- SOS Limited has signed a hosting agreement with Bitmain for 6,000 mining machines and has already launched over 5,000 of its self-owned mining machines in Texas. The hosting agreement will last until August 20, 2025, and the managed mining machines will be delivered in two batches of 3,000 each. According to SOS Limited CEO Yandai Wang, this agreement is expected to add $1 million in monthly revenue for the company.
- AI video generation startup Irreverent Labs, founded by former Microsoft executive Rahul Sood, has announced the completion of a new funding round led by Samsung Next, with the specific amount not disclosed. Established in 2021, Irreverent Labs has previously raised $45 million in funding, with a16z leading a $5 million round.
- Bitcoin adoption in West Africa is on the rise due to various educational efforts in the region. Senegal recently opened Bitique, its first physical Bitcoin exchange and education center, and will host a Bitcoin Forum in Dakar in December. At the same time, Benin is set to hold the Bitcoin Mastermind conference, aimed at uniting local Bitcoin entrepreneurs and enthusiasts. Against a backdrop of anti-French sentiment, West African communities are increasingly engaging in educational discussions and real-life interactions to empower locals with knowledge of Bitcoin and decentralized currencies. Physical meetups, conferences, and shops provide opportunities for education, outreach, and direct interactio
- Large Ether (ETH) investors, known as "whales," took advantage of last Thursday's price plunge and accumulated a total of $94 million in ETH, according to Lookonchain and CoinDesk. The cryptocurrency's value fell to its lowest point since June, reaching $1,547 at one point. Despite the dip, these whale investors seized the opportunity to add to their holdings, potentially indicating confidence in Ether's long-term prospects. Bitcoin investors also followed suit, accumulating $309 million in BTC in the same period, as reported by crypto analytics firm Santiment.
