The Securities and Exchange Commission has ended its long-running fraud and securities violation lawsuit against Justin Sun in a $10 million settlement.
The proposed interpretative application of federal securities laws on digital assets by the SEC reportedly carries more weight than staff-level statements.
Public miners are trimming Bitcoin reserves as tightening margins, debt pressure and a post-crash reset force the industry to rethink its once-popular hold strategy.
The Nasdaq-listed miner sold nearly all of its February production while expanding power capacity in Texas and maintaining a treasury of more than 13,000 BTC.
The Bitcoin miner and data center operator said the financing will support infrastructure tied to high-density computing workloads, including artificial intelligence and HPC.
BitGo will support the rollout of US dollar-pegged stablecoin SoFiUSD, as US fintechs and banks expand digital dollar infrastructure following new federal legislation.