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Blockchain

US Government Shutdown Spurs Crypto Market Bottom Calls From Analyst


The United States government entered its first shutdown in six years on Wednesday, a political standoff that coincided with a rise in Bitcoin and gold as investors sought safe-haven assets.

The US government is experiencing its first shutdown since the 35-day closure in December 2018, stemming from deep partisan divisions that have made Congress unable to pass a key funding bill needed for the 2026 fiscal year.

The main dispute stems from a temporary funding measure, known as a continuing resolution. The Republicans advanced the CR without additional…



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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