ChainCatcher news, Nasdaq-listed Bitcoin mining company Riot Platforms, Inc. announced that it has signed a non-binding term sheet for its wholly-owned subsidiary Whinstone to potentially acquire certain assets of Bitcoin mining company Rhodium Encore LLC at the Rockdale facility.According to the terms, Whinstone will provide a total consideration of $185 million to Rhodium, including $129.9 million in cash, a refund of Rhodium's power deposit of $6.1 million, and $49 million worth of Riot shares. In return, Rhodium will transfer ownership of all tangible assets located at the Rockdale facility, including all ASIC miners. Whinstone and Rhodium will also each withdraw all existing lawsuits, including appeals, and waive all future claims unrelated to the completion of the transaction.

ChainCatcher news, YZi Labs announced that Jane He has become a general partner, leading biotechnology investments. Before joining YZi Labs, Jane was an investor and Chief Operating Officer at a hedge fund in Hong Kong, focusing on growth investments in biotechnology and innovation-driven industries.

ChainCatcher news, Riot Platforms Vice President of Research Pierre Rochard stated that Bitcoin price fluctuations can be quite severe, but these fluctuations do not stem from inherent structural flaws within Bitcoin itself. As an asset, Bitcoin's fundamentals—limited supply, censorship-resistant transactions, and global accessibility—are not affected by short-term market cycles.

ChainCatcher news, according to the official announcement, Binance will launch the IOTA/USDC, JUV/USDC, THE/USDC, USDC/CZK, and VANRY/USDC spot trading pairs on March 20, 2025, at 16:00 (UTC+8).

ChainCatcher news, according to CoinDesk, Europe's largest industrial technology company Siemens is collaborating with IoT distributed ledger builder Minima to embed blockchain technology into Siemens' devices in the automotive, robotics, and energy sectors.According to a press release from both parties on Tuesday, Minima is working with Siemens' Cre8Ventures division, which is part of Siemens' initiative to accelerate industrial transformation by collaborating with startups in areas such as artificial intelligence, digital twins, and cybersecurity. As computing power gradually shifts to the network edge, the demand for embedding security and data integrity in these edge devices is growing, which is where IoT-level blockchain technology comes into play.Minima CEO Hugo Feiler stated in an interview, "As the computing capabilities of edge devices improve, even large enterprise clients need to ensure the resilience of their systems. Therefore, the ability of these large enterprises to operate decentralized systems is also crucial for them. Decentralization is not just about removing them as intermediaries; it also allows them to expand their service offerings more deeply."

ChainCatcher news, according to Nansen's monitoring, the three fastest-growing blockchain networks in the past 30 days are Unichain, Berachain, and IOTA.The number of active addresses on Unichain surged by 21,713%, and the trading volume increased by 350%.Active addresses on Berachain grew by 453%, and the trading volume increased by 421%.Active addresses on IOTA grew by 126%, and the trading volume increased by 138%.

ChainCatcher news, according to Globe Newswire, the board of directors of the biotech company BioNexus Gene Lab Corp has approved a treasury strategy for Ethereum and released a related strategic white paper, allocating part of its funds to the Ethereum ecosystem.The company stated that this strategy aims to optimize financial management while exploring the potential applications of blockchain technology in the biotech field. The strategic white paper elaborates on how the company plans to leverage the smart contract capabilities and decentralized features of the Ethereum network to create new opportunities for its business development.

ChainCatcher news, Bitcoin mining company Riot Platforms reported a record high annual revenue for 2024, primarily driven by an increase in its mining income. Riot's total revenue for 2024 reached $376.7 million, a year-on-year increase of 34.2%. Last year, its net income expanded to $109.4 million, while the net loss for 2023 was $49.4 million.

ChainCatcher news, according to The Block, mining company Riot released its financial report, with total revenue of $376.7 million in 2024, a year-on-year increase of 34.2%.Last year, the company's net income expanded to $109.4 million, while the net loss for 2023 was $49.4 million.

ChainCatcher news, Bitcoin mining company Riot Platforms announced the appointment of three new directors aimed at exploring potential opportunities in the fields of artificial intelligence (AI) and high-performance computing (HPC). The new directors include former Oxford Properties President Michael Turner, former Hut 8 Mining CEO Jaime Leverton, and data center development expert Doug Mouton, who has worked at Microsoft and Meta.Riot plans to utilize its Corsicana facility in Texas for AI workloads and has hired investment banks Evercore and Northland Capital Markets to assist with the transformation. This move aligns with industry trends, as Bitcoin mining companies are seeking to develop new revenue streams, such as hosting AI servers, in the context of rising energy costs and decreasing mining rewards. According to previous reports, Riot's competitor Core Scientific has been building AI infrastructure since 2019.

ChainCatcher news, Cycle Network has officially launched the Symbiotic mainnet, utilizing Verifiable State Aggregation (VSA) technology to build an efficient chain abstraction infrastructure. By combining Symbiotic's shared security model, Cycle provides users with a more secure and capital-efficient chain abstraction solution.Its unique three-layer architecture ensures the security of full-chain aggregated state verification, supporting over 20 blockchain networks, significantly simplifying cross-chain interactions while reducing capital requirements. Cycle will focus on expanding the supported blockchain networks, optimizing developer tools, and further promoting the development of Web3 applications.

ChainCatcher news, mining company Riot Platforms mined 527 bitcoins in January, a month-on-month increase of 2%, marking the highest monthly output since December 2023.In contrast, other major mining companies generally experienced a decline in output, with Marathon down 13% to 750 coins, and CleanSpark down 6% to 626 coins.

ChainCatcher news, according to Jinshi Data, hedge fund Elliott warns that the Trump administration's support for cryptocurrencies has fueled speculative frenzy, which could cause "serious damage" when prices plummet. An investor letter shows that the $70 billion asset firm has pointed its finger at the U.S. government's significant enthusiasm for assets that have skyrocketed in price but have "no substance," as well as politicians who support cryptocurrencies.Elliott wrote that the fund has "never seen a market like this," with the AI boom and high stock market valuations being signs that investors are "acting like a bunch of sports gamblers." Cryptocurrencies are the "starting point" of the entire market's speculative frenzy, not only because their scale has expanded but also because they are "close to the White House." The "inevitable collapse" of the cryptocurrency bubble "could cause serious damage in ways we cannot foresee."It is worth mentioning that Elliott founder Paul Singer is a long-time donor to the Republican Party, having donated $56 million to conservative candidates in the 2024 election cycle.

ChainCatcher news, according to Jinshi reports, on January 31 local time, two insiders stated that U.S. Acting Attorney Ed Martin fired about 30 federal prosecutors who had been handling the January 6 "Capitol Riot" case in the Washington D.C. office for the past four years.The report stated that these prosecutors received their termination notices on the same day. This layoff accounts for approximately 8% of the total number of prosecutors in that office. This decision will impact the civil, appellate, superior court, and violent crime divisions of the office.

ChainCatcher news, according to official sources, the network instability caused by a DoS attack on the IoTeX network has now been restored. IoTeX L1 has completed the upgrade to version 2.1.2, which introduces single-account rate limiting to protect nodes from DoS attacks.This upgrade is not a hard fork, but IoTeX officials still recommend that node operators and API gateways synchronize network upgrades to enhance overall network stability.

ChainCatcher message, according to Bithumb's announcement, due to the suspension of IoTeX (IOTX) network block generation (computer failure), Bithumb has suspended IOTX deposits and withdrawals as of January 31, 2025, at 18:45 (Korean time).Deposit and withdrawal services will resume once the network stabilizes, and the specific time will be notified separately. During the suspension, users can still trade normally, but should be aware of market volatility risks.

ChainCatcher news, Riot Platforms Vice President of Research Pierre Rochard pointed out that the biggest obstacle to the Bitcoin Strategic Reserve (SBR) plan does not come from the Federal Reserve, the Treasury, banks, or Elizabeth Warren, but from Ripple/XRP. Ripple is spending millions of dollars on lobbying efforts to try to obstruct the advancement of the U.S. Bitcoin Strategic Reserve (SBR) plan.Ripple CEO Brad Garlinghouse countered that the company's actions are actually increasing the likelihood of implementing a strategic reserve that includes Bitcoin, aligning with Trump's campaign promise to support American businesses and technology. Pierre questioned whether Garlinghouse himself genuinely holds XRP, implying that he is only selling the tokens. Pierre also pointed out that Ripple had previously targeted the Bitcoin mining industry during the Biden administration using similar tactics, aiming to promote a CBDC based on its platform.

ChainCatcher message, according to the announcement image jointly released by multiple ecological projects such as ether.fi, Mellow, and Gauntlet, the staking protocol Symbiotic is expected to launch on the mainnet within this month.

ChainCatcher news, U.S. stock market opens, Dow Jones rises by 0.36%, S&P 500 index rises by 0.47%, Nasdaq rises by 0.53%. The day after Trump's inauguration, Trump Media & Technology Group (DJT.O) falls by 6.58%, Tesla (TSLA.O) rises by 0.72%.In terms of cryptocurrency concept stocks, Coinbase rises by 1.79%, MicroStrategy falls by 0.53%, Riot Platforms rises by 6.87%.

ChainCatcher news, VanEck's Director of Digital Asset Research Matthew Sigel disclosed that Bitcoin mining company RIOT announced the suspension of its expansion plan for the world's largest Bitcoin mining facility, located in Corsicana and sized at 600 MW, and is accelerating discussions with potential partners in the artificial intelligence/high-performance computing (AI/HPC) field.The company expects capital expenditures to decrease by $245 million in 2025.