Cango reported unaudited 2025 results with $688.1 million in annual revenue, driven mainly by bitcoin mining. The company mined 6,594.6 BTC during the year, while fourth-quarter adjusted EBITDA fell to a $156.3 million loss.
Bitcoin falls 1.1% to $70,867 while Ethereum slips to $2,190. XRP and BNB edge higher. Altcoins surge: RAVE +187%, INX +115%, TRADOOR +97% as capital rotates from majors to small caps.
Zetachain hinted at a June 22 event exclusive to ZETA holders. The community speculates on a Binance listing, major partnership, or airdrop. But the token slid nearly 5% amid broader market jitters.
Dutch gambling authority Ksa ordered Polymarket to cease operations immediately, imposing a weekly penalty of €420,000 for unlicensed political betting. The platform faces global regulatory heat.
Bitcoin traders rush to buy short-term put options targeting $52,000, driven by hawkish Fed, ETF outflows, and Strategy's STRC plunge. Deribit data shows heavy flows across June 22 to July 31 expiries. BTC trades near $62,400.
CFTC Chair Mike Selig said insider trading concerns in prediction markets are overstated, pointing to updated enforcement tools and legal actions, while lawyers say proving misuse of nonpublic information remains difficult.
SOL trades at $85.39 after a 3.50% daily drop. Even with wXRP launching on Solana and more than $100 million in initial liquidity, technical signals remain weak, with traders watching the $82 to $88 range.
Bitcoin stayed above $81,000 with market cap over $1.62 trillion, while XRP and SOL led major altcoins higher. Mid-cap tokens posted sharper gains as trading activity picked up across the crypto market.
