Large Bitcoin mining companies are looking to expand into AI services for new sources of revenue amid the post-Bitcoin halving pressure. Nasdaq-listed Bitcoin mining company CleanSpark's shares soared over 13% on Monday, after the company announced a strategic expansion into artificial intelligence. CleanSpark, the fifth-largest Bitcoin (BTC) mining company by market capitalization, announced a new strategy to expand into AI data center infrastructure, aiming to diversify its revenue streams and strengthen long-term cash flow potential. To lead the initiative, the company appointed Jeffrey Thomas as senior vice president of AI data centers, CleanSpark announced on Monday. Read more
As the government shutdown drags on, the US Senate is preparing a vote to end it while lawmakers plan to meet crypto leaders Wednesday to discuss the stalled market structure bill. The US government is approaching its fourth week of shutdown, with a Senate vote scheduled for Monday evening to end the funding impasse, and a separate meeting on Wednesday where lawmakers and crypto executives will discuss the long-stalled crypto market structure bill. The Senate will vote at 5:30 p.m. ET for the 11th time in an effort to end the shutdown. Approval and a presidential signature would reopen federal operations, while another failure would extend the stalemate. Despite the gridlock, Congress remains active on other fronts. On Wednesday, Senate Democrats are expected to host a roundtable with crypto industry leaders from Coinbase, Kraken, Circle, Ripple and others to discuss the proposed US market-structure bill, according to a post on X by journalist Eleanor Terret. Read more
Bitcoin staged a rebound rally to $111,705 as the market recovers from last the recent catastrophic sell-off, but data suggests sellers will continue to take profit at each breakout top. Key points: Bitcoin and most major altcoins have bounced off their support levels, indicating solid demand at lower levels. Buyers may find it difficult to sustain the recovery, as the bears are expected to sell on rallies. Read more
Musk’s tweets ignited DOGE’s meteoric 2021 rally, and with bullish signals returning, the memecoin might be gearing up again. Key takeaways: DOGE’s Adam and Eve pattern and Fibonacci confluence point to a 25% upside. Heavy short liquidation zones above $0.216 could fuel a sharp rally. Read more