Russian miners packed 95 crypto rigs into a KamAZ truck. The scam is now busted, but the case reveals how mobile farms exploit weak energy enforcement in remote areas. A mobile cryptocurrency mining operation involves installing mining equipment, such as application-specific integrated circuits (ASICs) or graphics processing units (GPUs), in portable units like trucks, vans or shipping containers. Mining equipment can be easily relocated to take advantage of inexpensive or unregulated electricity sources, often in remote or industrial areas. Unlike fixed mining farms, mobile setups avoid detection by frequently moving, bypassing electricity meters or directly accessing power lines. While these operations make it easier for illegal miners to participate, they create significant risks to energy infrastructure. Read more
Crypto analysts and several metrics suggest that an "altcoin season" will begin once Ether’s price breaks new all-time highs. Key takeaways: Ether’s technical breakouts suggest ETH price may hit $10,000 this cycle. Altcoin Season Index says it’s prime time to accumulate “lagging” altcoins. Read more
Countries that ban crypto payments often have no restrictions on using crypto abroad, but such legal overlaps may attract scrutiny from global regulators like the FATF. The popularity of stablecoins for cryptocurrency payments has increased in recent years, with many global companies embracing new payment methods. Despite the trend, crypto payments remain prohibited for retail users in multiple countries, including China, Indonesia, Russia, Turkey and others. Still, while domestic crypto payments may be banned in these jurisdictions, using cryptocurrency to pay for services abroad may be legally permissible, according to some legal experts and observers of crypto regulation. Read more
Bitcoin lending is making a quiet comeback with tighter controls, but volatility still threatens sudden liquidations. Bitcoin lenders are betting that tighter controls and clearer risk management can rebuild trust in a sector still haunted by the collapse of predecessors Celsius and BlockFi. Major Bitcoin lenders of the previous cycle imploded after turning user deposits into undercollateralized loans. When Bitcoin (BTC) prices fell and liquidity dried up, billions in customer funds were frozen or gone. But those implosions don’t prove that crypto-backed loans are doomed by design. The failures were largely the result of poor risk management rather than the model itself. Some platforms are now taking the right steps, such as overcollateralization, while enforcing stricter liquidation thresholds, according to Alice Liu, head of research at CoinMarketCap. Read more
Across Protocol founders are accused of manipulating DAO governance to funnel $23 million in tokens to their affiliated for-profit company, Risk Labs. The founders of the crosschain bridge Across Protocol have been accused of siphoning $23 million of funds to their own for-profit company. In a Friday X thread, Ogle — the pseudonymous founder of layer-1 project Glue and onchain sleuth — accused some founders of Across Protocol of covertly manipulating decentralized autonomous organization (DAO) votes to fund their for-profit company, Risk Labs. Ogle accused the project of being among the “DAOs that are DAOs in name only.” Hart Lambur, who founded both Risk Labs and Across, denied the claims in a separate post. He said that Risk Labs is a Cayman Islands-based nonprofit with no shareholders. He shared a certificate of incorporation and claimed that the company operates under fiduciary obligations. Read more
A crypto trader turned $6,800 into $1.5 million with a one-sided quoting strategy, dominating over 3% of maker volume on a major exchange in just two weeks. A little-known crypto trader has turned $6,800 into $1.5 million in profit while accounting for over 3% of maker-side liquidity on a major crypto exchange. Market observer Adverse Selectee highlighted a small trading account holding less than $200,000 in equity on Thursday. Over the past two weeks, the account recorded a trading volume of $1.4 billion and has consistently ranked among the top contributors to the exchange’s total maker volume. The performance dashboard shows that the trader appears to quote only one side of the order book at a time — either bids or asks — rather than balancing both. Read more
Bitcoin Treasury Corporation completed a $92 million raise and bought 292.8 BTC ahead of its trading resumption on the TSX Venture Exchange. Canadian Bitcoin lending company Bitcoin Treasury Corporation (BTCT) will officially resume trading on the Toronto Stock Exchange (TSX) Venture Exchange, TSX’s public venture capital marketplace for emerging companies. The company announced on Thursday that its common shares would be freely traded on the exchange from Monday under the ticker “BTCT,” with over 10 million shares issued and outstanding. The company had already sold more than 10 million BTCT shares. The trading resumption follows a brokered offering that raised 125 million Canadian dollars ($92 million) in gross proceeds. Read more