CryptoGlue

A new report from the Bitcoin Policy Institute suggests the UK could use Bitcoin mining to consume surplus Scottish wind energy, potentially reducing the £1 billion-plus annual cost of paying wind farms to stop generating.

DeFi lending protocol Kava Lend lost approximately $3.8 million in a hack that saw 49.2 million KAVA tokens bridged to BNB Chain and sold. The native KAVA token fell nearly 40% following the exploit.

Two Bitcoin addresses that received mining rewards in September 2010 transferred their holdings minutes apart this week. The 1,000 BTC moved are now worth approximately $6.9 million, representing a 1.15 million-fold increase from their original value.

Quantitative trading firm Jane Street dramatically increased its stake in Fidelity's spot Bitcoin ETF while reducing its BlackRock IBIT position during the third quarter, according to regulatory filings.

Paraguay's state utility has confirmed that power contracts supplying roughly 4% of global bitcoin mining will expire at the end of 2027, making way for a 15-year agreement to power an AI campus backed by Founders Fund. The decision marks a significant shift in how the country allocates its abundant hydroelectric resources.

Nasdaq-listed Ethereum treasury firm BTCS sold a portion of its ETH holdings below cost to prevent its $64 million borrowing position on Aave from becoming eligible for liquidation. The company holds 46,676 ETH as collateral, with liquidation risk emerging near $1,700 per token.

Bitcoin treasury company Nakamoto has pledged roughly 70% of its bitcoin holdings to secure a $165 million loan from exchange Kraken, a liability that now surpasses the firm's total market capitalization as bitcoin trades well below the loan's purchase price.