News

ChainCatcher reported that American Bitcoin Corp., a crypto mining company co-founded by Eric Trump, son of Donald Trump, experienced significant selling pressure on Tuesday due to the unlocking of restricted shares. Within just 30 minutes after the market opened, the stock price plunged more than 50%, triggering multiple circuit breakers during the session. The decline later moderated, and as of 2:30 p.m. New York time, the stock closed at $2.33, down about 35% from the previous trading day. The company held its opening bell ceremony on Nasdaq on September 16 this year. (Bloomberg)

Jinse Finance reported that Swiss crypto custody firm Taurus has announced a partnership with non-custodial staking service provider Everstake, integrating Everstake’s validator node infrastructure into the Taurus-PROTECT platform to offer new staking network services to more than 20 banks and regulated clients worldwide. In the initial phase, the partnership will support staking for Solana, NEAR, Cardano, and Tezos, but will not include Ethereum for now. Everstake currently operates validator nodes on over 80 networks, supporting approximately $7 billion in staked assets. Both parties stated that the collaboration aims to simplify the compliant staking process for banks, allowing clients to stake while maintaining direct control over their assets. Taurus opened its first US office in New York in October and previously raised $65 million in a Series B round led by Credit Suisse in 2023 to accelerate its business expansion.