Cango Reports $81.6M Q2 Loss as Shares Plunge 21%
Cango is trading mining scale for unit economics, cutting cash costs about 5% to $73,313 per BTC while its Georgia site pivots toward AI infrastructure.
Market-moving crypto headlines from the last 24 hours.
Cango is trading mining scale for unit economics, cutting cash costs about 5% to $73,313 per BTC while its Georgia site pivots toward AI infrastructure.
Framed as the first neobank built into a stablecoin issuer, the consumer push doubles as a bid to revive USDe, whose supply is now a third of its September 2025 peak.
The proposal brings blockchain into the infrastructure layer behind securities ownership and transfers, with implications for tokenized real-world assets and institutional digital-asset markets.
The speedup preserves the payload type, but placeholder values shift the audit burden to direct stream consumers and RPC providers.
Core says user assets are safe, but the protocol hasn't disclosed how much extra CORE actually minted, or whether the overage pulled from the planned schedule or fell outside it.
The $620M+ xStocks market gets a 24/7 onchain trading venue with a graduation track into dedicated HyperCore markets for tokens that prove real flow.
Equity-linked perpetuals alone did $342.9B of that August haul, and now physical-settled options land outside the US. Binance's clearest push yet toward a multi-asset broker model.
The unusual split is what other major-economy CBDCs will now be measured against: banks and big retailers must build access in Russia, but citizens stay free to ignore it.
The market's next read turns on whether the action stays limited or triggers retaliation, with oil, shipping and global risk appetite in focus.
The 421-page proposal would bring tokenized securities, distributed ledgers and AI controls into a rulebook largely unchanged since the late 1970s. Comments are due in 60 days.
The confirmed loss was about 150.2 ETH plus 31,204 USDC, while most ICX was traced or frozen; the incident exposed a precision bug and a 105-minute containment gap.
ETF demand and XRP's native price are sending opposite signals, making cumulative flows the metric to watch in the debate over whether the selloff is a buying opportunity.
The Strait of Hormuz turns the military escalation into a macro risk, linking it to energy prices, inflation expectations and global risk appetite.
The 172-country footprint positions self-custody as a payments proposition, with USDC bridging DeFi access and card spending.
Payward's Bitnomial hands Hyperliquid the CFTC-licensed derivatives stack it could not build alone, and the deal lands as Trump's CFTC openly courts offshore perps back onshore.
Markets pricing a 66% chance of a fresh Fed rate hike this month is the more urgent threat than seasonal patterns: tightening policy would lift the dollar and press risk assets from BTC to gold.
A stronger yen could force investors to unwind years of cheap-yen bets across stocks, bonds and crypto, reviving the cross-asset shock seen after the BOJ's August 2024 hike.
One shared Move-language implementation turned one suspected compromise into parallel freezes across four chains, with Switchboard yet to publish a root cause or affected-integrations list.
Two 15-year Hut 8 leases at Beacon Point carry $19.6B in contracted value, more than 260x its $74.93M quarterly revenue, as bitcoin miners keep pivoting into AI compute.
Zcash edged Dogecoin out of the CMC top 10 between 31 Aug and 01 Sep at 15:00 UTC, with ZEC rising to rank 10 on a 2.6%…