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.
Every crypto post 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.
Crypto has never traded through a PMI regime above 65; the closest analog on record is the 1950 Korean War boom, when Q1 GDP grew 16.7% annualized and the index hit 77.5.
Chain-of-thought monitoring now deployed would have paged security more than a day before the July 11 breach; the largest planned frontier RL run remains paused while safeguards are validated.
At $100,000 BTC, the traced Intersango pool reaches $550M and a forgotten 5 BTC balance becomes a $500K claim. The constraint is evidence, not blockchain forensics.
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 Sept. 17 session moves continuous market access into a formal SEC market-structure discussion, putting liquidity, oversight and investor protection at the center.
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.
No network leads on every dimension, so performance gains must be weighed against control concentration and infrastructure resilience.
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.