American Bitcoin ($ABTC) Activates 11,000 New Bitcoin Miners, Expanding Hashrate Capacity

Shares of American Bitcoin Corp. (ABTC) surged today after the company announced it had completed the energization of more than 11,000 new mining machines at its Drumheller facility, significantly expanding its operational capacity.

The company said it has brought approximately 11,298 additional ASIC miners online, adding about 3.05 exahashes per second (EH/s) to its active hashrate. The deployment marks the completion of a previously announced expansion plan and pushes American Bitcoin’s total operational fleet to roughly 25.0 EH/s across nearly 59,000 active machines.

Including inactive inventory, the firm now owns about 89,242 miners capable of producing up to 28.1 EH/s,…

Read more on BitcoinMagazine

Ethereum To $250,000? Daredevil Thesis Says ETH Could Replace Bitcoin, Gold As Money

The $31 Trillion Math

Gold’s monetary premium sits at approximately $29.7 trillion. Bitcoin’s monetary premium is around $1.5 trillion. Together, they represent roughly $31.1 trillion held by people who want money outside government control.

ETH’s current market cap is approximately $280 billion—less than 1% of that combined premium. 

If Ethereum captured that premium distributed across roughly 121 million ETH in circulation, the implied price would be north of $250,000 per ETH. Today it trades around $2,300.

The Warren Buffett Problem

Warren Buffett identified gold’s fundamental limitation in his 2011 letter to Berkshire Hathaway shareholders: “If you own one ounce of gold for…

Read more on Benzinga

SEC Weighs Onchain Trading Exemption: Could Tokenized Securities Go Mainstream? – BlackRock (NYSE:BLK)

“We are on the cusp of releasing what I call an ‘innovation exemption,'” Atkins said, “which will provide market participants with a cabined framework to begin facilitating the trading of tokenized securities on-chain in a compliant fashion as the Commission works toward long-term rules of the road.”

If that exemption materializes, stocks may no longer need traditional exchanges to trade. The implications stretch far beyond crypto.

What Are Tokenized Securities?

A tokenized security is a traditional financial asset — a stock, bond, or fund share represented as a digital token on a blockchain. The token carries the same legal ownership rights as its conventional counterpart, but it is…

Read more on Benzinga

Dogecoin Up 5% In A Week: What Is Going On?

Dogecoin (CRYPTO: DOGE) has seen a 5% jump over the past week, with analysts pointing to a potential breakout in the near term.

Network Activity Spike

In a X post on Apr.22, Crypto chart analyst Ali Martinez noted Dogecoin has been consolidating in a tight range, but recent data suggests a potential breakout may be approaching.

A sharp spike in network activity on April 16, with nearly $800 million in transactions, indicates increased on-chain movement and possible repositioning by large market participants.

At the same time, whale accumulation has been significant, with over $330 million in DOGE purchased over the past week. This kind of buying during consolidation is often interpreted as…

Read more on Benzinga

Strategy (MSTR) Surges Over 25% In 5 Days As Bitcoin Pumps

Shares of Strategy posted over 25% in gains during the last five trading days, driven by a record-breaking Bitcoin acquisition and a surge in bitcoin’s price above $78,000. The move underscored the company’s leverage to Bitcoin price movements and its continued reliance on preferred stock issuance to fund treasury expansion.​

Strategy’s stock opened April from a closing low near $119 on April 2, then ground higher throughout the month as Bitcoin prices recovered. By April 17, shares closed at $166.52 — a gain of more than 40% from that early-month trough.. On April 17 alone, shares surged 11.8% in a single session on volume that far exceeded the daily average.

Bitcoin… Read more on BitcoinMagazine

Russia Advances Sweeping Crypto Regulation Bill, Legalizes Cross-Border Payments And Tightens Market Controls

Russia’s lower house of parliament, the State Duma, has advanced a sweeping bill to regulate digital currencies, marking a major step toward formal oversight of the country’s crypto market.

Lawmakers approved the draft legislation in its first reading with 327 of 340 deputies voting in favor. The bill, titled “On Digital Currency and Digital Rights,” was introduced by the Russian government and sets out a comprehensive framework governing how cryptocurrencies can be issued, traded, and stored.

If adopted, the law will take effect on July 1, 2026, though some provisions carry later implementation dates.

The proposal defines key legal concepts, including the…

Read more on BitcoinMagazine

‘Bitcoin Shows Incredible Potential’: Top US Commander Warns It Could Decide The China Rivalry

The Power Projection Tool

Paparo testified before Congress on April 21 in response to Senator Tommy Tuberville (R-AR), who asked how leadership in Bitcoin might affect U.S. leverage, resilience, and deterrence in competition with China.

“Our research into Bitcoin is as a computer science tool,” Paparo said. 

“It’s the combination of cryptography, a blockchain, and a proof of work. And Bitcoin shows incredible potential as a computer science tool,” he added.

Moreover, Paparo said Bitcoin’s proof-of-work system can impose real-world costs beyond traditional network security measures. 

Beyond The Economic Use Case

The admiral emphasized applications “outside of the economic…

Read more on Benzinga

Total Value Locked Is A Lie; Now Decentralization Is A Lie Too?

Total Value Locked Is A Lie; Now Decentralization Is A Lie Too? – Benzinga

This brings us to the broader ethical and structural crisis in DeFi. We have built a system that is too complex to be allowed to fail. Because it is too complex to fail, it cannot be truly decentralized.

image credit: Author

Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

Beat the Market With Our…

Read more on Benzinga

Bitcoin Taps $78,000, Ethereum, XRP, Dogecoin Rise As Trump Extends Iran Ceasefire

Bitcoin climbed back above $78,000 after President Trump extended the Iran ceasefire.

Liquidations stand at $246.08 million over the past 24 hours while Bitcoin ETFs saw $11.8 million in net inflows on Tuesday, while Ethereum ETFs reported $43.4 million in net inflows.  

Meme coin market capitalization is trading relatively flat with a 0.2% gain over the past 24 hours at $37.6 billion.

Trader Commentary: 

Trader Lennaert Snyder said Bitcoin’s break above the weekly high has invalidated prior downside targets. He is watching for a pullback toward $76,900 as a potential long entry, or a liquidity sweep near $79,300 for possible short trades. A strong move above $80,000 could signal…

Read more on Benzinga

Satoshi Nakamoto Likely To Move Their Bitcoin In 2026? Here’s What The Biggest Prediction Markets Are Say

Satoshi Nakamoto’s massive Bitcoin (CRYPTO: BTC) stash has long been dormant, and prediction markets suggest that the status quo will hold through 2026

Punters Bet Dormancy To Continue

Over $2.6 million has been wagered on the outcome on Polymarket. The market will resolve to “Yes” on-chain analytics firm Arkham verifies an “Outflow” or “Swaps” transaction from any wallet linked with Nakamoto.

The Richest Crypto Holder

Nakamoto is estimated to hold around 1.1 million BTC, worth approximately $85.47 billion at current market prices, making them the world’s richest cryptocurrency holder.

If ranked on Forbes’ Real-Time Billionaires list, they would be ranked 24th, above Julia Koch and…

Read more on Benzinga