hodler

16 Apr 2026, 09:18

Allbirds sparks vertical stock rally with AI compute pivot

Allbirds, Inc. (Nasdaq: BIRD) is one of the latest stocks to rally after announcing an AI fleet of GPUs. The company is also a test of the AI pivot narrative and its sustainability. Allbirds, Inc. (Nasdaq: BIRD) is trading at a one-month high after a near-vertical rally. The stock spiked to $21.95 in the past week, later retreating to $16.99. Allbirds, Inc. (Nasdaq: BIRD) rallied after years of stagnant prices after announcing a pivot to AI, while divesting its shoe brand and related assets to the American Exchange Group. | Source: Google Finance All it took for Allbirds to rally after three years of stagnant trading was the announcement of an AI facility. The company was immediately in the spotlight, in a narrative arc similar to Rivian (Nasdaq: RIVN) . Yet the pivot for Allbirds is even more dramatic, given it started out as a sustainable shoe company, catering to the millennial aesthetic and dedicated to natural materials. Now, Allbirds has joined the list of AI data center and GPU fleet entities, competing with the recent pivot of major Bitcoin mining companies. The company has agreed to sell all its shoe brands and assets to American Exchange Group, a private company. Is the Allbirds rally sustainable? The Allbirds rally is only a few days old, but BIRD may be gaining meme status . Despite the brand’s influence, the BIRD stocks will have to fight for a second chance after their 2021 IPO at $4B valuation. The company achieved quarterly revenues of over $30M on average, with net losses of $15M to $20M over the past three reported quarters. Allbirds was still moving within expectations but lacked the initial hype as a cult brand. The AI announcement was the factor that boosted BIRD trading by 875 times its usual daily volumes. The company announced a $50M investment in GPUs, and the actual facility is expected to launch later this year. Allbirds has set out a bid to become a long-term AI company, complete with a rebranding to NewBird AI. The $50M investment comes from a recently negotiated financing facility, which will be finalized in Q2. As the company has shown commitment to growing its AI compute influence, BIRD may benefit from the growing activity and general interest. In the short term, however, BIRD has behaved as a meme stock. Allbirds sparks talk of AI peak Until recently, the AI pivot narrative was the main offramp for crypto mining companies. Giants like Riot Platforms and Mara Holdings used their available electricity contracts and experience with mining farms to upgrade to AI compute centers. The shift from a shoe company to AI compute provider is seen as an attempt to revive a company’s relevance and stock price. Currently, BIRD is also facing significant short open interest, at over 18% of the float and less than half a day of supply to cover. BIRD may extend its rally on a short squeeze, but may still face headwinds as the AI narrative is not enough to support the stock, and the actual data center construction is months away. There’s a middle ground between leaving money in the bank and rolling the dice in crypto. Start with this free video on decentralized finance .

16 Apr 2026, 07:55

Bitcoin Miners Execute Staggering 61,000 BTC Sell-Off as Market Cycle Intensifies

BitcoinWorld Bitcoin Miners Execute Staggering 61,000 BTC Sell-Off as Market Cycle Intensifies Bitcoin mining companies have executed a substantial divestment of their holdings, selling approximately 61,000 BTC since the current market cycle began, according to recent on-chain data analysis. This significant reduction in miner reserves represents a notable shift in behavior among key network validators. Consequently, market analysts are closely monitoring the potential implications for Bitcoin’s supply dynamics and price stability. The trend highlights the evolving financial strategies of major mining operations globally. Bitcoin Miner Reserves Experience Sharp Decline On-chain analytics firm CryptoQuant reported a consistent downward trajectory in Bitcoin holdings controlled by miners. Specifically, aggregate miner reserves have decreased from roughly 1.862 million BTC to 1.801 million BTC. This net reduction of 61,000 BTC signifies one of the more pronounced sell-offs in recent cycles. Importantly, miner reserves represent Bitcoin held in wallets directly associated with mining entities, not yet sent to exchanges or sold. Therefore, a decline typically indicates coins are being moved for operational expenses, profit-taking, or strategic treasury management. Historically, miner selling pressure can influence market sentiment. For instance, sustained selling often coincides with periods of increased volatility. However, analysts note that Bitcoin’s liquid supply remains constrained overall. Furthermore, the sell-off occurs alongside continued institutional adoption through spot ETFs. This creates a complex interplay between new demand and miner supply. The data provides a crucial, real-time indicator of network health and participant economics. Major Public Mining Firms Lead the Sell-Off Publicly traded mining companies have been particularly active sellers, according to disclosures and on-chain tracking. These entities face quarterly reporting requirements and shareholder expectations, which often influence their treasury strategies. Notably, Marathon Digital Holdings (MARA) sold approximately 13,210 BTC during this period. Similarly, Riot Platforms divested around 4,026 BTC, and Core Scientific sold about 1,992 BTC. These three firms alone account for a significant portion of the reported net sales. The table below summarizes the disclosed sales from major public miners: Mining Company BTC Sold (Approx.) Marathon Digital (MARA) 13,210 BTC Riot Platforms 4,026 BTC Core Scientific 1,992 BTC Several factors drive this corporate selling behavior. Primarily, these include: Capital Expenditure: Funding new facility construction and hardware upgrades. Operational Costs: Covering significant energy expenses and overhead. Profit Realization: Locking in gains after the 2023-2024 price appreciation. Balance Sheet Management: Maintaining corporate liquidity and debt obligations. Consequently, the actions of public miners provide transparency into broader industry trends. Their need for fiat currency to fund growth is a persistent structural feature of the mining ecosystem. Analyzing the Impact on Bitcoin Market Dynamics The movement of 61,000 BTC from miner wallets represents a measurable increase in potential selling pressure. To contextualize, this amount is equivalent to roughly 0.3% of Bitcoin’s total circulating supply. While not catastrophic, it introduces a steady source of supply onto the market. Typically, miners sell their block rewards to cover operational costs. However, a drawdown from existing reserves suggests additional strategic motives may be at play. Market impact depends heavily on absorption capacity. Currently, daily spot Bitcoin ETF inflows in the United States have regularly exceeded the value of miner sales. For example, on many days in early 2025, net ETF inflows surpassed $200 million, while daily miner sales were a fraction of that. This demand from financial products can effectively neutralize the sell-side pressure from miners. Nevertheless, the trend warrants monitoring, especially if ETF demand wavers or miner selling accelerates. Historical Context and Cycle Analysis Examining previous Bitcoin cycles reveals patterns in miner behavior. Often, miners accumulate during bear markets when prices are low and operational margins are thin. Conversely, they tend to distribute during bull markets to secure profits and fund expansion. The current sell-off aligns with this historical pattern, following a substantial price recovery from the 2022 lows. Therefore, the activity is not necessarily a bearish signal but a normal function of the mining industry’s capital cycle. Expert analysts from firms like Glassnode and CoinMetrics have published research showing miner outflow metrics often peak before major market tops. This occurs as miners attempt to sell at favorable prices. The current outflow volume, while significant, remains below extreme levels seen in prior cycle peaks. This suggests miners may be conducting a measured distribution rather than a panic sell-off. Continuous on-chain surveillance provides the data needed to gauge these nuances. Conclusion The reported net sale of 61,000 BTC by Bitcoin miners marks a pivotal development in the current market cycle. Major public mining firms are leading this strategic divestment to fund operations and growth. While this introduces new supply, robust institutional demand through vehicles like spot ETFs has so far provided a counterbalance. Understanding miner behavior remains crucial for assessing Bitcoin’s supply-side economics. Ultimately, the health of the mining sector is intrinsically linked to the security and stability of the entire Bitcoin network. FAQs Q1: What are Bitcoin miner reserves? Miner reserves refer to the total amount of Bitcoin held in wallets controlled by mining entities. These are coins earned as block rewards but not yet sold or transferred to exchanges. Q2: Why are miners selling their Bitcoin now? Miners typically sell to cover high operational costs (like electricity), fund capital expenditures for new equipment, realize profits after price increases, and manage corporate treasury needs, especially for public companies. Q3: Does miner selling always cause the Bitcoin price to drop? Not necessarily. Price impact depends on market demand. If buying demand (e.g., from ETFs, institutions) exceeds the selling volume from miners, the price can remain stable or even rise despite the sell-off. Q4: How significant is a 61,000 BTC sell-off? It is a notable amount, representing about 0.3% of total supply. While it adds selling pressure, it is not unprecedented and is a known part of Bitcoin’s economic cycle where miners convert earned coins into fiat. Q5: Where can I track Bitcoin miner reserve data? On-chain analytics platforms like CryptoQuant, Glassnode, and CoinMetrics provide real-time data and charts on miner reserves, flows to exchanges, and other relevant network metrics. This post Bitcoin Miners Execute Staggering 61,000 BTC Sell-Off as Market Cycle Intensifies first appeared on BitcoinWorld .

15 Apr 2026, 18:42

Bitdeer production surges to 661 bitcoin, up 480 percent

🚀 Bitdeer mined 661 bitcoins in March, up 480 percent year-on-year. Bitdeer leads bitcoin mining with a hashrate of 70 EH/s. Continue Reading: Bitdeer production surges to 661 bitcoin, up 480 percent The post Bitdeer production surges to 661 bitcoin, up 480 percent appeared first on COINTURK NEWS .

15 Apr 2026, 15:49

AI Pivot Pushes Bitcoin Miners Toward a 70% Revenue Milestone

The companies that built billion-dollar businesses mining Bitcoin are on track to generate most of their revenue from artificial intelligence by the end of the year — a milestone that marks an entire industry’s pivot away from the cryptocurrency that created it.

15 Apr 2026, 13:34

Canaan's Bitcoin holdings reaches record 1,808

More on Canaan Canaan signals $60M–$70M Q1 2026 revenue target amid strategic shift to power infrastructure and disciplined expansion Canaan reports January 2026 bitcoin mining update Seeking Alpha’s Quant Rating on Canaan

15 Apr 2026, 10:39

What Are the Best Crypto Cards to Spend Bitcoin & Altcoins in 2026?

Cryptocurrencies are often primarily seen as an investment vehicle. This is not wrong but it would also be inaccurate to say that crypto is only an asset class for trading and holding for the long term. 2025 taught us that cryptocurrencies, via stablecoins, transitioned into a full fledged payment settlements rail. For everyday transactions, crypto is increasingly being used not just to invest, but to spend. How Do Crypto Cards Work? The easiest method to off ramp crypto into a local currency and spend today is through crypto cards. These are debit cards that bridge crypto wallets, exchanges and traditional payment networks like Visa and Mastercard. These cards not only make it extremely easy and efficient to spend your crypto but oftentimes also reward users with cashback. Integrations with Visa and Mastercard enable seamless payment across millions of merchants worldwide. As spending volumes on crypto cards increase year on year, this is a trend worth watching closely in 2026. This article highlights some of the top crypto cards available on the market today. Each of these cards on the list are categorized based on the type of user it may be most relevant for. What Are the Best Crypto Cards in 2026? The best crypto cards in 2026 include: COCA Card – Best overall crypto card Oobit – Best Non-Custodial Crypto Card Ether.fi : Best DeFi-Native Crypto Card Coinbase Card – Best for beginners Wirex Card – Best for EU users Nexo Card – Best hybrid credit-style card COCA Card – Best Overall Crypto Card Why it ranks #1 COCA offers a Visa-branded crypto card designed to make spending stablecoins as seamless and rewarding as spending cash at millions of merchants worldwide. Users can tap into everyday purchases and earn one of the most competitive reward rates in the space of up to 8% cashback paid directly in stablecoins (USDT, USDC or EURC). Unlike many competitors that reward users with native tokens or points, COCA’s cashback effectively removes exposure to volatility and can be used instantly. COCA’s crypto card is paired with a fully non-custodial wallet, meaning there’s no third party holding or managing their crypto all while providing one of the best stablecoin rewards structures. The COCA card is live and trusted by over 1 million users globally, supported by and an active telegram community and ecosystem partners like Stellar, FunFair and Wirex. Key Features The COCA card allows users to spend their crypto anywhere where Visa is accepted, both online and in physical stores, while charging no joining, annual or monthly fees. Card transactions incur zero foreign-exchange fees and users can also withdraw cash with no ATM fees for amounts up to $200 per month. In addition, COCA offers free virtual card issuance, making it easy for users to start spending immediately. Other than everyday payments, COCA extends its utility to lifestyle benefits. Users receive 50% cashback on popular subscriptions like Netflix, Spotify, Amazon Prime and ChatGPT, along with discounts of up to 65% on hotel booking through COCA Travel, supplemented by additional cashback on stays. Funds held on the card can also earn up to 6% APY on stablecoin balances, with no lockups and full liquidity at all times. The platform also enables zero-fee token swaps across more than 15 blockchains, using smart routing to achieve optimal execution. Looking ahead, COCA plans to introduce fiat deposits and withdrawals, card to card transfers and dynamic APY features, further expanding its financial toolkit. Best For The COCA Card is best suited for users who want to spend stablecoins in real-world settings while retaining self-custody, earning meaningful rewards, and benefiting from a low-fee, globally accepted Visa payment experience. Oobit – Best Non-Custodial Crypto Card Why it stands out Oobit is far more than a traditional cryptocurrency card designed to remove the friction between self-custody wallets and real-world spending. Backed by Tether, the platform enables payments across Bitcoin, Ethereum, stablecoins, and an expanding portfolio of leading digital assets at over 150 million Visa merchants globally. Crucially, users can pay with crypto without giving up custody of their assets until the moment of purchase. In practice, this means users can make everyday payments directly from their self-custodial wallets, retaining full control over their funds, with no need for merchants to integrate new payment systems. As Oobit’s pay functionality acts as a bridge between private wallets and everyday payments, this allows crypto to be used as easily as mobile wallets like Apple and Google Pay. Users can also earn up to 10% cashback in eligible token, making it one of the highest reward offerings among crypto payment solutions in 2026. Key Features Self-Custody Payments Most crypto cards force users to transfer funds to a custodial wallet first. Extra step. Extra risk. Extra friction. Oobit connects directly to external self-custody wallets. MetaMask. Trust Wallet. Phantom. Users spend crypto instantly. No transfers. No custodial balance. Full control until the moment of payment. Global Merchant Acceptance Oobit payments work at millions of Visa terminals worldwide. In-store. Online. Real-time crypto-to-fiat conversions mean merchants receive local currency. No additional integration required. Seamless for users. Frictionless for businesses. Instant Peer-to-Peer Transfers Oobit Pay 2.0 enables users to send and receive 40+ cryptocurrencies globally using only a mobile phone number. Transfers between Oobit users are free, bypass blockchain network fees, and settle in 1–3 seconds. Crypto transfers as fast as sending a text. Under the hood, Oobit is powered by DePay’s decentralized payment protocol , a Web3-native infrastructure layer that enables direct wallet-to-merchant crypto transactions. Built on smart contract architecture across networks including BNB Chain and Polygon , DePay facilitates secure, non-custodial payments initiated directly from users’ self-custodial wallets. When a transaction is authorized, the payment is executed on-chain from the user’s wallet. The crypto is then converted and settled through traditional Visa rails, enabling seamless payments at over 150 million merchants worldwide without requiring merchants to integrate crypto-native payment infrastructure. This hybrid architecture bridges decentralized blockchain networks with global card schemes, preserving user custody until the moment of payment while enabling real-world usability at scale. Together, these capabilities position Oobit as a Web3-native payment ecosystem built around decentralized settlement, non-custodial spending, and global acceptance. Best For The Oobit app is best suited for users who want to spend crypto directly from self-custody wallets without preloading funds, while earning high cashback rewards and enjoying a seamless Tap-to-Pay experience across Visa’s global merchant network. Ether.fi : Best DeFi-Native Crypto Card Why it stands out The Ether.fi Cash Card is built by one of the largest liquid staking protocols in the space that has over $5 billion in Total Value Locked (TVL). That DeFi-native footprint shows up in how the card actually works. Users hold their funds in a self custodial Gnosis Safe wallet rather than handing over control or their assets to a centralized party. There are other non-custodial crypto card offerings on this list but what makes this different is that in the point of purchase most crypto cards, including non custodial ones, convert your crypto holdings into fiat the moment you swipe or tap to pay. This essentially means you’re selling. With Ether.fi ’s Borrow Mode, your crypto stays in the vault, continues to earn yield and acts as collateral for a credit line. Since you’re borrowing against the crypto held rather than selling, this also avoids triggering a tax event. Apart from this, there is also the Direct Pay mode which works as a standard debit function, drawing directly from stablecoins held in the vault. This dual structure means long-term holders can preserve their crypto exposure, continue earning staking rewards and still access liquidity for everyday spending. Key Features The card offers 3% cashback on all purchases across every membership tier, paid out in wETH. There’s no annual fee regardless of which tier you’re on. For users who opt into Borrow Mode, the current promotional rate is 0% APR on borrowed funds through Q2 2026, after which it reverts to floating market rates tied to AAVE. The card also comes with full Visa Signature benefits, including $2,000 in price protection, $10,000 in purchase protection, global rental car insurance and access to Visa’s concierge services. On the fee side, non-USD transactions carry a 1% foreign exchange fee and ATM withdrawals cost 2%. The card works with Apple Pay and Google Pay, and is built on Scroll’s zk-rollup infrastructure which keeps on-chain transaction costs below one cent. There are four membership tiers in total (Core, Luxe, Pinnacle and VIP), each unlocking higher daily spending limits, more virtual cards and additional perks like crypto conference lounge access as users move up. Best For The Ether.fi Cash Card is well suited for DeFi-native users who want to maintain full custody of their assets while still having access to real-world spending power. The ability to borrow against crypto without triggering a taxable sale event is a major draw for holders looking to stay long on their positions. That said, Borrow Mode does require users to understand collateral ratios, liquidation thresholds and interest mechanics. If the value of collateral drops too far, there’s a risk of automatic liquidation. For users less familiar with lending protocols, the Direct Pay debit mode offers a simpler path. The card is available across most of Europe, Asia, South America and select U.S. states, though notable exclusions include India, Netherlands, Turkey and around 20 U.S. states. Availability continues to expand, so users should check the official site for the latest supported regions. Coinbase Card – Best for Beginners Why it’s included Coinbase as a crypto exchange is known for its simplicity and user friendly interface. This design thinking extends to its crypto card service as well. For beginners looking to use crypto cards, coinbase offers a visa debit card that links directly to a users’ coinbase wallet. There is minimal setup and no staking requirements. Accessibility is a strong point for the Coinbase Card as it is available across key markets. It is currently available in the United States (all states except Hawaii) and many European countries including Austria, Belgium, France, Germany, Italy, Spain and others. Limitations Although users can earn rewards on purchases, the rates are lower compared with tiered reward systems like Crypto.com ’s structure. Another drawback is that in many markets, a conversion spread applies every time crypto is sold to fund a purchase or ATM withdrawal, which essentially increases the cost of transactions relative to flat-fee cards. Wirex Card – Best for EU Users Why it works The Wirex platform is built as an everything app where users can grow, borrow and spend their crypto. The Wirex crypto debit card is widely available across Europe, including the UK and many EU member states. Users can earn instant rewards of up to 8% cashback on everyday spending. Apple pay and google pay integration also enables tap and pay functionality across merchants worldwide. One of its core strengths is its multi-currency account model. Users can hold, convert and spend a variety of both cryptocurrencies and fiat currencies within one wallet. Nexo Card – Best Hybrid Credit-Style Crypto Card Why it’s different This list thus far has highlighted some of the top crypto debit cards. The Nexo Card, however, stands out because it offers both a credit and debit mode in one crypto payment card. In the credit mode, users can make everyday purchases using funds drawn from a crypto-backed credit line rather than having to sell their digital assets. The crypto you hold acts as collateral for the credit line, allowing you to spend fiat without selling your crypto. Therefore, the Nexo can function like a credit card but with your crypto value behind it. This gives users access to liquidity while keeping their longer term positions intact. While there is an in-built debit mode, the credit feature is inherently more complex. Users must understand how borrowing works, how collateral affects credit availability and how repayments and interest are factored in. Top 6 Crypto Cards Compared Card Network Rewards Fees Best For COCA Card Visa ⭐⭐⭐⭐⭐ Low Overall Oobit Visa ⭐⭐⭐⭐⭐ Low Non-custodial spending Ether.fi Cash Card Visa ⭐⭐⭐⭐⭐ Low DeFi users Coinbase Card Visa ⭐⭐⭐ Medium Beginners Wirex Card Visa ⭐⭐⭐⭐ Low EU users Nexo Card Mastercard ⭐⭐⭐⭐ Variable Credit-style use