Business Sandesh

TeraWulf Rides Bitcoin Rally: Q3 Revenue Soars 87% to $50.6M

TeraWulf Inc. (NASDAQ: WULF), a pioneer in zero-carbon Bitcoin mining, unveiled blockbuster Q3 results, with revenue rocketing 87% year-over-year to $50.6 million—powered by Bitcoin’s average price soaring to $114,390 from $61,023, despite a 32% drop in mined output to 377 BTC. The haul breaks down to $43.4 million from digital assets and a milestone $7.2 million debut from AI/high-performance computing …

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Ethereum Whales Stockpile 7.6M ETH — Could a Bullish Reversal Be Coming?

Ethereum (ETH) whales are defying market jitters, snapping up 7.6 million ETH since late April—a 52% holdings surge for wallets with 10,000–100,000 tokens—hinting at an impending trend reversal as ETH price today consolidates at $3,559, down 1.3% in 24 hours. Per CryptoQuant, this aggressive stockpiling contrasts retail caution, with smaller 100–1,000 ETH holders trimming 16% of balances, amid $438 million …

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Brazil Cracks Down: New Central Bank Rules Tighten Crypto Oversight

Brazil’s Central Bank (BCB) has unveiled sweeping regulations for virtual assets, extending anti-money laundering (AML) and counter-terrorism financing (CFT) rules to crypto service providers (VASPs) in a bid to curb scams, fraud, and illicit flows amid the nation’s explosive $319 billion crypto transaction surge from mid-2024 to mid-2025. Effective February 2026, the framework—building on 2022’s Law 14.478—requires all exchanges, custodians, …

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Gemini Revenue Soars 52% in Q3 Even as Shares Tumble

In its first earnings report since the September Nasdaq debut, Winklevoss twins-founded Gemini Space Station (GEMI) unveiled a robust 52% quarter-over-quarter revenue leap to $50.6 million in Q3 2025, driven by exploding trading volumes and credit card adoption. Yet, a staggering $159.5 million net loss—up from $90.2 million YoY—amid doubled operating expenses sent shares plunging 6.18% in after-hours to $15.80, …

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CleanSpark Raises $1.15B to Power Bitcoin Mining and AI Expansion

Nasdaq-listed CleanSpark (CLSK), America’s premier clean-energy Bitcoin miner, has upsized its private convertible senior notes offering to $1.15 billion at 0% interest, due February 15, 2032—fueled by surging demand from qualified institutional buyers. The zero-coupon debt, convertible at a 27.5% premium ($19.16/share) to Monday’s $15.03 close, includes a 13-day option for $150 million more. Closing eyed for November 13, proceeds …

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Uniswap Set to Go Parabolic? Fee Switch Activation Could Spark Rally, Says CryptoQuant CEO

Uniswap’s UNI token skyrocketed nearly 30% to $8.70 in a frenzied 24-hour rally, igniting DeFi news as a landmark governance proposal unlocks the long-dormant Fee Switch mechanism. CryptoQuant CEO Ki Young Ju forecasts “parabolic” upside, estimating $500 million in annual UNI burns from $1 trillion YTD trading volume—potentially slashing supply and squeezing exchanges holding $830 million in tokens. Decoding the …

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Asia Opens Higher: Bitcoin Steady, Stocks Gain as U.S. Shutdown Deal Lifts Sentiment

Asian stocks kicked off Tuesday with gains, riding a wave of relief from the U.S. Senate’s late Monday passage of a bipartisan bill to end the 41-day government shutdown—the longest in history—funding operations through January 30, 2026, with backpay for furloughed workers. This clarity lifted global risk appetite, boosting equities while Bitcoin price today stabilized around $105,168, up 0.75% amid …

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Longest U.S. Shutdown Ends — Will Bitcoin Benefit From the Rebound?

In a historic bipartisan breakthrough, the U.S. Senate’s 60-40 vote late Monday ended the 41-day federal government shutdown—the longest in American history—via a continuing resolution funding operations through January 30, 2026, with backpay for 1.4 million furloughed workers and SNAP benefits extended to September. As federal agencies reboot and economic data resumes, crypto markets are riding the relief wave, with …

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Big Win for Investors: U.S. Crypto ETFs Cleared to Share Staking Rewards

In a seismic shift for digital finance, the US Treasury and IRS have issued Revenue Procedure 2025-31, granting crypto exchange-traded products (ETPs) a “safe harbor” to stake proof-of-stake (PoS) assets like Ethereum (ETH) and Solana (SOL), and distribute rewards directly to investors. This landmark guidance, announced Monday by Treasury Secretary Scott Bessent, resolves long-standing tax and compliance hurdles, transforming passive …

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Crypto Crash Alert: Why Bitcoin and Altcoins Are Falling on November 11, 2025

The cryptocurrency market edged lower Tuesday, with total capitalization dipping 1% to $3.6 trillion amid profit-taking and macro shifts. Bitcoin (BTC) traded at $105,168, down 1% in 24 hours, while Ethereum (ETH) shed 1.3% to $3,550. Altcoins fared worse: XRP plunged over 3%, Solana (SOL) dropped 10% below $160, and BNB fell 6.4%, erasing much of 2025’s gains in a …

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