Canaan (CAN) acquired Cipher Mining’s 49% stake in three West Texas mining projects for $39.75 million in shares, giving Cipher a significant equity stake in Canaan.
Coinbase has launched 24/5 commission-free stock and ETF trading for all U.S. users, expanding beyond crypto in a bid to become an “everything exchange” and diversify revenue.
Coinbase is facing some selling pressure on Wall Street as analysts trim expectations and insider selling adds to investor unease ahead of the company’s upcoming earnings report.
Strategy faces the risk of being removed from major equity indices, with JPMorgan warning that MSCI’s January 15 decision could trigger up to $2.8B–$8.8B in passive outflows and deal a major blow to Saylor’s bitcoin-leveraged strategy.
Bitcoin price briefly fell below $90,000 overnight before rebounding to the $94,000 range, trading near its weekly high, with over 19.95 million BTC mined — exceeding 95% of its 21 million supply.
Cboe Global Markets (Cboe: CBOE) announced that, pending regulatory approval, it will launch Bitcoin Continuous Futures (PBT) on its Cboe Futures Exchange (CFE) starting December 15.