Search results for "POWER"
2026-04-03
12:09

Two men in Heilongjiang were sentenced for illegally tapping into a high-voltage power line at an oil field to mine cryptocurrency, with the principal offender receiving a 10-year prison term

A court in Honggang District, Daqing City, Heilongjiang Province, ruled that two men were convicted of stealing electricity by illegally tapping an oil-field high-voltage power line to power Bitcoin mining. The principal offender, Zhang, was sentenced to 10 years in prison and fined 50,000 yuan, while the accomplice, Zhao, was sentenced to 4 years and 10 months and fined 20,000 yuan. The total value of the stolen electricity exceeded 800,000 yuan.
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BTC3,37%
09:17

Will South Korea’s People Power Party overturn the crypto tax, and can the June election reverse the poll slump?

The People Power Party of South Korea has introduced a new bill, calling for the repeal of the cryptocurrency trading tax that is set to take effect in 2027, aiming to win support from younger voters and affect the value of votes. Analysts believe it may simply be a political strategy, and the actual impact is unclear; in the future, the bill could be postponed or amended again.
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09:29

China's MIIT estimates and promotes the computing-power inclusivity special action, exploring innovative models such as “computing-power banks” and “computing-power supermarkets”

The Ministry of Industry and Information Technology issued a notice to promote the development of small and medium-sized enterprises through affordable computing power services, innovate service models, improve the dedicated section of computing power platforms, implement flexible billing methods, and encourage local authorities to support small and medium-sized enterprises through subsidies such as computing power vouchers.
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08:30

Nasdaq-listed Axe Compute releases its FY2025 annual report, with a highest single-day gain of 152%

Axe Compute (NASDAQ: AGPU) released its FY2025 annual financial report, showing a total contract amount of $12 million over the past 30 days, an estimated Q2 revenue of $835,000, and more than 20 clients. Following the earnings release, AGPU’s stock price surged by up to 152%, with trading volume reaching a record high. All computing power is supplied by the Aethir network, covering 94 countries and deploying over 435,000 GPUs.
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14:10

Ethereum Foundation Researcher: The execution ticket mechanism converts MEV revenue into protocol burn, returning the validator’s role to pure staking

The Ethereum Foundation’s Barnabé Monnot introduced an “execution tickets” mechanism at the EthCC conference. The goal is to reduce block proposer monopolistic power by using a protocol auction for transaction execution and ordering rights, thereby increasing transparency and fairness. The revenue from execution tickets will be directly burned, ensuring that MEV profits are fairly distributed to all ETH holders, and lowering the participation barrier for home stakers. This mechanism is a core proposal of the Ethereum roadmap’s “Scourge” phase, and it will effectively prevent transaction censorship.
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ETH3,6%
06:08

The European Central Bank cites DeFiLlama data and conducts an in-depth analysis of the centralization of DeFi governance power

The European Central Bank, in its latest DeFi report, used data from DeFiLlama for the first time, indicating that regulators are paying close attention to decentralized finance. The report sheds light on the problem of concentrated governance power, which is of great significance for policy-making. Improving DeFiLlama’s credibility can help promote cooperation between regulators and DeFi platforms. In the future, DeFi may face stricter compliance requirements, while also bringing governance challenges.
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13:47

Bitcoin miner Bitfarms plans to sell $161 million worth of BTC and pivot to building AI infrastructure

Bitcoin mining company Bitfarms announced that it will move its registration to the United States and rename itself to Keel Infrastructure, focusing on digital infrastructure development. The new stock ticker KEEL will become effective on April 1. The company will pivot into a developer centered on power, plans to expand into power-constrained markets, and will invest its funding into high-performance computing and AI infrastructure.
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BTC3,37%
06:02

Dubai rolls out new rules for crypto derivatives: 5x leverage limits go live, and regulation is comprehensively upgraded

The Dubai Virtual Assets Regulatory Authority will roll out a regulatory framework for crypto exchange-traded derivatives in 2026, requiring a leverage cap of 5:1, applicable to all licensed virtual asset service providers. The new rules emphasize risk control, allowing institutions and retail investors to participate in derivatives trading, while preserving the power to intervene when markets are volatile. This initiative is intended to attract global crypto firms and drive the maturation and development of the crypto market in the Middle East.
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BTC3,37%
ETH3,6%
08:02

ETH rose 0.79% in 15 minutes: Spot buying increased and futures bulls resonated to boost the market.

From 07:45 to 08:00 (UTC) on March 30, 2026, the ETH price return reached +0.79%, closing in the range of 2043.74 to 2068.03 USDT, with a volatility of 1.19%. During this period, market activity increased, short-term capital flow accelerated, and volatility slightly intensified, attracting significant attention from investors. The main driving force behind this anomaly came from a noticeable increase in buying power in the spot market and a dominant bullish sentiment in the derivatives market. On-chain data shows that the funding rate for ETH perpetual contracts remains positive, with longs needing to pay funding fees to shorts.
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ETH3,6%