The crypto altcoin market is in turmoil as investor sentiment plummets and digital asset prices fail to recover from the October 2025 crash. An estimated 38% of altcoins are now hovering near all-time lows, which is worse than the post-FTX market crash, according to CryptoQuant analyst Darkfost. The current market is “unfavorable” for risk-on assets, and the crypto markets are the first to absorb this risk-off posturing, he said, adding: Examples of altcoins, cryptocurrency that typically serves as an alternative to Bitcoin (BTC), include Cardano’s ADA (ADA), which is hovering at about $0.10 above its all-time low of $0.17. Polkadot (DOT) reached an all-time low of $1.13 in February, but is now up 33% from there, and Polygon (POL) is trading at about $0.02 off its all-time low of $0.08. Read more
The Bitcoin miner and data center operator said the financing will support infrastructure tied to high-density computing workloads, including artificial intelligence and HPC. Bitcoin mining and data center company Core Scientific has closed a $500 million loan facility with Morgan Stanley, with the option to expand the financing to as much as $1 billion. According to a company announcement on Thursday, the financing may be used for general corporate purposes tied to building and expanding data center assets, including equipment purchases, real estate acquisition and securing additional power agreements. The company operates large-scale data centers in several US states, including Texas, Georgia and North Carolina, hosting both Bitcoin (BTC) mining equipment and other high-density computing workloads. Read more
BitGo will support the rollout of US dollar-pegged stablecoin SoFiUSD, as US fintechs and banks expand digital dollar infrastructure following new federal legislation. SoFi Technologies has selected digital asset custodian BitGo to support the rollout of its bank-issued stablecoin, the latest sign of growing momentum around federally regulated stablecoins for payments and settlements. Under the partnership, BitGo will provide stablecoin infrastructure services for SoFiUSD, a US dollar-pegged token issued by SoFi Bank, a nationally chartered and insured depository institution, the companies disclosed Thursday. The arrangement will run through BitGo’s “stablecoin-as-a-service” platform, which will support the issuance of SoFiUSD and help connect the token with payment providers, market participants and cryptocurrency exchanges. Read more
FBI director Kash Patel posted a photo a handcuffed John Daghita, as well as one of seized items including cash, thumb drives, a phone and devices resembling hardware wallets. The US Federal Bureau of Investigation (FBI) announced that it had made an arrest related to the theft of more than $46 million in cryptocurrency from the US Marshals Service. In a Thursday X post, FBI Director Kash Patel said that the bureau had arrested John Daghita, the son of Command Services & Support (CMDSS) president Dean Daghita, after he allegedly gained unauthorized access to wallets managed under the federal asset protection program. Patel said the arrest was carried out by the “French Gendarmerie’s premier elite tactical unit” with the FBI on the island of Saint Martin in the Caribbean. Patel’s social media post with a photo of a handcuffed Daghita, also included a photo of a suitcase containing cash, several thumb drives, a phone and three devices resembling Trezor hardware wallets. The FBI director did not disclose whether...