Trump brothers-backed American Bitcoin's Q3 profit more than doubles

Published at 2025-11-14 15:06:00

American Bitcoin, a miner and buyer of Bitcoin backed by two of U.S. President Donald Trump's sons, said on Friday its third-quarter profit more than doubled as wider margins improved returns. The company credited stronger operating economics and cost management for the jump, saying those factors expanded the spread between revenue and expenses for the period.

The result underscores resilience in large-scale Bitcoin mining operations as firms optimize power usage and fleet efficiency. For market participants, the beat may reinforce appetite for mining equities and highlight how operational gains can amplify outcomes in a volatile BTC environment, while keeping investor focus on regulatory and energy-cost developments going forward.

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BlackRock CEO Larry Fink conceded his earlier characterization of Bitcoin as an 'asset of fear' was mistaken, as the firm's iShares Bitcoin Trust (IBIT) posted a new record. The admission and the IBIT milestone highlight growing institutional acceptance of BTC.

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Published at 2025-12-03 19:15:15

BlackRock Sells $135M in Ethereum Despite 24‑Hour Market Rebound

BlackRock has offloaded roughly $135 million worth of Ethereum even as the broader crypto market posted a sharp rebound over the past 24 hours. The move underscores continued institutional selling pressure amid a tentative rally.

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Published at 2025-12-03 19:00:20

Revolut Adds Solana Support, Unlocking Access for 65M Users

Revolut has added full Solana network support, enabling SOL transfers and withdrawals for its roughly 65 million users after previously allowing only in-app trading.

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Published at 2025-12-03 18:45:13

Polymarket Relaunches in U.S. After CFTC Approval

Polymarket announced its U.S. return after the Commodity Futures Trading Commission approved it to operate as an exchange, marking a major regulatory milestone for prediction markets. The relaunch comes amid rising user interest and participation in event-based trading.

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Published at 2025-12-03 17:15:09

Dogecoin Activity Surges 10,187%, Ending Five-Day Slide

Dogecoin activity jumped 10,187%, snapping a five-day losing streak and producing a sharp rebound in Tuesday’s session. The move signals renewed retail interest and heightened volatility for the memecoin.