel the Rise of Mining GiantsBefore naming potential giants, it’s worth understanding what qualities will define them in 2026:AI-driven optimization: Platforms that use machine learning to optimize hashpower, power consumption, and switching…

A Hong Kong man has been sentenced to seven years in a Canadian prison for participating in a violent home invasion that left a British Columbia family tortured and robbed of $1.6 million in Bitcoin. Tsz Wing Boaz Chan, 35, flew from Hong Kong to Vancouver in early 2024 to take part in the meticulously planned attack, which authorities say involved extreme violence, sexual assault, and psychological torture over a 13.5-hour ordeal. On the evening of April 27, 2024, four men, two dressed in Canada Post uniforms, gained entry to the Port Moody home of the targeted family. The attackers…

Ethereum (ETH) price has signaled a market reversal in the coming weeks. The large-cap altcoin, with a fully diluted valuation of about $352 billion, surged over 5% on Monday, November 24, 2025, to trade at about $2,922 during the mid North American trading session. Ethereum Price Eyes New ATH SoonAfter a heavy bloodbath last week, the Ethereum price opened the last week of November in bullish sentiment. In the weekly timeframe, the ETH price retested and rebounded from a crucial support level around $2,850, which has been established over the years.As such, the ETH/USD pair is well positioned to rally towards…

The viral claims suggesting that XRP has no connection to payments are quickly falling apart under a basic review of official documentation. As misinformation spreads across social platforms, the publicly available documentation continues to reinforce the asset’s real, payment-centric utility, contradicting the narrative gaining traction online. How Documentation Debunks The XRP Role Speculation In an X post, a researcher known as SMQKE has revealed that the narrative claim that XRP is just a cryptocurrency with no connection to traditional finance payments is sharply contradicted by the documentation that defines the asset. A surface-level review has already shown just how inaccurate…

I just returned from seven weeks in India and Thailand with the family.It was a little break after a long cycle in crypto.And honestly, the timing was perfect because the market was not great during these weeks.A funny note here.We actually started AirdropAlert while digital nomadding in Thailand.So our X profile still shows Thailand now that Elon decided to doxx everyone’s location.Airdrop Alert ThailandGreat memories and it felt good to be back there farming some airdrops like the early days.But crypto never sleeps.So we are back at the office and ready to give you the most important updates, including the…

Rising regulated crypto demand accelerates as Grayscale launches new XRP and dogecoin ETFs on NYSE Arca, expanding mainstream access and signaling strengthening momentum for digital assets. Grayscale’s XRP and DOGE ETFs Launch on NYSE Arca as Regulated Crypto Demand Rises After much anticipation and strong investor demand, surging interest in regulated crypto exposure continues to […] Credit: Source link