10th Indian Delegation to Dubai, Gitex & Expand North Star – World’s Largest Startup Investor Connect
Blockchain

Elon Musk Backs Bitcoin in America Party Launch, Market Reacts


The world’s richest man says Bitcoin will be part of the official platform of his new “America Party,” sending BTC close to the $110,000 mark earlier today. The move comes just days after Musk broke away from the Republican Party over a controversial budget bill pushed by Donald Trump.

When asked if his new party would support Bitcoin, Musk replied: “Fiat is hopeless so yes.” 

That one sentence was enough to set off a fresh wave of excitement in the market. This is big news. Here’s what you should know. 

Bitcoin Gets Political

Musk’s…



Source link

by Cointelegraph

United States-based Bitcoin mining company TeraWulf nearly doubled its third-quarter revenue this year thanks to price growth in Bitcoin, as well as an expansion in mining capacity and new income from its AI business. Revenue for the third quarter increased 87% year-over-year to $50.6 million, with “digital asset revenue” making up $43.4 million, according to TeraWulf’s Q3 earnings report on Monday. In Q1, the company had reported a net loss, and in Q2, the miner’s revenue increased 34% year-over-year to $47.6 million.  “These increases were… Source link

by Tech In Asia

After the announcement, Iren raised its 2026 annual recurring revenue guidance from US$500 million to US$3.4 billion. Source link

by Tech In Asia

The company reported Q3 net profit of US$56.8 million, up from US$38.5 million a year earlier. Source link