nydig

According to a report by Cointelegraph, NYDIG stated that Bitcoin's dominance has risen to over 60%, and during the market correction, funds have consolidated into BTC, currently stabilizing around 59%.

According to Cointelegraph, NYDIG's research director Greg Cipolaro stated in his latest report that the inflow of funds into cryptocurrency ETFs and the demand for DAT had previously driven Bitcoin to an all-time high, but now they are causing its price to decline. He pointed out that the liquidation event at the beginning of October triggered a reversal of ETF funds, a sharp drop in DAT (DAT) premiums, and a decline in stablecoin supply, indicating that funds are flowing out of the system.Spot Bitcoin ETFs were once the most prominent success story of this cycle, but they have now become a hindrance to Bitcoin's development. However, global liquidity, macro news, and other factors still influence Bitcoin. During periodic pullbacks, Bitcoin's dominance often rises, as funds flow back to the most mature assets. Currently, Bitcoin's dominance has fallen from over 60% in early November to about 58%. DAT and stablecoins were once significant sources of Bitcoin demand, but now the compression of DAT premiums and the decline in stablecoin supply suggest that investors are withdrawing liquidity.Cipolaro believes that even if the market pullback deepens, there is still room for buffering in the DAT space, and there are currently no signs of financial distress. Despite the recent pullback, Cipolaro remains optimistic about Bitcoin's long-term prospects, believing it is gaining institutional favor, with increasing sovereign interest and a solidified role. However, he cautions that cyclical narratives are emerging, and investors should prepare for the worst, as the road ahead may be fraught with challenges.

ChainCatcher news, according to Coindesk, the transparency and quality of the reserve proof report for the stablecoin USD1 issued by the crypto company World Liberty Financial, which is deeply involved with the Trump family, has been called into question.NYDIG analysts pointed out that although USD1 claims to be fully backed 1:1 by cash equivalents such as U.S. Treasury bonds, the current proof report released does not meet industry-leading transparency standards and requires further improvement. Previously, due to Trump's political influence and his family's close financial ties to the company, the USD1 project has raised serious concerns among U.S. senators regarding conflicts of interest and national security risks.

ChainCatcher news, according to Theminermag, Nasdaq-listed Bitcoin mining company IREN stated in its annual report that it will pay $20 million to NYDIG to resolve disputes arising from defaults on Bitcoin mining equipment loans over the years.The settlement agreement was first reached in August, involving IREN's overdue debt of $107.8 million at the end of 2022, including interest and late fees. These loans were arranged through NYDIG in 2021 to finance approximately 35,000 Antminer S19 mining machines. IREN stated that the settlement agreement ends all related lawsuits and protects its subsidiaries, executives, and shareholders from further claims, and is currently awaiting court approval for formal closure.

ChainCatcher news, according to Crowdfundinsider, the latest research report from the New York Digital Investment Group (NYDIG) points out that amidst the current economic uncertainty, Bitcoin is beginning to exhibit characteristics of a non-sovereign store of value.The report mentions that since the so-called "Trump Liberation Day" on April 2, 2025, the US dollar and long-term US Treasury bonds have performed poorly, while gold, the Swiss franc, and Bitcoin have gained favor in the market. While the US stock market has declined, Bitcoin has risen 10.3%, indicating a trend of decoupling from traditional risk assets.NYDIG emphasizes that although this trend is still in its early stages, current data is insufficient to confirm that Bitcoin's role as a safe-haven asset has been widely accepted by the market. However, considering the current structural volatility in the market and the weakening confidence in traditional safe-haven assets, Bitcoin may become one of the choices for investors seeking alternative stores of value.

ChainCatcher news, Bitcoin financial services company NYDIG announced that it has reached a final agreement to acquire Crusoe's Bitcoin mining business. The acquisition includes 270 megawatts of power generation technology that can convert associated natural gas into mining power. After the transaction is completed, the Crusoe team will be integrated into NYDIG's power and Bitcoin mining division, and both parties will continue to maintain strategic cooperation in the AI data center field.NYDIG's parent company Stone Ridge holds 10GW of natural gas assets in the United States, and this acquisition will create synergies with its energy business. Crusoe's "digital emissions reduction" technology has been deployed in over 20 mining sites across 7 states in the U.S. and Argentina. NYDIG founder Ross Stevens stated that this integration will reduce the operational costs of Bitcoin network security while promoting the efficient use of energy resources.

ChainCatcher news, according to Cointelegraph, NYDIG research director Greg Cipolaro stated that putting the U.S. gold reserves on the blockchain would benefit Bitcoin, even though the two assets are not similar to each other.

ChainCatcher news, according to TheMinerMag, claims that Mintvest, a company holding 18.2% of Coinmint's shares, has filed a lawsuit against NYDIG in the U.S. District Court for Puerto Rico. The lawsuit alleges that, based on "information and belief," NYDIG acquired Coinmint for $200 million but failed to pay Mintvest for its share in the company. Mintvest is seeking $36 million in damages from NYDIG.NYDIG declined to comment on the case and did not clarify its investment in Coinmint. However, recent developments suggest that NYDIG may be taking over the idle power capacity at Coinmint's facilities to expand its proprietary mining operations.

According to ChainCatcher, as reported by Blockspace, Bitcoin infrastructure and financial services company NYDIG has acquired Bitcoin mining company Consensus Technology Group (CTG). The news indicates that the deal may be completed in October, with CTG co-founders David Westrop and Joshua Zappala's LinkedIn pages showing they are currently employed at NYDIG, responsible for operations and corporate development strategy, respectively.CTG operates Bitcoin mining facilities in North Dakota, South Dakota, Pennsylvania, and Missouri. In October of this year, NYDIG also invested in Coinmint's Massena mining facility in New York, demonstrating its continued expansion in the mining sector.

ChainCatcher news, according to CoinDesk, NYDIG pointed out that there are fewer "catalysts" driving the recent rise in Bitcoin. September is typically a month of weak performance for Bitcoin prices, but on the bright side, October is usually one of the strongest months for Bitcoin prices.Market data shows that Bitcoin is currently fluctuating around $57,000, having risen over 3% in the past 24 hours.

ChainCatcher news, according to official information, the Arkham platform now supports users in monitoring and viewing NYDIG associated addresses.It is reported that NYDIG is one of the largest asset management companies in the cryptocurrency field, holding over 90,000 bitcoins (approximately $6 billion). Its clients include major trading platforms, top mining companies, and large trading firms, with on-chain transaction volumes exceeding $300 billion, serving entities such as Microstrategy, Cumberland, and Galaxy Digital.

ChainCatcher news, according to News.bitcoin, Bitcoin mining company Greenidge Generation Holdings has sold a 22-acre, 44 megawatt (MW) Bitcoin mining facility in South Carolina to NYDIG, settling $21.8 million in secured debt. The company stated that this move enhances Greenidge's financial stability and liquidity.NYDIG is a subsidiary of Stone Ridge Holdings Group, providing a range of services including Bitcoin (BTC) custody, financial solutions, infrastructure, and BTC mining operations. By acquiring the facility, NYDIG can further integrate its mining operations and enhance its infrastructure.

ChainCatcher news, under the leadership of CEO John J. Ray III, FTX debtors earlier shared plans to restart the cryptocurrency exchange FTX. Last Friday, FTX released the names of parties allowed to sell company assets under Chapter 363 of the U.S. Bankruptcy Code.According to court documents filed on June 22 in the Delaware bankruptcy court, FTX's consulting firm Alvarez & Marsal published a list called "363 Sale Parties." This represents entities interested in the FTX 2.0 reboot, which have been contacted and signed confidentiality agreements to seek more details about the restructuring and the exchange's relaunch.Notable companies among the 363 Sale Parties include Nasdaq, Ripple Labs, Galaxy Digital, BlackRock, Tribe Capital, Robinhood, NYDIG, and OKCoin. However, this is not an exclusive list of potential buyers or investors, but rather parties interested in the cryptocurrency exchange.FTX debtors plan to conduct the sales process in the third or fourth quarter of this year and select a "first bidder." One of these companies is likely to become the first bidder.The companies also plan to invest in FTX 2.0, and John J. Ray III's team is working on the bidding process letters, interested parties, market makers onboarding, and the relaunch of FTX Japan. (Source link)

ChainCatcher news, Bitcoin mining company Core Scientific has reached an agreement with lender NYDIG to settle $38.6 million in debt. Core Scientific has agreed to transfer 27,403 mining machines to NYDIG to repay the $38.6 million outstanding debt. At the end of October, it was reported that Core Scientific owed several creditors, including MassMutual, BlockFi, NYDIG, and the parent company of digital asset bank Anchorage Digital, Anchor Labs, approximately $1 billion. A significant portion of Core Scientific's loans was used to fund hardware and infrastructure improvements, most of which began in the second half of 2021, and most of the debt is due in 2025. (Source link)

ChainCatcher news, Bitcoin mining company Greenidge Generation (GREE) has signed a non-binding term sheet with its lender NYDIG to restructure $74.7 million in debt. According to the agreement, NYDIG will purchase Greenidge's Bitcoin mining machines with a hash rate of 2.8 EH/s, and NYDIG will agree to reduce the debt by approximately $57 million to $68 million. (source link)

ChainCatcher news, Bitcoin mining company Core Scientific stated in a report submitted to the U.S. Securities and Exchange Commission that it expects its existing cash to be depleted by the end of 2022 or earlier. Currently, Core Scientific is exploring potential strategic alternatives, such as hiring strategic advisors, raising additional capital, or restructuring its existing capital structure.In October, Core Scientific sold 2,285 bitcoins at an average price of $19,639, generating total proceeds of $44.8 million. The company's mining operations produced 1,295 bitcoins in October. As of October 31, 2022, Core Scientific held 62 bitcoins and approximately $32 million in cash.At the end of October, Core Scientific was reported to owe several creditors, including MassMutual, BlockFi, NYDIG, and the parent company of digital asset bank Anchorage Digital, about $1 billion. A significant portion of Core Scientific's loans was used to fund hardware and infrastructure improvements, most of which began in the second half of 2021, and most of the debt is due in 2025. (source link)

ChainCatcher news, according to The Block, Bitcoin mining company Core Scientific (CORZ) owes several creditors, including MassMutual, BlockFi, NYDIG, and the parent company of digital asset bank Anchorage Digital, Anchor Labs, about $1 billion. A significant portion of Core Scientific's loans was used to fund hardware and infrastructure improvements, most of which began in the second half of 2021, and most of the debt will mature in 2025.Previously, ChainCatcher reported that Core Scientific indicated cash resources would be exhausted by the end of 2022 or earlier and would not make payments due at the end of October and early November 2022 related to several of its equipment and other financing (including its two bridge notes). (source link)