Bitcoin mining machine manufacturer Canaan Inc. reported a total revenue of $269.3 million for the full year 2024, including $44 million from mining operations. The company currently holds 1,292.5 bitcoins.
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Crypto billionaire Jed McCaleb is investing $1 billion in his space startup, Vast Space, which aims to build and launch the world’s first commercial space station. McCaleb, the founder of Mt. Gox, Ripple, and Stellar, is dedicating approximately $3.2 billion of his wealth — primarily from selling XRP — to fund Vast Space.
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The Federal Reserve has released its interest rate decision, maintaining the upper bound at 4.50%, which matches both expectations and the previous rate of 4.50%.
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