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Stay up to date on the latest crypto trends with our expert, in-depth coverage.

Rumble eyes $1.17 billion takeover of Northern Data to expand AI and cloud power
Rumble eyes $1.17 billion takeover of Northern Data to expand AI and cloud power

Share link:In this post: Rumble may buy Northern Data for €1B, offering 2.319 Rumble shares per Northern Data share. Northern Data will sell its bitcoin mining unit to Elektron Energy for up to $235M, with proceeds going toward repaying a Tether loan. Rumble’s Q2 loss widened to $30.2M despite 12% revenue growth; monthly active users fell to 51M.

Cryptopolitan·2025/08/11 19:15
Indonesia targets sovereign AI fund to boost sector amid regional competition
Indonesia targets sovereign AI fund to boost sector amid regional competition

Share link:In this post: Indonesia proposes sovereign AI fund to boost position as regional tech hub. A strategy paper outlines the roadmap for AI growth to 2030, pending public input. However, the plan faces hurdles including skills shortages, low research spend, and patchy internet.

Cryptopolitan·2025/08/11 19:15
China Rare Earth Group, Ant Group quash reports of joint stablecoin effort with PBOC
China Rare Earth Group, Ant Group quash reports of joint stablecoin effort with PBOC

Share link:In this post: Ant Group denied claims on Chinese social media regarding plans to develop rare-earth-backed stablecoins in collaboration with the People’s Bank of China (PBoC). The denial was issued on August 11, 2025, amid growing speculation about the potential for stablecoins backed by rare earth elements. JD.com and Alibaba have been trying to get the People’s Bank of China to approve a stablecoin based on the offshore yuan to challenge USD-backed stablecoins.

Cryptopolitan·2025/08/11 19:15
Korean Stock Investors Pivot to Crypto, Softbank Paypay US Listing and More
Korean Stock Investors Pivot to Crypto, Softbank Paypay US Listing and More

South Korean retail investors shift focus from US tech stocks to crypto, as regulatory changes drive the move.

BeInCrypto·2025/08/11 18:00
XLM’s Bullish Setup Holds—But Stellar Gains Could Stall for Now
XLM’s Bullish Setup Holds—But Stellar Gains Could Stall for Now

Stellar price remains inside a bullish setup after its recent breakout, but record exchange balances and fading momentum hint that gains could take longer to arrive.

BeInCrypto·2025/08/11 17:00
Flash
  • 17:47
    BitMine currently holds over 3.03 million ETH, accounting for approximately 2.5% of the total supply.
    Jinse Finance reported that BitMine currently holds over 3.03 million ETH, accounting for approximately 2.5% of the total supply, with a value of about $12.9 billion. Blockchain analysis by Lookonchain shows that this week, more wallets associated with BitMine received transfers of over 72,000 ETH ($281 million) from FalconX and BitGo, reinforcing the coordinated strategy adopted by the company and other OTC sectors to build positions during periods of weakness.
  • 16:56
    On-chain derivatives are transitioning from "experimental innovation" to emerging products that meet real market demand.
    According to Jinse Finance, data from Dune shows that on-chain derivatives contract trading volume has surged by more than 1000% over the past year. This trend not only reflects the growing market demand for on-chain derivatives protocols, but also marks a new stage of maturity for the broader DeFi ecosystem. After several market cycles, users' acceptance of decentralized trading experiences has significantly increased. On-chain derivatives are transitioning from "experimental innovation" to emerging products that meet real market needs.
  • 16:13
    A new address went long on $41 million ENA, while simultaneously shorting $42 million worth of ETH and BTC for hedging.
    BlockBeats News, October 19, according to MLM monitoring, a newly created wallet address withdrew 3 million USDC from a certain exchange in the past two days, then deposited it into Hyperliquid, and opened a total ENA long position worth 41 million USD through two wallets, while simultaneously shorting 20 million USD of ETH and 22 million USD of BTC.
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