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12 May 2026, 13:29

CleanSpark posts $378 million loss as BTC mining costs surge

🚨 CleanSpark reported a $378 million net loss and its shares fell over 9% after the news. This result is mainly from a $224 million drop in its bitcoin asset values and sharply lower revenue. Continue Reading: CleanSpark posts $378 million loss as BTC mining costs surge The post CleanSpark posts $378 million loss as BTC mining costs surge appeared first on COINTURK NEWS .

12 May 2026, 13:15

Could XRP Prices Be Poised for a Super Bull Run? SHR Miner Cloud Mining Emerges as the Most Promising Passive Income Opportunity of 2026

As the U.S. regulatory framework for cryptocurrencies continues to advance, XRP has once again taken center stage in the market. The U.S. Senate Banking Committee has officially scheduled a hearing to consider the CLARITY Act for 10:30 AM ET on May 14. Market observers widely believe that this legislation could serve as a significant catalyst, Continue reading "Could XRP Prices Be Poised for a Super Bull Run? SHR Miner Cloud Mining Emerges as the Most Promising Passive Income Opportunity of 2026"

12 May 2026, 12:02

Bitdeer Technologies reports 372% jump in Bitcoin mining output

More on Bitdeer Technologies Bitdeer Repositioning To Ride The AI Data Center Wave Twenty One Capital sees lowest short interest in April among mid-mega cap firms Why are top crypto stocks RIOT, BTDR, & CIFR under pressure? Seeking Alpha’s Quant Rating on Bitdeer Technologies Historical earnings data for Bitdeer Technologies

12 May 2026, 11:30

XRP To $10? New Thesis Links CLARITY Act To Bank-Scale XRPL Liquidity

A new XRP market thesis is circulating ahead of the Senate markup of the CLARITY Act on Thursday, May 14, 2026, at 10:30 AM ET, with XRP community member and developer Vincent Van Code arguing that regulatory clarity could turn XRP Ledger liquidity from a speculative narrative into institutional market structure. The argument centers on whether legal safe harbor for digital assets would allow major banks and payment networks to use XRPL liquidity pools at production scale. In a post on X, Van Code described the upcoming markup, as a potential trigger for XRP’s institutional use case. He framed the legislation not merely as another policy milestone, but as the missing legal layer for large regulated financial institutions to engage more directly with on-chain settlement infrastructure. Why XRP Needs $10 For Bank-Scale XRPL Liquidity “The digital asset market has spent a decade in beta. This Thursday, May 14, 2026, the CLARITY Act Senate markup provides the final legal API for G-SIBs (Global Banks) to move trillions from static Nostro accounts to the XRPL. By converting Ripples 40B+ Escrow into Protocol-Native Liquidity Pools (LPs), we are witnessing a structural revaluation of XRP from a speculative token to High-Velocity Collateral.” Related Reading: XRP Whales Accused Of Manipulating Liquidity In Major Market Move The core of the thesis is that Ripple’s XRP escrow, long viewed by market participants as a possible source of future sell pressure, could instead become a strategic liquidity reserve if deployed into automated market maker pools. Van Code called this “the mechanical flip,” arguing that escrowed XRP could be used to seed deep pools for institutional corridors rather than simply entering circulating supply through sales. Under his scenario, the CLARITY Act would provide the legal safe harbor required for banks to interact with XRP Ledger-based liquidity. Ripple could then deposit between 5 billion and 10 billion XRP from escrow into pools such as RLUSD/XRP, EURCV/XRP and JPY/XRP. The post argues that this would create a deeper base of bridge liquidity and a stronger market structure for large transfers. “For years, Ripples Escrow was a ‘Sell Pressure’ bug. In the post-CLARITY world, it becomes a Liquidity Feature. The Trigger: CLARITY Act passes -> Banks get Legal Safe Harbor.” Van Code linked the thesis to four institutional corridors he says are already forming around XRPL-compatible settlement flows. These include RLUSD for US dollar treasury and B2B activity, EURCV from Societe Generale for European institutional settlement, JPY-related corridors involving SBI and Kiraboshi, and OUSG from Ondo as yield-bearing collateral. He also cited Mastercard and Societe Generale as examples of participants already connected to on-chain infrastructure, arguing that the missing ingredient is liquidity depth rather than connectivity. Related Reading: Pundit Predicts When The XRP Price Will Rally To $12 The most aggressive part of the thesis is the price logic. Van Code argued that bank-scale settlement requires pools large enough to process major transfers without material slippage. In his example, moving $100 million in a single block with less than 0.1% slippage would require roughly $20 billion in total value locked. That assumption leads to his $10 XRP scenario. At a price of $1.47, he argued, the major pools would require around 18 billion XRP, which he described as mathematically impractical due to liquidity constraints. At $10, by contrast, the same liquidity base would require roughly 2.7 billion XRP, a level he framed as more sustainable for institutional deployment. “The price doesn’t hit $10 because of hype; it hits $10 because the TVL must scale to handle the Mastercard/Bank Volume,” he wrote. At press time, XRP traded at $1.46. Featured image created with DALL.E, chart from TradingView.com

12 May 2026, 09:44

Trump Heads to Beijing for High-Stakes Xi Summit: What It Means for Bitcoin

US President Donald Trump is set to meet his Chinese counterpart, Xi Jinping, in Beijing from May 13 to 15. The visit, which will be Trump’s first return to China since 2017, will reportedly touch on issues such as AI, semiconductors, new trades and investments, as well as Middle East tensions, but for Bitcoin (BTC) and digital asset markets, it also carries some implications. The Crypto Angle Trump imposed tariffs on Chinese imports in his first term and did the same when he came back to the Oval Office in 2025, creating pressure for Chinese mining equipment manufacturers such as Bitmain, Canaan, and MicroBT. The trade tensions also led to a constant see-sawing in BTC’s price, with the flagship cryptocurrency reacting negatively to almost all the threats Trump made to China and several other countries. With all eyes on the upcoming Trump-Xi summit, many in the crypto space are hoping it could lead to China softening its stance on BTC and digital assets in general. There are indeed crypto undertones to the meeting, with several of the 17 executives traveling with the US president having meaningful digital asset exposure. For instance, the CEO of BlackRock, Larry Fink, manages the largest spot Bitcoin exchange-traded fund; meanwhile, Tesla, represented by Elon Musk, owns 11,509 BTC. Visa’s Ryan McInerney and Mastercard’s Michael Miebach are both scaling stablecoin settlement infrastructure, while David Solomon, whose Goldman Sachs recently expanded its crypto trading operations, also made the cut. If the summit eases US-China financial flows, those institutions stand to benefit, and markets would likely price that in quickly. However, according to a May 12 analysis from XWIN Japan, the hopes that the Chinese government may rethink its crypto policy are misguided, considering Chinese authorities recently reinforced restrictions on crypto-related activities, real-world asset tokenization, and yuan-linked stablecoins. As such, direct expansion of mainland Chinese Bitcoin demand remains off the table for now. How It Could Move Bitcoin Mining Another sector that could profit from this meeting includes the Bitcoin mining supply chains, which, although North America dominates in terms of global hashrate growth, are still supplied to a great extent by China. Were the meeting to result in the easing of tensions, it could speed up mining investments and hashrate expansion, which could positively affect the price of BTC. On the other hand, a breakdown would possibly put more pressure on equipment costs and create supply delays for miners globally, hitting Bitcoin in ways that go beyond simple sentiment shifts. At the time of writing, BTC was trading near $81,000, having gained less than 1% in the last seven days, per data from CoinGecko. However, the 30-day picture was much better, as the cryptocurrency was up around 13% in that period. Meanwhile, the macro background heading into the summit is not clean, with oil prices going up by as much as 4% to $105.50 on Monday after US-Iran peace talks stalled. Higher oil feeds inflation expectations, which in turn reduce the probability of Federal Reserve rate cuts, tightening financial conditions for risk assets, including Bitcoin. The post Trump Heads to Beijing for High-Stakes Xi Summit: What It Means for Bitcoin appeared first on CryptoPotato .

12 May 2026, 05:37

MARA Stock Falls After $1.3 Billion Q1 Loss

The company posted a $1.3 billion net loss, largely driven by unrealized losses on its Bitcoin holdings as Bitcoin declined 23% during the quarter. MARA shares fell 3.44% in after-hours trading after the results. The company also sold more than 15,100 Bitcoin worth $1.1 billion in late March and confirmed it is focusing on AI and high-performance computing infrastructure. MARA Holdings Shares Slide Shares in MARA Holdings dropped in after-hours trading on Monday after the company posted disappointing first-quarter earnings that fell short of Wall Street expectations. MARA revealed that revenue for the quarter ending March 31 fell 18% year-over-year to $174.6 million, missing analyst estimates of $192.7 million. The company also posted a net loss of $1.3 billion, which is much wider than the $533.4 million loss reported during the same period last year. Earnings per share came in at a loss of $3.31, underperforming expectations for a $2.20 loss per share. Investors reacted negatively to the earnings release, which sent MARA shares down 3.44% in after-hours trading to $12.93. The decline erased gains from the regular trading session, where the stock climbed 3.48% to close at $13.39. Despite some recovery attempts this year, MARA stock is still down roughly 16% over the past 12 months. MARA share price over the past 24 hours (Source: Google Finance) The company attributed most of its quarterly losses to unrealized losses tied to its massive Bitcoin treasury holdings. MARA currently holds 38,689 Bitcoin, and the cryptocurrency’s 23% decline during the quarter greatly impacted the valuation of those assets. In response to market conditions, the company sold more than 15,100 Bitcoin worth approximately $1.1 billion during the final week of March. Although Bitcoin mining is still MARA’s core business, the company is shifting its focus toward artificial intelligence and high-performance computing infrastructure. Management said the strategy is designed to diversify revenue streams and reduce reliance on volatile cryptocurrency mining economics. MARA’s AI expansion efforts include partnerships with major infrastructure players like Starwood Capital and the acquisition of Long Ridge Energy & Power for $1.5 billion in late April. The company plans to convert certain Bitcoin mining facilities into AI and HPC data centers capable of supporting large-scale computing workloads. According to MARA, its approach involves co-locating AI infrastructure alongside existing Bitcoin mining operations, which allows the company to generate mining revenue in the short term while preserving the flexibility to redirect power capacity toward AI computing as demand grows. The Long Ridge facility alone could eventually support up to 600 megawatts of AI computing capacity. The company also noted that approximately 90% of its non-hosted mining capacity could potentially be repurposed for AI and critical IT workloads in the future. As part of this pivot, MARA stated that it currently has no plans to purchase more Bitcoin mining hardware.