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Cango Sells 2,000 Bitcoins to Repay Loans: Mining Companies’ Deleveraging Continues to Intensify Market Pressure

Cango Sells 2,000 Bitcoins to Repay Loans: Mining Companies’ Deleveraging Continues to Intensify Market Pressure

In March, US-listed mining company Cango sold 2,000 bitcoins to repay a mortgage loan, reducing its holdings to 1,025.69 BTC. This move continues the broader industry trend of mining firms deleveraging, reflecting the dual pressures of inverted mining costs and the sector’s shift toward AI infrastructure.

Blog Team2026-04-09

BlockFills Crisis Unpacked: How a $75 Million Loss, Withdrawal Suspension, and CEO Departure Are Shaking Up the Crypto Liquidity Market

BlockFills Crisis Unpacked: How a $75 Million Loss, Withdrawal Suspension, and CEO Departure Are Shaking Up the Crypto Liquidity Market

Cryptocurrency liquidity provider BlockFills has suspended client withdrawals after incurring losses on a $75 million loan. CEO Nicholas Hammer has stepped down. This article breaks down the timeline of events and analyzes the potential impact on the institutional lending market and industry trust.

Blog Team2026-02-26

From Insurance to On-Chain Settlement: TruStage Launches TSDA Stablecoin, Ushering in a New Era of Collaboration for U.S. Credit Unions

From Insurance to On-Chain Settlement: TruStage Launches TSDA Stablecoin, Ushering in a New Era of Collaboration for U.S. Credit Unions

TruStage has partnered with Block Time Financial to pilot the issuance of the TruStage Stablecoin (TSDA). This 1:1 USD-backed stablecoin is specifically designed for over 93% of U.S. credit unions, aiming to streamline loan settlements and cross-border payments.

Blog Team2026-02-25

From "Holding" to "Active Utilization": Solana Launches Staking Loan Service, Driving Stock Surge and Interpreting Signals of SOL Recovery

From "Holding" to "Active Utilization": Solana Launches Staking Loan Service, Driving Stock Surge and Interpreting Signals of SOL Recovery

Solana launches SOL staking-backed loan service, driving a 17% surge in its price. This article explores the impact of this development on the crypto ecosystem and analyzes SOL’s future price trends and institutional capital flows.

Blog Team2026-02-14

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Traditional Finance Bets on AI and Gold, Dancing with the Bitcoin Market: Growth Strategy Insights from L&T Finance

Traditional Finance Bets on AI and Gold, Dancing with the Bitcoin Market: Growth Strategy Insights from L&T Finance

As Indias financial powerhouse L&T Finance leverages an AI-driven risk engine to boost its gold loan business, the global cryptocurrency market is reacting to the Federal Reserves interest rate cut, with Bitcoin hovering around $92,000.

Blog Team2025-12-12

Daily Flash | $5M Drained From Solana via Suspected Slope Wallet Exploit, Crypto Market Shows Lackluster Demands Despite Wall Street Relief Rally

Daily Flash | $5M Drained From Solana via Suspected Slope Wallet Exploit, Crypto Market Shows Lackluster Demands Despite Wall Street Relief Rally

Daily Crypto Industry Insights and Technical Analysis at a Glance | Buzzes of Today - Solana Exploit Most Recent Update, China Issues Digital Yuan Loan, Gucci Accepts ApeCoin

Gate.io Researcher: Peter L.2022-08-04

Celsius Obtains $100 Million Loans From FTX

Celsius Obtains $100 Million Loans From FTX

Celsius, loan, cryptocurrency, lending, trading, credit facility, collateral, digital assets

Gate.io Researcher: Valentine. A2022-08-02

Daily Flash | Goldman Sachs launched its first Bitcoin backed loan facility；Bitcoin mining difficulty hits a record high

Daily Flash | Goldman Sachs launched its first Bitcoin backed loan facility；Bitcoin mining difficulty hits a record high

Daily Flash | Goldman Sachs launched its first Bitcoin backed loan facility；Bitcoin mining difficulty hits a record high

Gate.io Researcher：Byron B.2022-04-29

Deus Finance lost $3 million to a flash loan attack

Deus Finance lost $3 million to a flash loan attack

The attack_ Response from Deus Finance

Gate.io Researcher: M. Olatunji2022-04-15