Bitmine denies rumors of a large-scale reduction in ARK holdings: It actually increased its holdings by 61,416 shares.

The post Fed Rate Cuts May Push Crypto Prices Up As ‘Digital Gold’ Replaces TradFi appeared on BitcoinEthereumNews.com. FX168 Financial News (North America) reports that cryptocurrency polymath Eric Trump has said that President Trump’s consistent advocacy of a Federal Reserve interest rate cut could push up cryptocurrency prices significantly. A rate cut would make interest-bearing safe assets less attractive. It would prompt investors to turn to speculative assets such as stocks and Bitcoin (BTC-USD).  Historically, cryptocurrencies typically rise during easing cycles, albeit not in a straight line. A rate cut could trigger a short-term rally. It could also signal economic weakness, which could drag down the performance of risky assets. In Eric Trump’s view, the digital asset industry is here to stay for the long haul. From there, the existence of proven cloud mining platforms has high benefits. What is Cloud Mining? XiuShan Mining cloud mining is a way to allow users to mine cryptocurrencies by renting computing power (arithmetic). A third party provides that computing power. Besides, users don’t need to purchase expensive mining equipment or perform technical maintenance themselves.  Users simply purchase a certain number of arithmetic contracts from the specialized XiuShan Mining cloud mining platform. That’s responsible for purchasing, deploying, operating, and maintaining the equipment, including power supply and technical management. Users can receive cryptocurrency revenue generated by mining on a pro rata basis according to the arithmetic power and lease term.  How Does Cloud Mining Work? Rented Arithmetic: Users select and purchase arithmetic contracts on the XiuShan Mining platform, which are typically measured in terms of hash rates (e.g., giga-hashes per second) that determine the amount of mining power. Mining Operations: XiuShan Mining uses its large mining facilities in remote data centers to validate blockchain transactions using the arithmetic power rented by users to solve complex mathematical problems. Distribution of Revenues: Cryptocurrency revenues generated by mining are distributed to users on a regular basis…

The Bank of Russia will initiate an expanded supervision phase on digital assets and mining activities starting in 2026.

PANews reported on November 7th that, according to The Data Nerd, trader 0xb63 opened a 15x short position of 250 BTC on October 29th at an average price of approximately $113,676. He has partially closed the position, realizing a profit of approximately $515,000, and still holds the short position with an unrealized profit of approximately $2.57 million. Today, he also opened a long position in ZEC at an average price of approximately $595.