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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Exodus has launched 'Exodus Pay,' enabling users to spend BTC directly from their self-custodial wallet. The update aims to make holding and spending Bitcoin more seamless without moving funds to custodial services.

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Published at 2026-04-10 16:45:35

Russia to Ban Cash-for-Crypto Trades, Require Bank-Mediated Transactions

Russia will prohibit cash-for-crypto transactions and require trades to go through cashless, bank-mediated channels, a senior central bank official said. The measure is meant to increase oversight of crypto-related flows and clamp down on informal peer-to-peer markets.

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Published at 2026-04-10 11:30:09

Cango Sells 2,000 BTC Amid Miner Pivot to AI, Global Hashrate Drops 17%

Cango offloaded 2,000 BTC in a strategic deleveraging as the global Bitcoin hashrate fell about 17%, raising questions over whether this signals a buying opportunity or a warning. The move coincides with miners reallocating capital toward AI hardware, adding near-term sell pressure to BTC markets.

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Published at 2026-04-10 05:45:15

Morgan Stanley’s Cut-Rate Bitcoin ETF Sparks Industry Fee War

Morgan Stanley launched the MSBT Bitcoin ETF with a 0.14% fee, undercutting BlackRock’s IBIT and intensifying an issuer fee war. The move could shift investor flows and compress margins across the digital-asset ETF market.

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Published at 2026-04-10 00:45:09

SEC Seeks Feedback on Listing Options for Grayscale Multi-Asset Crypto ETF

The SEC is evaluating a proposal to list options on a Grayscale multi-asset crypto ETF and has asked for additional public comment as it assesses risks tied to crypto-related derivatives. Regulators want input on market structure, surveillance, and investor protections.