US Customs has begun releasing thousands of seized Chinese-made crypto miners after months of delays at ports, reportedly due to internal opposition to Bitcoin mining. While some shipments are being released, many remain held, with significant fees incurred by companies awaiting delivery. This situation follows a broader trend of regulatory scrutiny and tariffs impacting the crypto mining industry in the US.
about US Customs Releases Seized Chinese Crypto Miners After Prolonged Delays
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SEC Acknowledges Bitwise XRP ETF Filing Amid Market Speculation and Optimism
The SEC has acknowledged Bitwise’s XRP ETF filing, following a recent surge in applications amid changing regulatory dynamics. Polymarket indicates a 78% chance of approval by 2025, despite XRP’s price remaining stable around $2.53, as traders await further regulatory clarity. The SEC’s quicker response to filings contrasts with previous delays, but many analysts believe ETF approvals hinge on the outcome of the ongoing Ripple lawsuit.
about SEC Acknowledges Bitwise XRP ETF Filing Amid Market Speculation and OptimismBitcoin Miners Experience Significant Production Decline Amid Rising Difficulty and Hash Rate
Public miners experienced a 15% month-over-month decline in Bitcoin production in January, producing 3,267 BTC as mining difficulty and hash rate reached all-time highs. While Riot Platforms reported a slight increase, other major miners like Marathon Digital and Hut 8 faced significant drops in output. The surge in mining difficulty, which rose 5.6% to 114.1 trillion, alongside a record hash rate of 845.42 EH/s, has intensified competition and reduced profitability, with hashprice falling to $54 per petahash daily.
about Bitcoin Miners Experience Significant Production Decline Amid Rising Difficulty and Hash RateGrayscale Files for XRP ETF Amid Ongoing Legal Challenges and Market Activity
Grayscale has filed with the U.S. Securities and Exchange Commission (SEC) to convert its XRP Trust into an exchange-traded fund (ETF) on NYSE Arca, aiming to enhance investor access to XRP. This move follows a surge of ETF applications from various firms, spurred by a pro-crypto environment under the new presidential administration. Meanwhile, XRP faces ongoing legal challenges with the SEC, which has accused Ripple Labs of conducting an unregistered securities offering, impacting the token’s market performance.
about Grayscale Files for XRP ETF Amid Ongoing Legal Challenges and Market Activity