Project Progress

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American Bitcoin uses an overvalued BTC collateral to buy mining machines, implying a discount of 44%

Listed Bitcoin miner American Bitcoin disclosed in its latest quarterly earnings report that in February, it pledged 314 BTC as collateral and paid Bitmain $49.4 million for 80% of the mining equipment purchase. The deal was valued at $125,900 per BTC, but the actual transaction price at the time was below $70k, meaning ABTC effectively bought the mining equipment at an implied discount of about 44%.
BTC-2.15%
MarketWhisper·05-08 01:46
American Bitcoin uses an overvalued BTC collateral to buy mining machines, implying a discount of 44%

Hashed Launches Maroo Testnet for KRW Stablecoin Ecosystem

Hashed Open Finance has launched the first public testnet for Maroo, a sovereign layer-1 blockchain designed to support a South Korean won stablecoin ecosystem. The network features a dual-track operational model: an Open Path for unrestricted participation and a Regulated Path requiring prior
GateNews·05-07 15:51
Hashed Launches Maroo Testnet for KRW Stablecoin Ecosystem

Arbitrum Unfreezes $71M in ETH After Kelp Exploit Recovery Proposal Gains 90.5% Voter Support

According to a proposal co-authored by Aave Labs, Kelp DAO, LayerZero, EtherFi and Compound, Arbitrum's governance voted on May 7 to unfreeze 30,765 ETH (approximately $71 million) frozen after the Kelp DAO exploit. More than 90.5% of voting power, representing 173.9 million Arbitrum tokens, support
ARB16.26%
ETH-3.50%
AAVE-4.25%
GateNews·05-07 14:08
Arbitrum Unfreezes $71M in ETH After Kelp Exploit Recovery Proposal Gains 90.5% Voter Support

Manta Network Closes Staking Program, Halts Rewards

According to Manta Network, the protocol is closing its staking program, with staking rewards ceasing immediately. Node operators can withdraw at any time. The project cited concerns that inflation-based yield mechanisms would dilute MANTA holder value long-term. Manta Network plans to transition to
MANTA-5.27%
GateNews·05-07 13:30
Manta Network Closes Staking Program, Halts Rewards

CatFee.io Launches Free Telegram Bot for TRON Energy Rental

According to Odaily, CatFee.io has launched a free Telegram bot for TRON energy rental, enabling users to manage energy directly through the messaging app without complex on-chain configuration. The bot supports automated energy management, batch purchasing, and energy distribution. The
TRX-1.27%
GateNews·05-07 10:31
CatFee.io Launches Free Telegram Bot for TRON Energy Rental

Core Scientific sells $208 million worth of BTC in Q1 and turns to AI: CoreWeave backs it with a 12-year contract

Core Scientific sells BTC worth $208 million in 2026 Q1. In January, it sold 1,900 BTC to fund cash flow for the AI data center transformation and to execute its Q1 liquidation plan. The key highlights include a 12-year CoreWeave contract of about 590 MW covering 5 locations, with contracted revenue exceeding $10 billion, and a 3.0 GW pipeline to strengthen visibility into long-term revenue. Revenue fell 40% year over year over the past 12 months, with a gross margin of 10%. The share price rose on the positive news, with expectations that from 2027 onward, a turnaround will be driven by power on.
BTC-2.15%
ChainNewsAbmedia·05-07 10:23
Core Scientific sells $208 million worth of BTC in Q1 and turns to AI: CoreWeave backs it with a 12-year contract