News
Arena reaches $100 M annual revenue run rate eight months after launch
2+ hour, 20+ min ago (354+ words) The UC Berkeley spinout built a billion-dollar business by making AI model rankings something companies will actually pay for Eight months is not a long time. It is, however, apparently enough time for Arena to go from zero commercial revenue…...
Congo orders cobalt miners to forfeit unused export quotas
2+ hour, 46+ min ago (393+ words) The DRC is tightening its grip on the global cobalt supply chain, and the ripple effects could reshape everything from EV battery costs to crypto mining hardware. The Democratic Republic of Congo, which produces roughly 70-80% of the world's cobalt, is…...
Kraken lists Bittensor subnet alpha tokens, including Chutes AI and Targon Compute
3+ hour, 34+ min ago (553+ words) The exchange becomes the first major centralized platform to offer direct trading access to Bittensor's specialized subnet tokens beyond the core TAO asset Kraken is listing a batch of Bittensor subnet alpha tokens, marking the first time a major centralized…...
ORE surpasses 3 million SOL deployed for mining since V3 launch
5+ hour, 46+ min ago (355+ words) The Solana-native mining protocol has turned crypto mining into a competitive grid game, and millions of SOL are flowing in ORE, the Solana-native mining protocol built by pseudonymous developer Hardhat Chad, has now attracted more than 3 million SOL deployed for…...
House Republicans' crypto tax legislation lacks bipartisan support
20+ hour, 33+ min ago (392+ words) Seven draft bills from the Ways and Means Committee promise friendlier crypto taxes, but Democrats aren't buying it House Republicans rolled out seven draft tax bills targeting digital assets on June 5, and the reaction from across the aisle landed somewhere…...
Demand Pool mines first Stratum V2 block, marking historic milestone for Bitcoin mining decentralization
3+ day, 1+ hour ago (511+ words) Block 955, 318 is the first documented instance of a miner building its own block template in production, shifting power away from centralized pool operators For over a decade, Bitcoin mining pools have quietly held one of the most consequential powers in…...
US sanctions Gasabo Gold Refinery for processing stolen Congo gold
3+ day, 18+ hour ago (526+ words) Treasury targets Rwandan refinery and its leadership for laundering conflict gold linked to the M23 armed group in eastern DRC The US Treasury just dropped sanctions on a Rwandan gold refinery accused of laundering conflict minerals stolen from eastern Congo. Gasabo…...
Bitcoin miners seen as beneficial for electric grid amid AI demand
3+ day, 21+ hour ago (307+ words) A Duke University study finds Bitcoin mining could support up to 76 GW of new electricity demand while stabilizing the grid as AI data centers consume ever more power A study from the Duke University Nicholas Institute, released in early 2025, found…...
Jorge Jraissati testifies on Bitcoin's role in Venezuela's economy
3+ day, 23+ hour ago (370+ words) When a country's currency collapses so thoroughly that citizens need wheelbarrows of cash to buy groceries, people find alternatives. In Venezuela, that alternative increasingly looks like Bitcoin and stablecoins. Jorge Jraissati, president of the Economic Inclusion Group and a fellow…...
China throttles key mineral exports to Japan, pressuring Takaichi
5+ day, 19+ hour ago (302+ words) Beijing's rare earth squeeze could cost Japanese businesses $4. 2 billion as geopolitical tensions over Taiwan spill into critical supply chains China has effectively cut off shipments of critical minerals to Japan, weaponizing its dominance over rare earth elements in a move…...