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THE world’s three best-selling makers of bitcoin mining machines – all of Chinese origin – are setting up manufacturing footholds in the United States as President Donald Trump’s tariff war reshapes the cryptocurrency supply chain. Bitmain, Canaan and MicroBT build over 90% of global mining rigs – essentially computers dedicated to number-crunching that produces bitcoin….
KUALA LUMPUR: Mah Sing group Bhd recorded a profit before tax (PBT) of RM91.4 million on the back of revenue of RM649.7 million for the first quarter ended March 31, 2025 (Q1’25), compared to RM82.1 million and RM558.2 million in the same quarter of the preceding year, representing 11.4% and 16.4% improvement respectively. The group…
KUALA LUMPUR: The government’s fiscal reform initiatives, including expanding the Sales and Services Tax (SST) scope and rationalising electricity and diesel subsidies, are aimed at ensuring fiscal sustainability while protecting lower-income groups and essential sectors. Treasury secretary-general Datuk Johan Mahmood Merican said one of the key fiscal reform elements is the Fiscal Responsibility Act, which…
KUALA LUMPUR: TA Global Bhd celebrated a significant milestone recently with the official groundbreaking of the superstructure construction for CloutHaus, marking the launch of one of the most anticipated luxury developments in the heart of Kuala Lumpur City Centre (KLCC). The event, held at the CloutHaus construction site on Jalan P. Ramlee, was officiated by…
Amid the tension in the Iran-Israel conflict, the cryptocurrency market experienced another daily pullback. Bitcoin (BTC), which had just recovered from Friday’s drop, erased its recent gains and recorded a 4.5% dip to the $103,000 mark in the past 24 hours. However, some analysts believe that the flagship crypto is preparing for a big move…
Cathie Wood’s Ark Invest sold a combined 300,108 shares of Circle Internet Group CRCL on Tuesday across three of its ETFs, continuing to take profit for a second day in a row, this time to the tune of $44.7 million. The move came as CRCL closed in New York Tuesday at $149.15 as it continues…
The Ink Foundation, the nonprofit behind layer 2 Ink, is launching its native token INK in an attempt to bootstrap onchain capital markets through a liquidity-first strategy. The token will debut on a decentralized finance (DeFi) lending and trading protocol built on Aave, and distribution will begin via an airdrop to early users. There will…
A key indicator is flashing red for shiba inu (SHIB) as the recent price drop to two-month lows has shaken out leveraged bullish bets. The indicator in consideration is the long-short ratio derived from the perpetual futures market. It measures the number of active longs or bullish bets relative to shorts, providing cues on market…
Bitcoin continues to trade in a range just below its recent all-time high, maintaining a relatively stable price structure despite broader market fluctuations. As of the time of writing, BTC is priced at approximately $105,756, reflecting a 1% drop in the past 24 hours and a 5.4% decline from its record peak of over $111,000…
The Federal Reserve’s (Fed) Open Market Committee, comprising 12 officials, is scheduled to announce its decision on interest rates at 18:00 UTC on Wednesday, followed by Chairman Jerome Powell’s press conference half an hour later. The CME Group’s FedWatch tool indicates that the central bank is again likely to hold ground and keep interest rates…
