
American Bitcoin’s $126M profit masks mining pressure as rivals turn to AI
The Eric Trump-backed miner reported $126 million in quarterly net income, largely driven by gains on its Bitcoin holdings, despite rising mining costs and shrinking margins.

The Eric Trump-backed miner reported $126 million in quarterly net income, largely driven by gains on its Bitcoin holdings, despite rising mining costs and shrinking margins.

Ueno’s collapse trapped millions of Paraguayan depositors and triggered a president’s resignation, reviving Bitcoin’s argument for self-custody.

Bitcoin Magazine Core Scientific (CORZ) to Exit Bitcoin Mining by Year-End as Colocation Hits $215 Million Core Scientific will finish winding down bitcoin mining in the fourth quarter and enter 2027 as a pure-play AI colocation landlord, with self-mining revenue already down to $12.3 million. This post Core Scientific (CORZ) to Exit Bitcoin Mining by Year-End as Colocation Hits $215 Million first
The XRP Ledger (XRPL) has welcomed a new euro-pegged stablecoin as GateHub partners with Dinaro to launch MiCA-compliant EURGH, enabling instant euro payments between blockchain wallets and European bank accounts.

Bitcoin Magazine Greece Approves 10% Crypto Capital Gains Tax as First Framework Lands Below Draft Rate Greece's parliament approved a 10% capital gains tax on cryptocurrencies, the country's first dedicated crypto tax framework, with annual gains up to €500 exempt. This post Greece Approves 10% Crypto Capital Gains Tax as First Framework Lands Below Draft Rate first appeared on Bitcoin Magazine a

The Hut 8-backed miner reversed a second-quarter loss, driven largely by a $197 million gain on its Bitcoin holdings.

The new share class offers blockchain-based exposure to an index tracking 600 companies across European markets.

Bitcoin Magazine South Korea Pushes 22% Crypto Tax to 2029 in Fourth Delay, Offers Three-Year Loss Carryforward South Korea's government will ask lawmakers to delay its 22% crypto gains tax to 2029 and let investors carry losses forward for up to three years. This post South Korea Pushes 22% Crypto Tax to 2029 in Fourth Delay, Offers Three-Year Loss Carryforward first appeared on Bitcoin Magazine
Stellar (XLM) tops XRP and Ethereum in Franklin Templeton portfolio with $1.1 billion milestone.

Canary Capital's Staked INJ ETF debuts on Nasdaq, giving investors exposure to Injective's INJ token plus staking rewards reflected in NAV.

Bitcoin saw sudden downside at the Wall Street open as stocks witnessed a snap sell-off, reversing post-election gains.

Ripple XRP traders got two very different signals from Binance on Thursday, November 5: CryptoQuant put the exchange’s XRP Scarcity Index at its highest level since 2022, while its XRP reserves jumped by 280 million tokens in two days. One says XRP is getting harder to find on Binance. The other says Binance just got.. The post Ripple XRP Scarcity on Binance Hits Highest Level Since 2022 as Reserv

Mark Zuckerberg’s Meta AI predicts a major downside move for Solana could be on the cards by January 1, 2027. The hypothetical catalyst is extreme but not impossible: a critical, prolonged consensus-layer failure triggered by the network’s well-documented stake and client concentration. In this scenario, a coordinated or cascading outage among a small group of.. The post Mark Zuckerberg’s Meta AI

Sunny Lu said AI agents would need identity and reputation systems, making the case while promoting agent-building platform VeWorld.ai.
XRP versus Bitcoin chart flashes positive short-term signal with the market now paying close attention.
Bitcoin mining giant MARA Holdings has sparked fresh Bitcoin selling concerns after transferring $133 million worth of BTC to institutional crypto platforms.

Bitcoin (BTC USD price) closed above $80,000 on Wednesday, November 4, the day after Democrats won control of both chambers of Congress, rising 3.9% while Trump-branded assets sank, with Trump Media stock down 24.5% and the TRUMP memecoin down 19.9%. That is not the reaction many in crypto expected from a Democratic Congress. Bitcoin traded.. The post BTC USD Closes Above $80,000 After the Democra
Trump and his Bitcoin strategy face a new political challenge after Democrats won control of both chambers of Congress in the 2026 midterm elections. The result could complicate President Donald Trump’s crypto agenda and bring renewed scrutiny to his family’s digital asset businesses. The political shift arrived as Trump-linked crypto assets suffered sharp losses. Official.. The post Trump and His

Bitcoin outperformed the S&P 500 in half of the past 90 US trading sessions, while historical midterm data highlights gains for stocks.

American Bitcoin reported Q3 net income of $126 million, swinging from a $57.2 million net loss in the previous quarter.