In April, Armbrust pled guilty to computer fraud after using his ex-employer’s AWS account to mine Ethereum.
Armbrust was sentenced to three years of probation and ordered to repay the full amount, court records show.
The mining operation cost his former employer over $45,000 in cloud fees while netting him about $5,800 in crypto.
A former engineer at e-commerce company Digital River was sentenced Tuesday to three years of probation for illegally mining crypto using his former employer’s cloud servers.
Joshua Paul Armbrust, 45, was sentenced by U.S. District Judge Jerry Blackwell after pleading guilty in April to a felony count of computer fraud documented by the U.S. Attorney’s Office for the District of Minnesota, with initial reporting on the sentence from local media outlet Duluth News Tribune.
After resigning from Digital River in February 2020, Armbrust continued accessing the company’s Amazon Web Services account between December 2020 and May 2021, running a program that mined cryptocurrency without authorization.
Armbrust “remotely accessed the company’s Amazon Web Services account on multiple occasions without authorization and utilized AWS computers to mine Ethereum cryptocurrency,” the DOJ’s announcement reads.
Defense attorney William J. Mauzy said Armbrust’s actions took place “during a time of extreme financial need and considerable emotional distress,” as he cared for his ailing mother, who has since died.Mauzy argued Armbrust was not a “malicious hacker” but instead was someone acting out of “desperation and despair,” noting how his client made no attempt to conceal the activity and had taken full responsibility for the losses.
Prosecutors said the operation generated more than $5,800 worth of Ethereum, which Armbrust converted for personal use, while Digital River incurred about $45,270 in cloud-service costs before the activity was discovered.
Decrypt reached out to the U.S. Attorney’s Office for the District of Minnesota to request a copy of the sentencing documents and confirm details. Efforts were made to procure comments from Armbrust’s legal representatives.
It’s worth noting that Armbrust was mining at a time when Ethereum still relied on a proof-of-work system, which demanded significant computing power and energy use, before its transition to proof-of-stake in September 2022.
He was indicted in November 2024 on one count of computer fraud for a “cryptojacking” scheme resulting in “significant financial losses,” according to the U.S. Attorney Andrew M. Luger.
Cryptojacking, per the DOJ’s 2024 definition, is a form of cybercrime where an unauthorized individual or party “uses someone else’s computing resources to mine cryptocurrency, such as Bitcoin or Ethereum,” by leveraging a victim’s hardware.
Armbrust’s covert crypto mining scheme used Digital River’s resources “between 6 p.m. and 7 a.m. daily” and transferred the Ethereum to his own crypto wallet, according to Endicott.
Prosecutors said Armbrust’s actions were not a “momentary lapse in judgment” but a deliberate misuse of company computing resources for personal gain, causing real financial losses and operational disruption.
Digital River filed for insolvency for its German subsidiaries in January at the Cologne Insolvency Court, after losing access to a revolving credit facility earlier that month.
The company has since closed its Minnesota headquarters, suspended most of its global services, and begun winding down its operations.
Decrypt has reached out separately to Digital River for comment on their former employee’s actions and sentencing.
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Mordor Intelligence has published a new report on the 5G in Aviation Market, offering a comprehensive analysis of trends, growth drivers, and future projections.Understanding the 5g in Aviation Market
The 5g in Aviation Market [https://www.mordorintelligence.com/industry-reports/5g-market-in-aviation?utm_source=abnewswire] is expected to grow from USD 3.20 billion in 2025 to USD 13.40 billion by 2030, at a CAGR of 33.17% during the forecast period (2025-2030). The growth in the 5G Market size is driven by increasing passenger demand for high-speed inflight connectivity, the digital transformation of airports, and the adoption of advanced data-driven systems to improve both flight and ground operations.
In addition to market size expansion, the 5G Market share is influenced by key trends such as inflight entertainment upgrades, airport operations automation, and the integration of IoT sensors for predictive maintenance.
Key Trends in the 5G Market
1. Rising Demand for High-Speed and Connectivity (IFEC) Services: Rising passenger demand for high-speed inflight Wi-Fi is driving airlines to adopt 5G systems, enhancing streaming, collaboration, entertainment, and overall satisfaction in aviation services.
2. Accelerated Airport Digital Transformation through 5G Integration: Airports are adopting unified 5G platforms connecting sensors, cameras, and terminals, enabling automated baggage handling, secure payments, and real-time analytics to boost efficiency and reduce delays.
3. Increased Adoption and Edge Computing for Aircraft Management: Modern aircraft generate extensive sensor data, requiring low-latency 5G networks for predictive maintenance, situational awareness, drone management, and airspace monitoring, highlighting key 5G Market trends.
4. Expansion of National Auctions and Dedicated for Aviation Applications: Regulatory initiatives enable airlines and airports to test 5G applications in controlled zones, supporting private networks, drone corridors, and latency-critical systems, driving aviation connectivity and 5G Market trends.
Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: https://www.mordorintelligence.com/ja/industry-reports/5g-market-in-aviation?utm_source=abnewswire
Segmentation in the 5G Aviation Market
*By Connectivity Type:
*Ground-to-Ground Communication
*Air-to-Ground Communication
*Air-to-Air Communication
*By Offering:
*Hardware
*Software
*Services
*By Application:
*Passenger Experience:
*In-flight Wi-Fi
*AR/VR Entertainment
*Airport Operations:
*Baggage and Cargo Tracking
*Smart Security and Border Control
*Flight Operations:
*Real-time Flight Tracking
*Predictive Maintenance Telemetry
*Drone and Urban Air Mobility Operations
*By Deployment Model:
*Public 5G Networks
*Private 5G Networks
*Hybrid Networks
*By Stakeholder:
*Airlines
*Airports
*MRO Providers
*ANSPs (Air Navigation Service Providers)
*OEMs (Original Equipment Manufacturers)
*Passengers
*By Geography:
*North America: United States, Canada, Mexico
*South America: Brazil, Argentina, Rest of South America
*Europe: Germany, United Kingdom, France, Italy, Spain, Russia, Rest of Europe
*Asia-Pacific: China, India, Japan, South Korea, ASEAN, Rest of Asia-Pacific
*Middle East and Africa:
*Middle East: Saudi Arabia, UAE, Turkey, Rest of Middle East
*Africa: South Africa, Nigeria, Rest of Africa
Explore Our Full Library of Technology, Media and Telecom Research Industry Reports – https://www.mordorintelligence.com/market-analysis/technology-media-and-telecom?utm_source=abnewswire
Key Players in the 5G Market
*Telefonaktiebolaget LM Ericsson: A leading Swedish multinational providing 5G network infrastructure, hardware, and software solutions for telecom and aviation connectivity.
*SK Telecom Co. Ltd: South Korea’s largest telecommunications company offering 5G services, network solutions, and digital innovations for passenger and airport operations.
*KT Corporation: A major South Korean telecom operator delivering 5G connectivity, IoT solutions, and digital infrastructure for aviation and other sectors.
*Deutsche Telekom AG: A German multinational providing 5G network deployment, services, and infrastructure to support airlines, airports, and aviation communication systems.
*Gogo LLC: A U.S.-based company specializing in inflight connectivity and entertainment solutions, offering 5G-enabled services for passenger experience enhancements.
Conclusion
The 5g in Aviation Market is set for robust growth and advanced operational management. Current 5G Market trends highlight the increasing adoption of high-speed inflight services, airport automation, and IoT-based systems, which are shaping the future of aviation connectivity.
The latest 5G Market statistics indicate strong regional growth, with North America as the largest market and Asia-Pacific emerging rapidly due to infrastructure investments and private network initiatives.
For more insights on 5G Market, please visit the Mordor Intelligence Page: https://www.mordorintelligence.com/industry-reports/5g-market-in-aviation?utm_source=abnewswire
The 5G Technology Market in Aviation is projected to grow from USD 3.20 billion in 2025 to USD 13.40 billion by 2030, at a CAGR of 33.17%. Growth is driven by rising passenger demand for high-speed inflight connectivity and the adoption of 5G-enabled airport operations for improved efficiency and safety.
The 5G Services Market is expected to grow from USD 136.52 billion in 2025 to USD 822.96 billion by 2030, at a CAGR of 43.23%. This growth is fueled by the increasing adoption of 5G-enabled enterprise solutions and rising demand for high-speed connectivity across industries, supporting digital transformation and advanced network services.
The 5G MmWave Market is projected to grow from USD 44.26 billion in 2025 to USD 137.93 billion by 2030, at a CAGR of 25.52%. Growth is driven by the demand for ultra-high-speed wireless connectivity and low-latency applications, supporting enhanced mobile broadband and enterprise 5G solutions.
About Mordor Intelligence:
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.
With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.
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The government has introduced legislation to make a temporary crypto mining moratorium permanent.
Officials said the change is part of a broader plan to allocate electricity to high-value industries.
Crypto industry leaders warned the decision could push investment to areas without clean energy.
The Government of British Columbia is moving to permanently bar new cryptocurrency mining projects from connecting to the provincial power grid, as it shifts focus toward major industries it says will better serve its clean energy and economic growth goals.
The measure, announced Monday, is part of a wider effort to grow investment, diversify markets and create new jobs, particularly in northern B.C., while managing a surge in electricity demand. Under the proposed Energy Statutes Amendment Act new crypto mining operations would no longer be eligible for connections to BC Hydro, which supplies the region’s power.
“We must act with urgency to leverage our clean-electricity advantage and grow and diversify our economy,” said Adrian Dix, Minister of Energy and Climate Solutions. “Our new allocation framework will prioritize vital growth in sectors like mining, natural gas, and lowest-emission LNG, while ensuring our clean energy is directed to projects that deliver the greatest benefit to British Columbians.”
The legislation marks the culmination of a process that began in late 2022, when the province and BC Hydro paused new connection requests from cryptocurrency miners for 18 months. That moratorium, officials said at the time, aimed to support climate and economic goals by curbing an industry that consumes massive amounts of power but generates few local jobs.
British Columbia has never been a major hub for cryptocurrency mining, though several medium-sized operations have taken root thanks to its cool climate and renewable power mix.
Other Bitcoin miners like Iris Energy and Hive Digital maintain facilities in the province, along with a handful of smaller projects that had been awaiting connection approval before the freeze.
Globally, the real hotspots for mining are far from B.C. Instead, mining companies are looking to Texas, parts of the U.S. Midwest, the Nordic region, the Caucasus and, increasingly, Latin America, where cheap and stable electricity makes large-scale mining viable. Nevertheless, B.C. had been seen as a symbolically important player as a clean, politically stable jurisdiction that once attracted miners seeking a greener reputation.
“Protecting the grid is a valid concern, but it’s also a convenient narrative,” said Kadan Stadelmann, a blockchain developer who began GPU mining himself more than a decade ago and is the current Chief Technology Officer at Komodo Platform, told Decrypt.
“Mining demand can be managed dynamically, many miners already curtail operations during peak hours and even help stabilize grids by absorbing surplus power. Instead of an outright ban, regulators could design flexible pricing models or demand-response programs. Calling for a full stop suggests more of a political decision than an energy one.”
Opponents of crypto mining often cite its enormous energy appetite and local noise pollution as major issues with operations.
Data from Digiconomist estimates that Bitcoin mining’s annual electricity use rivals that of Thailand, with a carbon footprint comparable to the Czech Republic. Residents living near mining sites in place including Texas have also lodged complaints about the constant whir of industrial cooling fans.
Stadelmann acknowledged those problems but argued they are solvable. “Some concerns are absolutely valid. The industry hasn’t always communicated well about its energy mix or community impact. The answer isn’t denial, it’s transparency and innovation,” he said, pointing to projects using flared gas capture, hydro excess or geothermal sources to offset emissions, as well as the use of modular mining rigs and better sound insulation to eliminate local nuisance issues.
“The key is to stop operating in isolation and start showing tangible local benefits like jobs, tax revenue, and support for renewable build-outs. If governments truly want to preserve clean energy, they should engage with miners as potential partners, not scapegoats. Banning an entire class of digital infrastructure over optics will just export the same demand to dirtier grids elsewhere.”
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TOPFEELPACK distinguished itself as a china top cosmetic packaging manufacturer (https://www.topfeelpack.com/about-us/) in a market where innovation and quality drive market leadership, earning the prestigious CIE BEAUTY AWARD at the CiE Beauty Innovation Expo 2024. This accolade honored TOPFEELPACK’s unwavering commitment to excellence while cementing their place among elite cosmetic packaging manufacturers that continue to revolutionize industry transformation.
Inside the CiE Beauty Innovation Expo 2024: Where Industry Giants GatheredThe CiE Beauty Innovation Expo 2024 proved one of the most influential beauty industry events in Asia, gathering manufacturers, suppliers and innovators from around the cosmetics ecosystem. Established in 2021, its primary objective was “New Technologies, New Aesthetics”; and provided a premier platform for showcasing cutting-edge innovations in beauty packaging and product development.
Behind the Beloved CIE BEAUTY AWARD: Why TOPFEELPACK Shined The CIE BEAUTYCIE BEAUTY AWARD was one of the industry’s most esteemed honors, honoring companies with outstanding innovation, quality, and market impact. On November 27, at an awards ceremony hosted by Beauty Awards International (BI), 27 awards were revealed – with TOPFEELPACK’s recognition highlighting their pioneering contributions to cosmetic packaging innovation.
The award evaluation process took into account multiple criteria, including technological advancement, design excellence, sustainability initiatives, market influence and technological change. Winners were determined by an independent panel of industry experts who evaluated each nominee based on its effect on beauty packaging sector as well as ability to drive positive change within industry.
Beyond Manufacturing: TOPFEELPACK’s Formula for Market Dominance
As an esteemed Cosmetics Packaging supplier, TOPFEELPACK has earned its place as an industry leader by upholding a fundamental philosophy: people-first and perfection seeking. TOPFEELPACK CO. LTD is a specialist manufacturer specializing in research & development (R&D), production (production), and marketing (marketing) of cosmetics packaging products – offering comprehensive support that goes far beyond simple manufacturing to encompass the product development cycle as a whole.
The Secret Weapons: Core Advantages That Drive SuccessTOPFEELPACK’s market leadership can be attributed to several core advantages that set it apart from competitors. TOPFEELPACK remains at the forefront of industry developments through constant technological innovation and can respond swiftly to changing consumer tastes and market needs.
TOPFEELPACK’s dedication to brand management and overall image promotion demonstrates its understanding that packaging serves more than merely containment; rather, it serves as an important brand communication tool that enhances both positioning and consumer engagement. Through this strategic lens, they deliver solutions which enhance both branding and consumer engagement.Rapid prototyping services offered by this company are best illustrated by their stated goal of “1 day to provide drawings, 3 days to produce 3D prototype”. This ensures exceptional responsiveness that allows clients to accelerate product development cycles and time-to-market strategies.
Innovation at Work: Revolutionary Products Transforming Beauty BrandsTOPFEELPACK offers an extensive product lineup designed to meet diverse beauty industry requirements. Their services specialize in airless packaging systems, dual chamber bottles, lotion pump containers, luxury skincare packaging solutions that target premium market segments, airless packaging systems, airless systems for hair dye and nail salon products and airless bottle system products that meet those demands.Airless packaging technology from this company meets product preservation challenges head on, extending shelf life and upholding product integrity for formulations with sensitive formulas. Their dual chamber bottles for skin care and eye care offer innovative solutions in today’s increasingly competitive skin care product market, where packaging design and material selection play a critical role in brand differentiation.
TOPFEELPACK’s product applications span across numerous beauty categories such as skincare, color cosmetics, fragrance and personal care products – giving it the capacity to serve brands from various market segments and price points with packaging needs.
From Startups to Global Brands: Success Stories That Define ExcellenceTOPFEELPACK’s client portfolio spans from startups to global brands, reflecting their ability to scale solutions according to different business requirements. Client testimonials highlight TOPFEELPACK’s reliability; for example one international client wrote “in China we have purchased many times; this one stands out as being most satisfactory – an honest and reliable Chinese manufacturer!”
TOPFEELPACK’s account management approach emphasizes industry expertise and multilingual communication capabilities to foster successful collaboration with international clients. Its global orientation has allowed it to expand beyond China by serving clients from multiple international markets.
The Future is Here: Industry Trends Shaping Tomorrow’s Beauty Landscape
TOPFEELPACK was proud to undertake more than 100 private molds projects during 2021 alone, demonstrating their capacity for handling large-scale customization projects with quality standards and timelines that met expectations.Future Beauty Landscaperov The cosmetic packaging industry is experiencing unprecedented growth, propelled by shifting consumer tastes and technological innovation. Plastic accounted for 64.58% of cosmetic packaging market share in 2024; sustainability concerns are leading innovation toward eco-friendly materials and designs.
Today’s cosmetic packaging trends emphasize minimalistic designs, emphasizing clean, simple and elegant packaging styles which reflect modern consumer aesthetics as well as brand positioning strategies.
China’s beauty market is experiencing remarkable transformation, with cosmetic retail sales totalling 414.2 billion yuan in 2023 – offering packaging manufacturers ample opportunities for growth due to shifting market dynamics.Digital Commerce integration and sustainable packaging solutions are powerful growth drivers, with online channels leading the way in growth with live-stream commerce and short-video platforms that require customized packaging solutions optimized for digital presentation and customer interaction.
TOPFEELPACK’s success at the CiE Beauty Innovation Expo 2024 marked both their achievements and strategic positioning for future industry leadership. As China’s Top Cosmetic Packaging Manufacturer (https://www.topfeelpack.com/products/), TOPFEELPACK continues to drive innovation while upholding their excellent quality standards and customer service excellence that helped establish their market reputation.TOPFEELPACK’s comprehensive approach to packaging development combined with its track record of innovation and client satisfaction allows them to recognize these emerging opportunities within the beauty packaging market and seize upon them effectively.
TOPFEELPACK’s award-winning packaging solutions and services can be found by visiting their official website, https://topfeelpack.com/
5th Floor, Building B2, Yin Tian Industrial Park, Xi Xiang Road, Bao’an Dist, Shenzhen, 518102 China
info@topfeelpack.com
TOPFEELPACK CO., LTD is a professional manufacturer, specialized in R&D, manufacturing and marketing of cosmetics packaging products. Our main products include airless bottle, cream jar, PET/PE bottle, dropper bottle, plastic sprayer, dispenser, plastic tube and paper box etc. With professional skill, stable quality and excellent customer service, our company enjoys high praise among customers.
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CRYPTO BOUNCES BACK, ALTCOINS BELOW FTX LEVELS, CPI THIS WEEK
Crypto Bounces After Hitting Extreme Fear Sentiment. Spot Btc Etf Suffer Ath Weekly Outflows. Revived Btc Supply Hits Highest Since January. Tough to Be Bullish With Btc Below $112k: Ansem. Top 50 Altcoins Below Level After Ftx Crash. Bitmine Has Bought $1.5b Eth Since Crash. New $1b Eth Dat Incoming. Kang Liquidated on Long Ena, Short Eth & Btc Trade. Tao & Zec Lead Bounce in Altcoins. Us 10yrs Behind on Crypto, Fixing is Job One: Atkins. Crypto Execs to Meet Senate Dems on Crypto Bill. Crypto Miners Riding Ai Wave Outperforming Btc. Hayes to Raise $250m for New Pe Fund. Stripe’s Tempo Raises $500m at $5b Valuation. Dankrad Leaves Eth Foundation for Tempo. Tether Open Sources Wallet Kit. Japan’s Fsa Could Allow Banks to Hold Crypto. Japan’s Big Banks Join Forces on Stablecoins. Uk Sends 65k Letters to Crypto Tax Evaders. Uk to Finalise Stablecoin Rules by End-2026. Ant Group, Jd Com Halt Stablecoin Plans in Hk.
LAKE, a pioneering Real-World Asset (RWA) company transforming the water industry, is unveiling its new partnership with Fontdalt, a pristine Spanish spring located 600 meters above sea level, offering pure, mineral-balanced water from one of Catalonia’s most untouched regions.
This new partnership with Fontdalt marks a significant milestone for LAKE, further strengthening its water source–based ecosystem by expanding geographic coverage and diversifying their offering, bringing more choices and opportunities to their customers.
LAKE is building a decentralized ecosystem serving as a new robust framework into the water industry aiming to connect as many springs as possible directly to individuals, businesses and institutions through disruptive services empowering all stakeholders to actively participate and benefit from opportunities within this +$300Bn market.
“There are trillions of liters of untapped high-quality water globally that could be integrated into a reshaped water economy supported by blockchain technology—helping to meet rising demand, enhance efficiency, transparency and accessibility, and establish new sustainability standards,” highlighted Jean-Hugues Gavarini, LAKE’s CEO and co-founder.
Fontdalt Spring will first integrate the LAKE Water Shop, which is set to launch in the coming weeks, enabling EU-based LAK3 holders to purchase spring water directly from the source and have it delivered to their doorsteps.
This addition accelerates LAKE’s mission to democratize access to one of the world’s most strategic resources.
This new alliance points to LAKE’s core innovation: Digital Water — a pioneering service that transforms spring water into the next global asset class. By digitalizing and financializing water, LAKE empowers their water source partners to monetize their dormant reserves, generating new revenue to invest in infrastructure and, in turn, increase the availability of water on the market — while offering to everyone new ways to own, secure, trade, and benefit from water as an asset.
“To unlock the full potential of our ecosystem and make a meaningful impact in redefining the water industry, we need access to high volumes of spring water across the globe that can meet growing demand and interest,” explained Laetitia Berthet, LAKE’s COO. “Our partnership with Fontdalt is key to executing this strategy, and we are also actively engaging with multiple water sources to scale our services globally and expand opportunities for all stakeholders in this highly lucrative industry.”
With Fontdalt onboard, LAKE is broadening its reach—ensuring reliable access to high-quality water and accelerating the growth of its services, while reinforcing sustainability as a core principle of its ecosystem. As part of this collaboration, Fontdalt contributes eco-friendly bag-in-box container solutions, supporting LAKE’s commitment to responsible and scalable water distribution.
“This partnership with LAKE allows us to share the essence of Fontdalt with a wider audience while promoting sustainable water practices. We are proud to be part of this innovative project.” added Andreea Antohe, CEO of Fontdalt.
Expanding LAKE’s water source network on a global scale is a strategic move that goes far beyond supply. It solidifies the credibility and long-term stability of the entire ecosystem LAKE is building — especially Digital Water — backed by long-term source concessions and a geographically diversified portfolio of premium water sources.
About Fontdalt
Fontdalt is a pure mineral water that flows from a protected spring nestled in the heart of the Serra de Llaberia — a pristine pre-coastal region of Catalonia, safeguarded as a pre-natural park near the Mediterranean Sea. Untouched and inaccessible, the water emerges naturally, without drilling, following its own path through layers of mountain rock. It rises to the surface through a narrow fissure in the mountain, a passage shaped solely by nature over time. Preserved by nature and shaped by time, Fontdalt offers exceptional purity from a truly privileged source.
About LAKE
LAKE is a Real World Asset (RWA) company transforming the global water economy through its blockchain-based ecosystem, empowering everyone to seamlessly buy, own, trade, invest in, and secure high-quality spring water — enabling passive consumers to become active players in the trillion-dollar water economy. LAKE introduces the world’s first ecosystem to digitalize and financialize water, turning spring water into Digital Water, the next strategic global asset class, enabling borderless access, ownership, and monetization of water globally.
LAKE pioneers a new paradigm where water is not only consumed but also owned, traded, and secured as a strategic investment.
Learn more about LAKE (LAK3) at https://lak3.io/
Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Investing involves risk, including the potential loss of capital. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.
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Crypto prices plunged last week.
Bitcoin miner BitMine Immersion saw this as a buying opportunity and bought over 200,000 ETH.
The NYSE-listed firm now holds over $13 billion in crypto.
Ethereumtreasury BitMine Immersion bought the dip, snapping up 203,826 ETH last week to bring its current holdings to over 3.2 million digital coins—worth more than $13 billion based on early Monday’s price.
The NYSE-listed firm said it now holds 3,236,014 ETH bought at an average price of $4,022 per coin. Bitmine stock rose by nearly 9% Monday morning New York time.
BitMine Immersion, which has the largest Ethereum treasury of any publicly traded firm and the second-largest overall crypto treasury, also said it owns 192 Bitcoins worth $21.3 million.
ETH was recently priced at nearly $4,038 per coin after a rocky few days, dropping last week to as low as $3,709, its lowest mark in two months, according to crypto data provider CoinGecko.
In a statement, BitMine Chairman and Fundstrat Global Advisors Managing Partner Tom Lee noted ETH’s price drop, part of a wider crypto market swoon last week.
“The crypto market saw one of its largest deleveraging events ever last week and this put downward pressure on ETH prices,” he said.
In a Myriad market, nearly 60% of respondents believe that ETH will hit $5,000 before gold does. (Myriad Markets is a product of DASTAN, the parent company of an editorially independent Decrypt.)
Crypto markets got hit hard on October 11 after President Trump announced new trade tariffs on China. Over $19 billion in largely leveraged crypto futures positions were liquidated and the prices of many digital coins and tokens plunged.
Major coins and tokens like Bitcoin and Ethereum have since recovered some ground but are still well below their all-time highs.
Lee is the force behind BitMine’s ETH buying strategy, which gives investors exposure to the token without the burdens of holding it directly. BitMine is aiming to acquire 5% of the total ETH supply.
Lee has long been bullish on Bitcoin, but in June said that Ethereum was rallying and could be the “next Bitcoin” as institutional investor interest in the digital coin and its network soared. Spot Ethereum ETFs have generated more than $14.6 billion in investments with most of those occurring in recent months.
Lee, a widely watched Wall Street strategist, and other analysts have highlighted the crypto network’s usefulness for transactions involving stablecoins, the volume of which is expected to grow significantly.
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Playout Automation & Channel In A Box Market Analysis
Latest Report, titled Playout Automation & Channel-in-a-Box Market Trends, Share, Size, Growth, Opportunity and Forecast 2024-2031, by Coherent Market Insights offers a comprehensive analysis of the industry, which comprises insights on the market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
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Author of this marketing PR:Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc.
About Us:Coherent Market Insights Pvt. Ltd leads into data and analytics, audience measurement, consumer behaviors, and market trend analysis. From shorter dispatch to in-depth insights, CMI has exceled in offering research, analytics, and consumer-focused shifts for nearly a decade. With cutting-edge syndicated tools and custom-made research services, we empower businesses to move in the direction of growth. We are multifunctional in our work scope and have 450+ seasoned consultants, analysts, and researchers across 26+ industries spread out in 32+ countries.
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Bitcoin stabilized above $105,000 over the weekend, triggering a push toward $109,400.
Experts say Bitcoin could be forming a local bottom amid softening U.S.-China trade tensions, but remain cautious.
The end of quantitative tightening and potential rate cuts create a bullish setup for Bitcoin heading into 2026.
Bitcoin is showing signs of stabilization as key macroeconomic pressures begin to ease, with experts suggesting the top crypto may be bottoming.
Bitcoin is up nearly 2% over 24 hours, setting a high of $109,405, fueling a minor rally across the broader altcoin market, CoinGecko data shows.
“I think Bitcoin is bottoming here,” Peter Chung, head of research at Presto Research, told Decrypt. “I expect the next move is more likely to be upward rather than downward.”
The potential bullish reversal follows the Fed’s dovish pivot last week, in which Chair Powell signaled that quantitative-tightening may be coming to an end and that interest-rate cuts are on the table.
With the end of QT in sight, risk assets may benefit from a loosening of financial conditions headwinds as liquidity withdrawal slows, or so the thinking goes.
Meanwhile, a softening of the U.S.-China trade war, which previously triggered a historic liquidation cascade earlier in the month, is also expected this week, with Treasury Secretary Scott Bessent and Vice Premier He Lifeng to meet in Malaysia to defuse tensions further.
Sean Dawson, head of research at Dervie, echoed Chung’s sentiment, but cautioned that risks remain.
“This is probably a local bottom. Lower rates push investors up the risk curve into assets like crypto,” Dawson told Decrypt. “However, the risk of escalation in the U.S.-China trade war could cause a further tumble.”
The immediate future for Bitcoin and the broader crypto market hinges on Friday’s upcoming inflation report, though Decrypt was told the outcome of U.S.-China trade negotiations holds a greater sway over the market sentiment.
“Bitcoin is extremely sensitive to these talks,” Dawson said, noting that the largest price moves this year have followed tariff announcements. “Should there be a positive resolution to these fears, we’d likely see a significant upward rally.”
Looking ahead, the Fed’s plan to end quantitative tightening, which involves reducing the central bank’s balance sheet, “will be bullish for Bitcoin,” Dawson said, noting that the return of liquidity creates a more favorable environment for speculative assets.
A quarter-point rate cut is expected ahead for the Fed’s next decisive meeting, scheduled on October 29, according to bond traders.
While a larger-than-expected rate cut would be positive for Bitcoin’s price action, “this would persist and manifest itself on longer time horizons likely by the first quarter of next year,” Dawson added.
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London, United Kingdom, Oct. 19, 2025 (GLOBE NEWSWIRE) — As the world accelerates into the age of artificial intelligence, one question becomes increasingly important:Who truly owns the value behind the AI revolution?Global digital-asset platform NB HASH believes the answer lies in RWA – Real World Assets.By connecting AI computing infrastructure with real-world assets through blockchain tokenization, NB HASH is transforming computing power—the core resource of the AI era—into verifiable, shareable on-chain income.Within this model, tangible assets such as data centers, electricity capacity, and GPU clusters are all integrated into a transparent blockchain yield system, allowing global users to share in the economic growth generated by artificial intelligence.
AI + RWA: The Next Evolution of Digital Assets
Traditional RWA models have focused on assets such as energy, real estate, or infrastructure.NB HASH has expanded this concept by introducing a new AI Compute RWA Model,linking investment returns directly to actual computing output used in AI training and cloud operations.This innovation ensures that every unit of digital yield corresponds to measurable, real-world productivity — not speculation.Investors are no longer betting on volatility; they’re participating in the core economic engine of the AI revolution.“NB HASH is turning the fundamental resource of the AI era—computing power—into a verifiable, participatory, and income-generating digital asset,”said an NB HASH spokesperson.“For the first time, everyday investors can share in the economic dividends of artificial intelligence.”
Real Assets, Real Returns
NB HASH’s RWA model channels income from multiple sources, including:
AI Data Centers — revenue from GPU utilization and cloud processing contracts;Green Energy Facilities — sustainable electricity powering AI infrastructure;Infrastructure Yield Agreements — leasing income and long-term operational returns.
Illustrative Earning Scenarios:
InvestmentAsset TypeEstimated Annualized YieldDistribution FrequencyNotes200 USDTAI Computing RWA12 % – 16 %DailyBacked by verified GPU utilization revenue500 USDTHybrid RWA (Compute + Energy)15 % – 20 %DailyMulti-asset yield portfolio1,000 USDTAI Node Participation Plan18 % – 25 %DailyLinked to global AI training demand
Yields shown above are examples for illustrative purposes only. Actual returns may vary based on project performance and market conditions.
Why Now Is the Right Time
Explosive AI Demand: Global computing consumption has grown over 200% year-on-year;RWA Adoption Accelerates: Institutional investors are increasingly tokenizing real-world assets;Liquidity Returns: Lower interest rates and persistent inflation are driving capital toward productive, yield-backed digital assets.
NB HASH stands at the intersection of these trends —where computation, blockchain, and tangible value converge to redefine the future of digital wealth.
Secure, Transparent, and Sustainable
All NB HASH RWA projects undergo third-party audits and real-asset verification.Smart contracts automatically manage income distribution, with all data publicly verifiable on-chain.The platform operates 24/7, providing real-time tracking and multilingual support for users across more than ten countries.
About NB HASH
Founded in 2019, NB HASH is a global leader in digital-asset innovation and blockchain infrastructure.With the mission “to make digital wealth real,” NB HASH integrates RWA, AI computing, and decentralized finance (DeFi)to provide secure, transparent, and sustainable growth opportunities for investors worldwide.NB HASH currently serves millions of users in over ten countries, offering blockchain-based asset management and income solutions.Learn more: https://nbhashrwa.com
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