News Explorer — Trump-Founded American Bitcoin Faces Losses in Q1

Generated by AI, curated by humans

May 7, 5:35 pm

Decrypt

Trump-Founded American Bitcoin Faces Losses in Q1

American Bitcoin (ABTC) shares dropped over 9% due to a 20% decrease in quarterly mining revenue and reported net losses of nearly $82 million in Q1 2026. Despite this, the company increased its Bitcoin holdings by over 1,600 BTC and reduced mining costs to $36,200 per coin.

American Bitcoin (ABTC) shares dropped over 9% due to a 20% decrease in quarterly mining revenue and reported net losses of nearly $82 million in Q1 2026. Despite this, the company increased its Bitcoin holdings by over 1,600 BTC and reduced mining costs to $36,200 per coin.

Latest

Jun 25, 7:19 pm

Decrypt

Base Back Online After Block Production Issue Halts Coinbase-Backed Crypto Network

Base, the Ethereum layer-2 network incubated by Coinbase, experienced a block production issue, causing a halt in operat... Read Summary

Jun 25, 7:11 pm

Decrypt

Data Network Rebrands From Story Protocol to Focus on AI Training Data Scarcity

The decentralized network Story Protocol has rebranded to Data Network, focusing on artificial intelligence with the lau... Read Summary

Jun 25, 6:49 pm

Decrypt

CoinEx Denies Involvement in Alleged $3.8 Billion Iranian Sanctions Evasion

CoinEx refuted allegations of facilitating sanctioned Iranian funds, emphasizing neutrality and denying ties to Iranian... Read Summary

Jun 25, 5:14 pm

Coindesk

Kraken May Acquire a 15% Stake in Aave for $385 Million: Report

Kraken, a crypto exchange, is considering acquiring a 15% stake in DeFi protocol Aave for $385 million, with plans to in... Read Summary

Jun 25, 4:24 pm

Decrypt

Traders Foresee Bitcoin and Ethereum Falling Even Harder Following Recent Plunges

Traders on Myriad predict Bitcoin to drop to $55,000 and Ethereum to $1,500 before potential recoveries. The bearish sen... Read Summary

Jun 25, 2:11 pm

Decrypt

Strategy's STRC Preferred Shares Hit New Low as Bitcoin Gets Slammed Again

Bitcoin's price dropped as Strategy's preferred stock, Stretch (STRC), hit a record low, falling 8% to $74.13. Meanwhile... Read Summary

Jun 25, 1:53 pm

Coindesk

Kraken Parent Files Lawsuit Accusing PowerTrade of Misappropriating $7.2 Million in Crypto

Payward, the parent company of Kraken, has filed a lawsuit against PowerTrade, alleging misappropriation of $7.2 million... Read Summary

Jun 25, 1:00 pm

Coindesk

Spark and Uniswap Aim to Establish 'FX Layer' for Stablecoins to Support Market Growth

Spark and Uniswap are collaborating to create an "FX layer" for stablecoins, aiming to facilitate liquidity movement bet... Read Summary

Jun 25, 12:55 pm

Decrypt

Europol's Operation Endgame Freezes $47M in Stolen Crypto Funds

Europol announced that a crackdown on cybercrime-as-a-service malware froze over $47 million in stolen crypto funds. Ope... Read Summary

Jun 24, 6:40 pm

Decrypt

Strategy Must 'Stop Buying Bitcoin' and Stash Cash to Stop STRC Bleeding: Analyst

Strategy's preferred stock costs have surged, leading to a record low for Stretch (STRC) and Bitcoin's 4% drop. Analysts... Read Summary

Jun 24, 5:37 pm

Decrypt

Binance Withdraws MiCA License Application in Greece, Will See Approval in Another EU State

Binance has withdrawn its MiCA license application in Greece after facing potential rejection by the HCMC. The firm plans to seek authorization in another EU Member State to comply with regulations. Read Summary

Jun 24, 5:18 pm

Decrypt

New Yorker Gets 15 Months in Prison for Scamming Investors by Impersonating Crypto Influencers

Noman Saleem, a New York man, was sentenced to 15 months in prison for impersonating crypto influencers in a wire-fraud... Read Summary

Jun 24, 4:59 pm

Decrypt

Bitcoin 4-Year Cycle Continues Despite Hope for New Era, 21Shares Admits

21Shares initially forecasted Bitcoin breaking its four-year cycle in 2026, but later acknowledged the cycle remains int... Read Summary

Jun 24, 4:11 pm

Decrypt

South Korean Officials Seek Crypto Regulatory Alignment With US SEC

A delegation of South Korean officials and digital asset stakeholders met with the SEC to discuss regulatory alignment a... Read Summary

Jun 24, 3:45 pm

Coindesk

Cardano Continues Price Dive as ADA Wallet SecondFi Discloses Exploit

SecondFi, formerly Yoroi, fixed a vulnerability that led to the theft of 16 million ADA from 374 users in three attacks.... Read Summary