Business

Marathon Digital’s hash rate target of 50 EH/s by the end of 2025 may be achieved a year sooner than expected, CEO says

This is the first crypto-centric announcement from Stripe since May of last year

The DOJ charged the CEO and CTO with a count of conspiracy to commit money laundering and a count of conspiracy to operate an unlicensed money transmitting service

Research analyst Mark Palmer starts coverage of the bitcoin miner and puts its price target 50% higher than its current level

Plus, Puffer joins the restaking round club and a Bitcoin Runes DEX announces seed funding

Elsewhere, a former Disney gaming lead goes Web3 and OKX executives depart

While crypto fundraising remains well off its bull market highs, Q1 data shows capital is returning to the space

Binance is making moves, from receiving a new license in Dubai to switching its SAFU fund to USDC

Marathon Digital and Riot Platforms each have more than $1 billion in cash and BTC to deploy, while CleanSpark has said it could be “one of the most aggressive acquirers”

The firm raised the funds for the American Dynamism, Apps, Games, Infrastructure and Growth ventures, a post said

New crypto ads target viewers of the NBA and NHL playoffs as the new BTC supply is set to slow

Elsewhere, rank-and-file employees move around and Binance’s head of legal in Europe departs

Plus, a Dragonfly partner shares his view on the crypto VC market, and a mining hardware firm raises $80 million

The “fastest-growing ETF in history” has seen net inflows on every trading day since its Jan. 11 launch

Pre-seed Bitcoin startup deals rose 360% in 2023, a TVP report shows

Monad is set to go to mainnet by the end of 2024

Denmark-based Northstake looks to use Dubai as “a strategic base” to survey expansion options

Bitcoin layer-2 solutions continue to proliferate

Plus, a van Eck releases a stablecoin and Paradigm looks to raise another megafund

Elsewhere, Binance appoints new board members and a highly-funded startup is hiring

Google says that the scheme has 87 apps and impacted 100,000 users

Paradigm is taking advantage of the bull market to raise a new fund, Bloomberg reported

One of the new independent board members will serve as chairman of the board, according to Binance’s website

CEO Asher Genoot said Hut 8 is looking at ways to boost its presence in the high-performance computing and AI realms