Cipher Mining set the size of its private convertible note sale at $1.1 billion, redrawing the balance sheet and setting the pace for building more data centres and high-performance-computing (HPC) sites. The notes are zero-coupon senior debt due October 1, 2031, with cash and securities settling on September 30, 2025. Because the issue carries a zero coupon and a fixed conversion ratio, the ultimate effect on share count and on funding for new facilities is large.
Author: chloe
chloe
Chloe Adams writes about the infrastructure layer of crypto: Bitcoin, Ethereum, Layer 1 networks, stablecoins, DeFi and the regulation shaping how these systems are used. At BlockchainJournal, she pays close attention to protocol upgrades, network activity and adoption claims, separating meaningful ecosystem progress from technical noise or premature conclusions.When relevant, she also tracks regulatory developments and market reactions tied to core blockchain systems.
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Layer-1 chains function as the crypto economy’s base layer in 2025, validating transactions, running smart contracts, and supplying the security that dApps, DeFi and Web3 need. Developers, institutions and service providers rely on that steady foundation, with Ethereum, Solana and Cardano placed at the core of the emerging structure. The comment stresses the part Layer-1s play in institutional uptake and in the sector’s technical layout.
Global financial markets contracted sharply this Friday after the announcement of a new round of tariffs by the Trump administration, coupled with disappointing economic data, triggered a wave of risk aversion. In this adverse context, crypto ETFs recorded their largest capital outflow of the last quarter. The Bureau of Economic Analysis (BEA) confirmed the pessimistic sentiment by reporting that GDP growth missed forecasts.
Tether dominance (USDT.D), a crucial metric for gauging market sentiment, has reached a two-month high of 4.69%, sending a clear signal of caution among investors. This increase, visible in data from TradingView, suggests that traders are moving their capital into the stablecoin, which historically precedes greater bearish pressure on Bitcoin and the rest of the cryptocurrency market.
The price of BNB, the native token of the BNB Chain, has registered an impressive rally in recent weeks, capturing the attention of the entire market. This upward movement, driven by a notable growth in network activity, has led the asset to overcome key psychological barriers; however, recent data from the analytics platform Santiment suggests it is time to analyze the situation with a balanced perspective.
Sebastian Paredes, CEO of DBS in Hong Kong, recently stated that the region’s new regulatory framework for digital assets, while necessary, will impose significant barriers. The new stablecoin regulation will severely restrict their application in on-chain derivatives trading, primarily due to strict know-your-customer (KYC) requirements.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has experienced a decline that triggered a significant Ethereum oversold signal on its daily chart, a technical event not observed since the asset was trading at $1,400. According to data from the technical analysis platform TradingView, the daily Relative Strength Index (RSI) fell below the 30 threshold, indicating a possible seller capitulation and drawing the attention of analysts and investors alike.
Bitcoin fell beneath a closely watched support band, with a high probability that the next stop is USD 105.000. Thin order books and positions built on heavy leverage are feeding the decline, impacting leveraged traders, risk control desks and ETF holders alike.
The new XPL token from the stablecoin infrastructure-focused project Plasma officially debuted this Thursday, achieving an impressive market capitalization that surpassed $2.4 billion within its first hours of trading. This launch represents a significant milestone for the decentralized finance (DeFi) ecosystem, as it introduces a new layer of solutions for stablecoin liquidity and interoperability. According to an official statement from the organization, the event exceeded all initial expectations. The digital asset saw a trading volume of over $800 million during its first day, primarily across leading decentralized exchanges like Uniswap and Curve. A debut of this magnitude positions Plasma as…
Naver Financial, the fintech arm of South Korean tech giant Naver, and Dunamu, the operator of the cryptocurrency exchange Upbit, are in advanced talks for a potential stock swap. According to an initial report by local media outlet Chosun, this strategic alliance aims to consolidate both companies’ leadership in South Korea’s growing digital asset and stablecoin market.
