CANG News & Events

The collapse of U.S.-Iran ceasefire talks pushed oil prices back up and has been keeping bitcoin(BTC-USD)pinned near the $70,500 support level. Meanwhile, a Polkadot(DOT-USD)bridge exploit added further headwinds for cross-chain infrastructure investors. Stay current on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.STRATEGY EXTENDS BITCOIN ACCUMULATION WITH $1B BUY, BITMINE REACHES ETHER HOLDINGS OVER 4% OF CIRCULATING SUPPLY:Strategy(MSTR)disclosed in afiling this morningthat it acquired 13,927 bitcoin for roughly $1B during the week of April 6-12, at an average price of $71,902 per coin, lifting its total treasury to 780,897 bitcoin at an aggregate cost of approximately $59.02B, or $75,577 average. The purchase was funded entirely by selling 10.03M shares of its STRC preferred stock for net proceeds of about $1.001B, with no dilution to MSTR common shares this cycle. Founder Michael Saylor, noting a 5.6% bitcoin yield year-to-date in 2026 and a breakeven annual return rate of about 2.05%.On the ether(ETH-USD)side, treasury giant Bitmine Immersion Technologies(BMNR)disclosed in aregulatory filingthat its total ether holdings stand at 4.875M ether, roughly 4.04% of total circulating supply, valued near $10.75B at $2,206 per token. 3.33M of their owned ether valued at $7.4B is actively staked. The company also holds 198 bitcoin, $719M in cash, and $85M in Eightco Holdings(ORBS)shares, and announced that its NYSE uplisting from NYSE American became effective April 9, a development that broadens its index-eligibility and institutional accessibility. The scale of Bitmine's staking position makes it one of the largest single publicly traded concentrations of staked ether on U.S. exchanges, a defining concentration for any portfolio with Ethereum infrastructure exposure.CANGO LAUNCHES HPC/AI SUBSIDIARY AS MINERS PIVOT FROM PURE PROOF-OF-WORK:Cango(CANG)announcedthat EcoHash, its high-performance computing and AI inference subsidiary, has begun commercial operations at its owned 50-megawatt facility in Georgia, deploying plug-and-play compute modules via its proprietary EcoLink Orchestration Platform. LM Funding America(LMFA)disclosed in an8-Ka more constrained operational picture for March 2026. The company mined 9.6 bitcoin at a record hashrate of 0.79 EH/s but sold 23.1 bitcoin, leaving a 341.2 bitcoin treasury valued at nearly $22.9M. It also extended an $11M Galaxy Digital credit facility to June 26, 2026, signaling continued reliance on debt financing amid compressed mining economics. Meanwhile, BGIN Blockchain(BGIN)resolved a prolonged hosting dispute,the company said, recovering all 5,325 seized mining machines from Mawson Hosting and Krypton Technologies under a confidential settlement, an event that removes a material operational drag from BGIN's U.S. subsidiary, BGIN Infrastructure.BROADRIDGE AND MARTI EXPAND DIGITAL ASSET INFRASTRUCTURE FOOTPRINTS:Broadridge Financial Solutions(BR)launched a unified digital asset platform for Canadian wealth managers,per the firm's announcement, covering crypto trading, tokenized real-world assets, integrated custody via Galaxy Digitaland Anchorage/Tetra, and on-chain proxy voting, building on infrastructure that already tokenizes more than $8T in assets monthly. The launch is a telling signal that institutional-grade digital asset tooling is moving into mainstream North American wealth management, with custody integration through regulated counterparties rather than self-managed wallets. Marti Technologies(MRT)reported FY25 results, posting revenue of $39.2M, up 110% year over year and 15% above guidance, with gross margin swinging from -15% to +61%. The Turkey-based mobility platform maintains a policy of holding 20–50% of cash reserves in bitcoin and guided for FY26 revenue of $70M with positive adjusted EBITDA.CLARITY ACT AND SEC ROUNDTABLE SET THE WEEK'S REGULATORY TONE:The U.S. Senate returned from Easter recess Monday, reopening the window for a potential CLARITY Act markup vote this week, with an SEC digital assets roundtable scheduled for April 16 as the immediate near-term catalyst. CoinbaseCEO Brian Armstrong publicly endorsed the CLARITY Act on April 9 following White House pressure, and passage of the bill would be a significant positive for Coinbase's regulatory standing and product roadmap. The legislative outcome also carries direct implications for miner and exchange-adjacent equities whose compliance overhead and product offerings are sensitive to jurisdictional clarity on digital asset classification.On the corporate side, BitGo(BTGO)that BitGo Prime has added tradias, a regulated European crypto-asset services provider currently merging with Boerse Stuttgart Digital, to its institutional liquidity network, expanding execution quality and market access for its institutional client base. Bitcoin Depot(BTM), the largest North American bitcoin ATM operator with over 9,000 kiosk locations, named Tony Gagliardi as its new chief compliance officer effective April 8,the company disclosed. Gagliardi previously held global compliance roles at Coinbase, OKX, and Paxos, a résumé that reflects the rising anti-money laundering and know-your-customer regulatory bar across the digital asset kiosk sector.PRICE ACTION:As of time of writing, bitcoin(BTC-USD)was trading near $71,797.97, and ether(ETH-USD)was trading near $2,206.60,according to price data from TipRanks.

Cango announced its operational update for March. Cango is strategically optimizing its mining operations to prioritize cash margin over scale. This includes refining the mining fleet, decommissioning inefficient miners, deploying alternative models such as hashrate leasing in regions with high hosting fees, and migrating capacity to lower-cost power regions. As of March 31, Cango's total operational hashrate stood at 37.01 EH/s, consisting of core self-mining fleet and hashrate leasing arrangements. The company said this lean-production model prioritizes margin resilience over raw scale.

Tuesday's crypto-equity tape is driven by regulatory wins and institutional product launches, all unfolding as bitcoinholds gains near $69,000 following Monday's ceasefire-driven short squeeze that forced $273M–$325M in futures liquidations in a single session. Traditional finance is accelerating its digital asset ambitions across the board: a federal trust charter, a major brokerage's spot trading debut, and a futures exchange adding two new altcoin products all hit on the same morning. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.COINBASE WINS CONDITIONAL FEDERAL TRUST CHARTER AS SCHWAB AND SOFI PREPARE CRYPTO LAUNCHES:Coinbasereceived conditional approval from the Office of the Comptroller of the Currency to establish a national trust charter, a development H.C. Wainwright analyst Mike Colonnese described as a bullish structural catalyst that upgrades the exchange's institutional custody credibility from a state-level patchwork to a single federal framework. The conditional approval positions Coinbase as a federally regulated custodian, a designation that could open doors to pension funds, endowments, and sovereign wealth managers currently restricted to federally chartered counterparties. H.C. Wainwright reiterated its Buy rating and $350 price target on Coinbase in its weekly roundup.Charles Schwabin the first half of 2026 through a new dedicated "Schwab Crypto" account.The move brings one of the largest U.S. retail brokerages directly into spot crypto markets, representing a significant new distribution channel for bitcoin and ether liquidity that bypasses dedicated crypto exchanges. SoFi Technologies, an enterprise platform built to unify fiat deposits, payments, and digital assets under its nationally chartered bank structure, an integration play that positions the fintech as a single-rail solution for companies managing both traditional and digital treasury operations.CME GROUP EXPANDS REGULATED CRYPTO DERIVATIVES WITH AVALANCHE AND SUI FUTURES:CME Groupto launch cash-settled avalancheand suifutures on May 4, pending regulatory review, in both standard and micro contract sizes. The exchange noted its regulated crypto suite already covers more than 75% of total crypto market capitalization. CME separately confirmed that 24/7 crypto futures trading will begin May 29, a structural change that aligns crypto derivatives settlement hours with the underlying spot markets and removes the weekend gap risk that has historically created Monday-open price dislocations for equities with crypto treasury exposure.BLACKROCK ROUTES $82M IN BITCOIN TO COINBASE PRIME AS SHORT SQUEEZE CLEARS BEARS:According to on-chain data tracked by Arkham Intelligence and reported by Coinness, BlackRockdeposited 1,178 BTC, approximately $82.25M, into Coinbase Prime on April 6, consistent with routine custody and rebalancing operations for its bitcoin exchange-traded fund. The deposit is part of a documented pattern, BlackRock routed $121M on April 2, $206.5M on March 29, and $260M on March 4 through the same channel, providing a steady, recurring institutional revenue signal for Coinbase's prime brokerage segment. Monday's session also cleared a significant derivatives overhang:that $273.8M in total futures liquidations swept through markets across 81,819 traders, with shorts accounting for $196.7M of that total at a roughly 3:1 ratio versus longs, and the single largest liquidation being a $10.17M ether short on Binance. A dormant bitcoin wallet that had accumulated 513 BTC at an average of $97,542 between January and March 2025, adding incremental sell-side supply even as spot prices held near $69,000.DEFI TECHNOLOGIES POSTS RECORD RESULTS; PAYSAFE LAUNCHES CRYPTO GAMING PAYMENTS:DeFi Technologies, reporting record revenue of $99.1M, a 215% increase year-over-year, and record net income of $62.7M, reversing a $27.6M net loss in 2024. Total cash, treasury holdings, and venture portfolio stood at $178.7M. Paysafe(PSFE)launched "Pay with Crypto," a MoonPay-powered product that enables U.S. iGaming and daily fantasy sports players to deposit using stablecoins or major cryptocurrencies with instant conversion to U.S. dollars,. The integration opens a new recurring revenue stream for Paysafe in one of the fastest-growing segments of regulated online gaming, with crypto deposits offering a friction-free alternative for players blocked by traditional card networks at gambling merchants.TREASURY DISCLOSURES SHOW DIVERSE DIGITAL ASSET ACCUMULATION ACROSS SMALL-CAPS:Bit Digital, valued around $327M as of March 31, with roughly 89% of that supply actively staked and generating approximately 291.3 ETH per month in rewards at a 2.9% annualized yield. The company also holds approximately 27M WhiteFibershares valued at roughly $322M, making the combined crypto and equity portfolio one of the more diversified among listed digital asset companies. Hyperscale Datadisclosedthat its combined bitcoin treasury, valued near $44.1M, comprising 639.2 BTC, plus cash and restricted cash of $57.9M totals approximately $102M, representing 189.92% of its current market capitalization as of the week ended April 5, a deep discount to net asset value that equity value investors may find notable. Eightco Holdingsdisclosed a treasury of approximately 277M worldcointokens, 11,068 ether, an indirect $90M OpenAI stake, and $109M in cash and stablecoins, approximately $326M in total,.PRICE ACTION:As of time of writing, bitcoin was trading at$68,117.46, while ether was trading at$2,079.46,according to price data from TipRanks.

Traditional finance is no longer observing the digital asset economy from a distance, it is writing checks in it, listing on Nasdaq alongside it, and building payment rails directly into it. The unifying thread across today's news is institutional commitment: to crypto infrastructure, to on-chain settlement, and to U.S. market access. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.LEGACY ASSET MANAGERS MOVE DEEPER INTO CRYPTO VIA ACQUISITION AND NASDAQ LISTING:The $1.7T asset manager Franklin Resourcesis making a definitive push into active digital management through a structural first for the industry., Franklin has agreed to acquire 250 Digital, the active crypto arm recently spun off from CoinFund, using BENJI tokens, blockchain-based shares of Franklin's own money fund, as payment consideration, forming a new "Franklin Crypto" division and marking the first on-chain M&A settlement in traditional asset management. On the same day, Europe's largest digital asset manager, CoinShares (CSHR),. With $6B in assets under management and a 34% share of the European ETP market, CoinShares now competes on the same exchange as BlackRockand Fidelity, extending the geography of institutional crypto competition directly onto U.S. screens.BLOCK ENABLES AUTOMATIC BITCOIN PAYMENTS FOR FOUR MILLION MERCHANTS:Mainstream merchant adoption received a massive boost as Blockintegrated digital assets natively into its payment ecosystem.how Block has auto-enabled bitcoinpayments for approximately 4M U.S. merchants. This material operational development, coupled with CEO Jack Dorsey's public push to replace certain middle management layers with artificial intelligence, marks a significant shift in the investment story for Block shareholders.SPOT FUND FLOWS AND ETP DISTRIBUTION SIGNAL INSTITUTIONAL PRODUCT DEMAND:Institutional demand for spot products showed renewed strength to start Q2.that U.S. spot funds saw $117.5M in net inflows for bitcoin and $31.2M for ethertoday, led by BlackRock's iShares Bitcoin Trust, which recorded $98.42M in new capital, a constructive demand signal for equities with heavy sector exposure, such as Coinbase. On the distribution side, DeFi Technologiesof its Valour subsidiary to lead Nordic and European ETP expansion, a complementary signal that appetite for regulated crypto exposure products is deepening across both sides of the Atlantic.MINING OPERATOR REDOMICILIATION AND MICRO-CAP COMPLIANCE PRESSURE:Major mining operators are evolving their corporate structures to better serve U.S. investors. Bitfarms., with shares expected to begin trading under the new ticker KEEL on April 6, aligning the company closer to U.S. capital markets and GAAP reporting as it expands its data center strategy. At the micro-cap end of the sector, compliance risk is surfacing as Cango, giving the company a six-month cure period to rectify the deficiency.PRICE ACTION:As of time of writing, bitcoin was trading at $68,813.65, while ether was trading at $2,134.30,.