According to Cointelegraph, CleanSpark, a US bitcoin mining company, said that in order to achieve financial self-sufficiency
CleanSpark plans to sell mined Bitcoin monthly and has received a $200 million credit line from Coinbase PrimeAccording to the US bitcoin mining company CleanSpark said that in order to achieve financial self-sufficiency, the company will begin selling a portion of the bitcoins obtained from its mining business every month, reported Cointelegraph. In addition, CleanSpark has obtained a $200 million credit line backed by Bitcoin through an agreement with Coinbase Prime, the institutional brokerage division of the crypto exchange Coinbase, according to a statement. CleanSpark CEO Zach Bradford said that the bitcoin sales and credit lines together mean that CleanSpark has "achieved escape velocity - the ability to operate with its own funds, increase bitcoin reserves, and contribute to expansion capital through operating cash flow." The company added that CleanSpark has opened an institutional bitcoin trading desk to promote the sale of cryptocurrencies.
UK House of Commons Leader Lucy Powell’s X account hacked and used to promote ‘HCC’ token scamAccording to the BBC, Lucy Powell, the leader of the House of Commons, has had her X account hacked and used to promote a fraudulent "House of Commons" cryptocurrency. On Powell's X account, a series of now-deleted posts described the "HCC" token as "a community-driven digital currency that brings people power to the blockchain." The MP's office confirmed that her account was hacked on Tuesday morning and said that "measures have been taken quickly to protect the account and remove misleading posts." Recently, some public figures with a large number of fans, including BBC reporter Nick Robinson, have also suffered similar cyber hacking attacks. Luke Nolan, a senior researcher at CoinShares, said that the hack of Powell's account was an example of "pump and dump", and that the token had only 34 transactions, which may have brought a profit of about £225.
A whale is suspected to have spent 5 million USDC to purchase about 630,000 TRUMP through two addresses in the early morningAccording to Lookonchain monitoring, 8 hours ago, two newly created wallets (suspected to belong to the same whale) spent 5 million USDC to purchase 630,339 TRUMP at a unit price of US$7.93.
Galaxy Digital deposited 12,500 ETH to Binance in the early morning, equivalent to US$20.31 millionAccording to Spot On Chain monitoring, Galaxy Digital deposited 12,500 ETH (about 20.31 million US dollars) to Binance about 8 hours ago. In the past 4 days, Galaxy Digital has deposited a total of 37,500 ETH (about 60.34 million US dollars) to Binance, and the average price of ETH at the time of deposit was 1,609 US dollars.
Japanese listed company Value Creation plans to spend another 100 million yen to buy BitcoinAccording to CoinDesk, Value Creation, a Tokyo-listed logistics and technology company, issued a statement saying that the company expects to add 100 million yen (about $700,000) worth of Bitcoin to its balance sheet in the next four months. The company has previously purchased about 200 million yen (about $1.4 million) worth of Bitcoin. The company said that the funds came from surplus capital reserved for future investments.
Metaplanet announces $10 million bond issuance to increase Bitcoin holdingsAccording to official news, Japanese listed company Metaplanet Inc. announced the issuance of US$10 million worth of interest-free ordinary bonds to increase its holdings of Bitcoin.
Towns will launch TOWNS tokens in Q2, with an initial airdrop ratio of 10%According to official news, the decentralized communication protocol Towns announced that it will launch the TOWNS token in the second quarter of 2025. The initial total supply of TOWNS is 10 billion, and it will be launched on Base and Ethereum. 10% of the supply will be distributed to its supporters in the form of an initial airdrop. Membership fees, tips, transaction fees, and other transaction fees flow back into the TOWNS token ecosystem through automatic mechanisms (such as the sale and destruction of tokens), powering the network and strengthening the community's ownership of the protocol. Earlier in April, it was reported that the social communication protocol Towns completed a $10 million Series B financing, led by a16z crypto.
Standard Chartered Bank: Stablecoin supply is expected to surge to $2 trillion by 2028According to The Block, Standard Chartered Bank's latest report predicts that the upcoming US Stablecoin Regulation Act (GENIUS Act) will drive the global stablecoin scale from the current $230 billion to $2 trillion by the end of 2028. Geoffrey Kendrick, the bank's head of digital assets, pointed out that the bill will provide legal
