Reabold Resources Explores Bitcoin Mining to Fund UK Gas Field Development

Despite the successful launch of Ethereum's Pectra upgrade, the price of ETH remained stagnant, trading 40% lower than a year ago. The recent upgrade, along with "The Merge," did not result in significant price movements, as analysts often view Ethereum upgrades as "sell the news" events.

Revolut is collaborating with Lightspark to introduce Bitcoin transactions on the Lightning Network in the U.K. and select EEA countries. The feature aims to reduce fees and processing time for crypto users, with no specified timeline for its launch.

The criminal trial of former SafeMoon CEO Braden John Karony began with testimony from a victim who lost $20,000 and the prosecution's star witness, Thomas “Papa” Smith. Karony is accused of money laundering, securities fraud, and wire fraud related to SafeMoon's liquidity pool.

Bitcoin's recent chart patterns resemble those before the late 2024 rally, with the MACD histogram and SMAs indicating potential bullish momentum. Traders interpret signals in context with price action to avoid false indicators like bear traps.

Bhutan has partnered with Binance Pay and DK Bank to allow tourists to make crypto payments for various services like airline tickets, hotel stays, and local crafts. Over 100 cryptocurrencies are supported, settling transactions in the local currency, Ngultrum (BTN), through DK Bank.

Ethereum has activated the Pectra upgrade, enhancing scalability and network operations. The upgrade includes improvements in validator processing, cryptographic operations, data access, and attestation efficiency, with a focus on Layer 2 and Layer 3 environments.

Movement Labs has severed ties with co-founder Rushi Manche, leading to the creation of Move Industries. The new leadership promises enhanced transparency, stronger governance, and a focus on builders. The fallout stemmed from market maker Rentech dumping 66 million MOVE tokens shortly after launch.

Metaplanet Inc. purchased 555 Bitcoin, totaling 5,555 BTC worth over $482 million, as part of its strategy to convert capital into Bitcoin amid global macro uncertainty. The Tokyo-listed firm raised over ¥35 billion through zero-coupon bonds and stock acquisition rights to invest in Bitcoin.

Gold prices rose 0.7% to $3,357 per ounce, driven by safe-haven demand, while Bitcoin traded near $97,500, close to its recent high. The Federal Reserve is expected to maintain interest rates at 4.25% to 4.50%, with investors awaiting Chair Jerome Powell's remarks post-meeting.

Canaan's stock received a "buy" rating from Benchmark, with a $3 price target, as the company expands in North America. Despite challenges in the Bitcoin mining industry, Canaan aims to benefit from rising Bitcoin prices and its diversified revenue streams.