Weekly Crypto Headlines: Market Dynamics and Key Developments
By: Isha Das
- CleanSpark Expands Bitcoin Mining Operations: Nasdaq-listed CleanSpark is raising $1.15 billion through a senior convertible note offering, boosting its Bitcoin mining and AI data center operations.
- Coinbase Scraps $2 Billion Stablecoin Deal: Coinbase has abandoned its plan to acquire stablecoin firm BVNK, marking a shift in its expansion strategy.
- Crypto Markets Rally as Shutdown Nears Resolution: Positive signals from the US government on resolving the shutdown have led to a surge in cryptocurrency markets.
- Bitcoin Faces Critical Resistance Level: Bitcoin's price is testing a significant resistance at $106,400, potential targets reaching up to $114,000.
- Trump Media's Loss Despite Bitcoin Value Surge: Trump Media reports a $54.8 million net loss, even with an increase in its Bitcoin holdings.
- Institutional Crypto Buying Increases: As the US government shutdown looks to end, institutional interest in cryptocurrency shows a noticeable increase.
- Square Launches Bitcoin Payments for Merchants: Over 4 million merchants can now accept Bitcoin through Square's platform, enhancing crypto commerce.
