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Bitcoin Price Prediction: Major Miner Just Expanded in Texas: Is a Massive BTC Production Surge Coming?

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Bitcoin Price Prediction: Major Miner Just Expanded in Texas: Is a Massive BTC Production Surge Coming?

A major mining manufacturer just made a decisive move in Texas.

Canaan Inc. spent $39.75M in stock to acquire Cipher Mining’s 49% stake in three operational Texas projects, instantly adding 4.4 EH/s to its mining fleet and securing 120 MW of power capacity.

For a company long known as a hardware seller, this marks a clear pivot toward direct Bitcoin production.

This is vertical integration in action. Canaan is no longer just selling ASICs. It is operating them. The deal also brings thousands of its own Avalon rigs back under its control, tightening its grip on both equipment and output.

The Texas location matters. Low power costs within the ERCOT grid make it one of the most competitive mining regions in the U.S. Locking in that energy exposure signals confidence in long term network profitability.

The timing is notable. While some miners have recently sold down BTC reserves to manage liquidity, Canaan is expanding capacity instead. That suggests management sees value in increasing production rather than reducing exposure.

Bitcoin Price Prediction: The Major Support Held, Now Send It?

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Bitcoin just bounced cleanly off the $64,000 support. That level did its job for now.

This is the decision point.

Source: BTCUSD / TradingView

If BTC builds momentum here and stays above the descending trendline, the next target sits around $71,000. Clear that, and $80,000 opens up, with $90,000 back on the table if continuation follows.

But if this bounce fades and price rolls over again, a second test of $64,000 becomes dangerous. Support levels weaken with repeated hits.

A clean break below would likely drag BTC toward $60,000, where the broader macro base sits.

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New Bitcoin Presale Brings Solana Technology to The BTC Blockchain

Bitcoin Hyper ($HYPER) is a new presale built to make Bitcoin faster and cheaper to use.

This Bitcoin-focused Layer-2, powered by Solana technology, brings speed, lower fees, and real on-chain functionality while preserving Bitcoin’s core security.

It takes Bitcoin from being just a chart you watch all day and turns it into something you can actually use, payments, staking, real apps, the whole thing.

And this is not just hype. The Bitcoin Hyper presale has already raised over $31 million, with $HYPER sitting at $0.0136751 before the next price jump.

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Staking rewards are going up to 37% right now, which definitely grabs attention.

If Bitcoin explodes, Bitcoin Hyper moves with it. If Bitcoin keeps moving sideways, Bitcoin Hyper still benefits from activity on the network. Either way, it is not just sitting there waiting for candles to move.

To buy HYPER before it lists on exchanges, simply visit the official Bitcoin Hyper website and connect a wallet (such as Best Wallet).

Visit the Official Bitcoin Hyper Website Here

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The post Bitcoin Price Prediction: Major Miner Just Expanded in Texas: Is a Massive BTC Production Surge Coming? appeared first on Cryptonews.

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Crypto World

SEC Approves Nasdaq Tokenization Trading Trial

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Nasdaq, SEC, Tokenization

Nasdaq has been given the regulatory green light to offer some tokenized stocks, which will trade alongside traditional securities on its exchange.

The US Securities and Exchange Commission on Wednesday approved Nasdaq’s pilot proposal to support the trading of tokenized versions of stocks and other securities.

Nasdaq first filed its proposal in September that sought to allow trades on high-volume stocks in either a traditional or tokenized form on the same exchange in a pilot with the key market infrastructure firm, Depository Trust Company.

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The tokenized stocks would trade alongside their traditional counterparts on the same order book, at the same price, with the same ticker and identifying number and carry the same rights.

Tokenization, where an asset is represented on a blockchain, has seen a recent boom as major financial firms have tested the technology to shrink settlement times and experiment with longer trading hours.

Eligible participants can trade top tokenized stocks

According to the SEC’s approval filing, only “eligible participants” are to take part in the tokenization pilot and can choose whether to trade a traditional or tokenized stock.

The options for tokenized stock are limited to securities that trade in the Russell 1000 Index, which tracks the 1,000 largest publicly-traded companies in the US by market capitalization, along with exchange-traded funds tracking the S&P 500 and Nasdaq-100 indices.

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Nasdaq, SEC, Tokenization
An excerpt of some of the key similarities between tokenized and traditional stocks under the Nasdaq’s pilot. Source: SEC

The SEC noted the Nasdaq’s proposal received feedback with concerns around market surveillance and diverging prices, which it said was later allayed by an amendment laying out more details.

Related: SEC’s ‘Crypto Mom’ calls for simpler disclosure rules, flags tokenization debate

The approval comes after the Nasdaq announced earlier this month that it had partnered with crypto exchange Kraken to allow its clients to move securities from its infrastructure to tokenized versions that can be used on blockchains and to allow public companies to create and issue their own tokenized shares.

New York Stock Exchange owner the Intercontinental Exchange has also set its sights on tokenization, and invested in crypto exchange OKX in early March to launch tokenized stocks.

SEC Chair Paul Atkins said on Tuesday that the agency would soon be seeking public comment on a range of crypto-related exemptions, including a “fundraising exemption” to allow some securities involving crypto to raise a set amount in any 12-month period while being exempted from registering under securities laws.

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Magazine: Can Robinhood or Kraken’s tokenized stocks ever be truly decentralized?