Older Cryptocurrencies Like NEO, VeChain, EOS, and IOTA Are Seeing a Resurgence

A crypto whale has taken a $521 million short position on Bitcoin with 40x leverage on Hyperliquid. The whale's position could be liquidated if Bitcoin rises just 1.75%, prompting a group of traders to push for that outcome.

Bitfarms has finalized the acquisition of Stronghold Digital Mining to enhance its focus on artificial intelligence, utilizing the new site for optimizing data warehouses and catering to AI firms. The acquisition strengthens Bitfarms' U.S. presence and positions it for long-term value creation through high-performance computing/AI business development.

Canary Capital has filed with the SEC to launch a SUI exchange-traded fund, following a recent partnership with Sui Network. The firm aims to create an investment vehicle tracking the altcoin's price, without disclosing the exchange for the potential ETF to trade on.

Elon Musk claimed on a podcast that his Department of Government Efficiency found computers in various U.S. agencies capable of creating money out of thin air. These 14 computers with blank-check authority allegedly send trillions of dollars to fund government operations.

The controversial proposal by Crypto.com to mint 70 billion CRO tokens, previously burned in 2021, was approved after a sudden surge of votes, reaching the required quorum. Despite disappointment among CRO holders, the upgrade on the Cronos blockchain is set to mint new tokens.

TON, the native token of The Open Network, surged 29% after Telegram CEO Pavel Durov's bail conditions allowed him to leave France for Dubai. Durov's return home follows an investigation related to criminal activity on Telegram.

According to Standard Chartered analyst Geoff Kendrick, Ethereum's price is expected to decline to $60,000 by the end of 2025. Kendrick attributes this trend to the rise of Ethereum Layer-2 networks, such as Coinbase's Base blockchain, impacting ETH's market cap.

CoinShares reported a $1.7 billion loss in digital asset investment products, with Bitcoin funds hit hard by outflows totaling $978 million last week. Despite Bitcoin's price rebounding to $83,000, further challenges are anticipated due to trade tensions and inflation concerns.

Strategy, led by Michael Saylor, has resumed buying Bitcoin, acquiring 130 coins worth $10.7 million. This purchase, at an average price of $82,981 per Bitcoin, adds to their total holdings of 499,226 BTC, valued at around $41.4 billion.

Kaitlyn Siragusa, also known as Amouranth, was attacked by armed assailants in her Texas home, demanding her cryptocurrency. Three suspects have been charged, with one 16-year-old still unidentified. Despite the ordeal, the robbers left empty-handed, only taking her MacBook.