“Bitfarms, Cipher Mining and Bitdeer Posted Double-Digit Gains on Monday as Mines Keep Benefiting from Artificial Intelligence’s Surging Demand for Computing Power.”, – WRITE: www.coindesk.com
Bitfarms (Bitf) and Cipher Mining (CIFR) Surged 26% and 20% Respectvely on Monday, While Bitdeer (BTDR), Iren (Iren) and Mara Holdings (Mara) Advanced (Iren). The Rally Reflects Optimism That Booming AI Compute Demand Will Help Mines.
Perhaps Boosting Sentiment Was Catgpt Creator Openai Striking a Deal with Chipmaker Broadcom (AVGO) To Build Up Custom Chips for AI and Machine Learning. Also On Monday, Bloom Energy (Be) Announced A $ 5 Billion Deal with Brookfield Asset Management to Data Cells in Data Centers to Satisfy Ai’s Varacious Energy.
The Gains Occurred After Friday’s Steep Downnturn As Trade Tensions Between the Us and China Ratcheted Up, with Trump Imposing A 100% Increase In Tariffs on Chinese. Export Controls. Investor Concerns Easted Somewhat Over the Weekend, and the Nasdaq and S&P 500 Indexes Were UP 2.1% and 1.4% on MONDAY.
Other Crypto Related Names Enjoyed Modest Gains. Strategy (Mstr), The World’s Largest Bitcoin Treasury Firm, Climbed 2.8%, While Crypto Exchange Coinbase Was Roughly Flat. Digital Brokeraage Robinhood, WHICH EARNS A LARGE PORTION OF ITS Revenue from Crypto Trading, Was Up 1%.
Ethereum Eth$ 4,271.79 Treasury Firm Bitmin (BMNR), Meanwhile, Bounced Almost 7% As The Firm Said to Capitalize on the Crypto Plunge of the Past Few Days, Purchasing Over 200,000 Took prices.
Read More: Tom Lee’s Bitmin Boughht The Dip, Adding Over 200k Eth To Ethereum Treasury
Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Gate Exchange Emerged As Major Player With 98.9% Volume Surge to $ 746 Billion, Overtaking Bitget to Become Fourth-Largest Platform
- Open Interest Across Centralized Derivatives Exchanges Rose 4.92% to $ 187 Billion
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The Bank’s Digital Asset Head Says Citi Is Aiming for A “Credible Custody Solution” in the Coming Quarters to Serve Asset Managers and Other Clients.
- Citi Plans to Launch Crypto Custody Services in 2026, ALLOWING The Bank to Hold Native Digital Assets for Clients.
- The Bank is Exploring Both Internally Developed Solutions and Third-Party Partnerships to Support the Offering.
- Citi is Also Evaluating the Issuance of It Own Stablecoin, Thought Tokenized Deposits Remain ITS CURRENT FOCUS.
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