1d ago
Canaan Reports 104% Revenue Jump to $150.5 Million in Q3 2025
Bitcoin mining hardware manufacturer Canaan reported Q3 2025 revenue of $150.5 million, a 104% year-over-year increase, driven by record mining machine sales exceeding 10 EH/s and expanded self-mining operations. The Singapore-based company's shares rose approximately 16% in Tuesday trading. Canaan's self-mining capacity reached 9.3 EH/s during the quarter, generating $30.6 million in mining revenue after producing 267 BTC.
1d ago
1d ago
Libra-Linked Wallets Move $61.5M Into Solana Following $4M Liquidity Withdrawal
Wallets tied to the collapsed Libra memecoin withdrew approximately $4 million from the project's liquidity pool and deployed $61.5 million into Solana, blockchain data show. The transfers occurred as fraud investigations and asset freezes continue in the United States and Argentina. During Libra's collapse earlier in 2025, at least eight insider wallets withdrew roughly $107 million in liquidity as the token's market capitalization dropped more than 94% from $4.5 billion to under $300 million within hours.
1d ago
1d ago
South Korea's Crypto Tax Regime Faces Implementation Uncertainty Ahead of 2027 Deadline
South Korea's virtual asset tax framework remains unprepared for its January 2027 launch, with officials acknowledging incomplete infrastructure and regulatory gaps. The tax law, approved in 2020, has been delayed three times from its original 2022 start date. No public-private working group has been established, and critical guidance on airdrops, staking, and mining taxation remains unissued.
1d ago